Annual reports

Business Results 2009

PROFIT AND LOSS ACCOUNT 2009

	Business Plan	Fixed
	in CZK mil
Research & Technical Services	61.50	62.95
Pilot Production Revenues	76.00	103.58
Miscellaneous Revenues	9.08	1.54
Revenues from Merchandise	50.00	54.00
Total Revenues	196.58	222.07

Raw Material Costs	46.00	61.51
Overhead Material Costs	4.00	4.47
Personal Costs	67.70	66.33
Depreciation	7.60	7.71
Energy Consumption	4.20	4.44
Services	10.12	9.77
Taxes & Fees	0.15	0.15
Operating & Financial Expenses	4.21	9.63
Merchandise Sold	46.60	48.47
Total Costs	190.58	212.48

Gross Profit	6.00	9.59
Net Profit	4.00	7.77

BALANCE SHEET as at December 31, 2009				in TCZK
	TOTAL ASSETS			140 081
I.	Fixed Assets
		1.	Software	744
		2.	Land	11 829
		3.	Buildings	16 332
		4.	Movable Assets and Equipment	23 087
		5.	Other Chattel	144
		6.	Uncompleted Investment	203
	Total Fixed Assets			52 339

II.	Current Assets
		1.	Inventory	24 138
			1.1 Raw Material	21 967
			1.2 Finished Products	2 441
			1.3 Merchandise	0
		2.	Current Receivables	30 947
			2.1 Recevables from Trading	30 031
			2.2 Recevables from State	207
			2.3 Other Receivables	709
		3.	Current Liquid Assets	32 207
			3.1 Cash	113
			3.2 Money in Banks	32 094
	Total Current Assets			87 292

III.	Deferred Charges and Prepaid Expences			450


	LIABILITIES			140 081
I.	Capital
		1.	Original Capital	97 000
		2.	Legal Reserves	9 700
		3.	Net Profit	7 771
		4.	Retained Earnings	1
	Total Capital			114 472

II.	Sources of Credit
		1.	Legal Reserve	2 500
		2.	Deferred Incom Taxes	1 315
		3.	Short Term Liabilities	21 763
			3.1 Trade Accounts Payable	13 767
			3.2 Obligation to social and health insurance	2 058
			3.3. Obligation to state	1 632
			3.4 Other Liabilities	4 306
	Total Sources of Credit			25 578

III.	Deferred Charges			31