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 This document and disclosures provided in it contain general information only and
the application of this template in specific cases will depend on specific circumstances.
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losses sustained by any person as a result of placing reliance on the information
presented in this document;
 This version is minimal and may need to be expanded by other relevant disclosures as
and when required;
 This notes template includes only the most frequent types of information relevant for
ordinary business entities. However, this template does not contain some of the less
frequent types of information which are explicitly required by the Regulation. Please
use the relevant checklist to review note disclosures for completeness;
 If the relevant disclosure section is not relevant for the Company, no comments need
to be provided on this matter (eg, the Company has no pledged assets) and the
relevant section can be deleted;
 Text in bold + italics represents instructions;
 Slashes represent multiple options;
 Dots in the text represent space for filling in information;
 Most of the tables are linked to financial statements, ie it is necessary to check
whether data from the table agrees with the financial statements;
 It is necessary to modify the standard wording for a limited liability company,
because the notes have been prepared primarily in respect of joint stock companies;
 If a table can be replaced with a note disclosure of the same informative value and the
note disclosure is shorter, please delete the table and use the note disclosure;
 Comment on all material and non-recurring items;
 Remember to indicate the Company’s name in the footer and to update the table of
contents; and
 If the Company used the profit and loss account structured by the function of
expense/income method (‘ucelove cleneni’), then the notes always need to include the
profit and loss account structured by the nature of expense/income method (‘druhove
cleneni’).
NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2015
Name of the Company:
Registered Office:
………………………………….
………………………………….
(State the place of business if it is different from the
Company’s registered office.)
Legal Status:
.....................................................
Corporate ID:
………………….........................
Notes to the Financial Statements for the Year Ended 31 December 2015
TABLE OF CONTENTS
1.
GENERAL INFORMATION ........................................................................................................... 3
1.1.
1.2.
1.3.
1.4.
1.5.
2.
INCORPORATION AND DESCRIPTION OF THE BUSINESS ......................................................................... 3
YEAR-ON-YEAR CHANGES AND AMENDMENTS TO THE REGISTER OF COMPANIES ............................... 3
ORGANISATIONAL STRUCTURE ............................................................................................................. 3
BOARD OF DIRECTORS AND SUPERVISORY BOARD AT THE BALANCE SHEET DATE.............................. 3
GROUP IDENTIFICATION........................................................................................................................ 3
ACCOUNTING PRINCIPLES AND POLICIES ........................................................................... 5
2.1.
2.2.
2.3.
2.4.
2.5.
2.6.
2.7.
2.8.
2.9.
2.10.
2.11.
2.12.
2.13.
2.14.
2.15.
3.
TANGIBLE AND INTANGIBLE FIXED ASSETS .......................................................................................... 5
FINANCIAL ASSETS ............................................................................................................................... 5
DERIVATIVES ........................................................................................................................................ 6
INVENTORY........................................................................................................................................... 6
RECEIVABLES ....................................................................................................................................... 6
PAYABLES............................................................................................................................................. 6
LOANS .................................................................................................................................................. 7
RESERVES ............................................................................................................................................. 7
FOREIGN CURRENCY TRANSLATION ..................................................................................................... 7
FINANCE LEASES .................................................................................................................................. 7
BORROWING COSTS .............................................................................................................................. 7
REVENUE RECOGNITION ....................................................................................................................... 7
USE OF ESTIMATES ............................................................................................................................... 7
YEAR-ON-YEAR CHANGES IN ACCOUNTING POLICIES .......................................................................... 8
CASH FLOW STATEMENT ...................................................................................................................... 8
ADDITIONAL INFORMATION ..................................................................................................... 9
3.1.
3.2.
3.3.
3.4.
3.5.
3.6.
3.7.
3.8.
3.9.
3.10.
3.11.
3.12.
3.13.
3.14.
3.15.
3.16.
3.17.
3.18.
3.19.
3.20.
3.21.
3.22.
3.23.
3.24.
3.25.
3.26.
3.27.
INTANGIBLE FIXED ASSETS (INTANGIBLE FA) ...................................................................................... 9
TANGIBLE FIXED ASSETS (TANGIBLE FA) ............................................................................................ 9
NON-CURRENT FINANCIAL ASSETS .................................................................................................... 10
INVENTORY......................................................................................................................................... 10
LONG-TERM RECEIVABLES ................................................................................................................. 10
SHORT-TERM RECEIVABLES ............................................................................................................... 10
CURRENT FINANCIAL ASSETS ............................................................................................................. 11
DEFERRED EXPENSES AND ACCRUED INCOME.................................................................................... 11
EQUITY ............................................................................................................................................... 11
RESERVES ........................................................................................................................................... 11
LONG-TERM PAYABLES ...................................................................................................................... 12
SHORT-TERM PAYABLES .................................................................................................................... 12
BANK LOANS ...................................................................................................................................... 12
ACCRUED EXPENSES AND DEFERRED INCOME.................................................................................... 12
DERIVATIVE FINANCIAL INSTRUMENTS .............................................................................................. 12
DEFERRED INCOME TAX ..................................................................................................................... 13
DUE AMOUNTS ARISING FROM SOCIAL SECURITY AND HEALTH INSURANCE CONTRIBUTIONS AND
TAX ARREARS .................................................................................................................................... 13
INCOME FROM ORDINARY ACTIVITIES ................................................................................................ 14
EMPLOYEES, MANAGEMENT AND STATUTORY BODIES ...................................................................... 14
OTHER OPERATING INCOME AND EXPENSES....................................................................................... 15
FINANCIAL INCOME AND EXPENSES.................................................................................................... 15
EXTRAORDINARY INCOME AND EXPENSES ......................................................................................... 15
RELATED PARTY TRANSACTIONS ....................................................................................................... 15
TOTAL FEE TO THE STATUTORY AUDITOR/AUDIT COMPANY ............................................................. 16
AGGREGATE RESEARCH AND DEVELOPMENT COSTS .......................................................................... 17
OFF BALANCE SHEET COMMITMENTS ................................................................................................ 17
POST BALANCE SHEET EVENTS .......................................................................................................... 17
Name of the Company pursuant to the Register of Companies
2
Notes to the Financial Statements for the Year Ended 31 December 2015
1.
GENERAL INFORMATION
1.1. Incorporation and Description of the Business
(Name of the company as indicated in the details held at the Register of Companies)
(hereinafter the “Company”) was formed by a Deed of Association/Memorandum of
Association/Founder’s Deed as a joint stock company/limited liability company on
................ and was incorporated following its registration in the Register of Companies
held by the Court in ................. on ............... The principal activities of the Company
include (Provide a list of principal activities.).
The following table shows individuals and legal entities with an equity interest greater
than 20 percent and the amount of their equity interest:
Shareholder/owner
Ownership percentage
Other
Total
100 %
(Also give details, if any, about agreements put in place between the
shareholders/owners that establish voting rights regardless of the share of the
Company’s share capital - this relates to a shareholding in companies equal to or in
excess of 20 percent.)
1.2. Year-on-Year Changes and Amendments to the Register of Companies
(Describe changes and amendments to the Register of Companies.)
1.3. Organisational Structure
(Describe the organisational structure and any significant changes in the structure
made during the previous reporting period, and include a diagram thereof if
available.)
1.4. Board of Directors and Supervisory Board at the Balance Sheet Date
Board of Directors
Supervisory Board
Position
Chairman
Vice-Chairman
Member
Name
Chairman
Vice-Chairman
Member
1.5. Group Identification
(If the Company is included in a group, please provide detailed information about the
Group).
Name of the Company pursuant to the Register of Companies
3
Notes to the Financial Statements for the Year Ended 31 December 2015
(If the Company applies the exemption from the obligation to present consolidated
financial statements, it shall disclose the business name and registered office of the
consolidating entity or consolidating foreign entity that has presented the
consolidated financial statements and information about the application of the
exemption).
Name of the Company pursuant to the Register of Companies
4
Notes to the Financial Statements for the Year Ended 31 December 2015
2.
ACCOUNTING PRINCIPLES AND POLICIES
The Company’s accounting books and records are maintained and the financial
statements were prepared in accordance with Accounting Act 563/1991 Coll., as
amended; Regulation 500/2002 Coll., which provides implementation guidance on
certain provisions of the Accounting Act for reporting entities that are businesses
maintaining double-entry accounting records, as amended; and the Czech Accounting
Standards for Businesses, as amended.
The accounting records are maintained in compliance with general accounting
principles, specifically the historical cost valuation basis (unless stated otherwise), the
accruals principle, the prudence concept, and the going concern assumption.
The Company’s financial statements have been prepared as of the balance sheet date, ie
31 December 2015, for the year ended 31 December 2015 / for the fiscal year from
DD Month 2014 to DD Month 2015. The financial statements were prepared on DD
Month 2016.
These financial statements are presented in thousands of Czech crowns (CZK ‘000),
unless stated otherwise.
2.1. Tangible and Intangible Fixed Assets
Fixed assets include assets with an estimated useful life greater than one year and an
acquisition cost greater than CZK XXX thousand in respect of tangible assets, CZK
XXX thousand in respect of start-up costs, and CZK XXX thousand in respect of other
intangible assets, on an individual basis.
Purchased tangible and intangible fixed assets are stated at cost less accumulated
depreciation and provisions, if any.
The cost of fixed asset improvements exceeding CZK XXX thousand for individual
tangible assets for the taxation period, and CZK XXX thousand for individual intangible
assets for the taxation period, increases the acquisition cost of the related fixed asset.
Depreciation is charged so as to write off the cost of tangible and intangible fixed
assets, other than land and assets under construction, over their estimated useful lives,
using the straight line / accelerated / machine-hour-rate method, on the following
basis:
Type of assets
Depreciation method
(straight line, accelerated, machine-hour-rate)
Number of years/%
2.2. Financial Assets
Financial assets with maturity or intent to hold exceeding one year are reported as noncurrent; financial assets with maturity or intent to hold up to one year are considered
current.
Name of the Company pursuant to the Register of Companies
5
Notes to the Financial Statements for the Year Ended 31 December 2015
Valuation of Financial Assets upon Acquisition
Upon acquisition, investments, securities and derivatives are stated at cost including the
share premium and indirect acquisition costs.
Valuation of Financial Assets at the Balance Sheet Date
Securities held for trading, other securities available for sale, and derivatives are stated
at fair value. If it is not possible to objectively determine the fair value, securities are
stated at cost less provisions.
Fixed yield securities held to maturity are stated at cost increased or decreased by
interest income or expense.
(If applicable) Equity investments in subsidiaries or associates are stated using the
equity method of accounting (share of equity of the owned company). Other equity
investments are stated at cost less provisions.
2.3. Derivatives
Derivatives are stated at fair value. Fair value changes are recognised as financial
expenses or income (for derivatives held for trading and derivatives hedging the fair
value of the balance sheet asset or liability) or through equity accounts (for derivatives
hedging the anticipated cash flows and derivatives hedging a net investment in foreign
operations).
2.4. Inventory
Purchased inventory is valued at acquisition cost. Acquisition costs include the purchase
cost and indirect acquisition costs such as customs fees, freight costs and storage fees,
commissions, insurance charges and discounts.
Internally developed inventory is stated at cost, including (Detail the method of
valuation, eg if the valuation is established as equal to direct costs (direct material,
direct labour costs, other direct expenses) OR as equal to internal production costs
(direct costs and overhead production) OR as equal to the internal costs of output
(internal production costs and administrative overheads, or supply overheads.)
(Disclose the policy of provisioning against inventory if the provision is material.)
2.5. Receivables
Upon origination, receivables are stated at their nominal value as subsequently reduced
by appropriate provisions. (Disclose the policy of provisioning against receivables if
the provision is material.)
2.6. Payables
Payables are stated at their nominal value.
Name of the Company pursuant to the Register of Companies
6
Notes to the Financial Statements for the Year Ended 31 December 2015
2.7. Loans
Loans are stated at their nominal value. The portion of long-term loans maturing within
one year from the balance sheet date is included in short-term loans.
2.8. Reserves
Reserves are intended to cover future risks and expenditure the nature of which is
clearly defined and which are either likely to be incurred or certain to be incurred but
uncertain as to their amount or as to the date on which they will arise.
(Indicate particular types of reserves and methods used in determining the level of
reserves, eg a reserve for pensions and similar liabilities, a reserve for legal disputes,
a reserve for restructuring costs, a reserve for anticipated warranty costs.)
2.9. Foreign Currency Translation
Transactions denominated in foreign currencies during the year are translated using the
exchange rate of the Czech National Bank / the fixed exchange rate prevailing on the
date of the transaction.
(If the Company uses a fixed exchange rate, indicate how and when it is determined
and adjusted.)
At the balance sheet date, the relevant assets and liabilities denominated in foreign
currencies are translated at the Czech National Bank’s exchange rate prevailing as of
that date.
2.10. Finance Leases
Finance lease payments are recorded to expenses. The initial lump-sum payment related
to assets acquired under finance leases is amortised and expensed over the lease period.
2.11. Borrowing Costs
(If applicable) Borrowing costs arising from loans attributable to the acquisition,
construction or production of fixed assets are added to the cost of those assets. All other
borrowing costs are recognised in the profit and loss account in the period in which they
are incurred.
2.12. Revenue Recognition
Revenues from (include the principal types of revenues) are recognised on (specify the
date of their recognition).
2.13. Use of Estimates
The presentation of the financial statements requires management to make estimates and
assumptions that affect the reported amounts of assets and liabilities at the balance sheet
date and the reported amounts of revenues and expenses during the reporting period.
Management of the Company has made these estimates and assumptions on the basis of
all relevant information available to it. Nevertheless, pursuant to the nature of estimates,
the actual results and outcome in the future may differ from these estimates.
Name of the Company pursuant to the Register of Companies
7
Notes to the Financial Statements for the Year Ended 31 December 2015
2.14. Year-on-Year Changes in Accounting Policies
As of 1 January 2015, the Company changed its accounting policy in respect of
(describe the change).
This change had the following impact on the assets, liabilities, and profit or loss:
(CZK ‘000)
Asset A
Asset B
Liability C
Liability D
Other profit or loss from prior years
2.15. Cash Flow Statement
The cash flow statement is prepared using the indirect method. Cash equivalents include
current liquid assets easily convertible into cash in an amount agreed in advance.
Cash and cash equivalents can be analysed as follows:
31 Dec 2015
(CZK ‘000)
31 Dec 2014
Cash on hand and cash in transit
Cash at bank
Overdraft balances of current accounts included in current bank loans
Cash equivalents included in current financial assets
Total cash and cash equivalents
Cash flows from operating, investment and financial activities presented in the cash
flow statement are not offset. (If this is not the case, please change accordingly.)
Name of the Company pursuant to the Register of Companies
8
Notes to the Financial Statements for the Year Ended 31 December 2015
3.
ADDITIONAL INFORMATION
(If the Company used the profit and loss account structured by the function of
expense/income method (“ucelove cleneni”), then the additional information needs to
include the profit and loss account structured by the nature of expense/income
method (“druhove cleneni”.)
(If the Company merged individual lines in the financial statements, it needs to
present the merged lines in the notes separately.)
3.1. Intangible Fixed Assets (Intangible FA)
Major additions to intangible FA include (stated at cost):
Item/type of asset
2015
(CZK ‘000)
2014
Major disposals of intangible FA include (stated at net book value upon disposal):
Item/type of asset
2015
(CZK ‘000)
2014
(If the Company accounts for a provision against an intangible FA, provide
a schedule or a description of changes.)
3.2. Tangible Fixed Assets (Tangible FA)
Major additions to tangible FA include (stated at cost):
Item/type of asset
2015
(CZK ‘000)
2014
Major disposals of tangible FA include (stated at net book value upon disposal):
Item/type of asset
2015
(CZK ‘000)
2014
(If the Company accounts for a provision against a tangible FA, provide a schedule
or a description of changes.)
(Comment on extraordinary write-offs, modification of depreciation plans, etc.)
(Include a description and accounting value of the pledged assets or real estate with a
lien.)
(If deemed material, present own assets that are not reflected on the face of the
balance sheet, such as low value assets and intangible assets.)
Name of the Company pursuant to the Register of Companies
9
Notes to the Financial Statements for the Year Ended 31 December 2015
(If deemed material, present third party assets that are reflected on the face of the
balance sheet, such as assets held under a contract to lease a business or a part
thereof.)
(If deemed material, present the aggregate lease value and the aggregate anticipated
value of lease payments.)
3.3. Non-Current Financial Assets
Equity Investments - subsidiary (controlled entity):
Company’s business name Registered office Company’s equity*
Company’s profit/loss*
(CZK ‘000)
Net book value
Total
* Figures from the unaudited financial statements for the year ended 31 December 2015
Equity Investments in Associates:
Company’s business name Registered office Company’s equity*
Company’s profit/loss*
(CZK ‘000)
Net book value
Total
* Figures from the unaudited financial statements for the year ended 31 December 2014
(Include the business entity or the name, registered office and legal status of each
entity in which the Company acts as an owner with unlimited liability.)
(State if controlling contracts or contracts for the transfer of profit have been
concluded, and which obligations arise from such contracts).
3.4. Inventory
(Comment on material balances or changes in inventory levels and provisioning
against inventory.)
(If applicable) The balances of inventory that has been pledged as collateral for
current loans were CZK XXX thousand and CZK XXX thousand as of 31 December
2015 and 31 December 2014, respectively.
3.5. Long-Term Receivables
(Comment on the nature and balances of major receivables, unless such information
is apparent from the balance sheet.)
(Disclose receivables that have maturity exceeding five years as of the balance sheet
date.)
3.6. Short-Term Receivables
(Comment on the nature and balances of major receivables, unless such information
is apparent from the balance sheet.)
Name of the Company pursuant to the Register of Companies
10
Notes to the Financial Statements for the Year Ended 31 December 2015
Receivables past their due dates amount to CZK XXX thousand and CZK
XXX thousand as of 31 December 2015 and 31 December 2014, respectively.
3.7. Current Financial Assets
(Disclose relevant information only if it provides other significant information that is
not apparent from the balance sheet.)
(Comment on significant balances or changes in the amounts of individual assets,
such as term accounts and securities. Overdraft loans with a debit balance should be
reported under “Loans”. Provide a detailed breakdown of the main components of
equity and debt securities; provide fair values in respect of securities available for sale
and held for trading. If certain debt securities are exchangeable or if financial assets
comprise similar securities, disclose these securities and indicate their amount and
the extent of rights they establish.)
(Disclose current financial assets whose title is restricted, such as pledges, blocking
for the benefit of a bank, etc.)
3.8. Deferred Expenses and Accrued Income
(Comment on material assets or changes in balances, such as the quantification and
nature of complex deferred expenses and accrued income.)
3.9. Equity
(Comment on significant increases or decreases in individual equity components,
unless such information is apparent from the statement of changes in equity.)
Gains and losses from the revaluation of assets and liabilities are composed of:
31 Dec 2015
(CZK ‘000)
31 Dec 2014
Valuation of derivatives
Change in the valuation of an equity investment accounted for using the equity
method of accounting
Change in the valuation of securities available for sale
Total
3.10. Reserves
(The structure of the table must be consistent with the relevant disclosure provided in
Note 2 Accounting Principles and Policies; this is only a draft disclosure.)
Reserves under special Reserve for pensions Income tax
legislation and similar liabilities
reserve
Other
reserves
(CZK ‘000)
Total
reserves
Balance at 31 Dec 2014
Charge for reserves
Use of reserves
Release of redundant
reserves
Balance at 31 Dec 2015
(Comment on material items or changes in the amount of individual items. Provide
a specific disclosure for reserves under special legislation, and other reserves.)
Name of the Company pursuant to the Register of Companies
11
Notes to the Financial Statements for the Year Ended 31 December 2015
3.11. Long-Term Payables
Long-term payables predominantly include (Specify material items of long-term
payables, unless such information is apparent from the balance sheet.)
The aggregate balances of long-term payables whose maturity exceeded five years were
CZK XXX thousand and CZK XXX thousand as of 31 December 2015 and
31 December 2014, respectively.
3.12. Short-Term Payables
(Comment on the nature and balances of material payables unless such information
is apparent from the balance sheet.)
Payables past their due dates amounted to CZK XXX thousand and CZK XXX thousand
as of 31 December 2015 and 2014, respectively. (Comment on the reason for the
existence of material past due payables.)
3.13. Bank Loans
Long-term bank loans include:
Bank/
creditor
Currency
Balance at
31 Dec 2015
Balance at Interest rate –
31 Dec 2014
2015
(CZK ‘000)
Form of
collateral
Total
The portions of loans referred to above, which mature within one year from the balance
sheet date, are reported under “Short-term bank loans” in the balance sheet.
Short-term bank loans and financial borrowings include:
Bank/
creditor
Currency
Balance at
31 Dec 2015
Balance at Interest rate –
31 Dec 2014
2015
(CZK ‘000)
Form of
collateral
Total
3.14. Accrued Expenses and Deferred Income
(Comment on material items of estimated payables or changes in the amount thereof.)
3.15. Derivative Financial Instruments
(For each type of derivative, please disclose the extent and substance, including the
principal conditions and circumstances that may affect the amount, timing and
certainty of future cash flows.)
Name of the Company pursuant to the Register of Companies
12
Notes to the Financial Statements for the Year Ended 31 December 2015
The positive and negative fair values of financial derivative instruments are reported
under “Other receivables” and “Other payables”, respectively.
Nominal
value
(CZK ‘000)
Fair
Changes in fair value Changes in fair value
value recorded in profit or loss
recorded in equity
FRA transactions
Options
Total derivatives held for trading
Derivatives designated as fair value hedges
Derivatives designated as cash flow hedges
Total hedging derivatives
(If applicable) The Company has derivative financial instruments that serve as an
effective hedging instrument pursuant to the Company’s risk management strategy but
cannot be accounted for as hedging instruments under Czech Accounting Standards as
they do not meet hedge accounting criteria. Therefore, such derivatives are presented as
trading derivatives in the table above.
3.16. Deferred Income Tax
The aggregate existing deferred tax asset/(liability) can be analysed as follows:
Balance at
31 Dec 2015
(CZK ‘000)
Balance at
31 Dec 2014
Accumulated depreciation and amortisation of fixed assets
Provisions against fixed assets
Revaluation of fixed assets
Valuation difference on acquired assets
Non-current financial assets
Current financial assets
Inventory
Receivables
Reserves
Payables
Derivatives
Tax losses carried forward
Total asset/(liability)
(If applicable) The asset referred to above was accounted for only to the extent to which
it can be anticipated to be recovered on the grounds of prudence:
Balance at
31 Dec 2015
(CZK ‘000)
Balance at
31 Dec 2014
Recognised asset
Unrecognised asset
Total assets
3.17. Due Amounts Arising from Social Security and Health Insurance Contributions
and Tax Arrears
(Only include past due amounts arising from social security and health insurance
contributions.)
The due amounts arising from social security contributions and contributions to the state
employment policy were CZK XXX thousand and CZK XXX thousand as of 31
December 2015 and 31 December 2014, respectively.
Name of the Company pursuant to the Register of Companies
13
Notes to the Financial Statements for the Year Ended 31 December 2015
The due amounts arising from public health insurance contributions were CZK XXX
thousand and CZK XXX thousand as of 31 December 2015 and 31 December 2014,
respectively.
The Company reports tax arrears to the local taxation authorities in the amounts of
CZK XXX thousand and CZK XXX thousand as of 31 December 2015 and 2014,
respectively.
3.18. Income from Ordinary Activities
(Present income from current operations by principal activities split between
“In-country” and “Cross-border”. This table needs to be included when the types of
services and geographical markets substantially differ. If the Company is an issuer of
registered securities, this information should always be included.)
Year ended 31 Dec 2015
InCrossTotal
country
border
(CZK ‘000)
Year ended 31 Dec 2014
InCrossTotal
country
border
Goods O
Goods P
Etc
Total sales of goods
Sales of product A
Sales of product B
Etc
Services X
Services Y
Etc
Total sales of own products and services
3.19. Employees, Management and Statutory Bodies
The following table summarises the total amount of staff costs and the number of the
Company’s employees and managers:
(CZK ‘000)
2014
Number
Total staff costs
2015
Number
Total staff costs
Staff
Managers
Total
The number of employees is based on the average recalculated headcount. The category
of “Managers” includes Management/Directors/Deputy Directors/Branch Managers.
The members of the Company’s Board of Directors, Supervisory Board and
management received the following loans and bonuses in addition to their basic salaries:
Year ended 31 December 2015
Board of
Directors
Supervisory
Board
(CZK ‘000)
Managers
Loans and borrowings provided (as of 31 Dec)
Interest rate
Guarantees provided (as of 31 Dec)
Life and pension insurance contributions
Bonuses
Directors’ fees
Use of services rendered by the Company
Cars/other movable and immovable assets also available for personal
use (amount by which the tax base of employees is increased)
Other benefits
Name of the Company pursuant to the Register of Companies
14
Notes to the Financial Statements for the Year Ended 31 December 2015
(Disclose the amount of contracted or incurred pension debts for the current or
former members of the statutory, supervisory and management bodies. Also disclose
other benefits, both in cash and in kind, provided to the shareholders, partners,
members of a cooperative, and members of statutory, supervisory, and management
bodies, including former members of such bodies, in aggregate, split separately by
category.)
3.20. Other Operating Income and Expenses
(Comment on significant items.)
3.21. Financial Income and Expenses
(Comment on significant items.)
3.22. Extraordinary Income and Expenses
(Comment on significant items.)
3.23. Related Party Transactions
(Disclose the aggregate amounts of all related party transactions.)
Income from related party transactions for the year ended 31 December 2015:
Entity
Relation to the
Company
Parent company
Fellow subsidiary
Goods
Products
Services
Financial
Other
(CZK ‘000)
Balance at
31 Dec 2015
Total
Income from related party transactions for the year ended 31 December 2014:
Entity
Relation to the
Company
Parent company
Fellow subsidiary
Goods
Products
Services
Financial
Other
(CZK ‘000)
Balance at
31 Dec 2014
Total
Expenses from related party transactions for the year ended 31 December 2015:
Entity
Relation to the
Inventory
Company
Parent company
Fellow subsidiary
Fixed
assets
Services
Financial
Other
(CZK ‘000)
Balance at
31 Dec 2015
Total
Expenses from related party transactions for the year ended 31 December 2014:
Entity
Relation to the
Inventory
Company
Parent company
Fellow subsidiary
Fixed
assets
Services
Financial
Other
(CZK ‘000)
Balance at
31 Dec 2014
Total
Name of the Company pursuant to the Register of Companies
15
Notes to the Financial Statements for the Year Ended 31 December 2015
Other significant related party transactions for the year ended 31 December 2015
(describe)
Receivables from related parties as of 31 December 2015:
Entity
Relation to the
Company
Parent company
Fellow subsidiary
Short-term trade
Other
receivables short-term
Loans
Other
(CZK ‘000)
Balance at
31 Dec 2015
Longterm
Loans
Other
(CZK ‘000)
Balance at
31 Dec 2014
Longterm
Loans
Other
(CZK ‘000)
Balance at
31 Dec 2015
Longterm
Loans
Other
(CZK ‘000)
Balance at
31 Dec 2014
Longterm
Total
Receivables from related parties as of 31 December 2014:
Entity
Relation to the
Company
Parent company
Fellow subsidiary
Short-term trade
Other
receivables short-term
Total
Payables to related parties as of 31 December 2015:
Entity
Relation to the
Company
Parent company
Fellow subsidiary
Short-term trade
Other
payables short-term
Total
Payables to related parties as of 31 December 2014:
Entity
Relation to the
Company
Parent company
Fellow subsidiary
Short-term trade
Other
payables short-term
Total
(Comment on significant transactions or balances, unless such information is
apparent from the financial statements or the tables above).
3.24. Total Fee to the Statutory Auditor/Audit Company
(If applicable) The fee to the statutory auditor for the obligatory audit of the financial
statements for the year ended 31 December 2015 amounted to CZK XXX thousand
(CZK XXX thousand as of 31 December 2014). The statutory auditor did not provide
the Company with any other services.
(If the statutory auditor provided other services to the Company, please complete the
following table.)
Year ended
31 Dec 2015
(CZK ‘000)
Year ended
31 Dec 2014
Obligatory audit of the financial statements
Other assurance services
Tax advisory
Other non-audit services
Total
Name of the Company pursuant to the Register of Companies
16
Notes to the Financial Statements for the Year Ended 31 December 2015
(The Company is not obligated to disclose this information if it has been included in
the consolidated financial statements pursuant to Part 5 of Regulation No. 500/2002
Coll., or if this information is disclosed in the notes to the consolidated financial
statements.)
3.25. Aggregate Research and Development Costs
Year ended
31 Dec 2015
(CZK ‘000)
Year ended
31 Dec 2014
Research costs
Development costs
Other
Total
(Comment on the significant items or changes in the amounts thereof. Disclose if
these costs have been capitalised or if the amount was recorded to expenses.)
3.26. Off Balance Sheet Commitments
(State the amount of other significant off-balance sheet commitments, such as:
 Security bills and other guarantees provided;
 Irrevocable payables arising from concluded contracts; and
 Potential payables arising from legal disputes and similar demands.)
3.27. Post Balance Sheet Events
(State significant post balance sheet events, such as an increase/decrease in share
capital, material investments, new loans, acquisition of an enterprise, and natural
disasters. Describe the nature of each material event and the financial impact of the
event on the Company, or explain why an estimate of the financial consequences
cannot be made.)
(Or) No events occurred subsequent to the balance sheet date that would have a material
impact on the financial statements.
Name of the Company pursuant to the Register of Companies
17