Independent Auditor's Report on review of the condensed ... · Independent Auditor's Report on

Independent Auditors Report on review of the condensed interim consolidated financial statements and the condensed interim financial statements for the period from 01 January 2016 to 30 June 2016

For the shareholders of Amica Spoacutełka Akcyjna

1 We have conducted an examination of the attached condensed consolidated financial statements of the Capital Group of which the parent company is Amica SA (Company) with registered office in Wronki at ul Mickiewicza 52 and the accompanying condensed interim financial statements which comprise the consolidated and separate condensed balance sheets as at 30 June 2016 consolidated and separate condensed statements of comprehensive income consolidated and separate condensed statement of changes in equity consolidated and separate condensed cash flow accounts for the period from 01 January 2016 to 30 June 2016 and selected explanatory notes

2 The companys Management Board is responsible for compliance of these condensed interim consolidated financial statements and the condensed interim financial statements with International Accounting Standard 34 Interim Financial Reporting issued in the form of regulations of the European Commission and other applicable regulations Our task was to review these reports

Statutory auditor No 9530 Key statutory auditor conducting the examination on behalf of Grant Thornton Polska Spoacutełka z ograniczoną

odpowiedzialnością sp k Poznań ul Abpa Antoniego Baraniaka 88 E an entity authorised to examine financial statements registration number 4055

3 The examination of the report was conducted according to the provisions

- Accounting Act dated 29 September 1994 (consolidated text Journal of Laws of 2016 item 1047)

mdash the national financial reviewing standards issued by the National Council of Statutory Auditors

The standards referred to above oblige us to plan and conduct the examination in such a manner in order to obtain sufficient certainty that the audited separate and consolidated financial statements do not contain significant irregularities

The examination focused primarily on analysis of the condensed interim consolidated and separate financial statements examination of the companys ledgers and cross-referencing information obtained from the Management Board and from the personnel responsible for the Companys finances and accounting

The scope and method of review of the financial statements materially differs from the studies underlying the opinions expressed on compliance and the accuracy and clarity of annual financial statements with the applicable accounting rules (policy) and thus we cannot offer such an opinion regarding the attached condensed interim consolidated and separate financial statements

4 Our review has not identified anything that would not allow us to conclude that the condensed interim consolidated and separate financial statements have been prepared in all material respects in accordance with International Accounting Standard 34 Interim Financial Reporting issued in the form of regulations of the European Commission

5 Not making reservations concerning the propriety and reliability of the examined condensed interim consolidated financial statement and condensed interim financial statement we draw attention to the question below

a In the note 16 of the consolidated financial statements the Management Board of the parent company reported the existence of a trade receivable of the subsidiary in the amount of PLN 79 million due from the company subject to the insolvency proceedings The fee was not included in the write-down due to the fact that it was covered by insurance The Management Board of the parent company announced that the amount receivable is claimed from the insurer in court According to the Management Board of the parent company the positive outcome of the dispute before the court is highly unlikely

Poznań 25 August 2016

copy2016 Grant Thornton Polska Spoacutełka z ograniczoną odpowiedzialnością sp k All rights reserved

Jan Letkiewicz

AMICA SPOacuteŁKA AKCYJNA CAPITAL GROUP

INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD OF 6 MONTHS ENDED 30 June 2016

Legal status as at 25 August 2016

AMICA SPOacuteŁKA AKCYJNA CAPITAL GROUP Condensed Interim Consolidated Financial Statements

for the six months ended 30 June 2016 (in thousands PLN)

250

Selected Consolidated Financial Data of the Capital Group 4 Selected financial data of the Issuer 5 Interim condensed consolidated statement of comprehensive income 6 Interim condensed consolidated balance sheet 8 Interim condensed cash flow account 9 Interim condensed consolidated statement of changes in equity 10 Additional explanatory notes 12 1 Overview 12 2 Composition of the Parent Companys Management Board and Supervisory Board 12 3 The basis for drawing up the interim condensed consolidated financial statement 13 4 Significant Accounting Policies 13 5 Changes in the presentation 13 6 Seasonality of operations 14 7 Information concerning business segments 14 8 Revenue and costs 16 10 Dividends paid out and proposed dividends 18 11 Property plant and equipment 19 12 Investment property 22 13 Intangible assets 23 14 Other assets 26 15 Inventory 27 16 Receivables from deliveries and services and other receivables 27 17 Cash and equivalents 28 18 Assets held for sale 28 19 Employee benefits 28 20 Interest bearing bank credits and loans 29 21 Provisions 29 22 Liabilities from deliveries and services other liabilities 30 23 Issuances repurchases and repayments of debt securities 31 24 Financial instruments 32 25 Objectives and principles of financial risk management 35 26 Capital management 35 27 Contingent liabilities and contingent assets 35 28 Lawsuits 35 29 Investment liabilities 35 30 Used electrical and electronic equipment 35 31 Transactions with affiliates and subsidiaries 36 32 Events after the balance date 38 33 Other information 38 Additional notes to the interim condensed consolidated financial statements 40 Interim condensed statement of comprehensive income of the ISSUER 41 Interim condensed statement of changes in the equity of the Issuer 46 Additional notes to the interim condensed statements of the Issuer 49 34 Approval for publication 50



350

Statement of The Members of The Management Board

We declare that to the best of our knowledge Interim Condensed Consolidated Financial Statements and associated comparable data have been prepared in line with applicable accounting standards and that they present reliably and clearly the economic and financial standing of Issuers Capital Group and its financial result and further that the quarterly report on the activities of Issuers Capital Group truly reflects its course of development and achievements and the situation of the issuers financial group including the description of fundamental threats and risks We declare that the entity authorised to examine financial statements which reviewed the condensed interim financial statements has been chosen pursuant to the provisions of law and further confirming that both this entity and the statutory auditors conducting the review or examination fulfil the conditions for issuing an impartial and independent opinion on the condensed interim consolidated financial statements being examined in accordance with the appropriate legislation and professional standards

Signatures of all Members of the Board

Date Full name Position Signature 25082016 Jacek Rutkowski President of the

Management Board

25082016 Jarosław Drabarek Senior Vice President of the Management Board

25082016 Marcin Bilik Vice President of the Management Board

25082016 Alina Jankowska-Brzoacuteska

Vice President of the Management Board

25082016 Wojciech Kocikowski Vice President of the Management Board

25082016 Piotr Skubel Vice President of the Management Board



Additional notes to the Condensed Interim Consolidated Financial Statement included on pages 11 to 50 shall constitute an integral part of this statement 450

SELECTED CONSOLIDATED FINANCIAL DATA OF THE CAPITAL GROUP thousands PLN thousands EUR

SELECTED FINANCIAL DATA 1st half of 2016 1st half of 2015 1st half of 2016 1st half of 2015

1 Net revenue from sales of products goods and material 1 154 997 926 413 264 422 223 723 2 Profit (loss) on operating activities 70 308 60 608 16 096 14 636 3 Profit (loss) before tax 60 832 49 456 13 927 11 943 4 Net profit (loss) allocated to company shareholders 50 004 39 388 11 448 9 512 5 Net profit (loss) allocated to minority shareholders 68 86 16 21 6 Net cash flows from operating activities 42 979 37 192 9 840 8 982 7 Net cash flows from investment activities -31 232 -32 608 -7 150 -7 875 8 Net cash flows from financial activities -3 631 398 -831 96 9 Total net cash flows 8 116 4 982 1 858 1 203

10 Total assets 1 498 497 1 189 279 338 605 286 580 11 Non-current liabilities 170 351 79 914 38 493 19 257 12 Current liabilities 713 006 552 680 161 113 133 179 13 Equity capital allocated to shareholders 616 352 557 892 139 273 134 435 14 Equity capital allocated to minority shareholders -1 212 -1 207 -274 -291 15 Share capital 15 551 15 551 3 514 3 747 16 Number of shares 7 775 273 7 775 273 7 775 273 7 775 273 17 Number of own shares for disposal 0 0 0 0 18 Number of own shares for redemption 0 0 0 0 19 Profit (loss) per ordinary share 643 508 147 122 20 Book value per share (PLN EUR) 7927 7175 1791 1729 21 Paid dividend per share (PLN EUR) 400 300 090 072

Financial data was converted to the euro according to the following currency exchange rates 30062016 30062015 Currency exchange rates for the profit and loss account as well as cash flow statement are as follows 43680 41409 Currency exchange rates for the balance sheet are 44255 41944




SELECTED FINANCIAL DATA OF THE ISSUER thousands PLN thousands EUR SELECTED FINANCIAL DATA 1st half of 2016 1st half of 2015 1st half of 2016 1st half of 2015 1 Net revenue from sales of products goods and material 741 954 676 703 169 861 163 419 2 Profit (loss) on operating activities 45 205 39 211 10 349 9 469 3 Profit (loss) before tax 81 142 52 155 18 576 12 595 4 Net profit (loss) allocated to company shareholders 75 059 44 993 17 184 10 866 5 Net cash flows from operating activities 21 340 23 370 4 886 5 644 6 Net cash flows from investment activities -23 858 -14 149 -5 462 -3 417 7 Net cash flows from financial activities 12 602 9 193 2 885 2 220 8 Total net cash flows 10 084 18 414 2 309 4 447 9 Total assets 1 234 793 993 046 279 018 236 755

10 Non-current liabilities 159 284 73 515 35 992 17 527 11 Current liabilities 481 852 419 365 108 881 99 982 12 Equity capital allocated to shareholders 593 657 500 166 134 145 119 246 13 Share capital 15 551 15 551 3 514 3 708 14 Number of shares 7 775 273 7 775 273 7 775 273 7 775 273 15 Number of own shares for disposal 0 0 0 0 16 Number of own shares for redemption 0 0 0 0 17 Profit (loss) per ordinary share 965 579 221 138 18 Book value per share (PLN EUR) 7635 6433 1725 1534 19 Paid dividend per share (PLN EUR) 400 300 090 072




Additional notes to the Condensed Interim Consolidated Financial Statement included on pages 11 to 50 shall constitute an integral part of this statement

650

INTERIM CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME for the six months ended 30 June 2016

Note 1st half of 2016

1st half of 2015

2nd quarter 2016

2nd quarter 2015

Continued activities Revenue from sales of goods and products 1 137 992 909 819 574 243 442 408 Revenue from sale of services 17 005 16 594 7 267 8 660 Revenue from sales 1 154 997 926 413 581 510 451 068 Own sales costs 789 094 619 517 399 593 304 967 Gross profit(loss) on sales 365 903 306 896 181 917 146 101 Other operating revenue 81 6 409 3 975 4 873 1 917 Cost of sales 130 984 98 570 65 426 49 219 General administrative expenses 157 036 141 186 79 428 66 578 Other operating costs 82 13 984 10 507 11 840 5 937 Profit(loss) on operating activities 70 308 60 608 30 096 26 284 Financial revenue 3 081 12 982 1 233 2 328 Financial costs 12 469 24 134 5 287 6 271 Share in financial result Investments recognized using the equity method -88 0 -88 -

Gross profit(loss) 60 832 49 456 25 954 22 341 Income tax 9 10 760 9 982 4 608 4 744 Net profit(loss) on continuing operations 50 072 39 474 21 346 17 597 Discontinued activities 0 0 0 0 Profit(loss) for the financial year on discontinued operations 0 0 0 0

Net profit(loss) for the financial year 50 072 39 474 21 346 17 597 Profit(loss) allocated to 50 072 39 474 21 346 17 597 Shareholders of the Parent Company 50 004 39 388 21 269 17 549 Non-controlling shareholders 68 86 77 48 Other total revenue Items to be reclassified to the profit (loss) in subsequent reporting periods 2 841 6 762 1 437 -15 711

Exchange gain (loss) of a foreign entities -5 322 5 165 4 583 1 447 Net assets hedging 5 450 0 -561 0 Cash flow hedging 2 287 4 496 -4 596 -23 306 Share in other total revenue of affiliates or subsidiaries

Income tax associated with other total revenues 426 -2 899 2 011 6 148

Items not to be reclassified to the profit (loss) in subsequent reporting periods 0 50 0 38




750

Actuarial profit (loss) on specific benefit schemes 0 0 0 0

Profit (loss) on cash flow hedging

Revaluation of land and buildings 0 50 0 38 Income tax associated with other total revenues Other total net revenue 2 841 6 812 1 437 -15 673

COMPREHENSIVE INCOME FOR THE YEAR 52 913 46 286 22 783 1 924

Comprehensive income allocated to 52 913 46 286 22 783 1 924 Shareholders of the Parent Company 52 845 46 200 22 706 1 876 Non-controlling shareholders 68 86 77 48

Profit(loss) per share ndash basic from the profit for the period allocated to

shareholders of the Parent Company 643 507 273 226

ndash basic from the profit from continued activities for the period allocated to shareholders of the Parent Company

643 507 273 226

ndash diluted from the profit for the period allocated to shareholders of the Parent Company 643 507 273 226

ndash diluted from the profit from continued activities for the period allocated to shareholders of the Parent Company

643 507 273 226




850

INTERIM CONDENSED CONSOLIDATED BALANCE SHEET as at 30 June 2016

Note 30 June 2016 30 June 2015 31 December 2015 ASSETS Fixed assets 524 659 436 933 508 797 Property plant and equipment 11 280 864 255 571 276 534 Investment property 12 37 011 56 580 37 614 Intangible assets 13 134 874 48 117 138 559 Investments in associated companies valuated by the equity method 7 156 0 7 244

Derivative financial instruments 24 18 011 17 745 8 379 Other financial assets (non-current) 141 14 071 15 506 14 729 Deferred tax assets 32 672 43 414 25 738 Current Assets 963 671 752 346 897 196 Inventory 15 406 289 323 092 346 931 Receivables from deliveries and services and other receivables 423 843 297 637 410 769

Receivables from income tax 0 2 563 9 272 Derivative financial instruments 17 939 41 596 27 647 Other financial assets 141 10 958 3 816 9 384 Other non-financial assets 142 29 967 22 676 26 613 Cash and equivalents 17 74 675 60 966 66 580 Fixed assets classified as designated for sale 10 167 - 10 167 TOTAL ASSETS 1 498 497 1 189 279 1 416 160 LIABILITIES Total equity capital 615 140 556 685 593 568 Equity capital allocated to shareholders of the Parent Company 616 352 557 892 594 848

Stated capital 15 551 15 551 15 551 Supplementary capital 502 825 450 907 450 793 Exchange gain (loss) of a foreign entity -18 083 950 -12 761 Other reserve capitals 24 662 23 635 16 500 Retained profit Uncovered loss 91 397 66 849 124 765 Non-controlling interest -1 212 -1 207 -1 280 Non-current liabilities 170 351 79 914 193 132 Interest bearing bank credits and loans 150 961 50 172 159 169 Provisions 20 5 095 3 369 5 790 Liabilities from net employee benefits 7 050 7 603 6 187 Derivative financial instruments 4 741 0 10 175 Other liabilities 0 16 080 9 176 Deferred charges and accruals 2 504 2 690 2 635 Current liabilities 713 006 552 680 629 460 Liabilities from deliveries and services and other liabilities 221 446 846 370 351 445 937

Current portion of interest-bearing bank credits and loans 100 648 58 314 76 509

Derivative financial instruments 24 9 517 14 720 7 289 Liabilities from income tax 12 775 - 2 896 Deferred charges and accruals 6 187 397 6 811 Provisions 21 137 033 108 898 90 018 Total liabilities 883 357 632 594 822 592 TOTAL LIABILITIES 1 498 497 1 189 279 1 416 160




950

INTERIM CONDENSED CASH FLOW ACCOUNT for the six months ended 30 June 2016

1st half of 2016

1st half of 2015

31 December

2015 Cash flows from operating activities Gross profit(loss) 60 832 49 456 123 251 Adjustments by items -17 853 -12 264 -64 565 Net (profit) loss share of subsidiaries and affiliates consolidated by equity method -88 - -403

Depreciation 21 988 17 987 37 012 Currency translation gains (losses) -1 131 -353 -13 396 Interest and profit sharing (dividend) 5 394 5 483 11 289 Profit (loss) on investing activities 3 824 1 624 1 933 Change in provisions 47 183 37 543 19 668 (Increase) decrease in inventories -58 130 -92 266 -105 383 (Increase) decrease in receivables 14 665 36 340 -97 180 (Increase) decrease in liabilities -42 298 -16 733 83 652 Change in prepayments and accruals -15 036 -5 034 2 937 Result on derivatives -5 267 -14 606 -29 698 Cash flows related to hedging 6 472 18 625 35 408 Other -28 4 848 9 795 Income tax paid 4 599 -5 722 -20 199

Net cash flows from operating activities 42 979 37 192 58 686

Cash flows from investment activities Disposal of fixed assets and intangible assets 101 84 69 Purchase of fixed assets and intangible assets -35 752 -38 642 -73 633 Purchase of investments in subsidiaries associates and joint ventures - - -86 018

Interest received 983 140 749 Repayment of loans granted 8 600 4 731 6 429 Loans granted -8 300 -3 700 -11 700 Flows of trade derivatives 3 136 4 779 14 790 Net cash from investing activities -31 232 -32 608 -149 314

Cash flows from financial activities Payment of liabilities arising from financial leases -4 321 -3 286 -3 741 Inflows from creditsloan taken 18 707 21 039 57 384 Repayment of loanscredits -11 440 -12 012 -18 025 Issuance of debt securities - 20 000 131 308 Redemption of debt securities - -20 000 -30 000 Dividends paid out -200 - -23 525 Interest paid -6 377 -5 343 -11 559 Net cash from financial activities -3 631 398 101 842

Net increase (decrease) in cash and cash equivalents 8 116 4 982 11 214

Balance sheet change in cash including 8 095 5 282 10 896 Net exchange rate differences -340 -300 -42

Change in cash due to consolidation 361 - 361

Opening balance of cash 66 932 55 717 55 717

Closing balance of cash 74 723 60 694 66 932




INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY for the six months ended 30 June 2016 Allocated to shareholders of the Parent Company

Stated capital

Supplementary capital

Own shares

Exchange gain (loss) of

a foreign entity

Revaluation of hedging instruments

capital

Revaluation of a defined benefit plan

Other reserve capitals

Retained profits Total

Non-controlling

interest

Total equity capital

As at 01 January 2016 carried forward 15 551 450 793 0 -12 761 8 135 -777 9 142 124 771 594 854 -1 280 593 574 Net profit(loss) for the year - - - - - - - 50 004 50 004 68 50 072 Other net comprehensive income for the period - - - -5 322 8 163 - - - 2 841 - 2 841

Comprehensive income for the year 0 0 0 -5 322 8 163 0 0 50 004 52 845 68 52 913 Sales of own shares - - - - - - - - 0 - 0 Re-booking of financial result to equity capital - 52 110 - - - - - -52 110 0 - 0

Purchase of a subsidiary - - - - - - - - 0 - 0 Settlement of mergers of companies - - - - - - - - 0 - 0 Dividends - - - - - - - -31 268 -31 268 - -31 268 Other changes - -78 - - - - -1 0 -79 - -79 As at 30 June 2016 15 551 502 825 0 -18 083 16 298 -777 9 141 91 397 616 352 -1 212 615 140 As at 01 January 2015 carried forward 15 551 413 392 0 -4 215 14 526 -1 630 9 142 88 452 535 218 -1 293 533 925 Net profit(loss) for the year - - - - - - - 39 388 39 388 86 39 474 Other net comprehensive income for the period - 50 5 165 1 597 - - - 6 812 - 6 812

Comprehensive income for the year 0 50 0 5 165 1 597 0 0 39 388 46 200 86 46 286 Sales of own shares - - - - - - - - 0 - 0 Re-booking of financial result to equity capital - 37 665 - - - - - -37 665 0 - 0

Purchase of a subsidiary - - - - - - - - 0 - 0 Settlement of mergers of companies - - - - - - - - 0 - 0 Dividends - -200 - - - - - -23 326 -23 526 - -23 526 Other changes - - - - - - - - 0 - 0 As at 30 June 2015 15 551 450 907 0 950 16 123 -1 630 9 142 66 849 557 892 -1 207 556 685




Allocated to shareholders of the Parent Company

Stated capital


Own shares

Exchange gain

(loss) of a foreign

entity


capital

Revaluation of a defined

benefit plan



Non-controlling

interest


As at 1 January 2015 15 551 413 392 0 -4 215 14 526 -1 630 9 142 88 452 535 218 -1 293 533 925

Net profit(loss) for the year - - - - - - - 97 172 97 172 13 97 185 Other net comprehensive income for the period - - - -8 546 -6 391 853 - - -14 084 - -14 084

Comprehensive income for the year 0 0 0 -8 546 -6 391 853 0 97 172 83 088 13 349

Sales of own shares - - - - - - - - 0 - 0 Settlement of mergers of companies - - - - - - - - 0 - 0

Allocation of profit from previous years to equity capital - 37 533 - - - - - -37 533 0 - 0

Dividends - -200 - - - - - -23 326 -23 526 - -23 526

Other changes - 68 - - - - - - 68 - 68

As at 31 December 2015 15 551 450 793 0 -12 761 8 135 -777 9 142 124 765 594 848 -1 280 593 568



1250

ADDITIONAL EXPLANATORY NOTES

1 Overview

Amica Spoacutełka Akcyjna Capital Group (Group) is composed of Amica Spoacutełka Akcyjna (Parent Company Company) and its subsidiaries (see Note 31) The Interim Condensed Consolidated Financial Statements of the Group cover the period of 6 months of 2016 ended on 30 June 2016 and comprise comparative data for the period of 6 months ended on 30 June 2015 The Parent Company is registered in the register of entrepreneurs - the National Court Register maintained by the District Court in Poznań - Nowe Miasto and Wilda in Poznań 9th Commercial Division of the National Court Register under the number KRS 000017514 The Parent Company was issued the business statistical number REGON 570107305 The duration of the operation of the Parent Company and companies within the Group is undefined The Groups core business is

bull Manufacture and sale of electric and gas-fired domestic appliances bull Sale of domestic appliances bull Sales of maintenance heating hotel and catering services bull Rental and leasing activities

The direct parent of the Group is Holding Wronki SA ndash which is responsible for preparation of the financial statements to be made public The parent company of the highest level of the entire Group is a natural person who is not obliged to prepare financial statements to be made public (IAS2413) The interim financial result may not reflect the full potential financial result to be achieved for the fiscal year

2 Composition of the Parent Companys Management Board and Supervisory Board

The Parent Companys Management Board on the 30 June 2016 was composed of bull Mr Jacek Rutkowski - President of the Management Board bull Mr Jarosław Drabarek ndash First Vice President of the Management Board bull Mr Marcin Bilik ndash Vice President of the Management Board bull Ms Alina Jankowska-Brzoacuteska ndash Vice President of the Management Board bull Mr Wojciech Kocikowski - Vice President of the Management Board bull Mr Piotr Skubel ndash Vice President of the Management Board

The Parent Companys Supervisory Board on the 30 June 2016 was composed of

bull Mr Tomasz Rynarzewski - Chairman of the Supervisory Board bull Mr Dariusz Formela - Independent Member of the Supervisory Board (Vice Chairman of the

Supervisory Board) bull Mr Tomasz Dudek ndash Member of the Supervisory Board bull Mr Piotr Sawala - Member of the Supervisory Board bull Mr Paweł Wyrzykowski - Member of the Supervisory Board bull Mr Jacek Bartmiński - Independent Member of the Supervisory Board

After the day of balance statement there were no changes in the composition of the Management Board and the Supervisory Board



1350

3 The basis for drawing up the interim condensed consolidated financial statement

These interim condensed consolidated financial statements have been prepared in accordance with the International Accounting Standard 34 ndash Interim Financial Reporting approved by the EU These interim condensed consolidated financial statements are presented in Polish zloty (PLN) while all the values unless otherwise indicated are expressed in thousand PLN These interim condensed consolidated financial statements have been prepared with the assumption that the business of the Group companies is to continue operating in the foreseeable future On the date of approval of these interim condensed financial statements there are no circumstances that could be regarded as a threat to the continued business operations of the Group companies The interim condensed consolidated financial statements do not include all the information and disclosures required in the annual consolidated financial statements and should be read in conjunction with the consolidated financial statements of the Group for the year ended 31 December 2015

4 Significant Accounting Policies

The accounting principles (policies) applied in the preparation of the interim condensed consolidated financial statements are consistent with those applied in preparation of the annual consolidated financial statements for the year ended 31 December 2015 The Group has not adopted any other standard interpretation or amendment that was issued but has not become effective yet

5 Changes in the presentation

The Group changed the presentation of cost of sales and other operating costs In the data published for the first six months of 2015 the cost of sale related to the replacement of defective goods with new ones were recognized in the ldquoother operating expensesrdquo After the change in the presentation the costs associated with the replacement of defective goods with the new ones will adjust the costs of sale The adjustments of comparable data associated with the reclassification of the cost of replacement are presented in the following table These changes do not affect the amount of earnings per share In accordance with IAS 1 the Group offsets the items related to revaluation of inventories with the receivables disclosed in the income and expenses as presented in the tables below

bull Data for the first six months of 2015

Before restatement Adjustment Description of restatement After restatement

Other operating costs 11 256 -749 change in presentation of the costs associated with service

replacements

10 507

Cost of sales 97 821 749 98 570

Other costs by type 81 023 749 81 772



1450

bull Data for the second quarter of 2015


Other operating revenue -272 2 189 revaluation of inventories and receivables 1 917

Other operating costs 4 168

2 189 revaluation of inventories and receivables

5 937 -420

change in presentation of the costs associated with service

replacements

Cost of sales 48 799 420 change in presentation of the costs associated with service

replacements 49 219

6 Seasonality of operations

The Groups operations are not seasonal so the presented Groups results do not fluctuate significantly during the year

7 Information concerning business segments

Amica SA is a manufacturer and distributor of household appliances and its production activities are held in a single location in Wronki For management purposes the Group is organised in business units based on their products and services The following operating segments are distinguished

bull Free-standing heating equipment segment includes free-standing cookers manufactured by Amica SA bull Built-in heating equipment segment includes built-in cookers and ovens manufactured by the Parent

Company bull Other heating equipment segment includes built-in hobs manufactured by the Parent Company bull Goods segment includes equipment imported for the purpose of resale including refrigerators washing

machines microwave ovens dishwashers and small appliances

None of the Groups operating segments have been combined with another segment to create the reporting segments The accounting principles for the operating segments are the same as the accounting principles applied by the Group The Management Board separately monitors business segment results in order to take decisions regarding allocation of resources as well as to assess the effects of this allocation and the financial results The basis for the assessment of performance is operating profit or loss which in certain respects are measured differently from operating profit or loss presented in the financial statements Financing of the Group (including financial costs and revenues) certain operating expenses and income taxes are monitored at the Group level and are not allocated to the segments The following tables present revenue and results attributable to individual segments of activity for first half of 2016 and for first half of 2015



1550

For the period from 101 to 30062016

Free-standing heating

equipment

Built-in heating

equipment

Other heating

equipment Goods Other Total

Revenue from external clients 304 470 170 699 80 911 582 213 16 704 1 154 997

Own sales costs 200 127 108 872 51 084 417 062 11 950 789 094

Operating sector result 104 343 61 828 29 828 165 151 4 754 365 903 Operating expenses allocated to the segment 55 889 34 431 15 454 116 319 0 222 093

Operating sector result 49 048 27 645 14 456 48 832 4 754 143 810 Result from other operating activities and non-allocated costs 73 502

Groups operating profit 70 308

Result from financial activities -9 476

Groups gross profit 60 832

Obligatory result burden 10 760

Groups net profit 50 072



equipment

Built-in heating

equipment

Other heating equipme

nt

Goods Other Total

Revenue from external clients 302 152 154 434 66 493 385 642 17 692 926 413

Own sales costs 187 959 97 358 39 568 283 422 11 210 619 517








The data concerning the year 2015 presented in the table above differ from the data published in the financial statements for two quarters of 2015 The change applies to the operating expenses attributable to the segment and the result on other activities and unallocated costs The effect of changes is a greater development cost burden on segments The change was introduced in 2015 Annual Financial Statements For the purposes of comparability changes were also introduced in two quarters of 2015 The following table shows the differences in allocating the operating costs to the segment described above

For the period from 101 to 30062015 Free-standing

heating equipment

Built-in heating

equipment


nt

Goods Other Total

Operating expenses allocated to the segment 2 483 1 662 796 692 0 5 633

Operating result in the segment (Margin S3) -2 483 -1 662 -796 -692 0 -5 633

Result from other operating activities and non-allocated costs -5 633



1650

Breakdown of the Groups revenue by geographical area in thousands of PLN (geographical segmentation) 1st half of 2016 1st half of 2015 Sale of products and goods 1 107 229 879 956 Poland 322 017 310 001 East 158 430 145 759 North 106 167 88 401 South 73 765 64 278 West 446 850 271 517 Other sales including 47 768 46 457 -spare parts and materials 30 964 31 360 - services 16 804 15 097 Total 1 154 997 926 413

The above information on income is based on data on the registered offices of the Groups customers Given confidentiality of data the Group does not present revenue from external customers by product type The structure of the Groups customers includes one entity with which the turnover exceeded 10 of the total revenue

8 Revenue and costs

81 Other operating revenue 1st half of 2016 1st half of 2015 EU subsidies 145 72

Compensation received fines 2 370 1 841

Income from additional warranty 29 52

Dissolution of impairment write-offs 35 -

Returned goods 83 62

Free shipments - 553

Yield from scrap intended for spare parts 38 26

Result on sale of financial assets 2 499 -

Other items 1 210 1 369

6 409 3 975



1750

82 Other operating costs 1st half of 2016 1st half of 2015 Loss on sales and liquidation of non-financial fixed assets 3 744 1 615

Replacement of faulty equipment 299 188

Shortages and damage 681 2

Donations 364 810

Inventory scrapping 914 755

Penalties and fines compensations 70 57

Gain on revaluation of receivables 1 106 6 091

Revaluation of warehouse 0 307

Creation of a provision for retirement benefits 301 61

Contributions to community organizations 263 102

Costs of Companys social benefit fund 68 64

Advance payments for non-completed deliveries 5 132 - Other operating costs 1 042 455

13 984 10 507

83 Costs by type

1st half of 2016 1st half of 2015

Depreciation 21 988 17 987 Use of materials and energy 343 725 309 154 Third-party services 89 119 69 766 Taxes and fees 4 244 3 660 Cost of employee benefits 149 468 116 489 Other costs by type 97 627 81 772

Value of goods and materials sold and spare parts 417 985 309 149

Total expenses by nature including 1 124 156 907 977 Items included in own cost of sales 789 094 619 517 Items included in cost of sales 130 984 98 570 Items included in general and administrative

expenses 157 036 141 186

Change in product inventory -43 087 -45 309

Cost of services for own needs -3 955 -3 395



1850

9 Income tax

The main elements of the tax burden for the year ending on 30 June 2016 and 30 June 2015 are as follows


Recognized in profit or loss Current income tax 17 112 5 080 Current debit due to deferred income tax 17 112 5 080 Adjustments of current income tax from previous years 0 Deferred income tax -6 352 4 902 Associated with the occurrence and the reversal of transitional differences -6 352 4 902 Taxes recognised in the profit and loss account 10 760 9 982 Statement of changes in equity capital Current income tax 0 0 Tax effect of cost of increasing the share capital 0 0

Tax benefit(tax burden) disclosed in equity 0

Statement of comprehensive income Deferred income tax 0 0 Tax on net profit (loss) due to changes in the effective portion of cash flow hedges 426 -2 899

Tax on unrealized gains(losses) on financial assets available for sale 0 0

Tax on effective portion of cash flow hedges settled during the year 0 0

Tax benefit(tax burden) disclosed in other comprehensive income 426 -2 899

10 Dividends paid out and proposed dividends

The dividend per share paid in July 2016 concerning the year 2015 amounted to PLN 4 per share (dividend paid for the year 2014 amounted to PLN 3 per share)



1950

11 Property plant and equipment

Land Buildings

and structures

Machines and equipment

Means of transport

Other tangible assets

Property plant and equipment in production

Advance payments for

property plant and equipment in production

Total fixed assets

As at 30062016 Gross balance 3 756 142 059 210 905 24 863 98 932 21 300 7 670 509 485 Accumulated depreciation and adjustment write-offs 0 35 227 125 412 13 207 53 325 1 450 228 621 Net balance 3 756 106 832 85 493 11 656 45 607 19 850 7 670 280 864

Reclassified as fixed assets designated for sale - - - - - - - 0

Adjusted net balance 3 756 106 832 85 493 11 656 45 607 19 850 7 670 280 864 As at 30062015 Gross balance 3 671 134 214 191 034 19 541 87 927 26 141 3 600 466 128 Accumulated depreciation and adjustment write-offs 0 30 614 112 008 10 574 55 989 1 372 210 557 Net balance 3 671 103 600 79 026 8 967 31 938 24 769 3 600 255 571






2050

Adjusted net balance 3 755 103 397 86 999 11 161 35 211 31 912 4 099 276 534

Land Buildings

and structures


Means of transport





Total fixed assets

for the period from 101 to 30062016 Net carrying value as at 1012016 3 755 103 397 86 999 11 161 35 211 31 912 4 099 276 534 Acquisition of the Company 0 Increases (purchase production leasing) 0 5 164 7 092 3 303 2 845 23 136 3 571 45 111 Decreases (sale liquidation (-) transfer to fixed assets) -4 644 -1 886 -1 034 -4 291 -17 675 -29 530

Other changes (reclassification transfer etc) 0 4 649 118 -16 12 741 -17 492 0 Depreciation in accordance with the depreciation plan (-) -2 987 -8 719 -2 526 -4 695 -31 -18 958

Depreciation write-offs for liquidated or sold assets 0 1 252 1 804 915 3 902 0 7 873

Net translation gain (loss) (+-) 1 1 85 -147 -106 0 -166 Net carrying value as at 30062016 3 756 106 832 85 493 11 656 45 607 19 850 7 670 280 864 for the period from 101 to 30062015 Net carrying value as at 1012015 3 671 90 142 74 613 6 875 30 243 18 151 8 621 232 316

Acquisition of the Company 0

Increases (purchase production leasing) 17 565 12 099 3 794 5 218 42 613 81 289 Decreases (sale liquidation (-) transfer to fixed assets) -2 550 -7 284 -1 603 -926 -35 994 -5 021 -53 378

Other changes (reclassification transfer etc) 0 Depreciation in accordance with the depreciation plan (-) -2 698 -7 587 -1 406 -3 507 -15 198

Depreciation write-offs for liquidated or sold assets 1 141 7 232 1 339 917 10 629

Net translation gain (loss) (+-) -47 -32 -7 -1 -87

Net carrying value as at 30062015 3 671 103 600 79 026 8 967 31 938 24 769 3 600 255 571



2150

In the first half of 2016 the Group corrected the improper assignments of exclusions related to purchases of tangible fixed assets within the Group which hitherto have been disclosed under tangible fixed assets in production to other groups This change was presented in the line ldquoOther changes (reclassifications relocations etc)

Land Buildings

and structures


Means of transport





Total fixed assets

for the period from 101 to 31122015 Net carrying value as at 1012015 3 671 90 142 74 613 6 875 30 243 18 151 8 621 232 316 Acquisition of the Company - - 233 2 407 2 623 - - 5 263 Increases (purchase production leasing) 84 20 523 27 323 5 308 10 103 83 848 - 147 189 Decreases (sale liquidation (-) transfer to fixed assets) - -2 550 -13 486 -1 998 -8 806 -70 087 -4 522 -101 449

Other changes (reclassification transfer etc) - -282 109 - -57 - - -230 Depreciation in accordance with the depreciation plan (-) - -5 577 -15 362 -2 979 -7 393 - - -31 311

Depreciation write-offs for liquidated or sold assets - 1 140 13 498 1 551 8 645 - - 24 834

Net translation gain (loss) (+-) - 1 71 -3 -147 - - -78 Net carrying value as at 31122015 3 755 103 397 86 999 11 161 35 211 31 912 4 099 276 534



2250

12 Investment property

As at 30 June 2016 the investment properties were tested for impairment As at 30 June 2016 there were no indications of impairment of investment properties A detailed description of the property is included in the Consolidated Financial Statements of the Group for the year 2015

30 June 2016 30 June 2015 31 December

2015 Opening balance as at 01 January 2016 37 614 57 044 57 044

Change - sale of investment in real estate - - -866

- capitalised expenditure 176 276 581

- reclassified as assets available for sale - - -10 167

- depreciation write-off - - -7 500

- other-depreciation -779 -740 -1 478

Closing balance as of 30 June 2016 37 011 56 580 37 614



2350

13 Intangible assets

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets

Intangible assets being developed


intangible assets

Intangible assets total

As at 30062016 Gross balance 83 313 8 836 7 842 11 991 53 273 5 297 5 719 0 176 271 Accumulated depreciation and adjustment write-offs 9 350 6 708 5 891 5 929 9 881 3 638 0 0 41 397 Net balance 73 963 2 128 1 951 6 062 43 392 1 659 5 719 0 134 874

Reclassified as fixed assets designated for sale - - - - - - - - 0

Adjusted net balance 73 963 2 128 1 951 6 062 43 392 1 659 5 719 0 134 874 As at 30062015 Gross balance 7 771 8 260 11 084 6 879 32 069 5 049 6 479 309 77 900 Accumulated depreciation and adjustment write-offs 305 6 005 8 283 4 148 8 281 2 761 29 783 Net balance 7 466 2 255 2 801 2 731 23 788 2 288 6 479 309 48 117


Adjusted net balance 7 466 2 255 2 801 2 731 23 788 2 288 6 479 309 48 117 As at 31122015 Gross balance 75 970 8 496 10 551 10 388 54 082 5 090 5 076 89 169 742 Accumulated depreciation and adjustment write-offs 315 6 298 8 139 4 822 8 483 3 126 0 31 183 Net balance 75 655 2 198 2 412 5 566 45 599 1 964 5 076 89 138 559


Adjusted net balance 75 655 2 198 2 412 5 566 45 599 1 964 5 076 89 138 559



2450

Trademarks

Patents and

licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets


for the period from 101 to 30062016 Net carrying value as at 1012016 75 655 2 198 2 412 5 566 45 599 1 964 5 076 89 138 559 Acquisition of the Company 0 Increases (purchase production leasing) 5 500 340 111 1 603 6 987 14 541 Decreases (sales liquidation adoption as intangible assets) (-) -6 344 -89 -6 433 Other changes Depreciation in accordance with the depreciation plan (-) -7 -410 -457 -1 107 0 -372 -2 353

Depreciation write-offs for liquidated or sold assets 0

Net translation gain (loss) (+-) -7 185 0 -115 0 -2 207 67 0 -9 440 Net carrying value as at 30062016 73 963 2 128 1 951 6 062 43 392 1 659 5 719 0 134 874 On 31 May 2016 Amica SA acquired the copyrights to designs from CODE Design Sp z oo with its registered office in Katowice for PLN 5500000 for the period from 101 to 30062015 Net carrying value as at 1012015 7 474 1 431 3 190 3 338 23 893 2 680 6 634 228 48 868 Acquisition of the Company 0 Increases (purchase production leasing) 1 161 242 116 1 203 81 2 803 Decreases (sales liquidation adoption as intangible assets) (-) -1 358 -1 358 Other changes Depreciation in accordance with the depreciation plan (-) -9 -337 -620 -723 -352 -2 041


Net translation gain (loss) (+-) 1 -11 -105 -40 -155 Net carrying value as at 30062015 7 466 2 255 2 801 2 731 23 788 2 288 6 479 309 48 117



2550

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets


for the period from 101 to 31122015 Net carrying value as at 1012015 7 474 1 431 3 190 3 338 23 893 2 680 6 634 228 48 868 Acquisition of the Company 68 351 - - - 21 718 - - - 90 069 Increases (purchase production leasing) 1 486 494 3 625 - - 6 526 - 12 131 Decreases (sales liquidation adoption as intangible assets) (-)

- -89 -830 - - - -8 084 -139 -9 142

Other changes (reclassification transfer) - - - - - - - - 0 Depreciation in accordance with the depreciation plan (-) -16 -716 -1 256 -1 396 0 -713

- - -4 097

Depreciation write-offs for liquidated or sold assets - 88 830 - - - - -

918 Net translation gain (loss) (+-) -154 -2 -16 -1 -12 -3 - - -188 Net carrying value as at 31122015 75 655 2 198 2 412 5 566 45 599 1 964 5 076 89 138 559

Goodwill The following table presents the carrying amount of goodwill arising on the acquisition of subsidiaries As at 30 June 2016 these values were tested for impairment There were no indications to recognize an impairment loss on these assets These values were measured at fair value to be obtained as at 30 June 2016 A detailed description of the following goodwill is presented in the Consolidated Financial Statements for the year ended 31 December 2015 As at 30 June 2016 changes in the carrying values resulted from the exchange differences

30 June 2016 30 June 2015 31 December 2015 The carrying amount of goodwill arising on the acquisition of the following entities

Gram Domestic AS 7 390 7 071 7 164

Amica International GmbH 12 414 12 414 12 414

The CDA Group 19 285 - 21 718

Amica Handel i Marketing Sp z oo 74 74 74

Marcelin Management Sp z o o 4 229 4 229 4 229

Total carrying value 43 392 23 788 45 599



2650

14 Other assets

141 Other financial assets

30 June 2016 30 June 2015 31 December 2015

Loans granted 24 436 18 630 23 530

Assets available for sale 192 191 192

Other receivables 256 356 246

Others 145 145 145

Total 25 029 19 322 24 113

ndash short-term 10 958 3 816 9 384

ndash long-term 14 071 15 506 14 729

The loans disclosed above were granted to the subsidiaries and bear interest at market conditions Most of the amount presented above accounts for the loans granted to Arcula Sp z oo These have a long-term nature As at the balance sheet date one of the loans (in the amount of PLN 11810000) was secured by assignment of the rights to the investment account The Management Board of the parent company has taken steps to provide security to the remaining value of the loans granted On the day of signing of the consolidated financial statements these have not been completed yet The Management Board of the parent confirms the assumptions underlying the valuation of assets disclosed in the consolidated financial statements for the first six months There were no indications of impairment of loans

142 Other non-financial assets


Budget receivables 14 388 14 639 19 339 Advances for inventories 1928 911 136 Deferred charges and accruals 13 651 7 126 7 138 Total 29 967 22 676 26 613 ndash short-term 29 967 22 676 26 613 ndash long-term 0 0 0



2750

15 Inventory


Materials At the purchase price cost of manufacture 46 910 43 471 44 400 According to recoverable net value 46 355 42 871 43 876

Work in progress (at the cost of manufacture) 7 528 7 247 7 399 Finished goods

At the purchase price cost of manufacture 109 613 97 406 59 454 According to recoverable net value 109 613 96 700 59 454

Goods At the purchase price cost of manufacture 232 923 167 372 225 693 According to recoverable net value 232 013 166 965 225 834

Spare parts 10 780 9 309 10 368 Total inventories at the lower of the two values purchase price (cost of manufacture) and the net realizable value 406 289 323 092 346 931

As at 30 June 2016 the Company recognized a write-down on inventory to the net realizable amount of PLN 1465000 (compered to PLN 1783000 as at 30 June 2015) Revaluation of inventory related to materials finished products and goods and resulted from the application of the policy of creating inventory write-downs due to the their flow turnover ratios

16 Receivables from deliveries and services and other receivables


2015 Receivables from provision of deliveries and services 423 502 294 964 401 537 Other receivables including receivables related to the acquisition of the company 341 2 673 9 232

Other receivables from subsidiaries and affiliates

Total receivables (net) 423 843 297 637 410 769

Allowance for uncollectible accounts 13 297 21 749 20 095

Gross receivables 437 140 319 386 430 864

Terms of transactions with related parties are set out in the Note 31 Trade receivables are non-interest bearing and generally have 75-day payment deadlines The Group runs a policy to sell only to verified customers As a result the management believes there is no additional credit risk beyond the level specified by the allowance for uncollectible trade receivables of the Group The subsidiary Hansa has recorded the receivables worth PLN 79 million from a customer declared bankrupt The Company has not recognized an impairment loss of these receivables since these were insured As at the date of these statements the receivables are sought from the Insurer before the court According to the Management Board the positive outcome of the dispute for the Group is highly likely Below is the analysis of trade receivables which as at 30 June 2016 and 30 June 2015 were past due Following the evaluation of the existing collateral securities no provisions for overdue amounts have been created as there is no risk of uncollectability



2850

Total Not overdue Overdue but collectible

lt 30 days 30 ndash 90 days

90 ndash 180 days

180 ndash 360 days gt360 days

30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491

17 Cash and equivalents

Cash and equivalents include the following items


Cash in hand and at bank 72 610 28 284 63 735

Current deposits 2 065 32 681 2 845

Others 0 1 0

74 675 60 966 66 580

18 Assets held for sale

The value of assets held for sale as at the balance sheet date amounted to PLN 10167000 and corresponds to the price stated in the purchase bid In the first half of 2016 there were no changes in relation to the value as of 31 December 2015 At the beginning of 2016 a preliminary agreement was signed with the potential buyers of the property

19 Employee benefits

The companies of the Group pay retirement bonuses to the retiring employees in the amount specified in the Labour Code or as provided for under individual life insurance and retirement schemes Therefore based on a valuation carried out using an internal tool or based on actuarial valuation some of the Group companies create provisions for the current value of the liabilities related to retirement bonuses As at the balance sheet date no changes in the fair value related to the valuation of these benefits were made



2950

20 Interest bearing bank credits and loans


Current 100 649 58 314 76 509 Liabilities due to financial leasing agreements and leasing agreements with a purchase option 8 898 8 752 9 038

Current account overdraft and investment loans 75 800 39 544 51 520 Bonds 15 951 10 018 15 951 Loans - - - Long-term 150 961 50 172 159 169 Liabilities due to financial leasing agreements and leasing agreements with a purchase option 9 843 9 708 9 363

Bonds 95 692 - 95 697 Loans 74 Investment credits 45 426 40 464 54 035

The Group does not include any instruments such as credits and loans as financial instruments to be measured at fair value through profit or loss All credit bank loans and other debt instruments are recognised according to the depreciated cost based on the effective interest rate The fair value of loans borrowings and other debt instruments is presented in the tables above Most of the loans bear interest at variable interest rates based on the reference rate WIBOR ON and M rates had not changed compared with the end of 2015 In the first half of 2016 there have been no new transactions involving credit obligations As at 30062016 the Group satisfies all the terms and conditions provided for in the loan agreements

21 Provisions

Determining the balance of some of the Groups assets and liabilities requires an assessment of how uncertain events will affect these items on the balance date Group estimates which could significantly affect the balance of assets and liabilities refer primarily to calculation of permanent impairment loss the economic cycle of a given fixed asset and the reserve As at the balance sheet date the Group has reviewed the assumptions regarding the provisions There were no changes to the assumptions made as of 31 December 2015 In the analysed reporting period there have been no changes to estimates concerning the economic cycle of the Groups fixed assets Changes in provisions Current provisions Non-current provisions

30062016

30062015

31122015

30062016

30062015

31122015

Provisions for sales bonuses 40 932 33 812 8 402

Provisions for warranty repairs 31 041 23 196 30 307 5 095 3 369 5 790

Provisions for salaries and holiday leave 23 867 13 792 38 208 Provisions for marketing and commission fees 27 176 32 071 7 953

Other Provisions 14 017 6 027 5 148 Total other provisions 137 033 108 898 90 018 5 095 3 369 5 790



3050

22 Liabilities from deliveries and services other liabilities

221 Liabilities from deliveries and services and other liabilities (Current)


Liabilities from deliveries and services

Towards affiliated entities 385 334 424

Towards other entities 315 085 273 907 354 804

315 470 274 241 355 228

Financial liabilities

Liabilities under factoring 30 762 28 908 35 865 Profit sharing liabilities 31 101 23 325 - Settlements related to the purchase of CDA 16 236 - 8 333 78 099 52 233 44 198

Other liabilities

Liabilities due to employees from the remuneration 8 249 9 287 6 932 Other liabilities 45 028 34 590 39 579 53 277 43 877 46 511

Total 446 846 370 351 445 937

The increase in liabilities as a result of the settlement of the CDA acquisition as described above stems from the reclassification of liabilities as at 30 June 2016 into the short-term liabilities maturing within one year Below is the analysis of trade payables by maturity terms of payments

Total Overdue Not overdue


90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0

222 Other non-financial liabilities


Liabilities from tax customs and other 2 194 1 861 272

Value Added Tax 31 351 21 802 25 739

Personal Income Tax 2 094 1 774 1 938

Liabilities from social security 7 601 6 059 6 864

Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579

ndash long-term - - -



3150

23 Issuances repurchases and repayments of debt securities

In 2016 the Group did not issue short term bonds on the domestic market at the same time not repurchasing previously issued bonds In previous periods the Issuer of bonds was Amica SA On the balance date Amicas liabilities associated with the issuance of bonds amounted to 15950000 PLN (short term liabilities) and 95692000 PLN (long term liabilities) As at the balance sheet date the terms and conditions of the issue remained unchanged compared to the terms and conditions as of 31122015



3250

24 Financial instruments

Material disclosures of hedging derivatives (including not formally representing hedges in accordance with IAS 39) are presented in the table below

Maturity dates ndash in nominal values data in thousands of PLN

Hedging derivatives

Currency Hedged item Company

Transaction nominal value in currency

Short-term instruments

(maturing before 30062017)

Long-term instruments

(maturing after 30062017)

Balance sheet

valuation of the

instrument recognised in equity

Deferred tax

Balance sheet valuation of

the instrument recognised in equity net of deferred tax

Balance sheet

valuation of the


Deferred as at

31122015



Change of the balance sheet

valuation recognised in equity as at

30062016 in relation to

31122015 net of

deferred tax

Valuation of instruments

recognized in the result of the second quarter of

2016 as at 30062016 as at 31122015

Forward contract EUR Revenue from sales Amica SA 44 400 28 400 16 000 -3 915 -744 -3 171 2 073 394 1 679 -4 850 0

Forward contract CNY Purchase of goods

Amica SA 287 000 197 000 90 000 5 154 979 4 175 5 715 1 086 4 629 -454 2 530 Amica International 530 800 298 400 -232 400 3 674 1 139 2 535 11 127 4 117 7 010 -4 475 0

Forward contract EUR Purchase of goods Hansa 4 500 4 500 0 -252 -48 -204 2 055 411 1 644 -1 848 -306

Forward contract RUB Sales receivables Amica SA 1 032 000 1 032 000 0 0 0 0 0 0 0 0 -1 934

Forward contract GBP Revenue from sales Amica SA 48 600 26 900 21 700 4 510 857 3 653 -12 572 -2 389 -10 183 13 836 -703

Forward contract CZK Revenue from sales Amica SA 364 600 254 600 110 000 -1 314 -250 -1 064 -818 -155 -663 -401 -812

Forward contract CNH Purchase of goods CDA Ltd 32 000 32 000 0 1 788 -340 1 448 0 0 0 1 448 -56

Forward contract USD Purchase of goods Amica SA 1 500 1 500 0 327 62 265 0 0 0 265 64

Forward contract USD Purchase of goods CDA Ltd 4 295 4 295 0 0 0 0 0 0 0 0 1 482

Forward contract EUR Purchase of goods CDA Ltd 1 615 1 615 0 0 0 0 0 0 0 0 306

IRS Contract PLN Investment credit Amica SA 60 150 0 60 150 -316 -61 -255 -215 -42 -173 -82

CIRS Contract GBP Net assets of the

UK company Amica SA 18 408 0 18 408 10 626 2 018 8 608 5 176 983 4 194 4 415 155

Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350

Most of the derivative instruments were designated by the Group as cash flow and fair value hedges in accordance with the requirements of IAS 39 (Derivative hedging instruments) The Group has hedged the net asset value with CIRS transactions Hedging derivatives include derivatives formally not constituting collateral in accordance with IAS 39 Other derivatives are treated as instruments held for trading (trading derivatives) All derivative instruments are valued at their fair market value established based on data from the market (exchange rates interest rates)

30062016 30062015 31122015

Fixed assets Trade derivatives Hedging derivatives 18 011 17 745 8 379

Long-term derivatives 18 011 17 745 8 379

Current assets

Trade derivatives

Hedging derivatives 17 939 41 596 27 647

Short-term derivatives 17 939 41 596 27 647

Assets - derivatives 35 950 59 341 36 026

Long term liabilities

Trade derivatives



current liabilities

Trade derivatives



Liabilities - derivatives 14 258 30 800 17 464

Information on the fair value of financial instruments

The fair value is defined as the sum for which a given asset could be exchanged and liability executed under market conditions between well informed interested and unconnected parties In the case of financial instruments for which there exists an active market their fair value is established based on parameters from the active market (sale and purchase prices) In the case of financial instruments for which there is no active market the fair price is established according to evaluation techniques with initial data of the model used at a maximum level being variable and coming from active markets (exchange rates interest rates etc) The table below presents the financial assets and liabilities measured by the Group at fair value categorised at a defined level in the fair value hierarchy

level 1 - listed prices (unadjusted) from active markets for identical assets and liabilities level 2 - initial data for valuation of assets and liabilities other than prices noted as part of level 1

observable based on variables from active markets level 3 - initial data for valuation of assets and liabilities not established based on variables from active

markets



3450

Class of financial instrument Level 1 Level 2 Level 3 Total fair market value

As at 30062016

Assets Shares in stock-exchange listed companies Stock shares in non-stock-exchange listed companies Hedging derivatives 35 950 35 950 Trade derivatives Debt securities at fair value

Total assets 0 0 35 950 35 950 Liabilities Trade derivatives Hedging derivatives 14 258 14 258 Loans at fair value

Total liabilities 0 0 14 258 14 258

Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341

Liabilities Trade derivatives Hedging derivatives 30 800 30 800 Loans at fair value


Net fair value 0 0 28 541 28 541

As at 31122015 Assets Shares in stock-exchange listed companies Stock shares in non-stock-exchange listed companies Hedging derivatives

36 026 36 026

Trade derivatives Debt securities at fair value



Net fair value 0 0 18 562 18 562 In the reporting period there were no transfers between Level 1 and Level 2 in the fair value hierarchy and none of the instruments has been moved fromto Level 3 of the fair value hierarchy



3550

25 Objectives and principles of financial risk management

In addition to derivatives the main financial instruments used by the Group include bank loans bonds finance lease cash and current deposits The main purpose of these financial instruments is to raise funds for the Groups operations The Group also possesses other financial instruments which include receivables and liabilities from deliveries and services which are formed directly in its ongoing activities The Group enters also in the transactions involving derivatives especially futures on interest rate swaps and foreign currency forward contracts The purpose of these transactions is to manage interest rate risk and currency risk arising in the course of the Groups operations and arising under the financing sources used The Group applies CIRS transactions to manage the currency risk and interest rate risks They are used to hedge the net assets The principle applied by the Group at present and throughout the period covered by the report is no trading in financial instruments The main risks arising from the Groups financial instruments include interest rate risk liquidity risk foreign currency risk and credit risk The Management Board reviews and agrees policies for managing each of these risks The Group also monitors the market price risk arising from all its financial instruments held

26 Capital management

In the period from the end of the previous financial year until the end of the second quarter of 2016 the Group did not make any significant changes to the objectives policies and procedures for capital management

27 Contingent liabilities and contingent assets

As at 30 June 2016 the Group had only a guarantees granted by the Parent Company as collateral for loans of its subsidiaries

28 Lawsuits

As at the balance sheet date there were no proceedings concerning liabilities or receivables of the Issuer or its subsidiaries whose value would be at least 10 of the Issuerrsquos equity as well as two or more proceedings related to liabilities or receivables whose total value would amount to at least 10 of the Issuerrsquos equity and accordingly there are no disclosures in this regard

29 Investment liabilities

As at 30 June 2016 the Group has committed to incur capital expenditures for tangible fixed assets amounting to 40571000 PLN These amounts will be allocated for infrastructure development and upgrade of the Cooker Factory processes

30 Used electrical and electronic equipment

On 21 October 2005 most of the provisions of the Law on Waste Electrical and Electronic Equipment (WEEE) entered into force It requires operators placing electrical and electronic equipment on the market (manufacturers and importers) to arrange and finance the collection from the sales points of waste equipment processing recovery including recycling and disposal of waste equipment From 1 January 2008 the operator placing household equipment on the market is obliged to ensure collection of waste household equipment from private households Obligations arising from these rules are implemented by the Parent Company through an agreement signed with Biosystem Elektrorecykling SA Pursuant to this agreement for the first half of 2016 the Company incurred the cost 862000 PLN associated with organising and collection of used appliances and for the first quarter of 2015 the amount was 612000 PLN



3650

31 Transactions with affiliates and subsidiaries

Amica is controlled by Holding Wronki owning 3493 of Amica SA shares The remaining shares are owned by many shareholders including employees Shareholders holding more than 5 of the shares of Amica SA are listed on page 36 The ultimate parent is a natural person who is not obliged to prepare financial statements to be made public Subsidiaries of the Company subject to consolidation as at 30062016

Unit Companys registered

office Principal economic activity

Companys percentage share in the capital Functional

currency 30 June 2016 30 June 2015 Amica International

GmbH Germany commercial activities 100 100 EUR

Amica Commerce sro the Czech Republic commercial activities 100 100 CZK

Gram Domestic AS Denmark commercial activities 100 100 DKK

Hansa OOO Russia commercial activities 100 100 RUB

Amica Far East Ltd Hong Kong purchasing process mediation services 100 100 HKD

Inteco Business Solutions Sp z oo Poland Consulting and IT services 80 80 PLN

Nova Panorama Sp z oo Poland real estate management 100 100 PLN

Nowe Centrum Sp z oo Poland real estate management 100 100 PLN Amica Handel i

Marketing Sp z oo Poland marketing and promotional services 100 100 PLN

Marcelin Management Sp z o o Poland hospitality and catering services

real estate management 100 100 PLN

Hansa Ukraina OOO Ukraine commercial activities 100 100 UAH Amica Electrodomesticos

SL Spain commercial activities 100 100 EUR

CDA Group Ltd United Kingdom commercial activities 100 - GBP

Profi Enamel Sp z oo Poland manufacturing activities 100 100 PLN

All consolidated subsidiaries prepared the financial statements as of 30062016 Entities affiliated with the Parent Company include key management staff subsidiaries subject to consolidation as well as other affiliated entities among which the Company includes entities controlled by the owners of the Company Entities affiliated with the Company include

bull Consolidated subsidiaries satisfying the definition of control in accordance with IFRS 10 mentioned above

bull Other related parties KKS Lech Poznań Fundacja Amicis Arcula Sp z oo (formerly Quota SPV 4 Spz oo) Axoneo Sp z oo (formerly Antiqua Investment Sp z oo) Sideme SA Sidepar

bull Key personnel of the Group (executives) and the Supervisory Board bull Parent companies Holding Wronki SA Invesco Sp z oo

The following table presents total value of transactions with subsidiaries for the current and the previous financial year



3750

Name of the subsidiary Revenues from core business Cost of core business

1st half of 2016 1st half of 2015 1st half of 2016 1st half of 2015 Holding Wronki SA 22 23 1 329 1 405 KKS LECH Poznań 2 409 2 319 1 531 481 Invesco Sp z oo 1 - - - Axoneo Sp z oo 3 - - - Sideme SA 10 935 - 13 - Sidepar 80 - - - Arcula Sp z oo 7 - - - Fundacja Amicis 29 23 - -

Total 13 486 2 365 2 873 1 886

Name of the subsidiary Trade receivables Trade liabilities

30062016 30062015 31122015 30062016 30062015 31122015 Holding Wronki SA 4 12 4 320 301 -

KKS LECH Poznań 4 543 3 177 4 012 65 33 68

Invesco Sp z oo 0 1 - - - -

Axoneo Sp z oo 0 0 4 - - -

Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -

Arcula Sp z oo 4 0 2 - - -

Fundacja Amicis 15 12 5 - - -

Total 7 141 3 202 6 135 385 334 68



3850

Salaries of the Key Management Personnel of the Parent Company as at 30062016 in thousands of PLN

30 June 2016 30 June 2015

The Management Board Current employee benefits (salaries and surcharges) 2 195 2 206

Post-employment benefits 55 -

Benefits paid under the incentive program 11 094 9 090

Total 13 344 11 296

The Supervisory Board Current employee benefits (salaries and surcharges) 328 292


Total 2 178 1 808

Key Management Staff Current employee benefits (salaries and surcharges) 1 388 771

Benefits paid under the incentive program 2 712 2 020 Total remuneration paid to the key management personnel (except for members of the Management Board and the Supervisory Board) 4 100 2 791

32 Events after the balance date

bull Pursuant to the Resolution of the Annual General Meeting of Shareholders of Amica Spoacutełka Akcyjna of 1 June 2016 on the dividend payment the dividend was paid to shareholders of the Company on 05 July 2016 The dividend per share paid in July 2016 concerning the year 2015 amounted to PLN 4 per share (the dividend paid for the year 2014 amounted to PLN 3 per share)

bull Pursuant to the Resolution of the Annual General Meeting of Shareholders of Amica Spoacutełka Akcyjna of 1 June 2016 the Companys name (trade name) was changed from ldquoAmica Wronki Spoacutełka Akcyjnardquo to ldquoAmica Spoacutełka Akcyjnardquo The change of the Companyrsquos name was registered with the Court on 11 August 2016 The Company has retained its current address taxpayer ID statistical ID and court registration number The change of the Companys trade name has no effect on the validity of the previously concluded agreements and contracts

33 Other information

Shareholders having directly or indirectly at least 5 of the total number of votes at General Shareholdersrsquo Meeting of Amica SA

As at 30062016 Number of shares Number of voting rights

Nominal value of shares Share of capital

Holding Wronki SA 2 715 771 5 431 542 5 431 542 3493

ING OFE 555 952 555 952 1 111 904 715

Other shareholders 4 503 550 4 505 457 9 007 100 5792

Total 7 775 273 10 492 951 15 550 546 10000

Data indicated based on the content of the notifications received by the Company from its Shareholders and drawn up under Article 69 of the Public Offering Act of July 29 2005



3950

Shares owned by the Members of the Board of Amica SA

Owners name Number of shares as at 30062016

Acquisition (disposal) of shares

Number of shares as at 31122015

Marcin Bilik 11 900 - 11 900 Alina Jankowska-Brzoacuteska 1 015 - -

Piotr Skubel 5 121 1 511 3 610 these shares are held by a person within statutory joint property of spouses Ms Alina Jankowska-Brzoacuteska was appointed to the Management Board of the Issuer on 01 June 2016 (as of 30062015 Ms Alina Jankowska-Brzoacuteska was not a member of the Management Board of Amica SA)

Shares owned by the Members of the Supervisory Board of Amica SA




Tomasz Rynarzewski 400 0 400



4050

Additional notes to the interim condensed consolidated financial statements in accordance with the provisions of the Regulation of the Minister of Finance of 19 February 2009 on current and interim reports published by issuers of securities and on conditions for recognition of the information required under the non-Member State regulations as equivalent

sect87 par4

1) In the analysed period there were no items affecting the assets liabilities equity net income or cash flows that would be unusual because of their nature value or frequency

2) Information regarding seasonality ndash note 7 3) Information regarding to inventory impairment loss and recoverable net value ndash note 15 4) Information regarding impairment of financial assets tangible assets and intangible assets ndash notes 11

12 13 5) Information on reserves ndash note 29 6) Information on reserves and deferred tax assets ndash note 9 7) No significant transactions of purchasesale of tangible fixed assets occurred during the period covered

by the report 8) No significant transactions of purchase of tangible fixed assets occurred that would give rise to

significant liabilities in this regard 9) In the analysed period there were no significant litigation settlements 10) Corrections of errors from previous periods are described in Note 5 11) No changes affecting the fair value of financial assets and liabilities occurred 12) There have been no events related to non-repayment of the loans or breaches of agreements or contracts

concluded 13) All transactions entered into within the Group have been concluded on market terms 14) There was no change in the method of determining the fair value of financial instruments 15) There were no changes in classification of financial assets 16) There were no transactions related to issues purchases and payments of non-share and equity securities 17) Information on dividends ndash note 10 18) Events after the balance sheet date ndash note 32 19) Information on contingent liabilities ndash note 27 20) There were no other events apart from those described above that could have a significant effect on the

assessment of the financial position assets or financial performance of the Issuer sect87 par7

1) Selected Financial Data ndash page 56 2) Description of the Capital Group ndash note 31 3) The Group has published no forecasts 4) Information about the shareholders ndash note 33 5) Shares held by members of the issuers management ndash note 33 6) Pending lawsuits ndash note 28 7) In the period covered by the report there were no transactions between related party that have been

concluded on the terms other than market terms 8) In the period covered by the report there were no transactions between related party that have been

concluded on the terms other than market terms 9) There were no other events apart from those which in the Issuers opinion are important to assess its

human resources assets finances financial result and their changes as well as information which is crucial in the assessment of the Issuers ability to fulfil its obligations

10) The details contained in the Report of the Management Board



4150

CONDENSED INTERIM FINANCIAL STATEMENTS OF THE ISSUER

AMICA SA

for the six months ended 30 June 2016

INTERIM CONDENSED STATEMENT OF COMPREHENSIVE INCOME OF THE ISSUER



4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015

Continued activities Revenue from sales of goods and products 737 509 672 274 364 268 320 197

Revenue from sale of services 4 445 4 429 1 723 1 880

Revenue from sales 741 954 676 703 365 991 322 077

Own sales costs 507 428 450 543 244 557 213 082

Gross profit(loss) on sales 234 526 226 160 121 434 108 995

Other operating revenue 4 495 2 791 3 707 1 144

Cost of sales 62 636 58 090 30 359 28 024

General administrative expenses 123 959 121 294 67 255 58 826

Other operating costs 7 221 10 356 6 119 3 090

Profit(loss) on operating activities 45 205 39 211 21 408 20 199

Financial revenue 46 912 25 212 44 754 23 802

Financial costs 10 975 12 268 4 517 6 228

Gross profit(loss) 81 142 52 155 61 645 37 773

Income tax 6 083 7 162 2 311 3 148

Net profit(loss) on continuing operations 75 059 44 993 59 334 34 625

Discontinued activities 0 0 0 0 Profit(loss) for the financial year on discontinued operations 0 0 0 0

Net profit(loss) for the financial year 75 059 44 993 59 334 34 625

Other total revenue

Items to be reclassified to the profit (loss) in subsequent reporting periods 12 728 -5 058 -3 412 -15 621

Net assets hedging 5 450 0 -561 0 Cash flow hedging 10 264 -6 244 -3 652 -19 285 Share in other total revenue of affiliates or subsidiaries - - - -

Income tax associated with other total revenues -2 986 1 186 801 3 664

Items not to be reclassified to the profit (loss) in subsequent reporting periods 0 51 -8 39

Revaluation of land and buildings 0 51 -8 39

Income tax associated with other total revenues - - - -



4350

Other total net revenue 12 728 -5 007 -3 420 -15 582


Profit(loss) per share

ndash basic from the profit for the period 965 579 763 367 ndash basic from the profit from continued activities for the period 965 579 763 367

ndash diluted from the profit for the period 965 579 763 367

ndash diluted from the profit from continued activities for the period 965 579 763 367



4450

Interim condensed balance sheet of the Issuer as at 30 June 2016

ASSETS 30 June 2016 30 June 2015 31 December 2015 Fixed assets 654 119 470 841 629 811 Property plant and equipment 247 321 225 282 240 803 Investment property 0 0 0 Intangible assets 28 695 22 386 23 537 Shares in subsidiaries 327 365 172 973 325 067 Investments recognized using the equity method 6 841 6 841 6 841

Derivatives 18 011 10 030 8 379 Other financial assets (non-current) 15 442 21 255 18 699 Deferred tax assets 10 444 12 074 6 485 Current Assets 580 674 522 205 544 143 Inventory 230 707 220 370 178 516 Receivables from deliveries and services and other receivables 298 727 230 115 307 857

Receivables from income tax 0 2 563 9 272 Derivative financial instruments 10 347 18 409 13 104 Other financial assets 10 159 3 180 9 549 Other non-financial assets 14 201 8 059 19 216 Cash and equivalents 16 533 39 509 6 629 Fixed assets classified as designated for sale 0 0 0

TOTAL ASSETS 1 234 793 993 046 1 173 954 LIABILITIES Equity capital allocated to shareholders of the Parent Company 593 657 500 166 537 047

Stated capital 15 551 15 551 15 551 Supplementary capital 490 838 443 536 443 553 Revaluation of hedging instruments capital 12 209 -3 914 -519 Retained profit Uncovered loss 75 059 44 993 78 462 Non-current liabilities 159 284 73 515 182 419 Interest bearing bank credits and loans 146 913 50 090 155 042 Provisions 3 398 3 371 3 960

Liabilities from net employee benefits 1 728 1 284 1 431

Other liabilities 4 741 16 080 19 351 Deferred charges and accruals 2 504 2 690 2 635 Current liabilities 481 852 419 365 454 488 Liabilities from deliveries and services and other liabilities 295 230 263 574 327 257


Derivative financial instruments 9 265 14 720 7 289 Liabilities from income tax 12 369 0 0 Deferred charges and accruals 99 283 254 Provisions 80 630 75 486 54 533

Liabilities directly associated with fixed assets classified as items for sale 0 0 0

Total liabilities 641 136 492 880 636 907 TOTAL LIABILITIES 1 234 793 993 046 1 173 954



4550

INTERIM CONDENSED CASH FLOW ACCOUNT OF THE ISSUER for the six months ended 30 June 2016

Cash flows from operating activities 1st half of 2016 1st half of 2015 31 December 2015 Gross profit(loss) 81 142 52 155 90 150 Adjustments by items -60 727 -28 785 -43 286 Depreciation 17 764 15 557 32 172 Currency translation gains (losses) -1 131 -353 -12 490 Interest and profit sharing (dividend) -38 391 -18 309 -17 528 Profit (loss) on investing activities 3 824 1 624 1 993 Change in provisions 25 832 24 788 4 631 (Increase) decrease in inventories -52 191 -74 826 -32 972 (Increase) decrease in receivables 28 095 56 193 -33 075 (Increase) decrease in liabilities except for loans or credits -51 843 -40 009 13 919

Change in prepayments and accruals -1 048 331 -1 610 Adjustment of instruments -5 267 17 178 27 724 Cash flows related to hedging 6 472 -13 159 -10 310 Other -461 6086 -22435 Income tax 8 543 -3 886 6 695 Net cash flows from operating activities 21 340 23 370 46 864 Cash flows from investment activities

Disposal of fixed assets and intangible assets 101 2 033 2 144

Purchase of fixed assets and intangible assets -31 342 -31 515 -66 541 Sale of investment in real estate - - - Acquisition of investment in real estate - - - Sales of investments in subsidiaries associates and joint ventures - - -

Purchase of investments in subsidiaries associates and joint ventures -2 075 - -138 337

Sales of other financial assets - - - Purchase of other financial assets -6 841 - -18 739 Dividends received - 9 800 18 000 Interest received 3 911 118 96 Repayment of loans granted 10 934 5 193 9 274 Loans granted -8 522 -4 557 -14 560 Trade instruments 9 976 4 779 33 529 Net cash from investing activities -23 858 -14 149 -175 134 Cash flows from financial activities Sales of own shares - - - Payment of liabilities arising from financial leases -3 316 -3 161 -3 741 Acquisition of own shares - - - Inflows from creditsloan taken 32 758 23 788 64 722 Repayment of loanscredits -11 010 -7 731 -17 071 Issuance of debt securities - 20 000 131 308 Redemption of debt securities - -20 000 -30 000 Dividends paid out - - -23 326 Interest paid -5 830 -3 703 -8 042 Other - -- Net cash from financial activities 12 602 9 193 113 850 Net increase (decrease) in cash and cash equivalents 10 084 18 414 -14 420 Balance sheet change in cash including 10 425 18 733 -14 378 Net exchange rate differences -341 -319 -42 Opening balance of cash 6 227 20 647 20 647 Closing balance of cash 16 311 39 061 6 227



4650

Interim condensed STATEMENT OF CHANGES IN THE EQUITY OF THE ISSUER for the six months ended 30 June 2016

Stated capital Supplementary capital Own shares


capital

Retained profit uncovered loss Total equity capital

As at 1 January 2016 15 551 443 553 0 -519 78 462 537 047 Net profit(loss) for the period - - - - 75 059 75 059 Other net comprehensive income for the year - 0 - 12 728 - 12 728

Comprehensive income for the year 0 0 0 12 728 75 059 87 787 Sales of own shares - - - - - 0 Allocation of profit from previous years to equity capital - 47 361 - - -47 361 0

Other changes - -76 - - - -76 Share-based payments - - - - - 0 Dividends - - - - -31 101 -31 101 Re-booking of financial result to equity capital - - - - - 0

As at 30 June 2016 15 551 490 838 0 12 209 75 059 593 657 As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506 Net profit(loss) for the period - - - - 44 993 44 993 Other net comprehensive income for the year - 51 - -5 058 - -5 007

Comprehensive income for the year 0 51 0 -5 058 44 993 39 986 Sales of own shares - - - - - 0 Allocation of profit from previous years to equity capital - 32 886 - - -32 886 0

Share-based payments - - - - - 0 Dividends - - - - -23 326 -23 326 Re-booking of financial result to equity capital - - - - - 0

As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506

Net profit(loss) for the period - - - - 78 462 78 462 Other net comprehensive income for the year - - - -1 663 - -1 663

Comprehensive income for the year 0 0 0 -1 663 78 462 76 799

Sales of own shares - - - - - 0 Allocation of profit from previous years to equity capital - - - - - 0

Other changes - 68 - - - 68

Share-based payments - - - - - 0

Dividends - - - - -23 326 -23 326 Re-booking of financial result to equity capital - 32 886 - - -32 886 0

As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850

Changes in the presentation of the Issuers financial data The Company changed the presentation of cost of sales and other operating costs In the data published for the first six months of 2015 the cost of sale related to the replacement of defective goods with new ones were recognized in the ldquoother operating expensesrdquo After the change in the presentation the costs associated with the replacement of defective goods with the new ones will adjust the costs of sale The adjustments of comparable data associated with the reclassification of the cost of replacement are presented in the following table These changes do not affect the amount of earnings per share

bull Adjustment for the first half of 2015

Before restatement Adjustment After restatement

Cost of sales 57 341 749 58 090

Other operating costs 11 105 -749 10 356

The Company changed the presentation of the deferred tax asset as well as long-term and short-term provisions

bull Adjustment of figures as of 30062015

Before restatement Adjustment After restatement Deferred tax assets 17 825 -5 751 12 074

Non-current provisions 5 751 -5 751 0

Non-current provisions 0 3 371 3 371

Current provisions 78 857 -3 371 75 486



4950

Additional notes to the interim condensed statements of the Issuer in accordance with the provisions of the Regulation of the Minister of Finance of 19 February 2009 on current and interim reports published by issuers of securities and on conditions for recognition of the information required under the non-Member State regulations as equivalent sect83 In the presented condensed interim statements of the Issuer there have been no changes in the rules adopted for preparation of the report or changes in the applied accounting principles (policy) In the period covered by the report there were no transactions between the Issuer and related parties which have been concluded on terms other than market equivalent to at least 10 of the issuers equity



5050

34 Approval for publication

This Extended Consolidated Quarterly Financial Statements prepared for the period from 01 January 2016 to 30 June 2016 (with comparative information) has been approved for publication by the Companys Management Board on 25 August 2016



Management Board







Signature of the person responsible for the drawing up of the financial statement mentioned Date Full name Position Signature 25082016 Michał Rakowski Chief Accountant -

Commercial Proxy

Consolidated Financial Statements

Amica Wronki SA for

for the 1st half of 2016

Interim financial statement complying with the requirements of IAS34

Interim Financial Reporting

Contents

Consolidated statements of Amica Wronki Group for the 1st half of 2016

- unless indicated otherwise all figures are shown in millions of PLN- this report meets the requirements of International Financial Reporting Standards (IFRS)- the contents and the date of publication of this report comply with Polish laws and regulations

2

Overview 3 Condensed financial results 5 Groups sales revenue 6 Revenue by product range 7 Situation on the market of home appliances 8 Sales by region 9 Cost of sales and general administrative expenses 14 Balance Sheet CF and indicators of the Group 16

OVERVIEW

Amica Spoacutełka Akcyjna Capital Group (Group) is composed of Amica Spoacutełka Akcyjna (Parent Company

Company) and its subsidiaries The consolidated financial statements of the Group cover the period ended 30

June 2016 and comprise comparative data for the period ended 30 June 2015

The Parent Company is registered in the register of entrepreneurs - the National Court Register maintained by

the District Court in Poznań - Nowe Miasto and Wilda in Poznań 9th Commercial Division of the National Court

Register under the number KRS 000017514

The Parent Company was issued the business statistical number REGON 570107305

The duration of the operation of the Parent Company and companies within the Group is undefined

The Groups core business is

bull Manufacture and sale of electric and gas-fired domestic appliances

bull Sale of domestic appliances

bull Sales of maintenance heating hotel and catering services

bull Rental and leasing activities

The direct parent of the Group is Amica SA The parent company of the entire Group is a natural person who is

not obliged to prepare financial statements to be made public

3 Consolidated statements of Amica Wronki Group for the 1st half of 2016

OVERVIEW

4

The Management Board as of 30 June 2016 comprised

Mr Jacek Rutkowski - President of the Management Board

Mr Jarosław Drabarek ndash Senior Vice President of the Management Board

Mr Marcin Bilik - Vice President of the Management Board

Ms Alina Jankowska-Brzoacuteska ndash Vice President of the Management Board

Mr Wojciech Kocikowski - Vice President of the Management Board

Mr Piotr Skubel ndash Vice President of the Management Board

The Supervisory Board on the 30 June 2016 was composed of

Mr Tomasz Rynarzewski - Chairman of the Supervisory Board

Mr Dariusz Formela - Independent Member of the Supervisory Board (Vice Chairman of the Supervisory

Board)

Mr Tomasz Dudek - Member of the Supervisory Board

Mr Piotr Sawala - Member of the Supervisory Board

Mr Paweł Wyrzykowski - Member of the Supervisory Board

Mr Jacek Bartmiński - Independent Member of the Supervisory Board

Amica SA is the parent company of the following companies Amica International GmbH Gram as Hansa Rosja

OOO Hansa Ukraina Amica Commerce sro Inteco Business Solutions Sp z oo Amica Far East Ltd Nova

Panorama Sp z oo Amica Handel i Marketing Sp z oo Marcelin Management Sp z o o Profi Enamel Sp z oo

Amica Electrodomesticos CDA Group Limited which together form Amica Capital Group

The parent company of Amica Capital Group is Holding Wronki SA

After the balance sheet date on 11 August 2016 the District Court registered the change of the Companyrsquos name

from ldquoAmica Wronki SArdquo to ldquoAmica SArdquo in accordance with the resolutions adopted at the AGM on 1 June 2016Consolidated statements of Amica Wronki Group for the 1st half of 2016

Condensed financial results for Q1 and Q2 2016 vs Q1 and Q2 2015

bull Groups sales revenue in the 1st half of

2016 amounted to PLN 1155 million and

increased by PLN 229 million (by 25)

bull The Group generated the EBITDA margin

higher by PLN 14 million (- 05 pp)

bull A slightly lower gross profit margin on sales

stems mainly from a decline of profits in

Russia

bull In the first half of 2016 the gross profit

increased by PLN 114 million The Group

also maintained a high profit margin of

53


Profit and loss account (millions PLN) I-IIQ2016 I-IIQ 2015 Change Dynamics

Revenue from sales 11550 9264 2286 125

Gross profit on sales 3659 3069 590 119

Gross profit on sales margin 317 331 -14pp

EBIT 703 606 97 116

Operating profit margin 61 65 -05pp

EBITDA 923 786 137 117

EBITDA margin 80 85 -05pp

Gross profit 608 495 114 123 Gross profit margin 53 53 -01pp

Net profit 501 395 106 127

Net profit margin 43 43 01pp

Weighted average of number of ordinary shares (number of shares)

7 775 273 7 7 7 5 2 7 3

Profit per ordinary share (PLN) 643 507

EBITDA calculated as operating profit + depreciation

Groups sales revenue

bull In the second quarter of 2016 the Group recorded a sales increase of PLN 130

million with an EBITDA margin of 71

bull The Group has been successfully implementing the strategy to diversify revenue by

increasing sales in the Western region whose share in sales increased to 40

bull The biggest sales growth was recorded in the West region (+64) due to acquisition

of CDA in 2015 and the higher sales of Amica International as well as in the

Northern region (+20)

bull Detailed information on the sales of goods and products in various regions are

presented later in the comments


Revenue from sales [millions PLN]

Revenue from salesEBITDA margin

Groups revenues by product groups

bull Revenues from sale of heating equipment

increased by PLN 33 million The largest increase

in sales of heating equipment was reported in

the Western region The share of products in the

total sales decreased to 49

bull One of the key components of Amica Groups

strategy is to provide the consumer with the full

range of household appliances The group

increased the sales of goods on all markets and

through CDA acquired in November last year

The sales increased by PLN 196 million


Free-standing heating equipment

Built-in heating equipment

Other heating equipment

Goods Other Group

Free-standing heating equipment Built-in heating equipment Other heating equipment Goods Other

Sale by product range [millions PLN]

Structure of revenue by product range 1H2016

Poland

bull According to GfKs market data the value ofPolish market for large household appliances in2016 increased by +46 in terms of volumeand by +66 in terms of value

bull The market structure by product category haschanged for ovens (increase from 97 to101) washing (a decrease from 246 to236) free-standing refrigeration equipment(increase from 233 to 24) free-standingcookers (from 81 to 75) while othercategories remained on the same level as in2015 (in terms of value)

bull The increase of the market for free-standingequipment was +46 while the built-inequipment increased by +99 (in terms ofvalue)

Situation on the market of home appliances


Poland

bull Amica recorded an increase in sales of +39with the market growth of +66

bull Amicas sales of hobs increased by +26refrigeration equipment by +147dishwashers by +134 ovens by +18while the sales of free-standing cookers fell by-57 and washing machines of -88

bull In the heating equipment segment Amica isthe best-selling brand on the Polish marketwith market share of 31 (in terms ofvolume)

[million PLN]

Sales by region

+39 yy

Share in total sales


West

bull The positive deviation of sales on the Germanmarket (+14) was the result of very good salesof refrigeration products (+26) heatingequipment (+11) and washing machines(+45)

bull The increase in sales in the UK market wasachieved both through CDA as well as through theexisting distribution channels

bull The increase in sales in the French market by 78in the first half of 2016 compared to 2015 resultsfrom expanding of the portfolio and higher sales offreestanding and built-in cookers

[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy


bull The sales of Gram brand increased by +126This growth was achieved thanks to higher sales inall product categories particularly dishwashers(+21) and refrigerators (+155)

bull The higher sales growth allowed to achieve highermarket share in the category of dishwashers by04 pp and built-in appliances (hobs) by 09 pp(According to FEHA)


East

bull The increase in sales yy is mainly due to the stabilizationof the political and macroeconomic situation in the area

bull HANSA Russia ndash an increase in sales in RUB by 25compared to the first half of 2015 with an increase in theshare of goods in the total sales structure According toGfK the market of heating equipment in Russia increasedby 8 while Hansa increased its market share by 17pp

bull UKRAINE ndash Maintenance of the value of sales in the firsthalf of 2016 at the level from 2015 despite the difficultmarket situation by expanding the portfolio torefrigerators and washing machines

[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy


bull In Southern Europe sales increased by +4 Morethan half of sales was attributable to Romania

bull On the Czech and Slovak markets the AmicaCommerce recorded an increase in sales of +11compared to the corresponding period last year


Cost of sales and general administrative expenses

14

bull Costs of sales in the 1st half of 2016 amounted to

PLN 131 million

bull The increase in expenses resulted primarily from the

costs of CDA

bull General administrative expenses in the first six

months amounted to PLN 157 million and were

lower by PLN 16 million The share of these costs in

the revenue amounted to 136

(-16 pp yy)


Logistics costsCost of serviceOtherShare in the sales revenue

Sales costs [millions PLN]

General administrative expenses [millions PLN]

Marketing costsOther administrative expensesThe share of costs in revenues

Balance Sheet CF and indicators of the Group

15

bull The increase in fixed assets stems primarily from the

goodwill resulting from the acquisition of CDA

bull As a result of the acquisition the Group has also

increased the level of net working capital

bull The balance of interest-bearing loans and borrowings

increased by PLN 143 million mainly due to the

bonds issued

bull Liquidity ratios remained at similar levels


Balance 30062016 30062015 Change Fixed assets 5247 4369 877 120

Current Assets 9637 7523 2113 128

Total assets 1 4985 1 1893 3092 126 Equity capital 6151 5567 585 111

Liabilities and provisions 8834 6326 2508 140

Non-current liabilities 1704 799 904 213

Current liabilities 7130 5527 1603 129


Cash Flow 30062016 30062015 Change Cash flow on operating activities 430 372 58

Cash flow on investment activities -312 -326 14 Cash flow on financial activities -36 04 -40

Net cash flows 81 50 31

KPIs 30062016 30062015 Dynamics

Current ratio 135 136 -001

Quick ratio 078 078 001

Liability ratio 589 532 58pp

Net working capital 3828 2504 1324

Signatures of Members of the Board

Date Full name Position Signature

25 August 2016 Jacek Rutkowski President of the Management Board

25 August 2016 Jarosław Drabarek First Vice President of the Management Board

25 August 2016 Marcin Bilik Vice President of the Management Board

25 August 2016 Alina Jankowska-Brzoacuteska Vice President of the Management Board

25 August 2016 Wojciech Kocikowski Vice President of the Management Board

25 August 2016 Piotr Skubel Vice President of the Management Board


EN_raport bieglego

EN_Skonsolidowane Sprawozdanie Finansowe Grupy AWSA I poacutełrocze 2016 - wersja ostateczna do publikacji na Giełdę

Selected Consolidated Financial Data of the Capital Group

Selected financial data of the Issuer

Interim condensed consolidated statement of comprehensive income

Interim condensed consolidated balance sheet

Interim condensed cash flow account

Interim condensed consolidated statement of changes in equity

Additional explanatory notes

1 Overview





Data for the first six months of 2015

Data for the second quarter of 2015



8 Revenue and costs

81 Other operating revenue

82 Other operating costs

83 Costs by type

9 Income tax




As at 30 June 2016 the investment properties were tested for impairment As at 30 June 2016 there were no indications of impairment of investment properties A detailed description of the property is included in the Consolidated Financial Statements


14 Other assets



15 Inventory




The value of assets held for sale as at the balance sheet date amounted to PLN 10167000 and corresponds to the price stated in the purchase bid In the first half of 2016 there were no changes in relation to the value as of 31 December 2015 At the



21 Provisions





In 2016 the Group did not issue short term bonds on the domestic market at the same time not repurchasing previously issued bonds In previous periods the Issuer of bonds was Amica SA On the balance date Amicas liabilities associated with the iss





28 Lawsuits








Additional notes to the interim condensed consolidated financial statements in accordance with the provisions of the Regulation of the Minister of Finance of 19 February 2009 on current and interim reports published by issuers of securities and on con

Interim condensed statement of comprehensive income of the ISSUER

Interim condensed statement of changes in the equity of the Issuer

Additional notes to the interim condensed statements of the Issuer in accordance with the provisions of the Regulation of the Minister of Finance of 19 February 2009 on current and interim reports published by issuers of securities and on conditions f


EN_Komentarz Zarządu Amica Wronki S A za 2 kwartał 2016_wersja_ostateczna

Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change

Cash flow on operating activities

430

372

58

Cash flow on investment activities

-312

-326

14

Cash flow on financial activities

-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111

Liabilities and provisions

8834

6326

2508

140

Non-current liabilities

1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126

Profit and loss account (millions PLN)

I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125

Gross profit on sales

3659

3069

590

119

Gross profit on sales margin

317

331

-14pp

EBIT

703

606

97

116

Operating profit margin

61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273

Profit per ordinary share (PLN)

643

507


Statutory auditor No 9530 Key statutory auditor conducting the examination on behalf of Grant Thornton Polska Spoacutełka z ograniczoną

odpowiedzialnością sp k Poznań ul Abpa Antoniego Baraniaka 88 E an entity authorised to examine financial statements registration number 4055

3 The examination of the report was conducted according to the provisions

- Accounting Act dated 29 September 1994 (consolidated text Journal of Laws of 2016 item 1047)

mdash the national financial reviewing standards issued by the National Council of Statutory Auditors

The standards referred to above oblige us to plan and conduct the examination in such a manner in order to obtain sufficient certainty that the audited separate and consolidated financial statements do not contain significant irregularities

The examination focused primarily on analysis of the condensed interim consolidated and separate financial statements examination of the companys ledgers and cross-referencing information obtained from the Management Board and from the personnel responsible for the Companys finances and accounting

The scope and method of review of the financial statements materially differs from the studies underlying the opinions expressed on compliance and the accuracy and clarity of annual financial statements with the applicable accounting rules (policy) and thus we cannot offer such an opinion regarding the attached condensed interim consolidated and separate financial statements

4 Our review has not identified anything that would not allow us to conclude that the condensed interim consolidated and separate financial statements have been prepared in all material respects in accordance with International Accounting Standard 34 Interim Financial Reporting issued in the form of regulations of the European Commission

5 Not making reservations concerning the propriety and reliability of the examined condensed interim consolidated financial statement and condensed interim financial statement we draw attention to the question below

a In the note 16 of the consolidated financial statements the Management Board of the parent company reported the existence of a trade receivable of the subsidiary in the amount of PLN 79 million due from the company subject to the insolvency proceedings The fee was not included in the write-down due to the fact that it was covered by insurance The Management Board of the parent company announced that the amount receivable is claimed from the insurer in court According to the Management Board of the parent company the positive outcome of the dispute before the court is highly unlikely

Poznań 25 August 2016

copy2016 Grant Thornton Polska Spoacutełka z ograniczoną odpowiedzialnością sp k All rights reserved

Jan Letkiewicz






250




350





Management Board
























650



1st half of 2015

2nd quarter 2016

2nd quarter 2015










750









643 507 273 226



643 507 273 226




850











950


1st half of 2016

1st half of 2015

31 December
















Stated capital


Own shares


a foreign entity


capital




Non-controlling

interest











Stated capital


Own shares

Exchange gain

(loss) of a foreign

entity


capital


benefit plan



Non-controlling

interest


As at 1 January 2015 15 551 413 392 0 -4 215 14 526 -1 630 9 142 88 452 535 218 -1 293 533 925





Dividends - -200 - - - - - -23 326 -23 526 - -23 526

Other changes - 68 - - - - - - 68 - 68

As at 31 December 2015 15 551 450 793 0 -12 761 8 135 -777 9 142 124 765 594 848 -1 280 593 568



1250


1 Overview












1350










replacements

10 507

Cost of sales 97 821 749 98 570




1450






5 937 -420


replacements


replacements 49 219











1550



equipment

Built-in heating

equipment

Other heating



Own sales costs 200 127 108 872 51 084 417 062 11 950 789 094










equipment

Built-in heating

equipment


nt

Goods Other Total


Own sales costs 187 959 97 358 39 568 283 422 11 210 619 517










heating equipment

Built-in heating

equipment


nt

Goods Other Total






1650



8 Revenue and costs










6 409 3 975



1750




Donations 364 810









13 984 10 507

83 Costs by type





expenses 157 036 141 186





1850

9 Income tax













1950


Land Buildings

and structures


Means of transport





Total fixed assets









2050


Land Buildings

and structures


Means of transport





Total fixed assets













2150


Land Buildings

and structures


Means of transport





Total fixed assets







2250













2350


Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets



intangible assets











2450

Trademarks

Patents and

licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets









2550

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets



- -89 -830 - - - -8 084 -139 -9 142


- - -4 097







The CDA Group 19 285 - 21 718






2650

14 Other assets



Loans granted 24 436 18 630 23 530



Others 145 145 145

Total 25 029 19 322 24 113


ndash long-term 14 071 15 506 14 729







2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507







250




350





Management Board
























650



1st half of 2015

2nd quarter 2016

2nd quarter 2015










750









643 507 273 226



643 507 273 226




850











950


1st half of 2016

1st half of 2015

31 December
















Stated capital


Own shares


a foreign entity


capital




Non-controlling

interest











Stated capital


Own shares

Exchange gain

(loss) of a foreign

entity


capital


benefit plan



Non-controlling

interest


As at 1 January 2015 15 551 413 392 0 -4 215 14 526 -1 630 9 142 88 452 535 218 -1 293 533 925





Dividends - -200 - - - - - -23 326 -23 526 - -23 526

Other changes - 68 - - - - - - 68 - 68

As at 31 December 2015 15 551 450 793 0 -12 761 8 135 -777 9 142 124 765 594 848 -1 280 593 568



1250


1 Overview












1350










replacements

10 507

Cost of sales 97 821 749 98 570




1450






5 937 -420


replacements


replacements 49 219











1550



equipment

Built-in heating

equipment

Other heating



Own sales costs 200 127 108 872 51 084 417 062 11 950 789 094










equipment

Built-in heating

equipment


nt

Goods Other Total


Own sales costs 187 959 97 358 39 568 283 422 11 210 619 517










heating equipment

Built-in heating

equipment


nt

Goods Other Total






1650



8 Revenue and costs










6 409 3 975



1750




Donations 364 810









13 984 10 507

83 Costs by type





expenses 157 036 141 186





1850

9 Income tax













1950


Land Buildings

and structures


Means of transport





Total fixed assets









2050


Land Buildings

and structures


Means of transport





Total fixed assets













2150


Land Buildings

and structures


Means of transport





Total fixed assets







2250













2350


Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets



intangible assets











2450

Trademarks

Patents and

licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets









2550

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets



- -89 -830 - - - -8 084 -139 -9 142


- - -4 097







The CDA Group 19 285 - 21 718






2650

14 Other assets



Loans granted 24 436 18 630 23 530



Others 145 145 145

Total 25 029 19 322 24 113


ndash long-term 14 071 15 506 14 729







2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




350





Management Board
























650



1st half of 2015

2nd quarter 2016

2nd quarter 2015










750









643 507 273 226



643 507 273 226




850











950


1st half of 2016

1st half of 2015

31 December
















Stated capital


Own shares


a foreign entity


capital




Non-controlling

interest











Stated capital


Own shares

Exchange gain

(loss) of a foreign

entity


capital


benefit plan



Non-controlling

interest


As at 1 January 2015 15 551 413 392 0 -4 215 14 526 -1 630 9 142 88 452 535 218 -1 293 533 925





Dividends - -200 - - - - - -23 326 -23 526 - -23 526

Other changes - 68 - - - - - - 68 - 68

As at 31 December 2015 15 551 450 793 0 -12 761 8 135 -777 9 142 124 765 594 848 -1 280 593 568



1250


1 Overview












1350










replacements

10 507

Cost of sales 97 821 749 98 570




1450






5 937 -420


replacements


replacements 49 219











1550



equipment

Built-in heating

equipment

Other heating



Own sales costs 200 127 108 872 51 084 417 062 11 950 789 094










equipment

Built-in heating

equipment


nt

Goods Other Total


Own sales costs 187 959 97 358 39 568 283 422 11 210 619 517










heating equipment

Built-in heating

equipment


nt

Goods Other Total






1650



8 Revenue and costs










6 409 3 975



1750




Donations 364 810









13 984 10 507

83 Costs by type





expenses 157 036 141 186





1850

9 Income tax













1950


Land Buildings

and structures


Means of transport





Total fixed assets









2050


Land Buildings

and structures


Means of transport





Total fixed assets













2150


Land Buildings

and structures


Means of transport





Total fixed assets







2250













2350


Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets



intangible assets











2450

Trademarks

Patents and

licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets









2550

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets



- -89 -830 - - - -8 084 -139 -9 142


- - -4 097







The CDA Group 19 285 - 21 718






2650

14 Other assets



Loans granted 24 436 18 630 23 530



Others 145 145 145

Total 25 029 19 322 24 113


ndash long-term 14 071 15 506 14 729







2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507



















650



1st half of 2015

2nd quarter 2016

2nd quarter 2015










750









643 507 273 226



643 507 273 226




850











950


1st half of 2016

1st half of 2015

31 December
















Stated capital


Own shares


a foreign entity


capital




Non-controlling

interest











Stated capital


Own shares

Exchange gain

(loss) of a foreign

entity


capital


benefit plan



Non-controlling

interest


As at 1 January 2015 15 551 413 392 0 -4 215 14 526 -1 630 9 142 88 452 535 218 -1 293 533 925





Dividends - -200 - - - - - -23 326 -23 526 - -23 526

Other changes - 68 - - - - - - 68 - 68

As at 31 December 2015 15 551 450 793 0 -12 761 8 135 -777 9 142 124 765 594 848 -1 280 593 568



1250


1 Overview












1350










replacements

10 507

Cost of sales 97 821 749 98 570




1450






5 937 -420


replacements


replacements 49 219











1550



equipment

Built-in heating

equipment

Other heating



Own sales costs 200 127 108 872 51 084 417 062 11 950 789 094










equipment

Built-in heating

equipment


nt

Goods Other Total


Own sales costs 187 959 97 358 39 568 283 422 11 210 619 517










heating equipment

Built-in heating

equipment


nt

Goods Other Total






1650



8 Revenue and costs










6 409 3 975



1750




Donations 364 810









13 984 10 507

83 Costs by type





expenses 157 036 141 186





1850

9 Income tax













1950


Land Buildings

and structures


Means of transport





Total fixed assets









2050


Land Buildings

and structures


Means of transport





Total fixed assets













2150


Land Buildings

and structures


Means of transport





Total fixed assets







2250













2350


Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets



intangible assets











2450

Trademarks

Patents and

licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets









2550

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets



- -89 -830 - - - -8 084 -139 -9 142


- - -4 097







The CDA Group 19 285 - 21 718






2650

14 Other assets



Loans granted 24 436 18 630 23 530



Others 145 145 145

Total 25 029 19 322 24 113


ndash long-term 14 071 15 506 14 729







2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507





750









643 507 273 226



643 507 273 226




850











950


1st half of 2016

1st half of 2015

31 December
















Stated capital


Own shares


a foreign entity


capital




Non-controlling

interest











Stated capital


Own shares

Exchange gain

(loss) of a foreign

entity


capital


benefit plan



Non-controlling

interest


As at 1 January 2015 15 551 413 392 0 -4 215 14 526 -1 630 9 142 88 452 535 218 -1 293 533 925





Dividends - -200 - - - - - -23 326 -23 526 - -23 526

Other changes - 68 - - - - - - 68 - 68

As at 31 December 2015 15 551 450 793 0 -12 761 8 135 -777 9 142 124 765 594 848 -1 280 593 568



1250


1 Overview












1350










replacements

10 507

Cost of sales 97 821 749 98 570




1450






5 937 -420


replacements


replacements 49 219











1550



equipment

Built-in heating

equipment

Other heating



Own sales costs 200 127 108 872 51 084 417 062 11 950 789 094










equipment

Built-in heating

equipment


nt

Goods Other Total


Own sales costs 187 959 97 358 39 568 283 422 11 210 619 517










heating equipment

Built-in heating

equipment


nt

Goods Other Total






1650



8 Revenue and costs










6 409 3 975



1750




Donations 364 810









13 984 10 507

83 Costs by type





expenses 157 036 141 186





1850

9 Income tax













1950


Land Buildings

and structures


Means of transport





Total fixed assets









2050


Land Buildings

and structures


Means of transport





Total fixed assets













2150


Land Buildings

and structures


Means of transport





Total fixed assets







2250













2350


Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets



intangible assets











2450

Trademarks

Patents and

licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets









2550

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets



- -89 -830 - - - -8 084 -139 -9 142


- - -4 097







The CDA Group 19 285 - 21 718






2650

14 Other assets



Loans granted 24 436 18 630 23 530



Others 145 145 145

Total 25 029 19 322 24 113


ndash long-term 14 071 15 506 14 729







2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507





850











950


1st half of 2016

1st half of 2015

31 December
















Stated capital


Own shares


a foreign entity


capital




Non-controlling

interest











Stated capital


Own shares

Exchange gain

(loss) of a foreign

entity


capital


benefit plan



Non-controlling

interest


As at 1 January 2015 15 551 413 392 0 -4 215 14 526 -1 630 9 142 88 452 535 218 -1 293 533 925





Dividends - -200 - - - - - -23 326 -23 526 - -23 526

Other changes - 68 - - - - - - 68 - 68

As at 31 December 2015 15 551 450 793 0 -12 761 8 135 -777 9 142 124 765 594 848 -1 280 593 568



1250


1 Overview












1350










replacements

10 507

Cost of sales 97 821 749 98 570




1450






5 937 -420


replacements


replacements 49 219











1550



equipment

Built-in heating

equipment

Other heating



Own sales costs 200 127 108 872 51 084 417 062 11 950 789 094










equipment

Built-in heating

equipment


nt

Goods Other Total


Own sales costs 187 959 97 358 39 568 283 422 11 210 619 517










heating equipment

Built-in heating

equipment


nt

Goods Other Total






1650



8 Revenue and costs










6 409 3 975



1750




Donations 364 810









13 984 10 507

83 Costs by type





expenses 157 036 141 186





1850

9 Income tax













1950


Land Buildings

and structures


Means of transport





Total fixed assets









2050


Land Buildings

and structures


Means of transport





Total fixed assets













2150


Land Buildings

and structures


Means of transport





Total fixed assets







2250













2350


Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets



intangible assets











2450

Trademarks

Patents and

licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets









2550

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets



- -89 -830 - - - -8 084 -139 -9 142


- - -4 097







The CDA Group 19 285 - 21 718






2650

14 Other assets



Loans granted 24 436 18 630 23 530



Others 145 145 145

Total 25 029 19 322 24 113


ndash long-term 14 071 15 506 14 729







2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507





950


1st half of 2016

1st half of 2015

31 December
















Stated capital


Own shares


a foreign entity


capital




Non-controlling

interest











Stated capital


Own shares

Exchange gain

(loss) of a foreign

entity


capital


benefit plan



Non-controlling

interest


As at 1 January 2015 15 551 413 392 0 -4 215 14 526 -1 630 9 142 88 452 535 218 -1 293 533 925





Dividends - -200 - - - - - -23 326 -23 526 - -23 526

Other changes - 68 - - - - - - 68 - 68

As at 31 December 2015 15 551 450 793 0 -12 761 8 135 -777 9 142 124 765 594 848 -1 280 593 568



1250


1 Overview












1350










replacements

10 507

Cost of sales 97 821 749 98 570




1450






5 937 -420


replacements


replacements 49 219











1550



equipment

Built-in heating

equipment

Other heating



Own sales costs 200 127 108 872 51 084 417 062 11 950 789 094










equipment

Built-in heating

equipment


nt

Goods Other Total


Own sales costs 187 959 97 358 39 568 283 422 11 210 619 517










heating equipment

Built-in heating

equipment


nt

Goods Other Total






1650



8 Revenue and costs










6 409 3 975



1750




Donations 364 810









13 984 10 507

83 Costs by type





expenses 157 036 141 186





1850

9 Income tax













1950


Land Buildings

and structures


Means of transport





Total fixed assets









2050


Land Buildings

and structures


Means of transport





Total fixed assets













2150


Land Buildings

and structures


Means of transport





Total fixed assets







2250













2350


Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets



intangible assets











2450

Trademarks

Patents and

licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets









2550

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets



- -89 -830 - - - -8 084 -139 -9 142


- - -4 097







The CDA Group 19 285 - 21 718






2650

14 Other assets



Loans granted 24 436 18 630 23 530



Others 145 145 145

Total 25 029 19 322 24 113


ndash long-term 14 071 15 506 14 729







2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507






Stated capital


Own shares


a foreign entity


capital




Non-controlling

interest











Stated capital


Own shares

Exchange gain

(loss) of a foreign

entity


capital


benefit plan



Non-controlling

interest


As at 1 January 2015 15 551 413 392 0 -4 215 14 526 -1 630 9 142 88 452 535 218 -1 293 533 925





Dividends - -200 - - - - - -23 326 -23 526 - -23 526

Other changes - 68 - - - - - - 68 - 68

As at 31 December 2015 15 551 450 793 0 -12 761 8 135 -777 9 142 124 765 594 848 -1 280 593 568



1250


1 Overview












1350










replacements

10 507

Cost of sales 97 821 749 98 570




1450






5 937 -420


replacements


replacements 49 219











1550



equipment

Built-in heating

equipment

Other heating



Own sales costs 200 127 108 872 51 084 417 062 11 950 789 094










equipment

Built-in heating

equipment


nt

Goods Other Total


Own sales costs 187 959 97 358 39 568 283 422 11 210 619 517










heating equipment

Built-in heating

equipment


nt

Goods Other Total






1650



8 Revenue and costs










6 409 3 975



1750




Donations 364 810









13 984 10 507

83 Costs by type





expenses 157 036 141 186





1850

9 Income tax













1950


Land Buildings

and structures


Means of transport





Total fixed assets









2050


Land Buildings

and structures


Means of transport





Total fixed assets













2150


Land Buildings

and structures


Means of transport





Total fixed assets







2250













2350


Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets



intangible assets











2450

Trademarks

Patents and

licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets









2550

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets



- -89 -830 - - - -8 084 -139 -9 142


- - -4 097







The CDA Group 19 285 - 21 718






2650

14 Other assets



Loans granted 24 436 18 630 23 530



Others 145 145 145

Total 25 029 19 322 24 113


ndash long-term 14 071 15 506 14 729







2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507






Stated capital


Own shares

Exchange gain

(loss) of a foreign

entity


capital


benefit plan



Non-controlling

interest


As at 1 January 2015 15 551 413 392 0 -4 215 14 526 -1 630 9 142 88 452 535 218 -1 293 533 925





Dividends - -200 - - - - - -23 326 -23 526 - -23 526

Other changes - 68 - - - - - - 68 - 68

As at 31 December 2015 15 551 450 793 0 -12 761 8 135 -777 9 142 124 765 594 848 -1 280 593 568



1250


1 Overview












1350










replacements

10 507

Cost of sales 97 821 749 98 570




1450






5 937 -420


replacements


replacements 49 219











1550



equipment

Built-in heating

equipment

Other heating



Own sales costs 200 127 108 872 51 084 417 062 11 950 789 094










equipment

Built-in heating

equipment


nt

Goods Other Total


Own sales costs 187 959 97 358 39 568 283 422 11 210 619 517










heating equipment

Built-in heating

equipment


nt

Goods Other Total






1650



8 Revenue and costs










6 409 3 975



1750




Donations 364 810









13 984 10 507

83 Costs by type





expenses 157 036 141 186





1850

9 Income tax













1950


Land Buildings

and structures


Means of transport





Total fixed assets









2050


Land Buildings

and structures


Means of transport





Total fixed assets













2150


Land Buildings

and structures


Means of transport





Total fixed assets







2250













2350


Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets



intangible assets











2450

Trademarks

Patents and

licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets









2550

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets



- -89 -830 - - - -8 084 -139 -9 142


- - -4 097







The CDA Group 19 285 - 21 718






2650

14 Other assets



Loans granted 24 436 18 630 23 530



Others 145 145 145

Total 25 029 19 322 24 113


ndash long-term 14 071 15 506 14 729







2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




1250


1 Overview












1350










replacements

10 507

Cost of sales 97 821 749 98 570




1450






5 937 -420


replacements


replacements 49 219











1550



equipment

Built-in heating

equipment

Other heating



Own sales costs 200 127 108 872 51 084 417 062 11 950 789 094










equipment

Built-in heating

equipment


nt

Goods Other Total


Own sales costs 187 959 97 358 39 568 283 422 11 210 619 517










heating equipment

Built-in heating

equipment


nt

Goods Other Total






1650



8 Revenue and costs










6 409 3 975



1750




Donations 364 810









13 984 10 507

83 Costs by type





expenses 157 036 141 186





1850

9 Income tax













1950


Land Buildings

and structures


Means of transport





Total fixed assets









2050


Land Buildings

and structures


Means of transport





Total fixed assets













2150


Land Buildings

and structures


Means of transport





Total fixed assets







2250













2350


Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets



intangible assets











2450

Trademarks

Patents and

licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets









2550

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets



- -89 -830 - - - -8 084 -139 -9 142


- - -4 097







The CDA Group 19 285 - 21 718






2650

14 Other assets



Loans granted 24 436 18 630 23 530



Others 145 145 145

Total 25 029 19 322 24 113


ndash long-term 14 071 15 506 14 729







2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




1350










replacements

10 507

Cost of sales 97 821 749 98 570




1450






5 937 -420


replacements


replacements 49 219











1550



equipment

Built-in heating

equipment

Other heating



Own sales costs 200 127 108 872 51 084 417 062 11 950 789 094










equipment

Built-in heating

equipment


nt

Goods Other Total


Own sales costs 187 959 97 358 39 568 283 422 11 210 619 517










heating equipment

Built-in heating

equipment


nt

Goods Other Total






1650



8 Revenue and costs










6 409 3 975



1750




Donations 364 810









13 984 10 507

83 Costs by type





expenses 157 036 141 186





1850

9 Income tax













1950


Land Buildings

and structures


Means of transport





Total fixed assets









2050


Land Buildings

and structures


Means of transport





Total fixed assets













2150


Land Buildings

and structures


Means of transport





Total fixed assets







2250













2350


Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets



intangible assets











2450

Trademarks

Patents and

licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets









2550

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets



- -89 -830 - - - -8 084 -139 -9 142


- - -4 097







The CDA Group 19 285 - 21 718






2650

14 Other assets



Loans granted 24 436 18 630 23 530



Others 145 145 145

Total 25 029 19 322 24 113


ndash long-term 14 071 15 506 14 729







2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




1450






5 937 -420


replacements


replacements 49 219











1550



equipment

Built-in heating

equipment

Other heating



Own sales costs 200 127 108 872 51 084 417 062 11 950 789 094










equipment

Built-in heating

equipment


nt

Goods Other Total


Own sales costs 187 959 97 358 39 568 283 422 11 210 619 517










heating equipment

Built-in heating

equipment


nt

Goods Other Total






1650



8 Revenue and costs










6 409 3 975



1750




Donations 364 810









13 984 10 507

83 Costs by type





expenses 157 036 141 186





1850

9 Income tax













1950


Land Buildings

and structures


Means of transport





Total fixed assets









2050


Land Buildings

and structures


Means of transport





Total fixed assets













2150


Land Buildings

and structures


Means of transport





Total fixed assets







2250













2350


Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets



intangible assets











2450

Trademarks

Patents and

licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets









2550

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets



- -89 -830 - - - -8 084 -139 -9 142


- - -4 097







The CDA Group 19 285 - 21 718






2650

14 Other assets



Loans granted 24 436 18 630 23 530



Others 145 145 145

Total 25 029 19 322 24 113


ndash long-term 14 071 15 506 14 729







2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




1550



equipment

Built-in heating

equipment

Other heating



Own sales costs 200 127 108 872 51 084 417 062 11 950 789 094










equipment

Built-in heating

equipment


nt

Goods Other Total


Own sales costs 187 959 97 358 39 568 283 422 11 210 619 517










heating equipment

Built-in heating

equipment


nt

Goods Other Total






1650



8 Revenue and costs










6 409 3 975



1750




Donations 364 810









13 984 10 507

83 Costs by type





expenses 157 036 141 186





1850

9 Income tax













1950


Land Buildings

and structures


Means of transport





Total fixed assets









2050


Land Buildings

and structures


Means of transport





Total fixed assets













2150


Land Buildings

and structures


Means of transport





Total fixed assets







2250













2350


Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets



intangible assets











2450

Trademarks

Patents and

licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets









2550

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets



- -89 -830 - - - -8 084 -139 -9 142


- - -4 097







The CDA Group 19 285 - 21 718






2650

14 Other assets



Loans granted 24 436 18 630 23 530



Others 145 145 145

Total 25 029 19 322 24 113


ndash long-term 14 071 15 506 14 729







2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




1650



8 Revenue and costs










6 409 3 975



1750




Donations 364 810









13 984 10 507

83 Costs by type





expenses 157 036 141 186





1850

9 Income tax













1950


Land Buildings

and structures


Means of transport





Total fixed assets









2050


Land Buildings

and structures


Means of transport





Total fixed assets













2150


Land Buildings

and structures


Means of transport





Total fixed assets







2250













2350


Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets



intangible assets











2450

Trademarks

Patents and

licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets









2550

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets



- -89 -830 - - - -8 084 -139 -9 142


- - -4 097







The CDA Group 19 285 - 21 718






2650

14 Other assets



Loans granted 24 436 18 630 23 530



Others 145 145 145

Total 25 029 19 322 24 113


ndash long-term 14 071 15 506 14 729







2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




1750




Donations 364 810









13 984 10 507

83 Costs by type





expenses 157 036 141 186





1850

9 Income tax













1950


Land Buildings

and structures


Means of transport





Total fixed assets









2050


Land Buildings

and structures


Means of transport





Total fixed assets













2150


Land Buildings

and structures


Means of transport





Total fixed assets







2250













2350


Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets



intangible assets











2450

Trademarks

Patents and

licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets









2550

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets



- -89 -830 - - - -8 084 -139 -9 142


- - -4 097







The CDA Group 19 285 - 21 718






2650

14 Other assets



Loans granted 24 436 18 630 23 530



Others 145 145 145

Total 25 029 19 322 24 113


ndash long-term 14 071 15 506 14 729







2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




1850

9 Income tax













1950


Land Buildings

and structures


Means of transport





Total fixed assets









2050


Land Buildings

and structures


Means of transport





Total fixed assets













2150


Land Buildings

and structures


Means of transport





Total fixed assets







2250













2350


Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets



intangible assets











2450

Trademarks

Patents and

licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets









2550

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets



- -89 -830 - - - -8 084 -139 -9 142


- - -4 097







The CDA Group 19 285 - 21 718






2650

14 Other assets



Loans granted 24 436 18 630 23 530



Others 145 145 145

Total 25 029 19 322 24 113


ndash long-term 14 071 15 506 14 729







2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




1950


Land Buildings

and structures


Means of transport





Total fixed assets









2050


Land Buildings

and structures


Means of transport





Total fixed assets













2150


Land Buildings

and structures


Means of transport





Total fixed assets







2250













2350


Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets



intangible assets











2450

Trademarks

Patents and

licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets









2550

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets



- -89 -830 - - - -8 084 -139 -9 142


- - -4 097







The CDA Group 19 285 - 21 718






2650

14 Other assets



Loans granted 24 436 18 630 23 530



Others 145 145 145

Total 25 029 19 322 24 113


ndash long-term 14 071 15 506 14 729







2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




2050


Land Buildings

and structures


Means of transport





Total fixed assets













2150


Land Buildings

and structures


Means of transport





Total fixed assets







2250













2350


Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets



intangible assets











2450

Trademarks

Patents and

licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets









2550

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets



- -89 -830 - - - -8 084 -139 -9 142


- - -4 097







The CDA Group 19 285 - 21 718






2650

14 Other assets



Loans granted 24 436 18 630 23 530



Others 145 145 145

Total 25 029 19 322 24 113


ndash long-term 14 071 15 506 14 729







2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




2150


Land Buildings

and structures


Means of transport





Total fixed assets







2250













2350


Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets



intangible assets











2450

Trademarks

Patents and

licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets









2550

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets



- -89 -830 - - - -8 084 -139 -9 142


- - -4 097







The CDA Group 19 285 - 21 718






2650

14 Other assets



Loans granted 24 436 18 630 23 530



Others 145 145 145

Total 25 029 19 322 24 113


ndash long-term 14 071 15 506 14 729







2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




2250













2350


Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets



intangible assets











2450

Trademarks

Patents and

licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets









2550

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets



- -89 -830 - - - -8 084 -139 -9 142


- - -4 097







The CDA Group 19 285 - 21 718






2650

14 Other assets



Loans granted 24 436 18 630 23 530



Others 145 145 145

Total 25 029 19 322 24 113


ndash long-term 14 071 15 506 14 729







2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




2350


Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets



intangible assets











2450

Trademarks

Patents and

licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets









2550

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets



- -89 -830 - - - -8 084 -139 -9 142


- - -4 097







The CDA Group 19 285 - 21 718






2650

14 Other assets



Loans granted 24 436 18 630 23 530



Others 145 145 145

Total 25 029 19 322 24 113


ndash long-term 14 071 15 506 14 729







2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




2450

Trademarks

Patents and

licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets









2550

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets



- -89 -830 - - - -8 084 -139 -9 142


- - -4 097







The CDA Group 19 285 - 21 718






2650

14 Other assets



Loans granted 24 436 18 630 23 530



Others 145 145 145

Total 25 029 19 322 24 113


ndash long-term 14 071 15 506 14 729







2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




2550

Trademarks Patents

and licenses

Computer software

Cost of completed

development work

Goodwill Other

intangible assets


Advance payments

for intangible

assets



- -89 -830 - - - -8 084 -139 -9 142


- - -4 097







The CDA Group 19 285 - 21 718






2650

14 Other assets



Loans granted 24 436 18 630 23 530



Others 145 145 145

Total 25 029 19 322 24 113


ndash long-term 14 071 15 506 14 729







2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




2650

14 Other assets



Loans granted 24 436 18 630 23 530



Others 145 145 145

Total 25 029 19 322 24 113


ndash long-term 14 071 15 506 14 729







2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




2750

15 Inventory


















2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




2850



90 ndash 180 days


30 June 2016 423 502 341 964 51 777 14 720 11 452 2 885 1 582

30 June 2015 294 964 251 098 22 409 6 019 5 419 4 042 5 977

31 December 2015 401 537 356 539 32 104 4 108 1 975 1 320 5 491






Others 0 1 0

74 675 60 966 66 580







2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




2950







21 Provisions


30062016

30062015

31122015

30062016

30062015

31122015







3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




3050







315 470 274 241 355 228



Other liabilities


Total 446 846 370 351 445 937




90 ndash 180 days


30 June 2016 315 470 10 064 168 222 131 279 5 754 151 0

30 June 2015 274 241 15 085 130 615 121 819 5 977 745 0

31 December 2015 355 228 11 257 178 874 158 360 5 981 756 0




Value Added Tax 31 351 21 802 25 739



Other 1 788 3 094 4 766

Total 45 028 34 590 39 579

ndash short-term 45 028 34 590 39 579




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




3150





3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




3250




Hedging derivatives







Balance sheet

valuation of the


Deferred tax



Balance sheet

valuation of the


Deferred as at

31122015






31122015 net of

deferred tax



2016 as at 30062016 as at 31122015















Total 20 283 3 613 15 990 12 541 4 404 8 137 7 854 726



3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




3350


30062016 30062015 31122015



Current assets

Trade derivatives





Trade derivatives



current liabilities

Trade derivatives








markets



3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




3450


As at 30062016




Net fair value 0 0 21 692 21 692

As at 30062015


Total assets 0 0 59 341 59 341



Net fair value 0 0 28 541 28 541


36 026 36 026







3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




3550







28 Lawsuits








3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




3650





























3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




3750



Total 13 486 2 365 2 873 1 886



KKS LECH Poznań 4 543 3 177 4 012 65 33 68



Sideme SA 2 543 0 2 072 - - -

Sidepar 32 0 36 - - -



Total 7 141 3 202 6 135 385 334 68



3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




3850


30 June 2016 30 June 2015




Total 13 344 11 296



Total 2 178 1 808











ING OFE 555 952 555 952 1 111 904 715


Total 7 775 273 10 492 951 15 550 546 10000




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




3950














4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




4050


sect87 par4















4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




4150


AMICA SA





4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




4250


1st half of 2016

1st half of 2015

2 quarters of 2016

2 quarters of 2015




Own sales costs 507 428 450 543 244 557 213 082



Cost of sales 62 636 58 090 30 359 28 024





Financial costs 10 975 12 268 4 517 6 228


Income tax 6 083 7 162 2 311 3 148




Other total revenue









4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




4350









4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




4450















4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




4550










4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




4650




capital








As at 30 June 2015 15 551 443 536 0 -3 914 44 993 500 166



4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




4750



capital


As at 1 January 2015 15 551 410 599 0 1 144 56 212 483 506







As at 31 December 2015 15 551 443 553 0 -519 78 462 537 047



4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




4850




Cost of sales 57 341 749 58 090










4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




4950




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507




5050





Management Board








Commercial Proxy


Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507



Amica Wronki SA for




Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507


Contents



2


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507


OVERVIEW

















OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

Slajd numer 4

Slajd numer 5

Slajd numer 6

Slajd numer 7

Slajd numer 8

Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507


OVERVIEW

4











Board)




















Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

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Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507










Russia




53






EBIT 703 606 97 116


EBITDA 923 786 137 117



Net profit 501 395 106 127



7 775 273 7 7 7 5 2 7 3
































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














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KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


I-IIQ2016

I-IIQ 2015

Change

Dynamics

Revenue from sales

11550

9264

2286

125


3659

3069

590

119


317

331

-14pp

EBIT

703

606

97

116


61

65

-05pp

EBITDA

923

786

137

117

EBITDA margin

80

85

-05pp

Gross profit

608

495

114

123

Gross profit margin

53

53

-01pp

Net profit

501

395

106

127

Net profit margin

43

43

01pp


7 775 273

7 775 273


643

507































Goods Other Group




Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














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Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126

Poland






Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














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Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126

Poland




[million PLN]

Sales by region

+39 yy



West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














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Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126

West




[million PLN]

Sales by region

+646 yy



North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














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Slajd numer 13

Slajd numer 14

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Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126

North [million PLN]

Sales by region

+201 yy





East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














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Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126

East




[million PLN]

Sales by region

+86 yy



SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

Slajd numer 3

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Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126

SOUTH [million PLN]

Sales by region

+148 yy






14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

Slajd numer 2

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KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


14


PLN 131 million


costs of CDA





(-16 pp yy)







15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














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KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126


15







bonds issued




Current Assets 9637 7523 2113 128









KPIs 30062016 30062015 Dynamics














EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














Slajd numer 1

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Slajd numer 9

Slajd numer 10

Slajd numer 11

Slajd numer 12

Slajd numer 13

Slajd numer 14

Slajd numer 15

Slajd numer 16

KPIs

30062016

30062015

Dynamics

Current ratio

135

136

-001

Quick ratio

078

078

001

Liability ratio

589

532

58pp

Net working capital

3828

2504

1324

Cash Flow

30062016

30062015

Change


430

372

58


-312

-326

14


-36

04

-40

Net cash flows

81

50

31

Balance

30062016 30062015

Change

Fixed assets

5247

4369

877

120

Current Assets

9637

7523

2113

128

Total assets

1 4985

1 1893

3092

126

Equity capital

6151

5567

585

111


8834

6326

2508

140


1704

799

904

213

Current liabilities

7130

5527

1603

129

Total liabilities

1 4985

1 1893

3092

126










EN_raport bieglego









1 Overview









8 Revenue and costs



83 Costs by type

9 Income tax






14 Other assets



15 Inventory







21 Provisions










28 Lawsuits














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Independent Auditor's Report on review of the condensed ... · Independent Auditor's Report on

Documents

Transcript of Independent Auditor's Report on review of the condensed ... · Independent Auditor's Report on

KPIs	30062016	30062015	Dynamics

Current ratio	135	136	-001

Quick ratio	078	078	001

Liability ratio	589	532	58pp

Net working capital	3828	2504	1324

Cash Flow	30062016	30062015	Change

Cash flow on operating activities	430	372	58

Cash flow on investment activities	-312	-326	14

Cash flow on financial activities	-36	04	-40

Net cash flows	81	50	31

Balance	30062016 30062015	Change

Fixed assets	5247	4369	877	120

Current Assets	9637	7523	2113	128

Total assets	1 4985	1 1893	3092	126

Equity capital	6151	5567	585	111

Liabilities and provisions	8834	6326	2508	140

Non-current liabilities	1704	799	904	213

Current liabilities	7130	5527	1603	129

Total liabilities	1 4985	1 1893	3092	126

Profit and loss account (millions PLN)	I-IIQ2016	I-IIQ 2015	Change	Dynamics

Revenue from sales	11550	9264	2286	125

Gross profit on sales	3659	3069	590	119

Gross profit on sales margin	317	331	-14pp

EBIT	703	606	97	116

Operating profit margin	61	65	-05pp

EBITDA	923	786	137	117

EBITDA margin	80	85	-05pp

Gross profit	608	495	114	123

Gross profit margin	53	53	-01pp

Net profit	501	395	106	127

Net profit margin	43	43	01pp

Weighted average of number of ordinary shares (number of shares)	7 775 273	7 775 273

Profit per ordinary share (PLN)	643	507

EBITDA calculated as operating profit + depreciation