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07.08.2009 08:35:18
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OEG konsolideeritud auditeerimata majandustulemused, 2. kvartal ja 6 kuud 2009
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OEG konsolideeritud auditeerimata majandustulemused, 2. kvartal ja 6 kuud 2009 Kontserni 2009. aasta peamine eesmärk on jätkuvalt oma tegevuse kohandamine järsult muutuvatele turuoludele, turuosa kasvatamine ning põhitegevuse efektiivsuse tõstmine. Nende eesmärkide täitmiseks langetab Kontserni juhtkond äritegevuse muudatuste otsuseid eelkõige üksuste rahavooliste näitajate baasil. 2009. aasta 2. kvartali tulemuste lühikokkuvõte: -------------------------------------------------------------------------------- | Äritulud: | 475,9 | miljonit krooni | -------------------------------------------------------------------------------- | Sh äritulud jätkuvatest tegevusvaldkondadest | 433,4 | miljonit krooni | -------------------------------------------------------------------------------- | EBITDA tavapärasest äritegevusest*: | 44,1 | miljonit krooni | -------------------------------------------------------------------------------- | EBIT tavapärasest äritegevusest*: | -46,1 | miljonit krooni | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Ühekordse iseloomuga kulud, sh | | | -------------------------------------------------------------------------------- | mittekapitaliseeritavad | -4,8 | miljonit krooni | | investeerimiskulutused: | | | -------------------------------------------------------------------------------- | struktuuride optimeerimine ja kasiinode | -15,9 | miljonit krooni | | sulgemine: | | | -------------------------------------------------------------------------------- | Ukraina ettevõtete likvideerimisega seotud | -187,1 | miljonit krooni | | allahindlused | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Finantstulud ja -kulud neto | -3,2 | miljonit krooni | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Puhaskahjum enne tulumaksu**: | -257,1 | miljonit krooni | -------------------------------------------------------------------------------- *Tavapärase äritegevusena on käsitletud äritegevust enne investeerimistegevusi, struktuuride optimeerimist, kasiinode sulgemistegevusi ning finantstulusid ja -kulusid ** Puhaskahjum enne vähemusosalust Käesoleva aasta 2. kvartalis jätkus üldise majanduskeskkonna ning sellest tuleneva turusituatsiooni halvenemine. Hasartmänguturu langus 2009. aasta 1. poolaasta kokkuvõttes võrreldes eelmise aasta sama perioodiga oli Eestis 56%, Lätis 40% ja Leedus 38%. Turgude negatiivsele arengule vaatamata 2. kvartalis Kontserni äritulude tase peale märgatavaid langusi aasta kahel esimesel kuul stabiliseerus ning jätkuvad operatsioonid (ehk operatsioonid Ukraina segmendita) teenisid äritulusid kokku 2. kvartalis 0,7% võrra enam kui 1. kvartalis. Kontserni tegevuskulud enne amortisatsiooni ja allahindluskulusid vähenesid jätkuvalt, langedes 2. kvartalis võrreldes 1. kvartaliga 8,6% ehk 41,9 miljoni krooni (2,7 miljonit eurot) võrra. Kontserni EBITDA kasvas 2. kvartalis 23,4 miljoni kroonini (1,5 miljonit eurot), enne investeerimistegevusi, struktuuride optimeerimise ja kasiinode sulgemistegevusi kasvas EBITDA 1. kvartali 16,8 miljonilt kroonilt (1,1 miljonit eurot) 2. kvartalis 44,1 miljoni kroonini (2,8 miljonit eurot). Kontserni 2. kvartali tulemusi mõjutavad oluliselt arengud Ukraina hasartmänguturul. Seoses hasartmängutegevust keelustava seaduse jõustumisega Ukrainas olid OEG Ukraina tütarettevõtete kasiinod mai ja juuni jooksul kokku suletud 27 päeva, laekumata jäi hinnanguliselt 18,0 miljonit krooni (1,2 miljonit eurot) tulusid. Tulenevalt asjaolust, et teadmata ajaks on kasiinode tegevus Ukrainas lõpetatud ning kõikide kasiinoettevõtete litsentsid tühistatud, otsustas OEG likvideerida tegevuse Ukrainas. Kaasnevad hinnangulised varade allahindluskahjumid ulatusid 187,1 miljoni kroonini (12,0 miljonit eurot). OEG plaanib nõuda Ukraina riigilt investeeringute kompensatsiooni Eesti Vabariigi Valitsuse ja Ukraina valitsuse vahelisele investeeringute soodustamise ja vastastikuse kaitse lepingule tuginedes ning on vastavasisulise protsessi käivitanud. 2009. aasta 6 kuu tulemuste lühikokkuvõte: -------------------------------------------------------------------------------- | Äritulud: | 965,6 | miljonit krooni | -------------------------------------------------------------------------------- | Sh äritulud jätkuvatest tegevusvaldkondadest | 863,9 | miljonit krooni | -------------------------------------------------------------------------------- | EBITDA tavapärasest äritegevusest*: | 60,9 | miljonit krooni | -------------------------------------------------------------------------------- | EBIT tavapärasest äritegevusest*: | -128,0 | miljonit krooni | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Ühekordse iseloomuga kulud, sh | | | -------------------------------------------------------------------------------- | mittekapitaliseeritavad investeerimiskulutused: | -11,5 | miljonit krooni | | | | | -------------------------------------------------------------------------------- | struktuuride optimeerimine ja kasiinode | -25,5 | miljonit krooni | | sulgemine: | | | -------------------------------------------------------------------------------- | Ukraina ettevõtete likvideerimisega seotud | -187,1 | miljonit krooni | | allahindlused: | | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Finantstulud ja -kulud neto | -2,1 | miljonit krooni | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Puhaskahjum enne tulumaksu**: | -354,2 | miljonit krooni | -------------------------------------------------------------------------------- 1 EUR = 15,6466 EEK Kontserni 2009. aasta 1. poolaasta konsolideeritud müügitulud moodustasid 961,2 miljonit krooni (61,4 miljonit eurot) ning äritulud moodustasid kokku 965,6 miljonit krooni (61,7 miljonit eurot), mis on 30,8% vähem kui 2008. aasta 1. poolaastal teenitud 1 395,3 miljoni kroonine (89,2 miljonit eurot) kogutulu. Kontserni konsolideeritud äritulud koosnesid 2009. aasta 1. poolaastal 93% hasartmängutulust ja 7% muudest tuludest. 2008. aasta 1. poolaastal moodustas hasartmängutulu 94% ja muud tulud 6% kogutuludest. Kontsernivälised äritulud -------------------------------------------------------------------------------- | EEK mln | 6 kuud 2009 | Kasv | Osakaal | 6 kuud 2008 | Osakaal | -------------------------------------------------------------------------------- | Eesti | 187 846 | -53,1% | 19,5% | 400 345 | 28,7% | -------------------------------------------------------------------------------- | Läti | 188 299 | -42,9% | 19,5% | 329 504 | 23,6% | -------------------------------------------------------------------------------- | Leedu | 158 315 | -30,1% | 16,4% | 226 414 | 16,2% | -------------------------------------------------------------------------------- | Ukraina | 101 772 | -32,9% | 10,5% | 151 703 | 10,9% | -------------------------------------------------------------------------------- | Valgevene | 20 658 | 60,1% | 2,1% | 12 901 | 0,9% | -------------------------------------------------------------------------------- | Poola | 225 995 | -9,5% | 23,4% | 249 679 | 17,9% | -------------------------------------------------------------------------------- | Rumeenia | 29 992 | 46,6% | 3,1% | 20 461 | 1,5% | -------------------------------------------------------------------------------- | Slovakkia | 52 760 | 1136,7% | 5,5% | 4 266 | 0,3% | -------------------------------------------------------------------------------- | Kokku | 965 637 | -30,8% | 100,0% | 1 395 273 | 100,0% | -------------------------------------------------------------------------------- 1 EUR = 15,6466 EEK 2009. aasta 1. poolaasta lõpus oli Kontsernis kokku 86 kasiinot, üldpinnaga 30 376 m². 2008. aasta 1. poolaasta lõpus oli Kontserni kasiinode arv 130 ja kasiinode üldpind kokku 36 617 m². Käesoleva aasta 1. poolaasta jooksul avati 1 kasiino Leedus ja 1 kasiino Slovakkias ning suleti kokku 49 kasiinot: 13 Eestis, 7 Lätis, 2 Leedus, 3 Rumeenias ja 24 Ukrainas. -------------------------------------------------------------------------------- | Kasiinode arv segmenditi | | | -------------------------------------------------------------------------------- | | 30.06.2009 | 31.12.2008 | 30.06.2008 | -------------------------------------------------------------------------------- | Eesti | 23 | 36 | 35 | -------------------------------------------------------------------------------- | Läti | 26 | 33 | 36 | -------------------------------------------------------------------------------- | Leedu | 15 | 16 | 16 | -------------------------------------------------------------------------------- | Ukraina | 0 | 24 | 23 | -------------------------------------------------------------------------------- | Valgevene | 5 | 5 | 4 | -------------------------------------------------------------------------------- | Poola | 9 | 9 | 8 | -------------------------------------------------------------------------------- | Rumeenia | 6 | 9 | 7 | -------------------------------------------------------------------------------- | Slovakkia | 2 | 1 | 1 | -------------------------------------------------------------------------------- | Kokku | 86 | 133 | 130 | -------------------------------------------------------------------------------- Kontsern viis juba 2008. aastal läbi ulatusliku optimeerimis- ja restruktureerimisprogrammi, sulgedes 10 negatiivse rahavooga kasiinot ja vähendades Kontserni töötajate arvu 288 positsiooni ehk ligikaudu 7% võrra. Opereerimise efektiivsuse tõstmise tegevused on jätkunud 2009. aasta 1. poolaastal: töötajatele makstavaid tasusid vähendati 20% võrra ning töötajate arvu vähendati võrreldes eelmise aasta lõpuga 616 positsiooni ehk ligi 16% võrra, käesoleva aasta jooksul on suletud 27 negatiivse rahavooga kasiinot. Kokku on möödunud aasta jooksul ja käesoleva aasta 1. poolaastal vähendatud töötajate arvu 904 positsiooni ehk ligikaudu 21% võrra. Lähtudes kahanenud nõudlusest ning uue kasiino-lounge'ide kontseptsiooni elluviimiseks vähendati 2009. aasta 1. poolaastal enamikes Kontserni kasiinodes seal paiknevate mänguautomaatide arvu, mis tõi kaasa olulise hasartmängumaksust tingitud püsikulude vähenemise. Samuti lühendati mitmete kasiinode lahtiolekuaega, varasemalt on kõik Olympic kasiinod olnud avatud 24h ööpäevas. Alates 2009. aasta 2. kvartalist avaldavad positiivset mõju Kontserni kulustruktuurile rendihindade vähendamise kokkulepped keskmiselt 30% ulatuses, mille oodatav kuluefekt aasta lõpuni on 58,2 miljonit krooni (3,7 miljonit eurot). Möödunud aasta ja käesoleva aasta jooksul läbi viidud optimeerimistegevustest on 2009. aastal oodatav kuluefekt kokku 497,3 miljonit krooni (31,8 miljonit eurot), mis moodustab 16,7% 2008. aasta tegevuskuludest. Kontserni 2009. aasta 1. poolaasta konsolideeritud ärikulud enne amortisatsiooni ja allahindluse kulusid kahanesid võrreldes 2008. aasta 1. poolaastaga kokku 16,4% ehk 184,8 miljoni krooni (11,8 miljonit eurot) võrra, sealhulgas 2. kvartali kulud vähenesid võrreldes möödunud aasta sama perioodiga 23,0% ehk 135,0 miljonit krooni (8,6 miljonit eurot). Kõige enam kahanesid võrreldes 2008. aasta 1. poolaastaga tööjõukulud - 25,4% ehk 107,2 miljonit krooni (6,9 miljonit eurot) ja turunduskulud -35,2% ehk 37,2 miljonit krooni (2,4 miljonit eurot). Võrreldes eelmise aasta 1. poolaastaga on ärikulud Eesti segmendis langenud 21,4%, Läti segmendis 31,8% ja Leedu segmendis 12,8%. Suurima osa Kontserni ärikuludest enne amortisatsiooni ja allahindlusi moodustavad tööjõukulud koos sotsiaalmaksudega 314,5 miljonit krooni (20,1 miljonit eurot), järgnevad hasartmängumaksude kulud 216,0 miljonit krooni (13,8 miljonit eurot), rendikulu 147,3 miljonit krooni (9,4 miljonit eurot) ja turunduskulud 68,4 miljonit krooni (4,4 miljonit eurot). Kontserni 2009. aasta 1. poolaasta konsolideeritud ärikulud sisaldavad kasiinode avamisega seotud mittekapitaliseeritavaid kulutusi 11,4 miljonit krooni (0,7 miljonit eurot) ning kasiinode sulgemisega ja töötajate arvu vähendamisega kaasnevaid kulusid 25,5 miljonit krooni (1,6 miljonit eurot) ning Ukraina tütarettevõtete likvideerimisega kaasnevaid varade allahindluskulusid 187,1 miljonit krooni (12,0 miljonit eurot). 84,2 miljonit krooni (5,4 miljonit eurot) 2009. aasta jooksul suletavate kasiinodega seotud kulusid kajastub 2008. aasta viimase poolaasta kuludes. Kontserni ärikahjumiks kujunes 352,0 miljonit krooni (22,5 miljonit eurot), 2008. aasta samal perioodil oli ärikasum 99,4 miljonit krooni (6,4 miljonit eurot). Konsolideeritud puhaskahjumiks kujunes 352,9 miljonit krooni (22,6 miljonit eurot). 2008. aasta samal perioodil oli puhaskasum 97,4 miljonit krooni (6,2 miljonit eurot). Käesoleva aasta 1. poolaasta tulemuste konsolideerimisel on juhtkond muutnud Kontserni siseste laenulepingute hindamise põhimõtteid seoses asjaoluga, et Kontserni siseste laenude arveldamist lähitulevikus ei toimu. Tulenevalt kajastatakse edaspidi Kontserni siseste laenulepingute kursivahed otse omakapitali koosseisus. Eesti segment 2009. aasta 1. poolaastal moodustasid Eesti segmendi kontsernivälised äritulud kokku 187,8 miljonit krooni (12,0 miljonit eurot), millest hasartmängutulud moodustasid 169,4 miljonit krooni (10,8 miljonit eurot). Eesti segmendi kontsernivälised äritulud kahanesid võrreldes möödunud aasta sama ajaga 53,1%. Hasartmänguturu langus oli Eestis 1. poolaastal võrreldes sama perioodiga eelmisel aastal 56%. Eesti segmendi ärikahjumiks kujunes 1. poolaastal 66,1 miljonit krooni (4,2 miljonit eurot). 2008. aasta 1. poolaastal teenis Eesti segment ärikasumit 77,5 miljonit krooni (5,0 miljonit eurot). 1. poolaasta jooksul suleti Eestis 13 kasiinot, millega kaasnes 12,0 miljonit krooni (0,8 miljonit eurot) kulusid. Poolaasta lõpus tegutses Eestis kokku 23 Olympic kasiinot, milles oli kokku 674 mänguautomaati ja 19 mängulauda. Läti segment 2009. aasta 1. poolaastal moodustasid Läti segmendi kontsernivälised äritulud kokku 188,3 miljonit krooni (12,0 miljonit eurot), millest hasartmängutulud moodustasid 172,4 miljonit krooni (11,0 miljonit eurot) ning muud tulud 15,9 miljonit krooni (1,0 miljonit eurot). Läti segmendi kontsernivälised äritulud kahanesid võrreldes eelmise aasta sama ajaga 42,9%. Samas suurusjärgus kahanes ka Läti hasartmänguturg. Läti segmendi ärikahjumiks kujunes 27,0 miljonit krooni (1,7 miljonit eurot). Eelmise aasta sama perioodi ärikasum oli 13,8 miljonit krooni (0,9 miljonit eurot). Käesoleva aasta 1. poolaasta jooksul suleti Lätis 7 kasiinot, millega kaasnes 11,9 miljonit krooni (0,8 miljonit eurot) kulusid. Juuni lõpu seisuga opereeris Läti segment kokku 26 kasiinot 740 mänguautomaadiga ja 25 mängulauaga. Leedu segment 2009. aasta 1. poolaastal moodustasid Leedu segmendi kontsernivälised äritulud kokku 158,3 miljonit krooni (10,1 miljonit eurot), millest hasartmängutulud olid 149,0 miljonit krooni (9,5 miljonit eurot) ning muud tulud 9,3 miljonit krooni (0,6 miljonit eurot). Leedu segmendi äritulud kahanesid võrreldes möödunud aastaga 30,1%, hasartmänguturu langus võrreldavatel perioodidel oli 38%. Leedu segmendi ärikahjum moodustas 2,6 miljonit krooni (0,2 miljonit eurot), 2008. aasta sama perioodi ärikasum oli 41,8 miljonit krooni (2,7 miljonit eurot). Leedus avati 1. poolaastal 1 kasiino ning suleti 2 kasiinot. Kasiinode sulgemine tõi kaasa 0,6 miljonit krooni (0,04 miljonit eurot) kulusid ning avamine 1,1 miljonit krooni (0,1 miljonit eurot) kulusid. Poolaasta lõpu seisuga tegutses Leedus 15 kasiinot, kokku 523 mänguautomaadiga ja 61 mängulauaga. Ukraina segment Vahetult enne likvideerimisprotsessi algust opereerisid Ukraina segmendi ettevõtted kokku 22 kasiinot 997 mänguautomaadiga ja 24 mängulauaga. Ukraina segmendi aruandeperioodi kontsernivälised äritulud kokku olid 101,8 miljonit krooni (6,5 miljonit eurot), 2008. aasta samal ajal teeniti tulusid 151,7 miljonit krooni (9,7 miljonit eurot). Mais ja juunis jäid Ukraina ettevõtetel seoses tegevuse lõpetamisega laekumata 27 päeva tulud hinnanguliselt 18,0 miljonit krooni (1,2 miljonit eurot) ulatuses. Ukraina tütarettevõtete likvideerimisega kaasneb osaliselt Ukrainas paiknevate varade müük ja osaliselt varade maha kandmine, millega kaasnevad allahindluskahjumid on 187,1 miljonit krooni (12,0 miljonit eurot). Tulenevalt teenis Ukraina segment 2. kvartalis ärikahjumit 200,3 miljonit krooni (12,8 miljonit eurot) ning poolaasta kokkuvõttes 210,5 miljonit krooni (13,5 miljonit eurot). Ukraina ettevõtete ebitda 1. poolaastal oli positiivne 0,7 miljoni krooniga (0,04 miljonit eurot). Valgevene segment Olympic Casino Bel IP tegutseb poolaasta lõpu seisuga Minskis 5 kasiinoga, milles on 261 mänguautomaati. 2009. aasta 1. poolaastal on võrreldes eelmise aasta sama perioodiga tulud kasvanud 60,1%, moodustades 20,7 miljonit krooni (1,3 miljonit eurot). Valgevene segmendi müügitulud tõusis võrreldavatel perioodidel rublas 1,5 korda. 1. poolaasta ärikahjumiks kujunes 5,6 miljonit krooni (0,4 miljonit eurot). 2008. aasta samal perioodil teeniti äritulusid 12,9 miljonit krooni (0,8 miljonit eurot) ning ärikahjumit 9,3 miljonit krooni (0,6 miljonit eurot). Poola segment Poola segmendi 2009. aasta 1. poolaasta äritulud olid 226,0 miljonit krooni (14,4 miljonit eurot), moodustades suurima ehk 23,4% osakaalu konsolideeritud ärituludest. Äritulud eesti kroonis langesid võrreldes eelmise aasta sama perioodiga 9,5%, kuid müügitulude tõus võrreldavatel perioodidel poola zlottides moodustas 17,2%. Poola segmendi ärikahjumiks kujunes 8,5 miljonit krooni (0,5 miljonit eurot). Poola segmendi tulemusele avaldavad mõju kasiinode asukoha muutuse ja uuendamisega seotud kulud 1,8 miljonit krooni (0,1 miljonit eurot) ning 2008. aasta investeeringutest tulenev amortisatsioonikulu tõus 9,0 miljonit krooni (0,6 miljonit eurot). Kontsern opereeris Poolas poolaasta lõpus 415 mänguautomaadiga ja 67 mängulauaga kokku 9-s kasiinos. Rumeenia segment Rumeenia segment lõpetas 2009. aasta 1. poolaasta ärituluga 30,0 miljonit krooni (1,9 miljonit eurot). Poolaasta ärikahjumiks kujunes 29,7 miljonit krooni (1,9 miljonit eurot). Käesoleva aasta 15. mail Bukarestis avatud esinduskasiino avamisega seotud kulud mõjutasid ärikahjumit 6,3 miljoni krooniga (0,4 miljonit eurot). Eelmise aasta samal perioodil olid Rumeenia segmendi äritulud 20,5 miljonit krooni (1,3 miljonit eurot) ning ärikahjum 22,6 miljonit krooni (1,4 miljonit eurot). Poolaasta jooksul suleti Rumeenias 3 kasiinot ning taasavati renoveerimiseks suletud esinduskasiino, juuni lõpus opereeris kontsern Rumeenias 17 mängulauaga ja 329 mänguautomaadiga kokku 8-s kasiinos. Slovakkia segment Esimene kasiino Slovakkia pealinnas Bratislavas avati 2008. aasta juunis, 2009. aasta jaanuaris avati teine kasiino Slovakkias, Trnavas. Slovakkia segment lõpetas 2009. aasta 1. poolaasta ärituludega 52,7 miljonit krooni (3,3 miljonit eurot) ning ärikahjumiga 1,9 miljonit krooni (0,1 miljonit eurot). 2008. aasta samal perioodil teeniti äritulusid 4,3 miljonit krooni (0,3 miljonit eurot) ning ärikahjumit 7,1 miljonit krooni (0,5 miljonit eurot). Bilanss 30.06.2009 seisuga oli Kontserni konsolideeritud bilansimaht 1 978,0 miljonit krooni (126,4 miljonit eurot). 31.12.2008 seisuga oli Kontserni konsolideeritud bilansimaht 2 403,6 miljonit krooni (153,6 miljonit eurot). Bilansimaht vähenes poolaasta jooksul 17,7%. Käibevarad moodustasid varadest 425,9 miljonit krooni (27,2 miljonit eurot) ehk 21,5% kogu varadest ja põhivarad 1 552,1 miljonit krooni (99,2 miljonit eurot) ehk 78,5% bilansimahust. Immateriaalsed varad moodustasid põhivaradest 460,4 miljonit krooni (29,4 miljonit eurot) ehk 29,7%. Kontserni kohustused moodustasid bilansipäeval kokku 510,4 miljonit krooni (32,6 miljonit eurot) ning konsolideeritud omakapital 1 467,6 miljonit krooni (93,8 miljonit eurot). Kontserni kohustustest suurema osa moodustavad laenukohustused 311,8 miljonit krooni (19,9 miljonit eurot), kohustused töötavõtjatele 61,6 miljonit krooni (3,9 miljonit eurot) ja maksukohustused 57,9 miljonit krooni (3,7 miljonit eurot). Investeeringud Kontsern investeeris materiaalsesse põhivarasse 2009. aasta 1. poolaastal 61,1 miljonit krooni (3,9 miljonit eurot), millest 16,2 miljonit krooni (1,0 miljonit eurot) investeeriti mänguseadmetesse, 25,1 miljonit krooni (1,6 miljonit eurot) investeeriti kasiinode rekonstrueerimisse, muud materiaalset põhivara soetati 5,1 miljonit krooni (0,3 miljonit eurot), ettemaksed põhivara eest moodustasid 14,7 miljonit krooni (0,9 miljonit eurot). Rahavood Kontserni äritegevuse rahavood 2009. aasta 1. poolaastal olid 27,0 miljonit krooni (1,7 miljonit eurot). Investeerimistegevuse rahavood moodustasid -120,2 miljonilt kroonilt (-7,7 miljonit eurot) ja finantseerimistegevuse rahavood 33,7 miljonit krooni (2,2 miljonit eurot). Netorahavood kokku moodustasid -59,5 miljonit krooni (-3,8 miljonit eurot). Personal 31.06.2009 seisuga andis Kontsern tööd 3 308 inimesele (31.12.08: 3 924). Eesti ettevõtetes töötas juuni lõpus 553, Lätis 498, Leedus 708, Ukrainas 619, Valgevenes 98, Poolas 502, Rumeenias 216 ja Slovakkias 114 inimest. 2009. aasta 1 poolaastal arvestati Kontsernis töötajatele töötasusid koos sotsiaalmaksudega kokku 314,5 miljonit krooni (20,1 miljonit eurot), möödunud aastal samal ajal 421,7 miljonit krooni (27,0 miljonit eurot). Kontserni põhilised arvnäitajad: -------------------------------------------------------------------------------- | | 6 kuud 2009 | 6 kuud 2008 | Muutus | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Äritulud (miljon krooni) | 965,6 | 1 395,3 | -31,1% | -------------------------------------------------------------------------------- | EBITDA (miljon krooni) | 23,9 | 269,1 | -91,1% | -------------------------------------------------------------------------------- | Ärikasum/-kahjum (miljon krooni) | -352,0 | 99,4 | | -------------------------------------------------------------------------------- | Puhaskasum/-kahjum (miljon | -352,9 | 97,4 | | | krooni) | | | | -------------------------------------------------------------------------------- | EBITDA marginaal | 2,5% | 19,3% | | -------------------------------------------------------------------------------- | Ärirentablus | -36,5% | 7,1% | | -------------------------------------------------------------------------------- | Puhasrentaablus | -36,6% | 7,0% | | -------------------------------------------------------------------------------- | Omakapitali suhtarv | 74,2% | 84,9% | | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Kasiinode arv perioodi lõpus | 86 | 130 | -44 | -------------------------------------------------------------------------------- | Kasiinode pind m2 perioodi lõpus | 30 376 | 36 617 | -6 241 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | Mänguautomaatide arv perioodi | 3 037 | 4 961 | -1924 | | lõpus | | | | -------------------------------------------------------------------------------- | Mängulaudade arv perioodi lõpus | 209 | 213 | -4 | -------------------------------------------------------------------------------- Suhtarvude valemid o EBITDA = kasum enne finants-, maksu- ning põhivara kulumi- ja väärtuse languse kulusid o Ärikasum = kasum enne finants- ja maksukulusid o Puhaskasum = aruandeperioodi puhaskasum enne vähemusosalust o EBITDA marginaal = EBITDA / Aritulud o Ärirentaablus = Ärikasum / Äritulud o Puhasrentaablus = Puhaskasum / Aritulud o Omakapitali suhtarv = Omakapital / Varad kokku 1 EUR = 15,6466 EEK -------------------------------------------------------------------------------- | KONSOLIDEERITUD FINANTSSEISUNDI ARUANNE | | -------------------------------------------------------------------------------- | VARAD | | | -------------------------------------------------------------------------------- | (tuhandetes EEK) | 30.06.2009 | 31.12.2008 | -------------------------------------------------------------------------------- | Käibevara | | | -------------------------------------------------------------------------------- | Raha ja pangakontod | 255 688 | 315 919 | -------------------------------------------------------------------------------- | Nõuded ostjate vastu | 6 062 | 6 507 | -------------------------------------------------------------------------------- | Muud nõuded ja ettemaksed | 76 863 | 86 174 | -------------------------------------------------------------------------------- | Ettemakstud tulumaks | 20 994 | 20 464 | -------------------------------------------------------------------------------- | Varud | 24 450 | 29 576 | -------------------------------------------------------------------------------- | Müügiootel varad | 41 886 | 0 | -------------------------------------------------------------------------------- | Käibevara kokku | 425 943 | 458 640 | -------------------------------------------------------------------------------- | Põhivara | | | -------------------------------------------------------------------------------- | Edasilükkunud tulumaksuvara | 17 324 | 16 847 | -------------------------------------------------------------------------------- | Muud finantsinvesteeringud | 61 306 | 15 930 | -------------------------------------------------------------------------------- | Muud pikaajalised nõuded | 10 225 | 45 292 | -------------------------------------------------------------------------------- | Kinnisvarainvesteeringud | 44 030 | 45 330 | -------------------------------------------------------------------------------- | Materiaalne põhivara | 958 808 | 1 313 076 | -------------------------------------------------------------------------------- | Immateriaalne põhivara | 460 392 | 508 459 | -------------------------------------------------------------------------------- | Põhivara kokku | 1 552 085 | 1 944 934 | -------------------------------------------------------------------------------- | VARAD KOKKU | 1 978 028 | 2 403 574 | -------------------------------------------------------------------------------- | | | | -------------------------------------------------------------------------------- | KOHUSTUSED JA OMAKAPITAL | | | -------------------------------------------------------------------------------- | (tuhandetes EEK) | 30.06.2009 | 31.12.2008 | -------------------------------------------------------------------------------- | KOHUSTUSED | | | -------------------------------------------------------------------------------- | Lühiajalised kohustused | | | -------------------------------------------------------------------------------- | Võlakohustused | 80 955 | 82 802 | -------------------------------------------------------------------------------- | Ostjate ettemaksed | 12 591 | 16 041 | -------------------------------------------------------------------------------- | Võlad hankijatele | 29 299 | 70 101 | -------------------------------------------------------------------------------- | Muud võlad | 8 798 | 9 273 | -------------------------------------------------------------------------------- | Tulumaksukohustus | 1 517 | 1 249 | -------------------------------------------------------------------------------- | Muud maksukohustused | 56 420 | 87 156 | -------------------------------------------------------------------------------- | Viitvõlad | 68 049 | 73 879 | -------------------------------------------------------------------------------- | Lühiajalised eraldised | 11 140 | 12 797 | -------------------------------------------------------------------------------- | Lühiajalised kohustused kokku | 268 769 | 353 298 | -------------------------------------------------------------------------------- | Pikaajalised kohustused | | | -------------------------------------------------------------------------------- | Edasilükkunud tulumaksukohustus | 10 831 | 10 924 | -------------------------------------------------------------------------------- | Pikaajalised võlakohustused | 230 819 | 194 968 | -------------------------------------------------------------------------------- | Pikaajalised kohustused kokku | 241 650 | 205 892 | -------------------------------------------------------------------------------- | Kohustused kokku | 510 419 | 559 190 | -------------------------------------------------------------------------------- | OMAKAPITAL | | | -------------------------------------------------------------------------------- | Aktsiakapital | 1 510 000 | 1 510 000 | -------------------------------------------------------------------------------- | Ülekurss | 227 273 | 227 273 | -------------------------------------------------------------------------------- | Kohustuslik reservkapital | 37 759 | 37 759 | -------------------------------------------------------------------------------- | Realiseerimata kursivahed | 11 577 | 35 407 | -------------------------------------------------------------------------------- | Jaotamata kasum | -383 664 | -31 989 | -------------------------------------------------------------------------------- | Emaettevõtte omanikele kuuluv omakapital | 1 402 945 | 1 778 450 | | kokku | | | -------------------------------------------------------------------------------- | Vähemusosalus | 64 664 | 65 934 | -------------------------------------------------------------------------------- | Omakapital kokku | 1 467 609 | 1 844 384 | -------------------------------------------------------------------------------- | KOHUSTUSED JA OMAKAPITAL KOKKU | 1 978 028 | 2 403 574 | -------------------------------------------------------------------------------- | | | | -------------------------------------------------------------------------------- | | | | -------------------------------------------------------------------------------- | KONSOLIDEERITUD FINANTSSEISUNDI ARUANNE | | -------------------------------------------------------------------------------- | VARAD | | | -------------------------------------------------------------------------------- | (tuhandetes EUR) | 30.06.2009 | 31.12.2008 | -------------------------------------------------------------------------------- | Käibevara | | | -------------------------------------------------------------------------------- | Raha ja pangakontod | 16 341 | 20 191 | -------------------------------------------------------------------------------- | Nõuded ostjate vastu | 387 | 416 | -------------------------------------------------------------------------------- | Muud nõuded ja ettemaksed | 4 912 | 5 508 | -------------------------------------------------------------------------------- | Ettemakstud tulumaks | 1 342 | 1 308 | -------------------------------------------------------------------------------- | Varud | 1 563 | 1 890 | -------------------------------------------------------------------------------- | Müügiootel varad | 2 677 | 0 | -------------------------------------------------------------------------------- | Käibevara kokku | 27 223 | 29 312 | -------------------------------------------------------------------------------- | Põhivara | | | -------------------------------------------------------------------------------- | Edasilükkunud tulumaksunõue | 1 107 | 1 077 | -------------------------------------------------------------------------------- | Muud aktsiad ja väärtpaberid | 3 918 | 1 018 | -------------------------------------------------------------------------------- | Muud pikaajalised nõuded | 653 | 2 895 | -------------------------------------------------------------------------------- | Kinnisvarainvesteeringud | 2 814 | 2 897 | -------------------------------------------------------------------------------- | Materiaalne põhivara | 61 279 | 83 921 | -------------------------------------------------------------------------------- | Immateriaalne põhivara | 29 424 | 32 496 | -------------------------------------------------------------------------------- | Põhivara kokku | 99 196 | 124 304 | -------------------------------------------------------------------------------- | VARAD KOKKU | 126 419 | 153 616 | -------------------------------------------------------------------------------- | | | | -------------------------------------------------------------------------------- | KOHUSTUSED JA OMAKAPITAL | | | -------------------------------------------------------------------------------- | (tuhandetes EUR) | 30.06.2009 | 31.12.2008 | -------------------------------------------------------------------------------- | KOHUSTUSED | | | -------------------------------------------------------------------------------- | Lühiajalised kohustused | | | -------------------------------------------------------------------------------- | Võlakohustused | 5 174 | 5 292 | -------------------------------------------------------------------------------- | Ostjate ettemaksed | 805 | 1 025 | -------------------------------------------------------------------------------- | Võlad hankijatele | 1 873 | 4 480 | -------------------------------------------------------------------------------- | Muud võlad | 562 | 593 | -------------------------------------------------------------------------------- | Tulumaksukohustus | 97 | 80 | -------------------------------------------------------------------------------- | Maksukohustused | 3 606 | 5 570 | -------------------------------------------------------------------------------- | Viitvõlad | 4 349 | 4 722 | -------------------------------------------------------------------------------- | Lühiajalised eraldised | 712 | 818 | -------------------------------------------------------------------------------- | Lühiajalised kohustused kokku | 17 177 | 22 580 | -------------------------------------------------------------------------------- | Pikaajalised kohustused | | | -------------------------------------------------------------------------------- | Edasilükkunud tulumaksukohustus | 692 | 698 | -------------------------------------------------------------------------------- | Pikaajalised võlakohustused | 14 752 | 12 461 | -------------------------------------------------------------------------------- | Pikaajalised kohustused kokku | 15 444 | 13 159 | -------------------------------------------------------------------------------- | Kohustused kokku | 32 622 | 35 739 | -------------------------------------------------------------------------------- | OMAKAPITAL | | | -------------------------------------------------------------------------------- | Aktsiakapital | 96 507 | 96 507 | -------------------------------------------------------------------------------- | Ülekurss | 14 525 | 14 525 | -------------------------------------------------------------------------------- | Kohustuslik reservkapital | 2 413 | 2 413 | -------------------------------------------------------------------------------- | Realiseerimata kursivahed | 740 | 2 263 | -------------------------------------------------------------------------------- | Jaotamata kasum | -24 521 | -2 044 | -------------------------------------------------------------------------------- | Emaettevõtte omanikele kuuluv omakapital | 89 665 | 113 664 | | kokku | | | -------------------------------------------------------------------------------- | Vähemusosalus | 4 133 | 4 214 | -------------------------------------------------------------------------------- | Omakapital kokku | 93 797 | 117 878 | -------------------------------------------------------------------------------- | KOHUSTUSED JA OMAKAPITAL KOKKU | 126 419 | 153 616 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | KONSOLIDEERITUD | | | | | | KOONDKASUMIARUANNE | | | | | -------------------------------------------------------------------------------- | (tuhandetes EEK) | 2. kv | 2. kv | 6 k 2009 | 6 k 2008 | | | 2009 | 2008 | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Jätkuvad tegevusvaldkonnad | | | | | -------------------------------------------------------------------------------- | Äritulud | | | | | -------------------------------------------------------------------------------- | Müügitulud | 431 105 | 617 989 | 859 761 | 1 237 826 | -------------------------------------------------------------------------------- | Muud äritulud | 2 300 | 2 999 | 4 104 | 5 743 | -------------------------------------------------------------------------------- | Äritulud kokku | 433 405 | 620 988 | 863 865 | 1 243 569 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Ärikulud | | | | | -------------------------------------------------------------------------------- | Kaubad, toore, materjal ja | -12 785 | -14 357 | -24 623 | -28 420 | | teenused | | | | | -------------------------------------------------------------------------------- | Mitmesugused tegevuskulud | -245 583 | -304 540 | -505 908 | -574 785 | -------------------------------------------------------------------------------- | Tööjõu kulud | -135 248 | -189 400 | -287 505 | -381 333 | -------------------------------------------------------------------------------- | Põhivara kulum | -81 769 | -75 314 | -164 700 | -145 131 | -------------------------------------------------------------------------------- | Muud ärikulud | -11 563 | -4 185 | -22 622 | -8 242 | -------------------------------------------------------------------------------- | Ärikulud kokku | -486 948 | -587 796 | -1 005 | -1 137 911 | | | | | 358 | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Ärikasum | -53 543 | 33 192 | -141 493 | 105 658 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Finantstulud ja -kulud | | | | | -------------------------------------------------------------------------------- | Intressitulud | 2 456 | 2 758 | 5 326 | 6 191 | -------------------------------------------------------------------------------- | Intressikulud | -5 417 | -2 780 | -10 828 | -3 092 | -------------------------------------------------------------------------------- | Kasum (kahjum) valuutakursi | 12 | 9 675 | 3 709 | 6 251 | | muutustest | | | | | -------------------------------------------------------------------------------- | Muud finantstulud ja -kulud | -24 | 0 | -74 | 0 | -------------------------------------------------------------------------------- | Finantstulud ja -kulud | -2 973 | 9 653 | -1 867 | 9 350 | | kokku | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Kasum majandustegevusest | -56 516 | 42 845 | -143 360 | 115 008 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Tulumaksukulu | 1 576 | -13 023 | 1 207 | -15 321 | -------------------------------------------------------------------------------- | Perioodi puhaskasum | -54 940 | 29 822 | -142 153 | 99 686 | | jätkuvatest | | | | | | tegevusvaldkondadest | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Perioodi puhaskasum | -200 555 | 5 686 | -210 792 | -2 244 | | lõpetatud | | | | | | tegevusvaldkondadest | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | PERIOODI | -255 495 | 35 508 | -352 945 | 97 442 | | PUHASKASUM(-KAHJUM) | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Muu koondkasum (-kahjum) | | | | | -------------------------------------------------------------------------------- | Realiseerimata kursivahed | | | | | -------------------------------------------------------------------------------- | jätkuvad tegevusvaldkonnad | 16 032 | -5 901 | -34 040 | -7 732 | -------------------------------------------------------------------------------- | lõpetatud tegevusvaldkonnad | -1 130 | 23 122 | 10 210 | 24 623 | -------------------------------------------------------------------------------- | Kokku muu koondkasum | 14 902 | 17 221 | -23 830 | 16 891 | | (-kahjum) | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Kokku perioodi koondkasum | -240 593 | 52 729 | -376 775 | 114 333 | | (-kahjum) | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Perioodi puhaskasum | | | | | | (-kahjum) | | | | | -------------------------------------------------------------------------------- | Vähemusosalus | -261 | -166 | -1 270 | 5 984 | -------------------------------------------------------------------------------- | Emaettevõtte omanike osa | | | | | -------------------------------------------------------------------------------- | jätkuvad tegevusvaldkonnad | -54 679 | 29 988 | -140 883 | 93 702 | -------------------------------------------------------------------------------- | lõpetatud tegevusvaldkonnad | -200 555 | 5 686 | -210 792 | -2 244 | -------------------------------------------------------------------------------- | | -255 495 | 35 508 | -352 945 | 97 442 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Kokku perioodi koondkasum | | | | | | (-kahjum) | | | | | -------------------------------------------------------------------------------- | Vähemusosalus | -261 | -166 | -1 270 | 5 984 | -------------------------------------------------------------------------------- | Emaettevõtte omanike osa | | | | | -------------------------------------------------------------------------------- | jätkuvad tegevusvaldkonnad | -38 647 | 24 087 | -174 923 | 85 970 | -------------------------------------------------------------------------------- | lõpetatud tegevusvaldkonnad | -201 685 | 28 808 | -200 582 | 22 379 | -------------------------------------------------------------------------------- | | -240 593 | 52 729 | -376 775 | 114 333 | -------------------------------------------------------------------------------- | Jätkuvad tegevusvaldkonnad | | | | | -------------------------------------------------------------------------------- | Tava kasum (-kahjum) aktsia | -0,36 | 0,20 | -0,94 | 0,62 | | kohta (EEK) | | | | | -------------------------------------------------------------------------------- | Lahustatud kasum (-kahjum) | -0,36 | 0,20 | -0,94 | 0,62 | | aktsia kohta (EEK) | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Lõpetatud tegevusvaldkonnad | | | | | -------------------------------------------------------------------------------- | Tava kasum (-kahjum) aktsia | -1,33 | 0,04 | -1,40 | -0,01 | | kohta (EEK) | | | | | -------------------------------------------------------------------------------- | Lahustatud kasum (-kahjum) | -1,33 | 0,04 | -1,40 | -0,01 | | aktsia kohta (EEK) | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | KONSOLIDEERITUD | | | | | | KOONDKASUMIARUANNE | | | | | -------------------------------------------------------------------------------- | (tuhandetes EUR) | 2. kv | 2. kv | 6 k 2009 | 6 k 2008 | | | 2009 | 2008 | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Jätkuvad tegevusvaldkonnad | | | | | -------------------------------------------------------------------------------- | Äritulud | | | | | -------------------------------------------------------------------------------- | Müügitulud | 27 553 | 39 497 | 54 949 | 79 112 | -------------------------------------------------------------------------------- | Muud äritulud | 147 | 192 | 262 | 367 | -------------------------------------------------------------------------------- | Äritulud kokku | 27 700 | 39 688 | 55 211 | 79 479 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Ärikulud | | | | | -------------------------------------------------------------------------------- | Kaubad, toore, materjal ja | -817 | -918 | -1 574 | -1 816 | | teenused | | | | | -------------------------------------------------------------------------------- | Mitmesugused tegevuskulud | -15 696 | -19 464 | -32 333 | -36 735 | -------------------------------------------------------------------------------- | Tööjõu kulud | -8 644 | -12 105 | -18 375 | -24 372 | -------------------------------------------------------------------------------- | Põhivara kulum | -5 226 | -4 813 | -10 526 | -9 276 | -------------------------------------------------------------------------------- | Muud ärikulud | -739 | -267 | -1 446 | -527 | -------------------------------------------------------------------------------- | Ärikulud kokku | -31 122 | -37 567 | -64 254 | -72 726 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Ärikasum | -3 422 | 2 121 | -9 043 | 6 753 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Finantstulud ja -kulud | | | | | -------------------------------------------------------------------------------- | Intressitulud | 157 | 176 | 340 | 396 | -------------------------------------------------------------------------------- | Intressikulud | -346 | -178 | -692 | -198 | -------------------------------------------------------------------------------- | Kasum (kahjum) valuutakursi | 1 | 618 | 237 | 400 | | muutustest | | | | | -------------------------------------------------------------------------------- | Muud finantstulud ja -kulud | -2 | 0 | -5 | 0 | -------------------------------------------------------------------------------- | Finantstulud ja -kulud | -190 | 617 | -119 | 598 | | kokku | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Kasum majandustegevusest | -3 612 | 2 738 | -9 162 | 7 350 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Tulumaksukulu | 101 | -832 | 77 | -979 | -------------------------------------------------------------------------------- | Perioodi puhaskasum | -3 511 | 1 906 | -9 085 | 6 371 | | jätkuvatest | | | | | | tegevusvaldkondadest | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Perioodi puhaskasum | -12 818 | 363 | -13 472 | -143 | | lõpetatud | | | | | | tegevusvaldkondadest | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | PERIOODI | -16 329 | 2 269 | -22 557 | 6 228 | | PUHASKASUM(-KAHJUM) | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Muu koondkasum (-kahjum) | | | | | -------------------------------------------------------------------------------- | Realiseerimata kursivahed | | | | | -------------------------------------------------------------------------------- | jätkuvad tegevusvaldkonnad | 1 025 | -377 | -2 176 | -494 | -------------------------------------------------------------------------------- | lõpetatud tegevusvaldkonnad | -72 | 1 478 | 653 | 1 574 | -------------------------------------------------------------------------------- | Kokku muu koondkasum | 952 | 1 101 | -1 523 | 1 080 | | (-kahjum) | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Kokku perioodi koondkasum | -15 377 | 3 370 | -24 080 | 7 307 | | (-kahjum) | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Perioodi puhaskasum | | | | | | (-kahjum) | | | | | -------------------------------------------------------------------------------- | Vähemusosalus | -17 | -11 | -81 | 382 | -------------------------------------------------------------------------------- | Emaettevõtte omanike osa | | | | | -------------------------------------------------------------------------------- | jätkuvad tegevusvaldkonnad | -3 495 | 1 917 | -9 004 | 5 989 | -------------------------------------------------------------------------------- | lõpetatud tegevusvaldkonnad | -12 818 | 363 | -13 472 | -143 | -------------------------------------------------------------------------------- | | -16 329 | 2 269 | -22 557 | 6 228 | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Kokku perioodi koondkasum | | | | | | (-kahjum) | | | | | -------------------------------------------------------------------------------- | Vähemusosalus | -17 | -11 | -81 | 382 | -------------------------------------------------------------------------------- | Emaettevõtte omanike osa | | | | | -------------------------------------------------------------------------------- | jätkuvad tegevusvaldkonnad | -2 470 | 1 539 | -11 180 | 5 494 | -------------------------------------------------------------------------------- | lõpetatud tegevusvaldkonnad | -12 890 | 1 841 | -12 820 | 1 430 | -------------------------------------------------------------------------------- | | -15 377 | 3 370 | -24 080 | 7 307 | -------------------------------------------------------------------------------- | Jätkuvad tegevusvaldkonnad | | | | | -------------------------------------------------------------------------------- | Tava kasum (-kahjum) aktsia | -0,02 | 0,02 | -0,06 | 0,04 | | kohta (EUR) | | | | | -------------------------------------------------------------------------------- | Lahustatud kasum (-kahjum) | -0,02 | 0,02 | -0,06 | 0,04 | | aktsia kohta (EUR) | | | | | -------------------------------------------------------------------------------- | | | | | | -------------------------------------------------------------------------------- | Lõpetatud tegevusvaldkonnad | | | | | -------------------------------------------------------------------------------- | Tava kasum (-kahjum) aktsia | -0,08 | 0,00 | -0,09 | 0,00 | | kohta (EUR) | | | | | -------------------------------------------------------------------------------- | Lahustatud kasum (-kahjum) | -0,08 | 0,00 | -0,09 | 0,00 | | aktsia kohta (EUR) | | | | | -------------------------------------------------------------------------------- Lisainfo: Andri Avila Tegevdirektor Olympic Entertainment Group AS Tel + 372 667 1250 E-post andri.avila@oc.eu http://www.olympic-casino.com
Pealkiri
OEG consolidated unaudited results for Q2 and 6 months of 2009
Teade
OEG consolidated unaudited results for Q2 and 6 months of 2009
The main objective of the Group in 2009 is continually to adapt to rapidly
changing market situation, raising the market share and improving the efficiency
in core activity. In order to comply, Group management will make decisions
regarding the changes in operating activities based on cash flow indicators.
Financial highlights, Q2 2009:
--------------------------------------------------------------------------------
| Revenue: | 475.9 | million kroons |
--------------------------------------------------------------------------------
| Incl from continuing operations | 433.4 | million kroons |
--------------------------------------------------------------------------------
| EBITDA from day-to-day operations *: | 44.1 | million kroons |
--------------------------------------------------------------------------------
| EBIT from day-to-day operations *: | -46.1 | million kroons |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Extraordinary expenses, incl | | |
--------------------------------------------------------------------------------
| Non-capitalized investment expenses: | -4.8 | million kroons |
--------------------------------------------------------------------------------
| Structure optimization and closure of | -15.9 | million kroons |
| casinos: | | |
--------------------------------------------------------------------------------
| Impairments related to liquidation of | -187.1 | million kroons |
| Ukrainian subsidiaries: | | |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Financial income and expenses net: | -3.2 | million kroons |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net loss before income tax **: | -257.1 | million kroons |
--------------------------------------------------------------------------------
€1 = 15.6466 kroons
*Ordinary business activity is referred to as business activity excluding
investment activities, structure optimization, casinos closures, and financial
income and expenses.
**Net loss before minority interest.
In the second quarter of 2009 the overall degradation of the economic situation
and resultant decreasing trend of the gaming markets continued. The gaming
markets contracted in the first half-year of 2009 compared to the first
half-year of 2008 by 56% in Estonia, by 40% in Latvia and by 38% in Lithuania.
In spite of negative developments on markets, in the second quarter of the year
the level of consolidated revenues has stabilised after significant decline
during the first two months of this year. Increase in revenues in continuing
operations (or in operations without Ukraine segment) was 0.7% in the second
quarter compared to the first quarter of this year. The operating expenses of
the Group before depreciation and impairment expenses decreased continually,
declining in the second quarter compared to the first quarter of this year by
8.6% or 41.9 million kroons (2.7 million euros). EBITDA of the Group increased
in the second quarter up to 23.4 million kroons (1.5 million euros). EBITDA
before costs related to investment activities, structure optimization and
casinos closures increased from the 16.8 million kroons (1.1 million euros)
earned in the first quarter up to 44.1 million kroons (2.8 million euros) earned
in the second quarter of this year.
In the second quarter, the consolidated financial results of the Group were
substantially influenced by developments on Ukrainian gaming market. Due to the
law suspending all casino operations activities in Ukraine, the casinos of OEG
Ukrainian subsidiaries were closed for a total of 27 days within May and June
2009 and approximately 18.0 million kroons (1.2 million euros) of revenues were
not received. OEG has launched a liquidation process of Ukrainian operations due
to the fact, that Ukrainian parliament has banned casino operations in Ukraine
for an undefined period and has cancelled all licences issued to casino
enterprises. According to estimations, liquidation of Ukrainian subsidiaries
will cause impairment losses in amount of 187.1 million kroons (12.0 million
euros).
OEG is planning to demand compensation of investments from the Ukrainian state
basing on investments propitiation and mutual protection agreement signed
between Estonian and Ukrainian governments and has already started this process.
Financial highlights, 6 months 2009:
--------------------------------------------------------------------------------
| Revenue: | 965.6 | million kroons |
--------------------------------------------------------------------------------
| Incl from continuing operations | 863.9 | million kroons |
--------------------------------------------------------------------------------
| EBITDA from day-to-day operations *: | 60.9 | million kroons |
--------------------------------------------------------------------------------
| EBIT from day-to-day operations *: | -128.0 | million kroons |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Extraordinary expenses, incl | | |
--------------------------------------------------------------------------------
| Non-capitalized investment expenses: | -11.5 | million kroons |
--------------------------------------------------------------------------------
| Structure optimization and closure of | -25.5 | million kroons |
| casinos: | | |
--------------------------------------------------------------------------------
| Impairments related to liquidation of | -187.1 | million kroons |
| Ukrainian subsidiaries: | | |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Financial income and expenses net: | -2.1 | million kroons |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Net loss before income tax **: | -354.2 | million kroons |
--------------------------------------------------------------------------------
€1 = 15.6466 kroons
The Group ended the first half-year with sales revenue of 961.2 million kroons
(61.4 million euros). Total consolidated revenue (sales revenue and other
income) surged to 965.6 million kroons (61.7 million euros), 30.8% less than the
first first half-year of 2008 total consolidated revenue of 1,395.3 million
kroons (89.2 million euros).
In the first half-year of 2009 93% consolidated revenue was formed by gaming
operations and 7% of other income. In the first half-year of 2008 gaming
revenues accounted for 94% and other revenues for 6% of consolidated revenue.
External revenue by segments
--------------------------------------------------------------------------------
| | 6 months | Change | Proportion | 6 months | Proportion |
| | 2009 | | | 2008 | |
--------------------------------------------------------------------------------
| Estonia | 187,846 | -53.1% | 19.5% | 400,345 | 28.7% |
--------------------------------------------------------------------------------
| Latvia | 188,299 | -42.9% | 19.5% | 329,504 | 23.6% |
--------------------------------------------------------------------------------
| Lithuania | 158,315 | -30.1% | 16.4% | 226,414 | 16.2% |
--------------------------------------------------------------------------------
| Ukraine | 101,772 | -32.9% | 10.5% | 151,703 | 10.9% |
--------------------------------------------------------------------------------
| Belarus | 20,658 | 60.1% | 2.1% | 12,901 | 0.9% |
--------------------------------------------------------------------------------
| Poland | 225,995 | -9.5% | 23.4% | 249,679 | 17.9% |
--------------------------------------------------------------------------------
| Romania | 29,992 | 46.6% | 3.1% | 20,461 | 1.5% |
--------------------------------------------------------------------------------
| Slovakia | 52,760 | 1136.7 | 5.5% | 4,266 | 0.3% |
| | | % | | | |
--------------------------------------------------------------------------------
| Total | 965,637 | -30.8% | 100.0% | 1,395,273 | 100.0% |
--------------------------------------------------------------------------------
€1 = 15.6466 kroons
At the end of the first half-year 2009, the Group had 86 casinos with a total
area of 30,376 square metres. At the end of the first half-year 2008, the number
of casinos was 130 and their total area was 36,617 square metres. During the
first half-year, 1 new casino was opened in Lithuania and 1 new casino in
Slovakia, in total 49 casinos were closed: 13 in Estonia, 7 in Latvia, 2 in
Lithuania, 3 in Romania and 24 in Ukraine.
--------------------------------------------------------------------------------
| Number of casinos by segments | | |
--------------------------------------------------------------------------------
| | 30 June 2009 | 31 December 2008 | 30 June 2008 |
--------------------------------------------------------------------------------
| Estonia | 23 | 36 | 35 |
--------------------------------------------------------------------------------
| Latvia | 26 | 33 | 36 |
--------------------------------------------------------------------------------
| Lithuania | 15 | 16 | 16 |
--------------------------------------------------------------------------------
| Ukraine | 0 | 24 | 23 |
--------------------------------------------------------------------------------
| Belarus | 5 | 5 | 4 |
--------------------------------------------------------------------------------
| Poland | 9 | 9 | 8 |
--------------------------------------------------------------------------------
| Romania | 6 | 9 | 7 |
--------------------------------------------------------------------------------
| Slovakia | 2 | 1 | 1 |
--------------------------------------------------------------------------------
| Total | 86 | 133 | 130 |
--------------------------------------------------------------------------------
Already during 2008 the Group implemented an extensive efficiency program in
order to adapt the Group operations to changing market situation. The Group
closed 10 casinos that had negative cash flows and reduced the number of jobs by
288 or approximately 7%. In the first half-year of 2009 the Group continued its
activities for increasing the efficiency: the remuneration payable to employees
was reduced by 20% and number of employees was reduced by 616 positions or 16%,
during the current year 27 casinos with negative cash flows were closed. The
number of employees reduced within the last year and first quarter of this year
totals 904 positions or approximately 21%.
In the light of shrinking demand and with the aim of implementing a new concept
of casino lounges the Group has reduced the number of slot machines in most of
its casinos during the first half-year of 2009. As a result of this, the fixed
costs related to the gaming tax decreased significantly. In addition, the Group
shortened the opening time of several casinos, before, all casinos operated by
Olympic Casino were opened 24 hours a day. The positive influence on the cost
structure of the Group since the second quarter of 2009 appeared as agreements
of reducing the rental prices on average 30% have been concluded. The expected
cost impact until the end of the year is 58.2 million kroons (3.7 million
euros).
The total cost effect of optimisation activities implemented within the last
year and first quarter of the current year is expected to be 497.3 million
kroons (31.8 million euros), constituting 16.7% of the year 2008 total operating
expenses.
Consolidated expenses before depreciation and impairment expenses for 6 months
of 2009 decreased in total by 16.4% or 184.8 million kroons (11.8 million euros)
in comparison to consolidated expenses of 6 months of 2008, including decrease
in the second quarter by 23.0% or 135.0 million kroons (8.6 million euros) in
comparison to consolidated expenses of the same period last year. In comparison
with the first half-year of 2008 the strongest cost deacline came from personnel
expenses -25.4% or 107.2 million kroons (6.9 million euros) and marketing
expenses -35.2% or 37.2 million kroons (2.4 million euros). Expenses declined in
Estonian segment by 21.4%, in Latvian segment by 31.8% and Lithuanian segment by
12.8% in comparison with the first half-year of 2008.
The largest expense item before depreciation and impairment expenses was
personnel expenses including social charges which amounted to 314.5 million
kroons (20.1 million euros), followed by gaming tax expenses of 216.0 million
kroons (13.8 million euros), rental expenses of 147.3 million kroons (9.4
million euros) and marketing expenses of 68.4 million kroons (4.4 million
euros). Consolidated expenses of the first half-year of the 2009 include
non-capitalizable expenses related to opening of new casinos in total 11.4
million kroons (0.7 million euros), expenses related to closure of casinos and
reducing the number of personnel in total 25.5 million kroons (1.6 million
euros) and impairment costs in amount of 187.1 million kroons (12.0 million
euros) connected with liquidation of Ukrainian subsidiaries. Expenses related to
closure of casinos in 2009 in amount of 84.2 million kroons (5.4 million euros)
are reflected in the results of the last quarter of 2008.
Consolidated operating loss for the first half-year of 2009 amounted to 352.0
million kroons (22.5 million euros). The operating profit for the first
half-year of 2008 totalled 99.4 million kroons (6.4 million euros). Consolidated
net loss for the first half-year of 2009 totalled 352.9 million kroons (22.6
million euros), in the first half-year of 2008 the net profit amounted 97.4
million kroons (6.2 million euros).
The management of Group has revised its estimations regarding the intra Group
loan contracts in preparing consolidated interim financial results of the first
half-year of 2009, as the intra Group loans will not be settled in the
forseeable future. Consequently, the exchange differences will be recognised
directly in the separate component of equity.
Estonian segment
In the half-year quarter of 2009, the segment's external revenue amounted to
187.8 million kroons (12.0 million euros) including gaming revenue of 169.4
million kroons (10.8 million euros). In first half-year 2009, the segment's
external revenue declined by 53.1% compared to the same period of last year. In
first half-year 2009 the gaming market in Estonia shrank by 56%.
In first half-year of 2009 the segment's operating loss reached 66.1 million
kroons (4.2 million euros). In first half-year of 2008 the segment earned
operating profit in amount of 77.5 million kroons (5.0 million euros).
During the half-year, 13 casinos were closed in Estonia, occurring expenses
related to closures amounted to 12.0 million kroons (0.8 million euros). At the
end of half-year, there were 23 Olympic Casinos in Estonia with a total of 674
slot machines and 19 game tables.
Latvian segment
In the first half-year of 2009, the segment's external revenue amounted to 188.3
million kroons (12.0 million euros) including gaming revenue of 172.4 million
kroons (11.0 million euros) and other revenues of 15.9 million kroons (1.0
million euros). In the first half-year of 2009, the segment's external revenue
declined by 42.9% compared to the same period last year. The Latvian gaming
market declined with the same magnitude.
The Latvian segment's operating loss amounted to 27.0 million kroons (1.7
million euros). In first half-year of 2008 the segment earned operating profit
in amount of 13.8 million kroons (0.9 million euros).
During the half-year, 7 casinos were closed in Latvia, occurring expenses
related to closures amounted to 11.9 million kroons (0.8 million euros). At the
end of June, there were 26 Olympic Casinos in Latvia with a total of 740 slot
machines and 25 game tables.
Lithuanian segment
In the first half-year of 2009, the segment's external revenue amounted to 158.3
million kroons (10.1 million euros) including gaming revenue of 149.0 million
kroons (9.5 million euros) and other revenues of 9.3 million kroons (0.6 million
euros). In the first half-year of 2009, the segment's external revenue declined
by 30.1%, the Lithuanian gaming market shrank by 38%.
In the first half-year the segments`s operating loss reached 2.6 million kroons
(0.2 million euros). The operating profit of the last year`s the same periood
was 41.8 million kroons (2.7 million euros).
Within the half-year 1 casino was opened and 2 casinos were closed in Lithuania.
At the end of June 2009, the Lithuanian segment was operating 15 casinos with a
total of 523 slot machines and 61 game tables.
Ukrainian segment
Before launching a liquidation process of Ukrainian subsidiaries, the segment
was operating 22 casinos with a total of 997 slot machines and 24 game tables.
In the first half-year of 2009, the segment's external revenue amounted to 101.8
million kroons (6.5 million euros), in the first half-year of 2008, the
segment's external revenue amounted to 151.7 million kroons (9.7 million euros).
Due to the banning of casino activities, the casinos of OEG Ukrainian
subsidiaries were closed for a total of 27 days within May and June 2009 and
approximately 18.0 million kroons (1.2 million euros) of revenues were not
received.
Liquidation of Ukrainian subsidiaries will cause partial sale and partial
write-off of assets located in Ukraine, which estimatedly bring impairment
losses in amount of approximately 187.1 million kroons (12.0 million euros). In
connection with the circumstances mentioned above Ukrainian segment has earned
an operating loss in amount of 200.3 million kroons (12.8 million euros) in the
2nd quarter of 2009 and 210.5 million kroons (13.5 million euros) in total for
the first half of 2009. Ebitda of Ukrainian subsidiaries for the first half of
2009 was positive and totalled 0.7 million kroons (0.04 million euros).
Belarusian segment
At the end of half-year, Olympic Casino Bel IP was operating 5 casinos with a
total of 261 slot machines in Minsk.
The Belarusian segment's sales revenue has grown 60.1% compared to the first
half-year of 2008 and amounted to 20.7 million kroons (1.3 million euros). The
Belarusian segment's sales revenue has grown in roubles 1.5 times compared to
the first half-year of 2008. The operating loss of Belarusian segment was 5.6
million kroons (0.4 million euros). In the first half-year of 2008, the
Belarusian segment's external revenues amounted to 12.9 million kroons (0.8
million euros) and operating loss was 9.3 million kroons (0.6 million euros).
Polish segment
In the first half-year of 2009, the segment's external revenue amounted to 226.0
million kroons (14.4 million euros), accounting for largest part or 23.4% of the
Group's consolidated revenue. During the first half-year of 2009, segment's
revenue has declined by 9.5% compared to the first half-year of 2008, but in
polish zlotys the segment's sales revenue has grown by 17.2%. The operating loss
of Polish segment was 8.5 million kroons (0.5 million euros). The segment's
operating result was influenced by expenses related to the removal and
renovation of casinos in total amount of 1.8 million kroons (0.1 million euros)
and by increase in investment related depreciation cost in amount of 9.0 million
kroons (0.6 million euros).
At the end of half-year, Group was operating 9 casinos in Poland with 415 slots
and 67 gaming tables.
Romanian segment
The Romanian segment finished the first half-year of 2009 with a revenue of 30.0
million kroons (1.9 million euros) and operating loss 29.7 million kroons (1.9
million euros). Expenses related to the preparations of opening of the flagship
casino in Bucharest opened on 15th May in this year influenced the operating
result by 6.3 million kroons (0.4 million euros). In the same period of the last
year, the Romanian segment's external revenues amounted to 20.5 million kroons
(0.8 million euros) and operating loss was 22.6 million kroons (1.4 million
euros).
Within the first half-year, 3 casinos were closed and a flagship casino which
was temporarily closed for renovation was reopened in Romania, at the end of
June Group operated 8 casinos in Romania with 17 game tables and 329 slots.
Slovakian segment
The first casino in Bratislava, the capital of Slovakia, was opened in June
2008. In January 2009 a second Olympic casino was opened in Trnava.
The Slovakian segment finished the first half-year of 2009 with a revenue of
52.7 million kroons (3.3 million euros) and operating loss 1.9 million kroons
(0.1 million euros). In the first half-year of 2008, the Slovakian segment's
external revenues amounted to 4.3 million kroons (0.3 million euros) and
operating loss was 7.1 million kroons (0.5 million euros).
Balance sheet
At 30 June 2009, the consolidated balance sheet of Group totalled 1,978.0
million kroons (126.4 million euros). At 31 December 2008, the consolidated
balance sheet of Group amounted to 2,403.6 million kroons (153.6 million euros).
Within the first half-year of 2009, the balance sheet volume declined by 17.7%.
Current assets accounted for 425.9 million kroons (27.2 million euros) or 21.5%
of total assets and non-current assets for 1,552.1 million kroons (99.2 million
euros) or 78.5% of total assets. Intangible assets accounted for 460.4 million
kroons (29.4 million euros) or 29.7% of non-current assets.
At 30 June 2009, Group´s consolidated liabilities amounted to 510.4 million
kroons (32.6 million euros) and consolidated equity amounted to 1,467.6 million
kroons (93.8 million euros). The largest part of liabilities were loans in
amount of 311.8 million kroons (19.9 million euros), payables to employees of
61.6 million kroons (3.9 million euros), tax commitments of 57.9 million kroons
(3.7 million euros).
Investment
In the first half-year of 2009, the Group's expenditures on property, plant and
equipment totalled 61.1 million kroons (3.9 million euros) including investment
in gaming equipment of 16.2 million kroons (1.0 million euros), renovation of
casinos in amount of 25.1 million kroons (1.6 million euros), and acquisition of
other items of property, plant and equipment in amount of 5.1 million kroons
(0.3 million euros), prepayments for tangible assets amounted to 14.7 million
kroons (0.9 million euros).
Cash flows
Group's operating cash flows during the first half-year of 2009 were 27.0
million kroons (1.7 million euros), cash outflows from investing activities were
120.2 million kroons (7.7 million euros), cash flows from financing activities
were 33.7 million kroons (2.2 million euros). Net cash outflows amounted to 59.5
million kroons (3.8 million euros).
People
At 30 June 2009, the Group employed 3,308 people (31 December 2008: 3,924): 553
in Estonia, 498 in Latvia, 708 in Lithuania, 619 in Ukraine, 98 in Belarus, 502
in Poland, 216 in Romania and 114 in Slovakia.
Employee remuneration expenses including relevant social charges amounted to
314.5 million kroons (20.1 million euros), in first half-year of 2008 the
relevant figure was 421.7 million kroons (27.0 million euros).
The Group's key financials:
--------------------------------------------------------------------------------
| | 6 months | 6 months | Change |
| | 2009 | 2008 | |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Revenue (kroons, millions) | 965.6 | 1,395.3 | -31.1% |
--------------------------------------------------------------------------------
| EBITDA(kroons, millions) | 23.9 | 269.1 | -91.1% |
--------------------------------------------------------------------------------
| Operating profit/loss (kroons, | -352.0 | 99.4 | |
| millions) | | | |
--------------------------------------------------------------------------------
| Net profit/loss (kroons, millions) | -352.9 | 97.4 | |
--------------------------------------------------------------------------------
| EBITDA margin | 2.5% | 19.3% | |
--------------------------------------------------------------------------------
| Operating margin | -36.5% | 7.1% | |
--------------------------------------------------------------------------------
| Net margin | -36.6% | 7.0% | |
--------------------------------------------------------------------------------
| Equity ratio | 74.2% | 84.9% | |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Number of casinos at end of period | 86 | 130 | -44 |
--------------------------------------------------------------------------------
| Total area of casinos at end of | 30,376 | 36,617 | -6,241 |
| period (in square metres) | | | |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| Number of slots at end of period | 3,037 | 4,961 | -1,924 |
--------------------------------------------------------------------------------
| Number of game tables at end of | 209 | 213 | -4 |
| period | | | |
--------------------------------------------------------------------------------
Underlying formulas
o EBITDA = earnings before financial expenses, taxes, depreciation, amortisation
and impairment losses
o Operating profit = profit before financial expenses and taxes
o Net profit = net profit for the period before minority interest
o EBITDA margin = EBITDA / revenue
o Operating margin = operating profit / revenue
o Net margin = net profit / revenue
o Equity ratio = equity / total assets
€1 = 15.6466 kroons
--------------------------------------------------------------------------------
| CONSOLIDATED STATEMENT OF FINANCIAL POSITION | |
--------------------------------------------------------------------------------
| ASSETS | | |
--------------------------------------------------------------------------------
| (In thousands of Estonian kroons) | 30 Jun 2009 | 31 Dec 2008 |
--------------------------------------------------------------------------------
| Current assets | | |
--------------------------------------------------------------------------------
| Cash and cash equivalents | 255 688 | 315 919 |
--------------------------------------------------------------------------------
| Trade receivables | 6 062 | 6 507 |
--------------------------------------------------------------------------------
| Other receivables and prepayments | 76 863 | 86 174 |
--------------------------------------------------------------------------------
| Prepaid income tax | 20 994 | 20 464 |
--------------------------------------------------------------------------------
| Inventories | 24 450 | 29 576 |
--------------------------------------------------------------------------------
| Assets held for sale | 41 886 | 0 |
--------------------------------------------------------------------------------
| Total current assets | 425 943 | 458 640 |
--------------------------------------------------------------------------------
| Non-current assets | | |
--------------------------------------------------------------------------------
| Deferred tax assets | 17 324 | 16 847 |
--------------------------------------------------------------------------------
| Other financial investments | 61 306 | 15 930 |
--------------------------------------------------------------------------------
| Other long-term receivables | 10 225 | 45 292 |
--------------------------------------------------------------------------------
| Investment property | 44 030 | 45 330 |
--------------------------------------------------------------------------------
| Property, plant and equipment | 958 808 | 1 313 076 |
--------------------------------------------------------------------------------
| Intangible assets | 460 392 | 508 459 |
--------------------------------------------------------------------------------
| Total non-current assets | 1 552 085 | 1 944 934 |
--------------------------------------------------------------------------------
| TOTAL ASSETS | 1 978 028 | 2 403 574 |
--------------------------------------------------------------------------------
| | | |
--------------------------------------------------------------------------------
| LIABILITIES AND EQUITY | | |
--------------------------------------------------------------------------------
| (In thousands of Estonian kroons) | 30 Jun 2009 | 31 Dec 2008 |
--------------------------------------------------------------------------------
| LIABILITIES | | |
--------------------------------------------------------------------------------
| Current liabilities | | |
--------------------------------------------------------------------------------
| Interest-bearing loans and borrowings | 80 955 | 82 802 |
--------------------------------------------------------------------------------
| Customer advances | 12 591 | 16 041 |
--------------------------------------------------------------------------------
| Trade payables | 29 299 | 70 101 |
--------------------------------------------------------------------------------
| Other payables | 8 798 | 9 273 |
--------------------------------------------------------------------------------
| Income tax liability | 1 517 | 1 249 |
--------------------------------------------------------------------------------
| Other tax liabilities | 56 420 | 87 156 |
--------------------------------------------------------------------------------
| Other accrued payables | 68 049 | 73 879 |
--------------------------------------------------------------------------------
| Provisions | 11 140 | 12 797 |
--------------------------------------------------------------------------------
| Total current liabilities | 268 769 | 353 298 |
--------------------------------------------------------------------------------
| Non-current liabilities | | |
--------------------------------------------------------------------------------
| Deferred tax liability | 10 831 | 10 924 |
--------------------------------------------------------------------------------
| Interest-bearing loans and borrowings | 230 819 | 194 968 |
--------------------------------------------------------------------------------
| Total non-current liabilities | 241 650 | 205 892 |
--------------------------------------------------------------------------------
| Total liabilities | 510 419 | 559 190 |
--------------------------------------------------------------------------------
| EQUITY | | |
--------------------------------------------------------------------------------
| Share capital | 1 510 000 | 1 510 000 |
--------------------------------------------------------------------------------
| Share premium | 227 273 | 227 273 |
--------------------------------------------------------------------------------
| Statutory capital reserve | 37 759 | 37 759 |
--------------------------------------------------------------------------------
| Translation reserves | 11 577 | 35 407 |
--------------------------------------------------------------------------------
| Retained earnings | -383 664 | -31 989 |
--------------------------------------------------------------------------------
| Total equity attributable to equity holders | 1 402 945 | 1 778 450 |
| of the parent | | |
--------------------------------------------------------------------------------
| Minority interest | 64 664 | 65 934 |
--------------------------------------------------------------------------------
| Total equity | 1 467 609 | 1 844 384 |
--------------------------------------------------------------------------------
| TOTAL LIABILITIES AND EQUITY | 1 978 028 | 2 403 574 |
--------------------------------------------------------------------------------
| | | |
--------------------------------------------------------------------------------
| | | |
--------------------------------------------------------------------------------
| CONSOLIDATED STATEMENT OF FINANCIAL POSITION | |
--------------------------------------------------------------------------------
| ASSETS | | |
--------------------------------------------------------------------------------
| (In thousands of euro) | 30 Jun 2009 | 31 Dec 2008 |
--------------------------------------------------------------------------------
| Current assets | | |
--------------------------------------------------------------------------------
| Cash and cash equivalents | 16 341 | 20 191 |
--------------------------------------------------------------------------------
| Trade receivables | 387 | 416 |
--------------------------------------------------------------------------------
| Other receivables and prepayments | 4 912 | 5 508 |
--------------------------------------------------------------------------------
| Prepaid income tax | 1 342 | 1 308 |
--------------------------------------------------------------------------------
| Inventories | 1 563 | 1 890 |
--------------------------------------------------------------------------------
| Assets held for sale | 2 677 | 0 |
--------------------------------------------------------------------------------
| Total current assets | 27 223 | 29 312 |
--------------------------------------------------------------------------------
| Non-current assets | | |
--------------------------------------------------------------------------------
| Deferred tax assets | 1 107 | 1 077 |
--------------------------------------------------------------------------------
| Other financial investments | 3 918 | 1 018 |
--------------------------------------------------------------------------------
| Other long-term receivables | 653 | 2 895 |
--------------------------------------------------------------------------------
| Investment property | 2 814 | 2 897 |
--------------------------------------------------------------------------------
| Property, plant and equipment | 61 279 | 83 921 |
--------------------------------------------------------------------------------
| Intangible assets | 29 424 | 32 496 |
--------------------------------------------------------------------------------
| Total non-current assets | 99 196 | 124 304 |
--------------------------------------------------------------------------------
| TOTAL ASSETS | 126 419 | 153 616 |
--------------------------------------------------------------------------------
| | | |
--------------------------------------------------------------------------------
| LIABILITIES AND EQUITY | | |
--------------------------------------------------------------------------------
| (In thousands of euro) | 30 Jun 2009 | 31 Dec 2008 |
--------------------------------------------------------------------------------
| LIABILITIES | | |
--------------------------------------------------------------------------------
| Current liabilities | | |
--------------------------------------------------------------------------------
| Interest-bearing loans and borrowings | 5 174 | 5 292 |
--------------------------------------------------------------------------------
| Customer advances | 805 | 1 025 |
--------------------------------------------------------------------------------
| Trade payables | 1 873 | 4 480 |
--------------------------------------------------------------------------------
| Other payables | 562 | 593 |
--------------------------------------------------------------------------------
| Income tax liability | 97 | 80 |
--------------------------------------------------------------------------------
| Other tax liabilities | 3 606 | 5 570 |
--------------------------------------------------------------------------------
| Other accrued payables | 4 349 | 4 722 |
--------------------------------------------------------------------------------
| Provisions | 712 | 818 |
--------------------------------------------------------------------------------
| Total current liabilities | 17 177 | 22 580 |
--------------------------------------------------------------------------------
| Non-current liabilities | | |
--------------------------------------------------------------------------------
| Deferred tax liability | 692 | 698 |
--------------------------------------------------------------------------------
| Interest-bearing loans and borrowings | 14 752 | 12 461 |
--------------------------------------------------------------------------------
| Total non-current liabilities | 15 444 | 13 159 |
--------------------------------------------------------------------------------
| Total liabilities | 32 622 | 35 739 |
--------------------------------------------------------------------------------
| EQUITY | | |
--------------------------------------------------------------------------------
| Share capital | 96 507 | 96 507 |
--------------------------------------------------------------------------------
| Share premium | 14 525 | 14 525 |
--------------------------------------------------------------------------------
| Statutory capital reserve | 2 413 | 2 413 |
--------------------------------------------------------------------------------
| Translation reserves | 740 | 2 263 |
--------------------------------------------------------------------------------
| Retained earnings | -24 521 | -2 044 |
--------------------------------------------------------------------------------
| Total equity attributable to equity holders | 89 665 | 113 664 |
| of the parent | | |
--------------------------------------------------------------------------------
| Minority interest | 4 133 | 4 214 |
--------------------------------------------------------------------------------
| Total equity | 93 797 | 117 878 |
--------------------------------------------------------------------------------
| TOTAL LIABILITIES AND EQUITY | 126 419 | 153 616 |
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
| CONSOLIDATED STATEMENT OF COMPREHENSIVE | | | |
| INCOME | | | |
--------------------------------------------------------------------------------
| (In thousands of Estonian | Q2 2009 | Q2 2008 | 6M 2009 | 6M 2008 |
| kroons) | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Continuing operations | | | | |
--------------------------------------------------------------------------------
| Revenue | | | | |
--------------------------------------------------------------------------------
| Sales revenue | 431 105 | 617 989 | 859 761 | 1 237 826 |
--------------------------------------------------------------------------------
| Other income | 2 300 | 2 999 | 4 104 | 5 743 |
--------------------------------------------------------------------------------
| Total revenue | 433 405 | 620 988 | 863 865 | 1 243 569 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Expenses | | | | |
--------------------------------------------------------------------------------
| Cost of materials, goods and | -12 785 | -14 357 | -24 623 | -28 420 |
| services used | | | | |
--------------------------------------------------------------------------------
| Other operating expenses | -245 583 | -304 540 | -505 908 | -574 785 |
--------------------------------------------------------------------------------
| Labour costs | -135 248 | -189 400 | -287 505 | -381 333 |
--------------------------------------------------------------------------------
| Depreciation, amortisation and | -81 769 | -75 314 | -164 700 | -145 131 |
| impairment | | | | |
--------------------------------------------------------------------------------
| Other expenses | -11 563 | -4 185 | -22 622 | -8 242 |
--------------------------------------------------------------------------------
| Total expenses | -486 948 | -587 796 | -1 005 | -1 137 |
| | | | 358 | 911 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Operating profit (loss) | -53 543 | 33 192 | -141 493 | 105 658 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Financial income and expenses | | | | |
--------------------------------------------------------------------------------
| Interest income | 2 456 | 2 758 | 5 326 | 6 191 |
--------------------------------------------------------------------------------
| Interest expense | -5 417 | -2 780 | -10 828 | -3 092 |
--------------------------------------------------------------------------------
| Foreign exchange gain (losses) | 12 | 9 675 | 3 709 | 6 251 |
--------------------------------------------------------------------------------
| Other financial income and | -24 | 0 | -74 | 0 |
| expenses | | | | |
--------------------------------------------------------------------------------
| Net financing income and | -2 973 | 9 653 | -1 867 | 9 350 |
| expenses | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Profit (loss) before tax | -56 516 | 42 845 | -143 360 | 115 008 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Income tax expense | 1 576 | -13 023 | 1 207 | -15 321 |
--------------------------------------------------------------------------------
| Profit (loss) for the period | -54 940 | 29 822 | -142 153 | 99 686 |
| from continuing operations | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Profit (loss) for the period | -200 555 | 5 686 | -210 792 | -2 244 |
| from discontinued operations | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| PROFIT (LOSS) FOR THE PERIOD | -255 495 | 35 508 | -352 945 | 97 442 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Other comprehensive income | | | | |
--------------------------------------------------------------------------------
| Translation reserve | | | | |
--------------------------------------------------------------------------------
| continuing operations | 16 032 | -5 901 | -34 040 | -7 732 |
--------------------------------------------------------------------------------
| discontinued operations | -1 130 | 23 122 | 10 210 | 24 623 |
--------------------------------------------------------------------------------
| Other comprehensive income for | 14 902 | 17 221 | -23 830 | 16 891 |
| the period | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Total comprehensive income for | -240 593 | 52 729 | -376 775 | 114 333 |
| the period | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Profit (loss) for the period attributable | | | |
| to | | | |
--------------------------------------------------------------------------------
| Minority interest | -261 | -166 | -1 270 | 5 984 |
--------------------------------------------------------------------------------
| Equity holders of the parent | | | | |
--------------------------------------------------------------------------------
| continuing operations | -54 679 | 29 988 | -140 883 | 93 702 |
--------------------------------------------------------------------------------
| discontinued operations | -200 555 | 5 686 | -210 792 | -2 244 |
--------------------------------------------------------------------------------
| | -255 495 | 35 508 | -352 945 | 97 442 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Total comprehensive income | | | | |
| attributable to | | | | |
--------------------------------------------------------------------------------
| Minority interest | -261 | -166 | -1 270 | 5 984 |
--------------------------------------------------------------------------------
| Equity holders of the parent | | | | |
--------------------------------------------------------------------------------
| continuing operations | -38 647 | 24 087 | -174 923 | 85 970 |
--------------------------------------------------------------------------------
| discontinued operations | -201 685 | 28 808 | -200 582 | 22 379 |
--------------------------------------------------------------------------------
| | -240 593 | 52 729 | -376 775 | 114 333 |
--------------------------------------------------------------------------------
| Continuing operations | | | | |
--------------------------------------------------------------------------------
| Basic earnings per share (EEK) | -0,36 | 0,20 | -0,94 | 0,62 |
--------------------------------------------------------------------------------
| Diluted earnings per share | -0,36 | 0,20 | -0,94 | 0,62 |
| (EEK) | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Discontinued operations | | | | |
--------------------------------------------------------------------------------
| Basic earnings per share (EEK) | -1,33 | 0,04 | -1,40 | -0,01 |
--------------------------------------------------------------------------------
| Diluted earnings per share | -1,33 | 0,04 | -1,40 | -0,01 |
| (EEK) | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| CONSOLIDATED STATEMENT OF COMPREHENSIVE | | | |
| INCOME | | | |
--------------------------------------------------------------------------------
| (In thousands of euro) | Q2 2009 | Q2 2008 | 6M 2009 | 6M 2008 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Continuing operations | | | | |
--------------------------------------------------------------------------------
| Revenue | | | | |
--------------------------------------------------------------------------------
| Sales revenue | 27 553 | 39 497 | 54 949 | 79 112 |
--------------------------------------------------------------------------------
| Other income | 147 | 192 | 262 | 367 |
--------------------------------------------------------------------------------
| Total revenue | 27 700 | 39 688 | 55 211 | 79 479 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Expenses | | | | |
--------------------------------------------------------------------------------
| Cost of materials, goods and | -817 | -918 | -1 574 | -1 816 |
| services used | | | | |
--------------------------------------------------------------------------------
| Other operating expenses | -15 696 | -19 464 | -32 333 | -36 735 |
--------------------------------------------------------------------------------
| Labour costs | -8 644 | -12 105 | -18 375 | -24 372 |
--------------------------------------------------------------------------------
| Depreciation, amortisation and | -5 226 | -4 813 | -10 526 | -9 276 |
| impairment | | | | |
--------------------------------------------------------------------------------
| Other expenses | -739 | -267 | -1 446 | -527 |
--------------------------------------------------------------------------------
| Total expenses | -31 122 | -37 567 | -64 254 | -72 726 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Operating profit (loss) | -3 422 | 2 121 | -9 043 | 6 753 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Financial income and expenses | | | | |
--------------------------------------------------------------------------------
| Interest income | 157 | 176 | 340 | 396 |
--------------------------------------------------------------------------------
| Interest expense | -346 | -178 | -692 | -198 |
--------------------------------------------------------------------------------
| Foreign exchange gain (losses) | 1 | 618 | 237 | 400 |
--------------------------------------------------------------------------------
| Other financial income and | -2 | 0 | -5 | 0 |
| expenses | | | | |
--------------------------------------------------------------------------------
| Net financing income and | -190 | 617 | -119 | 598 |
| expenses | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Profit (loss) before tax | -3 612 | 2 738 | -9 162 | 7 350 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Income tax expense | 101 | -832 | 77 | -979 |
--------------------------------------------------------------------------------
| Profit (loss) for the period | -3 511 | 1 906 | -9 085 | 6 371 |
| from continuing operations | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Profit (loss) for the period | -12 818 | 363 | -13 472 | -143 |
| from discontinued operations | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| PROFIT (LOSS) FOR THE PERIOD | -16 329 | 2 269 | -22 557 | 6 228 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Other comprehensive income | | | | |
--------------------------------------------------------------------------------
| Translation reserve | | | | |
--------------------------------------------------------------------------------
| continuing operations | 1 025 | -377 | -2 176 | -494 |
--------------------------------------------------------------------------------
| discontinued operations | -72 | 1 478 | 653 | 1 574 |
--------------------------------------------------------------------------------
| Other comprehensive income for | 952 | 1 101 | -1 523 | 1 080 |
| the period | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Total comprehensive income for | -15 377 | 3 370 | -24 080 | 7 307 |
| the period | | | | |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Profit (loss) for the period attributable | | | |
| to | | | |
--------------------------------------------------------------------------------
| Minority interest | -17 | -11 | -81 | 382 |
--------------------------------------------------------------------------------
| Equity holders of the parent | | | | |
--------------------------------------------------------------------------------
| continuing operations | -3 495 | 1 917 | -9 004 | 5 989 |
--------------------------------------------------------------------------------
| discontinued operations | -12 818 | 363 | -13 472 | -143 |
--------------------------------------------------------------------------------
| | -16 329 | 2 269 | -22 557 | 6 228 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Total comprehensive income attributable to | | | |
--------------------------------------------------------------------------------
| Minority interest | -17 | -11 | -81 | 382 |
--------------------------------------------------------------------------------
| Equity holders of the parent | | | | |
--------------------------------------------------------------------------------
| continuing operations | -2 470 | 1 539 | -11 180 | 5 494 |
--------------------------------------------------------------------------------
| discontinued operations | -12 890 | 1 841 | -12 820 | 1 430 |
--------------------------------------------------------------------------------
| | -15 377 | 3 370 | -24 080 | 7 307 |
--------------------------------------------------------------------------------
| Continuing operations | | | | |
--------------------------------------------------------------------------------
| Basic earnings per share (€) | -0,02 | 0,02 | -0,06 | 0,04 |
--------------------------------------------------------------------------------
| Diluted earnings per share (€) | -0,02 | 0,02 | -0,06 | 0,04 |
--------------------------------------------------------------------------------
| | | | | |
--------------------------------------------------------------------------------
| Discontinued operations | | | | |
--------------------------------------------------------------------------------
| Basic earnings per share (€) | -0,08 | 0,00 | -0,09 | 0,00 |
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| Diluted earnings per share (€) | -0,08 | 0,00 | -0,09 | 0,00 |
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Further information:
Andri Avila
CEO
Olympic Entertainment Group,
Tel +372 667 1250
E-post andri.avila@oc.eu
http://www.olympic-casino.com