Consolidated Financial Standing Statement
in thousand PLN
As at | ||||
Specification | Note | 30/09/2022 | 31/12/2021 | 30/09/2021 |
(unaudited) | (unaudited) | |||
Tangible fixed assets | 5.1 | 386 150 | 389 683 | 388 347 |
Investment properties | 3 489 | 3 489 | 3 489 | |
Goodwill | 5.2 | 297 | 2 290 | 7 853 |
Non-tangible assets other than goodwill | 5.2 | 10 354 | 6 623 | 6 853 |
Long-term receivables | 3 407 | 2 822 | 2 752 | |
Contract assets | 1 998 | 2 159 | 2 147 | |
Financial assets | 5.3 | 892 | 6 | 6 |
Deferred income tax assets | 5.4 | 41 037 | 34 126 | 27 960 |
Long-term prepayments | 3 442 | 3 856 | 4 097 | |
Total fixed assets | 451 066 | 445 054 | 443 504 | |
Inventory | 5.5 | 268 474 | 239 178 | 231 217 |
Trade receivables | 5.6 | 215 802 | 152 137 | 162 762 |
Other short-term receivables | 26 076 | 12 922 | 12 415 | |
Income tax receivables | 190 | 3 139 | 1 958 | |
Contract assets | 235 | 235 | 235 | |
Prepayments | 5 460 | 3 036 | 5 851 | |
Financial assets | 5.3 | 1 201 | 2 432 | 21 757 |
Cash | 60 332 | 81 537 | 99 650 | |
Total current assets | 577 770 | 494 616 | 535 845 | |
TOTAL ASSETS | 1 028 836 | 939 670 | 979 349 | |
Share capital | 5 376 | 5 376 | 5 376 | |
Own Shares | -11 177 | 0 | 0 | |
Valuation of warrants (incentive scheme) | 6 291 | 6 291 | 6 291 | |
Reserve capital for the incentive program | 15 000 | 0 | 0 | |
Statutory reserve capital | 1 792 | 1 792 | 1 792 | |
Retained profits | 529 081 | 501 228 | 506 393 | |
Exchange rate differences | -12 741 | -13 171 | -13 021 | |
Total equity of the Parent Company | 533 622 | 501 516 | 506 831 | |
Non-controlling interests | 530 | 511 | 469 | |
Overall equity of the Parent Company and non-controlling interests | 534 152 | 502 027 | 507 300 | |
Credits and debt securities | 141 250 | 47 511 | 112 348 | |
Long-term provisions for employee benefits | 5.7 | 17 568 | 19 365 | 21 115 |
Deferred income | 6 436 | 4 616 | 4 906 | |
Provision for deferred tax | 5.4 | 223 | 255 | 0 |
Financial liabilities due to leasing | 25 447 | 24 598 | 22 988 | |
Total long-term liabilities | 190 924 | 96 345 | 161 357 | |
Credits and debt securities | 64 129 | 145 776 | 125 422 | |
Trade liabilities | 147 385 | 111 147 | 103 604 | |
Other financial liabilities | 3 096 | 2 650 | 1 605 | |
Financial liabilities due to leasing | 4 540 | 3 557 | 3 014 | |
Other short-term liabilities | 21 961 | 19 522 | 20 205 | |
Income tax liabilities | 416 | 146 | 227 | |
Contractual liabilities | 8 661 | 13 052 | 12 144 | |
Deferred income | 659 | 730 | 3 524 | |
Short-term provisions for employee benefits | 5.8 | 36 989 | 24 116 | 28 826 |
Other short-term provisions | 5.8 | 15 924 | 20 602 | 12 121 |
Total short-term liabilities | 303 760 | 341 298 | 310 692 | |
TOTAL LIABILITIES | 1 028 836 | 939 670 | 979 349 | |
1 |
Consolidated Profit and Loss Account
in thousand PLN
01/07/2022 | 01/01/2022 | 01/07/2021 | 01/01/2021 | |
Specification | 30/09/2022 | 30/09/2022 | 30/09/2021 | 30/09/2021 |
(unaudited) | (unaudited) | (unaudited) | (unaudited) | |
Sales revenues | 347 234 | 1 038 417 | 279 675 | 883 845 |
Prime costs of the sale | 287 619 | 853 132 | 226 163 | 714 600 |
Gross profit (loss) on sales | 59 615 | 185 285 | 53 512 | 169 245 |
Selling costs | 11 368 | 32 199 | 9 791 | 27 597 |
General and administrative costs | 35 689 | 96 629 | 32 844 | 92 029 |
Other operating revenues | 794 | 2 220 | 2 013 | 7 953 |
Other operating expenses | 424 | 1 793 | 3 534 | 8 375 |
Result on deconsolidation | -13 830 | -13 830 | ||
Profit/loss on operating activity | -902 | 43 054 | 9 356 | 49 197 |
Loss (gain) due to impairment (reversal of losses) on trade and other receivables in accordance with IFRS 9
Financial revenues Financial expenses
Gross profit/loss (before taxation)
Income tax
57 | 85 | -211 | -614 | ||||
2 175 | 3 521 | 833 | 3 335 | ||||
2 680 | 6 296 | 1 944 | 4 305 | ||||
-1 350 | 40 364 | 8 034 | 47 613 | ||||
-2 461 | -2 335 | 1 760 | 10 831 |
Net result | 1 111 | 42 699 | 6 274 | 36 782 |
attributable to: | ||||
shareholders of the parent company | 977 | 42 381 | 6 195 | 36 450 |
non-controlling shareholders | 134 | 318 | 79 | 332 |
Weighted average number of shares | 26 881 922 | 26 881 922 | ||
Earnings per share | 1,58 | 1,36 | ||
Diluted weighted average shares | 27 509 164 | 27 509 164 | ||
Diluted earnings per share | 1,54 | 1,33 |
2
Consolidated Cash Flow Statement
in thousand PLN
Specification | For the period from 01/01 to 30/09 | |||||
(unaudited) | ||||||
2022 | 2021 | |||||
Net profit | 42 699 | 36 782 | ||||
Total adjustments for: | 7 910 | 18 797 | ||||
Depreciation | 46 250 | 46 978 | ||||
Net foreign exchange rate profit and loss | 15 589 | 1 244 | ||||
Net interest and dividends | 2 862 | 2 107 | ||||
Income tax on profit before tax | 5 089 | 3 533 | ||||
Profit (loss) on investment activities | -13 341 | -37 | ||||
Change in provisions | 6 366 | 11 291 | ||||
Change in inventory | -29 296 | -36 132 | ||||
Change in receivables | -77 101 | -14 750 | ||||
Change in liabilities | 33 822 | 2 246 | ||||
Change in prepayments and deferred income | -7 172 | 5 335 | ||||
Other adjustments | 26 687 | 1 881 | ||||
Income tax paid | -1 845 | -4 899 | ||||
Net cash flows from operating activity | 50 609 | 55 579 | ||||
Inflows from sale of fixed assets and intangible and legal assets | 174 | 162 | ||||
Purchase of fixed assets and intangible and legal assets | -67 125 | -24 951 | ||||
Other investment cash flows | 8 583 | 33 527 | ||||
Środki pieniężne netto z działalności inwestycyjnej | -58 368 | 8 738 | ||||
Loans repayment | 3 117 | -42 793 | ||||
Paid interest | -2 862 | -2 107 | ||||
Acquisition of own shares | -11 177 | 0 | ||||
Financial expenditure on lease | -2 205 | -2 987 | ||||
Dividends paid to owners | 0 | -26 882 | ||||
Other revenues/expenses | -322 | 97 | ||||
Net cash flows from financing activity | -13 449 | -74 672 | ||||
Change in cash and cash equivalents | -21 208 | -10 355 | ||||
Net exchange differences in cash and cash equivalents | 3 | -2 | ||||
Opening balance of cash | 81 537 | 110 007 | ||||
Net change in cash | -21 205 | -10 357 | ||||
Closing balance of cash | 60 332 | 99 650 | ||||
including of limited disposability | 697 | 259 |
3
Financial Standing Statement of SANOK RC SA
in thousand PLN | |||
As at | |||
30.09.2022 | 31.12.2021 | 30.09.2021 | |
(unaudited) | (unaudited) | ||
Tangible fixed assets | 311 096 | 308 269 | 308 306 |
Intangible assets | 9 309 | 5 317 | 5 512 |
Other long-term accounts receivable | 3 408 | 2 822 | 2 752 |
Contract assets | 1 998 | 2 159 | 2 147 |
Shares | 79 160 | 98 883 | 40 841 |
Financial assets | 65 474 | 61 118 | 142 927 |
Deferred income tax assets | 33 763 | 27 232 | 22 285 |
Long-term active prepayments and accrued income | 599 | 508 | 502 |
Total fixed assets | 504 807 | 506 307 | 525 272 |
Stocks | 164 064 | 147 589 | 144 253 |
Trade accounts receivable | 191 695 | 132 796 | 137 438 |
Other short-term accounts receivable | 12 923 | 9 461 | 10 255 |
Contract assets | 235 | 235 | 235 |
Active prepayments and accrued income | 2 813 | 1 901 | 2 735 |
Financial assets | 1 954 | 14 786 | 22 503 |
Cash and cash equivalents | 49 909 | 68 730 | 82 016 |
Total current assets | 423 593 | 375 498 | 399 435 |
TOTAL ASSETS | 928 400 | 881 805 | 924 707 |
Share capital | 5 376 | 5 376 | 5 376 |
Own Shares | -11 177 | 0 | 0 |
Reserve funds | 1 792 | 1 792 | 1 792 |
Capital from the valuation of warrants | 6 291 | 6 291 | 6 291 |
Reserve capital for the Share Buyback Program | 15 000 | 0 | 0 |
Retained profit | 540 297 | 534 235 | 540 893 |
Total shareholders' equity | 557 579 | 547 694 | 554 352 |
Credits | 135 740 | 35 635 | 101 981 |
Financial liabilities | 12 478 | 11 863 | 13 342 |
Provisions | 20 768 | 19 985 | 20 335 |
Income from future periods | 33 | 34 | 34 |
Total long-term liabilities | 169 019 | 67 517 | 135 692 |
Credits and debt securities | 45 306 | 131 079 | 113 596 |
Trade liabilities | 95 222 | 77 832 | 72 141 |
Financial liabilities | 6 507 | 4 759 | 3 641 |
Other short-term liabilities | 9 279 | 12 046 | 9 408 |
Income tax liabilities | 0 | 1 | 1 |
Liabilities related to the contract | 3 120 | 3 691 | 3 393 |
Income from future periods | 1 067 | 389 | 167 |
Provisions | 41 301 | 36 796 | 32 316 |
Total short-term liabilities | 201 802 | 266 594 | 234 663 |
TOTAL LIABILITIES | 928 400 | 881 805 | 924 707 |
4
Profit and Loss Account of SANOK RC SA
in thousand PLN
01.07.2022 | 01.01.2022 | 01.07.2021 | 01.01.2021 | |||||
30.09.2022 | 30.09.2022 | 30.09.2021 | 30.09.2021 | |||||
(unaudited) | (unaudited) | (unaudited) | (unaudited) | |||||
Sales revenue | 238 682 | 720 761 | 189 568 | 608 953 | ||||
Cost of sales | 204 312 | 610 270 | 156 026 | 499 146 | ||||
Gross profit on sales | 34 370 | 110 491 | 33 542 | 109 807 | ||||
Selling cost | 3 790 | 11 120 | 3 790 | 10 184 | ||||
General and administrative expenses | 20 146 | 54 341 | 18 411 | 49 493 | ||||
Core business result | 10 435 | 45 030 | 11 341 | 50 130 | ||||
Other operating income | 294 | 1 279 | 1 214 | 5 314 | ||||
Other operating expenses | 322 | 1 449 | 142 | 759 | ||||
Operating result | 10 407 | 44 860 | 12 413 | 54 685 | ||||
Losses on write-downs (+) / gains on reversals of write-downs | -700 | -3 976 | 106 | -272 | ||||
under IFRS 9 (-) | ||||||||
Interest income | 1 740 | 4 295 | 1 612 | 4 746 | ||||
Financial income | 28 549 | 31 260 | 586 | 4 381 | ||||
Financial expenses | 30 728 | 65 277 | 2 139 | 4 764 | ||||
Pre-tax profit | 10 667 | 19 114 | 12 366 | 59 320 | ||||
Income tax | -2 568 | -3 131 | 1 826 | 10 590 | ||||
current | 1 051 | 3 122 | 233 | 1 890 | ||||
deferred | -1 869 | -1 602 | 1 251 | 372 | ||||
deferred (activities in Polish Investment Zone) | -1 750 | -4 651 | 342 | 8 328 | ||||
Net profit | 13 235 | 22 245 | 10 540 | 48 730 | ||||
Weighted-average number of shares | 26 881 922 | 26 881 922 | ||||||
Earnings per share | 0,83 | 1,81 | ||||||
Weighted-average diluted number of shares | 27 509 164 | 27509164 | ||||||
Diluted earnings per share | 0,81 | 1,77 |
5
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Sanok Rubber Company SA published this content on 15 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2022 08:30:05 UTC.