The following report presents financial data only. The full and binding version is available in Polish. K2 INTERNET S.A.

Transcription

1 The following report presents financial data only. The full and binding version is available in Polish. K2 INTERNET S.A. Annual Financial Statement of K2 Internet S.A. for the twelve-month period ended December 31, 2014 prepared in accordance with International Financial Reporting Standards Warsaw, March 23, 2015

2 1. Selected financial data PLN 000 PLN 000 EUR 000 EUR 000 I. Revenues from sales of products and goods II. EBIT III. EBITDA IV. Gross profit (loss) V. Net profit (loss) VI. Cash flows from operating activities VII. Cash flows from investing activities VIII. Cash flows from financing activities IX. Total net cash flows X. Weighted average number of shares XI. Earnings per share (PLN) - 0,02 (PLN) - 0,75 (PLN) - 0,00 (EUR) - 0,18 (EUR) XII. Total assets XIII. Liabilities and provisions XIV. Long-term liabilities XV. Short-term liabilities XVI. Equity XVII. Share capital Profit and loss account and cash flow account items were converted into EUR at the rate which is an arithmetic mean of the NBP ((the National Bank of Poland)) fixed exchange rates for the last working day of each month from January to December of each financial period, i.e.: - 1 EUR = 4,2110 PLN in EUR = 4,1893 PLN in 2014 Individual items of assets and liabilities of the statement of financial position were converted into EUR at the average NBP ((the National Bank of Poland)) rate applicable on the last day of the balance sheet period i.e.: - 1 EUR = 4,1472 PLN as at December 31, EUR = 4,2623 PLN as at December 31, EBITDA increased with impairment write-offs.

3 2. Statement of financial position of K2 Internet S.A. ASSETS NON-CURRENT ASSETS Intangible assets (6.2.1.) Tangible assets (6.2.2.) Shares and interest in subsidiaries (6.2.3.) Loans granted (6.2.4.) Deferred tax assets ( ) CURRENT ASSETS Trade and service receivables (6.2.6.) Other public receivables (6.2.6.) Other receivables (6.2.6.) Loans granted (6.2.4.) Other assets (6.2.7.) Cash and cash equivalents (6.2.8.) AKTYWA RAZEM EQUITY Supplementary capital Share capital Share premium Retained earnings Reserve capital Profit/loss for the year LIABILITIES Long-term liabilities Deferred tax provision ( ) Financial lease liabilities (6.2.5.) Long-term liabilities arising. bonds (6.2.9.) Short-term liabilities Trade payables ( ) Liabilities from income tax ( ) - - Other public payables ( ) Other liabilities ( ) Financial lease liabilities (6.2.5.) Other liabilities ( ) Provision for liabilities ( ) Other equity and liabilities ( ) Total assets Amendments made as a result of adjusting the tax value of net assets being the basis for calculation of the deferred tax provision in the part relating to previous years, details in of this statement.

4 3. Separate profit and loss account statement of K2 Internet S.A Revenues from sales of products and goods ( ) Costs of products and goods sold ( ) Gross profit on sales General and administrative costs ( ) Profit on sales Other net operating revenues/expenses ( ) EBIT Net financial revenues / costs ( ) Profit befor taxation Income tax ( ) Net profit/los Earnings per share (PLN) ( ) - 0,02-0,75 Diluted earnings per share (PLN) ( ) - 0,02-0,75 Profit/loss for the period Other comprehensive income - - Financial assets for sale - - Cash flow hedge - - Actuarial profits/losses defined benefit pension - - Income tax for other comprehensive income - - Other total net income - - Total net income for the period

5 4. Separate statement of cash flows of K2 Internet S.A. Cash from operating activities Profit (loss) before tax Depreciation / Amortisation Profits (losses) on interests and foreign exchange differences Profit (loss) from investing activities Change in receivables (excluding income tax receivables) Change in other assets Change in provisions Change in short-term liabilities Another - - Net cash from operating activities Income tax paid - - Net cash flows from operating activities Net cash flows from investing activities Inflows Sale of tangible fixed assets and intangible assets Repayments of loans granted (6.2.4.) Return of capital contributions (6.2.3.) Interest received (6.2.4.) Outflows Purchase of intangible assets and tangible fixed assets Loans granted (6.2.4.) Expense on subsidiaries (6.2.3.) Net cash flows from investing activities Cash flows from financing activities Inflows Proceeds from issue of shares (6.2.9.) Proceeds from loans Repayment of loans and credits ( ) Dividends - - Financial lease instalments Interests Net cash flow from financing activities Total cash flows Total net cash flows Balance sheet changes in cash and cash equivalents Change in cash due to exchange differences - - Cash and cash equivalents opening balance Cash and cash equivalents closing balance

6 5. Separate statement of changes in equity of K2 Internet S.A. Share capital Reserve capital from the sales of shares above their nominal value Reserve capital from profit distribution Reserve capital from the sales of shares to employees Profit/loss for the year Total equity As at January r Netprofit in 2013 r As at r As at January r Netprofit in 2014 r As at r As a result of adjusting the tax value of net assets, being the basis for calculating the deferred tax provision in the part relating to previous years, the opening balance of retained earnings in 2013 was decreased with PLN 568 thou.