Croatia Airlines, hrvatska zrakoplovna tvrtka d.d. financials
Croatia Airlines, hrvatska zrakoplovna tvrtka d.d.
Country: HR Reporting currency: HRK Latest annual report: 2022-12-31
LEI:
74780000B0QHXQ0LQW20 Financial statements
(HRK, as reported — unscaled; 94 line items across 2 annual periods)
| Line item | 2022 | 2021 |
|---|---|---|
| Income statement | ||
| Revenue | HRK 1.38B | HRK 713.5M |
| Other income | HRK 214.2M | HRK 143.3M |
| Operating expenses | -HRK 1.69B | -HRK 1.11B |
| Depreciation & amortisation | -HRK 161.3M | -HRK 203.6M |
| Operating profit (EBIT) | -HRK 96.2M | -HRK 249.5M |
| Net finance income / (cost) | -HRK 39.0M | -HRK 38.7M |
| Finance costs | -HRK 115.9M | -HRK 81.6M |
| Profit before tax | -HRK 135.1M | -HRK 288.2M |
| Profit for the year | -HRK 135.1M | -HRK 288.2M |
| Total comprehensive income | -HRK 134.3M | -HRK 287.5M |
| Per share | ||
| Basic EPS | HRK -2.15 | HRK -4.59 |
| Free cash flow / share | HRK 1.16 | HRK -1.56 |
| Cash flow statement | ||
| Cash generated from operations | HRK 31.5M | -HRK 55.7M |
| Net cash from operating activities | HRK 48.2M | -HRK 115.4M |
| Net cash from investing activities | -HRK 74.1M | -HRK 58.8M |
| Net cash from financing activities | HRK 289.6M | -HRK 88.6M |
| Proceeds from borrowings | HRK 94.0M | — |
| Repayments of borrowings | -HRK 12.8M | -HRK 12.8M |
| Lease liability payments | -HRK 87.6M | -HRK 75.8M |
| Balance sheet | ||
| Total assets | HRK 1.66B | HRK 1.42B |
| Non-current assets | HRK 848.6M | HRK 891.3M |
| Property, plant & equipment | HRK 223.3M | HRK 251.4M |
| Right-of-use assets | HRK 309.4M | HRK 400.6M |
| Intangible assets & goodwill | HRK 3.1M | HRK 2.5M |
| Current assets | HRK 814.8M | HRK 524.0M |
| Inventories | HRK 66.0M | HRK 60.0M |
| Trade & other receivables | HRK 89.8M | HRK 49.8M |
| Cash & equivalents | HRK 580.3M | HRK 316.7M |
| Total equity | HRK 92.5M | -HRK 69.2M |
| Non-current liabilities | HRK 1.07B | HRK 1.07B |
| Long-term borrowings | HRK 609.5M | HRK 532.6M |
| Lease liabilities (non-current) | HRK 218.4M | HRK 286.6M |
| Current liabilities | HRK 503.5M | HRK 419.4M |
| Current portion of long-term borrowings | HRK 22.2M | HRK 12.8M |
| Lease liabilities (current) | HRK 85.3M | HRK 83.3M |
| Derived metrics | ||
| Free cash flow | HRK 72.7M | -HRK 98.2M |
| Operating margin | -7.0% | -35.0% |
| Net margin | -9.8% | -40.4% |
| Return on equity | -146.1% | 416.6% |
| Cash conversion ratio | -0.36× | 0.40× |
| Capex coverage | -1.96× | 6.67× |
| Other reported items | ||
| Adjustments For Decrease Increase In Inventories | -HRK 5.9M | HRK 1.8M |
| Adjustments For Decrease Increase In Trade and Other Receivables | -HRK 7.0M | -HRK 31.2M |
| Adjustments For Depreciation and Amortisation Expense | HRK 161.3M | HRK 203.6M |
| Adjustments For Gain Loss On Disposals Property Plant and Equipment | -HRK 395.0K | -HRK 141.0K |
| Adjustments For Increase Decrease In Trade and Other Payables | HRK 64.2M | -HRK 46.4M |
| Adjustments For Interest Expense | HRK 22.5M | HRK 26.9M |
| Adjustments For Interest Income | -HRK 546.0K | -HRK 89.0K |
| Adjustments For Provisions | -HRK 1.5M | HRK 65.9M |
| Adjustments For Unrealised Foreign Exchange Losses Gains | HRK 2.7M | HRK 9.3M |
| Capital Reserve | HRK 298.7M | HRK 1.2M |
| Current Accruals and Current Deferred Income Including Current Contract Liabilities | HRK 66.7M | HRK 33.2M |
| Current Prepayments and Current Accrued Income Including Current Contract Assets | HRK 38.3M | HRK 17.0M |
| Current Provisions | HRK 28.0M | HRK 23.1M |
| Current Tax Assets | HRK 143.0K | HRK 143.0K |
| Current Tax Liabilities Current | — | HRK 4.0K |
| Disposals Intangible Assets Other Than Goodwill | — | HRK 7.0K |
| Effect of Exchange Rate Changes On Cash and Cash Equivalents | -HRK 111.0K | HRK 168.0K |
| Equity and Liabilities | HRK 1.66B | HRK 1.42B |
| Finance Income | HRK 76.9M | HRK 42.9M |
| Gains Losses On Cash Flow Hedges Before Tax | HRK 662.0K | HRK 349.0K |
| Gains Losses On Financial Assets Measured At Fair Value Through Other Comprehensive Income Before Tax | HRK 147.0K | HRK 402.0K |
| General and Administrative Expense | -HRK 91.3M | -HRK 91.6M |
| Income Taxes Paid Refund Classified As Operating Activities | -HRK 4.0K | HRK 9.0K |
| Increase Decrease In Cash and Cash Equivalents | HRK 263.7M | -HRK 262.9M |
| Interest Paid Classified As Operating Activities | -HRK 14.4M | -HRK 20.1M |
| Interest Received Classified As Operating Activities | HRK 547.0K | HRK 96.0K |
| Issued Capital | HRK 627.9M | HRK 627.9M |
| Longterm Deposits | HRK 70.3M | HRK 53.0M |
| Losses On Disposals of Property Plant and Equipment | HRK 4.5M | HRK 3.1M |
| Noncurrent Investments Other Than Investments Accounted For Using Equity Method | HRK 1.5M | HRK 1.3M |
| Noncurrent Prepayments | HRK 177.2M | HRK 182.4M |
| Noncurrent Provisions | HRK 239.5M | HRK 245.8M |
| Noncurrent Receivables | HRK 63.9M | HRK 61.0K |
| Other Comprehensive Income | HRK 809.0K | HRK 751.0K |
| Other Comprehensive Income Before Tax Exchange Differences On Translation Other Than Translation of Foreign Operations | HRK 52.0K | HRK 40.0K |
| Other Current Liabilities | HRK 204.5M | HRK 183.9M |
| Other Current Receivables | HRK 25.4M | HRK 17.8M |
| Other Expense By Nature | -HRK 14.0M | -HRK 13.0M |
| Other Noncurrent Liabilities | HRK 55.0K | HRK 55.0K |
| Other Revenue | HRK 104.1M | HRK 102.6M |
| Proceeds From Government Grants Classified As Investing Activities | — | HRK 2.8M |
| Proceeds From Issuing Other Equity Instruments | HRK 296.0M | — |
| Proceeds From Sales of Property Plant and Equipment Classified As Investing Activities | HRK 703.0K | HRK 1.0M |
| Purchase of Property Plant and Equipment Intangible Assets Other Than Goodwill Investment Property and Other Noncurrent Assets | -HRK 24.6M | -HRK 17.3M |
| Repairs and Maintenance Expense | -HRK 235.2M | -HRK 158.7M |
| Reserve of Exchange Differences On Translation | HRK 1.1M | HRK 1.1M |
| Retained Earnings Excluding Profit Loss For Reporting Period | -HRK 698.9M | -HRK 410.0M |
| Retained Earnings Profit Loss For Reporting Period | -HRK 135.1M | -HRK 288.2M |
| Revenue From Rendering of Cargo and Mail Transport Services | HRK 10.3M | HRK 8.1M |
| Revenue From Rendering of Passenger Transport Services | HRK 1.26B | HRK 602.8M |
| Sales and Marketing Expense | -HRK 169.0M | -HRK 102.1M |
| Shortterm Deposits Not Classified As Cash Equivalents | HRK 15.0M | HRK 62.7M |
| Trade and Other Current Payables To Trade Suppliers | HRK 96.7M | HRK 83.1M |
Methodology
Every line item above is a fact tagged in Croatia Airlines, hrvatska zrakoplovna tvrtka d.d.'s annual report
filed in the European Single Electronic Format (ESEF) under the IFRS
taxonomy (ifrs-full) — the income statement, balance sheet
and cash-flow statement as the filer reported them. Values are shown
as-is, in the reporting currency (HRK), without
rescaling; the row labels map to the underlying concept name (e.g.
Revenue → ifrs-full:Revenue, Operating profit →
ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS →
ifrs-full:DilutedEarningsLossPerShare), and any concept
without a curated label is shown under “Other reported items” with its
de-camel-cased tag name. Only consolidated, default-member facts are
shown (segment / dimensional breakdowns are excluded).
“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.
Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.