Annual reports

Business Results 2010

PROFIT AND LOSS ACCOUNT 2010

	Business Plan	Fixed
	in CZK mil
Research & Technical Services	60.70	67.26
Pilot Production Revenues	100.00	123.05
Miscellaneous Revenues	5.50	6.87
Revenues from Merchandise	50.00	73.36
Total Revenues	216.20	270.54

Raw Material Costs	61.00	79.27
Overhead Material Costs	4.43	4.70
Personal Costs	65.80	69.47
Depreciation	7.60	7.59
Energy Consumption	4.50	4.93
Services	11.48	12.33
Taxes & Fees	0.15	0.20
Operating & Financial Expenses	7.94	6.32
Merchandise Sold	46.00	69.27
Total Costs	208.90	254.08

Gross Profit	7.30	16.46
Net Profit	6.00	13.06

BALANCE SHEET as at December 31, 2010				in TCZK
	TOTAL ASSETS			157 572
I.	Fixed Assets
		1.	Software	1 486
		2.	Land	11 829
		3.	Buildings	15 707
		4.	Movable Assets and Equipment	25 724
		5.	Other Chattel	144
	Total Fixed Assets			54 890

II.	Current Assets
		1.	Inventory	39 030
			1.1 Raw Material	34 625
			1.2 Finished Products	4 143
			1.3 Merchandise	0
			1.4 Merchandise	262
		2.	Current Receivables	38 563
			2.1 Receivables from Trading	37 673
			2.2 Receivables from State	222
			2.3 Other Receivables	668
		3.	Current Liquid Assets	24 770
			3.1 Cash	216
			3.2 Money in Banks	24 554
	Total Current Assets			102 363

III.	Deferred Charges and Prepaid Expences			319


	LIABILITIES			157 572
I.	Capital
		1.	Original Capital	97 000
		2.	Legal Reserves	9 700
		3.	Net Profit	13 326
		4.	Retained Earnings	1
	Total Capital			120 027

II.	Sources of Credit
		1.	Legal Reserve	5 000
		2.	Deferred Incom Taxes	1 605
		3.	Short Term Liabilities	30 573
			3.1 Trade Accounts Payable	20 631
			3.2 Obligation to employees	5 138
			3.3 Obligation to social and health insurance	2 832
			3.4 Obligation to state	1 422
			3.5 Other Liabilities	550
	Total Sources of Credit			37 178

III.	Deferred Charges			367