VÝROČNÍ ZPRÁVA ANNUAL REPORT - Philip Morris

ANNUAL REPORT 2008 | FINANCIAL RESULTS
Balance Sheet
as at December 31, 2008 (in CZK million)
ASSETS Note December 31, 2008 December 31, 2007
Property, plant and equipment (PP&E) 5 2 224 2 183
Intangible assets 123 16
Investments in subsidiary 1 19 19
Non-current assets 2 366 2 218
Inventories 7 4 909 4 721
Trade receivables 8 1 734 6 476
Other receivables 8 24 33
Cash and cash equivalents 9 1 374 2 219
Current assets 8 041 13 449
Property, plant and equipment classified as held-for-sale 5 - 28
Total assets 10 407 15 695
EQUITY & LIABILITIES
Note
Registered capital 10 2 745 2 745
Share premium and other shareholders’ contributions 2 356 2 355
Reserves 10 549 549
Retained earnings 2 597 3 475
Equity 8 247 9 124
Deferred tax liability 13 118 123
Non-current liabilities 118 123
Trade and other financial liabilities 11 463 862
Non-financial liabilities 11 128 110
Income tax liability 66 161
Other tax liabilities 12 1 363 5 287
Provisions for current liabilities 18 20 -
Bank overdrafts 2 28
Current liabilities 2 042 6 448
Total liabilities 2 160 6 571
Total equity & liabilities 10 407 15 695
Income Statement
for the year ended December 31, 2008 (in CZK million)
Note 2008 2007
Revenues 4 8 731 10 847
Cost of goods sold 16 (5 484) (6 181)
Gross profit 3 247 4 666
Distribution expenses 16 (788) (982)
Administrative expenses 16 (604) (655)
Dividend income 14 - 39
Other income 15 85 92
Other operating income 19 317 142
Other operating expense 20 (282) (135)
Profit from operations 1 975 3 167
Financial expenses (9) (1)
Profit before income tax 1 966 3 166
Income tax expense 22 (432) (742)
Net profit for the year 1 534 2 424
Earning per share basic and diluted (CZK/share) 23 559 883
The accompanying notes form an integral part of the financial statements.
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