TOPLIVO AD
CONSOLIDATED BALANCE SHEET
AS OF 31 DECEMBER 2014 г.
(Amounts are quoted in thousands BGN)
Notes
As of 31 December
2014г.
2013г.
ASSETS
Non-current assets
Property, facilities and equipment (PFE)
Investment property
Intangible fixed assets (IFA)
Investments in subsidiaries and jointly controlled
Entities
Loans to associates
27
26
2,885
92,850
7
3,329
99,754
Current assets
Inventories
Trade and other receivables
Cash and cash equivalents
8
10
11
47,588
28,131
3,888
79,607
53.126
25,891
3,918
82,935
172,457
182,689
12
13
14
5,417
10,943
20,194
78,354
114,908
5,417
10,943
24,088
74,478
114,926
26
16
28
2,030
4,119
306
6,455
4,286
278
4,564
17
12,522
264
38,308
51,094
17,816
45,383
63,199
172,457
182,689
5
6
7
Total assets
EQUITY AND LIABILITIES
Equity and reserves
Fixed capital
Share premium and statutory reserves
Revaluation reserve
Retained profit and other reserves
Non-current liabilities
Loans from associates
Deferred taxes
Retirement and allowances provision
Current liabilities
Trade and other liabilities
Corporate tax liabilities
Loans
15
Total equity and liabilities
65,304
24,618
43
74,456
21,926
36
The financial statements on pages 6-54 have been approved on 22 April 2015 and signed, respectively, by:
Sign. ill.
Sign. ill.
Shtiliyan Stoyanov
Executive Director
Lyudmila Stamova
Financial Director
1
Round stamp: TOPLIVO AD * Sofia
Certified according to the auditor's report:
Sign. ill.
Boryana Dimova
Certified auditor
Sign. ill.
Tsvetana Tsankova
Pricewaterhouse Coopers Audit OOD
Oval stamp: Specialized Auditing Undertaking *
Pricewaterhouse Coopers Audit OOD * Sofia Reg.
No. 085*
The notes on pages 10 to 54 are an integral part hereof.
TOPLIVO AD
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
AS OF 31 DECEMBER 2014 г.
(Amounts are quoted in thousands BGN)
Notes
For the year ending on
31 December
2014г.
2013г.
4
4,6
4
233,588
1 ,547
1,227
265.534
1,549
1,231
Book-value of sold goods
(219,363)
(249,309)
Costs for materials
Costs for external services
Costs for staff
Depreciation of property, PFE and intangible assets
Profit on sale of PFE, IFA and investment property
Change in the fair value of investment property
Other operating (costs) / income, net
Operating profit/loss
(1,654)
(5,044)
(6,769)
(3,828)
4,910
404
(2,973)
2,045
Revenue from the sale of goods
Income from renting
Income from services rendered
Financial income
Financial costs
Net financial costs
18
19
5,7
6
20
22
22
327
(2,285)
(1,958)
Share of the loss of a jointly controlled
enterprise
(1,737)
(4,241)
(6,693)
(3,971)
954
218
(3.043)
492
539
(2,589)
(2,050)
(7)
Profit/(loss) before taxation
80
2
(1,558)
Tax credit
23
Net loss
Other comprehensive income
Profit on revaluation, net of taxes, that connot be
reclassified to either profit or loss
Total comprehensive income
(98)
(18)
(1,540)
-
-
5,14
Loss per share (BGN per share)
24
18
(18)
(1,540)
0.00
(0.28)
The financial statements on page 6-54 have been approved on 22 April 2015 and signed,
respectively, by:
Sign. Ill.
Sign. ill.
Shtiliyan Stoyanov
Executive Director
Lyudmila Stamova
Financial Director
Round stamp: TOPLIVO AD * Sofia
Certified according to the auditor's report:
Sign. ill.
Boryana Dimova
Certified auditor
Sign. ill.
Tsvetana Tsankova
Pricewaterhouse Coopers Audit OOD
Oval stamp: Specialized Auditing Undertaking *
Pricewaterhouse Coopers Audit OOD * Sofia Reg.
No. 085*
The notes on pages 10 to 54 are an integral part hereof.
3
TOPLIVO AD
CONSOLIDATED STATEMENT OF CHANGS IN EQUITY
AS OF 31 DECEMBER 2014 г.
(Amounts are quoted in
thousands BGN)
Notes
2013г.
1 January 2013г.
Loss
Other comprehensive
income:
Revaluation reserve writeoff, net of taxes that connot 14
be reclassified to either
profit or loss
Total other
comprehensive income
Total comprehensive income
31 December 2013г.
2014г.
1 January 2014г.
Loss
Other comprehensive
income:
Revaluation reserve writeoff, net of taxes that connot 14
be reclassified to either
profit or loss
Total other
comprehensive income
Total comprehensive income
31 December 2014г.
Fixed
capital
Premium Statutory Revaluation Retained Total
reserve
reserve
reserve
profit
5,417
9,570
1,373
28,125
-
-
-
-
-
-
-
(4,037)
4,037
-
-
-
(4,037)
(4,037)
4,037
2,497
(1,540)
5,417
9,570
1,373
24,088
74,478
114,926
5,417
9,570
1,373
24,088
-
-
-
-
74,478
(18)
114,926
(18)
-
-
-
(3,894)
3,894
-
-
-
-
(3,894)
(3,894)
3,894
3,876
(18)
9,570
1,373
78,354
114,908
5,417
20,194
71,981 116,466
(1,540) (1,540)
The financial statements on page 6-54 have been approved on 22 April 2015 and signed,
respectively, by:
Sign. Ill.
Sign. ill.
Shtiliyan Stoyanov
Executive Director
Lyudmila Stamova
Financial Director
Round stamp: TOPLIVO AD * Sofia
4
-
Certified according to the auditor's report:
Sign. ill.
Boryana Dimova
Certified auditor
Sign. ill.
Tsvetana Tsankova
Pricewaterhouse Coopers Audit OOD
Oval stamp: Specialized Auditing Undertaking *
Pricewaterhouse Coopers Audit OOD * Sofia Reg.
No. 085*
The notes on pages 10 to 54 are an integral part of this Financial Statement.
TOPLIVO AD
CONSOLIDATED CASH FLOW STATEMENT
AS OF 31 DECEMBER 2014 г.
(Amounts are quoted in thousands BGN)
Notes
For the year ending on
31 December
2014г.
2013г.
Cash flows from operating activity
Cash flow generated (used in) by the operating
activities
25
Bank fees paid
Net operating cash flow
Cash flow from investing activity
Payments for the acquisition of fixed tangible assets
and fixed intangible assets
Proceeds from the sale of fixed tangible assets and
fixed intangible assets
Granted to Rama Petroleum
Loan paid by Rama Petroleum
Interest received from Rama Petroleum
Net cash flow from investing activity
Cash flows from financing activity
Loans received from Sinergon Holding AD
Loans paid to Sinergon Holding AD
Interest paid to Sinergon Holding AD
Interest paid to banks
Net cash flows from financing activity
Decrease in cash and cash equivalents
Exchange rate differences resulting from cash and
cash equivalents
5
(2,438)
(346)
(2,784)
11,366
(525)
10,841
(1,310)
(2,247)
10,749
478
152
10,069
2,745
(3,994)
(3,496)
2,532
(2,712)
(113)
(2,166)
(2,459)
2,410
(200)
(48)
(2,441)
(279)
4,826
7,066
10
6
Cash and cash equivalents:
Cash at the beginning of the period
At the end of the period
11
11
(39,190)
(34,354)
(46,262)
(39,190)
The financial statements on page 6-54 have been approved on 22 April 2015 and signed,
respectively, by:
Sign. Ill.
Sign. ill.
Shtiliyan Stoyanov
Executive Director
Lyudmila Stamova
Financial Director
Round stamp: TOPLIVO AD * Sofia
Certified according to the auditor's report:
Sign. ill.
Boryana Dimova
Certified auditor
Sign. ill.
Tsvetana Tsankova
Pricewaterhouse Coopers Audit OOD
Oval stamp: Specialized Auditing Undertaking *
Pricewaterhouse Coopers Audit OOD * Sofia Reg.
No. 085*
The notes on pages 10 to 54 are an integral part of this Financial Statement.
6