DOCSLIB.ORG

Softbank Spółka Akcyjna

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Softbank Spółka Akcyjna SEMI-ANNUAL MANAGEMENT'S REPORT ON BUSINESS OPERATIONS OF THE ASSECO GROUP Semi-Annual Report of the Asseco Group for 6 months ended 30 June 2012 SEMI-ANNUAL MANAGEMENT'S REPORT ON BUSINESS OPERATIONS OF THE ASSECO GROUP Table of contents Page I. GENERAL INFORMATION .................................................................................. 3 II. IT MARKET IN THE FIRST HALF OF 2012 AND ITS FUTURE OUTLOOK ..................... 4 1. Development prospects of the IT market ............................................................ 4 2. IT Market in Poland .......................................................................................... 5 3. Major events in individual sectors in the first half of 2012 ..................................... 7 4. Outlook summary ............................................................................................ 9 III. POSITION OF ASSECO POLAND S.A. AND THE ASSECO GROUP IN THE IT SECTOR ......................................................................................... 10 IV. PRODUCT PORTFOLIO OF THE ASSECO GROUP .................................................. 12 V. SUMMARY AND ANALYSIS OF THE ASSECO GROUP'S FINANCIAL RESULTS FOR THE FIRST HALF OF 2012 ............................................................................... 18 VI. MAJOR FACTORS AND EVENTS WITH IMPACT ON OUR FINANCIAL PERFORMANCE .............................................................................................. 20 1. Polish market ................................................................................................ 20 2. Israeli market (Formula Systems Group) .......................................................... 24 3. Central European market (Asseco Central Europe Group) .................................... 27 4. South Eastern European market (Asseco South Eastern Europe Group) ................ 29 5. Other European markets ................................................................................. 31 VII. CORPORATE OFFICERS OF ASSECO POLAND S.A. .............................................. 33 VIII. ASSECO POLAND SHARES HELD BY ITS MANAGEMENT AND SUPERVISORY STAFF .......................................................................................................... 34 IX. SHAREHOLDER STRUCTURE OF ASSECO POLAND S.A. ....................................... 34 X. ISSUANCE, REDEMPTION AND REPAYMENT OF NON-EQUITY AND EQUITY SECURITIES .................................................................................................. 35 XI. EFFECTS OF CHANGES IN THE ORGANIZATIONAL STRUCTURE ............................ 35 XII. ORGANIZATION AND CHANGES IN THE ASSECO GROUP STRUCTURE, INCLUDING INDICATION OF ENTITIES SUBJECT TO CONSOLIDATION .................. 36 XIII. INFORMATION ON PENDING LEGAL PROCEEDINGS CONCERNING LIABILITIES OR RECEIVABLES OF ASSECO POLAND S.A. OR ITS SUBSIDIARY COMPANIES ...... 45 XIV. RELATED PARTY TRANSACTIONS ..................................................................... 45 XV. BANK LOANS, BORROWINGS, SURETIES, GUARANTEES AND OFF-BALANCE-SHEET LIABILITIES ................................................................... 45 XVI. OPINION ON FEASIBILITY OF THE MANAGEMENT BOARD FINANCIAL FORECASTS FOR 2012 .................................................................................... 45 XVII. FACTORS WHICH IN THE MANAGEMENT'S OPINION MAY AFFECT OUR FINANCIAL PERFORMANCE AT LEAST TILL THE END OF THIS FINANCIAL YEAR ...... 45 XVIII. OTHER FACTORS SIGNIFICANT FOR THE ASSESSMENT OF HUMAN RESOURCES, ASSETS, AND FINANCIAL POSITION ............................................. 46 XIX. STATEMENTS OF THE MANAGEMENT BOARD OF ASSECO POLAND S.A. ................ 47 Semi-Annual Report of the Asseco Group for 6 months ended 30 June 2012 I. GENERAL INFORMATION The Parent Company of the Asseco Group (the "Group", "Asseco Group") is Asseco Poland S.A. ("Asseco", "Company"). Asseco is the number one information technology company in Poland that has operated in the domestic IT market for over 20 years. Since 2004 the Asseco Group business has gone international. Asseco Poland S.A. is the largest IT company listed on the Warsaw Stock Exchange, in terms of market capitalization. Asseco is also the 7th largest European software vendor in terms of revenues generated from the production of software (according to the Truffle 100 ranking published by Truffle Capital in October 2011). Asseco Poland S.A. is a leader in creation of the international Asseco Group that gathers numerous, directly or indirectly, subsidiary entities whose operating activities are related to those conducted by the Company. Asseco Poland S.A. and the Asseco Group companies are focusing on the production of proprietary software solutions. The Group is specialized in complex information technology undertakings, integration projects as well as consulting services. The Asseco Group provides its products for most sectors of the economy. Our mission is to build a reliable and profitable global information technology powerhouse providing high quality software and services. At present the Asseco Group conducts business operations in over a dozen European countries, Israel, United States, Canada, Japan, as well as in the EMEA region. The Asseco Group is present all over Europe through its regional holdings: Asseco Central Europe (Slovakia, Czech Republic, Hungary), Asseco South Eastern Europe (Balkan countries and Turkey), Asseco South Western Europe (Spain, Portugal, Italy, France), Asseco DACH (Germany, Switzerland, Austria), and Asseco Northern Europe (Scandinavia, Baltic republics). The Group's operations on non-European markets are conducted by companies incorporated in the holding of Formula Systems, which is listed on TASE (Tel Aviv Stock Exchange) as well as on NASDAQ Global Markets. Formula Systems holds shares in three listed information technology companies: Matrix IT, Sapiens International, and Magic Software. These companies operate in the markets of Israel, United States, Japan, and Canada, just to mention a few. Key products, services and markets The Asseco Group is a leading provider of proprietary IT solutions for most sectors of the economy. The Group's comprehensive offering includes products dedicated for the sectors of banking and finance, public administration, industry, trade, and services. The Group has got a wide-range portfolio of proprietary products, unique competence and experience in the execution of complex IT projects, and a broad customer base, including the largest financial institutions, major industrial enterprises, as well as public administration bodies. The Asseco Group is also specialized in projects dedicated to the European Union and NATO. All figures in millions of PLN, unless stated otherwise 3 Semi-Annual Report of the Asseco Group for 6 months ended 30 June 2012 The Asseco Group offers its products and services to the following customer groups: Financial Sector Public Institutions Industry, trade and services Banks Central administration Power and gas industries Brokerage houses Local administration FMCG Leasing companies Education Municipal utility enterprises Factoring companies Healthcare Production, trade and service enterprises Insurance companies International organizations Telecommunication Investment and pension Uniformed services funds Social insurance Our offering is complemented with multi-sector products, such as application platforms, Business Intelligence, Document Management, and Lifecycle Management solutions, as well as consulting and implementation services related to third-party software (SAP, Oracle, and Microsoft). Additionally, the Asseco Group offers IT infrastructure products and services (computer hardware, networks, security systems, etc.) as well as outsourcing and training services. Our outsourcing offer covers a broad range of IT solutions such as transaction systems, e-Banking systems, card payment systems as well as outsourcing of elements of IT infrastructure. II. IT MARKET IN THE FIRST HALF OF 2012 AND ITS FUTURE OUTLOOK 1. Development prospects of the IT market According to analysts, in 2012 the IT market is growing a bit slower than they have previously anticipated. In April 2012, Gartner once again lowered its forecasts for the development of the global IT market chiefly due to a slowdown in the public administration spending. According to the April forecast, in 2012 the market value will increase by 2.5% year on year, as compared with a 3.7% growth projected in January and a 4.6% growth assumed earlier. Gartner predicts that in 2012 revenues from the sale of IT solutions will reach USD 3.75 trillion worldwide (including the IT and telecommunications market). Almost half of this amount, or USD 1.7 trillion, will be consumed by telecommunications services that are projected to increase by 1%. The global business software market is poised to grow much faster, at a rate close to 5%, and it should be worth USD 280 billion. According to estimates, IT hardware segment will grow by 4.3% to USD 421 billion, while sales of IT services should reach USD 851 billion, reflecting an increase of 1.3% (earlier this segment was expected to grow over twice as fast, or by 3.1%). The fastest pace of development, approx. 6.9%, will be observed in the global market for telecommunications equipment solutions, which should be worth more than USD 470 billion. As explained by Computerworld, such a high rate of growth will be achieved on the back of investments made by telecom operators and service providers, as well as due
Load more

Recommended publications
  • Asseco Poland Sa Condensed Consolidated Financial
    ASSECO POLAND SA CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF THE ASSECO GROUP FOR THE 2 ND QUARTER OF 2007 PREPARED IN ACCORDANCE WITH THE INTERNATIONAL FINANCIAL REPORTING STANDARDS THE ASSECO GROUP Q2 2007 All figures in PLN thousands CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF THE ASSECO GROUP FOR THE 2 ND QUARTER OF 2007 Table of contents Page FINANCIAL HIGHLIGHTS OF THE ASSECO GROUP................................................................................................................................. 3 MERGER WITH ASSECO POLAND SA AND ISSUANCE OF SHARES........................................................................................... 4 CONDENSED CONSOLIDATED PROFIT AND LOSS ACCOUNT.................................................................................................... 6 CONDENSED CONSOLIDATED BALANCE SHEET.......................................................................................................................... 7 CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY ........................................................................... 9 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS ................................................................................................ 10 FINANCIAL PERFORMANCE OF THE ASSECO GROUP ............................................................................................................... 14 GENERAL INFORMATION................................................................................................................................................................
    [Show full text]
  • Lista Pracownikow Sektora Fin-Certyfikatyzbp 25 11 2013
    48 uroczysto ść wr ęczenia Certyfikatów ZBP w Systemie Standardów Kwalifikacyjnych w Bankowo ści Polskiej Lista 305 pracowników sektora finansowego, którzy uzysakali stopnie zawodowe w dniu 25.11.2013, Klub Bankowca w Warszawie Legenda: S- Samodzielny Pracownik Bankowy D- Dyplomowany Pracownik Bankowy ING - ING Bank Śląski SA GETIN - Getin Noble Bank SA PKO- PKO Bank Polski SA BGK - Bank Gospodarstwa Krajowego mBank - mBank SA NORDEA - Nordea Bank Polska SA BM - Bank Millennium SA BO Ś - Bank Ochrony Środowiska SA EB- Euro Bank SA PEKAO - Bank PEKAO SA BP- Bank Pocztowy SA BZ-WBK - Bank Zachodni WBK SA KBS - Krakowski Bank Spółdzielczy SA BPS - Bank Polskiej Spółdzielczo ści SA SGBB - SGB Bank SA BS-BPS - Bank Spóldzielczy zrzeszony w Banku Polskiej Spóldzileczo ści SA BS-SGBB - Bank Spóldzielczy zrzeszony w SGB-Bank SA ASPIRO - ASPIRO SA stopie ń imi ę nazwisko bank miasto zawodowy Michał Adamiak BS-BPS Piaski D Renata Antczak BS-SGBB Konin S Małgorzata Augustyniak BS-BPS Piaski D Izabela Badowska PEKAO Warszawa S Barbara Bąk BS-BPS Ostrów Mazowiecka D Dariusz Balcerzak BS-BPS Szczytno D Łukasz Balcerzyk EB Wrocław S Monika Banach BS-BPS Kolno D Gabriela Bawoł BS-SGBB Ożarów D Magdalena Bazyluk ING Warszawa D Sylwia Bero BS-BPS Ostrów Mazowiecka D Wojciech Białobrzewski BS-BPS Szczytno D Wojciech Biały BS-BPS Łopuszno S Kamila Bieli ńska BS-SGBB Nasielsk S Justyna Biernat ASPIRO Katowice S Dorota Bi ńkowska PKO Warszawa S Karolina Bober PEKAO Warszawa S Mariusz Bogda ński BS-SGBB Żnin D Andrzej Bonk BS-BPS Łubniany D Anna Borkowska BS-SGBB
    [Show full text]
  • THE ASSECO POLAND GROUP Consolidated Quarterly Report for Q2 2008 All Figures in PLN Thousands, Unless Stated Otherwise
    THE ASSECO POLAND GROUP CONSOLIDATED QUARTERLY REPORT FOR THE 2 ND QUARTER OF 2008 11 August 2008 WorldReginfo - bc6f798c-b62c-4339-a2b6-30c5f32c4034 THE ASSECO POLAND GROUP Consolidated Quarterly Report for Q2 2008 All figures in PLN thousands, unless stated otherwise CONSOLIDATED QUARTERLY REPORT OF THE ASSECO POLAND GROUP FOR THE 2 ND QUARTER OF 2008 Table of contents Page FINANCIAL HIGHLIGHTS OF THE ASSECO POLAND GROUP .......................................................................... 3 CONDENSED CONSOLIDATED PROFIT AND LOSS ACCOUNT........................................................................ 4 CONDENSED CONSOLIDATED BALANCE SHEET............................................................................................. 5 CONDENSED CONSOLIDATED STATEMENT OF SHAREHOLDERS' EQUITY ................................................. 7 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS ...................................................................... 8 FINANCIAL PERFORMANCE OF THE ASSECO POLAND GROUP .................................................................. 12 GENERAL INFORMATION .................................................................................................................................. 14 NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS ................................................. 22 This quarterly report comprises 61 pages numbered consecutively from 1 to 61. The accompanying interim condensed consolidated financial statements were approved by the Management Board of Asseco
    [Show full text]
  • Report on Business Operations of Asseco Group for the Year Ended 31 December 2012
    Report on Business Operations of Asseco Group for the year ended 31 December 2012 REPORT ON BUSINESS OPERATIONS OF ASSECO GROUP FOR THE YEAR ENDED 31 DECEMBER 2012 1 Report on Business Operations of Asseco Group for the year ended 31 December 2012 Present in over countries 30 Sales revenues in 2012 PLNm 5,529 in net profit PLNm 556 for 2012 Dividends paid for 2011 290 PLNm committed 16,638 employees largest software 7th vendor in Europe 2 Report on Business Operations of Asseco Group for the year ended 31 December 2012 REPORT ON BUSINESS OPERATIONS OF ASSECO GROUP FOR THE YEAR ENDED 31 DECEMBER 2012 TABLE OF CONTENTS PAGE President's Letter ....................................................................................................................... 4 General Information ................................................................................................................... 5 Organizational structure and nature of business operations .............................................................. 5 Financial highlights ...................................................................................................................... 5 Vision and Strategy .................................................................................................................... 7 Strategy and development outlook ................................................................................................ 7 Characteristics of factors essential to the Group's development ........................................................
    [Show full text]
  • Lista Bankowcow-Certyfikatyzbp 18 12 2012
    46 uroczysto ść wr ęczenia Certyfikatów ZBP w Systemie Standardów Kwalifikacyjnych w Bankowo ści Polskiej Lista 166 pracowników Banków, którzy uzysakali stopnie zawodowe w dniu 18.12.2012, Klub Bankowca w Warszawie Legenda: S- Samodzielny Pracownik Bankowy D- Dyplomowany Pracownik Bankowy Sp5 - Specjalista Bankowy z zakresu analizy kredytowej i fundamentalnej BH- Bank Handlowy w Warszawie SA ING - ING Bank Śląski SA GETIN - Getin Noble Bank SA PEKAO- Bank Polska Kasa Opieki SA PKO- PKO Bank Polski SA KB - Kredyt Bank SA BGK - Bank Gospodarstwa Krajowego BGZ - Bank Gospodarki Żywno ściowej SA BOS- Bank Ochrony Środowiska SA BRE - BRE Bank SA BNP- BNP Paribas Bank Polska SA INVEST- Invest Bank SA NORDEA - Nordea Bank Polska SA SCB- Santander Consumer Bank SA VBP - Volkswagen Bank Polska SA EB - Euro Bank SA BZ-WBK - Bank Zachodni WBK SA Credit Agricole- Credit Agricole Bank Polska SA BS-BPS - Bank Spóldzielczy zrzeszony w Banku Polskiej Spóldzileczo ści SA BS-SGBB - Bank Spóldzielczy zrzeszony w SGB-Bank SA stopie ń imi ę nazwisko bank miasto zawodowy Urszula Andrychiewicz BS-SGBB Przysucha D Michał Andrzejczyk BS-BPS Węgorzewo D Aleksandra Ankowska BS-BPS Lubawa D Arkadiusz Baran BS-SGBB Zwole ń D Małgorzata Barciok BZ-WBK Rybnik S Bogumiła Bednarska Credit Agricole Wrocław D Andrzej Bekulard EB Mi ńsk Mazowiecki D Marta Białek BS-BPS Wołomin S Paulina Bielik BS-BPS Brodnica S Izabela Biernacka BS-BPS Chorzele D El żbieta Borejko BS-BPS Pruszków S Renata Buszta BS-BPS Żołynia D Justyna Choinka BS-BPS Ostrów Mazowiecka D Justyna Choinka
    [Show full text]
  • RAPORT Szybko.Pl I Expandera - Niezależnego Doradcy Finansowego
    RAPORT Szybko.pl i Expandera - Niezależnego Doradcy Finansowego Analiza wtórnego rynku nieruchomości Luty 2010 WARSZAWA, KRAKÓW, GDA ŃSK, POZNAŃ, WROCŁAW, KATOWICE, ŁÓDŹ, OLSZTYN, TORUŃ, OPOLE, BIAŁYSTOK , LUBLIN, GDYNIA, SZCZECIN, SOPOT 11kkkk2 Rynek kredytów hipotecznych Analizując zmiany oprocentowania kredytów złotowych dla lutego b.r., wskazać należy ogólny ich kierunek spadkowy. Przy założeniu udzielenia 30-letniego kredytu na kwotę 300 tys. zł (25% wkładu własnego), największe spadki oprocentowania wykazały mBank i MultiBank – na poziomie 1,93 pkt. proc., względem wartości z poprzedniego miesiąca. Mimo ogólnej tendencji spadkowej omawianej wartości, Polbank EFG odnotował wzrosty oprocentowania kredytów udzielanych w PLN o 0,9 pkt. proc. (do poziomu 7,65%). Mediana (wartość środkowa) oprocentowania w minionym miesiącu wyniosła 6,28%. Najniższe oprocentowanie można było znaleźć w ofercie BZ WBK (5,5%), a najwyższe w Banku BPH (8,95%). Jeśli chodzi o marże przy kredytach złotowych, w minionym miesiącu wykazywały one względną stagnację, jeśli nawiążemy do ich poziomu ze stycznia 2010 r. Jeśli występowały ich spadki, były one z reguły dość nieznaczne. Jedynie w przypadku mBanku i MultiBanku odnotowano ich spadek na poziomie 1,8 pkt. proc. oraz w przypadku Banku Pocztowego – na poziomie 1pkt proc. Polbank EFG, podobnie jak przy oprocentowaniu kredytów złotowych wykazały wzrost marży na poziomie 1pkt. proc. Najniższe poziomy marży w lutym ustaliły: BZ WBK (1,35%) oraz Euro Bank (1,77%). Środkowy poziom marży (mediana) wyniósł 2,10% i
    [Show full text]
  • OA S.A. Fee Regulations
    Fee Regulations of the Online Arbitration S.A. 0 Fee Regulations (Appendix No. 1 to the Terms and Conditions for Provision of Electronic Services by Online Arbitration S.A. and Appendix No. 1 to the Terms and Conditions for Arbitrators of the Online Arbitration Court) § 1 List of Fees 1. The Administrator will collect the following fees: a) registration fee for opening User account in the Application, b) fee for proceedings before the Court, consisting of: administrative fee and arbitration fee in a 1:3 proportion, c) fee for the set-off claim, d) fee for issuing an additional copy of the ruling, e) fee for access to archived minutes from a closed case, f) fee for expert opinion. 2. The fees are to be paid to Administrator’s bank account, by bank transfer or through the online payment system in the Application. The payment system is provided by eCard S.A. § 2 Amounts of Fees for Proceedings before the Court and of the Fee for the Set-off Claim. 1. The base rate of the fee for proceedings before the Court will be calculated accordingly to the value of the dispute, i.e.: a) up to 2 200 EUR: 276 EUR, b) from 2 201 EUR to 4 500 EUR: 133 EUR and 6,5% of the value of the dispute (not less than 143 EUR), c) from 4 501 EUR to 11 500 EUR: 430 EUR and 4,0% of the amount over 4 500 EUR, d) from 11 501 EUR to 23 200 EUR: 444 EUR and 3,8% of the amount over 4 500 EUR, e) from 23 201 EUR to 232 500 EUR: 1155 EUR and 2% of the amount over 23 200 EUR, f) from 232 501 EUR to 2 325 600 EUR: 5341 EUR and 0,27% of the amount over 232 1 500 EUR, g) from 2 325 601 EUR: 10 922 EUR and 0,3% of the amount over 2 325 600 EUR.
    [Show full text]
  • 'Bank Polska Kasa Opieki' Spółka Akcyjna
    Dane z zeznań podatkowych podatników, o których mowa w art. 27b ustawy z dnia 15 lutego 1992 r. o podatku dochodowym od osób prawnych (Dz. U. z 2018 r. poz. 1036) oraz w ustawie z 24 listopada 2017 r. o zmianie ustawy o podatku dochodowym od osób prawnych (Dz. U. poz. 2369) wg stanu na dzień 01.03.2021 r. Podatnicy podatku dochodowego od osób prawnych, u których wartość przychodu uzyskana w roku podatkowym przekroczyła równowartość 50 mln euro Za rok podatkowy Koszty uzyskania Podstawa Podatek Przychód Dochód Strata Lp. Nazwa podatnika Numer NIP przychodu opodatkowania należny od do [w zł] 1 2 3 4 5 6 7 8 9 10 11 1 'BANK POLSKA KASA OPIEKI' SPÓŁKA AKCYJNA 5260006841 01.01.2017 31.12.2017 858 250 997 596 854 971 084 698 3 279 912 897 3 266 009 193 620 457 719 OPEN FINANCE OBLIGACJI PRZEDSIĘBIORSTW 2 FUNDUSZ INWESTYCYJNY ZAMKNIĘTY AKTYWÓW 1080014736 01.01.2017 31.12.2017 100 686 060 661 100 686 060 661 1 855 684 352 580 NIEPUBLICZNYCH 3 BANK HANDLOWY W WARSZAWIE SPÓŁKA AKCYJNA 5260300291 01.01.2017 31.12.2017 95 712 130 503 94 716 850 016 973 790 563 970 330 563 184 331 929 POLSKI KONCERN NAFTOWY ORLEN SPÓŁKA 4 7740001454 01.01.2017 31.12.2017 94 726 524 724 89 244 890 364 5 481 634 360 4 398 391 147 833 777 517 AKCYJNA ALTER ABSOLUTNEJ STOPY ZWROTU FUNDUSZ 5 1070019034 01.01.2017 31.12.2017 84 873 131 422 82 191 029 277 2 682 102 145 INWESTYCYJNY ZAMKNIĘTY OBLIGACJI 1 6 JERONIMO MARTINS POLSKA SPÓŁKA AKCYJNA 7791011327 01.01.2017 31.12.2017 48 367 692 134 45 944 042 841 2 423 649 293 2 421 771 815 460 136 645 OPEN FINANCE OBLIGACJI KORPORACYJNYCH
    [Show full text]
  • Towards Sustainability in E-Banking Website Assessment Methods
    sustainability Article Towards Sustainability in E-Banking Website Assessment Methods Witold Chmielarz and Marek Zborowski * Faculty of Management, University of Warsaw, Krakowskie Przedmie´scie26/28, 00-927 Warsaw, Poland; [email protected] * Correspondence: [email protected] Received: 23 June 2020; Accepted: 24 August 2020; Published: 27 August 2020 Abstract: Nowadays, banking services have evolved from offline financial services to online platforms available in the form of websites and mobile applications. While multiple methods exist for evaluation of generic-purpose websites, the appraisal of banking services requires a more sophisticated approach. Multiple factors need to be taken into consideration, revolving not only around technical and usability aspects of the sites, but also considering the economic and anti-crisis factors. Moreover, due to the fact that one of the groups of people interested in banking services assessment are potential clients, which might or might not be technically and theoretically literate, a sustainable approach to banking services evaluation is needed. The main contribution of this paper is a sustainable approach balancing the evaluation accuracy with usage simplicity and computational complexity of evaluation methods. Also, a reference model for banking services evaluation is provided. In practical terms, a set of all significant commercial banking services in Poland is assessed. Last, but not least, a preliminary study of practical applicability of various evaluation methods amongst computer-literate banking clients is performed. Keywords: internet banking; website evaluations; multi-criteria evaluation methods 1. Introduction One of the most important problems associated with bank management at present is how to maintain the existing clients and how to acquire new ones.
    [Show full text]
  • Softbank Spółka Akcyjna
    ASSECO GROUP SEMI-ANNUAL REPORT FOR THE PERIOD OF 6 MONTHS ENDED 30 JUNE 2011 Asseco Group Semi-Annual Report for 6 months ended 30 June 2011 SEMI-ANNUAL REPORT OF THE ASSECO GROUP FOR THE PERIOD OF 6 MONTHS ENDED 30 JUNE 2011 Table of contents Page FINANCIAL HIGHLIGHTS OF THE ASSECO GROUP .......................................................... 3 SEMI-ANNUAL MANAGEMENT'S REPORT ON BUSINESS OPERATIONS OF THE ASSECO GROUP ........................................................................................................ 5 STATEMENTS BY THE MANAGEMENT BOARD OF ASSECO POLAND S.A. TO THE SEMI-ANNUAL REPORT OF THE ASSECO GROUP ........................................................... 56 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS OF THE ASSECO GROUP ................................................................................................. 59 INTERIM CONDENSED FINANCIAL STATEMENTS OF ASSECO POLAND S.A. .................... 120 2 FINANCIAL HIGHLIGHTS OF THE ASSECO GROUP Asseco Group Semi-Annual Report for 6 months ended 30 June 2011 FINANCIAL HIGHLIGHTS OF THE ASSECO GROUP Financial highlights of the Asseco Group are presented in the following table. 6 months 6 months 6 months 6 months ended ended ended ended 30 June 2011 30 June 2010 30 June 2011 30 June 2010 PLN millions PLN millions EUR millions EUR millions Sales revenues 2,340.2 1,452.4 589.9 362.7 Operating profit 341.7 253.8 86.1 63.4 Pre-tax profit and share in profits 336.7 239.3 84.9 59.8 of associated companies Net profit 272.7 229.1 68.7 57.2 Net profit attributable
    [Show full text]
  • Qxp Developing Financial
    Financial System Development in Poland 2005 Warsaw, 2007 Editors Jacek Osiƒski Dobies∏aw Tymoczko Authors Agnieszka Brewka Monika Józefowska Pawe∏ K∏osiewicz Jolanta Onoszko Aleksandra Pilecka Jerzy Ploch Rafa∏ Sieradzki Pawe∏ Sobolewski Andrzej Wojciechowski Jolanta Wojtaszek Robert Wyszyƒski Aleksandra Wytwer Design & Cover photo Oliwka s.c. DTP: NBP Printshop Published by: National Bank of Poland Department of Information and Public Relations 00-919 Warszawa, ul. Âwi´tokrzyska 11/21 Phone (48) 22 653 23 35 Fax (48) 22 653 13 21 www.nbp.pl, www.nbportal.pl © Copyright by the National Bank of Poland, 2007 Table of contents Summary . 5 Introduction . 12 1. The financial system in Poland . 13 1.1. Evolution of the size and structure of the financial system in Poland . 13 1.2. Measures stimulating financial market development in Poland . 16 2. Regulations of the financial system . 19 2.1. Changes of the regulations of the financial system in Poland . 19 2.1.1. Regulations regarding the entire financial services sector . 20 2.1.2. Regulations regarding the banking services sector . 20 2.1.3. Regulations regarding non-banking financial institutions . 22 2.1.4. Regulations regarding the capital market . 24 2.2. Measures of the European Union regarding the financial system . 27 2.2.1. Financial Services Action Plan (FSAP) . 27 2.2.2. Directives regarding the financial sector . 31 2.2.2.1. Directives regarding the entire financial services sector . 34 2.2.2.2. Directives regarding the banking services sector . 35 2.2.2.3. Directives regarding non-banking financial institutions . 36 2.2.2.4.
    [Show full text]
  • Report on Business Operations of Asseco Poland S.A
    Report on Business Operations of Asseco Poland S.A. for the year ended 31 December 2012 REPORT ON BUSINESS OPERATIONS OF ASSECO POLAND S.A. FOR THE YEAR ENDED 31 DECEMBER 2012 Report on Business Operations of Asseco Poland S.A. for the year ended 31 December 2012 Report on Business Operations of Asseco Poland S.A. for the year ended 31 December 2012 Clients using our services 1,090 Sales revenues in 2012 1,319 PLNm in net profit PLNm 324 for 2012 Dividends paid for 2011 170 PLNm highly committed 3,154 employees largest software 7th vendor in Europe Report on Business Operations of Asseco Poland S.A. for the year ended 31 December 2012 Table of contents General Information Błąd! Nie zdefiniowano zakładki. Financial highlights 6 Vision and Strategy Błąd! Nie zdefiniowano zakładki. Strategy and development outlook 9 Characteristics of factors significant for the Company's development 10 Company's Authorities Błąd! Nie zdefiniowano zakładki. Management Board 11 Supervisory Board 13 Company's Business Profile Błąd! Nie zdefiniowano zakładki. Product portfolio and target markets 14 Asseco Poland S.A. in the Capital Market 21 Shareholder Structure 22 Issuance of securities 23 Shares held by the management and supervisory personnel 23 Information Technology Market and Future Outlook Błąd! Nie zdefiniowano zakładki. Position of the Company and Asseco Group in the IT sector 24 Operating Activities and Financial Information Błąd! Nie zdefiniowano zakładki. Major events and factors with impact on our financial performance 26 Non-recurring events with impact on our financial performance 33 Assessment of financial resources management 33 Opinion on feasibility of investment plans 34 Discussion of significant risk factors and threats 35 Other Information Błąd! Nie zdefiniowano zakładki.
    [Show full text]