Börsiteade
AS Tallink Grupp
LEI kood
529900QRMWAKKR3L9W75
Emitendi suuruskategooria
Suur kontsern
Majandustegevusalad
Hulgi- ja jaekaubandus, Veondus ja laondus, Majutus ja toitlustus, Haldus- ja abitegevused
Emitendi registreeritud asukoht
Eesti
Üldandmed
Kategooriad
Juhtkonna vaheteadaanne või kvartaalne finantsaruanne
Teate ID
5530
Manused
Esitamise kuupäev ja aeg
12.05.2016 09:50:00
Teate sisu eesti keeles
Pealkiri
AS-i Tallink Grupp 2016. majandusaasta auditeerimata konsolideeritud I kvartali vahearuanne
Teade
Tallinn, 2016-05-12 08:50 CEST (GLOBE NEWSWIRE) --
AS-i Tallink Grupp 2016. majandusaasta auditeerimata konsolideeritud I kvartali
vahearuanne
AS Tallink Grupp ja tema tütarettevõtted (edaspidi „Kontsern“) vedasid 2016.
majandusaasta esimeses kvartalis (1. jaanuar – 31. märts) kokku 2,0 miljonit
reisijat, mida on 8,9% rohkem kui eelmise aasta esimeses kvartalis. Kontserni
auditeerimata müügitulu kasvas 2,7 miljoni euro või 1,4% võrra kokku 192,8
miljoni euroni. Auditeerimata EBITDA vähenes 3,2 miljoni euro või 16,3% võrra,
kokku 16,3 miljoni euroni ning auditeerimata puhaskahjum vähenes eelmise aasta
sama perioodiga võrreldes 1,3 miljoni euro või 9,9% võrra ja oli kokku 12,0
miljonit eurot.
Esimeses kvartalis, mis on ühtlasi madalhooaeg, kasvas reisijate arv kõikidel
opereeritavatel liinidel. Võrreldes eelmise aasta sama perioodiga teenis
Kontsern peamiselt tänu suuremale pardamüügile suurema kogu müügitulu hoolimata
laevade hooldusest tingitud väiksemast reiside arvust ja madalamatest
prahtimise tuludest. Esimese kvartali tulemust mõjutasid võrreldes eelmise
aasta sama ajaga oluliselt madalamad prahtimise tulud seoses laevade Regina
Baltica ja Silja Festival müügiga ning Silja Europa prahilepingu lõppemisega.
Samas suutis kontsern edukalt ületada prahitulude languse kõrgema müügituluga
põhiliinidelt. Kvartali kasumlikkust mõjutasid ka Silja Europa Eesti-Soome
liinil opereerimise alustamisega seotud ühekordsed kulud. Lisaks avaldab
käesoleva majandusaasta tulemusele mõju varasem reisilaeva Superstar
müügi-tagasiprahtimise tehing. Nende äritegevuses toimunud muutuste tulemusel
on esimeses kvartalis madalamad amortisatsiooni- ning finantskulu kuid kõrgemad
tegevuskulud, mis avaldusid Kontserni EBITDA ja puhastulemi erisuunalises
liikumises.
Esimeses kvartalis kasvas Eesti-Soome vahelistel laevaliinidel müügitulu 4,1%
võrreldes eelmise aasta sama perioodiga. Müügitulu kasv tuli peamiselt
suuremast reisijate arvust, veetud kaubaveo ühikute maht oli eelmise aastaga
samal tasemel. Reisilaev Silja Europa alustas 13. märtsil 2016 Tallinn-Helsingi
liinil igapäevaste reisidega. Eesti-Soome vaheliste laevaliinide segmendi
esimese kvartali kasumlikkus oli madalam võrreldes eelmise aasta sama
perioodiga seoses kiirlaeva Superstar prahtimise kuluga ja reisilaeva Silja
Europa liinile naasmise ettevalmistustega seotud ühekordsete kuludega.
Soome-Rootsi vaheliste laevaliinide esimese kvartali müügitulu kasvas 5,0%
võrreldes eelmise aasta sama perioodiga, müügitulu kasv tuli peamiselt 6,8%
võrra suuremast reisijate arvust. Transporditud kaubaveoühikute arv kasvas 4%
võrra.
Eesti-Rootsi vahelise laevaliini müügitulu kasvas 15,5% tuginedes 13,3% võrra
suuremale reisijate arvule ja suuremale veetud kaubaveoühikute mahule.
Läti-Rootsi laevaliinil teeniti veidi rohkem müügitulu võrreldes eelmise aasta
esimese kvartaliga.
Esimeses kvartalis suurenes Kontserni restoranide ja poodide müügitulu 8,8
miljoni euro või 8,7% võrra võrreldes eelmise aasta sama perioodiga.
Restoranide ja poodide müügitulu kasvu toetas peamiselt suurem reisijate arv
Kontserni opereeritavatel laevadel.
Laevade prahtimise tulu vähenes esimeses kvartalis 6,8 miljoni euro või 43,2%
võrra võrreldes eelmise aasta sama perioodiga, kuna välja oli prahitud vähem
laevu.
Kontsern peab jätkuvalt oluliseks laevade avalike alade ja kajutite
parendamist, et toetada kliendirahulolu ning käibe kasvu. Esimeses kvartalis
tehti investeeringuid kokku summas 12,7 miljonit eurot. Lisaks tavapärasele
laevade hooldusele tehti mitmesuguseid investeeringuid reisilaevade Silja
Symphony ja Silja Europa poodide, restoranide ja kajutite uuendamisse. Tallinki
shuttle laeval Star avati maailma esimene BURGER KING® ujuvrestoran.
Kontserni 2016. majandusaasta esimese kvartali brutokasum oli 26,5 miljonit
eurot, mis on samal tasemel eelmise aasta sama perioodiga, EBITDA vähenes 3,2
miljoni euro võrra ja oli 16,3 miljonit eurot. Esimese kvartali kasumlikkust
mõjutasid väiksem kütusekulu kuid samas suuremad müügi- ja turunduskulud,
kiirlaeva Superstar prahtimise kulu ja ühekordsed kulud äritegevuste
muudatustest. Ühekordsed kulud olid seotud reisilaeva Silja Europa liinile
naasmisega ja Kontserni poolt opereeritava Tallinki Logistikakeskuse
käivitamisega.
Esimeses kvartalis vähenes põhivara amortisatsioon 0,8 miljoni euro võrra
seoses kolme laeva müügiga 2015. aastal. Finantskulu kokku vähenes 2,3 miljoni
euro võrra peamiselt tänu väiksematele intressikuludele. Intressikulude
vähenemine tuleneb laenude graafikujärgsetest ja laevade müügiga seotud
ennetähtaegsetest tagasimaksetest.
Kontserni auditeerimata puhaskahjum oli 2016. majandusaasta esimeses kvartalis
12,0 miljonit eurot ehk 0,018 eurot aktsia kohta, eelmise aasta sama perioodi
puhaskahjum oli 13,3 miljonit eurot ehk 0,020 eurot aktsia kohta.
2016. majandusaasta esimese kvartali rahavoog äritegevusest oli kokku 16,7
miljonit eurot, mis on 1,0 miljon eurot vähem võrreldes eelmise aasta sama
perioodiga. Kontserni kogulikviidsus, raha ja kasutamata krediidilimiidid, oli
esimese kvartali lõpus 136,3 miljonit eurot (31. märtsil 2015 68,8 miljonit
eurot), mis hõlmab 91,7 miljonit eurot raha (31. märtsil 2015 66,3 miljonit
eurot) ja 44,6 miljonit eurot kasutamata krediidilimiite (31. märtsil 2015 2,5
miljonit eurot), tagades tugeva finantspositsiooni jätkusuutlikuks
opereerimiseks.
KONSOLIDEERITUDKOONDKASUMIARUANNE
(auditeerimata, tuhandetes eurodes) 01.01.2016- 01.01.2015-
31.03.2016 31.03.2015
================================================================================
Müügitulu (Lisa 3) 192 821 190 153
Müüdud kaupade ja teenuste kulud -166 343 -164 049
Brutokasum 26 478 26 104
--------------------------------------------------------------------------------
Müügi- ja turunduskulud -18 292 -15 235
Üldhalduskulud -12 018 -11 715
Muud äritulud 500 123
Muud ärikulud -16 -191
--------------------------------------------------------------------------------
Kasum/-kahjum äritegevusest -3 348 -914
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Finantstulud (Lisa 4) 2 596 5 676
Finantskulud (Lisa 4) -11 273 -16 608
Kasum/-kahjum enne tulumaksu -12 025 -11 846
--------------------------------------------------------------------------------
Tulumaks -2 -1 500
Aruandeperioodi puhaskasum/-kahjum -12 027 -13 346
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Muu koondkasum/-kahjum
Summad, mida saab edaspidi ümber liigitada kasumisse
või kahjumisse
Valuutakursi vahed välisettevõtetest -58 -82
Perioodi muu koondkasum/-kahjum kokku -58 -82
--------------------------------------------------------------------------------
Perioodi koondkasum/-kahjum kokku -12 085 -13 428
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Kasum aktsia kohta (eurodes ühe aktsia kohta)
- tava (Lisa 5) -0,018 -0,020
- lahustatud (Lisa 5) -0,018 -0,020
--------------------------------------------------------------------------------
KONSOLIDEERITUD FINANTSSEISUNDI ARUANNE
(auditeerimata tuhandetes eurodes)
VARAD 31.03.2016 31.12.2015
================================================================================
Käibevara
--------------------------------------------------------------------------------
Raha ja raha ekvivalendid 91 718 81 976
Nõuded ostjate vastu ja muud nõuded 35 354 36 583
Ettemaksed 13 075 5 274
Tulumaksu ettemakse 439 1 224
Varud 36 506 29 197
Käibevara kokku 177 092 154 254
--------------------------------------------------------------------------------
Põhivara
--------------------------------------------------------------------------------
Investeeringud kapitaliosaluse meetodil kajastatud 350 350
investeeringuobjektidesse
Muud finantsvarad 361 308
Edasilükkunud tulumaksu vara 19 410 19 410
Kinnisvarainvesteeringud 300 300
Materiaalne põhivara (Lisa 7) 1 305 045 1 311 418
Immateriaalne vara (Lisa 8) 52 195 52 726
---------------------------------------------------------
Põhivara kokku 1 377 661 1 384 512
--------------------------------------------------------------------------------
---------------------------------------------------------
VARAD KOKKU 1 554 753 1 538 766
--------------------------------------------------------------------------------
KOHUSTUSED JA OMAKAPITAL
================================================================================
Lühiajalised kohustused
--------------------------------------------------------------------------------
Intressikandvad võlakohustused (Lisa 9) 108 851 81 889
Võlad tarnijatele ja muud võlad 94 287 88 480
Tulumaksukohustus 3 586 4 567
Ettemakstud tulud 38 056 28 906
Lühiajalised kohustused kokku 244 780 203 842
--------------------------------------------------------------------------------
Pikaajalised kohustused
-----------------------
--------------------------------------------------------------------------------
Intressikandvad võlakohustused (Lisa 9) 455 277 467 447
Tuletisinstrumendid (Lisa 6) 42 359 42 863
Muud kohustused 0 192
--------------------------------------------------------------------------------
Pikaajalised kohustused kokku 497 636 510 502
--------------------------------------------------------------------------------
Kohustused kokku 742 416 714 344
--------------------------------------------------------------------------------
OMAKAPITAL
--------------------------------------------------------------------------------
Emaettevõtja aktsionäridele kuuluv omakapital
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Aktsiakapital nimiväärtuses 404 290 404 290
Ülekurss 639 639
Reservid 65 025 65 083
Jaotamata kasum 342 383 354 410
--------------------------------------------------------------------------------
Emaettevõtte omanikele kuuluv omakapital kokku 812 337 824 422
--------------------------------------------------------------------------------
OMAKAPITAL KOKKU 812 337 824 422
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
KOHUSTUSED JA OMAKAPITAL KOKKU 1 554 753 1 538 766
--------------------------------------------------------------------------------
KONSOLIDEERITUD RAHAVOOGUDE ARUANNE
(auditeerimata tuhandetes eurodes) 01.01.2016- 01.01.2015-
31.03.2016 31.03.2015
Rahavood äritegevusest
Aruandeperioodi puhaskasum/-kahjum -12 027 -13 346
Korrigeerimised 28 192 33 028
Äritegevusega seotud nõuete ja ettemaksete muutused -5 756 -4 811
Varude muutused -7 309 2 528
Äritegevusega seotud kohustuste muutused 13 719 336
Makstud tulumaks -160 -33
--------------------------------------------------------------------------------
16 659 17 702
--------------------------------------------------------------------------------
-------------------------------------------------------
Rahavood investeerimistegevusest
Materiaalse põhivara ja immateriaalse vara ostmine -12 709 -3 612
(Lisad 7, 8, 9)
Laekumised materiaalse põhivara müügist 134 12
Saadud intressid 18 22
--------------------------------------------------------------------------------
-12 557 -3 578
--------------------------------------------------------------------------------
-------------------------------------------------------
Rahavood finantseerimistegevusest
Laenude tagasimaksed (Lisa 9) -14 728 -15 024
Arvelduskrediidi muutus (Lisa 9) 26 963 10 049
Kapitalirendimaksete tasumine (Lisa 9) -24 -20
Makstud intressid -5 550 -6 745
Tuletisinstrumentidega seotud maksed -1 021 -1 419
5 640 -13 159
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
RAHAVOOD KOKKU 9 742 965
--------------------------------------------------------------------------------
------------------------------------------------------- ------------
Raha ja raha ekvivalendid
- perioodi alguses 81 976 65 311
- suurenemine (+) / vähenemine (-) 9 742 965
--------------------------------------------------------------------------------
- perioodi lõpus 91 718 66 276
--------------------------------------------------------------------------------
Veiko Haavapuu
Finantsdirektor
AS Tallink Grupp
Sadama 5/7. 10111 Tallinn
Tel. +372 640 9914
E-mail [email protected]
Teate sisu inglise keeles
Pealkiri
AS Tallink Grupp Unaudited Consolidated Interim Report Q1 2016
Teade
Tallinn, 2016-05-12 08:50 CEST (GLOBE NEWSWIRE) --
AS Tallink Grupp Unaudited Consolidated Interim Report Q1 2016
In the first quarter (1 January - 31 March) of the 2016 financial year AS
Tallink Grupp and its subsidiaries (the Group) carried 2.0 million passengers
which is 8.9% more compared to the first quarter last year. The Group’s
unaudited revenue for the first quarter increased by EUR 2.7 million or 1.4% to
the total of EUR 192.8 million. Unaudited EBITDA decreased by EUR 3.2 million
or 16.3% to the total of EUR 16.3 million, unaudited net result improved by EUR
1.3 million or 9.9% compared to the same period last year and net loss amounted
to EUR 12.0 million.
In the first quarter,which is also the low season, the number of passengers
increased in all operated routes. The Group also increased the total revenue
mainly from higher on-board sales despite less departures due to maintenance
and lower revenue from the chartering activity. Compared to the same period
last year the first quarter result was affected by noticeably lower revenues
from chartering related to the sale of vessels Regina Baltica and Silja
Festival, and termination of cruise ferry Silja Europa charter. However, the
Group was able to exceed the reduction of charter revenues with higher revenues
from main routes. The first quarter profitability was influenced also by
onetime expenses from cruise ferry Silja Europa start of operations on
Estonia-Finland route. The fast ferry Superstar sale and charter back
transaction will impact the result of the current financial year. As a result
of these operational changes, in the first quarter there are lower amortization
and finance costs but higher operating costs, which resulted lower EBITDA and
improved net result.
The Estonia-Finland routes first quarter revenue increased by 4.1% compared to
same period last year. The increase is driven mainly by growth in the passenger
number, cargo volume was on level with last year. The cruise ferry Silja Europa
started daily operations on Tallinn-Helsinki route cruise service on 13th of
March 2016. The Estonia-Finland segment result for the first quarter was lower
compared to the same period last year due to the cost of charter of the fast
ferry Superstar and also onetime costs related to the preparations of the
cruise ferry Silja Europa return to the route.
The Finland-Sweden routes first quarter revenue increased by 5.0% compared to
same period last year, the increase is supported by a 6.8% growth in the
passenger number. The number of cargo units transported increased by 4.0%.
The Estonia-Sweden route revenue increase of 15.5% was mainly driven by a 13.3%
increase of passenger number and higher cargo volume. The Latvia-Sweden route
showed slightly higher revenue compared with the first quarter last year.
In the first quarter the Group’s restaurants and shop sales increased by EUR
8.8 million or 8.7%, compared to the same period last year. The sales growth is
supported mainly by the higher number of passengers travelling with the Group’s
operated ships.
The revenue from the leases of vessels has reduced by EUR 6.8 million or 43.2%
in the first quarter due to fewer ships are chartered out, compared to the same
period last year.
The Group has continuous focus on improving the public areas and cabins in
ships to support the customer satisfaction and revenue growth. In the first
quarter, the capital expenditure amounted to total of EUR 12.7 million. Along
with the routine maintenance of vessels, number of investments were made to the
shops, restaurants and cabins on the cruise ferries Silja Symphony and Silja
Europa. On the Tallink Shuttle ferry Star the world’s first floating BURGER
KING® restaurant was opened.
In the first quarter of the 2016 financial year the Group’s gross profit
amounted to EUR 26.5 million which is on level compared to the same period last
year and EBITDA decreased by EUR 3.2 million to the total of EUR 16.3 million.
The first quarter profitability was impacted by lower total fuel cost but also
higher marketing costs, cost of charter of the fast ferry Superstar and onetime
costs related to changes in operations. Onetime costs from operations were
related to preparations of the cruise ferry Silja Europa return to the route
and launching of the Group operated Tallink Logistics Center.
In the first quarter, the depreciation and amortization cost reduced by EUR 0.8
due to the sale of three vessels in 2015. Total finance costs decreased by EUR
2.3 million mainly due to lower interest cost from regular repayment of loans
and also repayment of loans related to sale of ships.
The unaudited net loss for the first quarter of the 2016 financial year was EUR
12.0 million or EUR 0.018 per share compared to the net loss of EUR 13.3
million or EUR 0.020 per share in the same period last year.
Cash flow from operations was EUR 16.7 million in first quarter, which is a EUR
1.0 million lower compared to the same period last year. The total liquidity,
cash and unused credit facilities, at the end of the first quarter was EUR
136.3 million (EUR 68.8 million, 31 March 2015) providing a strong financial
position for sustainable operations. The Group had EUR 91.7 million (EUR 66.3
million, 31 March 2015) in cash and equivalents and the total of unused credit
lines were at EUR 44.6 million (EUR 2.5 million, 31 March 2015).
Q1 KEY FIGURES
2016 2015 Change
Jan-Mar Jan-Mar
------------------------------------------------------
Revenue EUR million 192.8 190.2 1.4%
--------------------------------------------------------------------------------
Gross profit EUR million 26.5 26.1 1.4%
--------------------------------------------------------------------------------
Gross margin 13.7% 13.7%
--------------------------------------------------------------------------------
EBITDA EUR million 16.3 19.5 -16.3%
--------------------------------------------------------------------------------
EBITDA margin 8.4% 10.2%
--------------------------------------------------------------------------------
Net profit for the EUR million -12.0 -13.3 9.9%
period
--------------------------------------------------------------------------------
Net profit margin -6.2% -7.0%
adjusted
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Depreciation and EUR million 19.6 20.4 -3.7%
amortization
--------------------------------------------------------------------------------
Investments EUR million 12.6 3.6 251.0%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Weighted average number of ordinary shares 669,882,040 669,882,040 0.0%
outstanding 1
--------------------------------------------------------------------------------
Earnings per share EUR -0.02 -0.02 9.9%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Number of passengers 1,953,070 1,793,414 8.9%
--------------------------------------------------------------------------------
Number of cargo 77,279 75,172 2.8%
units
--------------------------------------------------------------------------------
Average number of 6,886 6,642 3.7%
employees
--------------------------------------------------------------------------------
----------------------------------------------- -------
--------------------------
31.03.2016 31.12.2015
--------------------------------------------------------------------------------
Total assets EUR million 1,554.8 1,538.8 1.0%
--------------------------------------------------------------------------------
Interest-bearing EUR million 564.1 549.3 2.7%
liabilities
--------------------------------------------------------------------------------
Net debt EUR million 472.4 467.4 1.1%
--------------------------------------------------------------------------------
Total equity EUR million 812.3 824.4 -1.5%
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Equity ratio 52.2% 53.6%
--------------------------------------------------------------------------------
Net debt to EBITDA 2.7 2.6
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Number of ordinary shares outstanding 1 669,882,040 669,882,040 0.0%
--------------------------------------------------------------------------------
Shareholders’ equity EUR 1.21 1.23 -1.5%
per share
--------------------------------------------------------------------------------
EBITDA: Earnings before net financial items, taxes, depreciation and
amortization;
Earnings per share: net profit / weighted average number of shares outstanding;
Equity ratio: total equity / total assets;
Shareholder’s equity per share: shareholder’s equity / number of shares
outstanding;
Gross margin: gross profit / net sales;
EBITDA margin: EBITDA / net sales;
Net profit margin: net profit / net sales;
Net debt: Interest bearing liabilities less cash and cash equivalents;
Net debt to EBITDA: Net debt / 12-months trailing EBITDA.
1 Share numbers exclude own shares.
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
(unaudited, in thousands of euros) 01.01.2016- 01.01.2015-
31.03.2016 31.03.2015
================================================================================
Revenue (Note 3) 192,821 190,153
Cost of sales -166,343 -164,049
Gross profit 26,478 26,104
--------------------------------------------------------------------------------
Sales and marketing expenses -18,292 -15,235
Administrative expenses -12,018 -11,715
Other operating income 500 123
Other operating expenses -16 -191
--------------------------------------------------------------------------------
Result from operating activities -3,348 -914
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Finance income (Note 4) 2,596 5,676
Finance costs (Note 4) -11,273 -16,608
Profit/-loss before income tax -12,025 -11,846
--------------------------------------------------------------------------------
Income tax -2 -1,500
--------------------------------------------------------------------------------
Net profit/-loss for the period -12,027 -13,346
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Other comprehensive income/-expense
Items that may be reclassified to profit or loss
Exchange differences on translating foreign operations -58 -82
Other comprehensive income/-expense for the period -58 -82
--------------------------------------------------------------------------------
Total comprehensive income/-expense for the period -12,085 -13,428
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Earnings per share (in EUR per share)
- basic (Note 5) -0.018 -0.020
- diluted (Note 5) -0.018 -0.020
--------------------------------------------------------------------------------
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
(unaudited, in thousands of euros)
ASSETS 31.03.2016 31.12.2015
================================================================================
Current assets
--------------------------------------------------------------------------------
Cash and cash equivalents 91,718 81,976
Trade and other receivables 35,354 36,583
Prepayments 13,075 5,274
Income tax prepayment 439 1,224
Inventories 36,506 29,197
Total current assets 177,092 154,254
--------------------------------------------------------------------------------
Non-current assets
--------------------------------------------------------------------------------
Investments in equity-accounted investees 350 350
Other financial assets 361 308
Deferred income tax assets 19,410 19,410
Investment property 300 300
Property, plant and equipment (Note 7) 1,305,045 1,311,418
Intangible assets (Note 8) 52,195 52,726
---------------------------------------------------------
Total non-current assets 1,377,661 1,384,512
--------------------------------------------------------------------------------
---------------------------------------------------------
TOTAL ASSETS 1,554,753 1,538,766
--------------------------------------------------------------------------------
LIABILITIES AND EQUITY
================================================================================
Current liabilities
--------------------------------------------------------------------------------
Interest bearing loans and borrowings (Note 9) 108,851 81,889
Trade and other payables 94,287 88,480
Income tax liability 3,586 4,567
Deferred income 38,056 28,906
Total current liabilities 244,780 203,842
--------------------------------------------------------------------------------
Non-current liabilities
-----------------------
--------------------------------------------------------------------------------
Interest bearing loans and borrowings (Note 9) 455,277 467,447
Derivatives (Note 6) 42,359 42,863
Other payables 0 192
--------------------------------------------------------------------------------
Total non-current liabilities 497,636 510,502
--------------------------------------------------------------------------------
TOTAL LIABILITIES 742,416 714,344
--------------------------------------------------------------------------------
EQUITY
--------------------------------------------------------------------------------
Equity attributable to equity holders of the parent
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
Share capital 404,290 404,290
Share premium 639 639
Reserves 65,025 65,083
Retained earnings 342,383 354,410
--------------------------------------------------------------------------------
Total equity attributable to equity holders of the 812,337 824,422
parent
--------------------------------------------------------------------------------
TOTAL EQUITY 812,337 824,422
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
TOTAL LIABILITIES AND EQUITY 1,554,753 1,538,766
--------------------------------------------------------------------------------
CONSOLIDATED CASH FLOW STATEMENT
(unaudited, in thousands of euros) 01.01.2016- 01.01.2015-
31.03.2016 31.03.2015
Cash flows from operating activities
Net profit/-loss for the period -12,027 -13,346
Adjustments 28,192 33,028
Changes in receivables and prepayments related to -5,756 -4,811
operating activities
Changes in inventories -7,309 2,528
Changes in liabilities related to operating activities 13,719 336
Income tax paid -160 -33
--------------------------------------------------------------------------------
16,659 17,702
--------------------------------------------------------------------------------
-------------------------------------------------------
Cash flow from/used in investing activities
Purchase of property, plant and equipment and -12,709 -3,612
intangible assets (Notes 7, 8, 9)
Proceeds from disposals of property, plant and 134 12
equipment
Interest received 18 22
--------------------------------------------------------------------------------
-12,557 -3,578
--------------------------------------------------------------------------------
-------------------------------------------------------
Cash flows used in financing activities
Repayment of loans (Note 9) -14,728 -15,024
Change in overdraft (Note 9) 26,963 10,049
Payment of finance lease liabilities (Note 9) -24 -20
Interest paid -5,550 -6,745
Payments for settlement of derivatives -1,021 -1,419
5,640 -13,159
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
TOTAL NET CASH FLOW 9,742 965
--------------------------------------------------------------------------------
------------------------------------------------------- ------------
Cash and cash equivalents:
- at the beginning of period 81,976 65,311
- increase (+) / decrease (-) 9,742 965
--------------------------------------------------------------------------------
- at the end of period 91,718 66,276
--------------------------------------------------------------------------------
Veiko Haavapuu
Finance Director
AS Tallink Grupp
Sadama 5/7. 10111 Tallinn
Tel. +372 640 9914
E-mail [email protected]