2015 ANNUAL REPORT
annual report IMOS Brno, a.s. 2015 / english version
TABLE OF CONTENTS Basic Data about the Company and its Bodies, Company Profile 3 Human Resources, Turnover, Organisational Structure 4 Balance sheet 5 Profit and Loss Statement 8 Cash flow Statement 9 Notes to Financial Statement 10 Auditor s Report on an audit of financial statements 15
BASIC DATA ABOUT THE COMPANY AND ITS BODIES Name: IMOS Brno, a.s. Head office: Olomoucká 704/174, Černovice, 627 00 Brno Incorporated by: Commercial Register kept by the Regional Court in Brno, section B, file 2211 Date of incorporation: 1. 1. 1997 ID no.: 25322257 Tax ID no.: CZ25322257 Tel.: +420 548 129 111 Fax: +420 548 129 390 Legal form: Joint-stock company Statutory body: Board of Directors Registered capital: 205,000.000,- Kč Shareholder holding more than 20% of shares: IMOS holding, a.s. Stock: 204 registered shares in the par value of 1,000,000 CZK each4 2 registered shares in the par value of 500,000 CZK each BOARD OF DIRECTORS OF THE COMPANY Ing. Robert Suchánek Ing. Milan Karásek Ing. Aleš Špinar David Platzer SUPERVISORY BOARD Ing. Jan Sniegon Ing. Ivan Sigmund Ing. Oldřich Štercl Ing. Jiří Rulíšek Chairman of the Board and Managing Director Member of the Board and Civil Engineering Brno Branch Director Member of the Board and Water Management and Road Construction Brno Branch Director Member of the Board and Ostrava Branch Director Chairman of the Supervisory Board Member of the Supervisory Board Member of the Supervisory Board Member of the Supervisory Board COMPANY PROFILE AND INTEGRATED QUALITY MANAGEMENT SYSTEM A) Civil engineering: - industrial plants - shopping malls - civil facilities B) Water management structures - Sewerage systems, waste water treatment plants, water ducts and water course management structures - Complete networks of technical infrastructure, landscaping, and extensive earthworks C) Road construction - Motorways, expressways, roads, bridges and engineering structures D) Road development and accredited testing laboratory 3
HUMAN RESOURCES, TURNOVER The company has always paid great attention to the selection of its employees. We strive to get top quality professionals and support them in improving their specialist skills in order to satisfy investors needs. This is also demonstrated by the ever growing number of authorised engineers and technicians working for the company at the moment there are 43 of them. The table below shows the average headcount in previous years. The other table shows the company s turnover in the last eight years. Overview of average annual headcount in total HEADCOUNT 900 800 700 600 500 400 300 200 100 0 783 764 702 668 655 656 677 658 2008 2009 2010 2011 2012 2013 2014 2015 YEAR Turnover TURNOVER 8 7 6 5 4 3 2 1 0 6,9376 5,8105 4,2000 5,5030 6,0860 5,8445 5,7800 5,4384 2008 2009 2010 2011 2012 2013 2014 2015 YEAR Organisational Chart IMOS Brno, a. s. Board of Directors Managing Director Slovakia organisational unit Legal services (external) Brno business - Civil engineering Sales division Road development division Facility management division Technical division Brno Ostrava business Brno business -Water Management and Road Construction Technial Operation of Production Division Economic and Administrative Division 4
BALANCE SHEET Current accounting period Previous period Row ASSETS Gross Adjustment Net Net A 1 TOTAL ASSETS (r. 02 + 03 + 31 + 63) 3 506 024-165 776 3 340 248 3 535 648 5 A A. 2 Receivables from subscriptions 0 0 0 0 A B. 3 Fixed assets (r. 04 + 13 + 23) 415 446-160 693 254 753 265 845 A B.I. 4 Intangible fixed assets (r.05 to 12) 10 415-9 135 1 280 1 936 A B.I.1 5 Incorporation expenses 0 0 0 0 A B.I.2 6 Research and development 0 0 0 0 A B.I.3 7 Software 10 415-9 135 1 280 1 936 A B.I.4 8 Valuable rights 0 0 0 0 A B.I.5 9 Goodwill ( +/- ) 0 0 0 0 A B.I.6 10 Other intangible fixed assets 0 0 0 0 A B.I.7 11 Intangible fixed assets under construction 0 0 0 0 A B.I.8 12 Advance payments for intangible fixed assets 0 0 0 0 A B.II. 13 Tangible fixed assets (r.14 to 22) 350 325-151 558 198 767 209 156 A B.II.1 14 Lands 58 976 0 58 976 58 976 A B.II.2 15 Constructions 98 364-14 115 84 249 86 683 A B.II.3 16 Equipment 190 940-137 443 53 497 62 422 A B.II.4 17 Perennial corps 0 0 0 0 A B.II.5 18 Breeding and draught animals 0 0 0 0 A B.II.6 19 Other tangible fixed assets 376 0 376 376 A B.II.7 20 Tangible fixed assets under construction 1 669 0 1 669 699 A B.II.8 21 Advance payments for tangible fixed assets 0 0 0 0 A B.II.9 22 Adjustment to acquired assets 0 0 0 0 A B.III. 23 Long-term financial assets (r. 24 to 30) 54 706 0 54 706 54 753 A B.III.1 24 Shares - controlled organizations 54 706 0 54 706 54 753 A B.III.2 25 Shares in accounting units with substantial influence 0 0 0 0 A B.III.3 26 Other securities and shares 0 0 0 0 A B.III.4 27 Loans - controlled and controlling organizations, substantial influence 0 0 0 0 A B.III.5 28 Other financial investments 0 0 0 0 A B.III.6 29 Financial investments acquired 0 0 0 0 A B.III.7 30 Advance payments for long-term financial assets 0 0 0 0 A C. 31 Current assets (r. 32 + 39 + 47 + 58) 3 070 371-5 083 3 065 288 3 253 627 A C.I. 32 Inventory (r.33 to 38) 164 313 0 164 313 227 286 A C.I.1 33 Materials 9 669 0 9 669 50 335 A C.I.2 34 Work in progress and semi-products 154 644 0 154 644 176 951 A C.I.3 35 Finished products 0 0 0 0 A C.I.4 36 Animals 0 0 0 0 A C.I.5 37 Merchandise 0 0 0 0 A C.I.6 38 Advance payments for inventory 0 0 0 0 A C.II. 39 Long-term receivables (r. 40 to 47) 619 656 0 619 656 203 876 A C.II.1 40 Trade receivables 163 505 0 163 505 203 876 A C.II.2 41 Receivables - controlled and controlling organizations 0 0 0 0 A C.II.3 42 Receivables - accounting units with substantial influence 0 0 0 0 A C.II.4 43 Receivables from partners 0 0 0 0 A C.II.5 44 Long-term deposits given 0 0 0 0 A C.II.6 45 Estimated receivable 0 0 0 0 A C.II.7 46 Other receivables 456 151 0 456 151 0 A C.II.8 47 Deffered tax receivable 0 0 0 0 A C.III. 48 Short-term receivables (r. 49 to 57) 1 224 116-5 083 1 219 033 1 834 587 A C.III.1 49 Trade receivables 808 054-5 083 802 971 1 172 058 A C.III.2 50 Receivables - controlled and controlling organizations 88 000 0 88 000 88 038
A C.III.3 51 Receivables - accounting units with substantial influence 0 0 0 0 A C.III.4 52 Receivables from partners 51 894 0 51 894 39 073 A C.III.5 53 Receivables from social security and health insurance 0 0 0 0 A C.III.6 54 Due from state - tax receivable 17 272 0 17 272 21 156 A C.III.7 55 Short-term deposits given 96 013 0 96 013 93 232 A C.III.8 56 Estimated receivable 22 486 0 22 486 38 106 A C.III.9 57 Other receivables 140 397 0 140 397 382 924 A C.IV. 58 Short-term financial assets (r. 59 to 62) 1 062 286 0 1 062 286 987 878 A C.IV.1 59 Cash 1 441 0 1 441 1 396 A C.IV.2 60 Bank accounts 1 060 845 0 1 060 845 986 482 A C.IV.3 61 Short-term securities and ownership interests 0 0 0 0 A C.IV.4 62 Short-term financial assets acquired 0 0 0 0 A D.I. 63 Accruals (r. 64 to 66) 20 207 0 20 207 16 176 A D.I.1 64 Deferred expenses 4 238 0 4 238 4 797 A D.I.2 65 Complex deferred costs 0 0 0 0 A D.I.3 66 Deferred income 15 969 0 15 969 11 379 Row LIABILITIES Current accounting period Previous period P 67 TOTAL LIABILITIES (r. 68 + 89 + 122) 3 340 248 3 535 648 P A. 68 Equity (r. 69 + 73 + 80 + 83 + 87-88) 969 464 853 450 P A.I. 69 Registered capital (r. 70 to 72 ) 205 000 205 000 P A.I.1 70 Registered capital 205 000 205 000 P A.I.2 71 Company s own shares and ownership interests (-) 0 0 P A.I.3 72 Changes of registered capital ( +/- ) 0 0 P A.II. 73 Capital funds (r. 74 to 79) 27 281 27 329 P A.II.1 74 Share premium 0 0 P A.II.2 75 Other capital funds 27 150 27 150 P A.II.3 76 Diferences from revaluation of assets and liabilities ( +/- ) 131 179 P A.II.4 77 Diferences from revaluation in tranformation of companies ( +/- ) 0 0 P A.II.5 78 Diferences from tranformation of companies ( +/- ) 0 0 P A.II.6 79 Diferences from valuation in tranformation of companies ( +/- ) 0 0 P A.III. 80 Funds from earnings (r. 81 + 82) 41 000 41 000 P A.III.1 81 Reserve fund 41 000 41 000 P A.III.2 82 Statutory and other funds 0 0 P A.IV. 83 Profit / loss - previous years (r. 84 to 86) 500 120 450 234 P A.IV.1 84 Retained earnings from previous years 500 120 450 234 P A.IV.2 85 Accumulated losses from previous years 0 0 P A.IV.3 86 Other profit / loss - previous years 0 0 P A.V.1 87 Profit / loss - current year (+/-) 196 063 129 887 A.V.1 88 Profit / loss - current year (+/-) 196 063 129 887 P A.V.2 89 Decided on advance for payment of a profit share (-) 0 0 P B. 90 Other sources (r. 87 + 94 + 105 + 118) 2 370 499 2 681 104 P B.I. 91 Reserves (r. 91 to 94) 5 831 3 325 P B.I.1 92 Reserves under special statutory regulations 0 0 P B.I.2 93 Reserves for pension and similar payables 0 0 P B.I.3 94 Income tax reserves 0 0 P B.I.4 95 Other reserves 5 831 3,325 P B.II. 96 Long-term payables (r. 96 to 105) 524 315 456 622 P B.II.1 97 Trade payables 519 787 452 457 P B.II.2 98 Payables - controlled and controlling organizations 0 0 P B.II.3 99 Payables - accounting units with substantial influence 0 0 6
7 Row LIABILITIES Current accounting period Previous period P B.II.4 100 Payables to partners 0 0 P B.II.5 101 Long-term advances received 0 0 P B.II.6 102 Issues bonds 0 0 P B.II.7 103 Long-term notes payables 0 0 P B.II.8 104 Estimated payables 0 0 P B.II.9 105 Other payables 0 0 P B.II.10 106 Deffered tax liability 4 528 4 165 P B.III. 107 Short-term payables (r. 107 to 117) 1 840 353 2 221 157 P B.III.1 108 Trade payables 552 071 750 847 P B.III.2 109 Payables - controlled and controlling organizations 0 0 P B.III.3 110 Payables - accounting units with substantial influence 0 0 P B.III.4 111 Payables to partners 45 965 27 007 P B.III.5 112 Payroll 16 236 18 627 P B.III.6 113 Payables to social securities and health insurance 8 712 9 754 P B.III.7 114 Due from state - tax liabilities and subsidies 7 580 15 894 P B.III.8 115 Short-term deposits received 47 682 58 237 P B.III.9 116 Issues bonds 0 0 P B.III.10 117 Estimated payables 1 160 666 1 337 891 P B.III.11 118 Other payables 1 441 2 900 P B.IV. 119 Bank loans and financial accomodations (r. 119 to 121) 0 0 P B.IV.1 120 Long-term bank loans 0 0 P B.IV.2 121 Short-term bank loans 0 0 P B.IV.3 122 Short-term accomodations 0 0 P C.I. 123 Accruals (r. 123 + 124) 285 1 094 P C.I.1 124 Accrued expenses 282 724 P C.I.2 125 Deffered revenues 3 370
PROFIT/LOSS ACCOUNT Row Text Current period Previous period I. 1 Revenues from sold goods 0 0 A. 2 Expenses on sold goods 0 0 + 3 Sale margin (r. 01-02) 0 0 II. 4 Production (r. 05+06+07) 5 329 442 5 617 091 II.1 5 Revenues from own products and services 5 385 838 5 654 110 II.2 6 Change in inventory of own products -56 396-37 162 II.3 7 Capitalisation 0 143 B. 8 Production consumption (r. 09+10) 4 631 258 5 064 164 B.I.1 9 Consumption of material and energy 536 540 561 695 B.I.2 10 Services 4 094 718 4 502 469 + 11 Added value (r. 03+04-08) 698 184 552 927 C. 12 Personnel expenses (r. 12 to 16) 438 609 448 632 C.1 13 Wages and salaries 335 808 335 411 C.2 14 Renumeration of board members 0 0 C.3 15 Social security expenses and health insurance 101 028 111 661 C.4 16 Other social expenses 1 773 1 560 D. 17 Taxes and fees 7 247 4 553 E. 18 Depreciations of intangible and tangible assets 19 259 16 630 III. 19 Revenues from disposals of fixed assets and materials (r. 20+21 ) 7 667 15 771 III.1 20 Revenues from disposals of fixed assets 1 877 3 400 III.2 21 Revenues from disposals of materials 5 790 12 371 F. 22 Net book value of diposed fixed assets and materials (r. 23+24 ) 6 085 13 122 F.1 23 Net book value of sold fixed assets 1 176 2 641 F.2 24 Net book value of sold material 4 909 10 481 G. 25 Change in operating reserves and adjustments and complex deferred costs ( + / - ) -10 169-2 519 IV. 26 Other operating revenues 76 223 99 031 H. 27 Other operating expenses 78 609 19 644 V. 28 Transfer of operating revenues 0 0 I. 29 Transfer of operating expenses 0 0 * 30 Operating profit / loss [Z. 11-12 - 17-18 + 19-22 - 25 + 26-27 + (-28) - (-29) ] 242 434 167 667 VI. 31 Revenues from sales of securities and ownership interests 0 0 J. 32 Sold securities and ownership interests 0 0 VII. 33 Revenues from long-term financial assets ( ř. 34 + 35 + 36) 0 0 VII.1 34 Revenues from shares in controlled organizations and in accounting units with subsantial influence 0 0 VII.2 35 Revenues from others securities and ownership interests 0 0 VII.3 36 Revenues from other long-term financial assets 0 0 VIII. 37 Revenues from short-term financial assets 0 0 K. 38 Expenses associated with financial assets 0 0 IX. 39 Revenues from revaluation of securities and derivatives 0 0 L. 40 Cost of revaluation of securities and derivatives 0 0 M. 41 Change in financial reserves and adjustments ( + / - ) 0 0 X. 42 Interest revenues 15 976 17 052 N. 43 Interest expenses 140 5 970 XI. 44 Other financial revenues 9 050 31 286 O. 45 Other financial expenses 22 719 23 886 XII. 46 Transfer of financial revenues 0 0 P. 47 Transfer of financial expenses 0 0 * 48 Profit / loss from financial operations ( transactions ) [Z. 31-32 + 33 +37-38 +39-40 - 41 + 42-43 + 44-45 + (-46) - (-47)] 2 167 18 482 Q. 49 Income tax on ordinary income (ř. 50 + 51) 48 538 56 262 Q.1 50 Due tax 48 175 55 192 Q.2 51 Tax deferred 363 1 070 ** 52 Operating profit / loss ordinary activity (ř. 30 + 48-49) 196 063 129 887 8
Row Text Current period Previous period XIII. 53 Extraordinery revenues 0 0 R. 54 Extraordinery expenses 0 0 S. 55 Income tax on extraordinery income (ř. 56 + 57) 0 0 S.1 56 Due tax 0 0 S.2 57 Tax deferred 0 0 * 58 Operating profit / loss extraordinary activity (ř. 53-54 -55 ) 0 0 T. 59 Trasfer profit ( loss ) to partners (+/-) 0 0 *** 60 Profit / loss of current accounting period (+/-) (ř. 52 + 58-59) 196 063 129 887 61 Profit / loss before tax (+/-) (ř. 30 + 48 + 53-54) 244 601 186 149 CASH FLOW STATEMENT Row Assets 9 P. Balance of cash in hand and financial equivalents as at the beginning of the reporting period 987 878 Cash flows from main activities (operating activities) Z. Profit/loss from running activities before taxation 244 601 A.1 Adjustments by non-cash operations -4 948 A.1.1 Depreciation of fixed assets and amortization of adjustments to acquired assets 19 259 A.1.2 Change in balance of adjustments and reserves -7 669 A.1.3 Profit (loss) on fixed assets -701 A.1.4 Revenue from dividends and shares in profit 0 A.1.5 Accounted expense and revenue interest -15 836 A.1.6 Possible adjustments by other non-cash operations -1 A* Net cash flow from running activities before taxation, changes in working capital and unusual/extraordinary items 239 653 A.2 Change in non-cash items of working capital -112 801 A.2.1 Change in balance of receivables from running activities, temporary assets accounts 205 918 A.2.2 Change in balance of short-term payables from running activities, temporary liability accounts -381 692 A.2.3 Change in balance of inventory 62 973 A.2.4 Change in balance of current liquid assets not included in cash or equivalents 0 A** Net cash flow from running activities before taxation and unusual/extraordinary items 126 930 A.3 Interests paid exclusive of interest capitalization -140 A.4 Interests received 15 976 A.5 Income tax for running activities and additional tax assessments for previous periods -48 175 A.6 Income and expense on unusual and/or extraordinary items, including income tax -363 A.7 Received dividends and shares in profit 0 A*** Net cash flow from running activities 94 228 Cash flows from investing activities B.1 Expense on fixed assets acquisition -9 342 B.2 Income from fixed assets sales 1 877 B.3 Loans to related parties 0 B*** Net cash flow from investing activities -7 465 Cash flows from financing activities C.1 Impact of changes in long-term and short-term payables 67 693 C.2 Impact of changes in equity on cash on hand and financial equivalents -80 048 C.2.1 Increase in cash on hand as a result of increased registered capital, share premium etc. 0 C.2.2 Payment of share in equity to partners 0 C.2.3 Other contributions of cash by partners and shareholders 0 C.2.4 Coverage of loss by partners 0 C.2.5 Establishment or drawing of other funds -48 C.2.6 Dividends paid or shares in profit, including taxes paid -80 000 C*** Net cash flow from financing activities -12 355 F. Net increase/decrease of monetary funds 74 408 R. Balance of cash in hand and financial equivalents as at the end of reporting period 1 062 286
Notes to Financial Statements 1. GENERAL DATA Registration date in the Commercial Register: 01/01/1997 Business name: IMOS Brno, a.s. Head office: Olomoucká 704/174, Černovice, 627 00 Brno Identification number: 25322257 Regional Commercial Court in Brno, section B, insert 2211 Main business activity: Construction of buildings, including their modifications, maintenance work and removal Legal form: Stock corporation Shareholders whose share exceeds 20%: IMOS holding, a.s., company registration No. 25866681 Olomoucká 174, 627 00 Brno Registered capital: 30,000,000 CZK Registered capital share: 100% More than 20 % share in the registered capital in other companies: IMOS Invest I, spol. s r.o., company registration No. 28279174 Olomoucká 704/174, Černovice, 627 00 Brno Registered capital: 15,000,000 CZK Registered capital share: 100% IMOS Brno GmbH, HRB 5715 Heilig-Kreuz-Str. 2a, 91522 Ansbach Germany Registered capital: 100 000 T EUR Registered capital share: 100% IMOS stavby, a.s. Olomoucká 704/174, Černovice, 627 00 Brno Registered capital: 2 000 thousand CZK Registered capital share: 100% CAMPUS RESIDENTIAL AREA II, a.s. Olomoucká 704/174, Černovice, 627 00 Brno Registered capital: 70 000 thousand CZK Registered capital share: 50% In 2004, the Company IMOS Brno, a.s. established an organizational unit with the head office in Slovakia: IMOS Brno, a.s. organizačná zložka Májová 1319, 022 01 Čadca, SK Company registration No.: 37848437, VAT No.: SK2021783940 Governing bodies: Chairman of the Board of Directors: Ing. Robert Suchánek Tvaroženská 109, Jiříkovice Members of the Board of Directors: Ing. Milan Karásek Za Humny 246, 664 34 Rozdrojovice David Platzer 739 49 Metylovice 587 Ing. Aleš Špinar Bohuňova 178/20, 625 00 Brno Supervisory Board Chairman: Ing. Jan Sniegon Lyžbická 1191, Lyžbice, 739 61 Třinec Members: Ing. Jiří Rulíšek Velká Morava 45, 561 69 Dolní Morava Ing. Ivan Sigmund Ing. Oldřich Štercl Average number of employees during the accounting period: 684 of which managers: 13 Pod skalkou 2109/10, 741 01 Nový Jičín Hájek 882/4, 691 72 Klobouky u Brna 10
LABOUR COSTS RECAPITULATION (IN T CZK): Employees of which Management Members of Executive Bodies Labour costs 335 808 46 086 Health insurance and social security costs 101 028 8 414 Several of the executives of individual sections, divisions and departments are entitled to use company cars, which is, in compliance with Section 6 of Act No. 586/1992 Sb., as amended, considered as part of employee s income. The members of the governing or any other supervisory bodies have not been granted any loan by the Company. 2. INFORMATION CONCERNING THE ACCOUNTING PROCEDURES APPLIED, GENERAL ACCOUNTING PRINCIPLES AND METHODS OF VALUATION 2.1. The inventory is valued by the purchase price. Additional purchase costs of merchandise are concentrated in separate analytical accounts. These expenses are released to costs on a monthly basis proportionately to the amount of the material consumed. It is FIFO that has been applied as a mode of keeping stock records. Activated long-term tangible assets are valued on the level of real costs. 2.2. The procedure of replacement purchase price determination of assets is based on the arithmetic mean of prices taken from expert opinions usually carried out with the help of three different methods of replacement price determination. In this accounting period, no such assets have been acquired. 2.3. Other accessory acquisition costs represent customs duties, additional charges, intermediary fees, carriage charges, etc. 2.4. Tax effective adjusting items to receivables have been charged in accordance with the law, their total sum reaching 5 083 T CZK. Furthermore, a non-tax adjusting item in the amount of 151 T CZK has been charged. See the Off Balance Sheet for further details. 2.5. Accounting depreciation and amortisation is carried out using an even depreciation method. The beginning of accounting write-offs takes place in the month following the entry. Individual accounting groups are depreciated as follows: Tax group 1 3 years Tax group 2 5 years Tax group 3 10 years Tax group 4 20 years Tax group 5 30 years Tax group 6 50 years The second and third tax groups are depreciated in an accelerated or even mode, depending on the assets type. The first, fourth, fifth and sixth tax groups are depreciated evenly. As far as the deposited assets are concerned, the original depreciation method has been used further on. 2.6. For the conversion of foreign currencies, a valid CNB rate is used on the date of performing the accounting operation. The record keeping of foreign invoices is performed on the day when the invoice was issued. The payment is considered to be the date when the sum was debited. 11
3. ADDITIONAL INFORMATION REGARDING THE BALANCE SHEET AND THE PROFIT AND LOSS STATEMENT 3.1. TANGIBLE AND INTANGIBLE FIXED ASSETS 3.1.a. Fixed assets depreciated in the groups as to 31 March 2016 Account 022 Account 082 T CZK T CZK Group 3 Machinery 5 044 2 857 Group 4 Appliances 53 246 38 355 Group 5 Equipment 31 276 28 177 Group 6 Means of transport 88 633 55 313 Group 7 Inventory 909 909 179 108 125 611 Low-value long-term assets (acquisition costs less than 40,000 CZK) acquired before 2002 11 832 11 832 Total 190 940 137 443 Software Account 013 Account 073 T CZK T CZK Status as per 1 April 2015 10 111 8 175 Status as per 31 March 2016 10 301 9 022 Low-value long-term assets (acquisition costs less than 60,000 CZK) acquired before 2002 114 114 Total 10 415 9 136 3.1.b. Tangible long-term assets acquired through financial leasing The total amount of leasing instalments due: 451 T CZK 3.1.c. Increments and decrements of fixed and intangible assets for the fiscal year 2015 (except for low-value fixed assets and low-value intangible assets) in T CZK Account Initial status Increment Decrement Final status 013/10 10 111 190 0 10 301 021/10 98 299 65 0 98 364 022/10 178 158 8 213 7 263 179 108 031/10 58 976 0 0 58 976 032/10 376 0 0 376 Celkem 345 920 8 468 7 263 347 125 3.1.d. 3.1.e. The sum of assets not included in the Balance Sheet Low-value assets kept in the operational records at the purchase price: Breakdown of assets burdened with lien As per 31 March 2016, the Company does not have any assets burdened with lien. 42 949 T CZK 3.2. Receivables 3.2.a. Total overdue receivables: 16 570 T CZK Up to 30 days: 10 434 T CZK Up to 90 days: 2 298 T CZK Over 90 days: 3 838 T CZK 3.2.b. 3.2.c. 3.2.d. Long-term receivables Long-term trade receivables included in the Balance Sheet are comprised of retention sums of payments based on contractual stipulations. The sum of receivables in the amount of 51 894 T CZK from consortium members consists of the claims made upon the consortium members participating in those consortiums of which we are members, primarily in regard of the distribution of net income. Collaterals and bills of exchange received and issued are recorded in the Off Balance Sheet. 3.3. Equity 3..a. Company s equity as of 31 March 2016 969 464 T CZK 12
3.3.b 3.3.c. The distribution of profit made in the previous accounting period The profit made in the accounting period 2014 in the amount of 129 887 T CZK was carried forward to the account of retained earnings from previous years. The General Meeting decided about paying dividends out of the account of retained earnings from previous years in the total amount of 80 000 T CZK. Registered capital The amount of the registered capital is 205 Mio CZK. The registered capital consists of 204 shares in the par value of 1 000 000 CZK each and 2 shares in the par value of 500 000 CZK each. 3.4. Trade Payables (in thousands CZK) 3.4.a. Total overdue payables: 15 998 T CZK Up to 30 days: 7 355 T CZK Up to 90 days: 4 987 T CZK Over 90 days: 3 656 T CZK Of which dubious payables 7 340 T CZK 3.4.b. Out of which payables to the companies within the group: 0 CZK 3.4.c. The Company does not have any payables covered by lien. 3.4.d. The Company does not have any payables not shown in the bookkeeping as per 31 March 2016. 3.4.e. Long-term trade payables included in the Balance Sheet consist of retention sums of payments based on contractual stipulations. 3.4.1. Payables to employees Payables of wages/salaries in March Other payables to employees Total 15 696 T CZK 540 T CZK 16 236 T CZK 3.5. Provisions 3.5.a. The company did not create any provision for the repairs of tangible fixed assets. 3.6. Company revenues divided according to main activities: Activity Amount in thousands CZK Transport 534 Laboratories, research and development 10 714 Mechanisation 554 Repair shops 143 Civil engineering 3 465 159 Auxiliary civil engineering 49 312 Roads and bridges 467 978 Facility management 2 657 Company management 54 901 Water management structures 1 386 405 Total 5 438 357 The production includes revenues from the sales of the Company s products and services, revenues from the sales of its assets and materials, other operating revenues, and the revenues from the Company s financial activities. 13
4. ESTIMATED RECEIVABLES The sum of the estimated items in the amount of 22 486 T CZK consists of estimated items based on so far non-disclosed insurance claims and unbilled services. 5. ESTIMATED PAYABLES The sum of the estimated items in the amount of 1 160 666 T CZK consists of estimated items based on unbilled supplies provided by subcontractors. 6. RECEIVABLES FROM AND PAYABLES TO THE STATE State tax obligations and subsidies Employment tax Income tax Total State tax receivables and subsidies VAT Total 1 400 T CZK 6 180 T CZK 7 580 T CZK 17 272 T CZK 17 272 T CZK The calculation of the deferred tax liability consists of the difference between the tax and net book value, and it amounts to 4 528 T CZK. A report entitled Report on the relations between related parties as per 31 March 2016 has been prepared. The report is kept on file in the Company s head office. No significant or substantial change occurred before the preparation of the financial statement. 14
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IMOS Brno, a.s. Olomoucká 704/174 Černovice, 627 00 Brno Tel.: +420 548 129 111 +420 532 173 111 Fax: +420 548 129 390 +420 532 173 390 imos@imosbrno.eu www.imosbrno.eu