Interim condensed separate statement of profit and loss BGN 000 BGN 000 Dividend income 115,790 91,307 Revenue from sale of goods and services 846 1,306 Revenue 116,636 92,613 Other income 21 4 Cost of materials (84) (82) Hired services expenses (3,768) (2,194) Depreciation, amortisation and impairment (126) (144) Employee expenses (2,898) (2,848) Other expenses (720) (553) Operating profit 109,061 86,796 Finance income 91,161 67,399 Finance costs (59,892) (32,568) Profit before tax 140,330 121,627 Income tax expense (2,487) (3,055) Profit for the period 137,843 118,572 BGN BGN Earnings per share 0.04 0.04 1
Interim condensed separate statement of comprehensive income BGN 000 BGN 000 Profit for the period 137,843 118,572 Other comprehensive income: Items that will not be reclassified subsequently to profit or loss: Revaluation of property, plant and equipment - (111) Income tax, relating to items that will not be reclassified into profit or loss - 11 - (100) Items t h a t will be reclassified subsequently into profit or loss: Gain / (loss) on financial available for sale (22) (8) Income tax relating to items that will be reclassified into profit or loss 2 1 (20) (7) Other comprehensive income for the period, net of tax (20) (107) Total comprehensive income for the period 137,823 118,465 2
Interim condensed separate statement of financial position ASSETS BGN 000 BGN 000 Non-current Investments in subsidiaries, associates and joint ventures 2,656,583 2,606,572 Loans granted to related parties 997,777 1,005,353 Receivables from "Toplofikatsia Sofia" EAD 473,725 473,725 Receivables from financial institutions with ongoing insolvency procedure 11,778 11,778 Property, plant and equipment 2,218 2,228 Intangible 112 108 Deferred tax 12,112 12,123 Trade and other receivables 3 6 4,154,308 4,111,893 Current Loans granted to related parties 1,509,982 509,591 Trade receivables from related parties 75,926 39,439 Trade and other receivables 629 1,315 Available-for-sale financial 708 730 Inventories 2 2 Overpaid income tax 406 - Cash and cash equivalents 262,053 137,830 1,849,706 688,907 T O T A L ASSETS 6,004,014 4,800,800 3
Interim condensed separate statement of financial position (continued) EQUITY AND LIABILITIES BGN 000 BGN 000 Equity Share capital 3,285,614 3,188,168 Other reserves 270,146 257,680 Reserve from revaluation of available-for-sale financial 315 335 Revaluation reserve of non-financial 86 86 Reserve from remeasurement of defined benefit plans (43) (43) Retained 195,634 182,455 Total equity 3,751,752 3,628,681 Non-current liabilities Debenture loan - long-term portion 2,013,028 974,137 Trade and other payables 190,078 190,078 Liabilities for retirement employee benefits 222 222 2,203,328 1,164,437 Current liabilities Loans from financial institutions - - Debenture loan - short-term portion 46,030 6,119 Trade and other payables 2,851 1,313 Related party payables 29 38 Income tax liabilities - 188 Liabilities for retirement employee benefits 24 24 48,934 7,682 Total Liabilities 2,252,262 1,172,119 TOTAL EQUITY A N D LIABILITIES 6,004,014 4,800,800 4
Interim condensed separate statement of changes in equity All amounts are presented in BGN 000 Balance as at 1 January 2016 Share capital Other reserves Reserve from revaluation of financial availablefor-sale Revaluation reserve of nonfinancial Reserve from rcmeasurement of defined benefit plans Retained Total equity 3,188,168 257,680 335 86 (43) 182,455 3,628,681 Dividend - - - - - (14,752) (14,752) Transactions with the sole owner - - - - - (14,752) (14,752) Profit for the period - - - - - 137,843 137,843 Other comprehensive Income for the period - - (20) - - - (20) Total comprehensive income for the period - - (20) - - 137,843 137,823 Capital increase at the expense of retained 97,446 - - - - (97,446) - Transfer to reserves - 12,466 - - - (12,466) - Balance as at 30 September 2016 3,285,614 270,146 315 86 (43) 195,634 3,751,752 All amounts are presented in BGN 000 Share capital Other reserves Reserve from revaluation of financial available-forsale Revaluation reserve of nonfinancial Reserve from rcmeasurement of defined benefit plans Retained Total equity Balance as at 1 January 2015 2,948,723 231,075 293 187 (66) 323,840 3,504,052 Profit for the period - - - - - 118,572 118,572 Other comprehensive Income for the period - - (7) (100) - - (107) Total comprehensive income for the period - - (7) (100) - 118,572 118,465 Capital increase at the expense of retained 239,445 - - - - (239,445) - Transfer to reserves - 26,605 - - - (26,605) - Balance as at 30 September 2015 3,188,168 257,680 286 87 (66) 176,362 3,622,517 5
Interim condensed separate statement of cash flows BGN 000 BGN 000 Cash flows from operating activities Proceeds from dividends 76,883 15,014 Payments to suppliers (6,313) (3,103) Payments to the personnel and social insurance institutions (3,070) (2,619) Proceeds from related parties, net 940 1,034 Payments for loans granted to subsidiaries (1,160,210) (35,000) Proceeds from loans granted to subsidiaries 187,412 88,469 Proceeds from interest from loans granted to related parties 11,395 10,188 Proceeds from 'Toplofikatsia Sofia" EAD 12,199 28,595 Proceeds from customers 13 15 Net cash flows from main activities (880,751) 102,593 Proceeds from interest on current and deposit accounts 65 200 Payments of interest, fees and commissions (6) (10) Exchange rates (loses) / gains, net (16) 17 Income tax paid (2,938) (2,284) Payments for other taxes (90) (171) Proceeds from other taxes 24 - Net cash flows from operating activities (883,712) 100,345 Cash flows from investing activities Acquisition / proceeds from long-term investments, net (460) (11,433) Payments for acquisition of non-current (45) (27) Net cash flows from investing activities (505) (11,460) Cash flows from financing activities Proceeds from loans from financial institutions 1,020,200 - Payments of loans from financial institutions (1,043,753) - Interest paid on loans received from related parties (8,749) - Proceeds from bond issue 1,055,494 - Dividend paid (14,752) - Interest paid on loans from related parties - (510) Proceeds from transactions with financial instruments - 19 Net cash flows from financing activities 1,008,440 (491) Net change in the cash and cash equivalents 124,223 88,394 Cash and cash equivalents as at the beginning of the period 137,830 55,824 Cash and cash equivalents as at the end of the period 262,053 144,218 6