JOINT STOCK COMPANY LATVIJAS CENTRĀLAIS DEPOZITĀRIJS (UNIFIED REGISTRATION NUMBER )

Transcription

1 JOINT STOCK COMPANY LATVIJAS CENTRĀLAIS DEPOZITĀRIJS (UNIFIED REGISTRATION NUMBER ) CONDENSED FINANCIAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2010

2 Address: Vaļņu iela 1, Rīga, LV-1050 CONTENTS Independent auditors report 3 Income statement 4 Balance sheet 5 Cash flow statement 7 Statement of changes in equity 8 2

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4 Income statement Ls Ls Net sales Costs of sale s ( ) ( ) Gross profit Administrative expenses ( ) ( ) Other operating income Other operating expenses (8 616) (11 781) Interest receivable and similar income Change of the value on non-current financial assets and short-term securities Interest payable and similar expenses (3 212) (6 358) Profit before taxes Corporate income tax (81 525) (86 320) Deferred income tax Current year's profit Aivars Slokenbergs Indars Aščuks Raitis Vancāns Chairman of the Board Member of the Board Member of the Board 4

5 Balance sheet ASSETS NON-CURRENT ASSETS Ls Ls Intangible assets Concessions, patents, licences and similar rights TOTAL Property, plant and equipment Property, plant and equipment TOTAL Non-current financial assets Other investments Deferred income tax Other receivables TOTAL TOTAL NON-CURRENT ASSETS CURRENT ASSETS Non-current assets held for sale Trade receivables Trade receivables Receivables from related companies Other receivables Prepaid expenses TOTAL Cash and cash equivalents TOTAL CURRENT ASSETS TOTAL ASSETS Aivars Slokenbergs Indars Aščuks Raitis Vancāns Chairman of the Board Member of the Board Member of the Board 5

6 Balance sheet EQUITY AND LIABILITIES EQUITY Ls Ls Share capital Retained earnings: brought forward for the period TOTAL EQUITY LIABILITIES Current liabilities Trade and other payables Payables to related companies - 78 Taxes payable Deferred income Accrued liabilities TOTAL TOTAL LIABILITIES TOTAL EQUITY AND LIABILITIES Aivars Slokenbergs Indars Aščuks Raitis Vancāns Chairman of the Board Member of the Board Member of the Board 6

7 Cash flow statement Ls Ls Cash flows to/ from operating activities Profit before tax Adjustments for: Depreciation of tangible assets Amortisation of intangible assets (5 379) Increase/ (decrease) in provisions Unrealised (gain)/ loss from fluctuations of currency exchange rates Interest income (52 352) (37 584) Loss on changes in fair value of financial instruments (48 571) (7 090) Operating profit or loss before working capital changes (Increase)/ decrease in receivables ( ) ( ) Increase/ (decrease) in payables Cash generated from operations Corporate income tax paid (69 370) (61 942) Net cash flows to/ from operating activities Cash flows to/ from investing activities Purchase of property, plant and equipment Purchase of financial assets ( ) ( ) Proceeds from disposal of financial assets Interest received (48 571) (7 090) Net cash flows to/ from investing activities (50 588) Cash flows to/ from financing activities Dividends paid ( ) ( ) Net cash flows to/ from financing activities ( ) ( ) Change in cash ( ) Net foreign exchange difference (2 259) (5 239) Cash at the beginning of the year Cash at the end of the year

8 Statement of changes in equity Share capital Non-current asset revaluation reserve Retained earnings Profit for the year Balance as at 31 December Dividends paid - - ( ) - ( ) Fair value gains on available-forsale financial assets - (6 992) - - (6 992) Transfer of prior year result ( ) - Profit for the reporting year Balance as at 31 December Dividends paid - - ( ) - ( ) Transfer of prior year result ( ) - Profit for the reporting year Balance as at 31 December Total 8

9 Note 1 Basis of preparation A summary of the audited financial statements of the Company is prepared entirely based on the decision of the Management of the Company. Summary financial statements comprise income statement, balance sheet, cash flow statement and statement in changes in equity for the year ended 31 December The complete audited financial statements of the Company for the year ended 31 December 2010 were prepared in accordance with Law of the Republic on Annual Reports and are publicly available at Company's official website 9