Business Results 2002

PROFIT AND LOSS ACCOUNT 2002​

	Planned	Fixed
	in CZK mil
Research Contract Revenues	43.50	45.77
Pilot Production Revenues	71.00	81.00
Technical services	1.50	2.45
Miscellaneous Revenues	12.80	13.37
Revenues from Merchandise	25.60	36.80
Total Revenues	154.40	179.39
Raw Material Costs	35.00	47.64
Overhead Material Costs	5.70	5.80
Personal Costs	45.00	45.00
Depreciation	10.00	9.34
Energy Consumption	3.00	3.12
Services	19.80	23.13
Taxes and Fees	0.30	0.14
Operating Expenses	2.00	1.26
Financial Expenses	1.00	2.46
Merchandise Sold	23.00	31.86
Total Costs	144.80	169.75
Gross Profit	9.60	9.64
Net Profit	8.00	8.05


BALANCE SHEET as at 31st December 2002 


	ASSETS			in TCZK
I.	Fixed Assets	1.	Buildings	15 119
		2.	Instruments and Equipment	23 693
		3.	Automobiles	1 568
		4.	Other Fixed Assets	1 161
		5.	Land	11 829
		6.	Intangible Assets	776
		7.	Acquisition of Tangible Fixed Assets	557
	Total Fixed Assets			54 703
II.	Current Assets	1.	Inventories	22 413
			- raw material	19 392
			- finished products	2 561
			- work in progress	207
			- merchandise	253
		2.	Accounts Receivable	37 990
			- trade accounts receivable	37 128
			- other receivables	862
		3.	Advancements to Suppliers	0
		4.	Cash on hand and in Bank	16 698
		5.	Provisions	2 075
	Total Current Assets			79 176
	TOTAL ASSETS			133 879
	LIABILITIES
I.	Capital	1.	Net Worth	97 000
		2.	Reserves	7 912
		3.	Social Fund	63
		4.	Undivided Profit	6 056
		5.	Net profit	8 047
	Total Capital Employed			119 078
II.	Short Term Liabilities	1.	Accounts Payable	7 721
		2.	Payment Obligations to Employees	1 582
		3.	Salary Taxes	3 356
		4.	Other Liabilities	1 876
	Total Short Term Liabilities			14 535
III.	Other Resources	1.	Reserves for Maintenance	0
		2.	Estimated Payables	266
	Total Other Resources			266
	TOTAL LIABILITIES			133 879