BALANCE SHEET OF SANOK RC SA
(Financial report as of the end of period) - in thousand PLN
As at | 31.12.2023 | ||
31.12.2024 | |||
Tangible fixed assets | 344 736 | 305 894 | |
Intangible assets | 8 552 | 11 254 | |
Other long-term accounts receivable | 3 078 | 2 821 | |
Contract assets | 1 219 | 1 749 | |
Shares | 211 888 | 91 913 | |
Financial assets | 50 469 | 47 934 | |
Deferred income tax assets | 35 127 | 34 833 | |
Long-term active prepayments and accrued income | 762 | 429 | |
Total fixed assets | 655 831 | 496 827 | |
Stocks | 138 937 | 150 092 | |
Trade accounts receivable | 148 216 | 163 531 | |
Other short-term accounts receivable | 11 730 | 11 440 | |
Contract assets | 43 | 255 | |
Active prepayments and accrued income | 2 183 | 2 170 | |
Financial assets | 58 780 | 5 583 | |
Cash and cash equivalents | 24 954 | 106 544 | |
Total current assets | 384 843 | 439 615 | |
TOTAL ASSETS | 1 040 674 | 936 442 |
Share capital | 5 376 | 5 376 |
Own Shares | -40 173 | -11 230 |
Statutory reserve capital | 1 792 | 1 792 |
Capital from the valuation of the incentive program | 1 347 | 1 118 |
Reserve capital for the share buyback program | 49 230 | 49 230 |
Retained profit | 590 584 | 563 154 |
Total shareholders' equity | 608 156 | 609 440 |
Credits | 262 142 | 98 318 |
Long-term provisions | 13 364 | 13 837 |
Financial liabilities due to leasing | 12 403 | 14 724 |
Income from future periods | 27 | 29 |
Total long-term liabilities | 287 936 | 126 908 |
Credits and debt securities | 17 992 | 35 393 |
Trade liabilities | 59 542 | 76 173 |
Other financial liabilities | 1 653 | 0 |
Financial liabilities | 2 834 | 2 504 |
Other short-term liabilities | 24 732 | 20 426 |
Income tax liabilities | 2 | 295 |
Liabilities related to the contract | 4 155 | 6 517 |
Income from future periods | 3 | 477 |
Provisions | 33 669 | 58 309 |
Total short-term liabilities | 144 582 | 200 094 |
TOTAL LIABILITIES | 1 040 674 | 936 442 |
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PROFIT AND LOSS ACCOUNT OF SANOK RC SA
in thousand PLN | ||||
01.01.2024 | 01.01.2023 | |||
31.12.2024 | 31.12.2023 | |||
Sales revenue | 910 978 | 1 042 172 | ||
Costs of the sales | 753 737 | 874 691 | ||
Gross profit on sales | 157 241 | 167 481 | ||
Selling costs | 13 400 | 14 734 | ||
General and administrative costs | 90 087 | 92 490 | ||
Core business result | 53 754 | 60 257 | ||
Other operating revenues | 3 407 | 8 418 | ||
Other operating expenses | 2 501 | 1 620 | ||
Operating result | 54 660 | 67 055 | ||
Loss (reversal of losses) due to impairment on trade and other receivables in accordance with | 1 932 | 563 | ||
IFRS 9 | ||||
Interest revenues | 6 914 | 9 949 | ||
Financial revenues | 18 955 | 8 799 | ||
Financial expenses | 20 253 | 12 137 | ||
Pre-tax profit | 58 344 | 73 103 | ||
Income tax | 1 631 | 5 375 | ||
current | 2 012 | 7 641 | ||
deferred | 5 693 | -1 733 | ||
deferred (activities in Polish Investment Zone) | -6 074 | -533 | ||
Net profit | 56 713 | 67 728 | ||
Weighted-average number of shares | 24 904 352 | 26 075 465 | ||
Earnings per share | 2,28 | 2,60 | ||
Weighted-average diluted number of shares | 25 570 499 | 26 881 922 | ||
Diluted earnings per share | 2,22 | 2,52 |
Revenue from sales of products | 879 635 | 1 026 505 |
Revenue from sales of goods and materials | 9 526 | 6 552 |
Other revenues | 21 817 | 9 115 |
Total sales revenue including | 910 978 | 1 042 172 |
of witch | ||
revenue generated locally | 273 604 | 335 439 |
revenues from foreign contractors | 637 374 | 706 733 |
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CASH FLOW STATEMENT OF SANOK RC SA
in thousand PLN | |||||
For the period from 01.01 to 31.12 | |||||
2024 | 2023 | ||||
Net profit | 56 713 | 67 728 | |||
Total adjustments: | 36 560 | 88 656 | |||
− | Depreciation | 51 548 | 53 725 | ||
− | Net foreign exchange (gains) losses | -5 636 | -9 052 | ||
− | Net interest and dividends | -3 344 | -412 | ||
− | Income tax on profit before taxation | 2 012 | 7 641 | ||
− | (Profit) losses from investing activities | 4 360 | 1 321 | ||
− | Change in provisions | -25 111 | 10 289 | ||
− | Change in stocks | 11 155 | 21 450 | ||
− | Change in accounts receivable | 14 031 | 14 032 | ||
− | Change in liabilities | -18 045 | -8 165 | ||
− | Change in active prepayments and accrued income | -1 116 | -3 309 | ||
− | Other adjustments | 10 033 | 8 089 | ||
− | Income tax paid | -3 327 | -6 953 | ||
Net cash from operating activities | 93 273 | 156 384 | |||
Income from sales of tangible and intangible fixed assets | 26 | 1 354 | |||
Income from financial assets | 13 352 | 839 | |||
Income from repayment of loans | 3 727 | 9 854 | |||
Income from repayment of interest on loans | 1 671 | 1 801 | |||
Other investing cash inflow | 442 | 0 | |||
Acquisition of tangible and intangible fixed assets | -88 718 | -47 926 | |||
Acquisition of the CO2 emission rights | -6 316 | -11 633 | |||
Outflows for financial assets | -178 243 | -12 534 | |||
Expenses/receipts. deposits over 3 months | 1 475 | -1 475 | |||
Net cash from investing activities | -252 584 | -59 720 | |||
Repayment of credits | 150 857 | -28 791 | |||
Acquisition of own shares | -32 308 | 0 | |||
Inflows from the implementation of the incentive program | 3 365 | 0 | |||
Interest paid | -11 824 | -7 059 | |||
Dividend paid | -29 969 | -31 291 | |||
Financial expenses (leasing) | -2 411 | -1 977 | |||
Net cash from financing activities | 77 710 | -69 118 | |||
Change in cash | -81 601 | 27 546 | |||
Change in cash resulting from foreign exchange differences | 11 | 1 | |||
Cash at beginning of period | 106 544 | 78 997 | |||
Change in net cash | -81 590 | 27 547 | |||
Cash at end of period | 24 954 | 106 544 | |||
including restricted cash | 228 | 810 |
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