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Financial Data of Asseco Poland S.A. for the Period of 6 Months Ended 30 June 2021

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Financial Data of Asseco Poland S.A. for the Period of 6 Months Ended 30 June 2021 Financial data of Asseco Poland S.A. for the period of 6 months ended 30 June 2021 Financial data of Asseco Poland S.A. for the period of 6 months ended 30 June 2021 FINANCIAL HIGHLIGHTS ......................................................................................................................................... 4 INTERIM CONDENSED FINANCIAL STATEMENTS OF ASSECO POLAND S.A. FOR THE PERIOD OF 6 MONTHS ENDED 30 JUNE 2021 ............................................................................................................................ 5 INTERIM STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME ............................................................ 6 INTERIM STATEMENT OF FINANCIAL POSITION ........................................................................................................... 7 INTERIM STATEMENT OF CHANGES IN EQUITY ............................................................................................................ 9 INTERIM STATEMENT OF CASH FLOWS .................................................................................................................... 10 EXPLANATORY NOTES TO THE INTERIM CONDENSED FINANCIAL STATEMENTS ................................................................. 12 1. GENERAL INFORMATION ......................................................................................................................................... 12 2. BASIS FOR THE PREPARATION OF INTERIM CONDENSED FINANCIAL STATEMENTS .............................................. 13 2.1. Basis for preparation.......................................................................................................................... 13 2.2. Impact of the COVID-19 pandemic on the Company’s business operations ..................................... 13 2.3. Compliance statement ....................................................................................................................... 14 2.4. Functional currency and presentation currency ................................................................................ 14 2.5. Professional judgement and estimates.............................................................................................. 14 2.6. Accounting policies applied ............................................................................................................... 15 2.7. New standards and interpretations published but not in force yet .................................................. 16 2.8. Changes in the presentation methods applied .................................................................................. 17 2.9. Corrections of material errors ........................................................................................................... 17 2.10. Restatement of comparable data ...................................................................................................... 17 3. INFORMATION ON OPERATING SEGMENTS ............................................................................................................ 18 4. EXPLANATORY NOTES TO THE STATEMENT OF PROFIT AND LOSS AND OTHER COMPREHENSIVE INCOME ...... 20 4.1 Structure of operating revenues ........................................................................................................ 20 4.2 Structure of operating costs .............................................................................................................. 22 4.3 Financial income and expenses ......................................................................................................... 23 4.4 Corporate income tax ........................................................................................................................ 24 4.5 Earnings per share ............................................................................................................................. 25 4.6 Information on dividends paid out .................................................................................................... 25 5. EXPLANATORY NOTES TO THE STATEMENT OF FINANCIAL POSITION .................................................................. 26 5.1. Property, plant and equipment ......................................................................................................... 26 5.2. Intangible assets ................................................................................................................................ 26 5.3. Right-of-use assets ............................................................................................................................. 26 5.4. Goodwill ............................................................................................................................................. 27 5.5. Investments in subsidiaries and associates ....................................................................................... 28 5.6. Impairment tests................................................................................................................................ 29 5.7. Other assets ....................................................................................................................................... 31 5.8. Prepayments and accrued income .................................................................................................... 33 5.9. Receivables and contract assets ........................................................................................................ 33 5.10. Cash and cash equivalents ................................................................................................................. 35 5.11. Impairment losses on inventories ...................................................................................................... 35 5.12. Lease liabilities ................................................................................................................................... 35 5.13. Other financial liabilities .................................................................................................................... 36 5.14. Bank loans and debt securities issued ............................................................................................... 37 5.15. Trade payables, state budget liabilities and other liabilities ............................................................. 37 5.16. Contract liabilities .............................................................................................................................. 38 5.17. Provisions ........................................................................................................................................... 39 5.18. Accruals and deferred income ........................................................................................................... 39 5.19. Related party transactions ................................................................................................................. 40 Asseco Poland S.A. Interim Condensed Financial Statements for the period of 6 months ended 30 June 2021 (in millions of PLN) 2 6. EXPLANATORY NOTES TO THE STATEMENT OF CASH FLOWS............................................................................... 41 6.1st Cash flows – operating activities ....................................................................................................... 41 6.2nd Cash flows – investing activities ......................................................................................................... 41 6.3rd Cash flows – financing activities ........................................................................................................ 42 7. OTHER EXPLANATORY NOTES ................................................................................................................................ 43 7.1st Off-balance-sheet liabilities ............................................................................................................... 43 7.2nd Seasonal and cyclical business ........................................................................................................... 43 7.3rd Employment ....................................................................................................................................... 44 7.4th Significant events after the reporting period .................................................................................... 44 7.5th Significant events related to prior years ............................................................................................ 44 APPROVAL FOR PUBLICATION BY THE MANAGEMENT BOARD ............................................................................... 45 Asseco Poland S.A. Interim Condensed Financial Statements for the period of 6 months ended 30 June 2021 (in millions of PLN) 3 Financial Highlights Asseco Poland S.A. The following table presents the selected financial data of Asseco Poland S.A. 6 months ended 6 months ended 6 months ended 6 months ended 30 June 2021 30 June 2020 30 June 2021 30 June 2020 mPLN mPLN mEUR mEUR Operating revenues 529.7 435.7 116.5 98.1 Operating profit 103.1 65.4 22.7 14.7 Pre-tax profit 271.5 192.6 59.7 43.4 Net profit for the reporting period 249.3 177.6 54.8 40.0 Net cash provided by (used in) operating activities 85.6 59.7 18.8 13.4 Net cash provided by (used in) investing activities 146.9 113.2 32.3 25.5 Net cash provided by (used in) financing activities (262.4) (262.4) (57.7) (59.1) Cash and short-term deposits 134.9 164.8
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