(in T. PLN, exact to 100 PLN)
| ASSETS |
|
|
| I. Fixed assets |
26 144,3 |
47 550,9 |
| 1. Intangible assets |
582,1 |
1 983,3 |
| 2. Tangible assets |
|
33 193,5 |
| 3. Long-term investments |
102,4 |
12 334,7 |
| 4. Long-term debtors |
0,0 |
39,4 |
| II. Current assets |
22 958,9 |
28 486,9 |
| 1. Stocks |
6 749,7 |
8 213,7 |
| 2. Current debtors |
15 273,9 |
19 251,7 |
| 3. Temporary investments |
0,0 |
0,0 |
| 4. Cash and cash equivalents |
935,3 |
1 021,5 |
| III. Deferred expenses |
504,3 |
1 716,6 |
| Total Assets |
49 607,5 |
77 754,4 |
| |
|
|
| LIABILITIES AND SHAREHOLDERS' EQUITY |
|
|
| I. Shareholders' equity |
22 089,4 |
51 614,3 |
| 1. Share capital |
6 500,0 |
10 000,0 |
| 2. Not paid-up share capital (negative value) |
0,0 |
0,0 |
| 3. Reserve capital |
8 706,3 |
34 298,9 |
| 4. Revaluation capital |
4 762,8 |
4 650,9 |
| 5. Other reserve capital |
100,5 |
100,5 |
| 6. Prior years' retained earnings (accumulated deficit) |
0,0 |
0,0 |
| 7. Net profit (loss) for the half-year |
2 019,8 |
2 564,0 |
| II. Provisions |
415,8 |
483,9 |
| III. Liabilities |
25 405,2 |
24 582,3 |
| 1. Long-term creditors |
4 964,8 |
3 660,9 |
| 2. Current creditors |
20 440,4 |
20 921,4 |
| IV. Accrued expenses and deferred income |
1 697,1 |
1 073,9 |
| Total liabilities and shareholders' equity |
49 607,5 |
77 754,4 |
| Profit and Loss Account |
|
|
| As at 31 June |
1997 |
1998 |
| I. Turnover |
48 861,1 |
73 881,6 |
| 1. Net sales of merchandise and materials |
85,9 |
103,1 |
| 2. Net sales of products |
48 775,2 |
73 778,5 |
| II. Cost of sales |
40 959,1 |
63 292,6 |
| 1. Cost of merchandise and materials sold |
82,4 |
101,8 |
| 2. Cost of products sold |
40 876,7 |
63 190,8 |
| III. Gross profit (loss) on sales |
7 902,0 |
10 589,0 |
| IV. Distribution costs |
0,0 |
0,0 |
| V. General administrative expenses |
3 948,4 |
5 272,1 |
| VI. Profit (loss) on sales |
3 953,6 |
5 316,9 |
| VII. Other operating income |
162,1 |
149,5 |
| VIII. Other operating expenses |
69,0 |
470,0 |
| IX. Operating profit (loss) |
4 046,7 |
4 996,4 |
| X. Dividend income, including that from: |
0,0 |
0,0 |
| 1. subsidiary undertakings |
- |
- |
| 2. associated undertakings |
- |
- |
| XI. Income on other long-term investments, including that from: |
0,0 |
0,0 |
| 1. subsidiary undertakings |
- |
- |
| 2. associated undertakings |
- |
- |
| 3. the parent company |
- |
- |
| XII. Other financial income |
4 454,8 |
9 746,0 |
| XIII. Financial expenses |
5 776,7 |
11 028,4 |
| XIV. Profit (loss) on ordinary activities |
2 724,8 |
3 714,0 |
| XV. Extraordinary items |
-7,5 |
-21,0 |
| 1. Extraordinary income |
10,4 |
211,3 |
| 2. Extraordinary charges |
17,9 |
232,3 |
| XVI. Profit (Loss) before taxation |
2 717,3 |
3 693,0 |
| XVII. Corporation income tax |
697,5 |
1 129,0 |
| XVIII. Other obligatory profit decreases (loss increases) |
0,0 |
0,0 |
| XIX. Net profit (loss) for the half-year |
2 019,8 |
2 564,0 |
| |
|
|
| Cash Flow Statement |
|
|
| As at 31 June |
1997 |
1998 |
| A. CASH FLOWS - OPERATING ACTIVITIES |
|
|
| I. Net profit (loss) for the half-year |
2 019,8 |
2 564,0 |
| II. Total adjustments |
2 444,7 |
1 866,6 |
| 1. Depreciation and amortisation |
1 783,1 |
2 592,6 |
| 2. Gain (loss) on exchange rate differences |
0,0 |
-37,9 |
| 3. Interest and dividends received and paid |
1 254,7 |
845,0 |
| 4. Provisions for doubtful debts |
-1,0 |
355,8 |
| 5. Other reserves |
0,0 |
-90,9 |
| 6. Corporation income tax on profit before taxation |
697,6 |
1 129,0 |
| 7. Corporation income tax paid |
-791,9 |
-1 022,1 |
| 8. (Gain) loss on disposal of investments |
15,0 |
211,3 |
| 9. Change in stocks |
2 386,2 |
-3 896,7 |
| 10. Change in current debtors |
1 279,8 |
1 044,4 |
| 11. Change in current creditors (except loans and bank credits), including
special funds |
-3 517,2 |
1 963,9 |
| 12. Change in deferred and accrued expenses |
-248,8 |
-1 367,7 |
| 13. Change in deffered income |
-412,8 |
139,9 |
| 14. Other items |
0,0 |
0,0 |
| III. Net cash inflow (outflow) from operating activities |
4 464,5 |
4 430,6 |
| |
|
|
| B. CASH FLOWS - INVESTING ACTIVITIES |
|
|
| I. Cash inflow from investing activities |
0,8 |
8 001,1 |
| 1. Sales of intangible assets |
0,0 |
0,0 |
| 2. Sales of tangible assets |
0,8 |
-14,1 |
| 3. Disposal of shares and other securities of subsidiary undertakings |
0,0 |
0,0 |
| 4. Disposal of shares and other securities of associated undertakings |
0,0 |
0,0 |
| 5. Disposal of other long-term investments |
0,0 |
0,0 |
| 6. Disposal of temporary investments |
0,0 |
7 765,9 |
| 7. Loans collected |
0,0 |
0,0 |
| 8. Dividends received |
0,0 |
0,0 |
| 9. Interest received |
0,0 |
211,4 |
| 10. Other income |
0,0 |
37,9 |
| II. Cash outflow from investing activities |
9 094,6 |
13 619,2 |
| 1. Purchases of intangible assets |
235,5 |
220,1 |
| 2. Purchases of tangible assets |
8 791,4 |
8 125,5 |
| 3. Acquisition of shares and other securities of subsidiary undertakings |
0,0 |
5 263,9 |
| 4. Acquisition of shares and other securities of associated undertakings |
0,0 |
0,0 |
| 5. Acquisition of other long-term investments |
0,0 |
0,0 |
| 6. Acquisition of temporary investments |
0,0 |
0,0 |
| 7. Loans granted |
0,0 |
0,0 |
| 8. Dividends repaid |
0,0 |
0,0 |
| 9. Interest repaid |
0,0 |
0,0 |
| 10. Other expenses |
67,7 |
9,7 |
| III. Net cash inflow (outflow) from investing activities |
-9 093,8 |
-5 618,1 |
| |
|
|
| C. CASH FLOWS - FINANCING ACTIVITIES |
|
|
| I. Cash inflow from financing activities |
5 550,3 |
2 866,3 |
| 1. Long-term bank credits contracted |
3 536,1 |
0,0 |
| 2. Long-term loans contracted |
0,0 |
0,0 |
| 3. Issuances of bonds or other long-term notes payable |
0,0 |
0,0 |
| 4. Current bank credits contracted |
2 014,2 |
2 838,8 |
| 5. Current loans contracted |
0,0 |
0,0 |
| 6. Issuances of bonds or other current commercial paper |
0,0 |
0,0 |
| 7. Shares issued and share premium |
0,0 |
0,0 |
| 8. Interest repaid |
0,0 |
27,5 |
| 9. Other income |
0,0 |
0,0 |
| II. Cash outflow from financing activities |
1 457,2 |
1 738,0 |
| 1. Payments of long-term bank credits |
0,0 |
466,8 |
| 2. Payments of long-term loans |
0,0 |
0,0 |
| 3. Redemption of bonds and other long-term notes payable |
0,0 |
0,0 |
| 4. Payments of current bank credits |
0,0 |
0,0 |
| 5. Payments of current loans |
0,0 |
0,0 |
| 6. Redemption of bonds or other current commercial paper |
0,0 |
0,0 |
| 7. Issuance expenses |
0,0 |
0,0 |
| 8. Shares retired |
0,0 |
0,0 |
| 9. Dividends and other payments to shareholders |
0,0 |
0,0 |
| 10. Supervisory Board remuneration |
0,0 |
0,0 |
| 11. Employee bonuses from net profit |
0,0 |
0,0 |
| 12. Charitable contributions |
0,0 |
0,0 |
| 13. Finance lease commitments paid |
188,7 |
185,0 |
| 14. Interest paid |
1 268,5 |
1 086,2 |
| 15. Other expenses |
0,0 |
0,0 |
| III. Net cash inflow (outflow) from investing activities |
4 093,1 |
1 128,3 |
| |
|
|
| D. NET CHANGE IN CASH AND CASH EQUIVALENTS (AIII+BIII+CIII) |
4 093,1 |
1 128,3 |
| E. CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR |
1 471,5 |
1 080,7 |
| F. CASH AND CASH EQUIVALENTS - END OF YEAR (D+E) |
5 564,6 |
1 021,5 |
