Market announcement
AS TALLINNA SADAM
Category
Other price sensitive information
Date
13.11.2008 09:59:30
Title
KONSOLIDEERITUD MAJANDUSTULEMUSED 9 KUUD 2008
Message
Seoses 3 kuu, 6 kuu, 9 kuu ja 12 kuu saldoandmike esitamisega Rahandusministeeriumile hakkab AS Tallinna Sadam lisaks börsi reglemendis nõutud 6 kuu ja 12 kuu vahearuande esitamisele esitama ka 3 kuu ja 9 kuu majandustulemusi. 2008. aasta üheksa kuuga läbis ASi Tallinna Sadam kaupa kokku 21,9 milj tonni, mis eelmise aasta sama perioodiga võrreldes oli 6,8 milj tonni ehk 24% vähem. Lastiliikidest vähenes puistlasti ja vedellasti maht ning kasvas veidi veerem- ja konteinerkaupade maht. ASi Tallinna Sadam sadamaid läbinud reisijate arv saavutas aga rekordilise taseme ning oli üheksa kuu kokkuvõttes 5,7 milj reisijat, mis tähendas eelmise aasta sama perioodiga võrreldes kasvu 0,6 milj reisija ehk 13% võrra. Mahuliselt suurima osa andsid kasvust Tallinn-Helsinki (kasv 0,5 milj reisijat, kokku 4,7 milj) ja Tallinn-Stockholm (kasv 0,08 milj reisijat, kokku 0,6 milj) liinid, suhteliselt kiireima kasvu tegi aga kruiisireisijate arv (kasv 28%, kokku 375 tuh reisijat). Üheksa kuu müügitulu oli kokku 914 milj krooni (58,4 milj eurot), jäädes eelmise aasta sama perioodi tasemele (vähenemine 4, 1 milj krooni (0,3 milj eurot) ehk 0,4%). Müügitulu kujunemist mõjutas vähendavas suunas kaubamahu vähenemine, mida tasakaalustas reisijate arvu ja reisilaevaliikluse kasv, renditulude kasv ning teenuste hindade korrigeerimine. Tegevuskulusid vähendati eelmise aasta sama perioodi võrdluses 8,1 milj krooni (0,5 milj euro) võrra (ligi 4%) ning need olid kokku 216,9 milj krooni (13,9 milj eurot). Kululiikidest kasvas enim maamaksukulu ning vähenes enim põhivarade remondikulu. Tööjõukulud jäid eelmise aastaga samale tasemele. Põhivarade kulum kasvas põhivarade mahu kasvu tulemusel. Muu äritulu all kajastus ühekordse iseloomuga varade müügikasum summas 15 milj krooni (1 milj eurot), mida eelmise aasta võrreldaval perioodil ei olnud. Ärikasum kasvas 9 milj krooni (0,6 milj euro ehk 2%) võrra 442 milj kroonini (28,3 milj euroni). Seoses intressimäärade tõusuga kasvas finantskulu 15 milj krooni (1 milj euro ehk 28%) võrra 70,5 milj kroonini (4,5 milj euroni). Dividendide tulumaksukulu oli 26,6 milj krooni (1,7 milj eurot), mis vähenes 58 milj krooni (3,7 milj euro) võrra seoses 2008. aastal väljakuulutatud dividendi summa vähenemisega 100 milj kroonini (6,4 milj euroni). Puhaskasum kasvas ligi 51 milj krooni (3,2 milj euro ehk 17%) võrra ning oli 354,6 milj krooni (22,7 milj eurot). KONSOLIDEERITUD BILANSS -------------------------------------------------------------------------------- | tuhandetes (auditeerimata) | EEK | EEK | EUR | EUR | -------------------------------------------------------------------------------- | |30.09.2008 |31.12.2007 |30.09.2008 | 31.12.2007 | -------------------------------------------------------------------------------- | VARAD | | | | | -------------------------------------------------------------------------------- | Käibevara | | | | | -------------------------------------------------------------------------------- | Raha ja raha ekvivalendid | 133 642 | 269 641 | 8 541 | 17 233 | -------------------------------------------------------------------------------- | Müügiootel finantsvara | 2 855 | 2 855 | 182 | 182 | -------------------------------------------------------------------------------- | Tuletisinstrumendid | 3 402 | 11 427 | 217 | 730 | -------------------------------------------------------------------------------- | Nõuded ostjate vastu ja | 113 243 | 110 880 | 7 238 | 7 087 | | muud nõuded | | | | | -------------------------------------------------------------------------------- | Kokku käibevara | 253 142 | 394 803 | 16 178 | 25 232 | -------------------------------------------------------------------------------- | Põhivara | | | | | -------------------------------------------------------------------------------- | Investeeringud | 3 715 | 2 673 | 237 | 171 | | ühisettevõtjatesse | | | | | -------------------------------------------------------------------------------- | Muud pikaajalised nõuded | 6 960 | 6 959 | 445 | 445 | -------------------------------------------------------------------------------- | Materiaalne põhivara | 6 651 079 | 6 385 769 | 425 082 | 408 125 | -------------------------------------------------------------------------------- | Kokku põhivara | 6 661 754 | 6 395 401 | 425 764 | 408 741 | -------------------------------------------------------------------------------- | Kokku varad | 6 914 896 | 6 790 204 | 441 942 | 433 973 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | KOHUSTUSED | | | | | -------------------------------------------------------------------------------- | Lühiajalised kohustused | | | | | -------------------------------------------------------------------------------- | Võlakirjade ja pikaajaliste | 445 407 | 608 435 | 28 467 | 38 886 | | laenude tagasimaksed | | | | | | järgmisel perioodil | | | | | -------------------------------------------------------------------------------- | Võlad tarnijatele ja muud | 153 028 | 195 190 | 9 779 | 12 475 | | võlad | | | | | -------------------------------------------------------------------------------- | Võlad aktsionäridele | 100 000 | 0 | 6 391 | 0 | -------------------------------------------------------------------------------- | Lühiajalised eraldised | 0 | 18 910 | 0 | 1 208 | -------------------------------------------------------------------------------- | Kokku lühiajalised | 698 435 | 822 535 | 44 637 | 52 569 | | kohustused | | | | | -------------------------------------------------------------------------------- | Pikaajalised kohustused | | | | | -------------------------------------------------------------------------------- | Pikaajalised võlakohustused | 1 453 504 | 1 453 504 | 92 896 | 92 896 | -------------------------------------------------------------------------------- | Sihtfinantseerimine | 11 449 | 11 455 | 732 | 732 | -------------------------------------------------------------------------------- | Muud pikaajalised võlad | 9 917 | 9 400 | 634 | 601 | -------------------------------------------------------------------------------- | Kokku pikaajalised | 1 474 870 | 1 474 359 | 94 262 | 94 229 | | kohustused | | | | | -------------------------------------------------------------------------------- | Kokku kohustused | 2 173 305 | 2 296 894 | 138 899 | 146 798 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | OMAKAPITAL | | | | | -------------------------------------------------------------------------------- | Aktsiakapital nimiväärtuses | 2 786 204 | 2 786 204 | 178 071 | 178 071 | -------------------------------------------------------------------------------- | Kohustuslik reservkapital | 278 620 | 275 562 | 17 807 | 17 612 | -------------------------------------------------------------------------------- | Riskimaandamise reserv | 2 296 | 8 642 | 147 | 552 | -------------------------------------------------------------------------------- | Eelmiste perioodide | 1 319 844 | 1 087 071 | 84 353 | 69 476 | | jaotamata kasum | | | | | -------------------------------------------------------------------------------- | Aruandeperioodi kasum | 354 627 | 335 831 | 22 665 | 21 464 | -------------------------------------------------------------------------------- | Kokku omakapital | 4 741 591 | 4 493 310 | 303 043 | 287 175 | -------------------------------------------------------------------------------- | Kokku kohustused ja | 6 914 896 | 6 790 204 | 441 942 | 433 973 | | omakapital | | | | | -------------------------------------------------------------------------------- KONSOLIDEERITUD KASUMIARUANNE -------------------------------------------------------------------------------- | tuhandetes (auditeerimata) | EEK | EEK | EUR | EUR | -------------------------------------------------------------------------------- | | 9 kuud | 9 kuud | 9 kuud | 9 kuud | | | 2008 | 2007 | 2008 | 2007 | -------------------------------------------------------------------------------- | Müügitulu | 914 120 | 918 248 | 58 423 | 58 687 | -------------------------------------------------------------------------------- | Muud äritulud | 20 621 | 6 737 | 1 318 | 431 | -------------------------------------------------------------------------------- | Tegevuskulud | -216 861 | -224 956 | -13 860 | -14 378 | -------------------------------------------------------------------------------- | Tööjõukulud | -115 629 | -115 279 | -7 390 | -7 369 | -------------------------------------------------------------------------------- | Põhivara kulum ja väärtuse | -154 576 | -148 319 | -9 879 | -9 478 | | langus | | | | | -------------------------------------------------------------------------------- | Muud ärikulud | -5 610 | -3 360 | -359 | -215 | -------------------------------------------------------------------------------- | Ärikasum | 442 065 | 433 071 | 28 253 | 27 678 | -------------------------------------------------------------------------------- | Finantstulud ja -kulud | | | | | -------------------------------------------------------------------------------- | Finantstulud | 8 638 | 10 075 | 552 | 644 | -------------------------------------------------------------------------------- | Finantskulud | -70 536 | -55 309 | -4 508 | -3 535 | -------------------------------------------------------------------------------- | Kokku finantstulud ja | -61 898 | -45 234 | -3 956 | -2 891 | | -kulud | | | | | -------------------------------------------------------------------------------- | Kasum/kahjum | 1 042 | 652 | 67 | 42 | | kapitaliosaluse meetodil | | | | | | investeeringutelt | | | | | | ühisettevõtjasse | | | | | -------------------------------------------------------------------------------- | Kasum enne tulumaksustamist | 381 209 | 388 489 | 24 364 | 24 829 | -------------------------------------------------------------------------------- | Tulumaks | -26 582 | -84 615 | -1 699 | -5 408 | -------------------------------------------------------------------------------- | Aruandeperioodi puhaskasum | 354 627 | 303 874 | 22 665 | 19 421 | -------------------------------------------------------------------------------- | Puhaskasum ja lahjendatud | 1,27 | 1,10 | 0,08 | 0,07 | | puhaskasum aktsia kohta | | | | | | (kroonides, eurodes) | | | | | -------------------------------------------------------------------------------- Marko Raid Finantsjuht 6318047 Sven Ratassepp Avalike suhete juht 6318064
Title
CONSOLIDATED RESULTS 9 MONTHS 2008
Message
Due to presentation of 3 month, 6 month, 9 month and 12 month balance statements to the Ministry of Finance in addition to the presentation of 6 month and 12 month intermediary reports requested in the Stock Exchange rules and regulations, Port of Tallinn will also start to present 3 month and 9 month results. During the nine months of 2008 a total of 21.9 m tons of cargo passed through Port of Tallinn, which compared to the same period of the previous year was less by 6.8 m tons or 24%. The volume of dry bulk and liquid bulk decreased and that of ro-ro and containerized cargo somewhat increased. The number of passengers passing through Port of Tallinn reached a record level and in the nine month amounted to 5.7 m passengers, which compared to the same period last year indicated a growth of 0.6 m passengers or 13%. In terms of volume Tallinn-Helsinki (growth of 0.5 m passengers, a total of 4.7 m) and Tallinn-Stockholm (growth of 0.08 m passengers, a total of 0.6 m) lines contributed most to the growth, whereas the number of cruise passengers grew by highest percentage (growth of 28%, a total of 375 th passengers). The sales of nine months reached a total of EEK 914 m (EUR 58.4 m), remaining on the level of the same period in the previous year (decrease of EEK 4.1 m (EUR 0.3 m) or 0.4%). Sales followed the decreasing trend due to the decreasing of cargo volume, which was balanced by increase in the number of passengers and passenger ferry traffic, increase of rental income and adjusting of service prices. Compared to the same period in the previous year, operating expenses decreased by EEK 8.1 m (EUR 0.5 m), which amounts to approximately 4% and totaled EEK 216.9 m (EUR 13.9 m). Among expense types land tax expense increased the most and repair expense of non-current assets decreased the most. Payroll expenses remained on the level of the previous year. Accumulated depreciation increased as a result of increase of non-current assets volume. Other income includes one-time profit from sale of assets in the amount of EEK 15 m (EUR 1 m), which was not present in the same period of the previous year. Operating profit increased by EEK 9 m (EUR 0.6 m or 2%) up to EEK 442 m (EUR 28.3 m). Due to rising interest rates financial expense increased by EEK 15 m (EUR 1 m or 28%) up to EEK 70.5 m (EUR 4.5 m). Income tax on dividends was EEK 26.6 m (EUR 1.7 m), which decreased by EEK 58 m (EUR 3.7 m) due to the decreasing of the dividend amount declared in 2008 to EEK 100 m (EUR 6.4 m). Net profit increased by almost EEK 51 m (EUR 3.2 m or 17%) and amounted to EEK 354.6 m (EUR 22.7 m). CONSOLIDATED BALANCE SHEET -------------------------------------------------------------------------------- | in thousands of (unaudited) | EEK | EEK | EUR | EUR | -------------------------------------------------------------------------------- | |30.09.2008 |31.12.2007 |30.09.2008 | 31.12.2007 | -------------------------------------------------------------------------------- | ASSETS | | | | | -------------------------------------------------------------------------------- | Current assets | | | | | -------------------------------------------------------------------------------- | Cash and cash equivalents | 133 642 | 269 641 | 8 541 | 17 233 | -------------------------------------------------------------------------------- | Available for sale | 2 855 | 2 855 | 182 | 182 | | financial assets | | | | | -------------------------------------------------------------------------------- | Derivatives | 3 402 | 11 427 | 217 | 730 | -------------------------------------------------------------------------------- | Trade and other receivables | 113 243 | 110 880 | 7 238 | 7 087 | -------------------------------------------------------------------------------- | Total current assets | 253 142 | 394 803 | 16 178 | 25 232 | -------------------------------------------------------------------------------- | Non-current assets | | | | | -------------------------------------------------------------------------------- | Investments in joint | 3 715 | 2 673 | 237 | 171 | | venture | | | | | -------------------------------------------------------------------------------- | Other long-term receivables | 6 960 | 6 959 | 445 | 445 | -------------------------------------------------------------------------------- | Property, plant and | 6 651 079 | 6 385 769 | 425 082 | 408 125 | | equipment | | | | | -------------------------------------------------------------------------------- | Total non-current assets | 6 661 754 | 6 395 401 | 425 764 | 408 741 | -------------------------------------------------------------------------------- | Total assets | 6 914 896 | 6 790 204 | 441 942 | 433 973 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | LIABITLITIES | | | | | -------------------------------------------------------------------------------- | Current liabilities | | | | | -------------------------------------------------------------------------------- | Current portion of bonds | 445 407 | 608 435 | 28 467 | 38 886 | | and long-term loans | | | | | -------------------------------------------------------------------------------- | Supplier and other payables | 153 028 | 195 190 | 9 779 | 12 475 | -------------------------------------------------------------------------------- | Payable to shareholders | 100 000 | 0 | 6 391 | 0 | -------------------------------------------------------------------------------- | Short-term provisions | 0 | 18 910 | 0 | 1 208 | -------------------------------------------------------------------------------- | Total current liabilities | 698 435 | 822 535 | 44 637 | 52 569 | -------------------------------------------------------------------------------- | Non-current liabilities | | | | | -------------------------------------------------------------------------------- | Long-term borrowings | 1 453 504 | 1 453 504 | 92 896 | 92 896 | -------------------------------------------------------------------------------- | Government grants | 11 449 | 11 455 | 732 | 732 | -------------------------------------------------------------------------------- | Other long-term payables | 9 917 | 9 400 | 634 | 601 | -------------------------------------------------------------------------------- | Total non-current | 1 474 870 | 1 474 359 | 94 262 | 94 229 | | liabilities | | | | | -------------------------------------------------------------------------------- | Total liabilities | 2 173 305 | 2 296 894 | 138 899 | 146 798 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | EQUITY | | | | | -------------------------------------------------------------------------------- | Share capital at nominal | 2 786 204 | 2 786 204 | 178 071 | 178 071 | | value | | | | | -------------------------------------------------------------------------------- | Statutory reserve capital | 278 620 | 275 562 | 17 807 | 17 612 | -------------------------------------------------------------------------------- | Hedge reserve | 2 296 | 8 642 | 147 | 552 | -------------------------------------------------------------------------------- | Retained earnings | 1 319 844 | 1 087 071 | 84 353 | 69 476 | -------------------------------------------------------------------------------- | Profit for the period | 354 627 | 335 831 | 22 665 | 21 464 | -------------------------------------------------------------------------------- | Total equity | 4 741 591 | 4 493 310 | 303 043 | 287 175 | -------------------------------------------------------------------------------- | Total liabilities and | 6 914 896 | 6 790 204 | 441 942 | 433 973 | | equity | | | | | -------------------------------------------------------------------------------- CONSOLIDATED INCOME STATEMENT -------------------------------------------------------------------------------- | in thousands of (unaudited) | EEK | EEK | EUR | EUR | -------------------------------------------------------------------------------- | | 9 months | 9 months | 9 months | 9 months | | | 2008 | 2007 | 2008 | 2007 | -------------------------------------------------------------------------------- | Sales | 914 120 | 918 248 | 58 423 | 58 687 | -------------------------------------------------------------------------------- | Other income | 20 621 | 6 737 | 1 318 | 431 | -------------------------------------------------------------------------------- | Operating expenses | -216 861 | -224 956 | -13 860 | -14 378 | -------------------------------------------------------------------------------- | Personnel expenses | -115 629 | -115 279 | -7 390 | -7 369 | -------------------------------------------------------------------------------- | Depreciation and impairment | -154 576 | -148 319 | -9 879 | -9 478 | -------------------------------------------------------------------------------- | Other expenses | -5 610 | -3 360 | -359 | -215 | -------------------------------------------------------------------------------- | Operating profit | 442 065 | 433 071 | 28 253 | 27 678 | -------------------------------------------------------------------------------- | Finance income and costs | | | | | -------------------------------------------------------------------------------- | Finance income | 8 638 | 10 075 | 552 | 644 | -------------------------------------------------------------------------------- | Finance costs | -70 536 | -55 309 | -4 508 | -3 535 | -------------------------------------------------------------------------------- | Total finance income and | -61 898 | -45 234 | -3 956 | -2 891 | | costs | | | | | -------------------------------------------------------------------------------- | Profit/loss from investments | 1 042 | 652 | 67 | 42 | | in joint venture under | | | | | | equity method of accounting | | | | | -------------------------------------------------------------------------------- | Profit before tax | 381 209 | 388 489 | 24 364 | 24 829 | -------------------------------------------------------------------------------- | Income tax expense | -26 582 | -84 615 | -1 699 | -5 408 | -------------------------------------------------------------------------------- | Profit for the period | 354 627 | 303 874 | 22 665 | 19 421 | -------------------------------------------------------------------------------- | Basic earnings and diluted | 1,27 | 1,10 | 0,08 | 0,07 | | earnings per share (in | | | | | | kroons, euros) | | | | | -------------------------------------------------------------------------------- Marko Raid Chief Financial Officer +372 6318047 Sven Ratassepp Public Relations Manager +372 6318064