MOSTOSTAL GDAŃSK SA
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Semi-annual Report for 1999

(in T. PLN, exact to 100 PLN)
  
ASSETS 1998 1999
I. Fixed assets 47 550,9 64 508
1. Intangible assets 1 983,3 1 628
2. Tangible assets 33 193,5 39 702
3. Long-term investments 12 334,7 23 140
4. Long-term debtors 39,4 38
II. Current assets 28 486,9 77 286
1. Stocks 8 213,7 5 045
2. Current debtors 19 251,7 69 263
3. Temporary investments

-

-
4. Cash and cash equivalents 1 021,5 2 978
III. Deferred expenses 1 716,6 1 512
Total Assets 77 754,4 143 306
     
LIABILITIES AND SHAREHOLDERS' EQUITY    
I. Shareholders' equity 51 614,3 61 897
1. Share capital 10 000,0 10 000
2. Not paid-up share capital (negative value)

-

-
3. Reserve capital 34 298,9 41 157
4. Revaluation capital 4 650,9 4 607
5. Other reserve capital 100,5 100
6. Prior years' retained earnings (accumulated deficit)

-

 8
7. Net profit (loss) for the half-year 2 564,0 6 025
II. Provisions 483,9 444
III. Liabilities 24 582,3 79 023
1. Long-term creditors 3 660,9 3 627
2. Current creditors 20 921,4 75 396
IV. Accrued expenses and deferred income 1 073,9 1 942
Total liabilities and shareholders' equity 77 754,4 143 306
Profit and Loss Account    
As at 31 June 1998 1999
I. Turnover 73 881,6 158 349
1. Net sales of merchandise and materials 103,1 1 183
2. Net sales of products 73 778,5 157 166
II. Cost of sales 63 292,6 142 724
1. Cost of merchandise and materials sold 101,8 883
2. Cost of products sold 63 190,8 141 841
III. Gross profit (loss) on sales 10 589,0 15 625
IV. Distribution costs

-

-
V. General administrative expenses 5 272,1 6 340
VI. Profit (loss) on sales 5 316,9 9 285
VII. Other operating income 149,5 1 386
VIII. Other operating expenses 470,0 1 444
IX. Operating profit (loss) 4 996,4 9 227
X. Dividend income, including that from: - -
XI. Income on other long-term investments, including that from: - -
XII. Other financial income 9 746,0 7 037 
XIII. Financial expenses 11 028,4  7 261
XIV. Profit (loss) on ordinary activities 3 714,0  9 003
XV. Extraordinary items -21,0 (16)
1. Extraordinary income 211,3  30
2. Extraordinary charges 232,3  46
XVI. Profit (Loss) before taxation 3 693,0  8 987
XVII. Corporation income tax 1 129,0  2 962
XVIII. Other obligatory profit decreases (loss increases) -  -
XIX. Net profit (loss) for the half-year 2 564,0  6 025
     
Cash Flow Statement    
As at 31 June 1998 1999
A. CASH FLOWS - OPERATING ACTIVITIES    
I. Net profit (loss) for the half-year 2 564,0  6 025
II. Total adjustments 1 866,6  (2 596)
1. Depreciation and amortisation 2 592,6 2 786 
2. Gain (loss) on exchange rate differences -37,9 285 
3. Interest and dividends received and paid 845,0 1 327 
4. Provisions for doubtful debts 355,8  
5. Other reserves -90,9 (340)
6. Corporation income tax on profit before taxation 1 129,0 2 962 
7. Corporation income tax paid -1 022,1 (2 949) 
8. (Gain) loss on disposal of investments 211,3  (43)
9. Change in stocks -3 896,7 5 140 
10. Change in current debtors 1 044,4 29 819 
11. Change in current creditors (except loans and bank credits), including special funds 1 963,9 19 253 
12. Change in deferred and accrued expenses -1 367,7 248 
13. Change in deffered income 139,9 (1 451) 
14. Other items

-

 5 
     
B. CASH FLOWS - INVESTING ACTIVITIES    
I. Cash inflow from investing activities 8 001,1 7 520
1. Sales of intangible assets

-

  24
2. Sales of tangible assets -14,1 1 152
3. Disposal of shares and other securities of subsidiary undertakings -  6 324
4. Disposal of shares and other securities of associated undertakings -

 -
5. Disposal of other long-term investments -

- 
6. Disposal of temporary investments 7 765,9

- 
7. Loans collected - - 
8. Dividends received - - 
9. Interest received 211,4 20
10. Other income 37,9

 -
II. Cash outflow from investing activities 13 619,2 19 235
1. Purchases of intangible assets 220,1  43
2. Purchases of tangible assets 8 125,5  7 838
3. Acquisition of shares and other securities of subsidiary undertakings 5 263,9  11 349
4. Acquisition of shares and other securities of associated undertakings -  -
5. Acquisition of other long-term investments -  -
6. Acquisition of temporary investments -  -
7. Loans granted -  -
8. Dividends repaid -  -
9. Interest repaid -  -
10. Other expenses 9,7  5
     
C. CASH FLOWS - FINANCING ACTIVITIES    
I. Cash inflow from financing activities 2 866,3  15 475
1. Long-term bank credits contracted -  1 270
2. Long-term loans contracted - -
3. Issuances of bonds or other long-term notes payable -  -
4. Current bank credits contracted 2 838,8 13 972 
5. Current loans contracted -  -
6. Issuances of bonds or other current commercial paper -  -
7. Shares issued and share premium -  -
8. Interest repaid 27,5 233 
II. Cash outflow from financing activities 1 738,0 4 806 
1. Payments of long-term bank credits and loans 466,8 467 
2. Redemption of bonds and other long-term notes payable -

 -
3. Payments of current bank credits -  1 630
4. Redemption of bonds or other current commercial paper -  526
5. Issuance expenses - -
6. Shares retired -  -
7. Dividends and other payments to shareholders -

 -
8. Supervisory Board remuneration -

 -
9. Charitable contributions -  -
10. Finance lease commitments paid 185,0  185
11. Interest paid 1 086,2  1 580
12. Other expenses

-

  418
     
D. NET CHANGE IN CASH AND CASH EQUIVALENTS (AIII+BIII+CIII) 1 128,3  
E. CASH AND CASH EQUIVALENTS - BEGINNING OF YEAR 1 080,7 595 
F. CASH AND CASH EQUIVALENTS - END OF YEAR (D+E) 1 021,5  2 978

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Ostatnia aktualizacja 98-09-19
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