A Word from the Managing Director

Transcription

1 A N N U A L R E P O R T

2 2 A Word from the Managing Director

3 Dear Shareholders, You are holding in your hands Unicorn Systems annual report, which summarizes the results of our activities in This year can be evaluated as successful because we managed to meet our planned goals. We reached a turnover of EUR 44.1 million, almost 90 % of which came from the services provided. A fundamental part of revenues was derived from services in the area of development, operation and support of information systems. The year 2009 was successful for us in terms of gaining projects and new customers abroad. The most valuable deals included winning a tender for the delivery of a software platform for common security analyses of the electricitytransmission system. The tender was announced by eleven Transmission System Operators (TSO), brought together under the TSO Security Cooperation initiative and ensuring the supply of electricity for 170 million Europeans. Another major achievement was winning a tender for the supplier of a business platform that enables participants of the energy market to access the transmission capacity on a submarine interconnector between Great Britain and the Netherlands. The tender was announced by BritNed. All these results are reflected not only in economic success but also in customer satisfaction. We provide quality services which bring high added value, on time and for appealing prices. Our approach has allowed us to develop trustworthy relations with our key clients, Česká spořitelna, Komerční banka, Tatra banka, Česká pojišťovna, Allianz, ČEPS, SEPS or Telefónica O2 and Škoda Auto. Hereby I would like to thank all our partners and clients for their confidence. We greatly appreciate it and we shall enhance it further on by providing high-quality services. Our success would, of course, not have been possible without our outstanding employees and their willingness to contribute their ideas and efforts to the company. I deeply appreciate their work. In 2010, Unicorn Systems plans to increase its turnover. Other priority goals include maintaining the current growth of the international revenue and the revenue from the implementation of business information systems on the Unicorn Enterprise System platform and Unicorn Universe service. I believe we shall manage to fulfill these goals and the following year will be another one in a long row of Unicorn System s successful years. Ing. Jiří Mráz Managing Director

4 Basic Company Data Company: Unicorn Systems a. s. Registered Office: V Kapslovně 2/2767, Praha 3, Legal Form: joint stock company Business Registration: Taxpayer ID: CZ Unicorn Systems a. s. was established on the day of its incorporation, March 5, Its line of business, as defined under the trade law, is providing software and consulting in the area of hardware and software, wholesale and specialized retail trade. 4

5 History 2009 Unicorn completed division of its activities into three areas: Unicorn Systems, Unicorn Universe and Unicorn Learning Center. The company moved into a new Executive Briefing Centre in Classic 7. Unicorn Systems launched new significant international projects and maintained its leading position on the market A new successful service, Unicorn Universe, was introduced into the market. The service is based on the SaaS (Software as a Service) and provides a full-featured information system for managing a company. Unicorn established a new system of management supporting the protection of the environment and fulfilling legislative requirements related to the environment based on ISO 14001: The corporation achieved a turnover of unprecedented CZK 1,205 million, while the year-on-year growth was 20 %. Additionally, our activities abroad greatly increased. In September 2007, Unicorn College, a newly established private college of information technologies started its classes The holding is divided into three groups, Unicorn a.s., Vigour a.s. and VIG Plus a.s. Each of these groups focuses on its own field of activity. Unicorn provides ICT services with high added value. Vigour concentrates on selection, qualification and training of ICT specialists and VIG Plus focuses on providing benefits to employees from all the three groups Unicorn continues to expand its impact both in the Czech Republic and abroad. Unicorn establishes development centers in Plzeň and Brno and a branch office in the United Kingdom. The corporation also becomes a co-founder of European Software Association The turnover continues to grow, basic capital is increased to CZK 100 million. All the companies of the holding move into one prestigious residence, Danube House The corporation reaches a turnover of CZK 562 million, which is almost triple the turnover of 2000 (174 % growth) Unicorn Holdings is transformed into Unicorn a.s. with an increase in basic capital of CZK 87 million Unicorn opens a development center in Hradec Králové Unicorn receives ISO certification. In the same year it expands internationally and establishes daughter companies in Croatia and Slovakia Individual business units of Unicorn are divided into independent daughter companies of Unicorn Group The company financially strengthens its activities in the area of information systems and technology. Unicorn incorporated company is established Unicorn expands the portfolio of its services which are closely linked to the software development itself and include consulting services, technology distribution, training and maintenance Unicorn expands and develops a more complex structure. Unicorn Group is established and after some time becomes the core of the Unicorn companies. With its development a new system of employees is created under the umbrella of Vigour Unicorn reaches a turnover of one million American dollars Vladimír Kovář establishes a company called Unicorn.

6 Economic Results Earnings Development Unicorn Systems is a part of Unicorn holding which has been providing comprehensive services in the field of information systems and information and communication technologies for the past 20 years. Long-term growth of the company is one of the fundamental objectives of the corporation. In 2009, Unicorn Systems solidified its position in the market. The consolidated turnover of the company reached EUR 44.1 million while, traditionally, more than 87 % of the turnover came from services. Major part of revenue was derived from services in the area of development, operation and support of large information systems. mil. EUR 50,0 46,1 46,6 46,3 * 40,0 36,4 30,0 26,9 20,0 18,5 20,3 13,1 10,0 1,6 3,9 4,3 4,9 5,2 6,7 9,9 0 * 2009 consolidated revenue is for Unicorn Systems a.s. only. Revenues until 2008 are stated for the Unicorn holding. In 2009, the Unicorn holding managed to slightly increase its turnover. Employee Development By the end of 2009, Unicorn Systems and its partner, Vigour, together employed over 700 employees. The average age of our employees was 28. Each new employee completes a series of introductory trainings where they not only learn more about skills required by their position but also about the company s culture. After the training ends, our employees obviously continue developing their skills. Unicorn Systems considers education a continual, never-ending process. 6

7 Successes of 2009 Unicorn Systems achieved positive results in projects in the areas of banking services, insurance, energy, telecommunications and industry. Komerční banka Application DISPO The DISPO application is a key system of Komerční Banka supporting two fundamental processes for debt recovery, the so called soft collections and hard collections. Not only does it integrate information from other KB systems, but it also allows to easily define the strategy of collections. In the sixth phase, Unicorn Systems realized the implementation of additional customer requirements. KB required to introduce new groups of clients in the collection process, to automate the collection of information, to extend the audit of manual operations and to generally simplify the work with IS DISPO including its administration. Allianz Application CHEX In the first phase of the CHEX project, Unicorn Systems developed and deployed an information system for automation of insurance claims handling processes and their subsequent processing, including visits of an insurance inspector. This solution was built on the IBM TeamWorks platform. Tatra Banka Package Redesign GATE allows workers of Tatra banka a comprehensive view of clients registered in other banking systems, not only from the perspective of information relating directly to the clients but also in terms of products and services they use in Tatra banka. The package redesign, which was successfully deployed, brought a comprehensive solution for opening of current accounts with a service package. The main objective was to replace the old system of solving the opening and changing of package current accounts and to automate and de-duplicate various manual steps. ČEPS Damas Energy In 2009, Damas Energy was deployed. It was a third version of the system which brought major technological and conceptual changes. Damas Energy is a comprehensive solution for most business processes of the European Transmission System Operators (TSO). Thanks to its unique properties, particularly in terms of configurability and flexibility, Damas is becoming a widely used platform for many applications in the field of electricity industry and beyond. National Grid and RTE IS for Trading with Capacities to Transfer Power between Great Britain and France Unicorn Systems began the operation of information system for trading with the capacities for electricity transfer between Great Britain and France. The Damas information system provides comprehensive services for the allocation, administration and management of cross-border electricity transmissions on a submarine interconnector between the British provider of transmission systems National Grid (NG) and the French Réseau de Transport d Electricité (RTE). It is a fully outsourced solution. Unicorn Systems provided the development and deployment of the system, but also delivered necessary infrastructure and provides hosting operation of the whole solution, including user and operational support. Data Boxes Together with the introduction of egovernment Information System Data Boxes (ISDS) Unicorn Systems presented an application for management of data boxes on the MS SharePoint platform. This solution helps small, medium and large companies to streamline the exchange of data messages with the public administration agenda and optimize their internal processing. This solution is being used by dozens of clients throughout the Czech Republic such as Česká pojišťovna, Seznam.cz, PHOENIX medical wholesaler, SITA CZ or Hradecká lesní a dřevařská společnost. Vodafone Testing of Applications Unicorn Systems has become one of Vodafone s strategic partners in the supply of capacities for testing. It has provided for Vodafone performance-testing of the Mobile2Web project. Mobile2Web is a portal with many functionalities common in community portals and many others serving customers of Vodafone. Telefónica O2 Project Management Office Unicorn Systems provided for Telefónica O2 CZ with the Project Management Office (PMO) service within the realization of ICT projects. The service includes providing methodology, consultants, and the Unicorn Universe for management support and information sharing. DHL Comet Testing Unicorn Systems executed complete performance tests of the Comet application, created on the Siebel platform, which ensures all-encompassing support of the DHL business structure. The overall preparation of tests, including testing of data, execution and evaluation of tests and complete administration of the testing environment was provided as a service to DHL.

8 Selected Basic Indicators Profit and Loss Statement Designation TEXT No. Fact in the accounting period (in EUR thousands) 2009 I. Revenues from sales of goods A. Costs paid for sold goods Business margin II. Services B. Services consumption Added value C. Staff costs D. Taxes and fees 17 2 E. Depreciation of long-term intangible and tangible assets III. Revenues from sales of long-term assets and materials 19 0 F. Net book value of long-term assets and materials sold 22 0 G. Change in status of operational reserves and adjusting entries 25 0 IV. Other operating revenues 26 3 H. Other operating costs * Consolidated operating trading result VI. Receipts from sales of securities and shares 31 0 J. Sold securities and shares 32 0 VII. Revenue from long-term financial assets 33 0 VIII. Revenue from short-term financial assets 37 0 K. Costs of financial assets 38 0 IX. Revenues from revaluation of securities and derivates 39 0 L. Costs of securities and derivates revaluation 40 0 M. Change in status of financial reserves and adjusting entries 41 0 X. Interest received 42 1 N. Interest paid 43 0 XI. Other financial revenues O. Other financial costs * Consolidated trading result from current activities Q. Income tax from current activities ** Consolidated trading result from current activities XIII. Extraordinary revenues 53 0 R. Extraordinary costs 54 0 Clearing of consolidation loss N/A Clearing of consolidation profit N/A S. Income tax from extraordinary activities 55 0 * Consolidated extraordinary trading result 58 0 *** Consolidated trading result for accounting period w/o equivalence share from that Trading result for current accounting period w/o minority interest *** Consolidated trading result for accounting period **** Consolidated profit or loss before taxation

9 Balance Sheet Rozvaha Designation ASSETS No. Fact in the accounting period (in EUR thousands) 2009 TOTAL ASSETS Skutečnost v účetním období (v tis. Kč) A. OZN. Receivables AKTIVAfor stock subscriptions Řád B. Fixed assets AKTIVA CELKEM B. I. Long-term intangible assets A. Pohledávky za upsaný vlastní kapitál B. II. Long-term tangible assets B. Dlouhodobý majetek B. III. Long-term financial assets B. I. Dlouhodobý nehmotný majetek B. IV. Positive consolidation difference 0 B. II. Dlouhodobý hmotný majetek B. V. Securities in equivalence 0 B. III. Dlouhodobý finanční majetek C. Current assets B. IV. Aktivní konsolidační rozdíl 0 0 C. I. Inventory B. V. Cenné papíry v ekvivalenci 0 0 C. II. Long-term receivables C. Oběžná aktiva C. III. Short-term receivables C. I. Zásoby C. IV. Current liquid assets C. II. Dlouhodobé pohledávky D. Other assets temporary assets accounts C. III. Krátkodobé pohledávky C. IV. Krátkodobý finanční majetek Fact in the accounting period D. Designation Ostatní aktiva přechodné účty aktiv LIABILITIES 063 No (in EUR thounsands) OZN. TOTAL LIABILITIES PASIVA Řád 067 Skutečnost v účetním období (v tis. Kč) A. Equity capital A. I. Authorized PASIVA capital CELKEM A. A. II. Capital Vlastní fundskapitál A. A. III. I. Reserve Základní funds kapitál and other funds from profit A. A. IV. II. Trading Kapitálové result from fondy recent years A. A. V. III. Trading Rezervní result in fondy current a ostatní accounting fondy period ze ziskuw/o minority interests A. A. V.1. IV. Trading Výsledek result in hospodaření current accounting minulých period let (+/ ) A. A. V.2. Share Výsledek in profit hospodaření and loss in equivalence běžného úč. období bez menšinových podílů A. A. VI. V.1. Negative Výsledek consolidation hospodaření difference běžného úč. období (+/ ) A. A. VII. V.2. Consolidation Podíl na hospodářském reserve fund výsledku v ekvivalenci 0 00 B. A. VI. Loan Pasivní capital konsolidační rozdíl B. A. I. VII. Reserves Konsolidační rezervní fond B. B. II. Long-term Cizí zdroje liabilities B. B. III. I. Short-term Rezervy liabilities B. B. IV. II. Bank Dlouhodobé credits and accommodation závazky B. B. IV.1 III. Long-term Krátkodobé bank credits závazky B. B. IV.2 Short-term Bankovní financial úvěry accommodation a výpomoci C. B. IV.1 Other Bankovní liabilities úvěry temporary dlouhodobé liabilities accounts D. B. IV.2 Minority Krátkodobé equity capital finanční výpomoci C. Ostatní pasíva časové rozlišení D. Menšinové vlastní jmění 0 0 D.I. Menšinové základní jmění 0 0 D.II. Menšinové kapitálové fondy 0 0 D.III. Menšinové ziskové fondy včetně nerozděleného zisku minulých let 0 0 D.IV. Menšinový hospodářský výsledek běžného účetního období 0 0

10 Products and Services Unicorn Systems is a renowned European company providing the largest information systems and solutions in the area of information and communication technologies. We have focused on providing high added value and competitive edge to our clients for many years. We have been operating on the market since 1990 and since then we have created a series of high-end large-scale solutions that are widespread and used among the most important companies in a variety of sectors. We have the best references from banking, insurance, telecommunications, energy, industry, commerce and public sectors. Our customers are not only the largest companies but also market leaders. We have a detailed knowledge of the entire spectrum of all business sectors. We understand the principles of their operation as well as comprehend the specific needs of our customers. Our extensive team of systematically educated experts perfectly masters all current product lines, components and technology, therefore we have essentially no technological restrictions. Even though we enforce a lot of revolutionary ideas in our work, the overall delivery of proven solutions are subject to fundamental criteria quality, scope, term and budget. 10

11 We provide comprehensive services and solutions including the processes of system integration, custom development, operation and first line and second line support. We also assure the supply of complete ICT infrastructure. After many years of operation in various fields of business we have extensive knowledge of specific business processes. We deliver training and consultancy outside information and communication technologies as well. We work with business services of the clients, helping them to define their assignment and we build a communication bridge between business and IT. > Consulting We help our clients set up business processes and ICT environment so that ICT solutions support the business plans. > Integration We create the communication bridge between business and IT. We provide solutions to business requests and integration of systems developed in ICT environment of the client. > Building Up We design and implement large-scale information systems that meet the business requirements of the client and give the necessary support in their business. > Operation We secure operation of information systems and the necessary supervision and management of ICT infrastructure, we ensure the availability of ICT functionality for users. > First Line Support We provide effective and immediate assistance to users of information systems with solutions to known issues including the provision of alternatives, and ensure communication with the second line support in dealing with unfamiliar problems. > Second Line Support We guarantee, with SLA, solutions to problems arising from the use of an information system which due to their difficulty are not addressed in the first line support, provide support to deal with new and non-standard operational tasks. > Infrastructure We provide a comprehensive supply network and communication infrastructure, computer security, HW and SW components and tools including their introduction into routine operation. > Education We provide standardized catalog training, we create custom courses and implement long-term targeted training programs.

12 12 Auditor s Report

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14 14 Contact

15 Successful projects from Unicorn Systems cover Europe almost entirely, as well as extending beyond its borders. Registered Office Unicorn Systems a. s. V Kapslovně 2/2767 CZ Praha 3 info@unicornsystems.eu Executive Briefing Centre Praha Business Park Classic 7 Jankovcova 1037/49 CZ Praha 7 Tel.: (+420) Bratislava Seberíniho 482/1 SK Bratislava Tel.: (+421) Development Centre Praha Hall Office Park Jankovcova 53 CZ Praha 7 Hradec Králové Hradecká 1151/2 CZ Hradec Králové Plzeň Rychtaříkova 1/2173 CZ Plzeň

16 Copyright Unicorn Systems, Part No. VGD10332/v003 26/08/2010