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 in associated entities 3 Receivables and loans 9 Derivative financial instruments 9 longterm financial assets 9 Longterm cost prepayments 19 44 66 Deferred income tax asset 10 260 261 Fixed assets 48 664 22 435 Current assets Inventories 11 10 120 7 025 Trade and other receivables 12 15 890 6 508 Current income tax receivables 38 295 Loans and credits 9 Derivative financial instruments 9 Other shortterm financial assets 9 Shortterm cost prepayments 19 150 99 Cash and cash equivalents 13 888 7 535 Assets classified as designed for sale 14 Current assets 27 086 21 462 Total assets 75 750 43 897
CONSOLIDATED BALANCE SHEET (continued) Liabilities 31.12.2010 31.12.2009 Equity Equity attributable to the shareholders of the holding entity Share capital 15 8 391 8 391 Own shares () 15 (665) Share premium 15 Other capital reserves 15 27 790 22 734 Retained earnings 2 487 3 529 profit (loss) from previous years net profit (loss) attributable to the shareholders of the holding entity 2 487 3 529 Equity attributable to the shareholders of the holding entity 38 668 33 989 Noncontrolling shares 15 3 705 Equity 42 373 33 989 Liabilities Longterm liabilities Credits, loans and other debt 9 instruments Financial lease 7 2 475 Derivative financial instruments 9 Other liabilities 18 Provision for deferred tax liabilities 10 2 926 1 341 Liabilities and provisions for 16 employee benefits 194 152 Other longterm provisions 17 Longterm accruals 19 2 203 2 627 Longterm liabilities 7 798 4 120 Shortterm liabilities Trade and other liabilities 18 18 446 4 188 Current tax liabilities 23 Loans, credits and other debt 9 instruments 4 221 Financial lease 7 1 415 98 Derivative financial instruments 9 Liabilities and reserves for employee 16 benefits 883 712 Other shortterm reserves 17 116 266 Shortterm accruals 19 475 524 Liabilities related to assets for sale 14 Shortterm liabilities 25 579 5 788 Total liabilities 33 377 9 908 Total liabilities and equity 75 750 43 897
CONSOLIDATED PROFIT AND LOSS ACCOUNT 31.12.2010 31.12.2009 Continuing activity Revenues from sales 1 56 847 42 377 Revenues from sales of products, including 53 919 40 963 services Revenues from sales of goods and materials 2 928 1 414 Cost of sales 42 931 30 480 Cost of products sold, including services 40 473 29 372 Cost of goods and materials sold 2 458 1 108 Gross profit (loss) on sales 13 916 11 897 Selling costs 2 367 1 952 Overheads 8 355 6 961 Other operating revenues 21 1 242 1 617 Other operating costs 21 978 835 Profit (loss) on the sale of subsidiaries (+/) Profit (loss) on operations 3 458 3 766 Financial income 22 199 419 Financial costs 22 402 46 Share in the profit (loss) of entities valuated by 3 equity method (+/) Profit (loss) before taxation 3 255 4 139 Income tax 23 601 610 Net profit (loss) from continuing activity 2 654 3 529 Discontinued operations Net profit (loss) on discontinued operations 14 Net profit (loss) 2 654 3 529 Net profit (loss) attributable to: the shareholders of the Company 2 487 3 529 the noncontrolling entities 167 Earning (loss ) per ordinary share (PLN) From 01.01 to 31.12.2010 31.12.2009 From continuing operations 24 basic 3.06 4.48 diluted 3.06 4.48 From continuing operations 24 basic 3.06 4.48 diluted 3.06 4.48
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME 31.12.2010 31.12.2009 Net profit (loss) 2 654 3 529 Other comprehensive income Revaluation of tangible fixed assets 6 Financial assets available for sale 9 profits (losses) disclosed in the period under other comprehensive assets amounts transferred to the income statement Cash flow hedge 9 profits (losses) disclosed in the period under other comprehensive incomes amounts transferred to the income statement amounts recognised at the initial value of the items hedged FX differences from the valuation of entities conducting business abroad FX differences transferred to the financial result the sale of foreign entities Share in other comprehensive income of the entities valuated by equity accounting method Income tax on the components of other 10 comprehensive incomes Other comprehensive income after taxation Comprehensive income 2 654 3 529 Comprehensive income attributable to: the shareholders of the Company 2 487 3 529 the noncontrolling entities 167
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Capital attributable to the shareholders of the holding co Share capital Own shares () Share premium Other capitals Retained earnings Balance as on 01.01.2010 8 391 (665) 22 734 3 52 Changes in accounting principles Adjustment of fundamental error Balance after changes 8 391 (665) 22 734 3 52 Changes in equity in the period 31.12.2010 Issue if shares Issue of shares in connection with exercising the option (sharebased payment scheme) Option valuation (sharebased payment scheme) The group structure change (transactions 15 with noncontrolling entities) Share repurchase 665 1 527 Additional equity contributions Transfer of financial result to capital 3 529 (3 52 Total transactions with owners 665 5 056 (3 52 Net profit for the period 31.12.2010 2 48 Other comprehensive income after 15 taxation for the period 01.01. to 31.12.2010 Total comprehensive income 2 48 Transfer to retained earnings (sale of revaluated tangible fixed assets) Balance as on 31.12.2010 8 391 27 790 2 48 Komentarz: 3 538 Komentarz: TUTAJ 167
CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (continued) Share capital Capital attributable to the shareholders of the holding co Own Share Other Retaine shares () premium capitals earning Balance as on 01.01.2009 8 391 (665) 15 474 7 2 Changes in accounting principles Adjustment of fundamental error Balance after changes 8 391 (665) 15 474 7 2 Changes in equity in the period 31.12.2009 Issue of shares Issue of shares in connection with exercising the option (sharebased payment scheme) Option valuation (sharebased payment scheme) The group structure change (transactions with noncontrolling entities) 11 Dividends Transfer of financial result to capital 7 260 (7 26 Total transactions with owners 7 260 (7 26 Net profit for the period 31.12.2009 3 5 Other comprehensive income after 11 taxation for the period 01.01. to 31.12.2009 Total comprehensive income 3 5 Transfer to retained earnings (sale of revaluated tangible fixed assets) Balance as on 31.12.2009 8 391 (665) 22 734 3 5
CONSOLIDATED CASH FLOW STATEMENT 31.12.2010 31.12.2009 Operating cash flows Profit (loss) before taxation 3 255 4 139 Adjustments: 25 Tangible fixed assets depreciation and writedowns 3 684 3 111 Intangible assets amortisation and writedowns 19 40 Increase/decrease of the fair value of investment property (Profit) loss on financial assets (liabilities) disclosed at their fair value through the profit and loss account Cash flow hedges transferred from the capital Impairment writeoffs of financial assets Profit (loss) on the sale of nonfinancial fixed assets (14) 29 Profit (loss) on the sale of financial fixed assets (other than derivative instruments) Profit (loss) on FX differences (77) Cost of interest 51 41 Profit on interest and dividends (4) Cost of payment in the form of shares (incentive programmes) Share in the profit (loss) of associated entities Other adjustments 47 Total adjustments 3 659 3 268 Movements in inventory (453) (89) Movements in receivables (170) 788 Movements in liabilities 24 1 361 Movements in provisions, prepayments and accruals (775) (392) Increase/decrease in relation with agreements for construction services Movements in working capital 25 (1 374) 1 668 Komentarz: W PODZIALE NA ŚT ORAZ WNIP Inflows (outflows) from the settlement of derivatives Operating interest paid Income tax paid (972) (1 028) Net cash from operations 4 568 8 047 Cash flow from investment activity Outflows for the purchase of intangible assets Inflows from the sale of intangible assets 19 Outflows for the purchase of tangible fixed assets (3 207) (2 586) Inflows from the sale of tangible fixed assets Outflows for the purchase of investment properties Inflows from the sale of investment properties Net outflows for the purchase of subsidiaries 2 (9 724) Net inflows from the sale of subsidiaries 2 Loan repayments received Loans granted Outflows for the purchase of other financial assets Inflows from the sale of other financial assets Inflows from government grants Interest received 22 4 Dividends received 22
Net cash from investment activity (12 908) (2 586) Net cash from financial activity Net inflows from the share issue Share repurchase Transactions with noncontrolling entities that do not result in losing control Inflows from the issue of debt securities Buyback of securities Inflows from the credit and loans received 3 209 Credit and loan repayments (1 022) (1) Finance lease repayments (485) (733) Interest paid 22 (50) (41) Dividends paid 24 Net cash from financial activity 1 652 (775) Net increase/decrease in cash and cash equivalents (6 688) 4 686 Cash and cash equivalents as at the beginning of the period 7 576 2 890 Change in cash due to FX differences 3 (41) Cash and cash equivalents as at the end of the period 888 7 576