Hagar hf.

Financial Summary

1 March 2017 - 31 May 2017

*This financial summary is translated from the Condensed Consolidated Interim Financial Statements of Hagar hf. which is in Icelandic. Should there be discrepancies between the two versions, the Icelandic version will take priority over the translated version.

Hagar hf.

Hagasmári 1

201 Kópavogur

Iceland

Reg. no. 670203-2120

Contents

Consolidated Statement of Comprehensive Income .............................................................................................

3

Consolidated Balance Sheet ................................................................................................................................

4

Consolidated Statement of Changes in Equity ......................................................................................................

5

Consolidated Statement of Cash Flows .............................................................................................................

6

Condensed Consolidated Interim Financial Statements 31 May 2017 2

Consolidated Statement of Comprehensive Income

for the three months ended 31 May 2017

2017

2016

1.3.-31.5.

1.3.-31.5.

Sales ..................................................................................................................................

19.048

19.981

Cost of goods sold .............................................................................................................

( 14.312)

( 15.069)

Gross profit .......................................................................................................................

4.736

4.912

Other operating income ......................................................................................................

54

54

Salaries and salary-related expenses ................................................................................

( 2.043)

( 1.940)

Other operating expenses ..................................................................................................

( 1.470)

( 1.653)

Profit from operating activities before depreciation and amortisation .......................

1.277

1.373

Depreciation and amortisation ...........................................................................................

( 225)

( 191)

Profit from operating activities .......................................................................................

1.052

1.182

Finance income ..................................................................................................................

54

82

Finance expenses ..............................................................................................................

( 64)

( 79)

Net finance expense ........................................................................................................

( 10)

3

Share of profit of associates ..............................................................................................

20

0

Profit before income tax ..................................................................................................

1.062

1.185

Income tax ..........................................................................................................................

( 212)

( 237)

Comprehensive income for the year ..............................................................................

850

948

Earnings per share

Basic earnings per share of ISK 1 .....................................................................................

0,74

0,81

Consolidated Balance Sheet as at 31 May 2017

31.5.2017

28.2.2017

Assets

Operating assets .....................................................................................................

10.996

10.927

Intangible assets ......................................................................................................

8.031

7.950

Total non-current assets

19.027

18.877

Inventories ...............................................................................................................

4.393

4.419

Trade and other receivables ....................................................................................

529

587

Trade receivable - customer' credit cards ................................................................

3.895

3.752

Cash and cash equivalents .....................................................................................

3.027

2.474

11.844

11.232

Total assets

30.871

30.109

Equity

Share capital ............................................................................................................

1.153

1.153

Share premium ........................................................................................................

291

291

Restricted reserve ...................................................................................................

4.756

3.893

Retained earnings ...................................................................................................

12.062

12.075

Total equity

18.262

17.412

Liabilities

Loans and borrowings .............................................................................................

2.795

2.986

Deferred income tax liability .....................................................................................

814

601

Total non-current liabilities

3.609

3.587

Loans and borrowings .............................................................................................

768

767

Trade and other payables ........................................................................................

1.024

833

Current tax liabilities ................................................................................................

7.208

7.362

Provisions ................................................................................................................

0

148

Total current liabilities

9.000

9.110

Total liabilities

12.609

12.697

Total equity and liabilities

30.871

30.109

Hagar hf. published this content on 31 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 June 2017 11:54:11 UTC.

Original documenthttp://en.hagar.is/media/hluthafaupplysingar/Hagar-Arsreikningur-summary-31.05.2017-enskur.pdf

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