Balance Sheet (in thousands of PLN)

Note

2001

2000

ASSETS

 

 

 

1.      Fixed assets

 

131 490

100 327

a.       Intangible and legal assets

1

5 735

6 256

b.      Tangible fixed assets

2

53 641

58 483

c.       Financial fixed assets

3

37 230

33 985

d.      Long-term accounts receivable

4

34 884

1 603

2.      Current assets

 

127 613

134 613

a.       Inventories

5

21 446

21 099

b.      Accounts receivable

6

104 794

109 674

c.       Own tradeable shares

7

0

0

d.      Securities subject to turnover

8

0

3 038

e.       Cash in bank & in hand

9

1 373

802

3.      Deferred expenses

10

5 531

2 272

a.       Deferred income tax related expenses

 

2 021

534

b.      Other deferred expenses

 

3 510

1 738

Total assets

 

264 634

237 212

Liabilities

 

 

 

1.      Equity

 

76 321

75 645

a.       Share capital

11

10 000

10 000

b.      Payments due on account of capital (negative value)

 

0

0

c.       Reserve capital

12

60 668

50 638

d.      Reserve capital on revaluation

 

4 451

4 468

e.       Other reserve capital

13

101

101

f.        Exchange rate changes from foreign division calculations

 

1 049

426

g.       Undivided profit/not covered (loss) of prior years

14

0

0

h.       Net profit (loss)

 

52

10 012

2.      Reserves

 

1 919

1 080

a.       Income tax related reserves

15

1 657

60

b.      Other reserves

16

262

1 020

3.      Liabilities

 

180 761

149 304

a.       Long-term liabilities

17

40 303

34 151

b.      Short-tern liabilities

18

140 458

115 153

4.      Accruals and deferred income

19

5 633

11 183

Total liabilities

 

264 634

237 212

 

 

 

 

Net book value

 

76 321

75 645

Number of shares

 

4 000 000

4 000 000

Net book value per share (in PLN)

20

19,08

18,91

Forecast number of shares

 

0

0

Diluted book value per share (in PLN)

20

0

0

 

 

 

 

Profit and loss account (in thousands of PLN)

 

2001

2000

I. Net income on sales of goods and products

 

319 143

193 225

1.      Net income on products sold

21

317 631

190 549

2.      Net income on merchandise and materials sold

22

1 512

2 676

II. Cost of merchandise and products sold

 

291 336

174 519

1.      Cost of  manufacture of products sold

23

289 826

171 841

2.      Value of merchandise and materials sold

 

1 510

2 678

III. Gross profit (loss) on sales (I-II)

 

27 807

18 706

IV. Cost on sales

 

0

0

V. General management costs

 

12 318

14 425

VI. Profit (loss) on sales (II-IV-V)

 

15 489

4 281

VII. Other operating income

24

5 441

43 854

VIII. Other operating costs

25

5 602

29 418

IX. Profit (loss) on operating activity (VI+VII-VIII)

 

15 328

18 717

X. Income on shares in other entities

26

0

3 571

XI. Income on remaining financial fixed assets

27

0

0

XII. Other financial income

28

5 828

2 870

XIII. Financial costs

29

19 937

12 529

XIV. Profit (loss) on economic activity (IX+X+XI+XII+XIII)

 

1 219

12 629

XV. Extraordinary profits and losses (XV.1 – XV.2)

 

100

16

1.      Extraordinary profits

30

369

162

2.      Extraordinary losses

31

269

146

XVI. Gross profit (loss)

 

1 319

12 645

XVII. Corporate and personal income tax

32

1 267

2 633

XVIII. Other obligatory expenses decreasing profit (increasing loss)

33

 

 

XIX. Net profit (loss)

 

52

10 012

 

 

 

 

Net profit (loss) (for 12 months)

 

52

10 012

Average number of ordinary shares

 

4 000 000

4 000 000

Net profit (loss) per ordinary share (in PLN)

35

0,01

2,50

Weighed average forecast number of ordinary shares

 

 

 

Diluted profit (loss) per one ordinary share (in PLN)

35

 

 

 

 

 

 

Cashflow on operating activity (in thousands of PLN)

 

2001

2000

A.     Cashflow on operating activity (I+/-II)

 

1 325

-18 346

I.Net profit (loss)

 

52

10 012

II. Total increase including

 

1 273

-28 358

1.      Depreciation

 

6 328

5 964

2.      Profit (loss) on change in currency exchange rates

 

623

452

3.      Interests and dividends

 

14 124

6 403

4.      (Profit) loss on investment activity

 

7 102

-9 337

5.      Change in other reserves

 

1 549

1 043

6.      Profit related income tax (indicated in profit and loss account)

 

1 268

2 633

7.      Income tax paid

 

-1 072

-1 674

8.      Change in inventories

 

-347

-12 410

9.      Change in accounts receivable

 

-30 709

-88 461

10.  Change in short-term liabilities (except loans and credits)

 

9 694

58 707

11.  Change in deferred expenses

 

-2 962

376

12.  Change in accruals and deferred income

 

-4 359

8 319

13.  Other items

 

34

-373

B.     Cashflow on investment activity (I-II)

 

-8 340

-10 770

I. Income on investment activity

 

4 780

46 738

1.      Intangible and legal assets sold

 

 

298

2.      Tangible assets sold

 

854

42 302

3.      Financial assets sold, including assets:

 

119

0

·        In dependent entities

 

119

0

·        In affiliated entities

 

 

0

·        In dominating entity

 

 

0

4.      Stocks or other marketable shares sold

 

3 227

0

5.      Long term loans paid

 

480

480

6.      Dividends received

 

 

3 571

7.      Interests received

 

32

52

8.      other income

 

68

35

II. Expenses on investment activity

 

13 120

57 508

1. Intangible and legal assets acquired

 

155

5 300

2. Tangible assets acquired

 

8 640

40 338

3. Financial tangible assets acquired including assets in:

 

3 725

8 671

·        In dependent entities

 

3 725

8 671

·        In affiliated entities

 

 

0

·        In dominating entity

 

 

0

4. Own shares acquired

 

 

0

5. Stocks or other marketable shares acquired

 

 

3 199

6. Loans obtained

 

0

0

7. Other expenses

 

600

0

C.     Cashflow on financial activity (I-II)

 

7 586

29 260

I.  Income on financial activity

 

84 270

64 937

1.      Long-term bank credits and loans drawn

 

 

0

2.      Long-term maturity bonds or other securities issued

 

 

30 000

3.      Short-term bank credits drawn

 

39 413

28 150

4.      Short-term maturity bonds or other securities issued

 

44 857

5 393

5.      Income on shares issue or rasing of capital

 

 

0

6.      Increase of capital

 

 

0

7.      Other income

 

0

1 394

II. Expenses on financial activity

 

76 684

35 677

1.      Long-term bank credits and loans paid

 

1 548

1 581

2.      Long-term maturity bonds or other securities repaid

 

 

0

3.      Short-term bank credits and loans paid

 

19 858

7 603

4.      Short-term maturity bonds or other securities repaid

 

40 518

14 901

5.      Expenses on shares issue

 

 

0

6.      Shares write off

 

 

0

7.      Dividend and other related payments paid

 

 

0

8.      Royalties for the Supervisory Board

 

 

0

9.      Community related expenses

 

 

0

10.  Financial leasing obligations paid

 

370

370

11.  Interests payable

 

14 156

11 001

        12.  Other expenses

 

234

221

D.     Total net cashflow (A+/B+/-C)

 

571

144

E.      Change in net financial resources

 

571

144

- including currency exchange related change in financial resources

 

0

0

F.      Cash at the beginning of report period

 

802

658

G.     Cash at the end of report period (F+/-D)

 

1 373

802