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KONSING GROUP LTD BELGRADE
Financial Reports for 2019, 2018 and 2017 year
TRANSLATION FROM SERBIAN INTO ENGLISH
Name: KONSING GROUP DOO BELGRADE
Registered office: BELGRADE, Bulevar Peka Dapcevica 25
BALANCE SHEET
On December 31, 2019 in thousands of RSD
Group
accounts,
account
POSITION AOP
Note
numbe
r
Amount
Previous Year
Current
Year
End state
31.12.2019
Initial state
01.01.2019
1 2 3 4 5 6 7
ASSETS
00 A. SUBSCRIBED AND PAIDIN CAPITAL 0001
B. FIXED ASSETS
(0003 + 0010 + 0019 + 0024 + 0034) 0002 277.765
283.257
290.841
01 I. INTANGIBLE ASSETS
(0004 + 0005 + 0006 + 0007 + 0008 + 0009) 0003
577
1.449
010 and
part 019 1.Investments in development 0004
011, 012
and part
019
2. Concessions , patents , licenses, trademarks, service marks ,
software and other rights 0005
577
1.449
013 and
part 019 3.Goodwill 0006
014 and part 019
4.Other intangible assets 0007
015 and
part 019 5.Intangible assets in progress 0008
016 and part 019
6. Advances for intangible assets 0009
02 II. PROPERTY, PLANT AND EQUIPMENT
(0011+0012+0013+0014+0015+0016+0017+0018) 0010 269.567
274.333
280.655
020, 021
and part
029
1.Land 0011
022 and
part 029 2.Building Structures 0012 15 400 416 432
023 and
part 029 3. Plant and Equipment 0013 15 1.380 6.130 9.754
024 and
part 029 4. Investment properties 0014 16 267.787 267.787 270.469
025 and
part 029 5. Other property, plant and equipment 0015
026 and
part 029 6. Property, plant and equipment in preparation 0016
027 and
part 029 7. Leasehold property, plant and equipment 0017
028 and part 029
8. Advances for property , plant and equipment 0018
03 III. BIOLOGICAL RESOURCES
(0020 + 0021 + 0022 + 0023) 0019
030, 031
and part
039
1.Woods and plants 0020
032 and part 039
2.Basic herd 0021
037 and
part 039 3.Biological assets in preparation 0022
038 and
part 039 4.Advances for biological agents 0023
04,
except
047
IV. LONG TERM INVESTMENTS
(0025+0026+0027+0028+0029+0030+0031+0032+0033) 0024 3.963
4.091
4.471
040 and
part 049 1.Shares in subsidiaries 0025 100
041 and
part 049
2. Shares in associated companies and
joint ventures 0026
042 and
part 049
3. Shares in other legal entities and other
securities available for sale 0027
part 043, part 044
and part
049
4. Long-term investments parent company and subsidiaries
faces 0028
part 043,
part 044
and part
049
5.Longterm placements with other related parties 0029
part 045
and part
049
6.Longterm investments in the country 0030
part 045
and part
049
7.Longterm investments abroad 0031
046 and part 049
8.Securities held to maturity 0032
048 and
part 049 9. Other long-term investments 0033
17
3.963
4.091
4.371
05 V. LONGTERM RECEIVABLES
(0035+0036+0037+0038+0039+0040+0041) 0034
18 4.235
4.256
4.266
050 and
part 059 1. Receivables from parent companies and subsidiaries 0035
051 and
part 059 2.Receivables from other related parties 0036
052 and
part 059 3. Receivables from the sale of the commodity loan 0037 4.235
4.256
4.266
053 and
part 059
4. Receivables for sale by contracts
financial leasing 0038
054 and
part 059 5.Claims based on the bail 0039
055 and
part 059 6.Disputed and doubtful receivables 0040
056 and
part 059 7.Other long-term receivables 0041
288 V. DEFERRED TAX ASSETS 0042
19
255
556
G. CURRENT ASSETS
(0044+0051+0059+0060+0061+0062+0068+0069+0070) 0043 49.869
55.121
144.048
Class 1 I. INVENTORIES
(0045+0046+0047+0048+0049+0050) 0044
20
14.427
16.066
22.709
10 1.Supplies , spare parts , tools and inventory 0045 10.081
10.380
16.254
11 2.Work in progress and unfinished services 0046
12 3.Finished Products 0047
13 4. Goods 0048 392
392
856
14 5.Fixed assets held for sale 0049
15 6.Advances paid to suppliers 0050 3.954
5.294
5.599
20 II. RECEIVABLES FROM SALE
(0052+0053+0054+0055+0056+0057+0058) 0051
21
32.824
32.568
80.479
200 and
part 209 1.Domestic parent and subsidiaries 0052
201 and
part 209 2.Buyers abroad parent and subsidiaries 0053 11.261
202 and
part 209 3.Domestic other related parties 0054
203 and
part 209 4. Buyers abroad other related parties 0055
204 and
part 209 5. Domestic 0056 32.616
26.395
68.503
205 and
part 209 6.Buyers abroad 0057 208
6.173
715
206 and
part 209 7.Other receivables from sales 0058
21 III. Receivables from specific products 0059
22 IV. OTHER RECEIVABLES 0060
22
120
590
3.547
236 FINANCIAL RESOURCES TO BE MEASURED AT FAIR
VALUE THROUGH PROFIT OR LOSS 0061
23
except
236 and 237
VI. SHORT TERM INVESTMENTS
(0063+0064+0065+0066+0067) 0062
230 and part 239
1. Short-term loans and investments parent and
subsidiaries 0063
231 and part 239
2. Short-term credits and loans stay connected
legal entities 0064
232 and part 239 3.Shortterm loans and loans in the country 0065
233 and part 239 4.Shortterm loans and loans abroad 0066
234, 235,
238 and part 239
5.Other short-term financial investments 0067
24 VII. CASH AND CASH EQUIVALENTS 0068
23
1.869
470
23.092
27 VIII. VALUE ADDED TAX 0069 424
400
1.041
28 except
288 IX. ACCRUED 0070
24
205
5.027
13.180
D. TOTAL OPERATING ASSETS=OPERATING ASSETS
(0001+0002+0042+0043) 0071 327.634
338.633
435.445
88 DJ. OFFBALANCE SHEET ASSETS 0072
LIABILITIES
А. CAPITAL (0402+0411 0412+0413+0414+0415 0416+0417 +0420 0421) ≥ 0 = (0071 0424 0441 0442)
0401 204.446
199.766
239.974
30 1.SHARE CAPITAL (0403+0404+0405+0406+0407+0408+0409+0410) 0402
25
14.061
14.061
14.061
300 1.Share capital 0403
301 2.The shares of limited liability companies 0404 14.061
14.061
14.061
302 3.Shares 0405
303 4.State capital 0406
304 5.Social Capital 0407
305 6.Cooperative shares 0408
306 7.Share premium 0409
309 8.Other capital 0410
31 II. SUBSCRIBED AND PAIDIN CAPITAL 0411
047 and
237 III. TREASURY SHARES 0412
32 IV. RESERVES 0413
26
4.540
4.540
4.540
330
V. Revaluation reserves based on
Revaluation of intangible assets , PROPERTY, PLANT AND EQUIPMENT
0414
33 except
330
VI. UNREALIZED GAINS ON SECURITIES
SECURITIES AND OTHER COMPONENTS
OTHER COMPREHENSIVE RESULTS
( Credit balance accounts of group 33 except 330 )
0415
33
except 330
VII. UNREALIZED LOSSES ON SECURITIES
SECURITIES AND OTHER COMPONENTS OTHER COMPREHENSIVE RESULTS
( Credit balance accounts of group 33 except 330 )
0416
34 VIII. RETAINED EARNINGS (0418+0419) 0417
27
211.923
207.243
238.818
340 1.Profit from previous years 0418 207.243
207.243
224.826
341 2.Profit for the current year 0419 4.680
13.992
IX. No controlling interests 0420
35 X. LOSS (0422+0423) 0421
27
26.078
26.078
17.445
350 1.Loss of previous year 0422 26.078
17.445
351 2.Loss of current year 0423 26.078
B. LONGTERM PROVISIONS AND LIABILITIES
(0425+0432) 0424 2.866
40 I. LONGTERM PROVISIONS
(0426+0427+0428+0429+0430+0431) 0425
400 1.For expenses in warranty period 0426
401 2. For restoration of natural resources 0427
403 3.Provisions for restructuring costs 0428
404 4.Provision for retirement and other employee benefits 0429
405 5.Provision for lawsuits 0430
402 and 409
6.Other long-term provisions 0431
41 II. LONGTERM LIABILITIES
(0433+0434+0435+0436+0437+0438+0439+0440) 0432 2.866
410 1.Liabilities convertible in capital 0433
411 2.Due to parent companies and subsidiaries 0434
412 3.Due to other related parties 0435
413 4. payable securities in for more than one day 0436
414 5.Longterm loans and loans in the country 0437
415 6.Longterm loans and loans abroad 0438
416 7.Liabilities arising from finance lease 0439
2.866
419 8.Other long-term liabilities 0440
498 В. DEFERRED TAX LIABILITIES 0441
28
1.068
42 to 49 (except
498)
Г. SHORTTERM LIABILITIES
(0443+0450+0451+0459+0460+0461+0462) 0442 122.120
138.867
192.605
42 I. CURRENT LIABILITIES
(0444+0445+0446+0447+0448+0449) 0443 31
29
3.405
6.264
420 1. Short-term loans from its parent and subsidiary
legal entities 0444
421 2. Short-term loans from other related parties 0445
422 3.Shortterm credits and loans in the country 0446 9.231
423 4.Shortterm borrowings abroad 0447
427 5. Liabilities on fixed assets and assets
discontinued operations held for sale 0448
424, 425,
426 and
429
6.Other current financial liabilities 0449 3.405
6.264
6.802
430 II. ADVANCES AND DEPOSITS 0450
30
7.984
15.342
27.609
43 except
430
III. BUSINESS DUTIES
(0452+0453+0454+0455+0456+0457+0458) 0451
30
41.584
42.792
58.159
431 1.Suppliers parent and subsidiaries in the country 0452
432 2. Suppliers parent and subsidiaries in abroad 0453 5.045
433 3.Suppliers other related parties in the country 0454
434 4.Suppliers Other related legal entities abroad 0455
435 5.Suppliers in the country 0456 34.895
32.958
34.819
436 6.Foreign suppliers 0457 6.689
9.843
18.295
439 7.Other operating liabilities 0458
44, 45 and 46
IV. OTHER CURRENT LIABILITIES 0459
31
64.067
67.241
77.031
47 V. LIABILITIES FOR ADDED TAX VALUE 0460
32
1.008
495
3.263
48 VI. Other taxes , contributions
AND OTHER DUTIES 0461
32
668
3.307
6.965
49 except
498 VII. ACCRUALS 0462
32
3.404
3.426
3.545
Д. LOSS ABOVE CAPITAL VALUE (0412+0416+0421 0420 0417 0415 0414 0413 0411 0402) ≥ 0 = (0441+0424+0442 0071) ≥ 0
0463
DJ. TOTAL LIABILITIES (0424+0442+0441+0401 0463) ≥ 0 0464 327.634
338.633
435.445
89 Е. OFF BALANCE SHEET LIABILITIES 0465
TRANSLATION FROM SERBIAN INTO ENGLISH
Name: KONSING GROUP DOO BELGRADE
Registered office: BELGRADE, Bulevar Peka Dapcevica 25
INCOME STATEMENTS
for the period from 01.01. to 31.12.2019
- in thousands of RSD -
Group accounts,
account
P O S I T I O N АОP Note
number
Amount
Current Year Previous Year
1 2 3 4 5 6
INCOME FROM OPERATIONS
60 to 65,
except 62
and 63
А. OPERATING INCOME (1002+1009+1016+1017) 1001 203.290 227.438
60 I. INCOME FROM SALE OF GOODS
(1003+1004+1005+1006+1007+1008) 1002 178
600 1. Income of merchandise to parent and subsidiaries
persons in the domestic market 1003
601 2. Income of merchandise to parent and subsidiaries
persons on foreign market 1004
602 3. Income of goods other related legal persons in the domestic market
1005
603 4. Income of goods other related legal
persons on foreign market 1006
604 5. Income of goods on the domestic market 1007
144
605 6. Income of goods on foreign market 1008
34
61 II. INCOME OF PRODUCTS AND SERVICES
(1010+1011+1012+1013+1014+1015) 1009
4
97.717 121.630
610 1. Income from sales of products and services and the
parent subsidiaries in the domestic market 1010
611 2. Income from sales of products and services and the
parent subsidiaries in foreign markets 1011 9.195
612 3. Income from sale of goods and services to other related
parties in the domestic market 1012
613 4. Income from sales of goods and services to other
related parties in the international market 1013
614 5. Income from sales of products and services on
domestic market 1014 93.769 94.767
615 6. Income of finished products and services foreign market
1015 3.948 17.668
64 III. Income from premiums, subsidies,
Grants, donations, etc. 1016
65 IV. OTHER OPERATING INCOME
EXPENSES 1017
5
105.573 105.630
Operating expense
50 to 55,
62 and
63
Б. BUSINESS EXPENSES
(1019 - 1020 - 1021+1022+1023+1024+1025
+1026+1027+1028+1029) ≥ 0
1018
195.072 236.339
50 I. COST OF GOODS SOLD 1019
62 II. REVENUES FROM ACTIVATION OF GOODS
AND EFFECTS 1020
630 III. INCREASE IN VALUE STOCKS - finished and
finished products and unfinished SERVICES 1021
631 IV. DECREASE IN VALUE STOCKS - finished and
finished products and unfinished SERVICES 1022
51 except
513 V. COST OF MATERIALS 1023
6
345 4.874
513 VI. COST OF FUEL AND ENERGY 1024 13.366 11.536
6
52 VII. SALARIES , WAGES
AND OTHER PERSONNEL EXPENSES 1025
7
29.512 57.663
53 VIII. COSTS OF PRODUCTION 1026
8
138.836 146.599
540 IX. DEPRECIATION 1027
9
3.289 4.608
541 to 549
X. COSTS OF LONG-TERM PROVISIONS 1028
55 XI. IMMATERIAL COSTS 1029
10
9.724 11.059
V. OPERATING PROFIT (1001 - 1018) ≥ 0 1030
8.218
g. OPERATING LOSS (1018 - 1001) ≥ 0 1031 8.901
66 D. FINANCE INCOME (1033+1038+1039)
1032
11
50 148
66,
except
662, 663
and 664
I. FINANCIAL REVENUES FROM RELATED
PERSONS AND OTHER FINANCIAL INCOME
(1034+1035+1036+1037)
1033
660 1. Financial income from parent companies and subsidiaries
1034
661 2. Financial income from other related parties 1035
665 3. Income from participation in profit of associated legal
entities and joint ventures 1036
669 4. Other finance income 1037
662 II. INTEREST INCOME (FROM THIRD PARTIES) 1038
26
663 and 664
III. FOREIGN EXCHANGE GAINS AND POSITIVE EFFECTS OF CURRENCY CLAUSE
(BY THIRD PARTIES)
1039
50 122
56 DJ. FINANCIAL EXPENSES (1041+1046+1047) 1040
12
677 1.010
56,
except
562, 563
and 564
I. FINANCIAL EXPENSES RELATIONS
RELATED PARTIES AND OTHER FINANCIAL
EXPENSES (1042+1043+1044+1045)
1041
560 1. Finance expenses from relations with parent and
subsidiary legal entities 1042
561 2. Financial expenses from other related
legal entities 1043
565 3. Expenses from participation in loss of associated legal
entities and joint ventures 1044
566 and
569 4. Other financial expenses 1045
562 II. INTEREST EXPENSES ( BY THIRD PARTIES) 1046
396 467
563 and
564
III. FOREIGN EXCHANGE GAINS AND NEGATIVE
EFFECTS OF CURRENCY CLAUSE
( BY THIRD PARTIES)
1047
281 543
15.553 Е. PROFIT FROM FINANCING (1032 - 1040) 1048
Z. LOSS FROM FINANCING (1040 -1032) 1049
627 862
683 and
685
Z. INCOME ADJUSTMENT
Other assets carried at FER VALUE THROUGH
PROFIT OR LOSS
1050
583 and
585
I. LOSS FROM VALUE ADJUSTMENT
Other assets carried at FER VALUE THROUGH
PROFIT OR LOSS
1051
67 and
68,
except
683 and 685
Ј. OTHER INCOME 1052
13
1.288 7.773
57 and
58,
except
583 and
585
К. OTHER EXPENSES 1053
14
2.876 23.787
L. PROFIT FROM OPERATIONS
BEFORE TAX
(1030 - 1031+1048 - 1049+1050 - 1051+1052 - 1053)
1054
6.003
Lj. LOSS FROM OPERATIONS
BEFORE TAX
(1031 - 1030+1049 - 1048+1051 - 1050+1053 - 1052)
1055
25.777
69-59
М. NET PROFIT FROM SUSPENDED , THE EFFECTS
OF CHANGES ACCOUNTING POLICIES AND
CORRECTION ERRORS OF PREVIOUS PERIOD
1056
59-69
N. NET LOSS FROM SUSPENDED , EXPENSES FOR
CHANGES ACCOUNTING POLICIES AND
CORRECTION ERRORS OF PREVIOUS PERIOD
1057
Nj. PROFIT BEFORE TAX
(1054 - 1055+1056 - 1057) 1058
3.135
О. LOSS BEFORE TAX (1055 - 1054+1057 - 1056) 1059
25.777
P. INCOME TAXES
721 I. Income tax expense 1060
part 722 II. Deferred tax expense 1061
1.323 301
part 722 III. Deferred income tax 1062
723 R. EARNINGS PAID EMPLOYER 1063
S. NET PROFIT (1058 - 1059 - 1060 - 1061 + 1062 -
1063) 1064
4.680
T. NET LOSS (1059 - 1058 + 1060 + 1061 -1062 + 1063)
1065
26.078
I. NET PROFIT OF THE
MINORITY SHAREHOLDERS 1066
II. NET PROFIT DUE TO
Majority owner 1067
III. NET LOSS BELONGING
MINORITY SHAREHOLDERS 1068
IV. NET LOSS BELONGING
Majority owner 1069
V. EARNINGS PER SHARE
1. Basic earnings per share 1070
2. Reduced (diluted) earnings per share 1071
TRANSLATION FROM SERBIAN INTO ENGLISH
Name: KONSING GROUP DOO BELGRADE
Registered office: BELGRADE, Bulevar Peka Dapcevica 25
REPORT ON OTHER RESULTS
for the period from 01.01.2018 to 31.12.2019 year
- in thousands of RSD -
Group
accoun
ts,acco
unt
POSITION АОP
Note Amount
number Current Year Previous Year
1 2 3 4 5 6
А. NET RESULT FROM OPERATIONS
I. NET INCOME (AOP 1064) 2001
29
4.680
II. NET LOSS (AOP 1065) 2002
29
26.078
Б. OTHER COMPREHENSIVE PROFIT OR LOSS
а) Items that will be reclassified in the income
statement in future periods
330
1. Changes in the revaluation of intangible assets ,
property, plant and equipment
а) increase in revaluation reserves 2003
б) decrease in revaluation reserves 2004
331
2. Actuarial gains and losses on defined benefit plans
а) gains 2005
б) losses 2006
332
3. Gains or losses on investments in equity capital
instruments
а) gains 2007
б) losses 2008
333
4. Gains or losses on shares in other comprehensive
gain or loss of associates
а) gains 2009
б) losses 2010
б) Items that can be subsequently reclassified into the
income statement in future periods
334
1. Gains or losses on translation of financial statements
of foreign operations
а) gains 2011
б) losses 2012
335
2. Gains or losses on hedging instruments of a net
investment in a foreign operation
а) gains 2013
б) losses 2014
336
3. Gains or losses on hedging instruments risk
(hedging ) cash flow
а) gains 2015
б) losses 2016
337
4. Gains or losses on securities available for sale
а) gains 2018
б) losses 2018
I. OTHER COMPREHENSIVE INCOME GROSS
(2003 + 2005 + 2007 + 2009 + 2011 + 2013 + 2015 +
2018) - (2004 + 2006 + 2008 + 2010 + 2012 + 2014 +
2016 + 2018) ≥ 0
2019
II. GROSS OTHER COMPREHENSIVE LOSS (2004
+ 2006 + 2008 + 2010 + 2012 + 2014 + 2016 + 2018) -
(2003 + 2005 + 2007 + 2009 + 2011 + 2013 + 2015 +
2017) ≥ 0
2020
III. TAX ON OTHER COMPREHENSIVE PROFIT
OR LOSS FOR THE PERIOD 2021
IV. NET OTHER COMPREHENSIVE INCOME (2019 - 2020 - 2021) ≥ 0
2022
V. NET OTHER COMPREHENSIVE LOSS
(2020 - 2019 + 2021) ≥ 0 2023
В. TOTAL COMPREHENSIVE NET RESULT FOR
THE PERIOD
I. TOTAL NET COMPREHENSIVE INCOME
(2001 - 2002 + 2022 - 2023) ≥ 0 2024
29
4.680
II. TOTAL NET COMPREHENSIVE LOSS
(2002 - 2001 + 2023 - 2022) ≥ 0 2025
29
26.078
Г. TOTAL NET COMPREHENSIVE PROFIT OR
LOSS (2027 + 2028) = АОП 2024 ≥ 0 or АОП 2025
> 0
2026
1. Attributable to majority owners of capital 2027
2. Attributable to owners who do not have control 2028
TRANSLATION FROM SERBIAN INTO ENGLISH
Name: KONSING GROUP DOO BELGRADE
Registered office: BELGRADE, Bulevar Peka Dapcevica 25
CASH FLOW STATEMENT
for the period from 01.01.2019 to 31.12.2019 year
- in thousands of RSD -
Position АОP Amount
Current Year Previous Year
1 2 3 4
А. CASH FLOWS FROM OPERATING ACTIVITIES 3001 221.451 280.714
I. Cash flow from operating activities ( 1 to 3)
1. Sales and advances received 3002 220.777 275.638
2. Interest received from operating activities 3003
3. Other proceeds from operating activities 3004 674 5.076
II. Cash outflows from operating activities ( 1 to 5) 3005 216.770 275.526
1. Payments to suppliers 3006 167.521 186.484
2. Salaries, wages and other personal expenses 3007 31.313 66.086
3. interest paid 3008 541 258
4. Income tax 3009
2.200
2.471
5. Outflows from other public revenues 3010 15.195 20.227
III. Net cash inflow from operating activities (I-II) 3011 4.681 5.188
IV. Net cash outflow from operating activities (II-I) 3012
Б. CASH FLOWS FROM INVESTING ACTIVITIES 3013
I. Cash flow from investing activities (1 to 5)
1. Sale of shares and stakes (net inflows) 3014
2. Sale of intangible assets , property, plant , equipment and biological assets 3015
3. Other financial investments (net inflows) 3016
4. Interest received from investing activities 3017
5. dividends received 3018
II. Cash outflows from investing activities ( 1 to 3) 3019 14.131
1. Purchase of shares ( net outflow) 3020 14.131
2. Purchase of intangible assets , property, plant , equipment and biological
assets 3021
3. Other financial investments (net outflows ) 3022
III. Net cash inflow from investing activities (I -II ) 3023
IV. Net cash outflow from investing activities ( I - II ) 3024 14.131
В. CASH FLOWS FROM FINANCING ACTIVITIES 3025
I. Cash flow from financing activities (1 to 5)
1. Increase in capital 3026
2. Long-term loans (net inflows ) 3027
3. Short-term loans (net inflows ) 3028
4. Other long-term liabilities 3029
5. Other current liabilities 3030
II. Cash used in financing activities (1 to 6) 3031 3.222 13.454
1. Purchase of own shares and stakes 3032
2. Long-term borrowings ( outflows ) 3033 9.214
3. Short-term borrowings ( outflows ) 3034
4. Other liabilities ( outflows ) 3035 310 485
5. Financial leasing 3036 2.912 3.755
6. dividends paid 3037
III. Net cash inflow from financing activities (I-II) 3038
IV. Net cash outflow from financing activities (II-I) 3039 3.222 13.454
Г. TOTAL CASH INFLOW ( 3001 + 3013 + 3025 ) 3040 221.451 280.714
Д. TOTAL CASH OUTFLOW ( 3005 + 3019 + 3031 ) 3041 219.992 303.111
Ђ. NET CASH INFLOW (3040 - 3041) 3042 1.459
Е. NET CASH OUTFLOW (3041 - 3040) 3043 22.397
Ж. CASH AT BEGINNING OF PERIOD 3044 470 23.092
З. FOREIGN EXCHANGE GAINS FROM TRANSLATION OF CASH 3045
И. FOREIGN EXCHANGE LOSSES FROM TRANSLATION OF CASH 3046 60 225
Ј. CASH AT END OF PERIOD (3042 - 3043 + 3044 + 3045 - 3046)
3047 1.869 470
TRANSLATION FROM SERBIAN INTO ENGLISH
Name: KONSING GROUP DOO BELGRADE
Registered office: BELGRADE, Bulevar Peka Dapcevica 25
STATEMENT OF CHANGES IN EQUITY
for the period from 01.01.2019 to 31.12.2019 year
- in thousands of RSD -
No
DESCRIPTION
Components of capital
АОP
30
АОP
31
АОP
32
Basic capital Subscribed
capital unpaid Reserves
1 2 3 4 5
1.
Opening balance of previous years as at
01.01.2019.
a) debit balance account 4001
4019
4037
b ) credit balance account 4002 14.061 4020
4038 4.540
2.
Correction of errors and changes in
accounting policies
a) updates on the debit side of the
account 4003
4021
4039
b ) Adjustments in credit account 4004
4022
4040
3.
Adjusted opening balance of the
previous year on the day 01.01.2019.
a) Adjusted debit balance of the account
( 1a + 2a - 2b ) ≥ 0 4005
4023
4041
b ) adjusted credit balance accounts ( 1b
- 2a + 2b ) ≥ 0 4006 14.061 4024
4042 4.540
4.
Changes to the previous 2018
a) turnover on the debit side of the account
4007
4025
4043
b ) trade in credit account 4008
4026
4044
5.
Balance at the end of the previous year
31.12.2019.
а) debit balance account
(3а + 4а - 4б) ≥ 0 4009
4027
4045
б) credit balance account
(3б - 4а + 4б) ≥ 0 4010 14.061 4028
4046 4.540
6.
Correction of errors and changes in
accounting policies
a) updates on the debit side of the
account 4011
4029
4047
b ) the correction in credit account 4012
4030
4048
7.
Adjusted opening balance of the current
year as at 01.01.2019.
а) Adjusted debit balance account
(5а + 6а - 6б) ≥ 0 4013
4031
4049
б) corrected credit balance account
(5б - 6а + 6б) ≥ 0 4014 14.061 4032
4050 4.540
8.
Changes in the current 2019
а) Traffic on the debit side of the
account 4015
4033
4051
b ) trade in credit account 4016
4034
4052
9.
Balance at end of current year
31.12 . 2019
a) debit balance account
( 7a + 8a - 8b ) ≥ 0 4017
4035
4053
b ) credit balance account
( 7b - 8a + 8b ) ≥ 0 4018 14.061 4036
4054 4.540
No
DESCRIPTION
Components of capital
AOP
35
AOP
047 и 237
AOP
34
Loss Treasury shares Profit
2 6 7 8
1.
Opening balance of previous years as at
01.01.2019 .
a) debit balance account 4055 17.445 4073
4091
b ) credit balance account 4056
4074
4092 238.818
2.
Correction of errors and changes in
accounting policies
a) updates on the debit side of the
account 4057
4075
4093
b ) Adjustments in credit account 4058
4076
4094
3.
Adjusted opening balance of the
previous year on the day 01.01.2019.
a) Adjusted debit balance of the account
( 1a + 2a - 2b ) ≥ 0 4059 17.445 4077
4095
b ) adjusted credit balance accounts ( 1b
- 2a + 2b ) ≥ 0 4060
4078
4096 238.818
4.
Changes to the previous 2018
a) turnover on the debit side of the
account 4061 26.078 4079
4097 31.575
b ) trade in credit account 4062 17.445 4080
4098
5.
Balance at the end of the previous year
31.12.2019.
а) debit balance account
(3а + 4а - 4б) ≥ 0 4063 26.078 4081
4099
б) credit balance account
(3б - 4а + 4б) ≥ 0 4064
4082
4100 207.243
6.
Correction of errors and changes in
accounting policies
a) updates on the debit side of the account
4065
4083
4101
b ) the correction in credit account 4066
4084
4102
7.
Adjusted opening balance of the current
year as at 01.01.2019.
а) Adjusted debit balance account (5а + 6а - 6б) ≥ 0
4067 26.078 4085
4103
б) corrected credit balance account
(5б - 6а + 6б) ≥ 0 4068
4086
4104 207.243
8.
Changes in the current 2019
а) Traffic on the debit side of the
account 4069 4087
4105
b ) trade in credit account 4070 4088
4106 4.680
9.
Balance at end of current year
31.12 . 2019
a) debit balance account
( 7a + 8a - 8b ) ≥ 0 4071
26.078 4089
4107
b ) credit balance account
( 7b - 8a + 8b ) ≥ 0 4072
4090
4108 211.923
No DESCRIPTION
Components of othercomprehensive
AOP
330
AOP
331
AOP
332
Revaluation
reserves
Actuarial gains
or losses
Gains or losses on
investments in
equity capital
instruments
1 2 9 10 11
1.
Opening balance of previous years as at
01.01.2019 .
a) debit balance account 4109
4127
4145
b ) credit balance account 4110
4128
4146
2.
Correction of errors and changes in
accounting policies
a) updates on the debit side of the
account 4111
4129
4147
b ) Adjustments in credit account 4112
4130
4148
3.
Adjusted opening balance of the previous year on the day 01.01.2019.
a) Adjusted debit balance of the account
( 1a + 2a - 2b ) ≥ 0 4113
4131
4149
b ) adjusted credit balance accounts ( 1b
- 2a + 2b ) ≥ 0 4114
4132
4150
4.
Changes to the previous 2018
a) turnover on the debit side of the
account 4115
4133
4151
b ) trade in credit account 4116
4134
4152
5.
Balance at the end of the previous year
31.12.2019.
а) debit balance account
(3а + 4а - 4б) ≥ 0 4117
4135
4153
б) credit balance account
(3б - 4а + 4б) ≥ 0 4118
4136
4154
6.
Correction of errors and changes in
accounting policies
a) updates on the debit side of the
account 4119
4137
4155
b ) the correction in credit account 4120
4138
4156
7.
Adjusted opening balance of the current
year as at 01.01.2019.
а) Adjusted debit balance account
(5а + 6а - 6б) ≥ 0 4121
4139
4157
б) corrected credit balance account
(5б - 6а + 6б) ≥ 0 4122
4140
4158
8.
Changes in the current 2019
а) Traffic on the debit side of the account
4123
4141
4159
b ) trade in credit account 4124
4142
4160
9.
Balance at end of current year
31.12 . 2019
a) debit balance account
( 7a + 8a - 8b ) ≥ 0 4125
4143
4161
b) credit balance account
( 7b - 8a + 8b ) ≥ 0 4126
4144
4162
No
DESCRIPTION
Components of othercomprehensive
AOP
333
AOP
334 и 335
AOP
336
Gains or losses from
equity interest in the rest
of the profit or loss of
associates
Gains or losses on
translation of
foreign operations
and the financial
statements
Gains or losses on
cash flow hedging
1 2 12 13 14
1.
Opening balance of previous years
as at 01.01.2019 .
a) debit balance account 4163
4181
4199
b ) credit balance account 4164
4182
4200
2.
Correction of errors and changes in
accounting policies
a) updates on the debit side of the
account 4165
4183
4201
b ) Adjustments in credit account 4166
4184
4202
3.
Adjusted opening balance of the
previous year on the day
01.01.2019.
a) Adjusted debit balance of the
account ( 1a + 2a - 2b ) ≥ 0 4167
4185
4203
b ) adjusted credit balance accounts
( 1b - 2a + 2b ) ≥ 0 4168
4186
4204
4.
Changes to the previous 2018
a) turnover on the debit side of the
account 4169
4187
4205
b ) trade in credit account 4170
4188
4206
5.
Balance at the end of the previous
year 31.12.2019.
а) debit balance account
(3а + 4а - 4б) ≥ 0 4171
4189
4207
б) credit balance account
(3б - 4а + 4б) ≥ 0 4172
4190
4208
6.
Correction of errors and changes in
accounting policies
a) updates on the debit side of the
account 4173
4191
4209
b ) the correction in credit account 4174
4192
4210
7.
Adjusted opening balance of the
current year as at 01.01.2019.
а) Adjusted debit balance account
(5а + 6а - 6б) ≥ 0 4175
4193
4211
б) corrected credit balance account
(5б - 6а + 6б) ≥ 0 4176
4194
4212
8.
Changes in the current 2019
а) Traffic on the debit side of the
account 4177
4195
4213
b ) trade in credit account 4178
4196
4214
9.
Balance at end of current year
31.12 . 2019
a) debit balance account
( 7a + 8a - 8b ) ≥ 0 4179
4197
4215
b ) credit balance account
( 7b - 8a + 8b ) ≥ 0 4180
4198
4216
No
DESCRIPTION
Components of other
comprehensive
AOP
Total capital [ Σ
(red 1b Aug 3 to
Aug 15 ) - Σ (red 1a
Aug 3 to Aug 15 ) ]
≥ 0
AOP
Losses in excess of
capital [ Σ (red 1a
Aug 3 to Aug 15 )
- Σ (red 1b Aug 3
to Aug 15 ) ] ≥ 0
AOP
337
Gains or losses on
securities available for
sale
1 2 15 16 17
1.
Opening balance of previous years
as at 01.01.2019 .
a) debit balance account 4217 4235
239.974 4244
b ) credit balance account 4218
2.
Correction of errors and changes in
accounting policies
a) updates on the debit side of the
account 4219
4236
4245
b ) Adjustments in credit account 4220
3.
Adjusted opening balance of the
previous year on the day 01.01.2019.
a) Adjusted debit balance of the
account ( 1a + 2a - 2b ) ≥ 0 4221
4237
239.974
4246 b ) adjusted credit balance accounts (
1b - 2a + 2b ) ≥ 0 4222
4.
Changes to the previous 2018
a) turnover on the debit side of the
account 4223
4238 40.208
4247
b ) trade in credit account 4224
5.
Balance at the end of the previous
year 31.12.2019.
а) debit balance account
(3а + 4а - 4б) ≥ 0 4225
4239
199.766
4248 б) credit balance account
(3б - 4а + 4б) ≥ 0 4226
6.
Correction of errors and changes in
accounting policies
a) updates on the debit side of the
account 4227
4240
4249
b ) the correction in credit account 4228
7.
Adjusted opening balance of the current year as at 01.01.2019.
а) Adjusted debit balance account
(5а + 6а - 6б) ≥ 0 4229
4241
199.766
4250 б) corrected credit balance account
(5б - 6а + 6б) ≥ 0 4230
8.
Changes in the current 2019
а) Traffic on the debit side of the
account 4231
4242
4.680
4251
b ) trade in credit account 4232
9.
Balance at end of current year
31.12 . 2019
a) debit balance account
( 7a + 8a - 8b ) ≥ 0 4233
4243 204.446 4252
b ) credit balance account
( 7b - 8a + 8b ) ≥ 0 4234
KONSING GROUP LTD BELGRADE
Bulevar Peka Dapcevica 25, 11000 Belgrade, Serbia Identification Number: 06968759, Tax Identification Number: 100062892 T.: +381 11 7151 707
[email protected] www.konsing.com
NOTES TO THE FINANCIAL STATEMENTS FOR 2019
1. GENERAL INFORMATION ABOUT THE COMPANY
"KONSING GROUP" is a limited liability company. The business name of the company is the Company for design, engineering, installation and maintenance in
telecommunications "KONSING GROUP"; with its headquarters in Bul. Peka Dapčevića Street 25.
Registration number: 06968759,
Tax Identification Number : 100062892,
VAT number: 135451139.
The predominant activity of the company is engineering activities and technical consulting.
According to the criteria for classification from the Law on Accounting ("Official Gazette of RS" No. 62/2013, 30/2018 and
73/2019), and based on data on the official middle exchange rate of the euro on 31.12.2019. year, the company is classified as a small legal entity.
The average number of employees in 2019. is 14 and in 2018. 44.
2. BASIS OF PREPARATION OF FINANCIAL STATEMENTS
Financial reports of the company "KONSING GROUP" with its headquarters in st. Bul.Peka Dapčevića 25 for the accounting
period ending on 31.12.2019 were compiled, on all material issues, in accordance with the International Financial Reporting
Standards for Small and Medium Enterprises (IFRS for SMEs), the Law on Accounting ('' Official RS Gazette No. 62/2013,
30/2018 and 73/2019), the Law on Audit (Official Gazette of RS No. 73/2019), other bylaws enacted on the basis of that Law,
and elected and adopted accounting policies set out in the Ordinance on Accounting and Accounting Policies. Items included in the Company's financial statements are measured and presented in the currency of the primary economic
environment in which the Company operates (functional currency). The functional currency, ie the reporting currency of the
Company is the dinar, and the reports are presented in thousands of dinars, unless otherwise stated.
All receivables and liabilities in foreign currencies are translated to their dinar equivalent at the middle exchange rate on the
balance sheet date. Foreign exchange gains and losses resulting from the translation of receivables and payables in foreign
currencies that have not been settled by the end of the year are recognized in the income statement as financial income or
expense.
Positive and negative exchange rate differences arising from the settlement of liabilities or collection of receivables during the
year at the exchange rate valid on the day of the business change, are stated in the income statement as financial income or
expenses.
3. ACCOUNTING POLICIES ADOPTED AND APPLIED
Accounting policies are defined by the Rulebook on Accounting and Accounting Policies.
KONSING GROUP LTD BELGRADE
Bulevar Peka Dapcevica 25, 11000 Belgrade, Serbia Identification Number: 06968759, Tax Identification Number: 100062892 T.: +381 11 7151 707
[email protected] www.konsing.com
4. REVENUES FROM SALES
Revenues from the sale of the company consist of the following types of revenues:
2019 in 000
dinars
2018 in 000
dinars
Revenues from sales of products and services to dependent legal entities 0 9.195
Revenues from sales of products and services on the domestic market 93.769 94.767
Revenues from sales of products and services on foreign markets 3.948 17.668
TOTAL REVENUES FROM SALES 97.717 121.630
The company generates revenues from engineering services, design and execution of works (installation) in
telecommunications.
5. Other operating income
Other operating income of the company consists of the following types of income:
2019 in 000 dinars 2018 in 000
dinars
Rental income 105.573 105.630
TOTAL 105.573 105.630
The company also generates income on the basis of rent, ie on the basis of leasing investment real estate to mobile telephony operators.
6. Cost of materials
The costs of the company's materials consist of the following types of costs:
2019 in 000 dinars 2018 in 000
dinars
Costs of materials for production 10 3.882
Costs of small inventory 39 208
Costs of overhead material 296 784
COSTS OF MATERIAL 345 4.874
COSTS OF FUEL AND ENERGY 13.366 11.536
TOTAL 13.711 16.410
7. SALARY EXPENSES, SALARY COMPENSATION AND OTHER PERSONAL EXPENSES
Wage costs, wage compensation and other personal expenses of the company consist of the following types of costs:
2019 in 000 dinars 2018 in 000
dinars
Wage costs and wage compensation (gross) 16.075 31.809
Costs taxes and wage contributions wage compensation 2.752 5.764
costs Compensation fees under employment contracts 158 2.846
Compensation costs based on lease agreements 7.821 8.625
Compensation costs under temporary and occasional contracts 577 424
Other personal expenses and fees 2.129 8.195
TOTAL 29.512 57.663
KONSING GROUP LTD BELGRADE
Bulevar Peka Dapcevica 25, 11000 Belgrade, Serbia Identification Number: 06968759, Tax Identification Number: 100062892 T.: +381 11 7151 707
[email protected] www.konsing.com
8. COSTS OF PRODUCTION SERVICES
The costs of the Company's production services consist of the following types of expenses:
2019 in 000 dinars 2018 in 000
dinars
Costs of performance 89.544 94.494
Costs of transport services 1.108 1.813
Costs of transport services Costs of maintenance services 3.411 4.648
Costs of rent 44.317 45.119
Costs of advertising and propaganda 45 0
Other costs of production services 411 525
TOTAL 138.836 146.599
The Company leases certain real estate, land and equipment from legal entities and individuals. Leases where the lessor retains
substantially all the risks and rewards of ownership are classified as operating leases. Payments made under an operating lease
are charged to the income statement on a straight-line basis over the term of the lease.
9. COSTS OF AMORTIZATION AND RESERVATION
The company's depreciation and provisioning costs consist of the following types of costs
2019 in 000 dinars 2018.година
in 000 dinars
Depreciation costs 3.289 4.608
TOTAL 3.289 4.608
Depreciation for 2019 amounts to RSD 3,289 thousand (for 2018: RSD 4,608 thousand) and is included in operating
expenses for the reporting period.
The Company did not calculate and reserve for employee benefits in accordance with IAS 19 - Employee Benefits because
management estimated that the effect on the presented financial statements would not be material, and that the cost of
obtaining that information would outweigh the benefits.
10. Intangible costs
The Company's intangible costs consist of the following types of expenses:
2019 in 000 dinars 2018 in 000
dinars
Costs of non-productive services 6.349 6.954
Representation costs 485 266
Costs of insurance premiums 306 556
Costs of payment transactions 310 485
Tax costs 880 695
Other intangible costs 1.394 2.103
TOTAL 9.724 11.059
KONSING GROUP LTD BELGRADE
Bulevar Peka Dapcevica 25, 11000 Belgrade, Serbia Identification Number: 06968759, Tax Identification Number: 100062892 T.: +381 11 7151 707
[email protected] www.konsing.com
11. FINANCIAL INCOME
The Company's financial income consists of the following types of income:
2019 in 000 dinars 2018 in 000
dinars
Interest income 2 26
Positive foreign exchange gains 32 83
Income based on the effect of the currency clause 16 39
TOTAL 50 148
12. FINANCIAL EXPENSES
The Company's financial expenses consist of the following types of expenses:
2019 in 000 dinars 2018 in 000
dinars
Interest expenses 396 467
Negative exchange rate differences 223 499
Expenses based on the effect of the currency clause 58 44
TOTAL 677 1.010
13. OTHER INCOME
Other revenues of the Company consist of the following types of revenues:
2019 in 000 dinars 2018 in 000
dinars
Gains from sale of equipment 305 1.683
Revenues from reduction of liabilities 702 4.989
Other unmentioned revenues 281 1.101
TOTAL 1.288 7.773
The structure of income from the reduction of liabilities consists of a direct write-off of obsolete liabilities in the amount of
702 thousand dinars.
14. OTHER EXPENSES
Other expenses of the company consist of the following types of expenses:
2019 in 000 dinars 2018 in 000
dinars
Losses from sale of equipment 156 0
Losses from sale of equity 0 100
Expenses from direct write-off of receivables 1.261 17.976
Other unmentioned expenses 1.459 303
Impairment of investment property 0 2.681
Impairment of value of materials 0 2.727
TOTAL 2.876 23.787
KONSING GROUP LTD BELGRADE
Bulevar Peka Dapcevica 25, 11000 Belgrade, Serbia Identification Number: 06968759, Tax Identification Number: 100062892 T.: +381 11 7151 707
[email protected] www.konsing.com
The company made a direct write-off, at the expense of expenses, of obsolete receivables in the amount of 1,261 thousand
dinars.
15. PROPERTY, PLANT AND EQUIPMENT
The condition and changes in the company's real estate, plant and equipment are shown in the table.
Construction
objects
Plant
and equipment
Land TOTAL
Purchase value
Initial balance - 01.01.2019. 626 71.336 0 71.962
Procurement and other increases 0 552 0 552
Alienation and expenditure 0 43.422 0 43.422
Final situation-31.12.2019. 626 28.466 0 29.092
Value adjustment
Initial balance - 01.01.2019. 210 65.206 0 65.416
Depreciation 16 2.852 0 2.868
Alienation and expenditure 0 40.971 0 40.971
Final balance-31.12.2019. 226 27.086 0 27.312
Current value 416 6.130 0 6.546
31.12.2019. 400 1.380 0 1.780
31.12.2018. 416 6.130 0 6.546
The decrease in the position of plant and equipment in the amount of 40,971 thousand dinars and refers to:
- sale of equipment and
- handing over old and used equipment to waste.
16. INVESTMENT PROPERTY
The account changes were as follows:
31.12.2019.
in 000 dinars
31.12.2018
in 000 dinars
Balance at the beginning of the year 267.787 270.469
Increase 0 0
Decrease 0 2.682
Balance at the end of the year 267.787 267.787
The Company leases investment real estate to mobile telephony operators.
17. OTHER LONG - TERM FINANCIAL INVESTMENTS
31.12.2019.
in 000 dinars
31.12.2018.
in 000 dinars
Long-term deposits 3.963 4.091
TOTAL 3.963 4.091
KONSING GROUP LTD BELGRADE
Bulevar Peka Dapcevica 25, 11000 Belgrade, Serbia Identification Number: 06968759, Tax Identification Number: 100062892 T.: +381 11 7151 707
[email protected] www.konsing.com
18. LONG - TERM RECEIVABLES
31.12.2019.
in 000 dinars
31.12.2018.
in 000 dinars
Other long-term placements 4.235 4.256
TOTAL 4.235 4.266
19. DEFERRED TAX ASSETS
31.12.2019.
in 000 dinars
31.12.2018.
in 000 dinars
Deferred tax assets 0 255
TOTAL 0 255
Deferred tax assets relate to the difference between the net book value according to tax and accounting regulations.
20. SUPPLIES
31.12.2019.
in 000 dinars
31.12.2018
in 000 dinars
Material 10.081 10.380
Goods in stock at other legal entities 392 392
Advances 3.954 5.294
TOTAL 14.427 16.066
The inventory with stocks as of December 31, 2019 was performed by the appointed commission by Decision No. 742/2019
of December 20, 2019. The study on the census was adopted on January 23, 2020 and all corrections were made in such a
way that the stated book balance of inventories corresponds to the actual state.
21. RECEIVABLES IN RESPECT OF SALE
31.12.2019.
in 000 dinars
31.12.2018.
in 000 dinars
Customers in the country 32.616 26.395
Customers abroad 208 6.173
TOTAL 32.824 32.568
The company has a harmonized situation with all significant customers.
22. OTHER RECEIVABLES
31.12.2019.
in 000 dinars
31.12.2018.
in 000 dinars
Receivables from funds based on basic payment of fees 0 318
Other receivables 120 272
TOTAL 120 590
KONSING GROUP LTD BELGRADE
Bulevar Peka Dapcevica 25, 11000 Belgrade, Serbia Identification Number: 06968759, Tax Identification Number: 100062892 T.: +381 11 7151 707
[email protected] www.konsing.com
23. CASH EQUIVALENTS AND CASH
31.12.2019.
in 000 dinars
31.12.2018.
in 000 dinars
Current account -SOCIETE GENERALE BANK 7 7
Current account -SOCIETE GENERALE -Наменски 2 2
Current account - DIREKTNA банка 423 224
Current account -RAIFFEISEN BANKA 7 7
Current account -UNICREDIT BANKA 4 2
Current account -SBERBANKA 2 22
Foreign currency account -USD- DIREKTNA 0 3
Foreign currency account -NOK-DIREKTNA 1.213 0
Main box office 11 3
Cash in business accounts with banks 200 200
TOTAL 1.869 470
24. ACTIVE DEFERRED INCOME
31.12.2019.
in 000 dinars
31.12.2018.
in 000 dinars
Active accruals 205 5.027
TOTAL 5.027
25. SHARE AND OTHER CAPITAL
31.12.2019.
у 000 дин.
31.12.2018.
у 000 дин.
Shares - founders individuals 9.386 9.386
Shares COM GROUP INTERNATIONAL 4.675 4.675
TOTAL 14.061 14.061
26. RESERVES
31.12.2019.
in 000 dinars
31.12.2018.
in 000 dinars
Legal reserves 3.643 3.643
Statutory reserves 897 897
TOTAL 4.540 4.540
KONSING GROUP LTD BELGRADE
Bulevar Peka Dapcevica 25, 11000 Belgrade, Serbia Identification Number: 06968759, Tax Identification Number: 100062892 T.: +381 11 7151 707
[email protected] www.konsing.com
27. RETAINED EARNINGS AND LOSSES
31.12.2019.
in 000 dinars
31.12.2018.
in 000 dinars
Retained earnings of previous years 207.243 207.243
Profit for the current year 4.680 0
Balance as of 31.12. 211.923 207.243
Loss for the current year 0 26.078
Loss for previous years 26.078 0
Balance as of 31.12. 26.078 26.078
28. DEFERRED TAX LIABILITIES
31.12.2019.
in 000 dinars
31.12.2018.
in 000 dinars
Deferred tax liabilities 1.068 0
TOTAL 1.068 0
Deferred tax liabilities relate to the difference between the net book value according to tax and accounting regulations.
29. SHORT - TERM FINANCIAL LIABILITIES
31.12.2019.
in 000 dinars
31.12.2018.
in 000 dinars
Part of long-term financial leasing liabilities maturing up to 1 year 0 2.859
Other short-term financial liabilities 3.405 3.405
TOTAL 3.405 6.264
30. BUSINESS DUTIES
31.12.2019.
in 000 dinars
31.12.2018.
in 000 dinars
Advances received deposits and bails 7.984 15.342
Suppliers in the country 34.895 32.958
Suppliers abroad 6.689 9.834
TOTAL 49.568 58.134
Trade payables are aligned with those suppliers from which we received IOS. Balances are adjusted with other suppliers as
agreed during the year.
KONSING GROUP LTD BELGRADE
Bulevar Peka Dapcevica 25, 11000 Belgrade, Serbia Identification Number: 06968759, Tax Identification Number: 100062892 T.: +381 11 7151 707
[email protected] www.konsing.com
31. OTHER SHORT - TERM LIABILITIES
31.12.2019.
in 000 dinars
31.12.2018.
in 000 dinars
Liabilities based on salaries and salary compensations
Liabilities for net salaries and salary compensations 931 978
Liabilities for payroll taxes and wage compensations at the expense of the
employee
113 126
Liabilities for salary contributions and salary compensations at the expense
of the employee
269 295
Obligations for salary contributions and salary compensations at the
expense of the employer
226 254
Liabilities for net refunds of salaries that are refunded 0 79
Tax liabilities and contributions to employee benefit reimbursements that
are refundable
0 32
Liabilities for taxes and contributions to salary compensations at the
expense of the employer that are refunded
0 20
Тоtal 1.539 1.784
Other obligations
Liabilities to natural persons for fees under contracts 403 2.239
Other liabilities 62.125 63.218
Тоtal 62.528 65.457
TOTAL 64.067 67.241
Liabilities based on salary refer to the salary for December 2019, which was calculated but not paid. The obligations were
settled in January 2020.
The largest part of other liabilities, in the amount of RSD 62,021 thousand, relates to the gross liability for profit sharing to the founder – ComGroup Intel..
32. LIABILITIES IN RESPECT OF VAT AND OTHER PUBLIC REVENUES AND ACCRUED INCOME AND
DEFERRED INCOME
31.12.2019.
in 000 dinars
31.12.2018.
in 000 dinars
Liabilities based on VAT 1.008 495
Liabilities based on taxes, contributions and other duties 668 3.307
Accrued costs and deferred revenue 3.404 3.426
TOTAL 5.080 7.228
Liabilities based on value added tax for December 2019 were settled by payment from January 15, 2020.
33. LITIGATION
The company is on 31.12.2019. had a court case in the Third Basic Court in Belgrade. In litigation, Konsing group ltd was
sued by former employee Dejan Milosevic for unpaid wages.
KONSING GROUP LTD BELGRADE
Bulevar Peka Dapcevica 25, 11000 Belgrade, Serbia Identification Number: 06968759, Tax Identification Number: 100062892 T.: +381 11 7151 707
[email protected] www.konsing.com
34. PLEDGE OBLIGATIONS
The company on 31.12.2019. had the following registered pledges on receivables, in favor of pledge creditors:
Pledge creditor Basic amount of secured receivables Stock number
1. „Sberbank Srbija“ ad Belgrade 200.000,00 RSD 2853/2018
35. FOREIGN EXCHANGE RATES
The official exchange rates (official middle exchange rate of the National Bank of Serbia) of foreign currencies used for
conversion into the dinar equivalent of foreign currency balance sheet items are as follows:
31.12.2019. 31.12.2018.
EUR 117,5928 118,1946
NOK 11,9017 11,8769
USD 104,9186 103,3893
In Belgrade, June 24, 2020.
Person responsible for compiling financial statements Legal representative
TRANSLATION FROM SERBIAN INTO ENGLISH
Name: KONSING GROUP DOO BELGRADE
Registered office: BELGRADE, Bulevar Peka Dapcevica 25
BALANCE SHEET
On December 31, 2018 in thousands of RSD
Group accounts
, account
POSITION AOP
Note numb
er
Amount
Previous Year
Current Year
End state 31.12.2015
Initial state
01.01.2015
1 2 3 4 5 6 7
ASSETS
00 A. SUBSCRIBED AND PAIDIN CAPITAL 0001
B. FIXED ASSETS (0003 + 0010 + 0019 + 0024 + 0034)
0002 283.257 290.841 550.213
01 I. INTANGIBLE ASSETS (0004 + 0005 + 0006 + 0007 + 0008 + 0009)
0003 577 1.449 2.764
010 and part 019
1.Investments in development 0004
011, 012 and part
019
2. Concessions , patents , licenses, trademarks, service marks , software and other rights
0005 577 1.449 2.764
013 and part 019
3.Goodwill 0006
014 and part 019
4.Other intangible assets 0007
015 and part 019
5.Intangible assets in progress 0008
016 and part 019
6. Advances for intangible assets 0009
02 II. PROPERTY, PLANT AND EQUIPMENT (0011+0012+0013+0014+0015+0016+0017+0018)
0010 274.333 280.655 522.226
020, 021 and part
029 1.Land 0011 16 22.964
022 and part 029
2.Building Structures 0012 16 416 432 205.140
023 and part 029
3. Plant and Equipment 0013 16 6.130 9.754 15.151
024 and part 029
4. Investment properties 0014 17 267.787 270.469 278.971
025 and part 029
5. Other property, plant and equipment 0015
026 and part 029
6. Property, plant and equipment in preparation 0016
027 and part 029
7. Leasehold property, plant and equipment 0017
028 and part 029
8. Advances for property , plant and equipment 0018
03 III. BIOLOGICAL RESOURCES (0020 + 0021 + 0022 + 0023)
0019
030, 031
and part 039
1.Woods and plants 0020
032 and part 039
2.Basic herd 0021
037 and part 039
3.Biological assets in preparation 0022
038 and part 039
4.Advances for biological agents 0023
04, except
047
IV. LONG TERM INVESTMENTS (0025+0026+0027+0028+0029+0030+0031+0032+0033)
0024 4.091 4.471 5.898
040 and part 049
1.Shares in subsidiaries 0025 18 100 2.359
041 and part 049
2. Shares in associated companies and joint ventures
0026
042 and part 049
3. Shares in other legal entities and other securities available for sale
0027
part 043,
part 044 and part
049
4. Longterm investments parent company and subsidiaries faces
0028
part 043,
part 044 and part
049
5.Longterm placements with other related parties 0029
part 045 and part
049 6.Longterm investments in the country 0030
part 045 and part
049 7.Longterm investments abroad 0031
046 and part 049
8.Securities held to maturity 0032
048 and part 049
9. Other longterm investments 0033 19 4.091
4.371 3.539
05 V. LONGTERM RECEIVABLES (0035+0036+0037+0038+0039+0040+0041)
0034 20 4.256 4.266 19.325
050 and part 059
1. Receivables from parent companies and subsidiaries 0035 14.817
051 and part 059
2.Receivables from other related parties 0036
052 and part 059
3. Receivables from the sale of the commodity loan 0037 4.256 4.266 4.508
053 and part 059
4. Receivables for sale by contracts financial leasing
0038
054 and part 059
5.Claims based on the bail 0039
055 and part 059
6.Disputed and doubtful receivables 0040
056 and part 059
7.Other longterm receivables 0041
288 V. DEFERRED TAX ASSETS 0042 21 255 556 4.779
G. CURRENT ASSETS (0044+0051+0059+0060+0061+0062+0068+0069+0070)
0043 55.121 144.048 131.243
Class 1 I. INVENTORIES (0045+0046+0047+0048+0049+0050)
0044 22 16.066 22.709 40.294
10 1.Supplies , spare parts , tools and inventory 0045 10.380 16.254 31.522
11 2.Work in progress and unfinished services 0046 2.795
12 3.Finished Products 0047
13 4. Goods 0048 392 856 856
14 5.Fixed assets held for sale 0049
15 6.Advances paid to suppliers 0050 5.294 5.599 5.121
20 II. RECEIVABLES FROM SALE (0052+0053+0054+0055+0056+0057+0058)
0051 23 32.568 80.479 61.106
200 and part 209
1.Domestic parent and subsidiaries 0052 3.103
201 and part 209
2.Buyers abroad parent and subsidiaries 0053 11.261 14.328
202 and part 209
3.Domestic other related parties 0054
203 and part 209
4. Buyers abroad other related parties 0055
204 and part 209
5. Domestic 0056 23.395 68.503 37.139
205 and part 209
6.Buyers abroad 0057 6.173 715 6.536
206 and part 209
7.Other receivables from sales 0058
21 III. Receivables from specific products 0059
22 IV. OTHER RECEIVABLES 0060 24 590
3.547 1.873
236 FINANCIAL RESOURCES TO BE MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS
0061
23 except
236 and 237
VI. SHORT TERM INVESTMENTS (0063+0064+0065+0066+0067)
0062 100
230 and part 239
1. Shortterm loans and investments parent and subsidiaries
0063
231 and part 239
2. Shortterm credits and loans stay connected legal entities
0064
232 and part 239 3.Shortterm loans and loans in the country 0065 100
233 and part 239 4.Shortterm loans and loans abroad 0066
234, 235,
238 and part 239
5.Other shortterm financial investments 0067
24 VII. CASH AND CASH EQUIVALENTS 0068 25 470 23.092 5.368
27 VIII. VALUE ADDED TAX 0069 400 1.041 35928
except 288
IX. ACCRUED 0070 26 5.027 13.180 22.143
D. TOTAL OPERATING ASSETS=OPERATING ASSETS (0001+0002+0042+0043)
0071 338.633 435.445 686.235
88 DJ. OFFBALANCE SHEET ASSETS 0072
LIABILITIES
А. CAPITAL (0402+0411 0412+0413+0414+0415 0416+0417 +0420 0421) ≥ 0 = (0071 0424 0441 0442)
0401 199.766 239.974 269.175
30 1.SHARE CAPITAL (0403+0404+0405+0406+0407+0408+0409+0410) 0402 27 14.061 14.061 14.061
300 1.Share capital 0403
301 2.The shares of limited liability companies 0404 14.061 14.061 14.061
302 3.Shares 0405
303 4.State capital 0406
304 5.Social Capital 0407
305 6.Cooperative shares 0408
306 7.Share premium 0409
309 8.Other capital 0410
31 II. SUBSCRIBED AND PAIDIN CAPITAL 0411 047 and
237 III. TREASURY SHARES 0412
32 IV. RESERVES 0413 28 4.540 4.540 4.540
330 V. Revaluation reserves based on Revaluation of intangible assets , PROPERTY, PLANT AND EQUIPMENT
0414
33 except
330
VI. UNREALIZED GAINS ON SECURITIES SECURITIES AND OTHER COMPONENTS OTHER COMPREHENSIVE RESULTS ( Credit balance accounts of group 33 except 330 )
0415
33 except
330
VII. UNREALIZED LOSSES ON SECURITIES SECURITIES AND OTHER COMPONENTS OTHER COMPREHENSIVE RESULTS
( Credit balance accounts of group 33 except 330 )
0416
34 VIII. RETAINED EARNINGS (0418+0419) 0417 29 207.243 238.818 250.574
340 1.Profit from previous years 0418 207.243 224.826 230.394
341 2.Profit for the current year 0419 13.992 20.180
IX. Noncontrolling interests 0420
35 X. LOSS (0422+0423) 0421 26.078 17.445
350 1.Loss of previous year 0422 17.445
351 2.Loss of current year 0423 26.078
B. LONGTERM PROVISIONS AND LIABILITIES (0425+0432)
0424 2.866 64.125
40 I. LONGTERM PROVISIONS (0426+0427+0428+0429+0430+0431)
0425
400 1.For expenses in warranty period 0426
401 2. For restoration of natural resources 0427
403 3.Provisions for restructuring costs 0428
404 4.Provision for retirement and other employee benefits 0429
405 5.Provision for lawsuits 0430 402 and
409 6.Other longterm provisions 0431
41 II. LONGTERM LIABILITIES (0433+0434+0435+0436+0437+0438+0439+0440)
0432 30 2.866 64.125
410 1.Liabilities convertible in capital 0433
411 2.Due to parent companies and subsidiaries 0434
412 3.Due to other related parties 0435
413 4. payable securities in for more than one day 0436
414 5.Longterm loans and loans in the country 0437 57.897
415 6.Longterm loans and loans abroad 0438
416 7.Liabilities arising from finance lease 0439 2.866 6.528
419 8.Other longterm liabilities 0440
498 В. DEFERRED TAX LIABILITIES 0441
42 to 49 (except
498)
Г. SHORTTERM LIABILITIES (0443+0450+0451+0459+0460+0461+0462)
0442 138.867 192.605 352.935
42 I. CURRENT LIABILITIES (0444+0445+0446+0447+0448+0449)
0443 31 6.264 16.033 96.300
420 1. Shortterm loans from its parent and subsidiary legal entities
0444
421 2. Shortterm loans from other related parties 0445
422 3.Shortterm credits and loans in the country 0446 9.231
423 4.Shortterm borrowings abroad 0447
427 5. Liabilities on fixed assets and assets discontinued operations held for sale
0448
424, 425,
426 and 429
6.Other current financial liabilities 0449 6.264 6.802 96.300
430 II. ADVANCES AND DEPOSITS 0450 32 15.342 27.609 48.58143
except 430
III. BUSINESS DUTIES (0452+0453+0454+0455+0456+0457+0458)
0451 32 42.792 58.159 62.183
431 1.Suppliers parent and subsidiaries in the country 0452
432 2. Suppliers parent and subsidiaries in abroad 0453 5.045 11.020
433 3.Suppliers other related parties in the country 0454
434 4.Suppliers Other related legal entities abroad 0455
435 5.Suppliers in the country 0456 32.958 34.819 39.478
436 6.Foreign suppliers 0457 9.843 18.295 11.685
439 7.Other operating liabilities 0458 44, 45
and 46
IV. OTHER CURRENT LIABILITIES 0459 33 67.241 77.031 140.653
47 V. LIABILITIES FOR ADDED TAX VALUE 0460 34 495 3.263 882
48 VI. Other taxes , contributions AND OTHER DUTIES
0461 34 3.307 6.965 3.817
49 except
498 VII. ACCRUALS 0462 34 3.426 3.545 519
Д. LOSS ABOVE CAPITAL VALUE (0412+0416+0421 0420 0417 0415 0414 0413 0411 0402) ≥ 0 = (0441+0424+0442 0071) ≥ 0
0463
DJ. TOTAL LIABILITIES (0424+0442+0441+0401 0463) ≥ 0 0464 338.633 435.4485 686.235
89 Е. OFF BALANCE SHEET LIABILITIES 0465
TRANSLATION FROM SERBIAN INTO ENGLISH
Name: KONSING GROUP DOO BELGRADE Registered office: BELGRADE, Bulevar Peka Dapcevica 25
INCOME STATEMENTS for the period from 01.01. to 31.12.2018
- in thousands of RSD -
Group
accounts,
account
P O S I T I O N АОP Note
number
Amount
Current Year Previous Year
1 2 3 4 5 6
INCOME FROM OPERATIONS
60 to 65,
except
62
and 63
А. OPERATING INCOME (1002+1009+1016+1017) 1001 227.438 362.516
60 I. INCOME FROM SALE OF GOODS
(1003+1004+1005+1006+1007+1008) 1002 178
600 1. Income of merchandise to parent and subsidiaries
persons in the domestic market 1003
601 2. Income of merchandise to parent and subsidiaries
persons on foreign market 1004
602 3. Income of goods other related legal
persons in the domestic market 1005
603 4. Income of goods other related legal
persons on foreign market 1006
604 5. Income of goods on the domestic market 1007
144
605 6. Income of goods on foreign market 1008
34
61 II. INCOME OF PRODUCTS AND SERVICES
(1010+1011+1012+1013+1014+1015) 1009 4 121.630 253.032
610 1. Income from sales of products and services and the
parent subsidiaries in the domestic market 1010
611 2. Income from sales of products and services and the
parent subsidiaries in foreign markets 1011 9.195 79.698
612 3. Income from sale of goods and services to other
related parties in the domestic market 1012
613 4. Income from sales of goods and services to other
related parties in the international market 1013
614 5. Income from sales of products and services on
domestic market 1014 94.767 122.043
615 6. Income of finished products and services
foreign market 1015 17.668 51.291
64 III. Income from premiums, subsidies,
Grants, donations, etc. 1016
65 IV. OTHER OPERATING INCOME
EXPENSES 1017 5 105.630 109.484
Operating expense
50 to 55,
62 and
63
Б. BUSINESS EXPENSES
(1019 - 1020 - 1021+1022+1023+1024+1025
+1026+1027+1028+1029) ≥ 0
1018 236.339 385.700
50 I. COST OF GOODS SOLD 1019
62 II. REVENUES FROM ACTIVATION OF GOODS
AND EFFECTS 1020 6 1.136
630 III. INCREASE IN VALUE STOCKS - finished and
finished products and unfinished SERVICES 1021
631 IV. DECREASE IN VALUE STOCKS - finished and
finished products and unfinished SERVICES 1022 2.795
51
except
513
V. COST OF MATERIALS 1023 7 4.874 21.578
513 VI. COST OF FUEL AND ENERGY 1024 7 11.536 18.659
52 VII. SALARIES , WAGES
AND OTHER PERSONNEL EXPENSES 1025 8 57.663 146.254
53 VIII. COSTS OF PRODUCTION 1026 9 146.599 162.998
540 IX. DEPRECIATION 1027 10 4.608 11.639
541 to
549 X. COSTS OF LONG-TERM PROVISIONS 1028
55 XI. IMMATERIAL COSTS 1029 11 11.059 22.913
V. OPERATING PROFIT (1001 - 1018) ≥ 0 1030
g. OPERATING LOSS (1018 - 1001) ≥ 0 1031 8.901 21.184
66 D. FINANCE INCOME (1033+1038+1039)
1032
12 148 9.346
66,
except
662, 663
and 664
I. FINANCIAL REVENUES FROM RELATED
PERSONS AND OTHER FINANCIAL INCOME
(1034+1035+1036+1037)
1033 984
660 1. Financial income from parent companies and
subsidiaries 1034 984
661 2. Financial income from other related parties 1035
665 3. Income from participation in profit of associated
legal entities and joint ventures 1036
669 4. Other finance income 1037
662 II. INTEREST INCOME (FROM THIRD PARTIES) 1038 26 56
663 and
664
III. FOREIGN EXCHANGE GAINS AND POSITIVE
EFFECTS OF CURRENCY CLAUSE
(BY THIRD PARTIES)
1039 122 8.306
56 DJ. FINANCIAL EXPENSES (1041+1046+1047) 1040 13 1.010 12.082
56,
except
562, 563
and 564
I. FINANCIAL EXPENSES RELATIONS
RELATED PARTIES AND OTHER FINANCIAL
EXPENSES (1042+1043+1044+1045)
1041 1.190
560 1. Finance expenses from relations with parent and
subsidiary legal entities 1042 1.190
561 2. Financial expenses from other related
legal entities 1043
565 3. Expenses from participation in loss of associated
legal entities and joint ventures 1044
566 and
569 4. Other financial expenses 1045
562 II. INTEREST EXPENSES ( BY THIRD PARTIES) 1046 467 7.325
563 and
564
III. FOREIGN EXCHANGE GAINS AND
NEGATIVE EFFECTS OF CURRENCY CLAUSE
( BY THIRD PARTIES)
1047 543 3.567
15.553 Е. PROFIT FROM FINANCING (1032 - 1040) 1048
Z. LOSS FROM FINANCING (1040 -1032) 1049 862 2.736
683 and
685
Z. INCOME ADJUSTMENT
Other assets carried at FER VALUE THROUGH
PROFIT OR LOSS
1050
583 and
585
I. LOSS FROM VALUE ADJUSTMENT
Other assets carried at FER VALUE THROUGH
PROFIT OR LOSS
1051
67 and
68,
except
683 and
685
Ј. OTHER INCOME 1052 14 7.773 65.542
57 and
58,
except
583 and
585
К. OTHER EXPENSES 1053 15 23.787 16.706
L. PROFIT FROM OPERATIONS
BEFORE TAX
(1030 - 1031+1048 - 1049+1050 - 1051+1052 - 1053)
1054 22.916
Lj. LOSS FROM OPERATIONS
BEFORE TAX
(1031 - 1030+1049 - 1048+1051 - 1050+1053 - 1052)
1055 25.777
69-59
М. NET PROFIT FROM SUSPENDED , THE
EFFECTS OF CHANGES ACCOUNTING POLICIES
AND CORRECTION ERRORS OF PREVIOUS
PERIOD
1056
59-69
N. NET LOSS FROM SUSPENDED , EXPENSES
FOR CHANGES ACCOUNTING POLICIES AND
CORRECTION ERRORS OF PREVIOUS PERIOD
1057
Nj. PROFIT BEFORE TAX
(1054 - 1055+1056 - 1057) 1058 22.916
О. LOSS BEFORE TAX (1055 - 1054+1057 - 1056) 1059 25.777
P. INCOME TAXES
721 I. Income tax expense 1060 4.671
part 722 II. Deferred tax expense 1061 301 4.253
part 722 III. Deferred income tax 1062
723 R. EARNINGS PAID EMPLOYER 1063
S. NET PROFIT (1058 - 1059 - 1060 - 1061 + 1062 -
1063) 1064 13.992
T. NET LOSS (1059 - 1058 + 1060 + 1061 -1062 +
1063) 1065 25.078
I. NET PROFIT OF THE
MINORITY SHAREHOLDERS 1066
II. NET PROFIT DUE TO
Majority owner 1067
III. NET LOSS BELONGING
MINORITY SHAREHOLDERS 1068
IV. NET LOSS BELONGING
Majority owner 1069
V. EARNINGS PER SHARE
1. Basic earnings per share 1070
2. Reduced (diluted) earnings per share 1071
TRANSLATION FROM SERBIAN INTO ENGLISH
Name: KONSING GROUP DOO BELGRADE
Registered office: BELGRADE, Bulevar Peka Dapcevica 25
REPORT ON OTHER RESULTS
for the period from 01.01.2018 to 31.12.2018 year
- in thousands of RSD -
Group
account
s,accou
nt
POSITION АОP
Note Amount
number Current Year Previous Year
1 2 3 4 5 6
А. NET RESULT FROM OPERATIONS
I. NET INCOME (AOP 1064) 2001
29
20.180
II. NET LOSS (AOP 1065) 2002
29
26.078
Б. OTHER COMPREHENSIVE PROFIT OR LOSS
а) Items that will be reclassified in the income
statement in future periods
330
1. Changes in the revaluation of intangible assets ,
property, plant and equipment
а) increase in revaluation reserves 2003
б) decrease in revaluation reserves 2004
331
2. Actuarial gains and losses on defined benefit plans
а) gains 2005
б) losses 2006
332
3. Gains or losses on investments in equity capital
instruments
а) gains 2007
б) losses 2008
333
4. Gains or losses on shares in other comprehensive
gain or loss of associates
а) gains 2009
б) losses 2010
б) Items that can be subsequently reclassified into the income statement in future periods
334
1. Gains or losses on translation of financial statements
of foreign operations
а) gains 2011
б) losses 2012
Група
ПОЗИЦИЈА АОП
Напомена Износ
рачуна, рачун
број Текућа година Претходна година
1 2 3 4 5 6
335
2. Gains or losses on hedging instruments of a net
investment in a foreign operation
а) gains 2013
б) losses 2014
336
3. Gains or losses on hedging instruments risk
(hedging ) cash flow
а) gains 2015
б) losses 2016
337
4. Gains or losses on securities available for sale
а) gains 2018
б) losses 2018
I. OTHER COMPREHENSIVE INCOME GROSS
(2003 + 2005 + 2007 + 2009 + 2011 + 2013 + 2015 + 2018) - (2004 + 2006 + 2008 + 2010 + 2012 + 2014 + 2016 + 2018) ≥ 0
2019
II. GROSS OTHER COMPREHENSIVE LOSS (2004 +
2006 + 2008 + 2010 + 2012 + 2014 + 2016 + 2018) - (2003 + 2005 + 2007 + 2009 + 2011 + 2013 + 2015 + 2018) ≥ 0
2020
III. TAX ON OTHER COMPREHENSIVE PROFIT
OR LOSS FOR THE PERIOD 2021
IV. NET OTHER COMPREHENSIVE INCOME (2019 - 2020 - 2021) ≥ 0
2022
V. NET OTHER COMPREHENSIVE LOSS (2020 - 2019 + 2021) ≥ 0
2023
В. TOTAL COMPREHENSIVE NET RESULT FOR
THE PERIOD
I. TOTAL NET COMPREHENSIVE INCOME (2001 - 2002 + 2022 - 2023) ≥ 0
2024
29
20.180
II. TOTAL NET COMPREHENSIVE LOSS (2002 - 2001 + 2023 - 2022) ≥ 0
2025
29
26.078
Г. TOTAL NET COMPREHENSIVE PROFIT OR
LOSS ( 2027 + 2028 ) = 2024 AOP ≥ 0 or AOP 2025 >
0
2026
1. Attributable to majority owners of capital 2027
2. Attributable to owners who do not have control 2028
TRANSLATION FROM SERBIAN INTO ENGLISH
Name: KONSING GROUP DOO BELGRADE
Registered office: BELGRADE, Bulevar Peka Dapcevica 25
CASH FLOW STATEMENT
for the period from 01.01.2018 to 31.12.2018 year
- in thousands of RSD -
Position АОP Amount
Current Year Previous Year
1 2 3 4
А. CASH FLOWS FROM OPERATING ACTIVITIES 3001 280.714 344.161
I. Cash flow from operating activities ( 1 to 3)
1. Sales and advances received 3002 275.638 342.240
2. Interest received from operating activities 3003
3. Other proceeds from operating activities 3004 5.076 1.921
II. Cash outflows from operating activities ( 1 to 5) 3005 275.526 420.429
1. Payments to suppliers 3006 186.484 192.716
2. Salaries, wages and other personal expenses 3007 66.086 200.623
3. interest paid 3008 258 6.776
4. Income tax 3009 2.471
5. Outflows from other public revenues 3010 20.227 20.314
III. Net cash inflow from operating activities (I-II) 3011 5.188
IV. Net cash outflow from operating activities (II-I) 3012 76.268
Б. CASH FLOWS FROM INVESTING ACTIVITIES 3013 262.198
I. Cash flow from investing activities (1 to 5)
1. Sale of shares and stakes (net inflows) 3014
2. Sale of intangible assets , property, plant , equipment and biological assets 3015 262.198
3. Other financial investments (net inflows) 3016
4. Interest received from investing activities 3017
5. dividends received 3018
II. Cash outflows from investing activities ( 1 to 3) 3019 14.131 23.635
1. Purchase of shares ( net outflow) 3020 14.131 23.635
2. Purchase of intangible assets , property, plant , equipment and biological
assets 3021
3. Other financial investments (net outflows ) 3022
III. Net cash inflow from investing activities (I -II ) 3023
238.563
IV. Net cash outflow from investing activities ( I - II ) 3024
14.131
В. CASH FLOWS FROM FINANCING ACTIVITIES 3025
I. Cash flow from financing activities (1 to 5)
1. Increase in capital 3026
2. Long-term loans (net inflows ) 3027
3. Short-term loans (net inflows ) 3028
4. Other long-term liabilities 3029
5. Other current liabilities 3030
II. Cash used in financing activities (1 to 6) 3031 13.454 143.021
1. Purchase of own shares and stakes 3032
2. Long-term borrowings ( outflows ) 3033 9.214 136.145
3. Short-term borrowings ( outflows ) 3034
4. Other liabilities ( outflows ) 3035 485 2.756
5. Financial leasing 3036 3.755 4.120
6. dividends paid 3037
III. Net cash inflow from financing activities (I-II) 3038
IV. Net cash outflow from financing activities (II-I) 3039 13.454 143.021
Г. TOTAL CASH INFLOW ( 3001 + 3013 + 3025 ) 3040 280.714 606.359
Д. TOTAL CASH OUTFLOW ( 3005 + 3019 + 3031 ) 3041 303.111 587.085
Ђ. NET CASH INFLOW (3040 - 3041) 3042 19.274
Е. NET CASH OUTFLOW (3041 - 3040) 3043 22.397
Ж. CASH AT BEGINNING OF PERIOD 3044 23.092 5.368
З. FOREIGN EXCHANGE GAINS FROM TRANSLATION OF CASH 3045
И. FOREIGN EXCHANGE LOSSES FROM TRANSLATION OF CASH 3046 225 1.550
Ј. CASH AT END OF PERIOD (3042 - 3043 + 3044 + 3045 - 3046)
3047 470 23.092
TRANSLATION FROM SERBIAN INTO ENGLISH
Name: KONSING GROUP DOO BELGRADE
Registered office: BELGRADE, Bulevar Peka Dapcevica 25
STATEMENT OF CHANGES IN EQUITY for the period from 01.01.2018 to 31.12.2018 year
- in thousands of RSD -
No
DESCRIPTION
Components of capital
АО
P
30 АО
P
31 АО
P
32
Basic capital Subscribed
capital unpaid Reserves
1 2 3 4 5
1.
Opening balance of previous years as at
01.01.2017.
a) debit balance account 4001
4019
4037
b ) credit balance account 4002 14.061 4020
4038 4.540
2.
Correction of errors and changes in
accounting policies
a) updates on the debit side of the
account 4003
4021
4039
b ) Adjustments in credit account 4004
4022
4040
3.
Adjusted opening balance of the
previous year on the day 01.01.2017.
a) Adjusted debit balance of the account
( 1a + 2a - 2b ) ≥ 0 4005
4023
4041
b ) adjusted credit balance accounts ( 1b
- 2a + 2b ) ≥ 0 4006 14.061 4024
4042 4.540
4.
Changes to the previous 2017
a) turnover on the debit side of the
account 4007
4025
4043
b ) trade in credit account 4008
4026
4044
5.
Balance at the end of the previous year
31.12.2017.
а) debit balance account (3а + 4а - 4б) ≥ 0
4009
4027
4045
б) credit balance account (3б - 4а + 4б) ≥ 0
4010 14.061 4028
4046 4.540
6.
Correction of errors and changes in accounting policies
a) updates on the debit side of the
account 4011
4029
4047
b ) the correction in credit account 4012
4030
4048
7.
Adjusted opening balance of the current
year as at 01.01.2017.
а) Adjusted debit balance account (5а + 6а - 6б) ≥ 0
4013
4031
4049
б) corrected credit balance account (5б - 6а + 6б) ≥ 0
4014 14.061 4032
4050 4.540
8.
Changes in the current 2017
а) Traffic on the debit side of the account 4015
4033
4051
b ) trade in credit account 4016
4034
4052
9.
Balance at end of current year
31.12 . 2017
a) debit balance account
( 7a + 8a - 8b ) ≥ 0 4017
4035
4053
b ) credit balance account
( 7b - 8a + 8b ) ≥ 0 4018 14.061 4036
4054 4.540
No DESCRIPTION Components of capital
AO
P
35 AOP
047 и 237
AOP
34
Loss Treasury shares
Profit
2 6 7 8
1.
Opening balance of previous years as at
01.01.2017 .
a) debit balance account 4055
4073
4091
b ) credit balance account 4056
4074
4092 250.574
2.
Correction of errors and changes in
accounting policies
a) updates on the debit side of the
account 4057
4075
4093
b ) Adjustments in credit account 4058
4076
4094
3.
Adjusted opening balance of the
previous year on the day 01.01.2017.
a) Adjusted debit balance of the account
( 1a + 2a - 2b ) ≥ 0 4059
4077
4095
b ) adjusted credit balance accounts ( 1b
- 2a + 2b ) ≥ 0 4060
4078
4096 250.574
4.
Changes to the previous 2017
a) turnover on the debit side of the
account 4061 17.445 4079
4097 25.748
b ) trade in credit account 4062
4080
4098 13.992
5.
Balance at the end of the previous year
31.12.2017.
а) debit balance account (3а + 4а - 4б) ≥ 0
4063 17.445 4081
4099
б) credit balance account (3б - 4а + 4б) ≥ 0
4064
4082
4100 238.818
6.
Correction of errors and changes in accounting policies
a) updates on the debit side of the
account 4065
4083
4101
b ) the correction in credit account 4066
4084
4102
7.
Adjusted opening balance of the current
year as at 01.01.2017.
а) Adjusted debit balance account (5а + 6а - 6б) ≥ 0
4067 17.445 4085
4103
б) corrected credit balance account (5б - 6а + 6б) ≥ 0
4068
4086
4104 238.818
8.
Changes in the current 2017
а) Traffic on the debit side of the account 4069 26.078 4087
4105 31.575
b ) trade in credit account 4070 17.445 4088
4106
9.
Balance at end of current year
31.12 . 2017
a) debit balance account
( 7a + 8a - 8b ) ≥ 0 4071
26.078
4089
4107
b ) credit balance account
( 7b - 8a + 8b ) ≥ 0 4072
4090
4108 207.243
No DESCRIPTION
Components of othercomprehensive
AOP
330
AOP
331
AOP
332
Revaluation reserves
Actuarial gains or losses
Gains or losses on investments in
equity capital instruments
1 2 9 10 11
1.
Opening balance of previous years as at
01.01.2017 .
a) debit balance account 4109
4127
4145
b ) credit balance account 4110
4128
4146
2.
Correction of errors and changes in
accounting policies
a) updates on the debit side of the
account 4111
4129
4147
b ) Adjustments in credit account 4112
4130
4148
3.
Adjusted opening balance of the
previous year on the day 01.01.2017.
a) Adjusted debit balance of the account
( 1a + 2a - 2b ) ≥ 0 4113
4131
4149
b ) adjusted credit balance accounts ( 1b
- 2a + 2b ) ≥ 0 4114
4132
4150
4.
Changes to the previous 2017
a) turnover on the debit side of the
account 4115
4133
4151
b ) trade in credit account 4116
4134
4152
5.
Balance at the end of the previous year
31.12.2017.
а) debit balance account (3а + 4а - 4б) ≥ 0
4117
4135
4153
б) credit balance account (3б - 4а + 4б) ≥ 0
4118
4136
4154
6.
Correction of errors and changes in accounting policies
a) updates on the debit side of the
account 4119
4137
4155
b ) the correction in credit account 4120
4138
4156
7.
Adjusted opening balance of the current
year as at 01.01.2017.
а) Adjusted debit balance account (5а + 6а - 6б) ≥ 0
4121
4139
4157
б) corrected credit balance account (5б - 6а + 6б) ≥ 0
4122
4140
4158
8.
Changes in the current 2017
а) Traffic on the debit side of the account 4123
4141
4159
b ) trade in credit account 4124
4142
4160
9.
Balance at end of current year
31.12 . 2017 a) debit balance account
( 7a + 8a - 8b ) ≥ 0 4125
4143
4161
b) credit balance account
( 7b - 8a + 8b ) ≥ 0 4126
4144
4162
No
DESCRIPTION
Components of othercomprehensive
AOP
333
AOP
334 и 335
AOP
336
Gains or losses from equity interest in the rest of the profit or loss of associates
Gains or losses on translation of foreign operations and the financial statements
Gains or losses on cash flow hedging
1 2 12 13 14
1.
Opening balance of previous years
as at 01.01.2017 .
a) debit balance account 4163
4181
4199
b ) credit balance account 4164
4182
4200
2.
Correction of errors and changes in
accounting policies
a) updates on the debit side of the
account 4165
4183
4201
b ) Adjustments in credit account 4166
4184
4202
3.
Adjusted opening balance of the
previous year on the day
01.01.2017.
a) Adjusted debit balance of the
account ( 1a + 2a - 2b ) ≥ 0 4167
4185
4203
b ) adjusted credit balance accounts
( 1b - 2a + 2b ) ≥ 0 4168
4186
4204
4.
Changes to the previous 2017
a) turnover on the debit side of the
account 4169
4187
4205
b ) trade in credit account 4170
4188
4206
5.
Balance at the end of the previous
year 31.12.2017.
а) debit balance account (3а + 4а - 4б) ≥ 0
4171
4189
4207
б) credit balance account (3б - 4а + 4б) ≥ 0
4172
4190
4208
6.
Correction of errors and changes in accounting policies
a) updates on the debit side of the
account 4173
4191
4209
b ) the correction in credit account 4174
4192
4210
7.
Adjusted opening balance of the
current year as at 01.01.2017.
а) Adjusted debit balance account (5а + 6а - 6б) ≥ 0
4175
4193
4211
б) corrected credit balance account (5б - 6а + 6б) ≥ 0
4176
4194
4212
8.
Changes in the current 2017
а) Traffic on the debit side of the account 4177
4195
4213
b ) trade in credit account 4178
4196
4214
9.
Balance at end of current year
31.12 . 2017
a) debit balance account
( 7a + 8a - 8b ) ≥ 0 4179
4197
4215
b ) credit balance account
( 7b - 8a + 8b ) ≥ 0 4180
4198
4216
No
DESCRIPTION
Components of other comprehensive
AOP
Total capital [ Σ (red 1b Aug 3 to Aug 15 ) - Σ (red 1a Aug 3 to Aug
15 ) ] ≥ 0
AOP
Losses in excess of capital [ Σ (red 1a Aug 3 to Aug 15 ) - Σ (red 1b
Aug 3 to Aug 15 ) ] ≥ 0
AOP
337
Gains or losses on securities available for
sale
1 2 15 16 17
1.
Opening balance of previous years
as at 01.01.2017 .
a) debit balance account 4217 4235
269.175 4244
b ) credit balance account 4218
2.
Correction of errors and changes in
accounting policies
a) updates on the debit side of the
account 4219
4236
4245
b ) Adjustments in credit account 4220
3.
Adjusted opening balance of the
previous year on the day
01.01.2017.
a) Adjusted debit balance of the
account ( 1a + 2a - 2b ) ≥ 0 4221
4237
269.175 4246
b ) adjusted credit balance accounts
( 1b - 2a + 2b ) ≥ 0 4222
4.
Changes to the previous 2017
a) turnover on the debit side of the
account 4223
4238 29.201 4247
b ) trade in credit account 4224
5.
Balance at the end of the previous
year 31.12.2017.
а) debit balance account (3а + 4а - 4б) ≥ 0
4225
4239
239.974 4248
б) credit balance account (3б - 4а + 4б) ≥ 0
4226
6.
Correction of errors and changes in accounting policies
a) updates on the debit side of the
account 4227
4240
4249
b ) the correction in credit account 4228
7.
Adjusted opening balance of the
current year as at 01.01.2017.
а) Adjusted debit balance account (5а + 6а - 6б) ≥ 0
4229
4241
239.974 4250
б) corrected credit balance account (5б - 6а + 6б) ≥ 0
4230
8.
Changes in the current 2017
а) Traffic on the debit side of the account 4231
4242
40.208 4251
b ) trade in credit account 4232
9.
Balance at end of current year
31.12 . 2017
a) debit balance account
( 7a + 8a - 8b ) ≥ 0 4233
4243 199.766 4252 b ) credit balance account
( 7b - 8a + 8b ) ≥ 0 4234
TRANSLATION FROM SERBIAN INTO ENGLISH
Name: KONSING GROUP DOO BELGRADE
Registered office: NEW BELGRADE, Surcinski put St.1A
BALANCE SHEET
On December 31, 2017
- in thousands of RSD -
Group
accounts,
account
POSITION AOP Note
number
Amount
Previous Year
Current
Year
End state
31.12.2015
Initial state
01.01.2015
1 2 3 4 5 6 7
ASSETS
00 A. SUBSCRIBED AND PAID-IN CAPITAL 0001
B. FIXED ASSETS
(0003 + 0010 + 0019 + 0024 + 0034) 0002 316.858 550.213 545.623
01 I. INTANGIBLE ASSETS
(0004 + 0005 + 0006 + 0007 + 0008 + 0009) 0003 1.449 2.764 3.899
010 and
part 019 1.Investments in development 0004
011, 012
and part
019
2. Concessions , patents , licenses, trademarks, service
marks , software and other rights 0005 1.449 2.764 3.899
013 and
part 019 3.Goodwill 0006
014 and
part 019 4.Other intangible assets 0007
015 and
part 019 5.Intangible assets in progress 0008
016 and
part 019 6. Advances for intangible assets 0009
02 II. PROPERTY, PLANT AND EQUIPMENT
(0011+0012+0013+0014+0015+0016+0017+0018) 0010 280.655 522.226 507.835
020, 021
and part
029
1.Land 0011 16 22.964 22.964
022 and
part 029 2.Building Structures 0012 16 432 205.140 210.842
023 and
part 029 3. Plant and Equipment 0013 16 9.754 15.151 7.279
024 and
part 029 4. Investment properties 0014 17 270.469 278.971 266.750
025 and
part 029 5. Other property, plant and equipment 0015
026 and
part 029 6. Property, plant and equipment in preparation 0016
027 and
part 029 7. Leasehold property, plant and equipment 0017
028 and
part 029 8. Advances for property , plant and equipment 0018
03 III. BIOLOGICAL RESOURCES
(0020 + 0021 + 0022 + 0023) 0019
030, 031
and part
039
1.Woods and plants 0020
032 and
part 039 2.Basic herd 0021
037 and
part 039 3.Biological assets in preparation 0022
038 and
part 039 4.Advances for biological agents 0023
04,
except
047
IV. LONG TERM INVESTMENTS
(0025+0026+0027+0028+0029+0030+0031+0032+0033) 0024 30.215 5.898 5.849
040 and
part 049 1.Shares in subsidiaries 0025 18 25.844 2.359 2.359
041 and
part 049
2. Shares in associated companies and
joint ventures 0026
042 and
part 049
3. Shares in other legal entities and other
securities available for sale 0027
part 043,
part 044
and part
049
4. Long-term investments parent company and subsidiaries faces 0028
part 043,
part 044
and part
049
5.Long-term placements with other related parties 0029
part 045
and part
049
6.Long-term investments in the country 0030
part 045
and part
049
7.Long-term investments abroad 0031
046 and
part 049 8.Securities held to maturity 0032
048 and
part 049 9. Other long-term investments 0033 19 4.371 3.539 3.490
05 V. LONG-TERM RECEIVABLES
(0035+0036+0037+0038+0039+0040+0041) 0034 20 4.266 19.325 28.040
050 and
part 059 1. Receivables from parent companies and subsidiaries 0035 17.817 23.250
051 and
part 059 2.Receivables from other related parties 0036
052 and
part 059 3. Receivables from the sale of the commodity loan 0037 4.266 4.508 4.790
053 and
part 059
4. Receivables for sale by contracts
financial leasing 0038
054 and
part 059 5.Claims based on the bail 0039
055 and
part 059 6.Disputed and doubtful receivables 0040
056 and
part 059 7.Other long-term receivables 0041
288 V. DEFERRED TAX ASSETS 0042 21 556 4.779 1.367
G. CURRENT ASSETS
(0044+0051+0059+0060+0061+0062+0068+0069+0070) 0043 144.048 131.243 142.656
Class 1 I. INVENTORIES
(0045+0046+0047+0048+0049+0050) 0044 22 22.709 40.294 45.848
10 1.Supplies , spare parts , tools and inventory 0045 16.254 31.522 34.652
11 2.Work in progress and unfinished services 0046 2.795 5.082
12 3.Finished Products 0047
13 4. Goods 0048 856 856 856
14 5.Fixed assets held for sale 0049
15 6.Advances paid to suppliers 0050 5.599 5.121 5.258
20 II. RECEIVABLES FROM SALE
(0052+0053+0054+0055+0056+0057+0058) 0051 23 80.479 61.106 67.820
200 and
part 209 1.Domestic - parent and subsidiaries 0052 3.103 288
201 and
part 209 2.Buyers abroad - parent and subsidiaries 0053 11.261 14.328 15.003
202 and
part 209 3.Domestic - other related parties 0054
203 and
part 209 4. Buyers abroad - other related parties 0055
204 and
part 209 5. Domestic 0056 68.503 37.139 52.529
205 and
part 209 6.Buyers abroad 0057 715 6.536
206 and
part 209 7.Other receivables from sales 0058
21 III. Receivables from specific products 0059
22 IV. OTHER RECEIVABLES 0060 24 3.547 1.873 5.211
236 FINANCIAL RESOURCES TO BE MEASURED AT FAIR
VALUE THROUGH PROFIT OR LOSS 0061
23 except
236 and
237
VI. SHORT- TERM INVESTMENTS
(0063+0064+0065+0066+0067) 0062 100 175
230 and part 239
1. Short-term loans and investments - parent and
subsidiaries 0063
231 and part 239
2. Short-term credits and loans - stay connected
legal entities 0064
232 and part 239 3.Short-term loans and loans in the country 0065 100 175
233 and part 239 4.Short-term loans and loans abroad 0066
234, 235, 238 and part 239
5.Other short-term financial investments 0067
24 VII. CASH AND CASH EQUIVALENTS 0068 25 23.092 5.368 1.997
27 VIII. VALUE ADDED TAX 0069 1.041 359 358 28 except 288 IX. ACCRUED 0070 26 13.180 22.143 21.247
D. TOTAL OPERATING ASSETS=OPERATING ASSETS
(0001+0002+0042+0043) 0071 461.189 686.235 689.646
88 DJ. OFF-BALANCE SHEET ASSETS 0072
LIABILITIES
А. CAPITAL (0402+0411 - 0412+0413+0414+0415 - 0416+0417 +0420 - 0421) ≥ 0 = (0071 - 0424 - 0441 - 0442)
0401 265.718 269.175 248.994
30 1.SHARE CAPITAL (0403+0404+0405+0406+0407+0408+0409+0410)
0402 27 14.061 14.061 16.997
300 1.Share capital 0403
301 2.The shares of limited liability companies 0404 14.061 14.061 16.997
302 3.Shares 0405
303 4.State capital 0406
304 5.Social Capital 0407
305 6.Cooperative shares 0408
306 7.Share premium 0409
309 8.Other capital 0410
31 II. SUBSCRIBED AND PAID-IN CAPITAL 0411
047 and
237 III. TREASURY SHARES 0412
32 IV. RESERVES 0413 28 4.540 4.540 1.603
330
V. Revaluation reserves based on
Revaluation of intangible assets ,
PROPERTY, PLANT AND EQUIPMENT
0414
33 except 330
VI. UNREALIZED GAINS ON SECURITIES
SECURITIES AND OTHER COMPONENTS
OTHER COMPREHENSIVE RESULTS
( Credit balance accounts of group 33 except 330 )
0415
33 except 330
VII. UNREALIZED LOSSES ON SECURITIES
SECURITIES AND OTHER COMPONENTS
OTHER COMPREHENSIVE RESULTS
( Credit balance accounts of group 33 except 330 )
0416
34 VIII. RETAINED EARNINGS (0418+0419) 0417 29 264.562 250.574 230.394
340 1.Profit from previous years 0418 250.570 230.394 189.278
341 2.Profit for the current year 0419 13.992 20.180 41.116
IX. Non-controlling interests 0420
35 X. LOSS (0422+0423) 0421 17.445
350 1.Loss of previous year 0422 17.445
351 2.Loss of current year 0423
B. LONG-TERM PROVISIONS AND LIABILITIES
(0425+0432) 0424 2.866 64.125 101.152
40 I. LONG-TERM PROVISIONS
(0426+0427+0428+0429+0430+0431) 0425
400 1.For expenses in warranty period 0426
401 2. For restoration of natural resources 0427
403 3.Provisions for restructuring costs 0428
404 4.Provision for retirement and other employee benefits 0429
405 5.Provision for lawsuits 0430
402 and
409 6.Other long-term provisions 0431
41 II. LONG-TERM LIABILITIES
(0433+0434+0435+0436+0437+0438+0439+0440) 0432 30 2.866 64.125 101.152
410 1.Liabilities convertible in capital 0433
411 2.Due to parent companies and subsidiaries 0434
412 3.Due to other related parties 0435
413 4. payable securities in for more than one day 0436
414 5.Long-term loans and loans in the country 0437 57.597 101.152
415 6.Long-term loans and loans abroad 0438
416 7.Liabilities arising from finance lease 0439 2.866 6.528
419 8.Other long-term liabilities 0440
498 В. DEFERRED TAX LIABILITIES 0441
42 to 49 (except 498)
Г. SHORT-TERM LIABILITIES
(0443+0450+0451+0459+0460+0461+0462) 0442 192.605 352.935 339.500
42 I. CURRENT LIABILITIES
(0444+0445+0446+0447+0448+0449) 0443 31 16.033 96.300 87.935
420 1. Short-term loans from its parent and subsidiary
legal entities 0444
421 2. Short-term loans from other related parties 0445 9.231
422 3.Short-term credits and loans in the country 0446
423 4.Short-term borrowings abroad 0447
427 5. Liabilities on fixed assets and assets
discontinued operations held for sale 0448
424, 425, 426 and
429 6.Other current financial liabilities 0449 6.802 96.300 87.935
430 II. ADVANCES AND DEPOSITS 0450 32 27.609 48.581 48.870
43 except 430
III. BUSINESS DUTIES
(0452+0453+0454+0455+0456+0457+0458) 0451 32 58.159 62.183 61.770
431 1.Suppliers - parent and subsidiaries in the country 0452
432 2. Suppliers - parent and subsidiaries in abroad 0453 5.045 11.020 6.978
433 3.Suppliers - other related parties in the country 0454
434 4.Suppliers - Other related legal entities abroad 0455
435 5.Suppliers in the country 0456 34.819 39.478 43.455
436 6.Foreign suppliers 0457 18.295 11.685 11.337
439 7.Other operating liabilities 0458 44, 45 and 46
IV. OTHER CURRENT LIABILITIES 0459 33 77.031 140.653 134.094
47 V. LIABILITIES FOR ADDED TAX VALUE 0460 34 3.263 882 2.619
48 VI. Other taxes , contributions
AND OTHER DUTIES 0461 34 6.965 3.817 3.235
49 except 498 VII. ACCRUALS 0462 34 3.545 519 977
Д. LOSS ABOVE CAPITAL VALUE (0412+0416+0421 - 0420 - 0417 - 0415 - 0414 - 0413 - 0411 - 0402) ≥ 0 = (0441+0424+0442 - 0071) ≥ 0
0463
DJ. TOTAL LIABILITIES (0424+0442+0441+0401 - 0463) ≥ 0 0464 461.189 686.235 689.646
89 Е. OFF BALANCE SHEET LIABILITIES 0465
TRANSLATION FROM SERBIAN INTO ENGLISH
Name: KONSING GROUP DOO BELGRADE Registered office: NEW BELGRADE, Surcinski put St.1A
INCOME STATEMENTS for the period from 01.01. to 31.12.2017
- in thousands of RSD - Group
accounts,
account
P O S I T I O N АОP Note
number
Amount
Current Year Previous Year
1 2 3 4 5 6
INCOME FROM OPERATIONS
60 to 65,
except
62
and 63
А. OPERATING INCOME (1002+1009+1016+1017) 1001 362.516
364.149
60 I. INCOME FROM SALE OF GOODS
(1003+1004+1005+1006+1007+1008) 1002
600 1. Income of merchandise to parent and subsidiaries
persons in the domestic market 1003
601 2. Income of merchandise to parent and subsidiaries
persons on foreign market 1004
602 3. Income of goods other related legal
persons in the domestic market 1005
603 4. Income of goods other related legal
persons on foreign market 1006
604 5. Income of goods on the domestic market 1007
605 6. Income of goods on foreign market 1008
61 II. INCOME OF PRODUCTS AND SERVICES
(1010+1011+1012+1013+1014+1015) 1009 4 253.032
251.663
610 1. Income from sales of products and services and the
parent subsidiaries in the domestic market 1010
611 2. Income from sales of products and services and the
parent subsidiaries in foreign markets 1011 79.698
106.655
612 3. Income from sale of goods and services to other
related parties in the domestic market 1012
613 4. Income from sales of goods and services to other
related parties in the international market 1013
614 5. Income from sales of products and services on
domestic market 1014
122.043
130.815
615 6. Income of finished products and services
foreign market 1015 51.291 14.193
64 III. Income from premiums, subsidies,
Grants, donations, etc. 1016 - -
65 IV. OTHER OPERATING INCOME
EXPENSES 1017 5 109.484 112.486
Operating expense
50 to 55,
62 and
63
Б. BUSINESS EXPENSES
(1019 - 1020 - 1021+1022+1023+1024+1025
+1026+1027+1028+1029) ≥ 0
1018 385.700 344.396
50 I. COST OF GOODS SOLD 1019
-
-
62 II. REVENUES FROM ACTIVATION OF GOODS
AND EFFECTS 1020 6 1.136 4.695
630 III. INCREASE IN VALUE STOCKS - finished and
finished products and unfinished SERVICES 1021
631 IV. DECREASE IN VALUE STOCKS - finished and
finished products and unfinished SERVICES 1022 2.795 2.287
51
except
513
V. COST OF MATERIALS 1023 7 21.578 30.426
513 VI. COST OF FUEL AND ENERGY 1024 7
18.659
18.060
52 VII. SALARIES , WAGES
AND OTHER PERSONNEL EXPENSES 1025 8 146.254 174.147
53 VIII. COSTS OF PRODUCTION 1026 9
162.998
88.006
540 IX. DEPRECIATION 1027 10
11.639
11.756
541 to
549 X. COSTS OF LONG-TERM PROVISIONS 1028
55 XI. IMMATERIAL COSTS 1029 11
22.913
24.409
V. OPERATING PROFIT (1001 - 1018) ≥ 0 1030
19.753
g. OPERATING LOSS (1018 - 1001) ≥ 0 1031
23.184
-
66 D. FINANCE INCOME (1033+1038+1039)
1032
12 9.346 2.243
66,
except
662, 663
and 664
I. FINANCIAL REVENUES FROM RELATED
PERSONS AND OTHER FINANCIAL INCOME
(1034+1035+1036+1037)
1033 984 440
660 1. Financial income from parent companies and
subsidiaries 1034 984 440
661 2. Financial income from other related parties 1035
665 3. Income from participation in profit of associated
legal entities and joint ventures 1036
669 4. Other finance income 1037
662 II. INTEREST INCOME (FROM THIRD PARTIES) 1038
56
103
663 and
664
III. FOREIGN EXCHANGE GAINS AND POSITIVE
EFFECTS OF CURRENCY CLAUSE
(BY THIRD PARTIES)
1039 8.306 1.700
56 DJ. FINANCIAL EXPENSES (1041+1046+1047) 1040 13
12.082
17.811
56,
except
562, 563
and 564
I. FINANCIAL EXPENSES RELATIONS
RELATED PARTIES AND OTHER FINANCIAL
EXPENSES (1042+1043+1044+1045)
1041 1.190
560 1. Finance expenses from relations with parent and
subsidiary legal entities 1042 1.190
561 2. Financial expenses from other related
legal entities 1043
565 3. Expenses from participation in loss of associated
legal entities and joint ventures 1044
566 and
569 4. Other financial expenses 1045
562 II. INTEREST EXPENSES ( BY THIRD PARTIES) 1046 11.206
7.325
563 and
564
III. FOREIGN EXCHANGE GAINS AND
NEGATIVE EFFECTS OF CURRENCY CLAUSE
( BY THIRD PARTIES)
1047 3.567 6.605
15.553 Е. PROFIT FROM FINANCING (1032 - 1040) 1048
-
-
Z. LOSS FROM FINANCING (1040 -1032) 1049
2.736
15.568
683 and
685
Z. INCOME ADJUSTMENT
Other assets carried at FER VALUE THROUGH
PROFIT OR LOSS
1050
583 and
585
I. LOSS FROM VALUE ADJUSTMENT
Other assets carried at FER VALUE THROUGH
PROFIT OR LOSS
1051
67 and
68,
except
683 and
685
Ј. OTHER INCOME 1052 14 65.542 22.033
57 and
58,
except
583 and
585
К. OTHER EXPENSES 1053 15 16.706 9.451
L. PROFIT FROM OPERATIONS
BEFORE TAX
(1030 - 1031+1048 - 1049+1050 - 1051+1052 - 1053)
1054 22.916 16.767
Lj. LOSS FROM OPERATIONS
BEFORE TAX
(1031 - 1030+1049 - 1048+1051 - 1050+1053 - 1052)
1055
69-59
М. NET PROFIT FROM SUSPENDED , THE
EFFECTS OF CHANGES ACCOUNTING POLICIES
AND CORRECTION ERRORS OF PREVIOUS
PERIOD
1056
59-69
N. NET LOSS FROM SUSPENDED , EXPENSES
FOR CHANGES ACCOUNTING POLICIES AND
CORRECTION ERRORS OF PREVIOUS PERIOD
1057
Nj. PROFIT BEFORE TAX
(1054 - 1055+1056 - 1057) 1058 22.916 16.767
О. LOSS BEFORE TAX (1055 - 1054+1057 - 1056) 1059
P. INCOME TAXES
721 I. Income tax expense 1060
4.671
part 722 II. Deferred tax expense 1061
4.253
part 722 III. Deferred income tax 1062
3.413
723 R. EARNINGS PAID EMPLOYER 1063
S. NET PROFIT (1058 - 1059 - 1060 - 1061 + 1062 -
1063) 1064 13.992
20.180
T. NET LOSS (1059 - 1058 + 1060 + 1061 -1062 +
1063) 1065
I. NET PROFIT OF THE
MINORITY SHAREHOLDERS 1066
II. NET PROFIT DUE TO 1067
Majority owner
III. NET LOSS BELONGING
MINORITY SHAREHOLDERS 1068
IV. NET LOSS BELONGING
Majority owner 1069
V. EARNINGS PER SHARE
1. Basic earnings per share 1070
2. Reduced (diluted) earnings per share 1071
TRANSLATION FROM SERBIAN INTO ENGLISH
Name: KONSING GROUP DOO BELGRADE
Registered office: NEW BELGRADE, Surcinski put St.1A
REPORT ON OTHER RESULTS
for the period from 01.01.2017 to 31.12.2017 year
- in thousands of RSD -
Group
account
s,accou
nt
POSITION АОP
Note Amount
number Current Year Previous Year
1 2 3 4 5 6
А. NET RESULT FROM OPERATIONS
29
13.992 20.180
I. NET INCOME (AOP 1064) 2001
II. NET LOSS (AOP 1065) 2002
Б. OTHER COMPREHENSIVE PROFIT OR LOSS
а) Items that will be reclassified in the income
statement in future periods
330
1. Changes in the revaluation of intangible assets ,
property, plant and equipment
а) increase in revaluation reserves 2003
б) decrease in revaluation reserves 2004
331
2. Actuarial gains and losses on defined benefit plans
а) gains 2005
б) losses 2006
332
3. Gains or losses on investments in equity capital
instruments
а) gains 2007
б) losses 2008
333
4. Gains or losses on shares in other comprehensive
gain or loss of associates
а) gains 2009
б) losses 2010
б) Items that can be subsequently reclassified into the income statement in future periods
334
1. Gains or losses on translation of financial statements
of foreign operations
а) gains 2011
б) losses 2012
Група
ПОЗИЦИЈА АОП
Напомена Износ
рачуна, рачун
број Текућа година Претходна година
1 2 3 4 5 6
335
2. Gains or losses on hedging instruments of a net
investment in a foreign operation
а) gains 2013
б) losses 2014
336
3. Gains or losses on hedging instruments risk
(hedging ) cash flow
а) gains 2015
б) losses 2016
337
4. Gains or losses on securities available for sale
а) gains 2017
б) losses 2018
I. OTHER COMPREHENSIVE INCOME GROSS
(2003 + 2005 + 2007 + 2009 + 2011 + 2013 + 2015 + 2017) - (2004 + 2006 + 2008 + 2010 + 2012 + 2014 + 2016 + 2018) ≥ 0
2019
II. GROSS OTHER COMPREHENSIVE LOSS (2004 +
2006 + 2008 + 2010 + 2012 + 2014 + 2016 + 2018) - (2003 + 2005 + 2007 + 2009 + 2011 + 2013 + 2015 + 2017) ≥ 0
2020
III. TAX ON OTHER COMPREHENSIVE PROFIT
OR LOSS FOR THE PERIOD 2021
IV. NET OTHER COMPREHENSIVE INCOME (2019 - 2020 - 2021) ≥ 0
2022
V. NET OTHER COMPREHENSIVE LOSS (2020 - 2019 + 2021) ≥ 0
2023
В. TOTAL COMPREHENSIVE NET RESULT FOR
THE PERIOD
I. TOTAL NET COMPREHENSIVE INCOME (2001 - 2002 + 2022 - 2023) ≥ 0
2024
29
13.992 20.180
II. TOTAL NET COMPREHENSIVE LOSS (2002 - 2001 + 2023 - 2022) ≥ 0
2025
Г. TOTAL NET COMPREHENSIVE PROFIT OR
LOSS ( 2027 + 2028 ) = 2024 AOP ≥ 0 or AOP 2025 >
0
2026
1. Attributable to majority owners of capital 2027
2. Attributable to owners who do not have control 2028
TRANSLATION FROM SERBIAN INTO ENGLISH
Name: KONSING GROUP DOO BELGRADE
Registered office: NEW BELGRADE, Surcinski put St.1A
CASH FLOW STATEMENT
for the period from 01.01.2017 to 31.12.2017 year
- in thousands of RSD -
Position АОP Amount
Current Year Previous Year
1 2 3 4
А. CASH FLOWS FROM OPERATING ACTIVITIES 3001 344.161 409.502
I. Cash flow from operating activities ( 1 to 3)
1. Sales and advances received 3002 342.240 404.127
2. Interest received from operating activities 3003 00
3. Other proceeds from operating activities 3004 1.921 5.375
II. Cash outflows from operating activities ( 1 to 5) 3005 420.429 358.428
1. Payments to suppliers 3006 192.716 164.805
2. Salaries, wages and other personal expenses 3007 200.623 164.805
3. interest paid 3008
4. Income tax 3009
5. Outflows from other public revenues 3010 20.314 19.892
III. Net cash inflow from operating activities (I-II) 3011 51.074
IV. Net cash outflow from operating activities (II-I) 3012 76.268
Б. CASH FLOWS FROM INVESTING ACTIVITIES 3013 262.198 1.111
I. Cash flow from investing activities (1 to 5)
1. Sale of shares and stakes (net inflows) 3014
2. Sale of intangible assets , property, plant , equipment and biological assets 3015 262.198 1.111
3. Other financial investments (net inflows) 3016
4. Interest received from investing activities 3017
5. dividends received 3018
II. Cash outflows from investing activities ( 1 to 3) 3019 23.635 507
1. Purchase of shares ( net outflow) 3020 23.635
2. Purchase of intangible assets , property, plant , equipment and biological
assets 3021 507
3. Other financial investments (net outflows ) 3022
III. Net cash inflow from investing activities (I -II ) 3023
238.563 604
IV. Net cash outflow from investing activities ( I - II ) 3024
В. CASH FLOWS FROM FINANCING ACTIVITIES 3025
I. Cash flow from financing activities (1 to 5)
1. Increase in capital 3026
2. Long-term loans (net inflows ) 3027
3. Short-term loans (net inflows ) 3028
4. Other long-term liabilities 3029
5. Other current liabilities 3030
II. Cash used in financing activities (1 to 6) 3031 143.021 46.714
1. Purchase of own shares and stakes 3032
2. Long-term borrowings ( outflows ) 3033 136.145 37.713
3. Short-term borrowings ( outflows ) 3034
4. Other liabilities ( outflows ) 3035 2.756 976
5. Financial leasing 3036 4.120 8.025
6. dividends paid 3037
III. Net cash inflow from financing activities (I-II) 3038
IV. Net cash outflow from financing activities (II-I) 3039 143.021 46.714
Г. TOTAL CASH INFLOW ( 3001 + 3013 + 3025 ) 3040 606.359 410.613
Д. TOTAL CASH OUTFLOW ( 3005 + 3019 + 3031 ) 3041 587.085 405.649
Ђ. NET CASH INFLOW (3040 - 3041) 3042 19.274 4.964
Е. NET CASH OUTFLOW (3041 - 3040) 3043
Ж. CASH AT BEGINNING OF PERIOD 3044 5.368 1.997
З. FOREIGN EXCHANGE GAINS FROM TRANSLATION OF CASH 3045
И. FOREIGN EXCHANGE LOSSES FROM TRANSLATION OF CASH 3046 1.550 1.593
Ј. CASH AT END OF PERIOD (3042 - 3043 + 3044 + 3045 - 3046)
3047 23.092 5.368
TRANSLATION FROM SERBIAN INTO ENGLISH
Name: KONSING GROUP DOO BELGRADE
Registered office: NEW BELGRADE, Surcinski put St.1A
STATEMENT OF CHANGES IN EQUITY
for the period from 01.01.2017 to 31.12.2017 year
- in thousands of RSD -
No
DESCRIPTION
Components of capital
АОP
30
АОP
31
АОP
32
Basic capital Subscribed
capital unpaid Reserves
1 2 3 4 5
1.
Opening balance of previous years as at
01.01.2016.
a) debit balance account 4001
4019
4037
b ) credit balance account 4002 16.997
4020
4038 1.603
2.
Correction of errors and changes in
accounting policies
a) updates on the debit side of the
account 4003
4021
4039
b ) Adjustments in credit account 4004
4022
4040
3.
Adjusted opening balance of the
previous year on the day 01.01.2016.
a) Adjusted debit balance of the account
( 1a + 2a - 2b ) ≥ 0 4005
4023
4041
b ) adjusted credit balance accounts ( 1b
- 2a + 2b ) ≥ 0 4006
16.997 4024
4042 1.603
4.
Changes to the previous 2016
a) turnover on the debit side of the
account 4007
2.936 4025
4043
b ) trade in credit account 4008
4026
4044 2.937
5.
Balance at the end of the previous year
31.12.2016.
а) debit balance account (3а + 4а - 4б) ≥ 0
4009
4027
4045
б) credit balance account (3б - 4а + 4б) ≥ 0
4010 14.061
4028
4046 1.603
6.
Correction of errors and changes in accounting policies
a) updates on the debit side of the
account 4011
4029
4047
b ) the correction in credit account 4012
4030
4048
7.
Adjusted opening balance of the current
year as at 01.01.2016.
а) Adjusted debit balance account (5а + 6а - 6б) ≥ 0
4013
4031
4049
б) corrected credit balance account (5б - 6а + 6б) ≥ 0
4014 14.061
4032
4050 4.540
8.
Changes in the current 2016
а) Traffic on the debit side of the account 4015
4033
4051
b ) trade in credit account 4016
4034
4052
9.
Balance at end of current year
31.12 . 2016
a) debit balance account
( 7a + 8a - 8b ) ≥ 0 4017
4035
4053
b ) credit balance account
( 7b - 8a + 8b ) ≥ 0 4018
14.061 4036
4054 4.540
No DESCRIPTION
Components of capital
AOP
35
AOP
047 и 237
AOP
34
Loss Treasury shares Profit
2 6 7 8
1.
Opening balance of previous years as at
01.01.2016 .
a) debit balance account 4055
4073
4091
b ) credit balance account 4056
4074
4092 230.394
2.
Correction of errors and changes in
accounting policies
a) updates on the debit side of the
account 4057
4075
4093
b ) Adjustments in credit account 4058
4076
4094
3.
Adjusted opening balance of the
previous year on the day 01.01.2016.
a) Adjusted debit balance of the account
( 1a + 2a - 2b ) ≥ 0 4059
4077
4095
b ) adjusted credit balance accounts ( 1b
- 2a + 2b ) ≥ 0 4060
4078
4096 230.394
4.
Changes to the previous 2016
a) turnover on the debit side of the
account 4061
4079
4097
b ) trade in credit account 4062
4080
4098 20.180
5.
Balance at the end of the previous year
31.12.2016.
а) debit balance account (3а + 4а - 4б) ≥ 0
4063
4081
4099
б) credit balance account (3б - 4а + 4б) ≥ 0
4064
4082
4100 250.574
6.
Correction of errors and changes in accounting policies
a) updates on the debit side of the
account 4065
4083
4101
b ) the correction in credit account 4066
4084
4102
7.
Adjusted opening balance of the current
year as at 01.01.2016.
а) Adjusted debit balance account (5а + 6а - 6б) ≥ 0
4067
4085
4103
б) corrected credit balance account (5б - 6а + 6б) ≥ 0
4068
4086
4104 250.574
8.
Changes in the current 2016
а) Traffic on the debit side of the account 4069
17.445 4087
4105 4
b ) trade in credit account 4070
4088
4106 13.992
9.
Balance at end of current year
31.12 . 2016
a) debit balance account
( 7a + 8a - 8b ) ≥ 0 4071
17.445 4089
4107
b ) credit balance account
( 7b - 8a + 8b ) ≥ 0 4072
4090
4108 264.562
No DESCRIPTION
Components of othercomprehensive
AOP
330
AOP
331
AOP
332
Revaluation reserves
Actuarial gains or losses
Gains or losses on investments in equity capital instruments
1 2 9 10 11
1.
Opening balance of previous years as at
01.01.2016 .
a) debit balance account 4109
4127
4145
b ) credit balance account 4110
4128
4146
2.
Correction of errors and changes in
accounting policies
a) updates on the debit side of the
account 4111
4129
4147
b ) Adjustments in credit account 4112
4130
4148
3.
Adjusted opening balance of the
previous year on the day 01.01.2016.
a) Adjusted debit balance of the account
( 1a + 2a - 2b ) ≥ 0 4113
4131
4149
b ) adjusted credit balance accounts ( 1b
- 2a + 2b ) ≥ 0 4114
4132
4150
4.
Changes to the previous 2016
a) turnover on the debit side of the
account 4115
4133
4151
b ) trade in credit account 4116
4134
4152
5.
Balance at the end of the previous year
31.12.2016.
а) debit balance account (3а + 4а - 4б) ≥ 0
4117
4135
4153
б) credit balance account (3б - 4а + 4б) ≥ 0
4118
4136
4154
6.
Correction of errors and changes in accounting policies
a) updates on the debit side of the
account 4119
4137
4155
b ) the correction in credit account 4120
4138
4156
7.
Adjusted opening balance of the current
year as at 01.01.2016.
а) Adjusted debit balance account (5а + 6а - 6б) ≥ 0
4121
4139
4157
б) corrected credit balance account (5б - 6а + 6б) ≥ 0
4122
4140
4158
8.
Changes in the current 2016
а) Traffic on the debit side of the account 4123
4141
4159
b ) trade in credit account 4124
4142
4160
9.
Balance at end of current year
31.12 . 2016
a) debit balance account
( 7a + 8a - 8b ) ≥ 0 4125
4143
4161
b) credit balance account
( 7b - 8a + 8b ) ≥ 0 4126
4144
4162
No
DESCRIPTION
Components of othercomprehensive
AOP
333
AOP
334 и 335
AOP
336
Gains or losses from
equity interest in the rest
of the profit or loss of
associates
Gains or losses on
translation of
foreign operations
and the financial
statements
Gains or losses on
cash flow hedging
1 2 12 13 14
1.
Opening balance of previous years
as at 01.01.2016 .
a) debit balance account 4163
4181
4199
b ) credit balance account 4164
4182
4200
2.
Correction of errors and changes in
accounting policies
a) updates on the debit side of the
account 4165
4183
4201
b ) Adjustments in credit account 4166
4184
4202
3.
Adjusted opening balance of the
previous year on the day 01.01.2016.
a) Adjusted debit balance of the
account ( 1a + 2a - 2b ) ≥ 0 4167
4185
4203
b ) adjusted credit balance accounts (
1b - 2a + 2b ) ≥ 0 4168
4186
4204
4.
Changes to the previous 2016
a) turnover on the debit side of the
account 4169
4187
4205
b ) trade in credit account 4170
4188
4206
5.
Balance at the end of the previous
year 31.12.2016.
а) debit balance account (3а + 4а - 4б) ≥ 0
4171
4189
4207
б) credit balance account (3б - 4а + 4б) ≥ 0
4172
4190
4208
6.
Correction of errors and changes in accounting policies
a) updates on the debit side of the
account 4173
4191
4209
b ) the correction in credit account 4174
4192
4210
7.
Adjusted opening balance of the
current year as at 01.01.2016.
а) Adjusted debit balance account (5а + 6а - 6б) ≥ 0
4175
4193
4211
б) corrected credit balance account (5б - 6а + 6б) ≥ 0
4176
4194
4212
8.
Changes in the current 2016
а) Traffic on the debit side of the account 4177
4195
4213
b ) trade in credit account 4178
4196
4214
9.
Balance at end of current year
31.12 . 2016
a) debit balance account
( 7a + 8a - 8b ) ≥ 0 4179
4197
4215
b ) credit balance account
( 7b - 8a + 8b ) ≥ 0 4180
4198
4216
No
DESCRIPTION
Components of other
comprehensive
AOP
Total capital [ Σ
(red 1b Aug 3 to
Aug 15 ) - Σ (red 1a
Aug 3 to Aug 15 ) ]
≥ 0
AOP
Losses in excess of
capital [ Σ (red 1a
Aug 3 to Aug 15 ) -
Σ (red 1b Aug 3 to
Aug 15 ) ] ≥ 0
AOP
337
Gains or losses on
securities available for
sale
1 2 15 16 17
1.
Opening balance of previous years as
at 01.01.2016 .
a) debit balance account 4217 4235
248.994
4244 b ) credit balance account 4218
2.
Correction of errors and changes in
accounting policies
a) updates on the debit side of the
account 4219
4236
4245
b ) Adjustments in credit account 4220
3.
Adjusted opening balance of the
previous year on the day 01.01.2016.
a) Adjusted debit balance of the
account ( 1a + 2a - 2b ) ≥ 0 4221
4237
248.994
4246 b ) adjusted credit balance accounts (
1b - 2a + 2b ) ≥ 0 4222
4.
Changes to the previous 2016
a) turnover on the debit side of the
account 4223
4238 20.180
4247
b ) trade in credit account 4224
5.
Balance at the end of the previous
year 31.12.2016.
а) debit balance account (3а + 4а - 4б) ≥ 0
4225
4239
269.175
4248 б) credit balance account
(3б - 4а + 4б) ≥ 0 4226
6.
Correction of errors and changes in accounting policies
a) updates on the debit side of the
account 4227
4240
4249
b ) the correction in credit account 4228
7.
Adjusted opening balance of the
current year as at 01.01.2016.
а) Adjusted debit balance account (5а + 6а - 6б) ≥ 0
4229
4241
269.175
4250 б) corrected credit balance account
(5б - 6а + 6б) ≥ 0 4230
8.
Changes in the current 2016
а) Traffic on the debit side of the account 4231
4242
3.457
4251
b ) trade in credit account 4232
9.
Balance at end of current year
31.12 . 2016
a) debit balance account
( 7a + 8a - 8b ) ≥ 0 4233
4243 265.718 4252
b ) credit balance account
( 7b - 8a + 8b ) ≥ 0 4234