BALANCE SHEET OF SANOK RC SA
(Financial report as of the end of period) - in thousand PLN
As at | 31.12.2022 | ||
31.12.2023 | |||
Tangible fixed assets | 305 894 | 304 280 | |
Intangible assets | 11 254 | 9 634 | |
Other long-term accounts receivable | 2 821 | 3 046 | |
Contract assets | 1 749 | 1 928 | |
Shares | 91 913 | 79 160 | |
Financial assets | 47 934 | 44 503 | |
Deferred income tax assets | 34 833 | 32 296 | |
Long-term active prepayments and accrued income | 429 | 570 | |
Total fixed assets | 496 827 | 475 417 | |
Stocks | 150 092 | 171 543 | |
Trade accounts receivable | 163 531 | 175 385 | |
Other short-term accounts receivable | 11 440 | 11 102 | |
Contract assets | 255 | 235 | |
Active prepayments and accrued income | 2 170 | 1 831 | |
Financial assets | 5 583 | 21 767 | |
Cash and cash equivalents | 106 544 | 78 997 | |
Total current assets | 439 615 | 460 860 | |
TOTAL ASSETS | 936 442 | 936 277 | |
Share capital | 5 376 | 5 376 | |
Own Shares | -11 230 | -11 230 | |
Reserve funds | 1 792 | 1 792 | |
Capital from the valuation of warrants | 1 118 | 6 297 | |
Reserve capital for the share buyback program | 49 230 | 15 000 | |
Retained profit | 563 154 | 556 129 | |
Total shareholders' equity | 609 440 | 573 364 | |
Credits | 98 318 | 175 198 | |
Financial liabilities | 13 837 | 12 751 | |
Provisions | 14 724 | 18 236 | |
Income from future periods | 29 | 33 | |
Total long-term liabilities | 126 908 | 206 218 | |
Credits and debt securities | 35 393 | 0 | |
Trade liabilities | 76 173 | 88 270 | |
Financial liabilities | 2 504 | 3 192 | |
Other short-term liabilities | 20 426 | 11 816 | |
Income tax liabilities | 295 | 1 | |
Liabilities related to the contract | 6 517 | 3 263 | |
Income from future periods | 477 | 1 048 | |
Provisions | 58 309 | 49 105 | |
Total short-term liabilities | 200 094 | 156 695 | |
TOTAL LIABILITIES | 936 442 | 936 277 | |
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PROFIT AND LOSS ACCOUNT OF SANOK RC SA
in thousand PLN | ||
01.01.2023 | 01.01.2022 | |
31.12.2023 | 31.12.2022 | |
Sales revenue | 1 042 172 | 968 768 |
Cost of sales | 874 691 | 818 025 |
Gross profit on sales | 167 481 | 150 743 |
Selling cost | 14 734 | 15 173 |
General and administrative expenses | 92 490 | 76 181 |
Core business result | 60 257 | 59 389 |
Other operating income | 8 418 | 3 119 |
Other operating expenses | 1 620 | 3 249 |
Operating result | 67 055 | 59 259 |
Losses on write-downs (+) / gains on reversals of write-downs under IFRS 9 (-) | 563 | -3 545 |
Interest income | 9 949 | 6 494 |
Financial income | 8 799 | 5 366 |
Financial expenses | 12 137 | 35 976 |
Pre-tax profit | 73 103 | 38 688 |
Income tax | 5 375 | 151 |
current | 7 641 | 4 829 |
deferred | -1 733 | -1 106 |
deferred (activities in Polish Investment Zone) | -533 | -3 572 |
Net profit | 67 728 | 38 537 |
Weighted-average number of shares | 26 075 465 | 26 607 948 |
Earnings per share | 2,60 | 1,45 |
Weighted-average diluted number of shares | 26 881 922 | 27 239 609 |
Diluted earnings per share | 2,52 | 1,41 |
Revenue from sales of products | 1 026 505 | 931 555 |
Revenue from sales of goods and materials | 6 552 | 4 132 |
Other revenues | 9 115 | 33 081 |
Total sales revenue including | 1 042 172 | 968 768 |
of witch | ||
revenue generated locally | 335 439 | 311 167 |
revenues from foreign contractors | 706 733 | 657 601 |
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CASH FLOW STATEMENT OF SANOK RC SA
in thousand PLN | |||||
For the period from 01.01 to 31.12 | |||||
2022 | |||||
2023 | |||||
Net profit | 67 728 | 38 537 | |||
Total adjustments: | 88 656 | 41 339 | |||
− | Depreciation | 53 725 | 51 265 | ||
− | Net foreign exchange (gains) losses | -9 052 | 125 | ||
− | Net interest and dividends | -412 | -4 228 | ||
− | Income tax on profit before taxation | 7 641 | 4 829 | ||
− | (Gains) losses from investing activities | 1 321 | 31 457 | ||
− | Change in provisions | 10 289 | 13 197 | ||
− | Change in stocks | 21 450 | -23 954 | ||
− | Change in accounts receivable | 14 032 | -45 265 | ||
− | Change in liabilities | -8 165 | 11 221 | ||
− | Change in active prepayments and accrued income | -3 309 | -4 399 | ||
− | Other adjustments | 8 089 | 10 878 | ||
− | Income tax paid | -6 953 | -3 786 | ||
Net cash from operating activities | 156 384 | 79 876 | |||
Income from sales of tangible and intangible fixed assets | 1 354 | 69 | |||
Income from financial assets | 839 | 2 806 | |||
Income from repayment of loans | 9 854 | 2 304 | |||
Income from repayment of interest on loans | 1 801 | 377 | |||
Acquisition of tangible and intangible fixed assets | -47 926 | -47 793 | |||
Acquisition of the CO2 emission rights | -11 633 | -17 302 | |||
Outflows for financial assets | -12 534 | 0 | |||
Expenses/receipts. deposits over 3 months | -1 475 | 0 | |||
Net cash from investing activities | -59 720 | -59 539 | |||
Proceeds from credits taken | 0 | 97 898 | |||
Repayment of credits | -28 791 | -91 656 | |||
Acquisition of own shares | 0 | -11 230 | |||
Interest paid | -7 059 | -2 680 | |||
Dividend paid | -31 291 | 0 | |||
Financial expenses (leasing) | -1 977 | -2 392 | |||
Net cash from financing activities | -69 118 | -10 060 | |||
Change in cash | 27 546 | 10 277 | |||
Change in cash resulting from foreign exchange differences | 1 | -10 | |||
Cash at beginning of period | 78 997 | 68 730 | |||
Change in net cash | 27 547 | 10 267 | |||
Cash at end of period | 106 544 | 78 997 | |||
including restricted cash | 810 | 232 |
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