Consolidated Half-Year Report Psr 2021 (Year)
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ORANGEPL PSr 2021 ☐ - adjusted POLISH FINANCIAL SUPERVISION AUTHORITY Consolidated half-year report PSr 2021 (year) (according to par. 60 s. 2 and par. 62 s. 3 of the Decree of Minister of Finance dated 29 March 2018) for the issuers in sectors of production, construction, trade or services (type of issuer) for the half-year of 2021, i.e. from 1 January 2021 to 30 June 2021 including condensed consolidated financial statements prepared under: International Financial Reporting Standards in currency: PLN and condensed separate financial statements prepared under: International Financial Reporting Standards in currency: PLN date of issuance: 28 July 2021 ORANGE POLSKA SA (full name of issuer) ORANGEPL Telecommunication (tel) (abbreviated name of the issuer) (classification according to WSE/sector) 02-326 Warsaw (post code) (location) Al. Jerozolimskie 160 (street) (number) 22 527 23 23 22 527 23 41 (telephone) (fax) [email protected] www.orange.pl (e-mail) (www) 526-02-50-995 012100784 (NIP) (REGON) KPMG Audyt Sp. z o.o. Sp. komandytowa (auditor) Polish Financial Supervision Authority 1 ORANGEPL PSr 2021 PLN ‘000 EUR ‘000 SELECTED FINANCIAL DATA half-year 2021 half-year 2020 half-year 2021 half-year 2020 condensed consolidated financial statements data I. Revenue 5,872,000 5,632,000 1,291,344 1,268,097 II. Operating income 340,000 197,000 74,771 44,356 III. Profit before income tax 229,000 16,000 50,361 3,603 IV. Net income 155,000 14,000 34,087 3,152 V. Net income attributable to owners of Orange Polska S.A. 155,000 14,000 34,087 3,152 VI. Earnings per share (in PLN/EUR) 0.12 0.01 0.03 - VII. Weighted average number of shares (in millions) 1,312 1,312 1,312 1,312 VIII. Total comprehensive income/(loss) 222,000 (57,000) 48,821 (12,834) IX. Total comprehensive income/(loss) attributable to owners of Orange Polska S.A. 222,000 (57,000) 48,821 (12,834) X. Net cash provided by operating activities 1,606,000 1,598,000 353,184 359,805 XI. Net cash used in investing activities (1,019,000) (1,111,000) (224,094) (250,152) XII. Net cash used in financing activities (635,000) (500,000) (139,646) (112,580) XIII. Net change in cash and cash equivalents (48,000) (13,000) (10,556) (2,927) balance as at balance as at balance as at balance as at 30/06/2021 31/12/2020 30/06/2021 31/12/2020 XIV. Total current assets and assets held for sale 3,492,000 3,363,000 772,430 728,742 XV. Total non-current assets 20,241,000 20,937,000 4,477,305 4,536,925 XVI. Total assets 23,733,000 24,300,000 5,249,735 5,265,667 XVII. Total current liabilities 3,930,000 7,637,000 869,315 1,654,893 XVIII. Total non-current liabilities 8,992,000 6,064,000 1,989,029 1,314,033 XIX. Total equity 10,811,000 10,599,000 2,391,391 2,296,741 XX. Equity attributable to owners of Orange Polska S.A. 10,809,000 10,597,000 2,390,949 2,296,308 XXI. Share capital 3,937,000 3,937,000 870,864 853,125 condensed separate financial statements data half-year 2021 half-year 2020 half-year 2021 half-year 2020 I. Revenue 5,287,000 5,167,000 1,162,694 1,163,398 II. Operating income 308,000 178,000 67,734 40,078 III. Profit before income tax 212,000 5,000 46,622 1,126 IV. Net income 165,000 5,000 36,286 1,126 V. Earnings per share (in PLN/EUR) 0.13 - 0.03 - VI. Weighted average number of shares (in millions) 1,312 1,312 1,312 1,312 VII. Total comprehensive income/(loss) 232,000 (66,000) 51,020 (14,861) VIII. Net cash provided by operating activities 1,602,000 1,608,000 352,305 362,056 IX. Net cash used in investing activities (989,000) (1,143,000) (217,497) (257,357) X. Net cash used in financing activities (666,000) (461,000) (146,464) (103,798) XI. Net change in cash and cash equivalents (53,000) 4,000 (11,656) 901 balance as at balance as at balance as at balance as at 30/06/2021 31/12/2020 30/06/2021 31/12/2020 XII. Total current assets and assets held for sale 3,087,000 2,991,000 682,844 648,132 XIII. Total non-current assets 20,174,000 20,913,000 4,462,484 4,531,724 XIV. Total assets 23,261,000 23,904,000 5,145,328 5,179,856 XV. Total current liabilities 3,622,000 7,399,000 801,186 1,603,320 XVI. Total non-current liabilities 8,884,000 5,972,000 1,965,139 1,294,097 XVII. Total equity 10,755,000 10,533,000 2,379,003 2,282,439 XVIII. Share capital 3,937,000 3,937,000 870,864 853,125 Polish Financial Supervision Authority 2 This document is a free translation of the Polish original. Terminology current in Anglo-Saxon countries has been used where practicable for the purposes of this translation in order to aid understanding. The binding Polish original should be referred to in matters of interpretation. Independent Auditor’s Report on Review of Condensed Interim Consolidated Financial Statements To the Shareholders and Supervisory Board of Orange Polska S.A. Introduction We have reviewed the accompanying and condensed interim consolidated financial statements of Orange Polska S.A. Group — notes to the condensed interim (the “Group”), whose parent entity is consolidated financial statements Orange Polska S.A. (the „Parent Entity”), comprising a summary of significant which comprise: accounting policies and other explanatory information — the consolidated statement of financial (the “condensed interim consolidated position as at 30 June 2021, financial statements”). and, for the three-month and six-month The Management Board of the Parent periods ended 30 June 2021: Entity is responsible for the preparation and — the consolidated income statement; presentation of these condensed interim — the consolidated statement of consolidated financial statements in comprehensive income; accordance with IAS 34 Interim Financial Reporting, as adopted by the European — the consolidated statement of cash Union. Our responsibility is to express flows; a conclusion on these condensed interim and, for the six-month period ended 30 consolidated financial statements based on June 2021: our review. — the consolidated statement of changes in equity; 1 KPMG Audyt spółka z ograniczoną odpowiedzialnością sp.k. ul. Inflancka 4A, 00-189 Warszawa, tel. +48 (22) 528 11 11, fax +48 (22) 528 10 09, Email [email protected], Internet www.kpmg.pl © 2021 KPMG Audyt Spółka z ograniczoną odpowiedzialnością sp.k., a Polish limited partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. Scope of Review We conducted our review in accordance with and other review procedures. A review is the International Standard on Review substantially less in scope than an audit Engagements 2410 Review of Interim conducted in accordance with National Financial Information Performed by the Standards on Auditing or International Independent Auditor of the Entity as adopted Standards on Auditing and consequently does by the resolution of the National Council of not enable us to obtain assurance that we Statutory Auditors as the National Standard on would become aware of all significant matters Review 2410. A review of the interim financial that might be identified in an audit. statements consists of making inquiries, Accordingly, we do not express an audit primarily of persons responsible for financial opinion. and accounting matters and applying analytical Conclusion Based on our review, nothing has come to our material respects, in accordance with IAS 34 attention that causes us to believe that the Interim Financial Reporting, as adopted by the accompanying condensed interim consolidated European Union. financial statements are not prepared, in all On behalf of audit firm KPMG Audyt Spółka z ograniczoną odpowiedzialnością sp.k. Registration No. 3546 Signed on the Polish original Signed on the Polish original Marek Gajdziński Anna Burian-Szywacz Key Statutory Auditor Key Statutory Auditor Registration No. 90061 Registration No. 12579 Member of the Management Board of KPMG Audyt Sp. z o.o., entity which is the General Partner of KPMG Audyt Spółka z ograniczoną odpowiedzialnością sp.k. Warsaw, 28 July 2021 2 Translation of the financial statements originally issued in Polish ORANGE POLSKA GROUP CONDENSED IFRS INTERIM CONSOLIDATED FINANCIAL STATEMENTS FOR THE 6 MONTHS ENDED 30 JUNE 2021 July 28, 2021 Orange Polska Group Condensed IFRS Interim Consolidated Financial Statements – 30 June 2021 Translation of the financial statements originally issued in Polish Contents CONSOLIDATED INCOME STATEMENT 3 CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 3 CONSOLIDATED STATEMENT OF FINANCIAL POSITION 4 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 5 CONSOLIDATED STATEMENT OF CASH FLOWS 6 1. The Orange Polska Group 7 2. Segment information and performance measures 7 3. Statement of compliance and basis of preparation 9 4. Statement of accounting policies 9 5. Revenue 10 6. Impairment test 11 7. Explanatory comments about the seasonality or cyclicality of interim Group operations 11 8. Items affecting assets, liabilities, equity, net income or cash flows that are unusual because of their 12 nature, size or incidence 9. Net financial debt 13 10. Fair value of financial instruments 14 11. Dividend 14 12. Changes in major litigation and claims, contingent liabilities and contingent assets since the end of the 14 last annual reporting period 13.