Integer pl : CONDENSED SEPARATE FINANCIAL STATEMENTS for Q4 2012

Condensed separate financial statements for Q4 of 2012 of the company Integer.pl SA - Kraków, 28 February 2013 - CONTENTS:

CONDENSED SEPARATE STATEMENT OF COMPREHENSIVE INCOME 3

CONDENSED SEPARATE STATEMENT OF FINANCIAL POSITION 3

CONDENSED SEPARATE STATEMENT OF CASH FLOWS 4

CONDENSED SEPARATE STATEMENT OF CHANGES IN EQUITY 7

NOTES TO FINANCIAL STATEMENTS 8

1. General Information 8

2. The Management Board of the parent company Integer.pl SA 9

3. Statement of compliance and basis of preparation of the financial statements. 9

4. Significant events in the period of the fourth quarter 2012 11

5. Dividend received by Integer.pl SA from Integer Eu Limited 11

6. Share purchase agreement and associated agreements and increase in share capital as part of purchase capital. 11

7. Repeal of the challenged part of the judgement of the Regional Court in Cracow and dismissal of the claim of Poczta Polska S.A. in this scope 13

8. Revenues and expenses. 14

9. Revenues from sales 14

10. Financial revenues 14

11. Income tax. 14

12. Dividends paid and proposed 14

13. Property, plant and equipment and intangible assets. 14

14. Investments in subsidiaries. 15

15. Long-term and short-term financial assets. 15

16. Deferred tax assets. 15

17. Inventories. 15

18. Trade receivables 15

19. Share capital and supplementary capital/other reserve capitals. 15

20. Long-and short-term financial liabilities. 17

21. Long-and short-term liabilities under borrowings and bonds. 17

22. Trade and other payables. 17

23. Provisions and deferred income 17

24. Sureties granted 17

25. Guarantees. 18

26. Court proceedings. 18

27. Related parties. 19

28. Remuneration of the Company's senior executives. 21

29. Events after the balance sheet date 22

CONDENSED SEPARATE STATEMENT OF COMPREHENSIVE INCOME

Note	01.10.2012 31.12.2012	01.10.2011 31.12.2011	01.01.2012 31.12.2012	01.01.2011 31.12.2011
Revenues from sales	5.1	45 172	27 425	90 142	72 030
Other operating revenues	945	809	3 329	4 531
Amortisation and depreciation	3 483	2 507	10 930	9 187
Materials and energy consumption	4 791	2 237	11 025	3 128
External services	8 029	11 855	23 678	40 456
Taxes and fees	1	15	226	95
Salaries	1 011	1 125	3 811	3 751
Social security and other benefits	153	452	637	697
Other expenses by type	326	126	1 233	731
Value of goods and materials sold	28 396	6 865	46 147	7 383
Other operating expenses	23	169	185	274
Total operating expenses	46 213	25 351	97 872	65 702
Operating profit (loss)	(96)	2 883	(4 401)	10 859
Financial revenues	5.2	13 301	1 861	65 238	4 005
Financial expenses	5 660	2 379	10 497	6 876
Profit (loss) before tax	7 545	2 365	50 340	7 988
Income tax	6	(1 389)	457	(3 041)	1 314
Net profit (loss) from continuing operations	8 934	1 908	53 381	6 674
Net profit (loss) from discontinued operations	-
Net profit (loss)	8 934	1 908	53 381	6 674
Other comprehensive income
Other comprehensive income after tax
Total comprehensive income	1 908	6 674
Earnings per share	1.50	0.32	8.99	1.12
Basic
Diluted

(in PLN '000)

CONDENSED SEPARATE STATEMENT OF FINANCIAL POSITION

(in PLN '000)

ASSETS	Note	01.01.2011 31.12.2011	01.01.2012 31.12.2012
Fixed assets	121 908	254 056
Goodwill

Other intangible assets	8	12 425	14 294
Tangible fixed assets	8	70 831	69 901
Other intangible assets
Investments in subsidiaries	9	16 074	136 553
Other long-term financial assets	10	20 875	23 296
Deferred tax assets	11	935	3 975
Other fixed assets	768	6 037
Current assets	75 032	124 069
Inventories	12	5 514	21 743
Other financial assets	26 587	24 722
Receivables (supply of goods and services)	13	36 420	70 262
Other current assets	2 131	249
Cash and cash equivalents	4 380	7 093
Total assets	196 940	378 125
EQUITY AND LIABILITIES	Note	01.01.2011 31.12.2011	01.01.2012 31.12.2012
Equity
Share capital	14	5 938	6 239
Supplementary capital	56 661	105 654
Retained earnings	7 104	53 811
Total equity	69 703	165 704
Long-term liabilities	15
Long-term borrowings (bank credits and loans)	16	39 765	67 083
Deferred income tax provision
Other long-term provisions and deferred income	22 725	20 666
Long-term liabilities	5 802	3 345
Total long-term liabilities	68 292	91 094
Short-term liabilities
Trade and other payables	17	17 884	90 442
Short-term borrowings (bank credits and loans)	36 389	23 301
Current tax liabilities	535
Short-term provisions and deferred income	18	4 137	7 584
Total short-term liabilities	58 945	121 327
Total liabilities	127 237	212 421
Total equity and liabilities	196 940	378 125

CONDENSED SEPARATE STATEMENT OF CASH FLOWS

(in PLN '000)

Note	01.01.2011 31.12.2011	01.01.2012 31.12.2012	01.10.2011 31.12.2011	01.10.2012 31.12.2012
A. Profit/loss before tax	7 988	50 340	2 365	7 545
II. Adjustments for:	(1 404)	(19 035)	(4 580)	(7 385)
1. Profit/loss of minority shareholders
2. Profit/loss from shares in associates
3. Depreciation and amortisation (including amortisation of goodwill)	9 187	10 930	2 507	3 483