Data for 2016 years

Financial and property standing of Capital Group of JSW

Item Unit 2016 2015 2014 2013 2012 2011 GROWTH
2015=100
STATEMENT OF FINANCIAL POSITION
Total assets PLN mm 11 519,6 11 812,2 15 369,3 13 862,0 14 067,1 13 617,0 97,5
Non-current assets PLN mm 9 097,3 10 324,7 13 085,9 10 300,0 9 792,0 8 873,6 88,1
Current assets PLN mm 2 422,3 1 487,5 2 283,4 3 562,0 4 275,1 4 743,4 162,8
Equity PLN mm 4 069,6 3 934,2 7 267,5 8 351,6 8 573,9 8 443,4 103,4
Liabilities PLN mm 7 450,0 7 878,0 8 101,8 5 510,4 5 493,2 5 173,6 94,6
STATEMENT OF COMPREHENSIVE INCOME
Sales revenues PLN mm 6 731,3 6 934,9 6 814,9 7 632,2 8 821,0 9 376,8 97,1
Gross sales profit/loss PLN mm 1 229,7 (50,2) (4,7) 1 152,7 2 435,2 3 409,7 -
Operating profit/loss PLN mm 226,6 (3 896,0) (774,8) 201,9 1 308,2 2 708,5 -
EBITDA PLN mm 1 065,4 (2 533,1) 528,5 1 403,4 2 374,8 3 552,8 -
EBITDA margin % 15,8 (36,5) 7,8 18,4 26,9 37,9 -
Pre-tax profit/loss PLN mm 19,6 (4 045,3) (882,2) 109,7 1 276,9 2 675,0 -
Net profit/loss PLN mm 4,4 (3 285,2) (657,1) 82,2 988,1 2 086,0 -
Total comprehensive income PLN mm 16,2 (3 301,1) (1 079,2) 84,4 798,5 2 105,5 -
CASH FLOW STATEMENT
Net cash flow on operating activity PLN mm 896,5 725,1 644,3 1 630,1 2 359,4 2 835,3 123,6
Net cash flow on investing activity PLN mm (354,4) (1 015,3) (3 040,4) (804,2) (2 634,3) (1 667,2) 34,9
Net cash flow on financing activity PLN mm 277,7 (80,0) 1 077,4 (280,5) (821,5) (436,9) -
Change in net cash and cash equivalents PLN mm 819,8 (370,2) (1 318,7) 545,4 (1 096,4) 731,2 -
FINANCIAL RATIOS
Per share dividend PLN/share - - - 2,52 5,38 2,16 -
Current liquidity   1,14 0,39 0,58 1,59 1,97 2,09 292,3
Quick liquidity   0,98 0,26 0,45 1,35 1,60 1,77 376,9
Net return on sales % 0,1 (47,4) (9,6) 1,10 11,20 22,20 -
Total return on assets (ROA) % 0,0 (27,8) (4,3) 0,60 7,00 15,30 -
Return on equity (ROE) % 0,1 (83,5) (9,0) 1,00 11,50 24,70 -
Total debt ratio   0,65 0,67 0,53 0,40 0,39 0,38 97,0
Debt to equity ratio   1,83 2,00 1,11 0,66 0,64 0,61 91,5
Fixed capital to non-current assets ratio   0,70 0,49 0,81 1,06 1,13 1,20 142,9

Source: Management board report on the activity of the Jastrzębska Spółka Węglowa S.A. Capital Group for the financial year ended 31 December 2016

Financial and property standing of Capital Group of JSW

STATEMENT OF FINANCIAL POSITION Unit As at 30.09.2016 As at 30.09.2015
Total assets PLN mm 10 620,3 14 580,5
Non-current assets PLN mm 9 285,1 12 734,3
Current assets PLN mm 1 335,2 1 846,2
Equity PLN mm 3 622,9 6 582,8
Liabilities PLN mm 6 997,4 7 997,7
STATEMENT OF COMPREHENSIVE INCOME Unit 3 quaters 2016
period 1 January to 30 September 2016
3 guaters 2015
period 1 January to 30 September 2015
Sales revenues PLN mm 4 563,6 5 196,8
Gross sales profit (loss) PLN mm 421,4 (32,1)
Operating profit (loss) PLN mm (281,4) (651,8)
EBITDA PLN mm 360,9 379,5
EBITDA margin % 7,9 7,3
Pre-tax profit (loss) PLN mm (388,5) (758,2)
Net profit (loss) PLN mm (286,4) (622,9)
Total comprehensive income PLN mm (280,4) (652,5)
CASH FLOW STATEMENT Unit 1 quaters 2016
period 1 January to 30 September 2016
1 quaters 2015
period 1 January to 30 September 2015
Net cash flow on operating activity PLN mm 377,1 555,6
Net cash flow on investing activity PLN mm (184,7) (823,2)
Net cash flow on financing activity PLN mm (119,8) 41,4
Change in net cash and cash equivalents PLN mm 72,6 (226,2)
FINANCIAL RATIOS   As at 30.09.2016 As at 30.09.2015
Current liquidity   0,63 0,48
Quick liquidity   0,47 0,33
Total debt ratio   0,66 0,55
Debt to equity ratio   1,93 1,21
Fixed capital to non-current assets ratio   0,61 0,62
FINANCIAL RATIOS Unit As at 30.09.2016 As at 30.09.2015
Net return on sales % (8,3) (12,0)
Total return on assets (ROA) % (2,7) (4,3)
Return on equity (ROE) % (7,9) (9,5)

Source: Additional information for the consolidated quarterly report of the Jastrzebska Spółka Węglowa S.A. Capital Group for the period of 9 months ended 30 September 2016

Financial and property standing of Capital Group of JSW

STATEMENT OF FINANCIAL POSITION Unit As at 30.06.2016 As at 30.06.2015
Total assets PLN mm 11 652,7 14 866,4
Non-current assets PLN mm 10 209,3 12 878,1
Current assets PLN mm 1 443,4 1 988,3
Equity PLN mm 3 781,8 6 585,4
Liabilities PLN mm 7 870,9 8 281,0
STATEMENT OF COMPREHENSIVE INCOME Unit 1 half 2016
period
1 January to 30 June 2016
1 half 2015
period 1 January to 30 June 2015
Sales revenues PLN mm 2 893,6 3 501,7
Gross sales profit (loss) PLN mm 188,9 (53,4)
Operating profit (loss) PLN mm (138,7) (681,0)
EBITDA PLN mm 300,8 15,0
EBITDA margin % 10,4 0,4
Pre-tax profit (loss) PLN mm (229,2) (758,4)
Net profit (loss) PLN mm (148,4) (623,5)
Total comprehensive income PLN mm (151,3,) (649,8)
CASH FLOW STATEMENT Unit 1 half 2016
period
1 January to 30 June 2016
1 half 2015
period
1 January to 30 June 2015
Net cash flow on operating activity PLN mm 395,0 362,8
Net cash flow on investing activity PLN mm (408,8) (591,3)
Net cash flow on financing activity PLN mm (29,0) 52,8
Change in net cash and cash equivalents PLN mm (42,8) (175,7)
FINANCIAL RATIOS   As at 30.06.2016 As at 30.06.2015
Current liquidity   0,37 0,50
Quick liquidity   0,24 0,36
Total debt ratio   0,67 0,56
Debt to equity ratio   2,08 1,26
Fixed capital to non-current assets ratio   0,48 0,77
FINANCIAL RATIOS Unit As at 30.06.2016 As at 30.06.2015
Net return on sales % (5,1) (17,8)
Total return on assets (ROA) % (1,3) (4,2)
Return on equity (ROE) % (3,9) (9,5)

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 2016

Financial and property standing of Capital Group of JSW

STATEMENT OF FINANCIAL POSITION Unit 31.03.2016 31.03.2015 31.03.2014 31.03.2013
Total assets PLN mm 11 716,80 15 025,20 13 525,9 14 157,2
Non-current assets PLN mm 10 289,90 13 088,60 10 415,0 9 933,0
Current assets PLN mm 1 426,90 1 936,60 3 110,9 4 224,1
Equity PLN mm 3 877,90 7 008,60 8 261,4 8 719,2
Liabilities PLN mm 7 838,90 8 016,60 5 264,5 5 437,9
STATEMENT OF COMPREHENSIVE INCOME Unit I quater 2016 I quater 2015 I quater 2014 I quater 2013
Sales revenues PLN mm 1 402,20 1 810,10 1 663,7 2 179,1
Gross sales profit PLN mm 70,1 21,1 118,7 479,2
Operating profit (loss) PLN mm (114,8) (205,4) (90,2) 204,2
EBITDA PLN mm 112,0 109,2 210,3 490,8
EBITDA margin % 8,0 6,0 12,6 22,5
Pre-tax profit (loss) PLN mm (131,6) (240,8) (114,9) 184,6
Net profit (loss) PLN mm (59,5) (196,7) (88,5) 145,4
Total comprehensive income PLN mm (56,3) (227,0) (88,5) 145,4
CASH FLOW STATEMENT Unit I quater 2016 I quater 2015 I quater 2014 I quater 2013
Net cash flow on operating activity PLN mm 126,7 163,7 37,3 451,6
Net cash flow on investing activity PLN mm (279,8) (355,9) (466,3) (537,5)
Net cash flow on financing activity PLN mm (15,9) 40,3 (70,3) (15,2)
Change in net cash and cash equivalents PLN mm (169,0) (151,9) (498,9) (101,1)
FINANCIAL RATIOS   31.03.2016 31.03.2015 31.03.2014 31.03.2013
Current liquidity   0,37 0,52 1,56 1,99
Quick liquidity   0,23 0,39 1,27 1,69
Total debt ratio   0,67 0,53 0,39 0,38
Debt to equity ratio   2,02 1,14 0,64 0,62
Fixed capital to non-current assets ratio   0,49 0,79 1,03 1,13
FINANCIAL RATIOS Unit I quater 2016 I quater 2015 I quater 2014 I quater 2013
Net return on sales % (4,2) (10,9) (5,3) 6,7
Total return on assets (ROA) % (0,5) (1,3) (0,7) 1,0
Return on equity (ROE) % (1,5) (2,8) (1,1) 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 2016