Selected financial data - 6 months ended June 30 (thousands PLN)
|
|
(Jan. 1 - June 30)2006 |
(Jan. 1 - June 30)2007 |
(Jan. 1 - June 30) 2008 |
|
Total revenues from sale |
11 625 |
37 228 |
35 846 |
|
Gross profit from sales |
1 357 |
4 254 |
4 674 |
|
Profit from operating activity |
343 |
2 986 |
1 586 |
|
Gross profit |
185 |
3 101 |
1 513 |
|
Net profit |
46 |
2 507 |
1 513 |
|
Total assets |
78 493 |
99 094 |
106 089 |
|
Liabilities and provisions for liabilities |
53 594 |
67 713 |
75 528 |
|
Long-term liabilities |
84 |
132 |
170 |
|
Short-term liabilities |
53 510 |
67 581 |
75 358 |
|
Equity capital (fund) |
24 899 |
31 381 |
30 561 |
|
Share capital |
7 500 |
7 500 |
7 500 |
|
Number of shares (items) |
7 500 000 |
7 500 000 |
7 500 000 |
|
Profit on share |
0,01 |
0,33 |
0,20 |
|
Dilluted profit on share |
0,01 |
0,33 |
0,20 | High value of short-term liabilities
It should be pointed out that the high values of receivables and short-term liabilities can be attributed to the specifity of the Issuer's business operations. Debt accepted for collection under DATC (Debt Trust Agreement Contract) in the amount due to the Creditor constitute the Issuer's short-term liabilities or the labilities side, but on assets side, they corrected by deferred income - are placed together with interest as short-term receivables. Similarly, in the case of factoring services, a debt accepted for factoring constitutes a receivable of the Issuer.
The foregoing has a direct impact on the data presented in financial statements. Selected profitability ratios
|
Profitablity ratio |
(Jan. 1 - June 30)2006 |
(Jan. 1 - June 30) 2007 |
(Jan. 1 - June 30)2008 |
|
Return on sales |
0,40% |
6,73% |
4,22% |
|
Sales profitability |
4,71% |
8,09% |
10,41% |
|
Gross margin on sales |
11,67% |
11,43% |
13,04% |
|
Return on assets |
0,06% |
2,53% |
1,43% |
|
Return on Equity |
0,18% |
7,99% |
4,95% |
|
Return on Investemet |
0,44% |
3,01% |
1,49% |
|
Operating profit margin |
2,95% |
8,02% |
4,42% |
|
Earnings per share |
0,01 |
0,33 |
0,20 |
|
EBIDTA/1 share |
0,08 |
0,43 |
0,24 | Selected gearing ratios
|
Gearing ratio |
(Jan. 1 - June 30) 2006 |
(Jan. 1 - June 30) 2007 |
(Jan. 1 - June 30) 2008 |
|
Debt to total assets ratio |
68,28% |
68,33% |
71,19% |
|
Debt -equity ratio |
2,15 |
2,16 |
2,47 |
|
Labilities structure ratio |
0,16% |
0,19% |
0,23% | Selected liquidity ratios
|
Liquidity ratio |
(Jan. 1 - June 30) 2006 |
(Jan. 1 - June 30) 2007 |
(Jan. 1 - June 30) 2008 |
|
Current ratio |
1,38 |
1,42 |
1,37 |
|
Quick ratio |
1,38 |
1,42 |
1,36 |
|
Superquick ratio |
0,34* |
0,04 |
0,01 | * High value of super quick ratio stem from the fact, that CASH FLOW S.A. gained PLN 20.000.000 from initial public offer of C series shares in 2006. Resources were transferred to company at the end of June 2006 and therefore CASH FLOW S.A. couldn’t implement all resources in business activity till the end of June 2006. |
