Winter in Prague Tuesday 5 December to Friday 8 December 2017
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
Orlen, Fuelling the Future
SEPARATE ANNUAL REPORT OF PKN ORLEN S.A. FOR THE YEAR 2016 1. LETTER OF THE PRESIDENT OF THE BOARD 2. OPINION AND REPORT OF THE INDEPENDENT AUDITOR 3. SELECTED FINANCIAL DATA 4. SEPARATE FINANCIAL STATEMENT OF PKN ORLEN S.A. 5. MANAGEMENT BOARD REPORT ON THE OPERATIONS OF ORLEN GROUP AND PKN ORLEN S.A. SELECTED FINANCIAL DATA OF PKN ORLEN PLN million EUR million 12 MONTHS 12 MONTHS 12 MONTHS 12 MONTHS ENDED ENDED ENDED ENDED 31/12/2016 31/12/2015 31/12/2016 31/12/2015 Sales revenues 53 633 60 466 12 257 13 819 Profit from operations increased by depreciation and amortisation (EBITDA) 5 011 2 869 1 145 656 Profit from operations (EBIT) 3 869 1 769 884 404 Profit before tax 6 069 1 308 1 387 299 Net profit 5 364 1 048 1 226 240 Net profit before net impairment allowances* 4 247 1 845 971 422 Total net comprehensive income 5 177 2 279 1 183 521 Net cash from operating activities 5 434 948 1 242 217 Net cash (used) in investing activities (1 873) (1 669) (428) (381) Net cash (used) in financing activities (1 970) (1 796) (450) (410) Net increase/(decrease) in cash 1 591 (2 517) 364 (575) Net profit and diluted net profit per share (in PLN/EUR per share) 12.54 2.45 2.87 0.56 31/12/2016 31/12/2015 31/12/2016 31/12/2015 Non-current assets 25 109 23 146 5 676 5 232 Current assets 17 963 13 835 4 060 3 127 Total assets 43 072 36 981 9 736 8 359 Share capital 1 058 1 058 239 239 Total equity 22 168 17 846 5 011 4 034 Non-current liabilities 8 918 9 459 2 016 2 138 Current liabilities 11 986 9 676 2 709 2 187 Number of shares 427 709 061 427 709 -
2019 Consolidated Annual Report of the GTC Group.Pdf
CONSOLIDATED ANNUAL REPORT OF GLOBE TRADE CENTRE S.A. CAPITAL GROUP FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 Place and date of publication: Warsaw, 19 March 2020 List of contents: Letter of the Management Board Management Board’s report on the activities of Globe Trade Centre S.A. Capital Group in the financial year ended 31 December 2019 Report on the application of the principles of corporate governance for the financial year ended 31 December 2019 Management Board’s representations Management Board’s information on apoitment of the audit company Supervisory Board’s statement Assessment of the Supervisory Board Consolidated financial statements for the financial year ended 31 December 2019 Independent auditor’s report on the audit of the annual consolidated financial statements 2 Ladies and Gentlemen, 2019 was a rewarding year for the GTC Group. We maintained our well-established position as a leading real estate investor and developer in CEE & SEE. We continued to develop our projects, realized profit by selling two assets, refinanced a number of loans thereby improving the maturity profile and reducing the overall financial costs, and leased a significant space. Our efforts yielded a profit of €75m. Attractive asset portfolio Over the year, our portfolio grew by 80,600 sq m owing to the development of new properties in both the office and retail segments. We currently own five large-scale shopping malls across the region. We put a lot of efforts into enhancing the performance of our retail assets. We are proud to report that the turnover of Galeria Jurajska has improved by 7% over 2018 and that over 60 shops have prolonged their lease, while 15 new shops opened in the mall. -
Investment Property in the Financial Statements of Capital Groups Listed on the Warsaw Stock Exchange
ISSN 2411-9571 (Print) European Journal of Economics Jan-Apr 2016 ISSN 2411-4073 (online) and Business Studies Vol.4 Nr. 1 Investment Property in the Financial Statements of Capital Groups Listed on the Warsaw Stock Exchange Piotr Prewysz-Kwinto WSB University in Torun, Department of Finance and Accounting Poland, ppqq@poczta. onet. pl Grażyna Voss University of Technology and Life Sciences, Faculty of Management, Bydgoszcz, Poland, gvoss@wp. pl Abstract In recent years, investing in property has become very popular. It is related to a significant decrease in interest rates, which has resulted in a decrease in interest rates on bank deposits and risk-free securities. What is more, this kind of investment seems to be less risky than investing in shares or raw materials due to a steady increase in property prices in Poland in the recent years. Investment property owned by an entity conducting business activity must be properly presented in financial statements, which is next reflected in the evaluation of financial position. Recognition, measurement and presentation of investment property in financial statements have been comprehensively prescribed in International Accounting Standard 40 – Investment Property, which was released in December 2003. It was first applied to financial statements prepared for the reporting period starting after January 1, 2005. The standard was revised twice – first in 2008 and then in 2013. The aim of this paper is to describe the recognition, measurement and disclosure of investment property under polish and international accounting regulations as well as to analyze the presentation of such information in financial statements of the largest companies listed on the Warsaw Stock Exchange. -
Cluj-Napoca, 8 G
BANCA TRANSILVANIA S.A. Romanian joint-stock company registered under no. J12/4155/16.12.1993 Central headquarters: Cluj-Napoca, 8 G. Baritiu Street, Romania PROSPECTUS FOR THE OFFERING OF 50,000,000 SUBORDINATED UNSECURED CONVERTIBLE BONDS OF 2013, DUE 2020 each with a face value of EUR 0.60 and a floating annual interest rate based on EURIBOR 6 month + a spread set at 6.25% convertible into shares of Banca Transilvania S.A. Period of the Offer: 09.04.2013-08.05.2013; 09.05.2013-21.05.2013 Approved by CNVM by decision no. 304 of 04.04.2013 Lead Manager, Distribution Agent and Paying Agent The approval affixed to this public offering Prospectus does not represent a guarantee or imply any other form of assessment by the National Securities Commission of the transaction merits, advantages, disadvantages, profit or risks involved by the acceptance of the offering. The approval decision certifies only the compliance of the Prospectus with the law and norms adopted for the enforcement thereof. 1 NOTE TO INVESTORS This Prospectus includes information related to the offering of 50,000,000 subordinated unsecured convertible Bonds of 2013, due 2020 in the aggregate principal amount of Euro 30,000,000 issued by Banca Transilvania S.A. and intermediated by BT Securities S.A.. The information contained in this Prospectus has been released by the Issuer or derives from public sources, as indicated herein. The Broker conducted no independent verification, nor gave its own interpretation to this data, and it can offer no express or implicit warranty regarding the correctness and completeness of this information provided by the Bank; nothing contained in this Prospectus shall be construed as the Broker’s recommendation to invest or as an educated opinion with regard to the Issuer’s situation. -
Trading Summary First Quarter of 2017
Trading Summary First quarter of 2017 Zagreb, April 2017. This publication was prepared and published by the Zagreb Stock Exchange Inc., Ivana Lučića 2a/22, Zagreb (hereinafter: Exchange). The publication is intended to provide information to the public and shall not be deemed to constitute an offer or invitation to buy or advice on trade or investment in financial instruments or opinion on the terms of the purchase or sale of any financial instrument mentioned therein whether favourable or not, nor should it be relied on as a substitute for own judgement or assessment by any user of this publication. The Exchange waives responsibility and liability for any damage which might arise out of the use of information contained therein. Further use of information available in this publication is permitted by the Exchange provided that the source is cited. Copyright © 2017. Zagreb Stock Exchange Zagreb Ivana Lučića 2a/22 All rights reserved. Content: 1 TRADING .................................................................................................................................. 1 1.1 COMPARISION WITH PREVIOUS QUARTER .............................................................................................................. 1 1.2 COMPARISON WITH PREVIOUS YEAR ..................................................................................................................... 2 1.3 MONTHLY TRADING OVERVIEW ........................................................................................................................... 4 -
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................................................................................................................................................................ -
Kpmg for Gsm.Pdf
WHO we are The wider community Our values We do what is right INTEGRITY REVENUES BY FUNCTION A business should be about more than making profits. It should also be a positive 39.1 mil force within the community, contributing to the well-being of society as a whole. For We never stop learning and improving EXCELLENCE KPMG, supporting our community is at the heart of our values and is fundamental to the 28% 30% 48% way we do business. We encourage our employees to participate in corporate social Advisory Tax Audit responsibility activities. KPMG firms have We think and act boldly COURAGE We respect each other partnered with numerous international development agencies and non-governmental organizations to pioneer a model of professional cooperation. TOGETHER We draw strength from our differences 850 Win-green situations We do what matters For Better Employees KPMG is committed to integrating environmental best practice into all of our business activities. We take our Offices in environmental responsibility seriously, and, 19 through a program of continous Romania improvement throughout all our operations, Partners we are working hard to reduce our impact on the environment. KPMG in Romania has implemented an Environmental Policy since 2008 and we obtained the ISO 14001 certification in 2009, demonstrating that KPMG in Romania meets the requirements for an Environmental Management System (EMS).And we didn`t stop here. To find out more about our actions, including volunteering, tree planting, donations, education and much more, please visit our -
Folli - Follie Commercial Manufacturing and Technical
“FOLLI - FOLLIE COMMERCIAL MANUFACTURING AND TECHNICAL SOCIETE ANONYME” REG. NO.: 3027701000 23rd km ATHENS – LAMIA HIGHWAY 145 65, AG. STEFANOS, ATTICA ANNUAL FINANCIAL STATEMENTS FOR THE PERIOD 01.01.2016 TO 31.12.2016 PURSUANT TO LAW 3556/2007 The attached financial statements for the period 01.01.2016-31.12.2016 were approved by the Company’s Board of Directors on April 7th of 2017 and were published by being posted in the internet, at www.ffgroup.com. They have been translated from the original statutory financial statements which have been prepared in Greek language. In the event that differences exist between this translation and the original Greek language financial statements, the Greek language financial statements will still prevail over this document. WorldReginfo - 79abb848-9027-4d49-b8b3-c6789fc2ca3e CONTENTS A. Statement of the Board of Directors ....................................................................... 5 B. Board of directors Annual Report for the fiscal period 01.01-31.12.2016 .................. 6 C. Independent certified auditors’ accountants report ............................................... 33 D. Financial Statements ........................................................................................... 35 1. Statements of Financial Position for the Group and the Company ........................... 35 1.1 Statement of Financial Position of the Group ................................................................................. 35 1.2 Statement of Financial Position of the Company ........................................................................... -
Management Board's Report on Operations Of
Asseco Group Annual Report for the year ended December 31, 2019 Present in Sales revenues 56 countries 10 667 mPLN 26 843 Net profit attributable highly commited to the parent employees company's shareholders 322.4 mPLN Order backlog for 2020 5.3 bPLN 7 601 mPLN market capitalization 1) 1) As at December 30, 2019 Asseco Group in 2019 non-IFRS measures (unaudited data) Non-IFRS figures presented below have not been audited or reviewed by an independent auditor. Non-IFRS figures are not financial data in accordance with EU IFRS. Non-IFRS data are not uniformly defined or calculated by other entities, and consequently they may not be comparable to data presented by other entities, including those operating in the same sector as the Asseco Group. Such financial information should be analyzed only as additional information and not as a replacement for financial information prepared in accordance with EU IFRS. Non-IFRS data should not be assigned a higher level of significance than measures directly resulting from the Consolidated Financial Statements. Financial and operational summary: • Dynamic organic growth and through acquisitions – increase in revenues by 14.4% to 10 667.4 mPLN and in operating profit by 22.5% to 976.2 mPLN (1 204.4 mPLN EBIT non-IFRS – increase by 14.9%) • International markets are the Group’s growth engine – 89% of revenues generated on these markets • Double-digit increase in sales in the Formula Systems and Asseco International segments • 81% of revenues from the sales of proprietary software and services • Strong business diversification (geographical, sectoral, product) Selected consolidated financial data for 2019 on a non-IFRS basis For the assessment of the financial position and business development of the Asseco Group, the basic data published on a non-IFRS basis constitute an important piece of information. -
GRUPA AZOTY Zakłady Azotowe "Puławy" S.A
GRUPA AZOTY Zakłady Azotowe "Puławy" S.A. Investment or Cooperation Offer April 2016 Puławy Production Park - (PPP) Subzone Puławy SEZ Starachowice www.sse.pulawy.com On 24 April, 2003, Puławy Municipality and Zakłady Azotowe "Puławy" S.A. (ZAP S.A.), set up the Puławy Production Park. Today Puławy Production Park spreads out on the area of nearly 700 ha and it covers four areas of competence: 1. Puławy Production Park (PPP) - area of approx. 570 ha, administered by Zakłady Azotowe "Puławy" S.A. 2. Puławy Subzone of The "Starachowice" Special Economic Zone - area of approx. 99 ha, located with in the premises of Puławy Production Park - administered by the Management of SSE "Sta- rachowice" S.A. and the Management Board of GRUPA AZOTY Zakłady Azotowe "Puławy" S.A. 3. Puławy Production Park - area of approx. 130 ha, administered by Puławy Municipality. 4. Puławy Science and Technology Park (PPN-T) - curently erected within the premises of PPP, administered by Puławy Municipality. 1 Location Puławy is situated in the South-East Poland, where the three following geographic regions meet: Nizina Mazowiecka, Małopolski Przełom Wisły and Wyżyna Lubelska. Distances from bigger towns of the region, Poland and Europe: Warsaw 110 km Lublin 45 km Lwów 260 km Berlin 700 km Nearest airports: Świdnik 55 km Warsaw 110 km Rzeszów 167 km Nearest sea ports: Gdańsk, Gdynia approx. 450 km - own transshipment terminal. Profile of the Subzone Due to specific activity of GRUPA AZOTY Zakłady Azotowe "Puławy" S.A., closely related to the "Great Chemical Synthesis Sector", the Puławy Subzone of the Starachowice Special Economic Zone is a perfect location for investors whose undertakings can be realized in cooperation with GA ZAP SA, based on a broad basis of products and components manufactured in Puławy, available here unique media and feedstocks. -
Societatea Energetica Electrica S.A
SOCIETATEA ENERGETICA ELECTRICA S.A. Condensed Consolidated Interim Financial Information 30 June 2016 SOCIETATEA ENERGETICA ELECTRICA SA CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION AS AT AND FOR THE SIX MONTH PERIOD ENDED 30 JUNE 2016 Contents Condensed consolidated statement of financial position 1 Condensed consolidated statement of profit or loss 3 Condensed consolidated statement of comprehensive income 5 Condensed consolidated statement of changes in equity 7 Condensed consolidated statement of cash flows 9 Notes to the condensed consolidated interim financial information 1. Reporting entity and general information 11 2. Basis of accounting 12 3. Basis of measurement 13 4. Significant accounting policies 13 5. Operating segments 14 6. Revenue 18 7. Other income 19 8. Earnings per share 19 9. Dividends 20 10. Income taxes 20 11. Cash and cash equivalents 20 12. Deposits, treasury bills and government bonds 21 13. Trade receivables 21 14. Other payables 21 15. Employee benefits 22 16. Employee benefit expense 22 17. Provisions 23 18. Financial instruments - fair values 24 19. Related parties 26 20. Subsidiaries in financial distress 28 i SOCIETATEA ENERGETICA ELECTRICA SA CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2016 (All amounts are in THOUSAND RON, if not otherwise stated) Note 30 June 2016 31 December (unaudited) 2015 ASSETS Non-current assets Intangible assets related to concession arrangements 3,737,709 3,700,211 Other intangible assets 13,919 14,295 Property, plant and equipment 736,301 779,264 -
Financial Statements of Asseco Poland S.A
Asseco Poland S.A. Annual Report Annual Report for the year ended 31 December 2017 Financial Statements of Asseco Poland S.A. for the year ended 31 December 2017 FINANCIAL STATEMENTS OF ASSECO POLAND S.A. for the year ended 31 December 2017 FINANCIAL HIGHLIGHTS OF ASSECO POLAND S.A. ............................................................................................ 5 INCOME STATEMENT OF ASSECO POLAND S.A. ................................................................................................ 8 STATEMENT OF COMPREHENSIVE INCOME OF ASSECO POLAND S.A. .............................................................. 9 STATEMENT OF FINANCIAL POSITION OF ASSECO POLAND S.A. ..................................................................... 10 STATEMENT OF CHANGES IN EQUITY OF ASSECO POLAND S.A. ...................................................................... 12 STATEMENT OF CASH FLOWS OF ASSECO POLAND S.A................................................................................... 13 SUPPLEMENTARY INFORMATION TO THE FINANCIAL STATEMENTS ............................................................... 14 I. GENERAL INFORMATION............................................................................................................................... 14 II. BASIS FOR THE PREPARATION OF FINANCIAL STATEMENTS ......................................................................... 15 1. Basis for preparation ...........................................................................................................................