Final report SA-R of the AB S.A. company for the financial year 2009/2010. covering the period from to

Transcription

1 Final report SA-R of the AB S.A. company for the financial year 2009/2010 covering the period from to

2 Selected financial data translated into euro SELECTED FINANCIAL DATA in thous. PLN in thous. EUR I. Net revenues on sale of products, goods and materials II. Profit (loss) on operational activity III. Gross profit (loss) IV. Net profit (loss) V. Net cash flows on operational activity VI. Net cash flows on investment activity VII. Net cash flows on financial activity VIII. Net cash flows, in total IX. Assets in total X. Liabilities and reserves for liabilities XI. Long-term liabilities XII. Short-term liabilities XIII. Equity XIV. Initial capital XV. Number of shares (items) XVI. Profit (loss) per one ordinary share (in zł/ EUR) 1,30 1,03 0,31 0,25 XVII. Dilluted profit (loss) per one ordinary share (in zł/eur) XVIII. Accounting per one share (in zł/eur) 13,60 12,95 3,28 2,90 XIX. Diluted accounting value per one share (in zł/eur) XX. Declared or paid dividend per one share (w zł/eur) For the translation of the data of the balance sheet as of the last day of the period June 2010 the euro exchange rate was adopted established by NBP as of that day, i.e. 4,1458 PLN/EUR. For the translation of the data of the balance sheet as of the last day of the period June 2009 the euro exchange rate was adopted established by NBP as of that day, i.e. 4,4696 PLN/EUR. Page 2

3 For the translation of the data of the profits and loss account for the period from 1 July 2009 to 30 June 2010 the average euro exchange rate was adopted, calculated as the average arithmetical of the exchange rates obligatory as of the last day of each month in a given period, i.e. 4,0836 PLN/EUR. For the translation of the data of the profits and loss account for the period from 1 July 2008 to 30 June 2009 the average euro exchange rate was adopted, calculated as the average arithmetical of the exchange rates obligatory as of the last day of each month in a given period, i.e. 4,0525 PLN/EUR. For the translation of the data of the cash flow statement for the period from 1 July 2009 to 30 June 2010, the average euro exchange rate was adopted, calculated as the average arithmetical of the exchange rates obligatory as of the last day of each month in a given period, i.e. 4,0836 PLN/EUR. For the translation of the data of the cash flow statement for the period from 1 July 2008 to 30 June 2009, the average euro exchange rate was adopted, calculated as the average arithmetical of the exchange rates obligatory as of the last day of each month in a given period, i.e. 4,0525 PLN/EUR. Page 3

4 Statement of the Management Board on reliability of preparing the financial report The Management Board of AB S.A. states that in the light of the facts known to the Management Board as of the day of preparing the Statement as well as the documents possessed, in accordance with our knowledge and operating in the best economic interest of the Company, the attached unit financial report was prepared in accordance with the act of 29 September 1994 on accountancy (J. of L. No 121, it.591 as amended). The report presents in a reliable manner the property and financial situation of the Company, the result of its activity and cash flows as of 30 June 2010, in accordance with the provisions of the abovementioned act, and in particular art. 5 it.2 and with the requirements defined in the Regulation of the Minister of Finances of 18 October 2005 on the scope of the information mentioned in the financial reports, required in the emission prospect for the issuers with its seat in the territory of the Republic of Poland, for which the Polish accountancy principles are competent (J. of L. No 209, it. 1743) and the Regulation of the Minister of Finances of 19 February 2009 on current and periodical information by the issuers of the securities (J. of L. No 33, it. 259). In accordance with the best knowledge and faith of the Management Board, the financial report submitted is free from significant errors and omissions, contains a real image of the development and achievements and the situation of the capital group, including the description of basic risk and threats. The financial report was prepared with the application of the unified accountancy principles in all the presented periods, which were adopted by us in current accountancy policy. Date Name and surname Post/Function Signature PRESIDENT OF THE Andrzej Przybyło Krzysztof Kucharski Zbigniew Mądry Grzegorz Ochędzan Page 4

5 Statement of the Management Board on the entity entitled to audit the financial reports Wrocław, on 2 November Statement The Management Board of AB S.A. states that the entity authorized to audit the annual financial report, auditing the annual financial report of the Company was selected in accordance with the law provisions and that the entity and the certified auditors auditing the report fulfilled the conditions to issue impartial and independent opinion on the audited report, in accordance with the obligatory provisions and professional standards. Date Name and Surname Post/Function Signature PRESIDENT OF THE Andrzej Przybyło Krzysztof Kucharski Zbigniew Mądry Grzegorz Ochędzan Page 5

6 Letter of the President of the Management Board Wrocław, on 2 November Dear Sirs, I am honored to present to You a financial report and the report on the Company s activity, in which the economic results were presented as well as the most important events of the period of 12 months completed on 30 June The completed period of the financial year was for the Company a period of intensive work, both in the area of optimalization of business processs as well as playing the role of the dominant company in the Group AB, realizing the effects of the product synergy and consolidation of the management processes. The financial year completed on 30 June 2010 is a difficult period for the macroeconomic period in which the Company operated. As a result of high demand uncertainty as well as the cuts in expenses for the IT projects in public administration, the demand for the commercial goods offered by the Company was subject to high fluctuations. The Company effectively counteracted these negative influences, extending the assortment of the product offer and entering new market areas. In the reported period, the new integrated IT system was implemented supporting the management in the enterprises with the name MFG Pro. The company completed the implementation with full success, launching a new computer programme in accordance with assumed implementation plans. The new system ERP fully realizes the tasks ahead thereof, due to which the Company is prepared for effective realization of new business challenges. On my own behalf and the Management Board of AB S.A. I would like to thank all those who brought their input into the development of the Company. I would like to thank especially the Shareholders, who trusted us. I would like to assure that we will undertake any efforts that the value increase strategy of AB SA realized by us brought to You expected profit from invested capital. Yours faithfully, Andrzej Przybyło President of the Management Board AB S.A. Page 6