ASSECO CENTRAL EUROPE AS CONTENTS
GENERAL INFORMATION 7
Company profile 7
History and present days 7
General information 7
Scope of activities 8
Summary and analysis of the Asseco Central Europe Group financial results for
the period of 3 months ended 31 March 2016 9
Information on the Asseco Central Europe Group 9
Information on subsidiaries 12
The Group's cash-flow generation 13
Analysis of Asseco Central Europe, a. s. financial results for the Q1 2016
........................................................................................................13
Factors influencing the achieved financial results 14
ONE-OFF events influencing the achieved financial results during the reporting period 15
Significant events during the reporting period 15
Composition of the Board of Directors and Supervisory Board of Asseco Central Europe, a. s 18
The Company´s shares held by it´s Board of Directors and it´s Supervisory Board 19
Major shareholders of Asseco Central Europe, a. s 19
Changes in the shareholders structure 19
Issuance, redemption and repayment of non-equity and equity securities 20
Effects of changes in the organization structure 20
Organization and changes in the Asseco Central Europe Group structure, including specification of entities subject to consolidation 20
Structure of the Asseco Central Europe Group as at the date of publication of this report, i.e. 29 April 2016 24
Information on pending legal proceedings concerning liabilities or receivables
of Asseco Central Europe or it´s subsidiaries 27
Opinion on feasibility of the Board of Directors´ financial forecasts for year 2016
..................................................................................................................28
Factors which in the Board´s opinion may affect financial performance by the
end of financial year 2016 28
Other significant factors affecting assessment of the group´s human resources, financial position and performance 28
Employment structure in the Asseco Central Europe Group 28
Description of significant risks and threats 30
Key clients 34
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 37
SUPLEMENTARY INFORMATION AND EXPLANATIONS TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL statements 45
GENERAL INFORMATION 45
Basis for preparation of interim condensed consolidated financial statements 45
Compliance statement 45
Professional judgement and estimates 45
Changes in the accounting principles applied and new standards and interpretations effective in current period 47
Corrections of material errors 48
Changes in the applied principles of presentation and changes in the comparative data 48
Information on operating segments 49
Notes to the interim condensed consolidated financial statements 52
Sales revenues 52
Operating costs 53
Income tax 54
Information on the dividends paid or declared 55
Property, plant and equipment 56
Intangible assets 56
Goodwill 57
Financial assets 58
Non-current and current prepayments 58
Non-current and current receivables 59
Cash and cash equivalents 60
Non-current and current financial liabilities 61
Trade and other payables 62
Accrued expenses and deferred income 63
Non-current and current provisions 64
Interest-bearing bank credits and debt securities issued 66
Notes to the Statement of Cash Flow 67
Commitments and contingent liabilities in favour of related parties 67
Commitments and contingent liabilities to other entities 68
Transactions with related parties 69
Seasonal and cyclical nature of business 71
Significant events after the balance sheet date 71
Significant events related to prior years 71
INTERIM CONDENSED FINANCIAL STATEMENTS OF ASSECO CENTRAL EUROPE,
A. S. FOR THE PERIOD ENDED 31 March 2016 72
I. FINANCIAL HIGHLIGHTS OF THE ASSECO CENTRAL EUROPE GROUPTHE ASSECO CENTRAL EUROPE GROUP
In thousand of PLN
In thousand of EUR
SELECTED FINANCIAL DATA
1 quarter cumulative
1 quarter cumulative
1 quarter cumulative
1 quarter cumulative
1 Jan 2016 -
1 Jan 2015 -
1 Jan 2016 -
1 Jan 2015 -
31 March 2016
31 March 2015
31 March 2016
31 March 2015
Sales revenues
170,591
114,944
39,163
27,705
Operating profit (loss)
13,808
13,733
3,170
3,310
Pre-tax profit (loss)
13,948
14,081
3,202
3,394
Net profit for the reporting period attributable to Shareholders of the Parent Company
10,145
10,775
2,329
2,597
Net cash provided by (used in) operating activities
25,630
6,410
5,884
1,545
Net cash provided by (used in) investing activities
(2,505)
(10,252)
(575)
(2,471)
Net cash provided by (used in) financing activities
(1,342)
(2,564)
(308)
(618)
Increase (decrease) in cash and cash equivalents
21,783
(6,406)
5,001
(1,544)
Total assets
695,886
599,541
163,032
146,623
Non-current liabilities
21,496
4,972
5,036
1,216
Current liabilities
254,008
180,043
59,509
44,031
Equity attributable to shareholders of the Parent Company
429,785
420,828
100,690
102,917
Share capital
3,026
2,899
709
709
Number of shares (pcs.)
21,360,000
21,360,000
21,360,000
21,360,000
Earnings per share (in PLN/EUR)
0.47
0.50
0.11
0.12
Book value per share (in PLN/EUR)
20.12
19.70
4.71
4.82
Declared or paid dividends per share (in PLN/EUR)
2.27
1.95
0.52
0.47
In thousand of PLN
In thousand of EUR
31.12.2015
31.12.2015
Total assets
716,985
168,247
Non-current liabilities
19,884
4,666
Current liabilities
239,185
56,127
Shareholders' equity
466,643
109,502
Share capital
3,021
709
Asseco Central Europe a.s. published this content on 29 April 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 03 May 2016 13:48:08 UTC.
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