FORCHEM BUSINESS PLAN. 07/ m BOND ISSUE Q BONDHOLDER REPORT

Transcription

1 FORCHEM BUSINESS PLAN 07/ m BOND ISSUE Q BONDHOLDER REPORT

2 INTERIM UNAUDITED CONSOLIDATED REPORT OF THE GROUP P&L Income Statement Gross Sales Cost of sales Freight & Handling (12.004) Sales office cost (856) Forex gain/loss (89) Net sales Materials and supplies (60.157) Sales margin Fixed Production Costs (748) Maintenance (762) Production wages (408) Administration costs (2.610) Sales bonuses & rebates - Salaries (1.660) QA & Supply Chain (1.338) Other external services and supplies - Other costs - Profits/ losses in group companies - EBITDA Depreciation and amortization expense (2.713) EBIT Financial expenses (7.111) EBT Change in Depr. Reserves (959) Taxes (879) Net profit for the period

3 INTERIM UNAUDITED CONSOLIDATED REPORT OF THE GROUP BALANCE SHEET Month 9 Equity and Loans Year 2015 Equity Share Capital & Capital Reserves Equity Loans IC/Shareholder loans 0 Profit fr. previous period Dividends Assets Profit of the year/period Equity total Fixed Assets Loss of winding-up 0 Reserves Assets from investments, no depreciations Activation of investments 0 Loans Annual Investments 93 Long Term Loans Depreciations cum Changes in Loans 0 Fixed Assets total Shareholder loans 0 Other Financial Assets Changes in Shareholder loans 0 Inventories Payables Sales Receivables Other Short Term Loans Revolving 0 Other Receivables Other Short Term Loans IC Holding Oy 0 IC ST Receivables 0 Interest Debt IC Equity Loan Old 0 Cash Accruals Other Financial Assets total Loans together Assets total Equity and Loans total

4 INTERIM UNAUDITED CONSOLIDATED REPORT OF THE GROUP CASH FLOW STATEMENT CASH FLOW FROM OPERATIONS EBIT (+/-) Depreciations (+) Net Financing (+/-) Group contribution 0 Taxes (-) -879 CF before change in Working Capital WORKING CAPITAL Change in Inventories, incr.(-)/decr.(+) Change in nib receivables, incr.(-)/decr.(+) Change in nib liabilities, incr.(+)/decr.(-) Change in Working Capital CF from operations INVESTMENTS Investments -763 CASH FLOW before FINANCING (k ) Free Cash Flow (excl. interests ) FINANCING Share capital change/dividends Sceduled Change of LT ib liabilities Unsceduled Change of LT ib liabilities 0 Capital loan change 0 Dividends 0 0 Financing total CF after Financing items Cash Opening Balance Cash Closing Balance

5 INTERIM UNAUDITED CONSOLIDATED REPORT OF THE ISSUER P&L Income Statement Gross Sales Cost of sales Freight & Handling (12.004) Sales office cost - Forex gain/loss (89) Net sales Materials and supplies (60.157) Sales margin Fixed Production Costs (748) Maintenance (762) Production wages (408) Administration costs (2.610) Sales bonuses & rebates - Salaries (1.660) QA & Supply Chain (1.338) Other external services and supplies - Other costs - Profits/ losses in group companies - EBITDA ,12 Depreciation and amortization expense (2.713) EBIT Financial expenses (7.111) EBT Change in Depr. Reserves (959) Taxes (879) Net profit for the period

6 INTERIM UNAUDITED CONSOLIDATED REPORT OF THE ISSUER BALANCE SHEET Month 9 Equity and Loans Year 2015 Equity Share Capital & Capital Reserves Equity Loans IC/Shareholder loans 0 Profit fr. previous period Dividends Assets Profit of the year/period Equity total Fixed Assets Loss of winding-up 0 Reserves Assets from investments, no depreciations Activation of investments 0 Loans Annual Investments 93 Long Term Loans Depreciations cum Changes in Loans 0 Fixed Assets total Shareholder loans 0 Other Financial Assets Changes in Shareholder loans 0 Inventories Payables Sales Receivables Other Short Term Loans Revolving 0 Other Receivables Other Short Term Loans IC Holding Oy 0 IC ST Receivables 0 Interest Debt IC Equity Loan Old 0 Cash Accruals Other Financial Assets total Loans together Assets total Equity and Loans total

7 INTERIM UNAUDITED CONSOLIDATED REPORT OF THE ISSUER CASH FLOW STATEMENT CASH FLOW FROM OPERATIONS EBIT (+/-) Depreciations (+) Net Financing (+/-) Group contribution 0 Taxes (-) -879 CF before change in Working Capital WORKING CAPITAL Change in Inventories, incr.(-)/decr.(+) Change in nib receivables, incr.(-)/decr.(+) Change in nib liabilities, incr.(+)/decr.(-) Change in Working Capital CF from operations INVESTMENTS Investments -763 CASH FLOW before FINANCING (k ) Free Cash Flow (excl. interests ) FINANCING Share capital change/dividends Sceduled Change of LT ib liabilities Unsceduled Change of LT ib liabilities 0 Capital loan change 0 Dividends 0 Financing total CF after Financing items Cash Opening Balance Cash Closing Balance

8 REPORT FROM THE BOARD OF DIRECTORS Company s activity continued to perform satisfatorily driven by a strong demand in most products. Oil prices, that drive both raw material and relevant product ranges, kept at a low level comparing with recent periods and are most likely to stay that way. The company incresased inventories in order to protect from market fluctuation and to benefit from current prices. Overal performance is positive and in some aspects better than expected due to better market conditions. During August the company had the summer maintenance stop that lasted two weeks as programmed. 8

9 FORCHEM BUSINESS PLAN