Sanok Rubber Spólka Akcyjna : Annual Report for 2023
March 22, 2024 at 12:46 pm IST
Share
BALANCE SHEET OF SANOK RC SA
(Financial report as of the end of period) - in thousand PLN
As at
31.12.2022
31.12.2023
Tangible fixed assets
305 894
304 280
Intangible assets
11 254
9 634
Other long-term accounts receivable
2 821
3 046
Contract assets
1 749
1 928
Shares
91 913
79 160
Financial assets
47 934
44 503
Deferred income tax assets
34 833
32 296
Long-term active prepayments and accrued income
429
570
Total fixed assets
496 827
475 417
Stocks
150 092
171 543
Trade accounts receivable
163 531
175 385
Other short-term accounts receivable
11 440
11 102
Contract assets
255
235
Active prepayments and accrued income
2 170
1 831
Financial assets
5 583
21 767
Cash and cash equivalents
106 544
78 997
Total current assets
439 615
460 860
TOTAL ASSETS
936 442
936 277
Share capital
5 376
5 376
Own Shares
-11 230
-11 230
Reserve funds
1 792
1 792
Capital from the valuation of warrants
1 118
6 297
Reserve capital for the share buyback program
49 230
15 000
Retained profit
563 154
556 129
Total shareholders' equity
609 440
573 364
Credits
98 318
175 198
Financial liabilities
13 837
12 751
Provisions
14 724
18 236
Income from future periods
29
33
Total long-term liabilities
126 908
206 218
Credits and debt securities
35 393
0
Trade liabilities
76 173
88 270
Financial liabilities
2 504
3 192
Other short-term liabilities
20 426
11 816
Income tax liabilities
295
1
Liabilities related to the contract
6 517
3 263
Income from future periods
477
1 048
Provisions
58 309
49 105
Total short-term liabilities
200 094
156 695
TOTAL LIABILITIES
936 442
936 277
1
PROFIT AND LOSS ACCOUNT OF SANOK RC SA
in thousand PLN
01.01.2023
01.01.2022
31.12.2023
31.12.2022
Sales revenue
1 042 172
968 768
Cost of sales
874 691
818 025
Gross profit on sales
167 481
150 743
Selling cost
14 734
15 173
General and administrative expenses
92 490
76 181
Core business result
60 257
59 389
Other operating income
8 418
3 119
Other operating expenses
1 620
3 249
Operating result
67 055
59 259
Losses on write-downs (+) / gains on reversals of write-downs under IFRS 9 (-)
563
-3 545
Interest income
9 949
6 494
Financial income
8 799
5 366
Financial expenses
12 137
35 976
Pre-tax profit
73 103
38 688
Income tax
5 375
151
current
7 641
4 829
deferred
-1 733
-1 106
deferred (activities in Polish Investment Zone)
-533
-3 572
Net profit
67 728
38 537
Weighted-average number of shares
26 075 465
26 607 948
Earnings per share
2,60
1,45
Weighted-average diluted number of shares
26 881 922
27 239 609
Diluted earnings per share
2,52
1,41
Revenue from sales of products
1 026 505
931 555
Revenue from sales of goods and materials
6 552
4 132
Other revenues
9 115
33 081
Total sales revenue including
1 042 172
968 768
of witch
revenue generated locally
335 439
311 167
revenues from foreign contractors
706 733
657 601
2
CASH FLOW STATEMENT OF SANOK RC SA
in thousand PLN
For the period from 01.01 to 31.12
2022
2023
Net profit
67 728
38 537
Total adjustments:
88 656
41 339
−
Depreciation
53 725
51 265
−
Net foreign exchange (gains) losses
-9 052
125
−
Net interest and dividends
-412
-4 228
−
Income tax on profit before taxation
7 641
4 829
−
(Gains) losses from investing activities
1 321
31 457
−
Change in provisions
10 289
13 197
−
Change in stocks
21 450
-23 954
−
Change in accounts receivable
14 032
-45 265
−
Change in liabilities
-8 165
11 221
−
Change in active prepayments and accrued income
-3 309
-4 399
−
Other adjustments
8 089
10 878
−
Income tax paid
-6 953
-3 786
Net cash from operating activities
156 384
79 876
Income from sales of tangible and intangible fixed assets
1 354
69
Income from financial assets
839
2 806
Income from repayment of loans
9 854
2 304
Income from repayment of interest on loans
1 801
377
Acquisition of tangible and intangible fixed assets
-47 926
-47 793
Acquisition of the CO2 emission rights
-11 633
-17 302
Outflows for financial assets
-12 534
0
Expenses/receipts. deposits over 3 months
-1 475
0
Net cash from investing activities
-59 720
-59 539
Proceeds from credits taken
0
97 898
Repayment of credits
-28 791
-91 656
Acquisition of own shares
0
-11 230
Interest paid
-7 059
-2 680
Dividend paid
-31 291
0
Financial expenses (leasing)
-1 977
-2 392
Net cash from financing activities
-69 118
-10 060
Change in cash
27 546
10 277
Change in cash resulting from foreign exchange differences
1
-10
Cash at beginning of period
78 997
68 730
Change in net cash
27 547
10 267
Cash at end of period
106 544
78 997
including restricted cash
810
232
3
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Sanok Rubber Company SA published this content on
21 March 2024 and is solely responsible for the information contained therein. Distributed by
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22 March 2024 07:15:05 UTC.
Sanok Rubber Company SA, known as Sanockie Zaklady Przemyslu Gumowego Stomil Sanok SA, is a Poland-based company focused on development, production and marketing of products made from rubber and rubber combined with metal and other materials. The Companyâs business is divided into four segments: Automotive, Construction, Rubber Compounds and Industry and Agriculture. The Company manufactures a range of products used in such fields as car body sealing systems, car suspension and exhaust systems, electrical, power transmission, fuel and cooling systems, agriculture, household appliances and pharmaceutical industry.. The Companyâs customers are: Fiat, General Motors, Ford Motor, Volvo Cars, Suzuki, Volkswagen Group, Volvo Trucks, Mack Truck and LDV, among others. The Company operates through Stomet Sp. z o.o., PST Stomil Sp. z o.o., Stomil Sanok Dystrybucja Sp. z o.o., PHU Stomil East Sp. z o.o., Stomil Sanok Wiatka satz, and Stomil Sanok Rus Sp. z o.o., among others.