Data for 2014 years

Financial and property standing of Capital Group of JSW

Item	Unit	2014	2013	2012	2011	GROWTH
STATEMENT OF FINANCIAL POSITION
Total assets	PLN mm	15 369,3	13 862,0	14 067,1	13 617,0	110,9
Non-current assets	PLN mm	13 085,9	10 300,0	9 792,0	8 873,6	127
Current assets	PLN mm	2 283,4	3 562,0	4 275,1	4 743,4	64,1
Equity	PLN mm	7 267,5	8 351,6	8 573,9	8 443,4	87
Liabilities	PLN mm	8 101,8	5 510,4	5 493,2	5 173,6	147
STATEMENT OF COMPREHENSIVE INCOME
Sales revenues	PLN mm	6 814,9	7 632,2	8 821,0	9 376,8	89,3
Gross sales profit/loss	PLN mm	(4,7)	1 152,7	2 435,2	3 409,7	-0,4
Operating profit/loss	PLN mm	(774,8)	201,9	1 308,2	2 708,5	-383,8
EBITDA	PLN mm	528,5	1 403,4	2 374,8	3 552,8	37,7
EBITDA margin	%	7,8	18,4	26,9	37,9	42,4
Pre-tax profit/loss	PLN mm	(882,2)	109,7	1 276,9	2 675,0	-804,2
Net profit/loss	PLN mm	(657,1)	82,2	988,1	2 086,0	-799,4
Total comprehensive income	PLN mm	(1 079,2)	84,4	798,5	2 105,5	(1 278,7)
CASH FLOW STATEMENT
Net cash flow on operating activity	PLN mm	644,3	1 630,1	2 359,4	2 835,3	39,5
Net cash flow on investing activity	PLN mm	(3 040,4)	(804,2)	(2 634,3)	(1 667,2)	378,1
Net cash flow on financing activity	PLN mm	1 077,4	(280,5)	(821,5)	(436,9)	-384,1
Change in net cash and cash equivalents	PLN mm	(1 318,7)	545,4	(1 096,4)	731,2	-241,8
FINANCIAL RATIOS
Per share dividend	PLN/share	-	2,52	5,38	2,16	-
Current liquidity		0,58	1,59	1,97	2,09	36,5
Quick liquidity		0,45	1,35	1,60	1,77	33,3
Net return on sales	%	(9,6)	1,10	11,20	22,20	(872,7)
Total return on assets (ROA)	%	(4,3)	0,60	7,00	15,30	(716,7)
Return on equity (ROE)	%	(9,0)	1,00	11,50	24,70	(900,0)
Total debt ratio		0,53	0,40	0,39	0,38	132,5
Debt to equity ratio		1,11	0,66	0,64	0,61	168,2
Fixed capital to non-current assets ratio		0,81	1,06	1,13	1,20	76,4

Source: Management board report on the activity of the Jastrzębska Spółka Węglowa S.A. Capital Group for the financial year ended 31 December 2014, page 62,63

Financial and property standing of Capital Group of JSWFormat: xlsx | 14 KB

Financial and property standing of Capital Group of JSW

STATEMENT OF FINANCIAL POSITION	Unit	As at 30.09.2014	As at 30.09.2013
STATEMENT OF FINANCIAL POSITION	Unit	As at 30.09.2014	As at 30.09.2013
Total assets	PLN mm	15 647,4	13 626,5
Non-current assets	PLN mm	12 909,0	10 149,8
Current assets	PLN mm	2 738,4	3 476,7
Equity	PLN mm	8 017,6	8 352,3
Liabilities	PLN mm	7 629,8	5 274,2
STATEMENT OF COMPREHENSIVE INCOME	Unit	3 quaters 2014 period 1 January to 30 September 2014	3 guaters 2013 period 1 January to 30 September 2013
Sales revenues	PLN mm	4 781,3	5 790,7
Gross sales profit (loss)	PLN mm	(80,3)	895,1
Operating profit (loss)	PLN mm	(365,4)	172,5
EBITDA	PLN mm	570,8	1 062,5
EBITDA margin	%	11,9	18,3
Pre-tax profit (loss)	PLN mm	(442,3)	102,1
Net profit (loss)	PLN mm	(302,6)	75,4
Total comprehensive income	PLN mm	(329,0)	75,4
CASH FLOW STATEMENT	Unit	1 quaters 2014 period 1 January to 30 September 2014	1 quaters 2013 period 1 January to 30 September 2013
Net cash flow on operating activity	PLN mm	250,7	1 238,9
Net cash flow on investing activity	PLN mm	(2 306,7)	(1 212,9)
including acquisition of the Knurów-Szczygłowice mine	PLN mm	(1 160,0)	-
Net cash flow on financing activity	PLN mm	1 083,5	(357,7)
including the issue of debt securities	PLN mm	1 212,6
Change in net cash and cash equivalents	PLN mm	(972,5)	(357,7)
FINANCIAL RATIOS		As at 30.09.2014	As at 30.09.2013
Current liquidity		0,99	1,79
Quick liquidity		0,75	1,51
Total debt ratio		0,49	0,39
Debt to equity ratio		0,95	0,63
Fixed capital to non-current assets ratio		0,93	1,07
FINANCIAL RATIOS	Unit	As at 30.09.2014	As at 30.09.2013
Net return on sales	%	(6,3)	1,3
Total return on assets (ROA)	%	(1,9)	0,6
Return on equity (ROE)	%	(3,8)	0,9

Source: Management Board Report on the activity of the Jastrzebska Spółka Węglowa S.A. Capital Group for the period of 6 months ended 30 June 2014, page 40-45, 48-50

Financial and property standing of Capital Group of JSWFormat: xlsx | 13 KB

Financial and property standing of Capital Group of JSW

STATEMENT OF FINANCIAL POSITION	Unit	As at 30.06.2014	As at 30.06.2013
STATEMENT OF FINANCIAL POSITION	Unit	As at 30.06.2014	As at 30.06.2013
Total assets	PLN mm	13 335,5	14 093,9
Non-current assets	PLN mm	10 593,9	10 047,7
Current assets	PLN mm	2 741,6	4 046,2
Equity	PLN mm	8 005,4	8 449,7
Liabilities	PLN mm	5 330,1	5 644,2
STATEMENT OF COMPREHENSIVE INCOME	Unit	1 half 2014 period 1 January to 30 June 2014	1 half 2013 period 1 January to 30 June 2013
Sales revenues	PLN mm	3 128,7	4 112,0
Gross sales profit (loss)	PLN mm	(77,1)	762,0
Operating profit (loss)	PLN mm	(382,9)	258,6
EBITDA	PLN mm	196,0	841,9
EBITDA margin	%	6,3	20,5
Pre-tax profit (loss)	PLN mm	(428,6)	216,2
Net profit (loss)	PLN mm	(341,4)	172,9
Total comprehensive income	PLN mm	(341,4)	172,9
CASH FLOW STATEMENT	Unit	1 half 2014 period 1 January to 30 June 2014	1 half 2013 period 1 January to 30 June 2013
Net cash flow on operating activity	PLN mm	108,3	957,0
Net cash flow on investing activity	PLN mm	(1 171,8)	(1 006,7)
including prepayment for the acquisition of the Knurów-Szczygłowice mine	PLN mm	(400,0)	-
Net cash flow on financing activity	PLN mm	(86,7)	(38,6)
Change in net cash and cash equivalents	PLN mm	(1 150,2)	(88,3)
FINANCIAL RATIOS		As at 30.06.2014	As at 30.06.2013
Current liquidity		1,30	1,76
Quick liquidity		1,06	1,51
Total debt ratio		0,40	0,40
Debt to equity ratio		0,67	0,67
Fixed capital to non-current assets ratio		0,99	1,10
FINANCIAL RATIOS	Unit	As at 30.06.2014	As at 30.06.2013
Net return on sales	%	(10,9)	4,2
Total return on assets (ROA)	%	(2,6)	1,2
Return on equity (ROE)	%	(4,3)	2,0

Source: Management Board Report on the activity of the Jastrzebska Spółka Węglowa S.A. Capital Group for the period of 6 months ended 30 June 2014, page 40-45, 48-50

Financial and property standing of Capital Group of JSWFormat: xlsx | 13 KB

Financial and property standing of Capital Group of JSW

STATEMENT OF FINANCIAL POSITION	Unit	31.03.2014	31.12.2013	31.03.2013
STATEMENT OF FINANCIAL POSITION	Unit	31.03.2014	31.12.2013	31.03.2013
Total assets	PLN mm	13 525,9	13 862,0	14 157,2
Non-current assets	PLN mm	10 415,0	10 300,0	9 933,0
Current assets	PLN mm	3 110,9	3 562,0	4 224,1
Equity	PLN mm	8 261,4	8 351,6	8 719,2
Liabilities	PLN mm	5 264,5	5 510,4	5 437,9
STATEMENT OF COMPREHENSIVE INCOME	Unit	I quater 2014	year 2013	I quater 2013
Sales revenues	PLN mm	1 663,7	7 632,2	2 179,1
Gross sales profit	PLN mm	118,7	1 152,7	479,2
Operating profit (loss)	PLN mm	(90,2)	201,9	204,2
EBITDA	PLN mm	210,3	1 403,4	490,8
EBITDA margin	%	12,6	18,4	22,5
Pre-tax profit (loss)	PLN mm	(114,9)	109,7	184,6
Net profit (loss)	PLN mm	(88,5)	82,2	145,4
Total comprehensive income	PLN mm	(88,5)	84,4	145,4
CASH FLOW STATEMENT	Unit	I quater 2014	year 2013	I quater 2013
Net cash flow on operating activity	PLN mm	37,3	1 630,1	451,6
Net cash flow on investing activity	PLN mm	(466,3)	(804,2)	(537,5)
Net cash flow on financing activity	PLN mm	(70,3)	(280,5)	(15,2)
Change in net cash and cash equivalents	PLN mm	(498,9)	545,4	(101,1)
FINANCIAL RATIOS		31.03.2014	31.12.2013	31.03.2013
Current liquidity		1,56	1,59	1,99
Quick liquidity		1,27	1,35	1,69
Total debt ratio		0,39	0,40	0,38
Debt to equity ratio		0,64	0,66	0,62
Fixed capital to non-current assets ratio		1,03	1,06	1,13
FINANCIAL RATIOS	Unit	I quater 2014	year 2013	I quater 2013
Net return on sales	%	(5,3)	1,1	6,7
Total return on assets (ROA)	%	(0,7)	0,6	1,0
Return on equity (ROE)	%	(1,1)	1,0	1,7

Source: Additional information for the consolidated quarterly report of the Jastrzębska Spółka Węglowa S.A. Capital Group for the period of 3 months ended 31 March 2014 , page 28-32, 36-37

Financial and property standing of Capital Group of JSW Format: xlsx | 13 KB