2008
ALUBUILD SRL --------------------------------------------------------------------------------------- 3 SCG DOO --------------------------------------------------------------------------------------- 8 SRL----------------------------------------------------------------------------------------------13 UKR---------------------------------------------------------------------------------------------18 STEELMET SA A.M 831757874U------------------------------------------------------------------23 STEELMET SA A.M 115252741U------------------------------------------------------------------28.. -----------------------------------------------------------------------------------------33 MOPPETS LTD----------------------------------------------------------------------------------------38 QUANTUM S.A.---------------------------------------------------------------------------------------43 AL AMAR S.A. ----------------------------------------------------------------------------------------48
ALUBUILD SRL 31 2008
ALUBUILD SRL 31/12/2008 31/12/2008 ASSETS Non-current assets Property, plant and equipment 123.639 Intangible assets 10.223 Other long-term receivables 12.720 Total non-current assets 146.582 Current assets Inventories 1.060.490 Commercial and Other receivables 2.698.080 Available-for-sale financial assets 14.593 Cash and cash equivalents 55.744 Total current assets 3.828.907 Total assets 3.975.488 EQUITY Equity atributable to Parent Company's shareholders Share capital 10.000 Other reserves 73 Retained earnings -305.237 Total -295.163 Minority interests Total equity -295.163 LIABILITIES Long-term liabilities Employee benefit liabilities 17.066 Total long-term liabilities 17.066 Short-term liabilities Suppliers and other liabilities 3.623.936 Loans 629.651 Total short-term liabilities 4.253.586 Total liabilities 4.270.652 Total Equity and Liabilities 3.975.488
ALUBUILD SRL 31/12/2008 12months 31/12/2008 Revenue 2.690.817 Cost of sales (2.177.477) Gross profit 513.341 Selling and distribution expenses (461.686) Administrative expenses (363.656) Other operating income / (expenses) -net 163.547 Operating results (148.454) Financial expenses net (48.780) Profits before taxes (197.234) Income tax (5.239) Profit of the period from continuing operations (202.473)
ALUBUILD SRL 31/12/2008 Share capital Fair value reserve Other reserves Retained earnings Foreign exchange differences due to consolidation of foreign subsidiaries Total COMPANY Balance at 1 January 2007 10.000 - - -508.059 - -498.059 Net profit / (loss) of the period (217.031) - (217.031) Total recognised profit / (loss) of the period - - - (217.031) - (217.031) Issue of share capital / (reduction) 29 351.971 352.000 - - 29 351.971-352.000 Balance at 31 December 2007 10.000-29 (373.119) - (363.090) Application of IAS 32 & 39 - - - - - - Balance at 1 January 2008 10.000-29 -373.119 - -363.090 Profit / (loss) recognised directly in equity - - - - - - Net profit / (loss) of the period - - - (202.473) - (202.473) Total recognised profit / (loss) of the period - - - (202.473) - (202.473) Issue of share capital / (reduction) - - 44 270.356-270.400 - - 44 270.356-270.400 Balance at 31 December 2008 10.000-73 (305.237) - (295.163)
ALUBUILD SRL 31/12/2008 1/1 to 31/12/2008 Cash flows from operating activities Cash flows from operating activities (156.346) Interest paid (57.834) Income tax paid (10.242) Net cash flows from operating activities -224.422 Cash flows from investing activities Acquisition of property, plant and equipment (32.693) Acquisition of intangible assets (2.738) Sale of of property, plant and equipment 20.319 Acquisition of available-for-sale financial assets (43.259) Sale of available-for-sale financial assets 73.027 Net cash flows from investing activities 14.656 Cash flows from financing activities Changes in financial leasing liabilities (7.248) Other (as provided below) 270.400 Net cash flows from financing activities 263.152 Net (decrease) / increase in cash on hand and equivalent cash accounts 53.387 Cash on hand at the beginning of the period 2.357 Foreign exchange differences in cash on hand Cash on hand at the end of the period 55.744
SCG DOO 31 2008
SCG DOO 31/12/2008 ASSETS Non-current assets 31/12/2008 Property, plant and equipment 286.884 Intangible assets 4.402 Total non-current assets 291.286 Current assets Inventories 1.349.439 Commercial and Other receivables 2.729.882 Cash and cash equivalents 254.964 Total current assets 4.334.286 Total assets 4.625.572 EQUITY Equity atributable to Parent Company's shareholders Share capital 597.532 Foreign exchange differences due to consolidation of foreign subsidiaries -85.782 Retained earnings -213.301 Total 298.449 Minority interests Total equity 298.449 LIABILITIES Long-term liabilities Deferred tax liabilities 1.123 Total long-term liabilities 1.123 Short-term liabilities Suppliers and other liabilities 4.326.000 Total short-term liabilities 4.326.000 Total liabilities 4.327.123 Total Equity and Liabilities 4.625.572
SCG DOO 31/12/2008 12months 31/12/2008 Revenue 5.494.948 Cost of sales (4.640.300) Gross profit 854.648 Selling and distribution expenses (505.865) Administrative expenses (78.268) Other operating income / (expenses) -net (502.899) Operating results (232.384) Financial expenses net 2.753 Profits before taxes (229.631) Income tax (1.059) Profit of the period from continuing operations (230.690)
SCG DOO 31/12/2008 Share capital Fair value reserve Other reserves Retained earnings Foreign exchange differences due to consolidation of foreign subsidiaries Total Balance at 1 January 2007 597.532 - - -10.612-586.919 Profit / (loss) recognised directly in equity - - - - -36.448 (36.448) Net profit / (loss) of the period - - - 28.001-28.001 Total recognised profit / (loss) of the period - - - 28.001 (36.448) (8.447) Balance at 31 December 2007 597.532 - - 17.389 (36.448) 578.472 Application of IAS 32 & 39 - - - - - - Balance at 1 January 2008 597.532 - - 17.389-36.448 578.472 Net profit / (loss) of the period - - - (230.689) -49.334 (280.023) Total recognised profit / (loss) of the period - - - (230.689) (49.334) (280.023) Balance at 31 December 2008 597.532 - - (213.301) (85.782) 298.449
SCG DOO 31/12/2008 31/12/2008 Cash flows from operating activities Profits before tax (229.630,75) Depreciation 7.597,66 Interest charges 49,48 (Income) interest (2.802,01) Increase/(decrease) in stocks (268.103,03) Increase/(decrease) in receivables (663.095,42) Increase/(decrease) in liabilities 1.284.153,42 Other (please clarify) (49.334,39) Income tax paid (1.058,58) Interest paid (49,48) Net cash generated from operating activities 77.726,90 Cash flows from investing activities Purchase of property, plant and equipment (PPE) (94.068,76) Purchase of intangible assets (3.245,25) Interest received 2.802,01 Net cash generated from investing activities (94.512,00) Cash flows from financing activities Net cash generated from financing activities - Net decrease or raise in cash and cash equivalents (16.785,10) Cash and cash equivalents at beginning of the period 271.749,51 Cash and cash equivalents at end of the period 254.964,41
SRL 31 2008 \ SRL
31/12/2008 31/12/2008 ASSETS Non-current assets Property, plant and equipment 71.993 Intangible assets 7.588 Total non-current assets 79.581 Current assets Inventories 927.489 Commercial and Other receivables 679.845 Cash and cash equivalents 24.593 Total current assets 1.631.927 Total assets 1.711.508 EQUITY Equity atributable to Parent Company's shareholders Share capital 595.000 Foreign exchange differences due to consolidation of foreign subsidiaries 149.335 Other reserves -74.700 Retained earnings -1.055.516 Total -385.881 Minority interests Total equity -385.881 LIABILITIES Long-term liabilities Total long-term liabilities - Short-term liabilities Suppliers and other liabilities 1.585.984 Loans 511.406 Total short-term liabilities 2.097.390 Total liabilities 2.097.390 Total Equity and Liabilities 1.711.509
SRL 31/12/2008 12months 31/12/2008 Revenue 1.159.311 Cost of sales (949.142) Gross profit 210.169 Selling and distribution expenses (150.259) Administrative expenses (368.489) Other operating income / (expenses) -net (56.666) Operating results (365.245) Financial expenses net (233.230) Income from dividends - Share of profit / (loss) from associates - Profits before taxes (598.475) Income tax - Profit of the period from continuing operations (598.475)
SRL 31/12/2008 Fair value reserve Foreign exchange differences due to consolidation of foreign subsidiaries Share capital Other reserves Retained earnings Total Balance at 1 January 2007 25.000 - -5.779-212.424 - -193.203 Net profit / (loss) of the period - - - (251.101) - (251.101) Total recognised profit / (loss) of the period - - - (251.101) - (251.101) Employee share options Issue of share capital / (reduction) 420.000 - - - - 420.000 Other (please name) - - (17.361) 6.484 - (10.877) 420.000 - (17.361) 6.484-409.123 Balance at 31 December 2007 445.000 - (23.140) (457.041) - (35.181) Application of IAS 32 & 39 - - - - - - Balance at 1 January 2008 445.000 - -23.140-457.041 - -35.181 Net profit / (loss) of the period - - - (598.475) - (598.475) Total recognised profit / (loss) of the period - - - (598.475) - (598.475) Employee share options Issue of share capital / (reduction) 150.000 - - - - 150.000 Other (please name) - - (51.560) - 149.335 97.775 150.000 - (51.560) - 149.335 247.775 Balance at 31 December 2008 595.000 - (74.700) (1.055.516) 149.335 (385.881)
SRL 31/12/2008 1/1 to Amounts in local currency 31/12/2008 Cash flows from operating activities Cash flows from operating activities (206.636) Interest paid (28.216) Net cash flows from operating activities -234.852 Cash flows from investing activities Acquisition of property, plant and equipment (5.963) Acquisition of intangible assets (1.251) Interest received 798 Net cash flows from investing activities (6.416) Cash flows from financing activities Issue of share capital 150.000 Net cash flows from financing activities 150.000 Net (decrease) / increase in cash on hand and equivalent cash accounts (91.268) Cash on hand at the beginning of the period 115.861 Foreign exchange differences in cash on hand Cash on hand at the end of the period 24.593
UKR 31 2008
UKR 31/12/2008 31/12/2008 ASSETS Non-current assets Property, plant and equipment 23.215 Intangible assets 665 Total non-current assets 23.881 Current assets Inventories 470.699 Commercial and Other receivables 172.014 Cash and cash equivalents 98.393 741.106 Total assets 764.986 EQUITY Equity atributable to Parent Company's shareholders Share capital 229.187 Foreign exchange differences due to consolidation of foreign subsidiaries 119.244 Retained earnings -644.501 Total -296.070 Minority interests - Total equity -296.070 LIABILITIES Long-term liabilities Total long-term liabilities - Short-term liabilities Suppliers and other liabilities 1.061.056 Total short-term liabilities 1.061.056 Total liabilities 1.061.056 Total Equity and Liabilities 764.986
UKR 31/12/2008 31/12/2008 Revenue 829.692 Cost of sales -626.347 Gross profit 203.346 Selling and distribution expenses -75.814 Administrative expenses -164.475 Other operating income / (expenses) -net -364 Operating results -37.307 Financial expenses net -588.641 Interest and related income 143.048 Profits before taxes -482.900 Income tax - Profit of the period from continuing operations -482.900
UKR 31/12/2008 Fair value reserve Foreign exchange differences due to consolidation of foreign subsidiaries Share capital Other reserves Retained earnings Total Balance at 1 January 2007 113.895 - - -120.392 12.634 6.137 Net profit / (loss) of the period - - - (41.209) -11.080 (52.289) Total recognised profit / (loss) of the period - - - (41.209) (11.080) (52.289) Employee share options Transfer of reserves 115.292 - - - - 115.292 115.292 - - - - 115.292 Balance at 31 December 2007 229.187 - - (161.602) 1.554 69.140 Balance at 1 January 2008 229.187 - - -161.602 1.554 69.140 Net profit / (loss) of the period - - - (482.900) 117.690 (365.210) Total recognised profit / (loss) of the period - - - (482.900) 117.690 (365.210) Balance at 31 December 2008 229.187 - - (644.501) 119.244 (296.070)
UKR 31/12/2008 Cash flows from operating activities 1/1 to 31/12/2008 Cash flows from operating activities 88.136 Net cash flows from operating activities 88.136 Cash flows from investing activities Acquisition of property, plant and equipment -18.875 Acquisition of intangible assets -118 Net cash flows from investing activities (18.993) Cash flows from financing activities Net cash flows from financing activities - Net (decrease) / increase in cash on hand and equivalent cash accounts 69.144 Cash on hand at the beginning of the period 29.249 Cash on hand at the end of the period 98.393
STEELMET SA A.M 831757874U 31 2008
STEELMET SA A.M 831757874U 31/12/2008 31/12/2008 ASSETS Non-current assets Property, plant and equipment 145.799 Investments in associates 504.078 Investments in subsidiaries 450.001 Total non-current assets 1.099.877 Current assets Commercial and Other receivables 409 Cash and cash equivalents 356.047 Total current assets 356.456 Total assets 1.456.333 EQUITY Equity atributable to Parent Company's shareholders Share capital 175.565 Other reserves 361.730 Retained earnings 748.573 Total 1.285.868 Minority interests Total equity 1.285.868 LIABILITIES Long-term liabilities Total long-term liabilities - Short-term liabilities Suppliers and other liabilities 170.466 Total short-term liabilities 170.466 Total liabilities 170.466 Total Equity and Liabilities 1.456.334
STEELMET SA A.M 831757874U 31/12/2008 12months 31/12/2008 Revenue - Cost of sales - Gross profit - Selling and distribution expenses - Administrative expenses (1.677) Other operating income / (expenses) -net (100) Operating results (1.777) Financial expenses net 32 Income from dividends - Share of profit / (loss) from associates - Profits before taxes (1.745) Income tax - Profit of the period from continuing operations (1.745)
STEELMET SA A.M 831757874U 31/12/2008 Balance at 1 January 2007 175.565-361.730 382.903-920.197 Net profit / (loss) of the period - - - 367.429-367.429 Total recognised profit / (loss) of the period - - - 367.429-367.429 Balance at 31 December 2007 175.565-361.730 750.332-1.287.626 Application of IAS 32 & 39 - - - - - - Balance at 1 January 2008 175.565-361.730 750.332-1.287.626 Net profit / (loss) of the period - - - (1.745) - (1.745) Total recognised profit / (loss) of the period - - - (1.745) - (1.745) Other (please name) - - - (13) - (13) - - - (13) - (13) Balance at 31 December 2008 175.565-361.730 748.573-1.285.868
STEELMET SA A.M 831757874U 31/12/2008 1/1 to 31/12/2008 Cash flows from operating activities Cash flows from operating activities (51.273) Interest paid (83) Net cash flows from operating activities -51.356 Cash flows from investing activities Acquisition of property, plant and equipment 50.303 Interest received 115 Net cash flows from investing activities 50.418 Cash flows from financing activities Net cash flows from financing activities - Net (decrease) / increase in cash on hand and equivalent cash accounts (937) Cash on hand at the beginning of the period 356.984 Cash on hand at the end of the period 356.047
STEELMET SA A.M 115252741U 31 2008
STEELMET SA A.M 115252741U 31/12/2008 ASSETS Non-current assets 31/12/2008 Property, plant and equipment 33.996.930 Intangible assets 621.509 Investment property 3.189.149 Total non-current assets 37.807.587 Current assets Inventories 26.817.878 Commercial and Other receivables 19.472.572 Cash and cash equivalents 437.556 Total current assets 46.728.006 Total assets 84.535.593 EQUITY Equity atributable to Parent Company's shareholders Share capital 18.496.705 Other reserves 1.636.582 Retained earnings 16.246.047 Total 36.379.334 Minority interests Total equity 36.379.334 LIABILITIES Long-term liabilities Loans 3.464.147 Deferred tax liabilities 500.191 Employee benefit liabilities 45.876 Government grands 1.171.285 Total long-term liabilities 5.181.499 Short-term liabilities Suppliers and other liabilities 14.774.249 Loans 27.611.883 Liabilities from financial leasing activities 4.150 Derivatives 294.937 Provisions 289.541 Total short-term liabilities 42.974.760 Total liabilities 48.156.259 Total Equity and Liabilities 84.535.593
STEELMET SA A.M 115252741U 31/12/2008 12months Amounts in local currency 31/12/2008 Revenue 79.110.768 Cost of sales (67.188.630) Gross profit 11.922.138 Selling and distribution expenses (5.950.925) Administrative expenses (1.237.490) Other operating income / (expenses) -net 739.610 Operating results 5.473.333 Financial expenses net (1.447.828) Profits before taxes 4.025.505 Income tax (406.357) Profit of the period from continuing operations 3.619.148
STEELMET SA A.M 115252741U 31/12/2008 Balance at 1 January 2007 18.496.705-792.718 11.469.866-30.759.289 Profit / (loss) recognised directly in equity - - (72.973) (102.401) - (175.374) Net profit / (loss) of the period - - - 5.922.845-5.922.845 Total recognised profit / (loss) of the period - - (72.973) 5.820.444-5.747.471 Transfer of reserves - - 544.424 (589.960) - (45.536) Dividend - - - (3.500.000) - (3.500.000) - - 544.424 (4.089.960) - (3.545.536) Balance at 31 December 2007 18.496.705-1.264.169 13.200.350-32.961.224 Application of IAS 32 & 39 - - - - - - Balance at 1 January 2008 18.496.705-1.264.169 13.200.350-32.961.224 Profit / (loss) recognised directly in equity - - (221.964) 20.926 - (201.038) Net profit / (loss) of the period - - - 3.619.148-3.619.148 Total recognised profit / (loss) of the period - - (221.964) 3.640.074-3.418.110 Transfer of reserves - - 594.377 (594.377) - - - - 594.377 (594.377) - - Balance at 31 December 2008 18.496.705-1.636.582 16.246.047-36.379.334
STEELMET SA A.M 115252741U 31/12/2008 1/1 to 31/12/2008 Cash flows from operating activities Cash flows from operating activities 7.344.538 Interest paid (1.541.971) Income tax paid 634.571 Net cash flows from operating activities 6.437.138 Cash flows from investing activities Acquisition of property, plant and equipment (10.842.206) Acquisition of intangible assets (647.532) Sale of of property, plant and equipment 100.872 Interest received 94.143 Net cash flows from investing activities (11.294.723) Cash flows from financing activities Proceeds from Loans 39.760.678 Repayment of Loans (34.960.546) Changes in financial leasing liabilities (9.132) Net cash flows from financing activities 4.791.000 Net (decrease) / increase in cash on hand and equivalent cash accounts (66.585) Cash on hand at the beginning of the period 504.141 Cash on hand at the end of the period 437.556
.. 31 2008
.. 31/12/2008 31/12/2008 15.358.824 59.503 15.418.327 517.641 208.370 172.062 898.073 16.316.400 3.673.035 1.958.236 50.835 / ( ) 8.035.622 13.717.728-13.717.728 1.756.634 95.675 1.852.309 544.283 202.082 746.365 2.598.674 16.316.400
.. 31/12/2008 12 31/12/2008 1.384.747-1.686.767-302.020 - -24.738 / ( ) ( ) -6.842-333.600 - - - / -333.600 - -333.600
.. 31/12/2008 0 0 0 0 0 0 31 2007 103.312-50.835-156.083 - -1.936 / ( ) - - - - - - 32 & 39 - - - - - - 1 2008 103.312-50.835-156.083 - -1.936 / ( ) - - - - - - / ( ) - - - - - - - - - - - - 31 2008 103.312-50.835-156.083 - -1.936 / ( ) -333.600-333.600 / ( ) - - - - - - - - -333.600 - -333.600 / ( ) 5.527.959 - - - - 5.527.959 ( ) / - - - - - - - - 8.525.305-8.525.305 - - - - - - 5.527.959 - - 8.525.305-14.053.264 - - 31 2008 5.631.271-50.835 8.035.622-13.717.728
.. 31/12/2008 1/1 31/12/2008-333.600 329.338 / ( ) -200.161 ( ) / ( ) 499.979 / ( ) 4.644 300.200 & -2.359.788 3.251-2.356.537 2.200.080 2.200.080 ( )/ 143.743 28.319 172.062
MOPPETS LTD 31 2008
MOPPETS LTD 31/12/2008 31/12/2008-2.184.613 939.903 3.124.516 3.124.516 18.810 2.944.154 / ( ) 78.657 3.041.621-3.041.621-102.854-19.959 82.895 82.895 3.124.516
MOPPETS LTD 31/12/2008 31 2008 283.923-283.923 - -213.094 / ( ) ( ) - 70.829,00 19.116, -1.808 - / - / - 88.137-9.795 78.342,00
MOPPETS LTD 31/12/2008 & 1 2008 3.017.000,00 - - 81.818,00-3.098.818,00-54.036,00 - - 53.497,00 - -539,00 / ( ) - - - - - 0,00 - - - 78.342,00-78.342,00-54.036,00 - - 131.839,00-77.803,00 - - - -135.000,00 - -135.000,00 - - - -135.000,00 - -135.000,00 31 2008 2.962.964,00 0,00 0,00 78.657,00 0,00 3.041.621,00
MOPPETS LTD 31/12/2008 31/12/2008 78.342 : 9.795 ( ) -19.116 1.808 70.829 ( )/ -16.512 / ( ) 86.385 69.873 140.702-1.808-19.903 118.991 - -51.953-51.953-135.000 ( ) 19.116-539 - -116.423 ( )/ -49.385 989.288 939.903,00
QUANTUM S.A. 31 2008
QUANTUM S.A. 31/12/2008 ASSETS Non-current assets 31/12/2008 Property, plant and equipment 74.130 Intangible assets 1.486 Total non-current assets 75.616 Current assets Inventories 965 Commercial and Other receivables 315.606 Cash and cash equivalents 239.063 Total current assets 555.634 Total assets 631.250 EQUITY Equity atributable to Parent Company's shareholders Share capital 600.001 Retained earnings -12.430 Total 587.571 Minority interests Total equity 587.571 LIABILITIES Long-term liabilities Total long-term liabilities 0 Short-term liabilities Suppliers and other liabilities 43.679 Total short-term liabilities 43.679 Total liabilities 43.679 Total Equity and Liabilities 631.250
QUANTUM S.A. 31/12/2008 12months 31/12/2008 Revenue - Cost of sales - Gross profit - Selling and distribution expenses - Administrative expenses (27.703) Other operating income / (expenses) -net (204) Operating results (27.907) Financial expenses net 15.477 Profits before taxes (12.430) Income tax - Profit of the period from continuing operations (12.430)
QUANTUM S.A. 31/12/2008 Share capital Fair value reserve Other reserves Retained earnings Foreign exchange differences due to consolidation of foreign subsidiaries Total Balance at 1 January 2007 - - - - - - Profit / (loss) recognised directly in equity - - - - - - Net profit / (loss) of the period - - - - - - Total recognised profit / (loss) of the period - - - - - - Employee share options Other (please name) 600.001 - - - - 600.001 600.001 - - - - 600.001 Balance at 31 December 2007 600.001 - - - - 600.001 Application of IAS 32 & 39 - - - - - - Balance at 1 January 2008 600.001 - - - - 600.001 Profit / (loss) recognised directly in equity - - - - - - Net profit / (loss) of the period - - - (12.430) - (12.430) Total recognised profit / (loss) of the period - - - (12.430) - (12.430) Employee share options Other (please name) - - - - - - - - - - - - Balance at 31 December 2008 600.001 - - (12.430) - 587.571
QUANTUM S.A. 31/12/2008 1/1 to 31/12/2008 Cash flows from operating activities Cash flows from operating activities (300.799) Interest paid (1.866) Net cash flows from operating activities -302.665 Cash flows from investing activities Acquisition of property, plant and equipment (74.130) Acquisition of intangible assets (1.486) Interest received 17.343 Net cash flows from investing activities (58.273) Cash flows from financing activities Net cash flows from financing activities - Net (decrease) / increase in cash on hand and equivalent cash accounts (360.938) Cash on hand at the beginning of the period 600.001 Cash on hand at the end of the period 239.063
AL AMAR S.A. 31 2008
AL AMAR S.A. 31/12/2008 31.12.2008 4.522.952 27.246 4.550.198 318.942 605.594 924.536 5.474.734 3.819.136-9.091 / ( ) -292.397 3.517.648-16.678 3.500.971-1.973.763 1.973.763 1.973.763 5.474.734
AL AMAR S.A. 31/12/2008 31.12.2008 - - - - - 166.778,90 / ( ) ( ) - - 166.778,90 - - - / - - 166.778,90 - - 166.778,90