(Translation from the Polish language)
CONSOLIDATED FINANCIAL STATEMENTS OF
KOPEX S.A.drawn up for the period 1 January 2015 to 31 December 2015
Katowice, April 2016
CONTENTS | ||
Consolidated Statement of Financial Position of KOPEX S.A. Capital Group | 4 | |
Consolidated Profit & Loss Statement of KOPEX S.A. Capital Group | 5 | |
Consolidated Statement of Total Income of KOPEX S.A. Capital Group | 6 | |
Consolidated Statement of Changes in Equity of KOPEX S.A. Capital Group | 7 | |
Consolidated Cash Flow Statement of KOPEX S.A. Capital Group | 8 | |
1 | General information | 9 |
2 | Significant assumptions used in drawing up financial statements | 9 |
3 | Composition of the Management Board and Supervisory Board | 12 |
4 | Entity auditing financial statements | 12 |
5 | Legal base for drawing up financial statements | 13 |
6 | Composition of the KOPEX S.A. Capital Group as at 31 December 2015 | 13 |
7 | Significant accounting principles | 15 |
8 | Capital Management | 27 |
9 | Policy of financial risk management and hedging | 28 |
10 | Information on currency translation of selected financial data | 37 |
11 | Estimates and subjective appraisal | 38 |
12 | Explanatory Notes to the Statements of Financial Position and Profit & Loss Statement | 39 |
12.1. | Intangible assets | 39 |
12.2. | Goodwill of subsidiaries | 40 |
12.3. | Tangible assets | 40 |
12.4. | Changes in investment real estates | 42 |
12.5. | Investments settled under the equity method | 43 |
12.6. | Leasing receivables | 44 |
12.7. | Other long-term assets | 44 |
12.8. | Deferred income tax | 45 |
12.9. | Inventories | 48 |
12.10. | Short-term accounts receivables | 48 |
12.11. | Loans granted | 49 |
12.12. | Other financial assets and liabilities | 49 |
12.13. | Structure of cash | 50 |
12.14. | Authorized share capital ( structure) | 50 |
12.15. | Issue of shares over nominal value | 51 |
12.16. | Revaluation reserve | 51 |
12.17. | Retained earnings | 51 |
12.18. | Credit and loans | 52 |
12.19. | Other liabilities | 54 |
12.20. | Leasing liabilities | 54 |
12.21. | Reserve for employee benefits | 54 |
12.22. | Other reserves for liabilities | 56 |
12.23. | Accruals | 56 |
12.24. | Short-term accounts payable | 56 |
12.25. | Net revenues from sales | 57 |
12.26. | Costs by type | 57 |
12.27. | Other revenues | 58 |
12.28. | Other costs | 58 |
12.29. | Other profits (losses) | 58 |
12.30. | Write-downs made and released for non-financial assets | 58 |
12.31. | Financial revenues | 59 |
12.32. | Financial costs | 59 |
12.33. | Income tax | 59 |
12.34. | Revenues, costs and cash flow from discontinued operations | 60 |
13 | Contingent liabilities and disputes | 60 |
14 | Reporting by business and geographical segments | 61 |
15 | Information on significant events that occurred after the balance sheet date and not included in the financial statements | 63 |
16 | Information on total net values of remunerations and bonuses paid or payable for managing and supervising persons supervising in the Issuer's company for 2015. | 64 |
17 | Transactions with related entities | 65 |
18 | Statement of the Management Board of KOPEX S.A. | 66 |
Consolidated Statement of Financial Position of KOPEX S.A. Capital Group in PLN thousand
Note | ASSETS | 31 Dec 2015 | 31 Dec 2014 |
Tangible assets | 1 107 855 | 2 374 188 | |
12.1 | Intangible assets | 130 658 | 160 296 |
12.2 | Goodwill in subsidiaries | 41 568 | 1 249 955 |
12.3 | Tangible fixed assets | 673 627 | 693 891 |
12.4 | Investment real estates | 22 392 | 26 571 |
12.5 | Investments accounted for under the equity method | 51 325 | 48 248 |
12.6 | Long-term leasing receivables | 34 070 | 10 740 |
12.7 | Other long-term assets | 79 189 | 133 657 |
12.8 | Deferred income tax assets | 75 026 | 50 830 |
Current assets | 1 020 936 | 1 147 330 | |
12.9 | Inventories | 258 892 | 239 057 |
12.10 | Short-term accounts receivables | 391 910 | 381 787 |
12.10 | Short-term other receivables | 85 101 | 109 444 |
12.6 | Short-term leasing receivables | 21 543 | 27 246 |
12.11 | Short-term loans granted | 45 690 | 39 874 |
Receivables related to current income tax | 8 344 | 8 820 | |
12.12 | Other financial assets | 1 984 | 1 377 |
12.25 | Assets under contracts for construction services | 145 184 | 254 880 |
12.13 | Cash and cash equivalents | 62 288 | 84 845 |
Tangible assets held for sale | 1 | 1 | |
Total assets | 2 128 792 | 3 521 519 | |
LIABILITIES AND EQUITY | |||
Equity | 1 102 359 | 2 617 807 | |
12.14 | Authorised share capital | 74 333 | 74 333 |
12.14 | Own shares | -2 979 | -2 979 |
12.15 | Issue of shares above their nominal value | 1 054 942 | 1 054 942 |
12.16 | Revaluation reserve | 1 825 | -515 |
Currency translation differences | 8 396 | 19 855 | |
12.17 | Retained profits | -42 528 | 1 465 644 |
Non- controlling share capital | 8 370 | 6 527 | |
Long-term liabilities | 69 862 | 92 458 | |
12.18 | Long-term credits and loans | - | 13 374 |
12.19 | Long-term other liabilities | 1 504 | 1 868 |
12.20 | Long-term leasing liabilities | 39 548 | 46 825 |
12.8 | Deferred income tax reserve | 4 986 | 5 592 |
12.21 | Long-term reserve for employee benefits | 22 277 | 21 259 |
12.22 | Other long-term reserves for liabilities | 11 | 846 |
12.23 | Long-term accruals | 1 536 | 2 694 |
Short-term liabilities | 956 571 | 811 254 | |
12.18 | Short-term credits and loans | 546 345 | 348 979 |
12.24 | Short-term accounts payable | 171 630 | 174 396 |
12.19 | Short-term other liabilities | 108 993 | 134 686 |
12.20 | Short-term leasing liabilities | 26 608 | 36 786 |
Receivables related to current income tax | 726 | 6 343 | |
12.12 | Other financial liabilities | 1 507 | 2 237 |
12.21 | Short-term reserve for employee benefits | 13 936 | 14 227 |
12.22 | Other short-term reserves for liabilities | 15 465 | 15 247 |
12.23 | Short-term accruals | 71 361 | 78 353 |
Liabilities and equity, total | 2 128 792 | 3 521 519 | |
Book value | 1 102 359 | 2 617 807 | |
Number of shares | 74 056 038 | 74 056 038 | |
Book value per one share (in PLN) | 14.89 | 35.35 |
Kopex SA published this content on 30 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 August 2016 13:08:05 UTC.
Original documenthttp://www.kopex.com.pl/upload/raporty/a3a13218acec2bfb05d01ae3abe12bff.pdf
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