Enclosure is processed in conformity with public notice No. 500/2002 Sb., which is the base for doing some provision of a law No. 563/1991 Sb., about book – keeping, subsequently amended, for accounting entity, that are enterpriser charging in system of dual book – keeping, subsequently amended and according to Czech accounting standards for enterpriser. Data enclosed originate from accounting papers of accounting entity (accounting document, accounting books and other bookkeeping papers) as well as from of other basis that are available for the accounting entity. Monetary data are shown out in whole thousands CZK, if it isn‘t mentioned otherwise.
Enclosure is processed for fiscal period beginning from day 1. January 2013 and it terminates on day 31. December 2013.
General indication:
1. Business name: EURO – Šarm spol. s r.o. 2. IČ:
63988186
3. Place of business: Těšínská 222, 739 34 Šenov 4. Legal form:
Limited Liability Company 5. Subject activities:
– Purchase of goods with the aim of its resale as well as sale (except activities listed in supplements 2 and 3 of law No. 455/91) as well as repairs of motor vehicles
– Production and import of chemical materials and chemical preparations classified as explosive, oxidising, extremely combustible, highly combustible, combustible, highly toxic, toxic, cancerogenic, mutagenic, toxic for reproduction, dangerous for environment and sale of che-mical preparations classified as highly toxic and toxic
– Production plus sale chemical materials plus chemical preparations classified like combustible, deleterious, caustic, excitable, sensitising 6. Day of commencement: 31. 7. 1995
Balancing day: 31. 12. 2013
Moment of final account compilation: 13. 2. 2014
7. Listing of persons (physical, juridical) with more than 20% share in basic capital:
7798/10550 OVERLACK AG, D - 41061 Mönchengladbach, Aachener strasse 236, Federal Republic of Germany 2750/10550 Ing. Oldřich Zahradník, Havířov-Životice, Hraniční 18
8. Description of changes and additions done in the past account period in Trade Register: During the account period there were no changes.
9. Names and surnames of the statutory body members to 31. 12. 2013: Oldřich Zahradník, Ing. – executive director
Heinrich Eickmann – executive director
Organizational structure
10. Name and seat of business companies in which the accounting entity has a bigger share than 20% in basic capital: P.F.N. spol. s r.o.
Height of share: 70%
Seat: Těšínská 222, Šenov
Height of shareholder´s capital to 31. 12. 2013: 44 thousands CZK
Profit 2013: -2 thousands CZK
SLOVCHEMA spol. s r.o.
Height of share: 70%
Seat: A. Stodolu 8/12, Prievidza, Slovak
Height of shareholder´s capital to 31. 12. 2013: 543 thousands EUR
Profit 2013: 68 thousands EUR
PPD spol. s r.o.
Height of share: 100%
Seat: Těšínská 222, Šenov
Height of shareholder´s capital to 31. 12. 2013: 271 thousands CZK
Profit 2013: -20 thousands CZK
11. Height of labour cost and data about payroll:
men men (in thousands CZK)labour cost (in thousands CZK)labour cost
Item / year 2012 2013 2012 2013
average full-time equivalent 98 93 46 629 45 519
From that: members of managing body 7 7 8 421 8 414
Enclosure to statement of balances in the year 2013
General director Asistentin Finance department Quality manager Sales department Purchase department Marketing Plant departments Incestment department Department IT
Plant Plzeň Plant Sokolov
Plant Slatiňany Plant Šenov
Quittances for statutory body
Period 2012 2013
High of quittance (in Thousands CZK) 0 0
The statutory body was not provided borrowings, evidence of security nor other performance in monetary or natural form. Consolidating entity: Overlack AG, head office Monchengladbach HRB 10886, SRN.
Information on accounting methods, common accounting principles and pricing methods they were used
Accounting entity during the course of accounting period, which is a calendar year, accounted about the accounting matters in an effort to adhere the principles of matter-of-fact as well as timing. There were applied accounting methods provided by law about accounting, as one of true scheme as well as that of uninterrupted time durating of accounting entity.1. Way of evaluation:
a) Purchased reserves, created for own account b) TA and IA created by own activities
c) Securities, capital participation d) Additions on animals
Evaluation of the bought reserves is given in acquisition prices. TA and IA created by own activities are appreciated on the base of factory cost. Reserves made by own/=personal activities are estimated at the level of factory cost, according to processed calculation. In this is a simple production involved, where purchased goods are repackaging to the other covers.
2. Way of assessment reproductive acquisition prices by possession evaluated in the said price and purchased along the accounting period Reproductive acquisition price wasn‘t in accounting period 2013 applied.
3. Sorts of adjacent acquisition costs that are usually included in the acquisition prices of purchased reserves
To the acquisition price of purchased reserves has been in the year 2013 comprised these most considerable adjacent acquisition costs: – transportation
– cost connected with material import – duty
– further charges
To the price of reserves from own production has been comprised following costs: – labor costs
– overhead costs – material costs
4. Essential changes regarding pricing methods, amortisation practices and book keeping procedures compared to previous accounting period: Compared to previous accounting period didn‘t get to a change in processes of amortisation and book keeping, to affect the height of possession, engagements or income from trading.
Accounting unit charged about the postponed tax obligation, which amounts to a total of 2 171 thousand of CZK. Setting the amount of postponed tax the accounting unit has kept to transition differences of accounting as well as tax basis, the resulting postponed tax obli-gation represents the difference between the calculated postponed tax claim and the tax obliobli-gation.
5. Ways of assessment of rectifying items and backlogs to possession:
There were created emendatory entries to the claims behind the debtors within the insolvency proceedings in the amount of 2 666 thousand of CZK in the year 2013. At the other claims there were created emendatory entries in the amount of 461 thousand of CZK.
To the balancing day there were created on the basis of physical stocking emendatory entries to the inventory in the amount of 102 thousand of CZK.
Using the equity method there were overestimated to the balancing day all the long-term financial investment according to § 27 paragraph 7, law about book – keeping. Overestimating was brought to books in the balancing way.
During 2013 there was not created and dissolved neither lawful nor accounting reserve as allowance for correction tangible investment goods. 6. Method of composition of depreciable plans (=national schemes of assistance):
In concurrence on law about book – keeping (No. 563/1991 Coll.), as well as on public notice No.500/2002 Coll. as well as Czech accounting standards for enterpriser and law No.586/1992 Coll. about income tax, as amended, there was built – up by the accounting entity a depre-ciable scheme for depreciating of TA and IA that has been archived from the very rise of accounting entity.
Yearly allowance for depreciation is determined by the rate of entry price and the time duration of depreciating. Time duration of depreci-ation alleged in book – keeping isn‘t equal to the time durdepreci-ation used for deprecidepreci-ations for tax purposes, accounting and tax deprecidepreci-ation are therefore not equal.
7. The way applied at recalculation of foreign currencies data on Czech currency:
Assessing of possession and obligations in foreign currencies proceeds according to § 24 abs. 7 law about Book – keeping. During the accoun-ting period there was for recalculation used the fixed rate flowing from actual course of Czech State Bank valid to last day of foregoing month. To the balancing day there were balances of accounts of possession and of engagements, expressed in foreign currencies, recalculated using the actual course of Czech State Bank valid for balancing day whereas differences were carried to account using the result method.
Completive information to balance and profit and loss statement
1. Significant matters after the day of final accountsThere were none.
2. Tangible and intangible property except outstanding claims a) Total height of possession unmentioned in balance in acquisition prices:
The accounting entity files the possession, not recorded in balance, in sub-balance sheet accounting, namely in general amount 5 022 thousands of CZK
b) Specification of tangible property, that is of burdened lien: No properties are burden with a lien.
c) Long term tangible and intangible property: Specification of long term tangible property
Entry
(in thousands of CZK) Acquisition price (31. 12. 2013) Depreciation reserves (to 31. 12. 2013) Acquisition price (31. 12. 2012) Depreciation reserves(to 31. 12. 2012)
Lots 8 659 0 8 659 0
Constructions 101 040 12 626 51 906 9 826
Separate thinks in possession 64 562 34 532 60 569 33 173
Uncompleted long term tangible property 9 793 0 55 784 0
Differences in valuation to acquired assets 8 968 3 588 8 968 2 990
Specification of long term intangible property
Entry
(in thousands of CZK) Acquisition price (31. 12. 2013) Depreciation reserves (to 31. 12. 2013) Acquisition price (31. 12. 2012) Depreciation reserves(to 31. 12. 2012)
Software 13 342 12 513 12 329 11 478
Valuable rights 26 26 26 26
Further long term intangible property 1 127 1 124 1 127 1 123
Goodwill 0 0 0 0
Uncompleted long term property 4 835 0 202 0
d) Possession in operative lease
Under the contract about hire of movable asset has the society in lease 14 motor – cars and 4 forklifts. Under contract about finance lease with resulting purchase hired has accounting entity in lease 3 vehicles plus 1 lift truck, this possession is guided in sub-balance sheet accounting.
e) View of additions and decreases of long – term possession according to its main groups:
Entry
(in thousands of CZK) purchase price Initial state of to 31. 12. 2013
Increases Decreases Final state of purchase price to 31. 12. 2013
Oprávky
za rok 2012 Depreciated prices to 31.12.2013 Intangible property 13 684 5 646 19 330 13 633 5 667 Tangible property 185 916 10 694 3 588 193 022 50 746 142 276 Financial investments 8 916 1 813 5 10 724 10 724 Total 208 516 18 153 3 593 223 076 64 409 158 667 3. Active debts:
General height of short time trade receivables (account No. 311):
Gross amount 169 816 thousands of CZK
Corrective items 9 031 thousands of CZK
Nett amount 160 785 thousands of CZK
There from claims within group 2 180 thousands of CZK Time structure of trade receivables (in gross amount):
Receivables to the maturity 101 120 thousands of CZK
Receivables up to 90 days after maturity 50 190 thousands of CZK Receivables up to 180 days after maturity 2 299 thousands of CZK Receivables up to 360 days after maturity 305 thousands of CZK Receivables more than 360 days after maturity 15 839 thousands of CZK Receivables after debtors in insolvency 8 345 thousands of CZK Receivables with payback period more than 5 years are not filed by the company.
4. Liabilities:
Total amount of short time liabilities from business activities (Account No. 321):
Amount 75 231 thousands of CZK
From that liabilities within the group 1 682 thousands of CZK
Time structure of liabilities:
Liabilities to maturity 72 587 thousands of CZK
Liabilities up to 90 days after maturity 2 308 thousands of CZK Liabilities than 90 days after maturity 302 thousands of CZK Liabilities with payback period more than 5 years are not filed by the company.
The height of payable liabilities towards the OSSZ and ZP to 31. 12. 2013:
OSSZ 877 thousands of CZK ČPZP 65 thousands of CZK VZP 221 thousands of CZK RBP 26 thousands of CZK OZP 41 thousands of CZK ZPMV 36 thousands of CZK Voj. ZP 7 thousands of CZK
All above – mentioned liabilities were settled according to schedule to the 31. 1. 2014.
On the date of handover of final accounts built, up to 31. 12. 2013, the accounting entity embodies no liabilities to supply to organs pensio-nable and health safeguard, that would concern engagements payable to real account day.
Grants:
Accounting entity has brought to book during the year 2013 drawing of operational grant in the amount of 1 463 thousand of CZK as well as drawing of an investment grant in the amount of 12 577 thousand of CZK.
Bank credits:
The company has reserved general contract about rendition of services with Kommercial bank, a.s., in which is laid down a credit restric-tions in an amount of 130 000 thousands of CZK, the contract was entered of the day 26. 6. 2013, maturity date for obligarestric-tions arising from the said contract is 26. 6. 2014. To 31. 12. 2013 the company had drawn on those contract a credit in the amount of 95 000 thousands of CZK. Credit is ensured by bill in blank of company and pledge of outstanding debts.
At the same time the company has reserved a contract about granting of credit on investments in total height of 42 000 thousands of CZK, with maturity on 30. 6. 2016, balanced of this credit is 30 000 thousands of CZK to 31. 12. 2013. This credit is ensured by bill in blank of company.
This credits are ensured by Letter of Comfort issued Overlack AG. 5. Core capital:
Changes that have had along accounting period influence on increasing, or decrease shareholders‘ capital:
Stand
to 31. 12. 2012 Decrease -Increase + 31. 12. 2013Stand to
Core capital 163 069 + 7 901 170 970
Basic capital 105 500 105 500
Capital funds 28 316 + 1 808 30 124
Reserve fund 5 920 + 310 6 230
Trading income from last years 17 135 + 5 888 23 023
Trading income from the current fiscal period 6 198 - 105 6 093
Way of division of the profits from the previous accounting period:
Income from operations per annum 2013 was transferred on the account of undistributed profits from last years.
Basic capital of EURO – Šarm s pol s r.o.:
OVERLACK AG 77 980 thousands CZK
Ing. Oldřich Zahradník 27 500 thousands CZK
Peter Overlack 20 thousands CZK
Basic capital of the company is fully paid up. 6. Yields from common activities:
Type of activity (in thousands of CZK) Inland 2012 Inland 2013 Outland 2012 Outland 2013
Revenue from sales of products 6 627 7 621 2 530 8 462
Revenue from services 3 933 4 884 2 920 1 433
Revenue from sales of goods 893 674 874 154 59 190 60 935
Other operating revenue 4 105 4 076
TOTAL 908 339 890 735 64 640 70 830
In accounting period 2013 there were expended no expenses for research and development. Operations with allied persons
In the year 2013 company EURO – Šarm concluded dealings with kindred persons in following height: Sales of goods, products and services:
UAB OVERLACK 152 thousands of CZK
Overlack GmbH 191 thousands of CZK
Slovchema 55 337 thousands of CZK
Purchase of goods and products:
Overlack Sp. Z o.o. 48 thousands of CZK
Overlack GmbH 5 827 thousands of CZK
Amsperger Niederlaseug Overlack GmbH 42 thousands of CZK
Slovchema 3 535 thousands of CZK
These transactions have been concluded under the common market conditions. 7. Cash flow survey:
Survey about monetary flow is given in attachment No. 1.
Sent on the day:
Signature entry of the statutory organ of accounting entity:
Person responsible for book – keeping (name and signature)
Person responsible for final accounts (name and signature)
