ZE PAK : Standalone financial Statement for 2022 (download)

ZE PAK SA

FINANCIAL STATEMENT

FOR THE 12-MONTH PERIOD CONCLUDED ON 31 DECEMBER 2022

27 APRIL 2023

27 APRIL 2023

	ZE PAK SA
	Financial statement for the year concluded on 31 December 2022
	(in PLN thousand)
TABLE OF CONTENTS
BALANCE SHEET	4
INCOME STATEMENT (CALCULATION VARIANT)	8
CASH FLOW STATEMENT (INDIRECT METHOD)	9
CASH FLOW STATEMENT (INDIRECT METHOD) (CONT.)	10
STATEMENT OF EQUITY (FUND) CHANGES	11
STATEMENT OF EQUITY CHANGES (CONT.)	12
INTRODUCTION TO THE FINANCIAL STATEMENT	13
1.	GENERAL INFORMATION ABOUT THE COMPANY	13
2.	COMPOSITION OF THE MANAGEMENT BOARD	13

3. DESCRIPTION AND CLARIFICATION OF DIFFERENCES IN THE DISCLOSED DATA AND SIGNIFICANT DIFFERENCES REGARDING THE ADOPTED ACCOUNTING PRINCIPLES (POLICY) BETWEEN THE STATEMENT AND COMPARABLE

	DATA, AS WELL AS THE STATEMENT AND THE COMPARABLE DATA DEVELOPED ACC. TO THE IAS	13
4.	GOING CONCERN ASSUMPTION	15
5.	MERGER OF COMMERCIAL COMPANIES	15
6.	ADOPTED ACCOUNTING PRINCIPLES (POLICY)	15
ADDITIONAL INFORMATION AND EXPLANATIONS TO THE FINANCIAL STATEMENT	24

1. INFORMATION ON SIGNIFICANT EVENTS RELATED TO PREVIOUS YEARS, INCLUDED IN THE FINANCIAL YEAR

FINANCIAL STATEMENT

24

2. INFORMATION ON SIGNIFICANT EVENTS AFTER THE BALANCE SHEET DATE AND NOT RECOGNIZED IN THE

	FINANCIAL STATEMENT	24
3.	CHANGES IN THE ACCOUNTING PRINCIPLES (POLICY) IN THE FINANCIAL YEAR	24
4.	ERROR ADJUSTMENT AND COMPARATIVE DATA RESTATEMENT	24

5. COMPARABILITY OF FINANCIAL DATA FOR THE PRECEDING PERIOD WITH THE STATEMENT FOR THE CURRENT

	PERIOD	24
6.	INTANGIBLE ASSETS	25
7.	TANGIBLE FIXED ASSETS	27
	Tangible fixed asset impairment test	29
8.	INVESTMENTS	30
	8.1.	Long-term investments	30
	8.2.	Short-term investments	31
9.	SHORT-TERMRECEIVABLES	32
10.	PREPAYMENTS	33
11.	CAPITALS	33
12.	INTEREST-BEARING BANK LOANS AND BORROWINGS, AND OTHER FINANCIAL LIABILITIES	33
13.	DIVISION OF PROFIT / LOSS COVERAGE	34
	13.1 Previous year loss coverage	34
	13.2 Current year profit distribution	34
14.	PROVISIONS	35
15.	RECEIVABLE IMPAIRMENT WRITE-DOWNS	36
16.	SHORT-TERMLIABILITIES	36
17.	LIABILITIES SECURED WITH THE ENTITY'S ASSETS	37
18.	CONTINGENT LIABILITIES	38
19.	OTHER CONTRACTS NOT INCLUDED IN THE BALANCE SHEET	38
20.	SALES BY TYPE AND TERRITORY	38
21.	IMPAIRMENT WRITE-DOWNSAGAINST TANGIBLE ASSETS	39

22. INTEREST AND EXCHANGE RATE DIFFERENCES THAT INCREASED THE GOOD ACQUISITION PRICE OR GOODS

	PRODUCTION COST DURING THE FINANCIAL YEAR	39
23.	INVENTORIES	39

24. INFORMATION ON REVENUES, COSTS AND RESULTS OF DISCONTINUED ACTIVITIES IN THE FINANCIAL YEAR OR

	PLANNED TO BE DISCONTINUED IN THE FOLLOWING YEAR	40
25.	INCOME TAX	40
26.	COSTS BY TYPE	43
27.	OTHER OPERATING REVENUES	43
28.	OTHER OPERATING COSTS	43

2

	ZE PAK SA
	Financial statement for the year concluded on 31 December 2022
	(in PLN thousand)
29.	FINANCIAL REVENUES	44
30.	FINANCIAL COSTS	44
31.	CAPITAL WORK IN PROGRESS PRODUCTION COST	44
32.	REVENUES AND COSTS OF EXTRAORDINARY VALUE OR INCIDENTAL	45
33.	STRUCTURE OF CASH ACCEPTED TO THE CASH FLOW STATEMENT	45

34. REASONS BEHIND DIFFERENCES BETWEEN CHANGES IN CERTAIN BALANCE SHEET ITEMS AND CHANGES OF THE

	SAME ITEMS DISCLOSED IN THE CASH FLOW STATEMENT	45
35.	INFORMATION ON AVERAGE EMPLOYMENT DIVIDED INTO OCCUPATIONAL GROUPS	46
36.	INFORMATION ON AUDIT COMPANY REMUNERATION, PAID OR DUE FOR THE FINANCIAL YEAR	47

37. INFORMATION ON REMUNERATION, TOGETHER WITH REMUNERATION ON PROFIT AND PENSIONS PAID OR DUE

TO PERSONS MAKING UP MANAGEMENT AND SUPERVISORY BODIES

47

38. INFORMATION ON LOANS AND BENEFITS SIMILAR IN NATURE GRANTED TO PERSONS MAKING UP

	MANAGEMENT AND SUPERVISORY BODIES	47
39.	INFORMATION ON JOINT VENTURES NOT SUBJECT TO CONSOLIDATION	47
40.	INFORMATION ON THE CAPITAL GROUP AND TRANSACTIONS WITH AFFILIATED ENTITIES	47
	40.1.	Capital Group	47
	40.2.	Transactions with affiliated entities	50

41. LIST OF COMPANIES WITH COMPANY'S EQUITY INTEREST OR 20% OF THE TOTAL NUMBER OF VOTES IN THE

	COMPANY'S GOVERNING BODY	53
42.	INFORMATION ON FULFILLING THE OBLIGATIONS OF ART. 44 OF THE ENERGY LAW ACT	54
43.	GOALS AND RULES OF FINANCIAL RISK MANAGEMENT	58
	Interest rate risk	58
	Credit risk	58
	Currency risk	60
	Financial instruments	60
44.	WAR IN UKRAINE	61
45.	EVENTS AFTER THE BALANCE SHEET DATE	61

3

ZE PAK SA

Financial statement for the year concluded on 31 December 2022

(in PLN thousand)

BALANCE SHEET

Assets

A. Fixed assets

1. Intangible and legal assets
2. 1. Costs of completed development work
   2. Goodwill
   3. Other intangible and legal assets
   4. Advance payment on intangible and legal assets

1. Tangible fixed assets
2. 1. Fixed assets
   2. 1. lands (including the perpetual usufruct of land)
      2. buildings, premises, as well as civil and water engineering facilities
      3. technical equipment and machinery
      4. means of transport
      5. other fixed assets
   3. Capital work in progress
   4. Advance payments for capital work in progress

1. Long-termreceivables
2. 1. From affiliated entities
   2. From other entities, where the entity has equity interests
   3. From other entities

IV. Long-term investments

1. Properties
2. Intangible and legal assets
3. Long-termfinancial assets
4. 1. in affiliated entities
   2. • shares or stocks
      • other securities
      • loans granted
      • other long-term financial assets
   3. in other entities where the unit has equity interest
   4. • shares or stocks
      • other securities
      • loans granted
      • other long-term financial assets
   5. in other entities
   6. • shares or stocks
      • other securities
      • loans granted
      • other long-term financial assets

4. Other long-term investments

1. Long-termprepayments
2. 1. Deferred income tax assets
   2. Other prepayments and accruals

B. Current assets

1. Inventories
2. 1. Materials
   2. Semi-finishedproducts and products in progress
   3. Finished products

Note	as at 31 December		as at 31 December
	2022		2021
	779 112		842 868
6	2 420	1 917
	-	-
	-	-
	2 420	1 917
	-	-
7	37 490	660 059
	5 952	450 232
	1 647	1 685
	1 119	107 942
	2 391	339 815
	64	147
	731	643
	13 870	187 291
	17 668	22 536
	-	-
	-	-
	-	-
	-	-
8.1	732 081	176 354
	-	-
	-	-
	732 081	176 354
	731 929	170 527
	687 842	161 850
	-	-
	41 557	6 147
	2 530	2 530
	-	-
	-	-
	-	-
	-	-
	-	-
	152	5 827
	152	152
	-	-
	-	-
	-	5 675
	-	-
10	7 121	4 538
	3 660	-
	3 461		4 538
	2 005 531	1 858 904
23	14 220	57 225
	11 841	23 852
	-	-
	-	-

4

ZE PAK SA

Financial statement for the year concluded on 31 December 2022

(in PLN thousand)

1. Goods
2. Advance payments for supplies

II. Short-term receivables

1. Receivables from affiliated units
2. 1. trade-related,with a payment period of:
   2. • up to 12 months
      • above 12 months
   3. other
3. Receivables from other entities where the unit has equity interests
4. 1. trade-related,with a payment period of:
   2. • up to 12 months
      • above 12 months
   3. other
5. Receivables from other parties
6. 1. trade-related,with a payment period of:
   2. • up to 12 months
      • above 12 months
   3. on account of taxes, subsidies, customs duties, social and health insurance, and other benefits
   4. other
   5. pursued in court

1. Short-terminvestments
2. 1. Short-termfinancial assets
   2. 1. in affiliated entities
      2. • shares or stocks
         • other securities
         • loans granted
         • other short-term financial assets
      3. in other entities
      4. • shares or stocks
         • other securities
         • loans granted
         • other short-term financial assets
      5. cash and cash equivalents
      6. • cash in hand and at bank
         • other cash
         • other monetary assets
   3. Other short-term investments

IV. Short-term prepayments

1. Called-upshare capital (fund) contributions
2. Equity shares

Total assets

Konin, 27 April 2023

	2 378	33 373
	1	-
9	487 932	1 356 364
40.2	23 126	28 226
	20 499	28 171
	20 499	28 171
	-	-
	2 627	55
	-	-
	-	-
	-	-
	-	-
	-	-
	464 806	1 328 138
	46 514	171 531
	46 514	171 531
	-	-
	7 410	11 585
	410 882	1 145 022
	-	-
8.2	1 499 496	445 020
	1 499 496	445 020
	281 499	33 075
	-	-
	-	-
	281 499	33 075
	-	-
	-	-
	-	-
	-	-
	-	-
	-	-
33	1 217 997	411 945
	1 217 997	411 945
	-	-
	-	-
	-	-
10	3 883	295
	-	-
	-		-
	2 784 643		2 701 772

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