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
4161
Manused
Esitamise kuupäev ja aeg
15.08.2013 16:05:00
Teate sisu eesti keeles
Pealkiri
2013 majandusaasta II kvartali majandustulemused
Teade
Tallinn, 2013-08-15 15:05 CEST (GLOBE NEWSWIRE) --
2013 majandusaasta II kvartali majandustulemused
AS Tallink Grupp ja tema tütarettevõtted (Kontsern) näitasid 2013 majandusaasta
teises kvartalis (1. aprill – 30. juuni) jätkuvat käibekasvu. Sealhulgas
suurenes keskmine piletitulu reisija kohta ning müük restoranides ja poodides.
Auditeerimata müügitulu 2013. aasta teises kvartalis suurenes 4,2 miljoni euro
võrra ehk 1,7% võrreldes eelmise aasta sama perioodiga, kokku 249,0 miljoni
euroni.
Kontsern vedas 2013 majandusaasta teises kvartalis kokku 2,4 miljonit reisijat,
mida on 1,0% vähem kui sama perioodi jooksul eelmisel aastal. Veetud
kaubaühikute arv oli kvartalis kokku 79,8 tuhat, mis on 10,9% rohkem võrreldes
eelmise aasta sama perioodiga. Eesti-Soome vahelistel laevaliinidel kasvas
reisijate arv 3,1% kuid kahanes 5,3% Soome-Rootsi vahelistel liinidel, kus on
muutunud konkurents ning Kontsern on vähendanud laevade mahutavust.
2013 majandusaasta teise kvartali brutokasum oli 57,0 miljonit eurot, mis on
0,3 miljonit vähem kui eelmise aasta samal perioodil. EBITDA oli 46,8 miljonit
eurot, 0,6 miljonit eurot rohkem kui eelmise majandusaasta samal perioodil.
Teises kvartalis osteti kruiisilaev Isabelle ning alus hakkas edukalt
opereerima Riia-Stockholmi liinil, aidates kaasa 5,8% käibetõusule antud
liinil. Seoses millega sõlmis Kontsern reisilaeva Isabelle ostu
finantseerimiseks laenulepingu AS-iga Swedbank. Laenu suurus on 24 miljonit
eurot tähtajaga viis aastat.
Kontsern viis 2013 juunis edukalt läbi suunatud võlakirjaemissiooni mahus 900
miljonit Norra krooni (118 miljonit eurot), tähtajaga 18. oktoober 2018,
suurendades sellega Kontserni finantsilist paindlikkust. Võlakirjade müügist
saadud vahendite arvelt maksis kontsern ennetähtaegselt tagasi 2006 aastal
Superfast laevade ostuks võetud laenu jäägi summas 100 miljonit eurot.
Kontserni üks ajalooliselt tähtis strateegiline eesmärk sai täidetud 2013 mais,
mil aktsionäride üldkoosolekul otsustati maksta aktsionäridele dividendi 0,05
eurot aktsia kohta. Juuli kuu alguses (kolmas kvartal) maksti aktsionäridele
kokku välja dividende summas 33,5 miljonit eurot.
Kontserni auditeerimata maksude eelne kasum 2013. majandusaasta teises
kvartalis oli 18,2 miljonit eurot (0,03 eurot aktsia kohta). Eelmise
majandusaasta samal perioodil oli maksude eelne kasum 20,0 miljonit eurot (0,03
eurot aktsia kohta). Maksude eelset puhaskasumit mõjutasid peamiselt kõrgemad
finantskulud mis tulenesid tuletusinstrumentide õiglase väärtuse
ümberhindamistest ning ennetähtaegselt tagasi makstud laenu korraldamisekulude
jäägi allahindlusest. Mõlemad eelnimetatud mõjurid olid arvestusliku,
mitterahalise iseloomuga. Auditeerimata puhaskasum 2013. majandusaasta teises
kvartalis oli 9,3 miljonit eurot, ehk 0,01 eurot aktsia kohta. Eelmise
majandusaasta samal perioodil oli kasum 20,0 miljonit eurot. Peamine põhjus
puhaskasumi kahanemisele oli dividendidega seotud tulumaksu kulu kajastamine
summas 8,9 miljonit eurot.
Käesoleva majandusaasta teises kvartalis suurenes rahavoog äritegevusest kokku
3,8 miljoni euro ehk 7,4% võrra eelmise aasta teise kvartaliga võrreldes.
Kontserni kogulikviidsus ulatus esimese kvartali lõpus 113,3 miljoni euroni,
mis hõlmab 68,1 miljonit eurot raha ja 45,2 miljonit eurot kasutamata
krediidilimiite, tagades tugeva finantspositsiooni jätkusuutlikuks
opereerimiseks.
Kontserni netovõlg jätkas kahanemist, ulatudes 767 miljoni euroni teise
kvartali lõpus.
PÕHINÄITAJAD 2013 2012 muutus
apr-juun apr-juun
--------------------------------------------------------------------------------
EUR EUR
--------------------------------------------------------------------------------
Müügitulu (miljonites) 249,0 244,8 1,7%
--------------------------------------------------------------------------------
Brutokasum (miljonites) 57,0 57,2 -0,5%
--------------------------------------------------------------------------------
Brutokasumi marginaal 22,9% 23,4%
--------------------------------------------------------------------------------
EBITDA (miljonites) 46,8 46,2 1,3%
--------------------------------------------------------------------------------
EBITDA marginaal 18,8% 18,9%
--------------------------------------------------------------------------------
Aruande perioodi puhaskasum / -kahjum 9,3 20,0 -53,6%
(miljonites)
--------------------------------------------------------------------------------
Puhaskasumi marginaal 3,7% 8,2%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Amortisatsioon (miljonites) 18,2 17,7 3,3%
--------------------------------------------------------------------------------
Investeeringud (miljonites) 32,5 3,7 870,7%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Aktsiate kaalutud keskmine arv** 669 882 040 669 882 040
--------------------------------------------------------------------------------
Aktsiakasum 0,01 0,03 -53,6%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Reisijate arv 2 352 487 2 376 516 -1,0%
--------------------------------------------------------------------------------
Kaubaveo ühikute arv 79 843 72 014 10,9%
--------------------------------------------------------------------------------
Töötajate keskmine arv 7 029 6 938 1,3%
--------------------------------------------------------------------------------
----------------------------------------------- -------
--------------------------
31.06.2013 31.03.2013
--------------------------------------------------------------------------------
Varad 1 760,2 1 750,1 0,6%
--------------------------------------------------------------------------------
Intressi kandvad kohustused (miljonites) 835,4 864,3 -3,3%
--------------------------------------------------------------------------------
Netovõlg (miljonites) 767,3 780,9 -1,7%
--------------------------------------------------------------------------------
Omakapital kokku (miljonites) 719,3 743,4 -3,2%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Omakapitali määr 40,8% 42,5%
--------------------------------------------------------------------------------
Netovõla EBITDA suhe 4,7 4,8
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Aktsiate arv** 669 882 040 669 882 040 0%
--------------------------------------------------------------------------------
Omakapital aktsia kohta 1,07 1,11 -3,2%
--------------------------------------------------------------------------------
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 01.04.2013- 01.04.2012- 01.01.2013- 01.01.2012-
eurodes)
30.06.2013 30.06.2012 30.06.2013 30.06.2012
================================================================================
Müügitulu 249,027 244,817 439,610 438,611
Müüdud kaupade ja teenuste -192,055 -187,563 -366,394 -362,543
kulu
Brutokasum 56,972 57,254 73,216 76,068
--------------------------------------------------------------------------------
Turustuskulud -17,583 -16,861 -33,716 -32,633
Halduskulud -11,161 -12,165 -22,401 -22,894
Muud äritulud 482 350 808 506
Muud ärikulud -117 -12 -129 -32
--------------------------------------------------------------------------------
Kasum/-kahjum äritegevusest 28,593 28,566 17,778 21,015
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Finantstulud 8,609 1,080 11,213 1,152
Finantskulud -19,017 -9,656 -28,323 -21,128
Kasum/-kahjum enne tulumaksu 18,185 19,990 668 1,039
--------------------------------------------------------------------------------
Tulumaks -8,911 0 -8,919 0
Aruandeperioodi 9,274 19,990 -8,251 1,039
puhaskasum/-kahjum
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Muu koondkasum/-kahjum
Valuutakursi vahed 68 -62 77 -5
välisettevõtetest
Perioodi muu 68 -62 77 -5
koondkasum/-kahjum kokku
--------------------------------------------------------------------------------
Perioodi koondkasum/-kahjum 9,342 19,928 -8,174 1,034
kokku
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Sh.
Emaettevõtte omanike osa 9,274 19,990 -8,251 1,039
puhaskasumist/-kahjumist
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Sh.
Emaettevõtte omanike osa 9,342 19,928 -8,174 1,034
koondkasumist/-kahjumist
Kasum aktsia kohta (EUR-ides
ühe aktsia kohta)
- tava 0.01 0.03 -0.01 0.00
- lahustatud 0.01 0.03 -0.01 0.00
--------------------------------------------------------------------------------
KONSOLIDEERITUD FINANTSSEISUNDI ARUANNE
(auditeerimata, tuhandetes eurodes)
VARAD 30.06.2013 31.12.2012
================================================================================
Käibevara
--------------------------------------------------------------------------------
Raha ja raha ekvivalendid 68,129 65,600
Nõuded ostjate vastu ja muud nõuded 48,366 42,555
Ettemaksed 14,868 5,151
Tuletisinstrumendid 990 0
Varud 29,987 29,426
Käibevara kokku 162,340 142,732
--------------------------------------------------------------------------------
Põhivara
--------------------------------------------------------------------------------
Investeeringud kapitaliosaluse meetodil kajastatud 245 245
investeeringuobjektidesse
Muud finantsvarad 291 296
Edasilükkunud tulumaksuvara 12,264 12,264
Kinnisvarainvesteering 300 300
Materiaalne põhivara 1,526,962 1,526,995
Immateriaalne põhivara 57,829 58,999
---------------------------------------------------------
Põhivara kokku 1,597,891 1,599,099
--------------------------------------------------------------------------------
---------------------------------------------------------
VARAD KOKKU 1,760,231 1,741,831
--------------------------------------------------------------------------------
KOHUSTUSED JA OMAKAPITAL
================================================================================
Lühiajalised kohustused
--------------------------------------------------------------------------------
Intressikandvad võlakohustused 92,134 103,685
Võlad tarnijatele ja muud võlad 111,222 92,988
Dividendivõlad 33,494 0
Ettemakstud tulud 34,071 25,458
Tuletisinstrumendid 26,624 22,102
Lühiajalised kohustused kokku 297,545 244,233
--------------------------------------------------------------------------------
Pikaajalised kohustused
-----------------------
--------------------------------------------------------------------------------
Intressikandvad võlakohustused 743,299 736,699
Muud kohustused 67 69
--------------------------------------------------------------------------------
Pikaajalised kohustused kokku 743,366 736,768
--------------------------------------------------------------------------------
Kohustused kokku 1,040,911 981,001
--------------------------------------------------------------------------------
OMAKAPITAL
--------------------------------------------------------------------------------
Emaettevõtja aktsionäridele kuuluv omakapital
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Aktsiakapital nimiväärtuses 404,290 404,290
Ülekurss 639 639
Reservid 72,141 69,091
Jaotamata kasum 242,250 286,810
--------------------------------------------------------------------------------
Emaettevõtte omanikele kuuluv omakapital kokku 719,320 760,830
--------------------------------------------------------------------------------
OMAKAPITAL KOKKU 719,320 760,830
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
KOHUSTUSED JA OMAKAPITAL KOKKU 1,760,231 1,741,831
--------------------------------------------------------------------------------
KONSOLIDEERITUD RAHAVOOGUDE ARUANNE
(auditeerimata, tuhandetes eurodes) 01.01.2013 - 01.01.2012-
30.06.2013 30.06.2012
Rahavood äritegevusest
Aruandeperioodi puhaskasum/-kahjum -8,251 1,039
Korrigeerimised 66,397 56,034
Äritegevusega seotud varade muutused -15,881 -16,122
Äritegevusega seotud kohustuste muutused 18,778 18,659
Makstud tulumaks -203 -10
--------------------------------------------------------------------------------
60,840 59,600
--------------------------------------------------------------------------------
------------------------------------------------------
Rahavood investeerimistegevusest
Materiaalse põhivara ja immateriaalse põhivara -35,865 -3,687
soetamine
Laekumised materiaalse põhivara müügist 265 36
Tuletisinstrumentidega seotud maksed -2,247 -2,019
Saadud intressid 16 133
--------------------------------------------------------------------------------
-37,831 -5,537
--------------------------------------------------------------------------------
------------------------------------------------------
Rahavood finantseerimistegevusest
Laekumised laenudest 24,000 0
Kasutatud arvelduskrediidi muutus 4,812 0
Laenude tagasimaksed -148,205 -58,638
Laekumised võlakirjadest 115,487 0
Kapitalirendi põhimaksete tasumine -3 -42
Makstud intressid -16,006 -18,976
Laenudega seotud tehingukulude tasumine -565 0
-20,480 -77,656
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
RAHAVOOD KOKKU 2,529 -23,593
--------------------------------------------------------------------------------
------------------------------------------------------ ------------
Raha ja raha ekvivalendid
- perioodi alguses 65,600 75,421
- suurenemine (+) / vähenemine (-) 2,529 -23,593
--------------------------------------------------------------------------------
- perioodi lõpus 68,129 51,828
--------------------------------------------------------------------------------
Janek Stalmeister
Juhatuse liige
AS Tallink Grupp
Tel: +372 6409 800
Email: [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
Q2 results of the 2013 financial year
Teade
Tallinn, 2013-08-15 15:05 CEST (GLOBE NEWSWIRE) --
Q2 results of the 2013 financial year
In the second quarter (1 March - 30 June) of the 2013 financial year AS Tallink
Grupp and its subsidiaries’ (the Group) showed continuous revenue growth.
Ticket sales and passenger spending from restaurant and shop sales continued to
show an increase as well. The Group’s unaudited consolidated revenue for the
second quarter of the 2013 financial year increased by EUR 4.2 million or 1.7%
compared to the same period last year to EUR 249.0 million.
The Group carried a total of 2.4 million passengers in the second quarter which
is 1.0% less compared to the same period last year. The number of cargo units
transported amounted to 79.8 thousand, which is 10.9% more than in the same
period last year. The number of passengers increased on the Estonia-Finland
route by 3.1% but decreased between the Finland-Sweden route by 8.3%, where the
competition situation has changed and the Group has decreased its capacity.
In the second quarter of the 2013 financial year the Group’s gross profit
amounted to EUR 57.0 million being EUR 0.3 million less than in the previous
year. EBITDA amounted to EUR 46.8 million, which is EUR 0.6 million more
compared to the same period last year.
In the second quarter M/S Isabelle was purchased and successfully launched on
the Riga-Stockholm route, contributing partly to the 5.8% higher revenue from
the route. In relation the Group entered into a loan agreement with AS Swedbank
to finance the purchase of the cruise ferry M/S Isabelle. The amount of the new
loan is EUR 24 million and the maturity is 5 years.
In June 2013 the Group successfully completed the private placement of a NOK
900 million (EUR 118 million) senior unsecured bond issue. The proceeds of the
bond issue were used for the refinancing and strengthening of the Group’s
financial position, increasing financial flexibility. Accordingly EUR 100
million old loans were pre-paid.
One important strategic milestone in the Group’s lifecycle was reached in May
2013 when the shareholders annual general meeting decided to pay a dividend of
0.05 euros per share. The total dividend amount of EUR 33.5 million was paid
out in the beginning of July 2013 (third quarter).
The profit before tax for the second quarter was EUR 18.2 million (EUR 0.03 per
share) compared to the EUR 20.0 million a year ago. The decrease in the pre-tax
profit was mainly affected by higher financial costs due to the movement in the
fair value of derivative instruments and the write off of transaction costs of
the prematurely paid loan. Both being non-cash impact. The unaudited net profit
for the second quarter was EUR 9.3 million or EUR 0.01 per share compared to
the net profit of EUR 20.0 million or EUR 0.03 per share in the same period
last year. The main reason to the high decrease on the net profit level is
related to the EUR 8.9 million dividend tax expense.
Cash flow from operations increased EUR 3.8 million or 7.4% when compared to
the same period of the last year. At the end of the second quarter 2013 the
Group had EUR 68.1 million in cash and equivalents and the total of unused
credit lines were at EUR 45.19 million. The total liquidity, cash and unused
credit facilities at the end of the fourth quarter were EUR 113.3 million
providing a strong position for sustainable operations.
The Group’s net debt continued to decrease, amounting to EUR 767 million in the
end of the second quarter.
Q2 KEY FIGURES 2013 2012 Change
Apr-Jun Apr-Jun
----------------------------------------------------------
Revenue EUR million 249.0 244.8 1.7%
--------------------------------------------------------------------------------
Gross profit EUR million 57.0 57.2 -0.5%
--------------------------------------------------------------------------------
Gross margin (%) 22.9% 23.4%
--------------------------------------------------------------------------------
EBITDA EUR million 46.8 46.2 1.3%
--------------------------------------------------------------------------------
EBITDA margin (%) 18.8% 18.9%
--------------------------------------------------------------------------------
Net profit for the EUR million 9.3 20.0 -53.6%
period
--------------------------------------------------------------------------------
Net profit margin (%) 3.7% 8.2%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Depreciation and EUR million 18.2 17.7 3.3%
amortization
--------------------------------------------------------------------------------
Investments EUR million 32.5 3.7 870.7%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Weighted average number of ordinary shares 669 882 040 669 882 040
outstanding
--------------------------------------------------------------------------------
Earnings per share EUR 0.01 0.03 -53.6%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Number of passengers 2 352 487 2 376 516 -1.0%
--------------------------------------------------------------------------------
Number of cargo units 79 843 72 014 10.9%
--------------------------------------------------------------------------------
Average number of 7 029 6 938 1.3%
employees
--------------------------------------------------------------------------------
----------------------------------------------- -------
--------------------------
30.06.2013 31.03.2013
--------------------------------------------------------------------------------
Total assets EUR million 1 760.2 1 750.1 0.6%
--------------------------------------------------------------------------------
Interest-bearing EUR million 835.4 864.3 -3.3%
liabilities
--------------------------------------------------------------------------------
Net debt EUR million 767.3 780.9 -1.7%
--------------------------------------------------------------------------------
Total equity EUR million 719.3 743.4 -3.2%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Equity ratio (%) 40.9% 42.5%
--------------------------------------------------------------------------------
Net debt to EBITDA 4.7 4.8
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Number of ordinary 669 882 040 669 882 040 0%
shares outstanding1
--------------------------------------------------------------------------------
Shareholders’ equity per EUR 1.07 1.11 -3.2%
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 01.04.2013- 01.04.2012- 01.01.2013- 01.01.2012-
EUR)
30.06.2013 30.06.2012 30.06.2013 30.06.2012
================================================================================
Revenue 249,027 244,817 439,610 438,611
Cost of sales -192,055 -187,563 -366,394 -362,543
Gross profit 56,972 57,254 73,216 76,068
--------------------------------------------------------------------------------
Marketing expenses -17,583 -16,861 -33,716 -32,633
Administrative expenses -11,161 -12,165 -22,401 -22,894
Other income 482 350 808 506
Other expenses -117 -12 -129 -32
--------------------------------------------------------------------------------
Results from operating 28,593 28,566 17,778 21,015
activities
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Finance income 8,609 1,080 11,213 1,152
Finance costs -19,017 -9,656 -28,323 -21,128
Profit/-loss before income 18,185 19,990 668 1,039
tax
--------------------------------------------------------------------------------
Income tax -8,911 0 -8,919 0
--------------------------------------------------------------------------------
Net profit/-loss for the 9,274 19,990 -8,251 1,039
period
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Other comprehensive
income/-expense
Exchange differences on 68 -62 77 -5
translating foreign
operations
Other comprehensive 68 -62 77 -5
income/-expense for the
period
--------------------------------------------------------------------------------
Total comprehensive 9,342 19,928 -8,174 1,034
income/-expense for the
period
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Profit/-loss attributable
to:
Equity holders of the 9,274 19,990 -8,251 1,039
parent
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Total comprehensive
income/-expense
attributable to:
Equity holders of the 9,342 19,928 -8,174 1,034
parent
Earnings per share (in EUR
per share)
- basic 0.01 0.03 -0.01 0.00
- diluted 0.01 0.03 -0.01 0.00
--------------------------------------------------------------------------------
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
(unaudited, in thousands of EUR)
ASSETS 30.06.2013 31.12.2012
================================================================================
Current assets
--------------------------------------------------------------------------------
Cash and cash equivalents 68,129 65,600
Trade and other receivables 48,366 42,555
Prepayments 14,868 5,151
Derivatives 990 0
Inventories 29,987 29,426
Total current assets 162,340 142,732
--------------------------------------------------------------------------------
Non-current assets
--------------------------------------------------------------------------------
Investments in equity-accounted investees 245 245
Other financial assets 291 296
Deferred income tax assets 12,264 12,264
Investment property 300 300
Property, plant and equipment 1,526,962 1,526,995
Intangible assets 57,829 58,999
---------------------------------------------------------
Total non-current assets 1,597,891 1,599,099
--------------------------------------------------------------------------------
---------------------------------------------------------
TOTAL ASSETS 1,760,231 1,741,831
--------------------------------------------------------------------------------
LIABILITIES AND EQUITY
================================================================================
Current liabilities
--------------------------------------------------------------------------------
Interest bearing loans and borrowings 92,134 103,685
Trade and other payables 111,222 92,988
Dividends payable 33,494 0
Deferred income 34,071 25,458
Derivatives 26,624 22,102
Total current liabilities 297,545 244,233
--------------------------------------------------------------------------------
Non-current liabilities
-----------------------
--------------------------------------------------------------------------------
Interest bearing loans and borrowings 743,299 736,699
Other liabilities 67 69
--------------------------------------------------------------------------------
Total non-current liabilities 743,366 736,768
--------------------------------------------------------------------------------
TOTAL LIABILITIES 1,040,911 981,001
--------------------------------------------------------------------------------
EQUITY
--------------------------------------------------------------------------------
Equity attributable to equity holders of the parent
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Share capital 404,290 404,290
Share premium 639 639
Reserves 72,141 69,091
Retained earnings 242,250 286,810
--------------------------------------------------------------------------------
Total equity attributable to equity holders of the 719,320 760,830
parent
--------------------------------------------------------------------------------
TOTAL EQUITY 719,320 760,830
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
TOTAL LIABILITIES AND EQUITY 1,760,231 1,741,831
--------------------------------------------------------------------------------
CONSOLIDATED CASH FLOW STATEMENT
(unaudited, in thousands of EUR) 01.01.2013 - 01.01.2012-
30.06.2013 30.06.2012
Cash flows from operating activities
Net profit/-loss for the period -8,251 1,039
Adjustments 66,397 56,034
Changes in assets related to operating activities -15,881 -16,122
Changes in liabilities related to operating 18,778 18,659
activities
Income tax paid -203 -10
--------------------------------------------------------------------------------
60,840 59,600
--------------------------------------------------------------------------------
------------------------------------------------------
Cash flow used for investing activities
Purchase of property, plant and equipment and -35,865 -3,687
intangible assets
Proceeds from disposals of property, plant and 265 36
equipment
Payments for settlement of derivatives -2,247 -2,019
Interest received 16 133
--------------------------------------------------------------------------------
-37,831 -5,537
--------------------------------------------------------------------------------
------------------------------------------------------
Cash flow from (+)/ used for (-) financing activities
Proceeds from loans 24,000 0
Change in overdraft 4,812 0
Redemption of loans -148,205 -58,638
Proceeds from bonds 115,487 0
Repayment of finance lease liabilities -3 -42
Interest paid -16,006 -18,976
Payment of transaction costs related to loans -565 0
-20,480 -77,656
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
TOTAL NET CASH FLOW 2,529 -23,593
--------------------------------------------------------------------------------
------------------------------------------------------ ------------
Cash and cash equivalents:
- at the beginning of period 65,600 75,421
- increase (+) / decrease (-) 2,529 -23,593
--------------------------------------------------------------------------------
Cash and cash equivalents at the end of period 68,129 51,828
--------------------------------------------------------------------------------
Janek Stalmeister
Juhatuse liige
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]