CONSOLIDATED BALANCE SHEET
(Financial report as of the end of period) - in thousand PLN | ||
As at | ||
Specification | 31/12/2023 | 31/12/2022 |
restated | ||
Tangible fixed assets | 386 784 | 380 069 |
Investment properties | 3 813 | 3 681 |
Goodwill | 9 770 | 297 |
Non-tangible assets other than goodwill | 11 940 | 10 610 |
Long-term receivables | 3 486 | 3 046 |
Contract assets | 1 749 | 1 928 |
Financial assets | 6 | 6 |
Deferred income tax assets | 41 889 | 40 717 |
Long-term prepayments | 1 964 | 3 084 |
Total fixed assets | 461 401 | 443 438 |
Inventory | 248 398 | 269 621 |
Trade receivables | 176 820 | 189 527 |
Other short-term receivables | 14 537 | 14 440 |
Income tax receivables | 458 | 368 |
Contract assets | 256 | 235 |
Prepayments | 2 901 | 2 637 |
Financial assets | 1 475 | 1 439 |
Cash | 122 985 | 91 582 |
Assets classified as held for sale | 563 | 3 260 |
Total current assets | 568 393 | 573 109 |
TOTAL ASSETS | 1 029 794 | 1 016 547 |
Share capital | 5 376 | 5 376 |
Own Shares | -11 230 | -11 230 |
Valuation of warrants (incentive scheme) | 1 118 | 6 297 |
Reserve capital for the incentive program | 49 230 | 15 000 |
Statutory reserve capital | 1 792 | 1 792 |
Retained profits | 556 063 | 542 867 |
Exchange rate differences | -13 565 | -13 179 |
Total equity of the Parent Company | 588 784 | 546 923 |
Non-controlling interests | 4 349 | 482 |
Overall equity of the Parent Company and non-controlling interests | 593 133 | 547 405 |
Credits and debt securities | 110 887 | 179 925 |
Long-term provisions for employee benefits | 19 220 | 18 249 |
Deferred income | 7 101 | 5 970 |
Provision for deferred tax | 512 | 212 |
Long-term liabilities | 204 | 0 |
Financial liabilities due to leasing | 20 971 | 24 059 |
Total long-term liabilities | 158 895 | 228 415 |
Credits and debt securities | 45 400 | 19 168 |
Trade liabilities | 112 827 | 129 344 |
Other financial liabilities | 23 | 561 |
Financial liabilities due to leasing | 4 904 | 4 587 |
Other short-term liabilities | 28 342 | 20 121 |
Income tax liabilities | 333 | 124 |
Contractual liabilities | 16 788 | 8 283 |
Deferred income | 882 | 1 194 |
Short-term provisions for employee benefits | 47 781 | 36 405 |
Other short-term provisions | 19 923 | 20 345 |
Liabilities classified as held for sale | 563 | 595 |
Total short-term liabilities | 277 766 | 240 727 |
TOTAL LIABILITIES | 1 029 794 | 1 016 547 |
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CONSOLIDATED PROFIT AND LOSS ACCOUNT
in thousand PLN | |||
01/01/2023 | 01/01/2022 | ||
Specification | 31/12/2023 | 31/12/2022 | |
restated | |||
Sales revenues | 1 445 601 | 1 385 420 | |
Prime costs of the sale | 1 170 444 | 1 142 853 | |
Gross profit (loss) on sales | 275 157 | 242 567 | |
Selling costs | 41 792 | 43 110 | |
General and administrative costs | 153 989 | 130 018 | |
Other operating revenues | 12 725 | 6 763 | |
Other operating expenses | 4 693 | 4 339 | |
Result on deconsolidation | -175 | -13 830 | |
Profit/loss on operating activity | 87 233 | 58 033 | |
Loss (gain) due to impairment (reversal of losses) on trade and other receivables in accordance | -864 | -838 | |
with IFRS 9 | |||
Financial revenues | 12 910 | 7 708 | |
Financial expenses | 14 223 | 7 339 | |
Gross profit/loss (before taxation) | 85 056 | 57 564 | |
Income tax | 8 597 | 115 | |
Net result on continuing operations | 76 459 | 57 449 | |
Net result on discontinued operations | -1 958 | -532 | |
Net result | 74 501 | 56 917 | |
attributable to: | |||
shareholders of the parent company | 74 043 | 56 590 | |
on continuing operations | 75 905 | 57 147 | |
on discontinued operations | -1 862 | -557 | |
non-controlling shareholders | 458 | 327 | |
on continuing operations | 554 | 302 | |
on discontinued operations | -96 | 25 | |
Weighted average number of shares | 26 075 465 | 26 607 948 | |
Earnings per share on continuing operations | 2,91 | 2,15 | |
Earnings per share | 2,84 | 2,13 | |
Diluted weighted average shares | 26 881 922 | 27 239 609 | |
Diluted earnings per share on continuing operations | 2,82 | 2,10 | |
Diluted earnings per share | 2,75 | 2,08 | |
01/01/2023 | 01/01/2022 | ||
Specification | 31/12/2023 | 31/12/2022 | |
restated | |||
Revenues from sales of products | 1 310 459 | 1 215 196 | |
Revenues from sales of goods and materials | 115 876 | 124 823 | |
Other revenues | 19 266 | 45 401 | |
Total sales revenues | 1 445 601 | 1 385 420 | |
including: | |||
- domestic sales | 479 548 | 449 680 | |
- foreign sales | 966 053 | 935 740 | |
2 |
CONSOLIDATED CASH FLOW STATEMENT
in thousand PLN | |||||
Specification | For the period from 01/01 to 31/12 | ||||
2022 restated | |||||
2023 | |||||
Net profit | 74 501 | 56 917 | |||
Total adjustments for: | 113 364 | 35 364 | |||
Depreciation | 63 979 | 61 674 | |||
Net foreign exchange rate profit and loss | -14 346 | 2 421 | |||
Net interest and dividends | 9 235 | 4 424 | |||
Income tax on profit before tax | 9 514 | 7 205 | |||
Profit (loss) on investment activities | 62 | -12 249 | |||
Change in provisions | 11 111 | 10 935 | |||
Change in inventory | 24 526 | -31 682 | |||
Change in receivables | 16 582 | -39 181 | |||
Change in liabilities | -13 074 | 14 909 | |||
Change in prepayments and deferred income | -406 | -3 667 | |||
Adjustments resulting from an impairment loss (reversal of an impairment loss) | 0 | 0 | |||
recognized in profit or loss | |||||
Other adjustments | 14 265 | 24 658 | |||
Income tax paid | -10 042 | -4 615 | |||
Cash from discontinued operations | 1 958 | 532 | |||
Net cash flows from operating activity | 187 865 | 92 281 | |||
Inflows from sale of fixed assets and intangible and legal assets | 2 030 | 146 | |||
Purchase of fixed assets and intangible and legal assets | -65 850 | -77 190 | |||
Other investment cash flows | -2 547 | 11 176 | |||
Expenses for financial assets | -11 584 | 0 | |||
Net cash flows from investing activity | -77 951 | -65 868 | |||
Change in the balance of credits | 0 | 97 705 | |||
Loans repayment | -32 901 | -94 142 | |||
Paid interest | -9 959 | -4 619 | |||
Acquisition of own shares | 0 | -11 230 | |||
Financial expenditure on lease | -4 248 | -3 225 | |||
Dividends paid to owners | -31 291 | 0 | |||
Other revenues/expenses | -37 | -313 | |||
Net cash flows from financing activity | -78 436 | -15 824 | |||
Change in cash and cash equivalents | 31 478 | 10 589 | |||
Net exchange differences in cash and cash equivalents | -75 | -11 | |||
Opening balance of cash | 91 582 | 81 004 | |||
Net change in cash | 31 403 | 10 578 | |||
Closing balance of cash | 122 985 | 91 582 | |||
including of limited disposability | 810 | 236 |
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