Interim Condensed Consolidated Financial Statements for the three months ended 31 March NFI Empik Media & Fashion S.A. and its subsidiaries

Size: px
Start display at page:

Download "Interim Condensed Consolidated Financial Statements for the three months ended 31 March 2006. NFI Empik Media & Fashion S.A. and its subsidiaries"

Transcription

1 Interim Condensed Consolidated Financial Statements for the three months ended 31 March 2006 NFI Empik Media & Fashion S.A. and its subsidiaries

2 Interim Condensed Consolidated Financial statements for the three months ended 31 March 2006 Introduction Narodowy Fundusz Inwestycyjny Empik Media & Fashion Spółka Akcyjna (NFI Empik Media & Fashion S.A., or the Company ), a company incorporated in Poland with registered offices located at ul. Zurawia 8, Warsaw, is the parent of the NFI Empik Media & Fashion Group (or the Group ) which comprises subsidiaries held directly and indirectly by NFI Empik Media & Fashion S.A. whose principal activities involve retail and wholesale operations in Poland, as well as the Czech and Slovak Republics. The Group is controlled by Empik Centrum Investments S.A. (incorporated in Luxembourg) which owns 59.36% of NFI Empik Media & Fashion S.A. s shares. The ultimate parent publishing financial statements of the Group is Eastbridge B.V./S.a.r.l. (a company incorporated in the Netherlands with the principal place of business in Luxembourg). NFI Empik Media & Fashion S.A. continues to operate under specific laws governing the activities of National Investment Funds. Shares of NFI Empik Media & Fashion S.A. are listed on the Warsaw Stock Exchange. NFI Empik Media & Fashion Group is organised into the following business segments: Fashion & Beauty. This comprises branded clothing and fashion accessories, products, perfumes and cosmetics; mainly licensed from world market leaders. Media & Entertainment. This comprises books & magazines, recorded music, films, early education, arts & crafts and paper products, games and home utility software, photography and language schools. Other. This comprises the holding company, NFI Empik Media & Fashion S.A. In addition to the above, the Group holds interests in companies owned by NFI Empik Media & Fashion S.A. and not disposed prior to the reverse acquisition. These are held with the view to disposal in the near future. A significant proportion of the Group`s annual sales are generated in the last quarter of the year, i.e. October to December. In 2005, the sales in this period for the Fashion and Beauty and Media and Entertainment segments were respectively 30.2% ( %) and 37.1 % ( %) of annual sales. Given considerable sales in the last quarter of the year (mainly in December), as well as higher sales margins achieved in this period, with the operating expenses remaining predominantly stable, a significant proportion of the year`s operating profit on the core business is generated in the last quarter of the calendar year. The interim condensed consolidated financial statement have been approved by the Board of Directors of NFI Empik Media & Fashion S.A. on 15 May Maciej Dyjas Christopher Weston The notes on pages from 9 to 17 constitute an integral part of this interim condensed consolidated financial statements

3 Interim Condensed Consolidated Financial statements for the three months ended 31 March 2006 Index Page Definitions 4 Interim consolidated income statement 5 Interim consolidated balance sheet 6 Interim consolidated statement of changes in equity 7 Interim consolidated cash flow statement 8 Notes to the interim condensed consolidated financial statements 9 The notes on pages from 9 to 17 constitute an integral part of this interim condensed consolidated financial statements 3

4 Definitions In these interim condensed consolidated financial statements the following terms are used: Retail and Distribution Group ( R&D Group ) comprises retail and wholesale operations in Poland as well as the Czech and Slovak Republics, and the trading operation in Switzerland owned directly or indirectly by Eastbridge B.V./S.a.r.l. that were contributed to NFI Empik Media & Fashion S.A. in exchange for its shares. NFI Empik Media & Fashion Group - Retail and Distribution Group enlarged by NFI Empik Media & Fashion S.A. as a result of the reverse acquisition. NFI Empik Media & Fashion Group is the continuation of the Retail and Distribution Group. Group NFI Empik Media & Fashion Group or Retail and Distribution Group, as context requires. Eastbridge Group Eastbridge N.V. (with effect from 6 August 2004, Eastbridge N.V. became Eastbridge B.V./S.a.r.l.) and its subsidiaries, including the Group. Both names have been used in the text Eastbridge N.V. in the historical context and Eastbridge B.V./S.a.r.l. with respect to recent events occurring after the change of the name. Other Eastbridge Companies Eastbridge B.V./S.a.r.l. (see above for change to B.V.) and its subsidiaries other than the Group. 4

5 Interim consolidated income statement for the three months ended 31 March 2006 '000' PLN '000' PLN Sales Purchase of goods and changes in inventories ( ) ( ) Employee compensation and benefit expense (48 777) (41 222) Other operating costs (60 921) (55 824) Depreciation, amortisation and impairment charges (8 854) (7 939) Other gains - net Gain on disposal of available-for-sale investments Notes Operating loss (4 971) (4 930) Finance costs 3 (1 973) (551) Share of profit/(loss) of associates Loss before income tax (6 012) (5 373) Income tax expense 934 (422) Loss for the year (5 078) (5 795) Attributable to: Equity holders of the Company (5 572) (5 803) Minority interest (5 078) (5 795) Basic and diluted earnings per share from continuing operations attributable to the equity holders of the Company (not in thousands) 4 (0.05) (0.05) 5

6 Interim consolidated balance sheet as at 31 March 2006 ASSETS Notes '000' PLN '000' PLN Non current assets Property, plant and equipment Goodwill Other intangible assets Investments in associates Deferred income tax assets Derivative financial instruments Trade and other receivables Available-for-sale financial assets Current assets Inventories Trade and other receivables Derivative financial instruments Other financial instruments at fair value through profit or loss Cash and cash equivalents Total assets EQUITY Capital and reserves attributable to the Company's equity holders Share capital Other reserves (241) (4 363) Retained earnings (30 639) (25 067) Minority interest Total equity LIABILITIES Non current liabilities Payables Borrowings Deferred income tax liabilities Current liabilities Trade and other payables Current income tax liabilities Borrowings Derivative financial instruments Total liabilities Total equity and liabilities

7 Consolidated statement of changes in equity For the three months ended 31 March 2006 Attributable to equity holders of the Company Minority interest Total equity Share capital Other reserves Retained earnings Balance as at 1 January (4 363) (25 067) Cash flow hedges, net of tax Currency translation differences Net loss recognised directly in equity Loss for the year - - (5 572) 494 (5 078) Total loss recognised for (5 572) 494 (1 631) Share based payment remuneration programm Balance as at 31 March (241) (30 639) For the three months ended 31 March 2005 Attributable to equity holders of the Company Share capital Additional paid in capital Other reserves Retained earnings Minority interest Total equity Balance as at 1 January (1 135) (85 867) Cash flow hedges, net of tax Currency translation differences Net loss recognised directly in equity Loss for the period (5 803) 8 (5 795) Total loss recognised for (5 803) 8 (4 495) Balance as at 31 March (91 670)

8 Consolidated statement of cash flows for three months ended 31 March 2006 '000' PLN '000' PLN Loss from ordinary activities before taxation and minority interests (6 012) (5 373) Adjustments for: Depreciation, amortisation and impairment charges Profit on disposal of property, plant and equipment and intangibles Provisions (650) Financial costs - net (392) Gain on valuation of derivative financial instruments (4 863) - Profit on disposal of investments and operations - (723) Profit/(loss) participation in associates (932) (108) Operating earnings before working capital changes (1 579) Changes in working capital: Inventories (1 427) Trade and other receivables Trade and other payables (97 072) (64 428) Cash used in operations (62 977) (43 234) Interest paid (1 311) (1 345) Taxation paid (1 257) (1 444) Net cash used in operating activities (65 545) (46 023) Purchase of fixed assets (21 897) (13 514) Interest received Proceeds from disposal of fixed assets Net cash used in investing activities (20 525) (12 847) Proceeds from loans Related party financing (net) Repayment of borrowings (3 266) (2 797) Net cash from financing activities (1 549) 750 Net decrease in cash and cash equivalents (87 619) (58 120) Cash and cash equivalents at the beginning of the year Net decrease in cash and cash equivalents (87 619) (58 120) Effects of exchange rate changes on cash and cash equivalents Cash and cash equivalents at the end of the year Overdrafts included (30) - 8

9 Notes to the interim condensed consolidated financial information 1. Accounting policies Basis of preparation The interim condensed consolidated financial statements for the three months ended 31 March 2006 reflect the consolidated results, assets, liabilities and equity of the NFI Empik Media & Fashion Group. Accounting records and financial reporting framework The Group maintains its accounting records and prepares statutory financial information in accordance with local accounting and tax regulations. These interim condensed consolidated financial statements have been prepared based upon the Group`s accounting records in order to present the consolidated financial position, results of operations and of cash flows in accordance with International Financial Reporting Standards ("IFRS"). These interim condensed consolidated financial statements have been prepared in accordance with IAS 34, Interim Financial Reporting. The accounting policies used in the preparation of the interim condensed consolidated financial statements are consistent with those used in the consolidated financial statements for the year ended 31 December These interim condensed consolidated financial statements should be read in conjunction with the audited 31 December 2005 consolidated financial statements of the Group and the related notes. Costs that arise unevenly during the financial year are anticipated or deferred in the interim financial information only if it would be also appropriate to anticipate or defer such costs at the end of the financial year. The tax expense is recognised based on the best estimate of the weighted average annual income tax rate expected for the full financial year. The tax rate for the three month period ended 31 March 2006 is 19% ( %). All amounts, unless otherwise stated, are expressed in thousands of Polish zloties (PLN). The preparation of financial information requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities as at the date of the financial information and the reported amounts of income and expenditure during the reporting period. Actual results could differ from those estimates. Estimates are used principally when accounting for impairment of assets, depreciation and taxes. The fair value of financial instruments that are not traded in an active market (for example, the Sephora and Zara put options) is determined by using valuation techniques. The Group uses its judgement to select a variety of methods and makes assumptions that are mainly based on market conditions existing at the balance sheet date. The Group has used discounted cash flow analysis for various available for sale financial assets that were not traded in active markets. 9

10 Comparatives The Group previously presented in the period ended 31 March 2005 exchange gains and losses arising from operations within Finance income/(costs) net. Management believes that their presentation in Sales, Purchases of goods and changes in inventories, Other operating expenses and Other gains net are a fairer representation of the Group`s activities. This has led to an adjustment between the categories in 2005 of PLN 340. Accounting convention The consolidated financial statements have been prepared under the historical cost convention as modified by the fair-valuation of financial assets. Foreign currency transactions As discussed in the audited 31 December 2005 consolidated financial statements, the Group is exposed to risk relating to fluctuations of currencies other than PLN. The movement of key exchange rates affecting the financial position and performance of the Group during the reported periods were as follows: 31 March December March 2005 Closing rate Average rate Closing rate Average rate Closing rate Average rate EUR USD CZK GBP

11 2. Segment information Primary reporting format - business segments Three months ended Fashion & Media & Other Total 31 March 2006 Beauty Entertainment Group Sales Operating profit/segment result (8 260) (1 659) (4 971) Finance (costs)/income (2) (1 414) (556) (1 973) Share of profit of associates Profit/(loss) before income tax (7 330) (3 073) (6 012) Income tax expense 934 Loss for the priod (5 078) Minority interest 494 Loss attributable to equity holders (5 572) Total assets Total liabilities (99 770) ( ) (6 964) ( ) Other segment items Capital expenditure Depreciation Amortisation Impairment charge Other represents the results of NFI Empik Media & Fashion S.A. and EMF Investment Project Sp. z o.o., comprising principally overhead costs. Consolidation adjustments are included as well. 11

12 2. Segment information (cont.) Three months ended Fashion & Media & Other Total 31 March 2005 Beauty Entertainment Group Sales Operating profit/segment result (4 801) 788 (917) (4 930) Finance (costs)/income (373) (688) 510 (551) Share of profit of associates Profit/(loss) before income tax (5 174) 100 (299) (5 373) Income tax expense (422) Loss for the priod (5 795) Minority interest 8 Loss attributable to equity holders (5 803) Total assets * Total liabilities* ( ) ( ) (2 692) ( ) Other segment items Capital expenditure Depreciation Amortisation Impairment charge * This represents balances as at 31 December

13 3. Finance costs Interest income third party Interest income related party Interest expense third party (346) - Finance lease interest (1 546) (1 563) Net exchange differences (410) 531 Total (1 973) (551) Interest expense third party has arisen in respect of the Medium Term Notes issued between April and June Earnings per share Basic earnings per share is calculated by dividing the profit attributable to equity holders of the Group by the weighted average number of ordinary shares in issue during the year, excluding ordinary shares purchased by the Group and held as treasury shares. For the purposes of the calculation of the earnings per share, the number of shares issued by the NFI Hetman S.A. in exchange for the interest in the Retail and Distribution Group companies (100,027,989 shares) was assumed as the number of shares outstanding during the pre-combination period. The dilutive effect of the remuneration scheme of President of Management Board has been included in the calculation of the diluted earnings per share causing no differences as rounded to two decimal places Net loss attributable to shareholders (PLN) (5 572) (5 803) Weighted average number of shares (in thousands) Basic earnings per share (PLN not in thousands) (0.05) (0.05) Diluted earnings per share (PLN not in thousands) (0.05) - Diluted Diluted earning per share is calculated by adjusting the weighted average number of ordinary shares outstanding to assume conversion of all dilutive potential ordinary shares. Shares granted to the President of the Board constitute dilutive ordinary shares. 13

14 5. Other financial assets at fair value through the profit or loss Equity securities - UK On 25 October 2005, the Group signed a conditional agreement with Coffeeheaven International plc ( Coffeeheaven ), an UK based company quoted on the Alternative Investment Market in London as well as an owner and operator of coffee shops in the Polish market under the name Coffeeheaven, and which also operates in the Czech Republic and Latvia, whereby the Group purchased up to 10,045,455 shares in a forthcoming share capital increase of Coffeeheaven. The share capital increase took place on 23 November The transaction resulted in the Group owing 9.45 % of the newly increased share capital in Coffeeheaven. In the current period the Group recognised PLN of fair value gains. 6. Contingent liabilities and commitments The Group has a number of open litigation issues, arising from the disposal of entities held under the Mass Privatisation Programme. Bank Austria Creditanstalt, the former shareholder in Empik Media & Fashion S.A. has indemnified the Group against any liabilities arising from such litigation. As provided by general provisions of law, the tax authorities may, at any time, inspect the books and records within 5 years subsequent to the reported tax year, and, if any inaccuracies are found, may impose additional tax assessments and penalties. NFI Empik Media & Fashion SA's management is not aware of any circumstances which may give rise to a potential material liability in this respect. The Group s commitment in respect of HDS Wydawcy Prasy Sp. z o.o. is dealt with in note 29 of the IFRS consolidated financial information for the year ended 31 December The NFI Empik Media & Fashion Group also has contingent liabilities in respect of bank and other guarantees issued upon the request of the Group`s subsidiaries suretyships provided by NFI Empik Media & Fashion SA to guarantee rents and trade liabilities of its subsidiaries and other matters arising in the ordinary course of business. It is not anticipated that any material liabilities will arise from the contingent liabilities. 14

15 7. Related party transactions Flime Investment S.A. is an affiliate of Eastbridge B.V./S.a.r.l and Empik Centrum Investments S.A The Group is controlled by Empik Centrum Investments S.A. (incorporated in Luxembourg) which owns 59.36% of NFI Empik Media & Fashion S.A. s shares. The ultimate parent company publishing financial statements is Eastbridge B.V./S.a.r.l. (a company incorporated in the Netherlands with the principal place of business in Luxembourg). The ultimate controlling party of the Group is Mr Yaron Bruckner. Empik Centrum Investments S.A. and its subsidiaries, Eastbridge B.V./S.a.r.l. and its subsidiaries, are considered related parties for the purpose of the consolidated financial statements. Eastbridge BV/S.a.r.l. together with its subsidiaries, Flime Investments SA and Empik Centrum Investments SA (both incorporated in Luxembourg), own % of NFI Empik Media & Fashion SA`s shares. An additional 6.86 % of the shares are owned by NFI Empik Media & Fashion SA itself, which are in the process of being redeemed. Eastbridge BV/Sarl and Empik Centrum Investments S.A. and its subsidiaries, are considered related parties for the purpose of the consolidated financial statements. The balances arising from related party transactions at the reported dates were as follows: Short term receivables from Empik Centrum Investments S.A. & its subsidiaries Short term receivables from Eastbridge B.V./S.a.r.l. & its subsidiaries Short term liabilities to Empik Centrum Investments S.A. & its subsidiaries Short term liabilities to Eastbridge B.V./S.a.r.l. & its subsidiaries Revenues and costs arising from related party transactions during the reported periods were as follows: Operating lease rentals payable to Empik Centrum Investments S.A. subsidiaries Management fees payable to Eastbridge B.V./S.a.r.l

16 8. Post balance sheet events On 12 April 2006, the Group announced that the President of the Management Board sold 323,853 shares at a price of PLN per share. On 10 May 2006, the Group announced that its subsidiary, Empik Sp. z o.o., extended its loan agreement with ING Bank S.A. for EUR 10 million. The loan is to be repaid by 30 April 2007 and is secured by a put option which arose in respect of the disposal of 24% share holding in Sephora Polska Sp. z o.o. by Empik. The interest on the loan is EURIBOR plus 0.7% 9. Management Board remuneration Salaries Share based payments Total For the period ended 31 March 2006, the President and Management Board Member of the Group earned remuneration of respectively PLN 958 (including PLN 674 in respect of the share based remuneration programme) and PLN 166. For the period ended 31 March 2005, the amounts were PLN 167 and PLN 79 respectively. 16

Consolidated Financial Statements for the Third Quarter, ended 30 September 2007 NFI EMPiK Media & Fashion S.A. and its Subsidiaries

Consolidated Financial Statements for the Third Quarter, ended 30 September 2007 NFI EMPiK Media & Fashion S.A. and its Subsidiaries Consolidated Financial Statements for the Third Quarter, ended 30 September 2007 NFI EMPiK Media & Fashion S.A. and its Subsidiaries Abbreviated consolidated financial for 9 months ended 30 September 2007

More information

Interim Condensed Consolidated Financial Statements for the fourth quarter and year ended 31 December 2005

Interim Condensed Consolidated Financial Statements for the fourth quarter and year ended 31 December 2005 Interim Condensed Consolidated Financial Statements for the fourth quarter and year ended 31 December 2005 NFI Empik Media & Fashion S.A. and its subsidiaries Interim Condensed Consolidated Financial statements

More information

Standalone Financial Statements for the year ended 31 December NFI EMPiK Media & Fashion S.A.

Standalone Financial Statements for the year ended 31 December NFI EMPiK Media & Fashion S.A. Standalone Financial Statements for the year ended 31 December 2007 NFI EMPiK Media & Fashion S.A. Introduction Narodowy Fundusz Inwestycyjny EMPiK Media & Fashion Spółka Akcyjna ( NFI EMPiK Media & Fashion

More information

IFRS Consolidated financial information Year ended 31 December 2004. NFI Empik Media & Fashion S.A. and its subsidiaries

IFRS Consolidated financial information Year ended 31 December 2004. NFI Empik Media & Fashion S.A. and its subsidiaries IFRS Consolidated financial information Year ended 31 December 2004 NFI Empik Media & Fashion S.A. and its subsidiaries Introduction Narodowy Fundusz Inwestycyjny Empik Media & Fashion Spółka Akcyjna (NFI

More information

AB DNB Bankas Interim Condensed Financial Information

AB DNB Bankas Interim Condensed Financial Information i AB DNB as Interim Condensed Financial Information (in accordance with IFRS, unaudited) IV quarter TTHE GROUP AND BANK INCOME (EXPENSE) STATEMENT Notes 4th quarter 4th quarter 4th quarter 4th quarter

More information

TÜRKİYE İŞ BANKASI A.Ş. AND ITS SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2008

TÜRKİYE İŞ BANKASI A.Ş. AND ITS SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2008 AND ITS SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER CONSOLIDATED BALANCE SHEET Notes Convenience Translation (note 2) 2007 ASSETS USD 000 YTL 000 YTL 000 Cash and Cash

More information

Global City Holdings N.V. Interim Financial Report as at 30 June 2015

Global City Holdings N.V. Interim Financial Report as at 30 June 2015 Interim Financial Report as at 30 June 2015 Interim Financial Report for the six months ended 30 June 2015 CONTENTS Page Directors' report 1 Interim Condensed Consolidated Financial Statements as at 30

More information

Abbey plc ( Abbey or the Company ) Interim Statement for the six months ended 31 October 2007

Abbey plc ( Abbey or the Company ) Interim Statement for the six months ended 31 October 2007 Abbey plc ( Abbey or the Company ) Interim Statement for the six months ended 31 October 2007 The Board of Abbey plc reports a profit before taxation of 18.20m which compares with a profit of 22.57m for

More information

(This is a translation of a document originally issued in Polish) GRUPA LOTOS S.A.

(This is a translation of a document originally issued in Polish) GRUPA LOTOS S.A. (This is a translation of a document originally issued in Polish) GRUPA LOTOS S.A. INTERIM CONDENSED FINANCIAL STATEMENTS FOR THE SIX MONTHS ENDED JUNE 30TH 2008 PREPARED IN ACCORDANCE WITH THE INTERNATIONAL

More information

Finance income (165) (70) Finance expense 6, Foreign exchange loss (gain) 708 (1,460) Net finance costs 6,836 (1,478)

Finance income (165) (70) Finance expense 6, Foreign exchange loss (gain) 708 (1,460) Net finance costs 6,836 (1,478) Condensed interim consolidated income statement For the quarter ended September 30 Continuing operations Revenue 247,526 241,867 Cost of sales 200,994 202,207 Gross profit 46,532 39,660 Selling, general

More information

Year ended 31 Dec 2009

Year ended 31 Dec 2009 PACE PLC CHANGE OF FUNCTIONAL AND PRESENTATIONAL CURRENCY AND COMPARATIVES RE-PRESENTED IN US DOLLARS Introduction Pace announced at the time of its preliminary results announcement that the Board had

More information

IBM Finans Norge AS. Condensed Interim Financial Statements. 31 March 2014

IBM Finans Norge AS. Condensed Interim Financial Statements. 31 March 2014 Condensed Interim Financial Statements Condensed Interim Financial Statements For the Quarter Ended Contents Page Condensed Interim Statement of Comprehensive Income 2 Condensed Interim Statement of Financial

More information

IBM Finans Norge AS. Condensed Interim Financial Statements. 31 March 2013

IBM Finans Norge AS. Condensed Interim Financial Statements. 31 March 2013 Condensed Interim Financial Statements Condensed Interim Financial Statements For the Quarter Ended Contents Page Condensed Interim Statement of Comprehensive Income 2 Condensed Interim Statement of Financial

More information

Transition to International Financial Reporting Standards

Transition to International Financial Reporting Standards Transition to International Financial Reporting Standards Topps Tiles Plc In accordance with IFRS 1, First-time adoption of International Financial Reporting Standards ( IFRS ), Topps Tiles Plc, ( Topps

More information

ARD Finance S.A. Interim Financial Statements

ARD Finance S.A. Interim Financial Statements ArdaghGroup Interim Financial Statements For the three and nine months ended 30 September 2016 www.ardaghgroup.com TABLE OF CONTENTS Page UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL INFORMATION

More information

Interim financial statements of the Bank Pekao S.A. Group for the first quarter of 2010 prepared according to International Financial Reporting

Interim financial statements of the Bank Pekao S.A. Group for the first quarter of 2010 prepared according to International Financial Reporting Interim financial statements of the Bank Pekao S.A. Group prepared according to International Financial Reporting Standards Warsaw, May 12, 2010 Table of Contents SELECTED FINANCIAL DATA... 3 SUMMARY...

More information

For the quarter ended June 30 In thousands of US Dollars Unaudited Unaudited

For the quarter ended June 30 In thousands of US Dollars Unaudited Unaudited Condensed interim consolidated income statement For the quarter ended June 30 Revenue 257,443 278,941 Cost of sales 212,830 233,978 Gross profit 44,613 44,963 Selling, general and administrative expenses

More information

Abbreviated Interim Separate Financial Statements of BNP Paribas Bank Polska SA for the first half of 2012

Abbreviated Interim Separate Financial Statements of BNP Paribas Bank Polska SA for the first half of 2012 Abbreviated Interim Separate Financial Statements of BNP Paribas Bank Polska SA for the first half of 2012 BNP Paribas Bank Polska SA with its registered office at ul. Suwak 3, registered with the District

More information

EMIRATES NBD BANK PJSC

EMIRATES NBD BANK PJSC GROUP CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS FOR THE SIX MONTHS PERIOD ENDED 30 JUNE 2016 GROUP CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS Contents Page Independent auditors report

More information

Selling, general and administrative expenses 31,298 30,143 Restructuring expense 68 1,694 Other income, net (8) (88) Operating profit 12,933 11,553

Selling, general and administrative expenses 31,298 30,143 Restructuring expense 68 1,694 Other income, net (8) (88) Operating profit 12,933 11,553 Condensed interim consolidated income statement Continuing operations Revenue 237,399 256,991 Cost of sales 193,108 213,689 Gross profit 44,291 43,302 Selling, general and administrative expenses 31,298

More information

OOREDOO Q.S.C. CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015

OOREDOO Q.S.C. CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS 30 SEPTEMBER 2015 CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS As at and for the nine months ended 2015 CONTENTS Page (s) Independent auditors

More information

ARM Holdings plc Consolidated balance sheet - IFRS

ARM Holdings plc Consolidated balance sheet - IFRS ARM Holdings plc Consolidated balance sheet - IFRS 30 June 31 December 2013 2012 Unaudited Audited Assets Current assets: Cash and cash equivalents 68.2 46.3 Short-term deposits 471.4 340.0 Embedded derivatives

More information

SAMCHEM HOLDINGS BERHAD (Company No: U) (Incorporated in Malaysia with limited liability under the Companies Act, 1965)

SAMCHEM HOLDINGS BERHAD (Company No: U) (Incorporated in Malaysia with limited liability under the Companies Act, 1965) INTERIM FINANCIAL REPORT FOR THE QUARTER ENDED 31 MARCH 2015 1 UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE PERIOD ENDED 31 MARCH 2015 Individual Quarter Cumulative Quarter

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) Q2 2015 Q2 2016 % change H1 2015 H1 2016 % change Revenue 691 645-6.7% 1,313 1,248-5.0% Cost of sales (462) (416) -10.0% (887) (824) -7.1% Gross

More information

GROSS PROFIT 3,600 3,200 2,800 2,400 2,000 1,600 1,200 6M 2016 FY 2012 IN MILLIONS OF CHF FY M % SOUTHERN EUROPE AND AFRICA

GROSS PROFIT 3,600 3,200 2,800 2,400 2,000 1,600 1,200 6M 2016 FY 2012 IN MILLIONS OF CHF FY M % SOUTHERN EUROPE AND AFRICA SIX MONTHS REPORT 2016 DUFRY AT A GLANCE TURNOVER GROSS PROFIT MARGIN 6,300 5,600 4,900 4,200 3,500 2,800 2,100 1,400 700 0 2012 2013 2014 2016 3,600 3,200 2,800 2,400 2,000 1,600 1,200 800 400 0 2012

More information

OOREDOO Q.S.C. DOHA - QATAR

OOREDOO Q.S.C. DOHA - QATAR DOHA - QATAR CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR S REVIEW REPORT FOR THE SIX-MONTH PERIOD ENDED 30 JUNE 2016 CONDENSED CONSOLIDATED INTERIM STATEMENT OF PROFIT OR

More information

Public Joint Stock Company Kuzbasskaya Toplivnaya Company (trading as KTK ) Unaudit Condensed Interim Consolidated Financial Statements for the six

Public Joint Stock Company Kuzbasskaya Toplivnaya Company (trading as KTK ) Unaudit Condensed Interim Consolidated Financial Statements for the six Public Joint Stock Company Kuzbasskaya Toplivnaya Company (trading as KTK ) Unaudit Condensed Interim Consolidated Financial Statements for the six months ended 30 June 2015 Contents Consolidated Statement

More information

The statements are presented in pounds sterling and have been prepared under IFRS using the historical cost convention.

The statements are presented in pounds sterling and have been prepared under IFRS using the historical cost convention. Note 1 to the financial information Basis of accounting ITE Group Plc is a UK listed company and together with its subsidiary operations is hereafter referred to as the Company. The Company is required

More information

THE POLSKI HOLDING NIERUCHOMOŚCI SPÓŁKA AKCYJNA GROUP

THE POLSKI HOLDING NIERUCHOMOŚCI SPÓŁKA AKCYJNA GROUP THE POLSKI HOLDING NIERUCHOMOŚCI SPÓŁKA AKCYJNA GROUP Selected financial data Selected consolidated financial data in PLN million Period ended Period ended Period ended in EUR million Period ended I. Operating

More information

IBM Finans Norge AS. Condensed Interim Financial Statements. 30 September 2015

IBM Finans Norge AS. Condensed Interim Financial Statements. 30 September 2015 Condensed Interim Financial Statements Condensed Interim Financial Statements For the Quarter Ended Contents Page Condensed Interim Statement of Comprehensive Income 2 Condensed Interim Statement of Financial

More information

IBM Finans Norge AS. Condensed Interim Financial Statements. 30 September 2014

IBM Finans Norge AS. Condensed Interim Financial Statements. 30 September 2014 Condensed Interim Financial Statements Condensed Interim Financial Statements For the Quarter Ended Contents Page Condensed Interim Statement of Comprehensive Income 2 Condensed Interim Statement of Financial

More information

Union National Bank - Public Joint Stock Company. Interim Condensed Consolidated Financial Statements. 30 September 2009 (Unaudited)

Union National Bank - Public Joint Stock Company. Interim Condensed Consolidated Financial Statements. 30 September 2009 (Unaudited) Union National Bank - Public Joint Stock Company Interim Condensed Consolidated Financial Statements 30 September 2009 (Unaudited) Union National Bank Public Joint Stock Company Interim condensed consolidated

More information

AAA Auto Group N.V. Interim Statement May 2013

AAA Auto Group N.V. Interim Statement May 2013 Interim Statement May 2013 Material events in the first four months of 2013 and their impact on AAA AUTO Group As all material events in the first four months of 2013 have been commented in Company s Annual

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) FY 2014 FY 2015 % change Q4 2014 Q4 2015 % change un Revenue 2,620 2,646 1.0% 711 672-5.5% Cost of sales (1,813) (1,804) -0.5% (489) (464) -5.1%

More information

Quarterly report containing interim financial statements of AB Group for Q

Quarterly report containing interim financial statements of AB Group for Q Interim Consolidated Financial Statements of the AB Group Quarterly report containing interim financial statements of AB Group for Q3 2012-2013 covering the period from 01-01-2013 to 31-03-2013 Publication

More information

Interim Financial Statements

Interim Financial Statements [Type text] Interim Financial Statements KCA Deutag Alpha Limited For the twelve months ended 31 December 2015 Page 1 of 11 Table of Contents Consolidated income statement... 3 Consolidated statement of

More information

IBM Finans Norge AS. Condensed Interim Financial Statements. 31 March 2015

IBM Finans Norge AS. Condensed Interim Financial Statements. 31 March 2015 Condensed Interim Financial Statements Condensed Interim Financial Statements For the Quarter Ended Contents Page Condensed Interim Statement of Comprehensive Income 2 Condensed Interim Statement of Financial

More information

Ascential plc. Notice of 2016 interim results Prior year interim results to 30 June 2015

Ascential plc. Notice of 2016 interim results Prior year interim results to 30 June 2015 29 June 2016 Ascential plc Notice of 2016 interim results Prior year interim results to 30 June 2015 Notice of 2016 interim results Ascential plc ( the Company or the Group" / LSE: ASC.L), the international,

More information

ARM Holdings plc Consolidated balance sheet - IFRS

ARM Holdings plc Consolidated balance sheet - IFRS ARM Holdings plc Consolidated balance sheet - IFRS 30 June 31 December 2010 2009 Unaudited Audited 000 000 Assets Current assets: Financial assets: Cash and cash equivalents 53,746 34,489 Short-term investments

More information

15 September 2011 VOLEX PLC ( Volex or the Group ) Transition to US Dollar reporting Restatement of historical financial information in US Dollars

15 September 2011 VOLEX PLC ( Volex or the Group ) Transition to US Dollar reporting Restatement of historical financial information in US Dollars 15 September VOLEX PLC ( Volex or the Group ) Transition to US Dollar reporting Restatement of historical financial information in US Dollars As communicated in our annual financial statements for the

More information

Acal plc. Accounting policies March 2006

Acal plc. Accounting policies March 2006 Acal plc Accounting policies March 2006 Basis of preparation The consolidated financial statements of Acal plc and all its subsidiaries have been prepared in accordance with International Financial Reporting

More information

for the year ended 31 December 2012 (Currency - Singapore dollars) for the year ended 31 December 2012 (Currency - Singapore dollars)

for the year ended 31 December 2012 (Currency - Singapore dollars) for the year ended 31 December 2012 (Currency - Singapore dollars) Consolidated Income Statement Consolidated Statement of Comprehensive Income Note 2012 2011 Note 2012 2011 Revenue 4 6,379,866 5,990,878 Cost of sales (4,923,568) (4,685,920) Gross profit 1,456,298 1,304,958

More information

BOUYGUES GROUP CONSOLIDATED FINANCIAL STATEMENTS

BOUYGUES GROUP CONSOLIDATED FINANCIAL STATEMENTS N N-51 BOUYGUES GROUP CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED BALANCE SHEET ( million) ASSETS 30/09/2014 31/12/2013 30/09/2013 N-52 Property, plant and equipment 6,360 6,246 6,278 Intangible assets

More information

January March 2016 Interim Consolidated Financial Statements

January March 2016 Interim Consolidated Financial Statements Interim Consolidated Financial Statements ONE 2 Interim Consolidated Financial Statements Consolidated Income Statement Total revenue 743.3 669.9 Materials and service expenses (304.1) (270.1) Personnel

More information

Consolidated Financial Statements

Consolidated Financial Statements Consolidated Financial Statements (1) Consolidated Balance Sheets As of February 28, 2014 As of February 28, 2015 Assets Current assets Cash and deposits 3,237,043 3,557,053 Notes and accounts receivable-trade

More information

SONAE INDÚSTRIA, S.G.P.S., S.A. CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AT 31 MARCH 2009 AND 31 DECEMBER (Amounts expressed in Euros)

SONAE INDÚSTRIA, S.G.P.S., S.A. CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AT 31 MARCH 2009 AND 31 DECEMBER (Amounts expressed in Euros) SONAE INDÚSTRIA, S.G.P.S., S.A. CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AT 31 MARCH 2009 AND 31 DECEMBER 2008 (Amounts expressed in Euros) ASSETS 31.03.2009 31.12.2008 NON CURRENT ASSETS: Tangible

More information

Volex Group plc. Transition to International Financial Reporting Standards Supporting document for 2 October 2005 Interim Statement. 1.

Volex Group plc. Transition to International Financial Reporting Standards Supporting document for 2 October 2005 Interim Statement. 1. Volex Group plc Transition to International Financial Reporting Standards Supporting document for 2 October 2005 Interim Statement 1. Introduction The consolidated financial statements of Volex Group plc

More information

Unaudited financial report for the six-month period ending 30 June RWE Finance B.V. s-hertogenbosch, the Netherlands

Unaudited financial report for the six-month period ending 30 June RWE Finance B.V. s-hertogenbosch, the Netherlands Unaudited financial report for the six-month period ending 30 June 2016 RWE Finance B.V. s-hertogenbosch, the Netherlands Content Interim report of the directors 3-6 Interim report of the directors 4-6

More information

Home Credit Slovakia, a.s.

Home Credit Slovakia, a.s. Condensed Interim Financial Statements for the three month period 31 March 2015 (unaudited) Condensed Interim Financial Statements for the three month period 31 March 2015 Contents Condensed Interim Statement

More information

CONSOLIDATED FINANCIAL STATEMENT YEAR ENDED DECEMBER

CONSOLIDATED FINANCIAL STATEMENT YEAR ENDED DECEMBER CONSOLIDATED FINANCIAL STATEMENT YEAR ENDED DECEMBER 31 2014 BOURBONOFFSHORE.COM SUMMARY 1. Financial position statement...3 2. Statement of comprehensive income... 4 3. Statement of consolidated cash-flows...

More information

Report of the Board of Directors

Report of the Board of Directors Report of the Board of Directors First Half 2010 In the first half of 2010, NedSense enterprises n.v. (the Company ) has performed on par with expectations, with results strongly improved as compared to

More information

Independent Auditors Review Report

Independent Auditors Review Report Independent Auditors Review Report The Board of Directors Acer Incorporated: We have reviewed the consolidated balance sheets of Acer Incorporated (the Company ) and subsidiaries as of June 30, 2011 and

More information

FBN Holdings Plc. STATEMENT OF FINANCIAL POSITION

FBN Holdings Plc. STATEMENT OF FINANCIAL POSITION STATEMENT OF FINANCIAL POSITION ASSETS Restated Restated 31 December 31 December 31 December 31 December 31 December 2014 2013 2012 2014 2013 N 'millions N 'millions N 'millions N 'millions N 'millions

More information

CENTURY LOGISTICS HOLDINGS BERHAD ( A) INTERIM FINANCIAL REPORT 31 DECEMBER 2016

CENTURY LOGISTICS HOLDINGS BERHAD ( A) INTERIM FINANCIAL REPORT 31 DECEMBER 2016 CENTURY LOGISTICS HOLDINGS BERHAD (424341-A) INTERIM FINANCIAL REPORT 31 DECEMBER 2016 21 February 2017 CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE QUARTER ENDED 31 DECEMBER 2016 ---------Individual

More information

Home Credit a.s. Condensed Interim Financial Statements for the nine month period ended 30 September 2009. (unaudited)

Home Credit a.s. Condensed Interim Financial Statements for the nine month period ended 30 September 2009. (unaudited) Condensed Interim Financial Statements for the nine month period 30 September 2009 (unaudited) Condensed Interim Financial Statements for the nine month period 30 September 2009 Contents Condensed Interim

More information

Module 8 Notes to the Financial Statements

Module 8 Notes to the Financial Statements I APPLY YOUR KNOWLEDGE Apply your knowledge of the requirements for the presentation of information in the notes to the financial statements in accordance with the IFRS for SMEs by solving the case study

More information

Nigerian Breweries Plc RC: 613. Unaudited Condensed Interim Financial Statements

Nigerian Breweries Plc RC: 613. Unaudited Condensed Interim Financial Statements RC: 613 Unaudited Condensed Interim Financial Statements For the Six Months Ended 30 th June, 2016 Contents Page Condensed interim income statement for three months ended 30 th June 2 Condensed interim

More information

CAPITAL GROUP CENTRUM NOWOCZESNYCH TECHNOLOGII SPÓŁKA AKCYJNA

CAPITAL GROUP CENTRUM NOWOCZESNYCH TECHNOLOGII SPÓŁKA AKCYJNA CAPITAL GROUP CENTRUM NOWOCZESNYCH TECHNOLOGII SPÓŁKA AKCYJNA MID-YEAR CONDENSED CONSOLIDATED FINANCIAL STATEMENT OF THE CAPITAL GROUP CNT S.A. AND MID-YEAR CONDENSED SEPARATE FINANCIAL STATEMENT OF CNT

More information

I. Consolidated Balance Sheet

I. Consolidated Balance Sheet I. Consolidated Balance Sheet Note At 30 2013 At 31 December ASSETS Non-current assets Property, plant and equipment 3.2 361 738 357 715 Goodwill 3.3 44 061 44 061 Other intangible assets 3.4 82 472 96

More information

Accounting policies. Innovating for the future Business review Corporate governance Financial statements

Accounting policies. Innovating for the future Business review Corporate governance Financial statements De La Rue plc (the Company) is a public limited company incorporated and domiciled in the United Kingdom. The address of its registered office is disclosed on page 102 of this annual report. The consolidated

More information

National Bank of Abu Dhabi PJSC

National Bank of Abu Dhabi PJSC Condensed consolidated interim financial statements 31 March 2011 Condensed consolidated interim financial statements Contents Page Independent auditors report on review of condensed consolidated interim

More information

Deep Sea Supply PLC. Financial Report

Deep Sea Supply PLC. Financial Report Deep Sea Supply PLC Quarter 4 2015 Financial Report 19 February 2016 Deep Sea Supply Plc 4Q 2015 Financial Report BOARD OF DIRECTORS REPORT In 4Q 2015, Deep Sea Supply ( DESS or Company ) reports consolidated

More information

FOR IMMEDIATE RELEASE 28 September 2015 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS

FOR IMMEDIATE RELEASE 28 September 2015 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS FOR IMMEDIATE RELEASE 28 September 2015 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS Bond International Software Plc ( the Group ), the specialist provider of software for the international

More information

GTB Finance B.V. Amsterdam. Annual report and accounts for the year Page 1 of 17

GTB Finance B.V. Amsterdam. Annual report and accounts for the year Page 1 of 17 GTB Finance B.V. Amsterdam Annual report and accounts for the year 2011 Page 1 of 17 Table of contents: page Annual report Report of the management 3 Annual accounts Balance sheet as at 31 December 2011

More information

Suruhanjaya Syarikat Malaysia Taxonomy Tagging List Templates ssmt_20131231

Suruhanjaya Syarikat Malaysia Taxonomy Tagging List Templates ssmt_20131231 Suruhanjaya Syarikat Malaysia Taxonomy Tagging List Templates ssmt_20131231 A view of financial and non financial elements as may be presented in set of financial statements. Content Page [010000] Filing

More information

CONSOLIDATED STATEMENT OF INCOME

CONSOLIDATED STATEMENT OF INCOME CONSOLIDATED STATEMENT OF INCOME 4 th quarter (a) 3 rd quarter 4 th quarter 2014 Sales 37,749 40,580 52,511 Excise taxes (5,457) (5,683) (5,777) Revenues from sales 32,292 34,897 46,734 Purchases, net

More information

1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets

1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets 1 CONSOLIDATED FINANCIAL STATEMENTS (1) Consolidated Balance Sheets As of March 31,2014 As of March 31,2015 Assets Cash and due from banks 478,425 339,266 Call loans and bills bought 23,088 58,740 Monetary

More information

CAPITAL GROUP OF POWSZECHNY ZAKŁAD UBEZPIECZEŃ SPÓŁKA AKCYJNA

CAPITAL GROUP OF POWSZECHNY ZAKŁAD UBEZPIECZEŃ SPÓŁKA AKCYJNA CAPITAL GROUP OF POWSZECHNY ZAKŁAD UBEZPIECZEŃ SPÓŁKA AKCYJNA CONSOLIDATED FINANCIAL DATA FOR THE YEAR ENDED DECEMBER 31, 2005 PREPARED IN ACCORDANCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS TABLE

More information

BP PLASTICS HOLDING BHD (Company No V) (Incorporated in Malaysia)

BP PLASTICS HOLDING BHD (Company No V) (Incorporated in Malaysia) CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Unaudited Unaudited Individual Quarter Cumulative Quarter Preceding Year Preceding Year Current Year Corresponding Current Year Corresponding Quarter

More information

Independent Auditors Review Report

Independent Auditors Review Report Independent Auditors Review Report The Board of Directors Acer Incorporated: We have reviewed the accompanying consolidated balance sheets of Acer Incorporated (the Company ) and subsidiaries as of September

More information

CONSOLIDATED INCOME STATEMENT FOR THE FINANCIAL YEAR ENDED 25 DECEMBER 2015

CONSOLIDATED INCOME STATEMENT FOR THE FINANCIAL YEAR ENDED 25 DECEMBER 2015 56 Neptune Orient Lines Limited (incorporated in Singapore) and its Subsidiaries Annual Report CONSOLIDATED INCOME STATEMENT FOR THE FINANCIAL YEAR ENDED 25 DECEMBER Continuing operations Revenue 4 5,382,596

More information

GROUP (Unaudited) Nine Months September 2015 $ 000. GROUP (Unaudited) September 2014 $ 000

GROUP (Unaudited) Nine Months September 2015 $ 000. GROUP (Unaudited) September 2014 $ 000 TO: THE STOCKHOLDERS OF THE GLEANER COMPANY LIMITED CONSOLIDATED INCOME STATEMENT FOR NINE MONTHS ENDED SEPTEMBER 30, 2015 Notes Three Months Three Months (Audited) Twelve Months ended Dec 31, 2014 Restated

More information

Rhodia. Condensed consolidated financial statements

Rhodia. Condensed consolidated financial statements Rhodia Condensed consolidated financial statements for the quarter ended March 31, 2012 CONTENTS A. CONSOLIDATED STATEMENT OF INCOME... 3 B. CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME... 4 C. CONSOLIDATED

More information

Condensed Consolidated Statement of Comprehensive Income For the second quarter ended 30 September 2013 (Unaudited)

Condensed Consolidated Statement of Comprehensive Income For the second quarter ended 30 September 2013 (Unaudited) Condensed Consolidated Statement of Comprehensive Income For the second quarter ended 30 September 2013 (Unaudited) Group Individual Quarter ended Unaudited Unaudited 30 Sep 2012 (Company No: 591898-H)

More information

PENSONIC HOLDINGS BERHAD (300426-P) (Incorporated in Malaysia) CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE QUARTER ENDED 31 AUGUST 2015

PENSONIC HOLDINGS BERHAD (300426-P) (Incorporated in Malaysia) CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE QUARTER ENDED 31 AUGUST 2015 CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE QUARTER ENDED 31 AUGUST 2015 CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME FOR THE QUARTER ENDED 31 AUGUST 2015 (Unaudited) Individual Quarter

More information

Amount for the year ended 31 December 2009 prior to the change

Amount for the year ended 31 December 2009 prior to the change CYFROWY POLSAT S.A. Current report number: 14/2010 Date of report: 17 May 2010 Subject: Correction of the consolidated/standalone financial statements for the fiscal year ended and Management Board's report

More information

- Income statement 2. - Statement of other comprehensive income 3. - Statement of financial position Statement of changes in equity 6

- Income statement 2. - Statement of other comprehensive income 3. - Statement of financial position Statement of changes in equity 6 Unaudited Interim Financial Statements For the Three Months ended 31 March 2016 Contents Page - Income statement 2 - Statement of other comprehensive income 3 - Statement of financial position 4-5 - Statement

More information

CONSOLIDATED PROFIT AND LOSS ACCOUNT For the six months ended June 30, 2002

CONSOLIDATED PROFIT AND LOSS ACCOUNT For the six months ended June 30, 2002 CONSOLIDATED PROFIT AND LOSS ACCOUNT For the six months ended June 30, 2002 Unaudited Unaudited Note Turnover 2 5,576 5,803 Other net losses (1) (39) 5,575 5,764 Direct costs and operating expenses (1,910)

More information

Eimskipafélag Íslands hf.

Eimskipafélag Íslands hf. Eimskipafélag Íslands hf. 1 January to 31 March 2016 EUR Eimskipafélag Íslands hf. Korngardar 2 104 Reykjavík Iceland Reg. no. 690409-0460 This page has been left blank intentionally of Eimskipafélag Íslands

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) Q3 2014 Q3 2015 % change 9m 2014 9m 2015 % change Revenue 636 661 3.9% 1,909 1,974 3.4% Cost of sales (440) (453) 3.0% (1,324) (1,340) 1.2% Gross

More information

United States Generally Accepted Accounting Principles

United States Generally Accepted Accounting Principles The group's consolidated nancial statements are prepared in accordance with accounting principles generally accepted in the UK (UK GAAP), which differ in certain respects from those applicable in the US

More information

Consolidated financial statements. Revenue department receivable - 43,004-43,004. Other current assets 84,045 58,192 74,975 40,119

Consolidated financial statements. Revenue department receivable - 43,004-43,004. Other current assets 84,045 58,192 74,975 40,119 Balance sheets Note 30 September 2008 31 December 2007 30 September 2008 31 December 2007 (Unaudited (Audited) (Unaudited (Audited) Assets Current assets Cash and cash equivalents 5 166,784 235,075 146,599

More information

Index to the 31 March 2016 Interim Financial Report

Index to the 31 March 2016 Interim Financial Report Index to the 31 March 2016 Interim Financial Report Index to Interim Report 1 Director s Report 2-3 Condensed Statement of Comprehensive Income 4 Condensed Statement of Changes in Equity 5 Condensed Statement

More information

For personal use only

For personal use only ASX RELEASE. 23 August 2011 Financial results for the half-year ended 30 June 2011 In accordance with the Listing Rules, please find attached the following materials for immediate release to the market:

More information

IMMEDIA GROUP PLC. ( Immedia or the Company ) INTERIM RESULTS

IMMEDIA GROUP PLC. ( Immedia or the Company ) INTERIM RESULTS IMMEDIA GROUP PLC ( Immedia or the Company ) INTERIM RESULTS Immedia Group Plc (AIM: IME), which provides bespoke digital networks, music strategies and brand conversation, today announces its interim

More information

Group Accounting Policies For the year ended 30 September 2014

Group Accounting Policies For the year ended 30 September 2014 91 Group Accounting Policies The consolidated financial statements have been prepared in accordance with IFRS as endorsed by the EU and in accordance with the Companies Act 2006, as applicable to companies

More information

NADEX CO., LTD. Consolidated Balance Sheets

NADEX CO., LTD. Consolidated Balance Sheets Consolidated Balance Sheets Assets Current assets Cash and deposits 2,596,128 2,815,761 Notes and accounts receivable-trade 6,981,883 7,534,798 Lease investment assets 52,563 38,214 Short-term investment

More information

Al Buhaira National Insurance Company P.S.C.

Al Buhaira National Insurance Company P.S.C. Al Buhaira National Insurance Company P.S.C. Review report and condensed consolidated interim financial information for the nine month period ended 2015 Al Buhaira National Insurance Company P.S.C. Review

More information

Home Credit a.s. Condensed Interim Financial Statements for the nine month period ended 30 September (unaudited)

Home Credit a.s. Condensed Interim Financial Statements for the nine month period ended 30 September (unaudited) Condensed Interim Financial Statements for the nine month period 30 September 2016 (unaudited) Condensed Interim Financial Statements for the nine month period 30 September 2016 Contents Condensed Interim

More information

TOMYPAK HOLDINGS BERHAD (Company No W)

TOMYPAK HOLDINGS BERHAD (Company No W) The Board of Directors is pleased to submit its quarterly report on the consolidated results of the Group for the second quarter ended 30 June 2015. CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

More information

Consolidated Statement of Profit or Loss (in million Euro)

Consolidated Statement of Profit or Loss (in million Euro) Consolidated Statement of Profit or Loss (in million Euro) Q3 2013 Q3 2014 % change 9m 2013 9m 2014 % change Revenue 689 636-7.7% 2,126 1,909-10.2% Cost of sales (497) (440) -11.5% (1,520) (1,324) -12.9%

More information

Interim Abbreviated Consolidated Financial Statements of Fortis Bank Polska SA Capital Group for 3 Quarters of 2009

Interim Abbreviated Consolidated Financial Statements of Fortis Bank Polska SA Capital Group for 3 Quarters of 2009 Interim Abbreviated Consolidated Financial Statements of Fortis Bank Polska SA Capital Group for 3 Quarters of 2009 Table of Contents 1. Financial Highlights 3 2. Consolidated Financial Statements of Fortis

More information

CONSOLDATED BALANCE SHEET

CONSOLDATED BALANCE SHEET CONSOLDATED BALANCE SHEET ASSETS 31.12.2010 31.12.2009 Fixed assets Goodwill 4 5 848 Intangibles 5 8 26 Tangible fixed assets 6 42 504 22 082 Investment properties 8 Investments in subsidiaries 3 Investment

More information

CONSOLIDATED STATEMENT OF INCOME

CONSOLIDATED STATEMENT OF INCOME CONSOLIDATED STATEMENT OF INCOME 4 th quarter (a) 3 rd quarter 4 th quarter 2009 Sales 40,157 40,180 36,228 Excise taxes (4,397) (4,952) (4,933) Revenues from sales 35,760 35,228 31,295 Purchases, net

More information

The Thomson Corporation Consolidated Statement of Earnings (millions of U.S. dollars, except per common share data) (unaudited)

The Thomson Corporation Consolidated Statement of Earnings (millions of U.S. dollars, except per common share data) (unaudited) Page 1 of 11 Consolidated Statement of Earnings (millions of U.S. dollars, except per common share data) Revenues $ 1,834 $ 1,662 Cost of sales, selling, marketing, general and administrative expenses

More information

Independent Auditors Review Report

Independent Auditors Review Report Independent Auditors Review Report The Board of Directors Acer Incorporated: We have reviewed the accompanying consolidated balance sheets of Acer Incorporated (the Company ) and subsidiaries as of March

More information

FOR IMMEDIATE RELEASE 17 September 2013 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS

FOR IMMEDIATE RELEASE 17 September 2013 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS FOR IMMEDIATE RELEASE 17 September 2013 BOND INTERNATIONAL SOFTWARE PLC UNAUDITED INTERIM RESULTS Bond International Software Plc ( the Group ), the specialist provider of software for the international

More information

Financial report Deutsche Bahn Finance B.V. Amsterdam

Financial report Deutsche Bahn Finance B.V. Amsterdam Financial report 2013 Deutsche Bahn Finance B.V. Table of contents Annual report of the directors 3 Balance sheet as at 31 December 2013 5 Profit and loss account for the year ended 31 December 2013 7

More information

BOUYGUES GROUP CONSOLIDATED FINANCIAL STATEMENTS

BOUYGUES GROUP CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED BALANCE SHEET ( million) ASSETS 30/09/2015 31/12/2014 30/09/2014 Property, plant and equipment 6,419 6,519 6,360 Intangible assets 1,668 1,748 1,773 Goodwill 5,271 5,286 5,291 Investments

More information

GENERAL MOTORS CORPORATION AND SUBSIDIARIES. CONSOLIDATED STATEMENTS OF INCOME (Unaudited)

GENERAL MOTORS CORPORATION AND SUBSIDIARIES. CONSOLIDATED STATEMENTS OF INCOME (Unaudited) 16 CONSOLIDATED STATEMENTS OF INCOME Three Months Ended March 31, 2005 (dollars in millions except per share amounts) Total net sales and revenues $45,773 $47,830 Cost of sales and other expenses 39,313

More information