Annual Report 2010 - Savatech

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ANNUAL REPORT 2010 ∂ FINANCIAL REPORTIncome statement for the period January – December 2010€ in thousandsNotes 2010 20091. NET SALES REVENUES 2.4.14. 94,162 73,186a) Revenues in domestic market 24,182 18,089To companies in the Group 1,130 2,052To associates 0 0To others 23,052 16,037b) Revenues in foreign market 69,980 55,097To companies in the Group 16,199 13,179To associates 0 0To others 53,781 41,9182. CHANGE IN THE VALUE OF INVENTORIES OF PRODUCTS AND WORK IN PROGRESS -90 -2,3543. CAPITALISED OWN PRODUCTS AND SERVICES 0 04. OTHER OPERATING REVENUES (with operating revenues from revaluation adjustment) 2.4.15. 114 1,3535. COSTS OF MERCHANDISE, MATERIALS AND SERVICES 2.4.17. -66,877 -51,469a) Cost of merchandise and material sold and cost of material used -53,200 -38,474b) Cost of services -13,677 -12,9956. LABOUR COSTS 2.4.18. -18,861 -17,063a) Salaries and wages -13,568 -12,357b) Social security cost (pension insurance cost shown separately) -2,613 -2,253- Social security cost -1,056 -899- Pension insurance cost -1,557 -1,354c) Other labour cost -2,680 -2,4537. AMORTISATION AND DEPRECIATION EXPENSE, WRITE-OFFS 2.4.19. -3,603 -5,104a) Amortisation -3,487 -3,385b) Operating expenses from revaluation of intangible and tangible fixed assets -14 -1,203c) Operating expenses from revaluation of current assets -102 -5168. OTHER OPERATING EXPENSES 2.4.20. -1,121 -3069. OPERATING PROFIT 3,724 -1,75710. FINANCIAL REVENUES FROM SHARES 0 0a) Financial revenues from shares in Group's companies 0 0b) Financial revenues from shares in associates 0 0c) Financial revenues from shares in other companies 0 0d) Financial revenues from other investments 0 011. FINANCIAL REVENUES FROM GRANTED LOANS 2.4.21. 658 309a) Financial revenues from loans granted to Group's companies 647 226b) Financial revenues from loans granted to other entities 11 8312. FINANCIAL REVENUES FROM OPERATING RECEIVABLES 2.4.22. 730 396a) Financial revenues from operating receivables due from Group's companies 140 159b) Financial revenues from operating receivables due from other entities 590 23713. FINANCIAL EXPENSES FROM IMPAIRMENT AND WRITE-OFFS IN FINANCIAL0 0INVESTMENTS14. FINANCIAL EXPENSES FROM FINANCIAL LIABILITIES 2.4.23. -862 -567a) Financial expenses from borrowings obtained from Group's companies 0 0b) Financial expenses from borrowings obtained from banks -862 -567c) Financial expenses from issued bonds 0 0d) Financial expenses from other financial liabilities 0 015. FINANCIAL EXPENSES FROM OPERATING LIABILITIES 2.4.24. -512 -386a) Financial expenses from operating liabilities due to Group's companies -43 -105b) Financial expenses from trade payables and bill payables 0 -3c) Financial expenses from other operating liabilities -469 -27816. OTHER REVENUES 2.4.25. 546 3,73517. OTHER EXPENSES 2.4.25. -3 -2418. TAX ON PROFIT 2.4.26. -776 -9519. DEFERRED TAXES 2.4.27. 68 -22720. NET PROFIT FOR THE FINANCIAL YEAR 3,573 1,38452
ANNUAL REPORT 2010 ∂ FINANCIAL REPORTStatement of comprehensive income for the period January – December 2010€ in thousands2010 2009Net profit for the period 3,573 1,384Other comprehensive income: 0 0- foreign currency translation differences 0 0- net loss on hedge of net investment in foreign operation 0 0- revaluation of property, plant and equipment 0 0- effective portion of changes in fair value of cash flow hedges 0 0- net change in fair value of cash flow hedges transferred to profit or loss 0 0- change in fair value of available-for-sale financial assets 0 0- deferred tax form change in fair value of available-for-sale financial assets 0 0- change in fair value of investments in associated companies 0 0- change in fair value of available-for-sale financial assets transferred to profit or loss 0 0- deferred tax from a change in fair value of available-for-sale financial assets transferredto profit or loss 0 0- defined benefit plan actuarial gains / losses 0 0- deferred tax 0 0Other comprehensive income for the period, net of income tax in the period 0 0Total comprehensive income for the period 3,573 1,384The calculation of the accumulated profit is on page 56 of this report.53
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Annual Report 2010 - Savatech

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