VARTEKS varaždinska tekstilna industrija d.d. financials
VARTEKS varaždinska tekstilna industrija d.d.
Country: HR Reporting currency: HRK Latest annual report: 2022-12-31
LEI:
74780000Q0LH0TDGEO80 Financial statements
(HRK, as reported — unscaled; 128 line items across 2 annual periods)
| Line item | 2022 | 2021 |
|---|---|---|
| Income statement | ||
| Cost of sales | HRK 45.6M | HRK 57.5M |
| Operating expenses | HRK 140.2M | HRK 153.9M |
| Employee benefits expense | HRK 58.6M | HRK 57.7M |
| Raw materials & consumables used | HRK 30.1M | HRK 35.1M |
| Depreciation & amortisation | HRK 9.8M | HRK 9.3M |
| Operating profit (EBIT) | -HRK 12.5M | HRK 3.6M |
| Net finance income / (cost) | -HRK 10.4M | -HRK 8.5M |
| Profit before tax | -HRK 23.0M | -HRK 4.9M |
| Income tax expense | -HRK 2.1M | -HRK 5.3M |
| Profit for the year | -HRK 21.3M | HRK 485.0K |
| — attributable to owners | -HRK 21.3M | HRK 485.0K |
| — attributable to NCI | HRK 0 | HRK 0 |
| Total comprehensive income | -HRK 21.2M | HRK 29.7M |
| Per share | ||
| Basic EPS | HRK -4.24 | HRK 0.11 |
| Diluted EPS | HRK -4.24 | HRK 0.10 |
| Free cash flow / share | HRK -0.50 | HRK -12.22 |
| Cash flow statement | ||
| Cash generated from operations | HRK 3.1M | -HRK 54.2M |
| Net cash from operating activities | -HRK 1.2M | -HRK 58.0M |
| Net cash from investing activities | HRK 781.0K | HRK 36.2M |
| Purchase of PP&E (capex) | HRK 1.3M | HRK 1.3M |
| Net cash from financing activities | -HRK 4.5M | HRK 27.5M |
| Proceeds from borrowings | HRK 20.5M | HRK 64.6M |
| Repayments of borrowings | HRK 17.4M | HRK 42.8M |
| Lease liability payments | HRK 7.6M | HRK 5.8M |
| Balance sheet | ||
| Total assets | HRK 264.3M | HRK 308.9M |
| Non-current assets | HRK 192.2M | HRK 224.5M |
| Property, plant & equipment | HRK 12.1M | HRK 14.1M |
| Right-of-use assets | HRK 12.6M | HRK 15.6M |
| Inventories | HRK 33.5M | HRK 42.6M |
| Trade & other receivables | HRK 30.2M | HRK 30.1M |
| Cash & equivalents | HRK 1.5M | HRK 6.4M |
| Total equity | HRK 35.9M | HRK 57.1M |
| Non-current liabilities | HRK 80.5M | HRK 117.8M |
| Lease liabilities (non-current) | HRK 8.4M | HRK 12.2M |
| Lease liabilities (current) | HRK 5.2M | HRK 4.4M |
| Trade & other payables | HRK 24.4M | HRK 26.1M |
| Deferred tax liabilities | HRK 16.0M | HRK 18.1M |
| Derived metrics | ||
| Free cash flow | -HRK 2.5M | -HRK 59.3M |
| Return on equity | -59.4% | 0.8% |
| Cash conversion ratio | 0.06× | -119.58× |
| Capex coverage | -0.96× | -45.10× |
| Other reported items | ||
| Accruals and Deferred Income Including Contract Liabilities | HRK 1.4M | HRK 2.6M |
| Adjustments For Decrease Increase In Inventories | HRK 7.6M | HRK 7.2M |
| Adjustments For Decrease Increase In Other Operating Receivables | -HRK 561.0K | -HRK 1.6M |
| Adjustments For Decrease Increase In Trade Account Receivable | HRK 40.4M | -HRK 733.0K |
| Adjustments For Depreciation and Amortisation Expense | HRK 9.7M | HRK 9.3M |
| Adjustments For Fair Value Gains Losses | HRK 2.5M | HRK 1.8M |
| Adjustments For Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss Inventories | HRK 693.0K | HRK 520.0K |
| Adjustments For Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss Property Plant and Equipment | HRK 0 | -HRK 27.9M |
| Adjustments For Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss Trade and Other Receivables | HRK 171.0K | HRK 180.0K |
| Adjustments For Increase Decrease In Other Operating Payables | -HRK 21.2M | -HRK 28.7M |
| Adjustments For Increase Decrease In Trade and Other Payables | -HRK 760.0K | HRK 1.7M |
| Adjustments For Interest Expense | HRK 5.7M | HRK 8.6M |
| Adjustments For Interest Income | HRK 0 | -HRK 1.0K |
| Adjustments For Losses Gains On Disposal of Noncurrent Assets | -HRK 17.1M | -HRK 18.8M |
| Adjustments For Provisions | -HRK 924.0K | -HRK 630.0K |
| Adjustments For Unrealised Foreign Exchange Losses Gains | HRK 240.0K | -HRK 133.0K |
| Buildings | HRK 64.5M | HRK 72.4M |
| Capital Reserve | HRK 387.0K | HRK 386.0K |
| Cash | HRK 1.3M | HRK 6.4M |
| Changes In Inventories of Finished Goods and Work In Progress | HRK 5.8M | HRK 7.4M |
| Comprehensive Income Attributable To Noncontrolling Interests | HRK 0 | HRK 0 |
| Comprehensive Income Attributable To Owners of Parent | -HRK 21.2M | HRK 29.2M |
| Cost of Merchandise Sold | HRK 4.8M | HRK 7.4M |
| Current Advances | HRK 3.2M | HRK 168.0K |
| Current Assets Other Than Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners | HRK 70.0M | HRK 83.8M |
| Current Financial Assets | HRK 4.1M | HRK 2.8M |
| Current Liabilities Other Than Liabilities Included In Disposal Groups Classified As Held For Sale | HRK 141.8M | HRK 126.2M |
| Current Loans and Receivables | HRK 4.1M | HRK 2.8M |
| Current Payables On Social Security and Taxes Other Than Income Tax | HRK 10.0M | HRK 7.2M |
| Current Receivables Due From Associates | HRK 0 | HRK 0 |
| Current Recognised Liabilities Defined Benefit Plan | HRK 3.5M | HRK 4.3M |
| Current Tax Liabilities Current | HRK 40.0K | HRK 0 |
| Equity and Liabilities | HRK 264.3M | HRK 308.9M |
| Income Tax Relating To Changes In Revaluation Surplus of Other Comprehensive Income | — | HRK 6.4M |
| Income Taxes Paid Refund Classified As Operating Activities | -HRK 40.0K | HRK 76.0K |
| Increase Decrease In Cash and Cash Equivalents | -HRK 4.9M | HRK 5.7M |
| Intangible Assets Other Than Goodwill | HRK 1.2M | HRK 1.3M |
| Interest Paid Classified As Operating Activities | HRK 4.4M | HRK 3.7M |
| Investment Property | HRK 76.2M | HRK 86.5M |
| Investments In Subsidiaries Joint Ventures and Associates | HRK 0 | HRK 0 |
| Issue of Equity | — | HRK 9.2M |
| Issued Capital | HRK 50.3M | HRK 50.3M |
| Land | HRK 19.9M | HRK 27.1M |
| Liabilities Included In Disposal Groups Classified As Held For Sale | HRK 485.0K | HRK 0 |
| Miscellaneous Other Operating Expense | HRK 1.7M | HRK 2.4M |
| Miscellaneous Other Operating Income | HRK 21.5M | HRK 51.5M |
| Noncurrent Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners | HRK 1.7M | HRK 0 |
| Noncurrent Financial Assets | HRK 3.6M | HRK 5.8M |
| Noncurrent Loans and Receivables | HRK 3.6M | HRK 5.8M |
| Noncurrent Payables | HRK 0 | HRK 2.4M |
| Noncurrent Receivables | HRK 15.0K | HRK 38.0K |
| Other Adjustments For Noncash Items | HRK 0 | HRK 0 |
| Other Comprehensive Income | HRK 154.0K | HRK 29.2M |
| Other Comprehensive Income Before Tax Gains Losses On Remeasurements of Defined Benefit Plans | HRK 443.0K | -HRK 14.0K |
| Other Comprehensive Income Before Tax Gains Losses On Revaluation | — | HRK 35.7M |
| Other Comprehensive Income Net of Tax Gains Losses On Remeasurements of Defined Benefit Plans | HRK 443.0K | -HRK 14.0K |
| Other Comprehensive Income Net of Tax Gains Losses On Revaluation | HRK 0 | HRK 29.2M |
| Other Current Financial Liabilities | HRK 15.8M | HRK 30.5M |
| Other Current Nonfinancial Liabilities | HRK 5.2M | HRK 5.0M |
| Other Current Receivables | HRK 308.0K | HRK 1.2M |
| Other Expense By Nature | HRK 18.0M | HRK 18.5M |
| Other Income Expense From Subsidiaries Jointly Controlled Entities and Associates | HRK 0 | HRK 0 |
| Other Individually Immaterial Components of Other Comprehensive Income Net of Tax | -HRK 289.0K | HRK 4.0K |
| Other Intangible Assets | HRK 133.0K | HRK 133.0K |
| Other Noncurrent Assets | HRK 33.0K | HRK 136.0K |
| Other Noncurrent Financial Liabilities | HRK 52.8M | HRK 63.1M |
| Other Noncurrent Nonfinancial Assets | HRK 6.0K | HRK 6.0K |
| Other Noncurrent Nonfinancial Liabilities | HRK 1.2M | HRK 863.0K |
| Other Noncurrent Receivables | HRK 15.0K | HRK 38.0K |
| Other Reserves | HRK 174.0K | HRK 174.0K |
| Payments From Changes In Ownership Interests In Subsidiaries | HRK 0 | HRK 0 |
| Prepayments and Accrued Income Including Contract Assets | HRK 488.0K | HRK 628.0K |
| Proceeds From Issuing Shares | HRK 0 | HRK 9.2M |
| Proceeds From Sale Or Issue of Treasury Shares | HRK 0 | HRK 2.3M |
| Proceeds From Sales of Property Plant and Equipment Classified As Investing Activities | HRK 0 | HRK 37.5M |
| Profit Loss From Continuing Operations | -HRK 20.9M | HRK 485.0K |
| Profit Loss From Discontinued Operations | -HRK 460.0K | HRK 0 |
| Provisions | HRK 4.3M | HRK 5.2M |
| Retained Earnings Excluding Profit Loss For Reporting Period | -HRK 64.7M | -HRK 76.7M |
| Retained Earnings Profit Loss For Reporting Period | -HRK 20.9M | HRK 485.0K |
| Revaluation Surplus | HRK 72.7M | HRK 82.5M |
| Revenue and Operating Income | HRK 127.6M | HRK 157.5M |
| Revenue From Sale of Goods | HRK 106.1M | HRK 106.0M |
| Sale Or Issue of Treasury Shares | — | HRK 2.3M |
| Share of Profit Loss of Associates and Joint Ventures Accounted For Using Equity Method | HRK 0 | HRK 0 |
| Social Security Contributions | HRK 8.1M | HRK 7.8M |
| Wages and Salaries | HRK 39.2M | HRK 38.4M |
Methodology
Every line item above is a fact tagged in VARTEKS varaždinska tekstilna industrija 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.