Consolidated financial statements

Financial highlights – consolidated

  PLN'000 PLN'000 EUR'000 EUR'000
The LOTOS Group
 
Year ended
Dec 31 2010
Year ended
Dec 31 2009
Year ended
Dec 31 2010
Year ended
Dec 31 2009
    (restated)   (restated)
Sales revenue 19,680,533 14,321,041 4,914,727 3,299,323
Operating profit 763,315 419,793 190,619 96,713
Pre-tax profit 721,939 1,109,608 180,286 255,635
Net profit from continuing operations 681,353 911,812 170,151 210,066
Profit from continuing operations attributable to owners of the Parent 679,180 900,761 169,608 207,520
Profit from continuing operations attributable to non-controlling interests 2,173 11,051 543 2,546
Total comprehensive income 678,609 928,661 169,466 213,948
Comprehensive income attributable to owners of the Parent 676,450 908,083 168,927 209,207
Comprehensive income attributable to non-controlling interests 2,159 20,578 539 4,741
Net cash provided by / (used in) operating activities 880,255 695,024 219,822 160,122
Net cash provided by (used in) investing activities (1,053,896) (3,333,619) (263,184) (768,009)
Net cash provided by/(used in) financing activities 447,706 2,181,465 111,804 502,572
Total net cash flow 272,095 (454,791) 67,949 (104,776)
Basic earnings per share (PLN/EUR) 5.23 7.44 1.31 1.71
Diluted earnings per share (PLN/EUR) - - - -
  PLN'000 PLN'000 EUR'000 EUR'000
  As at
Dec 31 2010
As at
Dec 31 2009
As at
Dec 31 2010
As at
Dec 31 2009
    (restated)   (restated)
Total assets 17,736,029 15,225,952 4,478,456 3,706,234
Equity attributable to
owners of the Parent
7,498,819 6,809,393 1,893,498 1,657,513
Non-controlling interests 14,658 36,752 3,701 8,946
Total equity 7,513,477 6,846,145 1,897,199 1,666,459

Items of the statement of financial position as at December 31st 2010, presented in the “Financial Highlights” table, were translated using the euro mid-exchange rate quoted by the National Bank of Poland for that date, i.e. EUR 1 = PLN 3.9603. Items of the statement of comprehensive income and the statement of cash flows for the year ended December 31st 2010, presented in the “Financial Highlights” table, were translated at the exchange rate of EUR 1 = PLN 4.0044 (the arithmetic mean of the mid-exchange rates quoted by the National Bank of Poland for the last day of each full month in the period January 1st – December 31st 2010).

Items of the statement of financial position as at December 31st 2009, presented in the “Financial Highlights” table, were translated using the euro mid-exchange rate quoted by the National Bank of Poland for that date, i.e. EUR 1 = PLN 4.1082. Items of the statement of comprehensive income and the statement of cash flows for the year ended December 31st 2009, presented in the “Financial Highlights” table, were translated at the exchange rate of EUR 1 = PLN 4.3406 (the arithmetic mean of the mid-exchange rates quoted by the National Bank of Poland for the last day of each full month in the period January 1st – December 31st 2009).

This is a translation of a document originally issued in Polish
The notes to the financial statements, presented on following pages, are their integral part.

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