Börsiteade
AS Tallink Grupp
LEI kood
529900QRMWAKKR3L9W75
Emitendi suuruskategooria
Suur kontsern
Majandustegevusalad
Hulgi- ja jaekaubandus, Veondus ja laondus, Majutus ja toitlustus, Haldus- ja abitegevused
Emitendi registreeritud asukoht
Eesti
Üldandmed
Kategooriad
Juhtkonna vaheteadaanne või kvartaalne finantsaruanne
Teate ID
3941
Manused
Esitamise kuupäev ja aeg
28.02.2013 16:05:57
Teate sisu eesti keeles
Pealkiri
2012 majandusaasta 12-kuu konsolideeritud auditeerimata vahearuanne
Teade
Tallinn, 2013-02-28 15:05 CET (GLOBE NEWSWIRE) --
2012 majandusaasta 12-kuu konsolideeritud auditeerimata vahearuanne
AS Tallink Grupp ja tema tütarettevõtted (edaspidi „Kontsern“) vedas 2012
majandusaastal kokku 9,26 miljonit reisijat mida on 1,3% rohkem võrreldes
eelmise aastaga. Kontserni auditeerimata konsolideeritud müügitulu kasvas 4%
võrra kokku 943,9 miljoni euroni. 2012 majandusaasta auditeerimata brutokasum
kokku oli 201,2 miljonit eurot, EBITDA 165,5 miljonit eurot ning auditeerimata
puhaskasum 56,3 miljonit eurot (0,08 senti aktsia kohta), mis on 49% või 18,6
miljonit eurot rohkem kui eelmise aasta samal perioodil.
2012 majandusaasta neljandas kvartalis (1. oktoober – 31. detsember) vedas
kontsern kokku 2,1 miljonit reisijat, mida on 1% enam kui sama perioodi jooksul
eelmisel aastal. Auditeerimata müügitulu 2012. aasta neljandas kvartalis
suurenes 4% võrreldes eelmise aasta sama perioodiga, kokku 222,8 miljoni
euroni. Perioodi puhaskasum oli 5,7 miljonit eurot võrrelduna 0,6 miljoni euro
suuruse kasumiga eelmise aasta neljandas kvartalis.
Peamine Kontserni müügitulude kasv 2012 aastal tuleneb ligi 30 miljoni euro
võrra suuremast kaupluste ja restoranide müügist. Piletituludele kasvu pärssis
halb ilm ja tugev konkurents. Poodide ja restoranide müügitulu positiivne trend
jätkus ka neljandas kvartalis näidates 6% kasvu absoluutarvestuses ning 5%-list
tulu kasvu resija kohta võrreldes eelmise aasta sama perioodiga.
Kütusekulu märgatav tõus 2012 majanduaasta esimeses pooles on avaldanud mõju
Kontserni kasumimarginaalidele. Neljandas kvartalis olid laevakütuse hinnad
eelmise aasta sama perioodiga võrreldaval tasemel. Vaatama 2012 aasta kõrgest
kütusehinnast on Kontsern suutnud näidata häid müügitulemusi ning suurendada
2012 majanduaastal puhaskasumit. Oluline mõju puhaskasumile tuli ka Soome-Saksa
liini sulgemisest ja liinil tegutsenud laevade tulusast prahtimisest.
2012 aastal on Kontsern panustanud elektrooniliste müügikanalite arendamisse,
et täiustada toodete kättesaadavust ning nähtavust. Hiljuti avati uued
veebilehed meie klientidele. Läbi aasta on käinud internetipõhise
broneerimissüsteemi uue versiooni arendamine, mis on nüüd jõudnud testimise
faasi. Süsteemi arendades on peamine tähelepanu olnud kasutusmugavusel,
lihtsusel ning hinnapoliitika läbipaistvusel. Tallinki laevapiletite
broneerimise rakendus nutitelefonidele on nüüd saadaval Android ja Apple
mobiilsetele platvormidele.
2012 detsembris sõlmis Kontsern uue viie aasta pikkuse laenulepingu mahus 440
miljonit eurot, mida kasutati mitme vanema laenu refinantseerimiseks. Seoses
sellega kahanes Kontserni järgmiste aastate tagasimakstavate laenude graafik,
mis omakorda parandab Kontserni likviidsus positsiooni. Varasemate laenude
ennetähtaegsest tagastamisest tulenevalt kanti kuludesse nimetatud laenudega
seotud korraldamiskulude jäägid, mida amortiseeriti lineaarselt laenuperioodi
jooksul. Selle tulemusel kajastub 2012 majandusaasta 4 kvartalis ühekordne kulu
summas 3,2 miljonit eurot.
Viimase 12-kuu jooksul on Kontsern laenukoormust vähendanud 119,2 miljoni euro
võrra või 12,4%. Kontserni netovõlg neljanda kvartali lõpus oli 774 miljonit
eurot ning moodustas 4,68 korda eelneva 12-kuu EBITDA-st. Detsembri lõpus oli
Kontsernil 66 miljoni euro väärtuses raha ja likviidseid vahendeid. Kasutamata
krediidiliinide maht oli 50 miljonit eurot. Kontserni kogulikviidsus, mis
hõlmab raha ja kasutamata krediidilimiite kokku ulatus neljanda kvartali lõpus
116 miljoni euroni tagades tugeva finantspositsiooni jätkusuutlikuks
opereerimiseks.
PÕHINÄITAJAD 2012 2011 muutus
okt-dets okt-dets
--------------------------------------------------------------------------------
EUR EUR
--------------------------------------------------------------------------------
Kontsern kokku
--------------------------------------------------------------------------------
Müügitulu (miljonites) 222,8 214,2 4,0%
--------------------------------------------------------------------------------
Brutokasum (miljonites) 40,0 39,8 0,5%
--------------------------------------------------------------------------------
Brutokasumi marginaal 17,9% 18,6%
--------------------------------------------------------------------------------
EBITDA (miljonites) 32,1 31,2 2,9%
--------------------------------------------------------------------------------
EBITDA marginaal 14,4% 14,6%
--------------------------------------------------------------------------------
Aruande perioodi puhaskasum / -kahjum 5,7 0,6 856,7%
(miljonites)
--------------------------------------------------------------------------------
Puhaskasumi marginaal 2,56% 0,28%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Amortisatsioon (miljonites) 18,0 17,8 1,2%
--------------------------------------------------------------------------------
Investeeringud (miljonites) 0,6 2,8 -80,6%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Aktsiate kaalutud keskmine arv** 669 882 040 669 882 040
--------------------------------------------------------------------------------
Aktsiakasum 0,009 0,001 856,7%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Reisijate arv 2 133 163 2 111 057 1,0%
--------------------------------------------------------------------------------
Kaubaveo ühikute arv 70 457 70 772 -0,45%
--------------------------------------------------------------------------------
Töötajate keskmine arv 6 799 6 718 1,2%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
31.12.2012 30.09.2012
--------------------------------------------------------------------------------
Varad 1 741,8 1 754,3 -0,7%
--------------------------------------------------------------------------------
Intressi kandvad kohustused (miljonites) 840,4 862,2 -2,5%
--------------------------------------------------------------------------------
Netovõlg (miljonites) 774,8 803,1 -3,5%
--------------------------------------------------------------------------------
Omakapital kokku (miljonites) 760,8 755,6 0,7%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Omakapitali määr 43,7% 43,1%
--------------------------------------------------------------------------------
Netovõla EBITDA suhe 4,68 4,9
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Aktsiate arv** 669 882 040 669 882 040 0%
--------------------------------------------------------------------------------
Omakapital aktsia kohta 1,14 1,13 0,7%
--------------------------------------------------------------------------------
EBITDA: Finantstulude ja -kulude, maksude ja kulumi eelne kasum;
Aktsiakasum: Puhaskasum / Kaalutud keskmine aktsiate arv;
Omakapitali määr: Omakapital kokku / Varad kokku;
Omakapital aktsia kohta: Omakapital / Aktsiate arv;
Brutokasumi marginaal: Brutokasum / Müügitulu;
EBITDA marginaal: EBITDA / Müügitulu;
Puhaskasumi marginaal: Puhaskasum / Müügitulu;
Netovõlg: Intressikandvad kohustused miinus raha ja raha ekvivalendid;
Netovõla ja EBITDA suhe: Netovõlg / 12 kuu EBITDA.
** Aktsiate arv ei sisalda oma aktsiaid.
KONSOLIDEERITUD KOONDKASUMIARUANNE
(auditeerimata, tuhandetes 01.10.2012- 01.10.2011- 01.01.2012- 01.01.2011-
eurodes)
31.12.2012 31.12.2011 31.12.2012 31.12.2011
================================================================================
Jätkuvad tegevused
Müügitulu 222,816 214,246 943,868 891,226
Müüdud kaupade ja teenuste -182,836 -174,483 -742,669 -691,335
kulu
Brutokasum 39,980 39,763 201,199 199,891
--------------------------------------------------------------------------------
Turustuskulud -17,183 -14,254 -65,407 -58,805
Halduskulud -10,626 -10,848 -44,081 -41,327
Muud äritulud 2,806 188 3,659 1,260
Muud ärikulud -802 -1,287 -1,654 -1,317
--------------------------------------------------------------------------------
Kasum/-kahjum äritegevusest 14,175 13,562 93,716 99,702
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Finantstulud 2,735 1,316 5,269 1,529
Finantskulud -13,991 -12,995 -46,249 -54,055
Kasum tütarettevõtetest 0 0 783 0
Kapitaliosaluse meetodil 19 -100 19 -100
kajastatud
investeeringuobjektide
kasumi/-kahjumi osa
Kasum/-kahjum jätkuvatest 2,938 1,783 53,538 47,076
tegevustest
--------------------------------------------------------------------------------
Tulumaks 2,764 -1,187 2,764 -1,302
Aruandeperioodi 5,702 596 56,302 45,774
puhaskasum/-kahjum
--------------------------------------------------------------------------------
----------------------------- --------------------------------------
Kasum/-kahjum lõpetatud 0 0 0 -8,047
tegevustest
--------------------------------------------------------------------------------
Aruandeperioodi 5,702 596 56,302 37,727
puhaskasum/-kahjum
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Muu koondkasum/-kahjum
Valuutakursi vahed -442 -63 -563 88
välisettevõtetest
Perioodi muu -442 -63 -563 88
koondkasum/-kahjum kokku
--------------------------------------------------------------------------------
Perioodi koondkasum/-kahjum 5,260 533 55,739 37,815
kokku
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Sh.
Emaettevõtte omanike osa 5,702 596 56,302 37,727
puhaskasumist/-kahjumist
(Lisa 5)
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Sh.
Emaettevõtte omanike osa 5,260 533 55,739 37,815
koondkasumist/-kahjumist
Kasum aktsia kohta (EUR-ides
ühe aktsia kohta)
- tava (Lisa 5) 0.01 0.00 0.08 0.06
- lahustatud (Lisa 5) 0.01 0.00 0.08 0.06
--------------------------------------------------------------------------------
KONSOLIDEERITUD FINANTSSEISUNDI ARUANNE
(auditeerimata, tuhandetes eurodes)
VARAD 31.12.2012 31.12.2011
======================================================================
Käibevara
----------------------------------------------------------------------
Raha ja raha ekvivalendid 65,600 75,421
Nõuded ostjate vastu ja muud nõuded 42,555 35,152
Ettemaksed 5,151 7,087
Varud 29,426 25,198
Käibevara kokku 142,732 142,858
----------------------------------------------------------------------
Põhivara
----------------------------------------------------------------------
Investeeringud sidusettevõtetesse 245 226
Muud finantsvarad 296 2,551
Edasilükkunud tulumaksuvara 12,264 9,452
Kinnisvarainvesteering 300 300
Materiaalne põhivara 1,526,995 1,583,002
Immateriaalne põhivara 58,999 61,153
-----------------------------------------------
Põhivara kokku 1,599,099 1,656,684
----------------------------------------------------------------------
-----------------------------------------------
VARAD KOKKU 1,741,831 1,799,542
----------------------------------------------------------------------
KOHUSTUSED JA OMAKAPITAL
======================================================================
Lühiajalised kohustused
----------------------------------------------------------------------
Intressikandvad võlakohustused 103,685 145,261
Võlad tarnijatele ja muud võlad 92,988 86,793
Ettemakstud tulud 25,458 25,226
Tuletisinstrumendid 22,102 22,668
Lühiajalised kohustused kokku 244,233 279,948
----------------------------------------------------------------------
Pikaajalised kohustused
-----------------------
----------------------------------------------------------------------
Intressikandvad võlakohustused 736,699 814,305
Muud kohustused 69 198
----------------------------------------------------------------------
Pikaajalised kohustused kokku 736,768 814,503
----------------------------------------------------------------------
Kohustused kokku 981,001 1,094,451
----------------------------------------------------------------------
OMAKAPITAL
----------------------------------------------------------------------
Emaettevõtja aktsionäridele kuuluv omakapital
----------------------------------------------------------------------
----------------------------------------------------------------------
Aktsiakapital nimiväärtuses 404,290 404,290
Ülekurss 639 639
Reservid 69,091 70,497
Jaotamata kasum 286,810 229,665
----------------------------------------------------------------------
Emaettevõtte omanikele kuuluv omakapital kokku 760,830 705,091
----------------------------------------------------------------------
OMAKAPITAL KOKKU 760,830 705,091
----------------------------------------------------------------------
----------------------------------------------------------------------
KOHUSTUSED JA OMAKAPITAL KOKKU 1,741,831 1,799,542
----------------------------------------------------------------------
KONSOLIDEERITUD RAHAVOOGUDE ARUANNE
(auditeerimata, tuhandetes eurodes) 01.01.2012 - 01.01.2011-
31.12.2012 31.12.2011
Rahavood äritegevusest
Aruandeperioodi puhaskasum/-kahjum 56,302 37,727
Korrigeerimised 107,368 126,782
Äritegevusega seotud varade muutused -9,796 -3,879
Äritegevusega seotud kohustuste muutused 6,782 -395
Makstud tulumaks -40 -95
--------------------------------------------------------------------------------
160,616 160,140
--------------------------------------------------------------------------------
------------------------------------------------------
Rahavood investeerimistegevusest
Materiaalse põhivara ja immateriaalse põhivara -9,449 -9,492
soetamine
Laekumised materiaalse põhivara müügist 50 77
Laekumised tütarettevõtete müügist 1,992 0
Kapitaliosaluse meetodil kajastatud 0 -169
investeeringuobjektide soetamine
Investeering -34 -5
Maksed tuletisinstrumentidest -3,976 -4,604
Saadud intressid 297 346
--------------------------------------------------------------------------------
-11,120 -13,847
--------------------------------------------------------------------------------
------------------------------------------------------
Rahavood finantseerimistegevusest
Laekumised laenudest 440,000 0
Laenude tagasimaksed -557,848 -76,288
Kapitalirendi põhimaksete tasumine -56 -85
Makstud intressid -41,413 -39,445
-159,317 -115,818
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
RAHAVOOD KOKKU -9,821 30,475
--------------------------------------------------------------------------------
------------------------------------------------------ ------------
Raha ja raha ekvivalendid
- perioodi alguses 75,421 44,946
- suurenemine (+) / vähenemine (-) -9,821 30,475
--------------------------------------------------------------------------------
- perioodi lõpus 65,600 75,421
--------------------------------------------------------------------------------
Janek Stalmeister
Juhatuse liige
AS Tallink Grupp
Tel +372 640 9800
E-mail [email protected]
Harri Hanschmidt
Investorsuhete juht
AS Tallink Grupp
Sadama 5/7, 10111 Tallinn
Tel +372 640 8981
E-mail [email protected]
Teate sisu inglise keeles
Pealkiri
12 months unaudited results of the 2012 financial year
Teade
Tallinn, 2013-02-28 15:05 CET (GLOBE NEWSWIRE) --
12 months unaudited results of the 2012 financial year
AS Tallink Grupp and its subsidiaries (the Group) carried a total of 9.26
million passengers in the 2012 financial year which is 1.3% more than the year
before. The Group’s unaudited consolidated revenue grew 4% to EUR 943.9 million
in the 2012 financial year. Gross profit was EUR 201.2 million, EBITDA EUR
165.5 million and unaudited net profit reached EUR 56.3 million (EUR 0.08 per
share) which is 49% or EUR 18.6 million increase compared to the previous year.
In the fourth quarter (1 October- 31 December) of the 2012 financial year the
Group carried 2.1 million passengers, 1% more compared to the same period last
year. The Group’s consolidated revenue in the fourth quarter increased by 4% to
EUR 222.8 million. The net profit for the fourth quarter was EUR 5.7 million
compared to the net profit of EUR 0.6 million in the same period last year.
The main contribution for the growth in total revenue in 2012 came from the
increase from shops and restaurants sales by nearly EUR 30 million. The ticket
sales have been under pressure throughout the 2012 year due to bad weather and
tight competition. The positive development on shop and restaurant sales
continued also in the fourth quarter showing 6% increase on absolute terms and
5% increase per passenger basis when compared to the fourth quarter of the
previous year.
Significant fuel price increase in the first half of 2012 has had impact to the
Group’s profit margins. In the fourth quarter of 2012 the prices were at the
previous year levels. Despite the high fuel price movement in 2012 the Group
has been able to make good sales performance and to increase the earnings for
2012 financial year. Noticeable impact to the year’s net profit came from the
earlier closure of Finland-Germany route and the following profitable charter
of the related vessels.
During the 2012 the Group has focused to upgrade and improve the visibility and
appearance in the electronic sales channels. The new consumer marketing web
pages were upgraded. Throughout the year the new version of online booking
engine has been developed and is currently in the testing phase. The easiness,
usability, convenience and price transparency of online booking have been the
main focus areas. Tallink’s mobile booking application became available for
Android and Apple mobile platforms.
In December 2012 the Group signed a new five-year loan agreement in amount of
EUR 440 million to refinance several of its older loans. In result of the
refinancing the Group’s total loan repayment schedule for the next few years
was reduced to ensure stronger liquidity position. Due to early repayment of
the loans the arrangement fees of these loans were written off as they were
initially amortized over the period of the loan. The write off expense of EUR
3.2 million was recorded in Q4 2012.
In 2012 financial year the interest bearing bank debt reduced by EUR 119.2
million or 12.4%. The net debt at the end of 2012 was EUR 774 million and the
net debt ratio to EBITDA was 4.68. At the end of December 2012 the Group had
nearly EUR 66 million in cash and equivalents and the total of unused credit
lines were EUR 50 million. The total liquidity, cash and unused credit
facilities at the end of the fourth quarter were EUR 116 million providing a
strong position for sustainable operations.
Q4 KEY FIGURES 2012 2011 change
Oct-Dec Oct-Dec
----------------------------------------------------------
Revenue EUR million 222.8 214.2 4.0%
--------------------------------------------------------------------------------
Gross profit EUR million 40.0 39.8 0.5%
--------------------------------------------------------------------------------
Gross margin (%) 17.9% 18.6%
--------------------------------------------------------------------------------
EBITDA EUR million 32.1 31.2 2.9%
--------------------------------------------------------------------------------
EBITDA margin (%) 14.4% 14.6%
--------------------------------------------------------------------------------
Net profit for the EUR million 5.7 0.6 856.7%
period
--------------------------------------------------------------------------------
Net profit margin (%) 2.56% 0.28%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Depreciation and EUR million 18.0 17.8 1.2%
amortization
--------------------------------------------------------------------------------
Investments EUR million 0.6 2.8 -80.6%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Weighted average number of ordinary shares 669 882 040 669 882 040
outstanding
--------------------------------------------------------------------------------
Earnings per share EUR 0.009 0.001 856.7%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Number of passengers 2 133 163 2 111 057 1.0%
--------------------------------------------------------------------------------
Number of cargo units 70 457 70 772 -0.45%
--------------------------------------------------------------------------------
Average number of 6 799 6 718 1.2%
employees
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
31.12.2012 30.09.2012
--------------------------------------------------------------------------------
Total assets EUR million 1 741.8 1 754.3 -0.7%
--------------------------------------------------------------------------------
Interest-bearing EUR million 840.4 862.2 -2.5%
liabilities
--------------------------------------------------------------------------------
Net debt EUR million 774.8 803.1 -3.5%
--------------------------------------------------------------------------------
Total equity EUR million 760.8 755.6 0.7%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Equity ratio (%) 43.7% 43.1%
--------------------------------------------------------------------------------
Net debt to EBITDA 4.68 4.9
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Number of ordinary 669 882 040 669 882 040 0%
shares outstanding1
--------------------------------------------------------------------------------
Shareholders’ equity per EUR 1.14 1.13 0.7%
share
--------------------------------------------------------------------------------
EBITDA: Earnings before net financial items, taxes, depreciation and
amortization;
Earnings per share: net profit / weighted average number of shares outstanding;
Equity ratio: total equity / total assets;
Shareholder’s equity per share: shareholder’s equity / number of shares
outstanding;
Gross margin: gross profit / net sales;
EBITDA margin: EBITDA / net sales;
Net profit margin: net profit / net sales;
Net debt: Interest bearing liabilities less cash and cash equivalents;
Net debt to EBITDA: Net debt / 12-months trailing EBITDA.
1 Share numbers exclude own shares.
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
(unaudited, in thousands of 01.10.2012- 01.10.2011- 01.01.2012- 01.01.2011-
EUR)
31.12.2012 31.12.2011 31.12.2012 31.12.2011
================================================================================
Continuing operations
Revenue 222,816 214,246 943,868 891,226
Cost of sales -182,836 -174,483 -742,669 -691,335
Gross profit 39,980 39,763 201,199 199,891
--------------------------------------------------------------------------------
Marketing expenses -17,183 -14,254 -65,407 -58,805
Administrative expenses -10,626 -10,848 -44,081 -41,327
Other income 2,806 188 3,659 1,260
Other expenses -802 -1,287 -1,654 -1,317
--------------------------------------------------------------------------------
Results from operating 14,175 13,562 93,716 99,702
activities
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Finance income 2,735 1,316 5,269 1,529
Finance costs -13,991 -12,995 -46,249 -54,055
Profit from subsidiaries 0 0 783 0
Share of profit/-loss from 19 -100 19 -100
equity accounted investees
Profit/-loss before income 2,938 1,783 53,538 47,076
tax
--------------------------------------------------------------------------------
Income tax 2,764 -1,187 2,764 -1,302
--------------------------------------------------------------------------------
Net profit/-loss from 5,702 596 56,302 45,774
continuing operations
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Profit/-loss from 0 0 0 -8,047
discontinued operation
--------------------------------------------------------------------------------
Net profit/-loss for the 5,702 596 56,302 37,727
period
--------------------------------------------------------------------------------
----------------------------- --------------------------------------
Other comprehensive
income/-expense
Exchange differences on -442 -63 -563 88
translating foreign
operations
Other comprehensive -442 -63 -563 88
income/-expense for the
period
--------------------------------------------------------------------------------
Total comprehensive 5,260 533 55,739 37,815
income/-expense for the
period
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Profit/-loss attributable
to:
Equity holders of the 5,702 596 56,302 37,727
parent
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Total comprehensive
income/-expense
attributable to:
Equity holders of the 5,260 533 55,739 37,815
parent
Earnings per share (in EUR
per share)
- basic 0.01 0.00 0.08 0.06
- diluted 0.01 0.00 0.08 0.06
--------------------------------------------------------------------------------
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
(unaudited, in thousands of EUR)
ASSETS 31.12.2012 31.12.2011
================================================================================
Current assets
--------------------------------------------------------------------------------
Cash and cash equivalents 65,600 75,421
Trade and other receivables 42,555 35,152
Prepayments 5,151 7,087
Inventories 29,426 25,198
Total current assets 142,732 142,858
--------------------------------------------------------------------------------
Non-current assets
--------------------------------------------------------------------------------
Investments in associates 245 226
Other financial assets 296 2,551
Deferred income tax assets 12,264 9,452
Investment property 300 300
Property, plant and equipment 1,526,995 1,583,002
Intangible assets 58,999 61,153
---------------------------------------------------------
Total non-current assets 1,599,099 1,656,684
--------------------------------------------------------------------------------
---------------------------------------------------------
TOTAL ASSETS 1,741,831 1,799,542
--------------------------------------------------------------------------------
LIABILITIES AND EQUITY
================================================================================
Current liabilities
--------------------------------------------------------------------------------
Interest bearing loans and borrowings 103,685 145,261
Trade and other payables 92,988 86,793
Deferred income 25,458 25,226
Derivatives 22,102 22,668
Total current liabilities 244,233 279,948
--------------------------------------------------------------------------------
Non-current liabilities
-----------------------
--------------------------------------------------------------------------------
Interest bearing loans and borrowings 736,699 814,305
Other liabilities 69 198
--------------------------------------------------------------------------------
Total non-current liabilities 736,768 814,503
--------------------------------------------------------------------------------
TOTAL LIABILITIES 981,001 1,094,451
--------------------------------------------------------------------------------
EQUITY
--------------------------------------------------------------------------------
Equity attributable to equity holders of the parent
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Share capital 404,290 404,290
Share premium 639 639
Reserves 69,091 70,497
Retained earnings 286,810 229,665
--------------------------------------------------------------------------------
Total equity attributable to equity holders of the 760,830 705,091
parent
--------------------------------------------------------------------------------
TOTAL EQUITY 760,830 705,091
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
TOTAL LIABILITIES AND EQUITY 1,741,831 1,799,542
--------------------------------------------------------------------------------
CONSOLIDATED CASH FLOW STATEMENT
(unaudited, in thousands of EUR) 01.01.2012 - 01.01.2011-
31.12.2012 31.12.2011
Cash flows from operating activities
Net profit/-loss for the period 56,302 37,727
Adjustments 107,368 126,782
Changes in assets related to operating activities -9,796 -3,879
Changes in liabilities related to operating 6,782 -395
activities
Income tax paid -40 -95
--------------------------------------------------------------------------------
160,616 160,140
--------------------------------------------------------------------------------
------------------------------------------------------
Cash flow used for investing activities
Purchase of property, plant and equipment and -9,449 -9,492
intangible assets
Proceeds from disposals of property, plant and 50 77
equipment
Proceeds from subsidiaries 1,992 0
Acquisition of equity accounted investees 0 -169
Investment -34 -5
Payments from settlement of derivatives -3,976 -4,604
Interest received 297 346
--------------------------------------------------------------------------------
-11,120 -13,847
--------------------------------------------------------------------------------
------------------------------------------------------
Cash flow from (+)/ used for (-) financing activities
Proceeds from loans 440,000 0
Redemption of loans -557,848 -76,288
Repayment of finance lease liabilities -56 -85
Interest paid -41,413 -39,445
-159,317 -115,818
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
TOTAL NET CASH FLOW -9,821 30,475
--------------------------------------------------------------------------------
------------------------------------------------------ ------------
Cash and cash equivalents:
- at the beginning of period 75,421 44,946
- increase (+) / decrease (-) -9,821 30,475
--------------------------------------------------------------------------------
Cash and cash equivalents at end of period 65,600 75,421
--------------------------------------------------------------------------------
Janek Stalmeister
Member of the Management Board, CFO
AS Tallink Grupp
Tel +372 640 9800
E-mail [email protected]
Harri Hanschmidt
Head of Investor Relations
AS Tallink Grupp
Sadama 5/7. 10111 Tallinn
Tel +372 640 8981
E-mail [email protected]