Asseco Central Europe : 2016-10-28 / 3Q/2016 / Skrátené štvrťročné konsolidované finančné výsledky

Interim Condensed

CONTENTS

1. FINANCIAL HIGHLIGHTS OF THE ASSECO CENTRAL EUROPE GROUP 4

2. GENERAL INFORMATION 6

3. Company profile 6

4. History and present days 6

5. General information 7

6. Scope of activities 7

7. Summary and analysis of the Asseco Central Europe Group financial results for the period of 9 months ended 30 September 2016 9

8. Information on the Asseco Central Europe Group 9

9. Information on subsidiaries 12

10. The Group's cash-flow generation 13

11. Analysis of Asseco Central Europe, a. s. financial results for the Q1-Q3 2016 13

12. Factors influencing the achieved financial results 14

13. ONE-OFF events influencing the achieved financial results during the reporting period 15

14. Significant events during the reporting period 15

15. Composition of the Board of Directors and Supervisory Board of Asseco Central Europe, a. s. 19

16. The Company´s shares held by it´s Board of Directors and it´s Supervisory Board 20

17. Major shareholders of Asseco Central Europe, a. s. 20

18. Changes in the shareholders structure 21

19. Issuance, redemption and repayment of non-equity and equity securities 21

20. Effects of changes in the organization structure 21

21. Organization and changes in the Asseco Central Europe Group structure, including specification of entities subject to consolidation 22

22. Structure of the Asseco Central Europe Group as at the date of publication of this report, i.e. 28 October 2016 25

23. Information on pending legal proceedings concerning liabilities or receivables of Asseco Central Europe or it´s subsidiaries 27

24. Opinion on feasibility of the Board of Directors´ financial forecasts for year 2016

    .......................................................................................................... 27

25. Factors which in the Board´s opinion may affect financial performance by the end of financial year 2016 28

26. Other significant factors affecting assessment of the group´s human resources, financial position and performance 29

27. Employment structure in the Asseco Central Europe Group 29

28. Description of significant risks and threats 30

29. Key clients 34

30. INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 37

    SUPLEMENTARY INFORMATION AND EXPLANATIONS TO THE INTERIM CONDENSED CONSOLIDATED FINANCIAL 44

31. GENERAL INFORMATION 44

32. Basis for preparation of interim condensed consolidated financial statements 44

33. Compliance statement 44

34. Professional judgement and estimates 44

35. Changes in the accounting principles applied and new standards and interpretations effective in current period 45

36. Corrections of material errors 46

37. Changes in the applied principles of presentation and changes in the comparative data 46

38. Information on operating segments 50

39. Notes to the interim condensed consolidated financial statements 55

40. Sales revenues 55

41. Operating costs 56

42. Income tax 57

43. Earnings per share 57

44. Information on the dividends paid or declared 58

45. Property, plant and equipment 58

46. Intangible assets 59

47. Goodwill 59

48. Financial assets 62

49. Non-current and current prepayments 62

50. Non-current and current receivables 63

51. Cash and cash equivalents 64

52. Non-current and current financial liabilities 65

53. Trade and other payables 66

54. Accrued expenses and deferred income 66

55. Non-current and current provisions 67

56. Interest-bearing bank credits and debt securities issued 69

57. Notes to the Statement of Cash Flow 70

58. Commitments and contingencies in favour of related parties 70

59. Commitments and contingent liabilities to other entities 70

60. Transactions with related parties 72

61. Seasonal and cyclical nature of business 75

62. Significant events after the balance sheet date 75

63. Significant events related to prior years 76

64. INTERIM CONDENSED FINANCIAL STATEMENTS OF ASSECO CENTRAL EUROPE, A. S. FOR THE PERIOD ENDED 30 SEPTEMBER 2016 77

65. I. FINANCIAL HIGHLIGHTS OF THE ASSECO CENTRAL EUROPE GROUP

    THE ASSECO CENTRAL EUROPE GROUP	In thousand of PLN		In thousand of EUR
    SELECTED FINANCIAL DATA	3 quarters cumulative	3 quarters cumulative	3 quarters cumulative	3 quarters cumulative
    1 Jan 2016 -	1 Jan 2015 -	1 Jan 2016 -	1 Jan 2015 -
    30 Sept 2016	30 Sept 2015	30 Sept 2016	30 Sept 2015
    Sales revenues	485,419	391,965	111,111	94,256
    Operating profit (loss)	40,407	37,905	9,249	9,115
    Pre-tax profit (loss)	40,809	38,267	9,341	9,202
    Net profit for the reporting period attributable to Shareholders of the Parent Company	31,499	28,968	7,210	6,966
    Net cash provided by (used in) operating activities	(2,538)	18,281	(577)	4,396
    Net cash provided by (used in) investing activities	(26,842)	(6,412)	(6,148)	(1,542)
    Net cash provided by (used in) financing activities	(50,106)	(44,509)	(11,469)	(10,703)
    Increase (decrease) in cash and cash equivalents	(79,486)	(32,640)	(18,194)	(7,849)
    Total assets	607,475	622,006	140,880	146,748
    Non-current liabilities	23,298	22,604	5,403	5,333
    Current liabilities	139,648	166,424	32,386	39,264
    Equity attributable to shareholders of the Parent Company	455,433	441,348	105,620	104,126
    Share capital	3,057	3,005	709	709
    Number of shares (pcs.)	21,360,000	21,360,000	21,360,000	21,360,000
    Earnings per share (in PLN/EUR)	1.47	1.36	0.34	0.33
    Book value per share (in PLN/EUR)	21.32	20.66	4.94	4.87
    Declared or paid dividends per share (in PLN/EUR)	2.27	1.95	0.52	0.47

    31.12.2015	31.12.2015
    Total assets	717,577	168,386
    Non-current liabilities	20,353	4,776
    Current liabilities	239,185	56,127
    Shareholders' equity	466,766	109,531
    Share capital	3,021	709