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<title>Welcome to PLIVA d.d. Zagreb Croatia</title> |
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<td width="60%" valign="top"><p ALIGN="left"><br> |
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<font face="Arial" color="#000080" size="2"><b> PLIVA GROUP |
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1998 FULL YEAR RESULTS - Financial Figures</b></font></p> |
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|
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|
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<p ALIGN="JUSTIFY"><font face="Arial" size="2" color="#000080"><b> Zagreb, 12th April 1999</b></font></p> |
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<table> |
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<col width="282" style="mso-width-source:userset;mso-width-alt:10313;width:212pt"> |
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<col width="82" style="mso-width-source:userset;mso-width-alt:2998;width:62pt"> |
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<col width="89" style="mso-width-source:userset;mso-width-alt:3254;width:67pt"> |
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<tr height="32" style="mso-height-source:userset;height:24.0pt"> |
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<td height="32" colspan="3" class="xl71" align="center" width="453" style="height:24.0pt; |
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mso-ignore:colspan;width:341pt"><b><font face="Arial" size="3">Consolidated Profit and Loss Account</font></b></td> |
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</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" colspan="3" class="xl24" align="center" style="height:12.75pt; |
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mso-ignore:colspan"><font face="Arial" size="2">(In accordance with IAS)</font></td> |
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</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl24" style="height:12.75pt"></td> |
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<td class="xl25"></td> |
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<td class="xl24"></td> |
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</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl23" style="height:12.75pt"></td> |
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<td class="xl25"></td> |
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<td class="xl23"></td> |
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</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl23" style="height:12.75pt" colspan="3"> |
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<p align="right"><font face="Arial" size="2">For the years ended |
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31 December</font></p> |
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</td> |
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</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl23" style="height:12.75pt"></td> |
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<td class="xl25"></td> |
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<td class="xl23"></td> |
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</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl26" style="height:12.75pt"></td> |
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<td colspan="2" class="xl57" align="center" style="mso-ignore:colspan"><font face="Arial" size="2"><b>PLIVA |
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Group</b></font></td> |
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</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl22" style="height:12.75pt"></td> |
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<td class="xl59"></td> |
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<td class="xl23"></td> |
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</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl22" style="height:12.75pt"></td> |
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<td class="xl72" x:num align="center"><font face="Arial" size="2"><b>1998</b></font></td> |
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<td class="xl72" x:num align="center"><font face="Arial" size="2"><b>1997</b></font></td> |
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</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl22" style="height:12.75pt"></td> |
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<td class="xl79" align="center"><font face="Arial" size="2">HRK '000</font></td> |
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<td class="xl79" align="center"><font face="Arial" size="2">HRK '000</font></td> |
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</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl22" style="height:12.75pt"></td> |
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<td class="xl58"></td> |
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<td class="xl58"></td> |
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</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl27" style="height:12.75pt"><font face="Arial" size="2"><b>TURNOVER</b></font></td> |
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<td class="xl54" align="right" x:num="3575697.1"><font face="Arial" size="2"><b>3.575.697</b></font></td> |
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<td class="xl27" align="right" x:num="2846889" x:fmla="=C14+C20+C21"><font face="Arial" size="2"><b>2.846.889</b></font></td> |
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</tr> |
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<tr height="8" style="mso-height-source:userset;height:6.0pt"> |
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<td height="8" class="xl27" style="height:6.0pt"></td> |
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<td class="xl28"></td> |
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<td class="xl28"></td> |
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</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl27" style="height:12.75pt"><font face="Arial" size="2"><b>Sales</b></font></td> |
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<td class="xl27" align="right" x:num="2945390" x:fmla="=SUM(B15:B19)"><font face="Arial" size="2"><b>2.945.390</b></font></td> |
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<td class="xl27" align="right" x:num="2421580" x:fmla="=SUM(C15:C19)"><font face="Arial" size="2"><b>2.421.580</b></font></td> |
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</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl29" style="height:12.75pt"><span style="mso-spacerun: |
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yes"><font face="Arial" size="2"> </font></span><font face="Arial" size="2">- Pharmaceuticals</font></td> |
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<td class="xl29" align="right" x:num="1821916"><font face="Arial" size="2">1.821.916</font></td> |
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<td class="xl29" align="right" x:num="1350986"><font face="Arial" size="2">1.350.986</font></td> |
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</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl29" style="height:12.75pt"><span style="mso-spacerun: |
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yes"><font face="Arial" size="2"> </font></span><font face="Arial" size="2">- Bulk pharmaceuticals</font></td> |
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<td class="xl29" align="right" x:num="489287"><font face="Arial" size="2">489.287</font></td> |
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<td class="xl29" align="right" x:num="460076"><font face="Arial" size="2">460.076</font></td> |
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</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl29" style="height:12.75pt"><span style="mso-spacerun: |
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yes"><font face="Arial" size="2"> </font></span><font face="Arial" size="2">- Animal health and agrochemicals</font></td> |
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<td class="xl29" align="right" x:num="199167"><font face="Arial" size="2">199.167</font></td> |
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<td class="xl29" align="right" x:num="174692"><font face="Arial" size="2">174.692</font></td> |
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</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl29" style="height:12.75pt"><span style="mso-spacerun: |
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yes"><font face="Arial" size="2"> </font></span><font face="Arial" size="2">- Foodstuffs</font></td> |
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<td class="xl29" align="right" x:num="299597"><font face="Arial" size="2">299.597</font></td> |
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<td class="xl29" align="right" x:num="314327"><font face="Arial" size="2">314.327</font></td> |
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</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl29" style="height:12.75pt"><span style="mso-spacerun: |
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yes"><font face="Arial" size="2"> </font></span><font face="Arial" size="2">- Cosmetics and hygiene products</font></td> |
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<td class="xl29" align="right" x:num="135423"><font face="Arial" size="2">135.423</font></td> |
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<td class="xl29" align="right" x:num="121499"><font face="Arial" size="2">121.499</font></td> |
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</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl27" style="height:12.75pt"><font face="Arial" size="2"><b>Royalties</b></font></td> |
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<td class="xl70" align="right" x:num="566554"><font face="Arial" size="2"><b>566.554</b></font></td> |
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<td class="xl70" align="right" x:num="338671"><font face="Arial" size="2"><b>338.671</b></font></td> |
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</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl27" style="height:12.75pt"><font face="Arial" size="2"><b>Others</b></font></td> |
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<td class="xl70" align="right" x:num="63753"><font face="Arial" size="2"><b>63.753</b></font></td> |
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<td class="xl70" align="right" x:num="86638"><font face="Arial" size="2"><b>86.638</b></font></td> |
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</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl31" style="height:12.75pt"></td> |
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<td class="xl32"></td> |
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<td class="xl32"></td> |
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</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl60" style="height:12.75pt"><font face="Arial" size="2"><b>Cost of sales</b></font></td> |
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<td class="xl61" align="right" x:num="1241466"><font face="Arial" size="2"><b>1.241.466</b></font></td> |
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<td class="xl33" align="right" x:num="1034183"><font face="Arial" size="2"><b>1.034.183</b></font></td> |
190 |
</tr> |
191 |
<tr height="17" style="height:12.75pt"> |
192 |
<td height="17" class="xl23" style="height:12.75pt"></td> |
193 |
<td class="xl62"></td> |
194 |
<td class="xl34"></td> |
195 |
</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl27" style="height:12.75pt"><font face="Arial" size="2"><b>GROSS PROFIT</b></font></td> |
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<td class="xl43" align="right" x:num="2334231.1" x:fmla="=B12-B23"><font face="Arial" size="2"><b>2.334.231</b></font></td> |
199 |
<td class="xl27" align="right" x:num="1812706" x:fmla="=C12-C23"><font face="Arial" size="2"><b>1.812.706</b></font></td> |
200 |
</tr> |
201 |
<tr height="17" style="height:12.75pt"> |
202 |
<td height="17" class="xl35" style="height:12.75pt"></td> |
203 |
<td class="xl36"></td> |
204 |
<td class="xl36"></td> |
205 |
</tr> |
206 |
<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl63" style="height:12.75pt"><font face="Arial" size="2">Selling, general and |
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administrative expenses</font></td> |
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<td class="xl30" align="right" x:num="1073415" x:fmla="=1042322+31093"><font face="Arial" size="2">1.073.415</font></td> |
210 |
<td class="xl37" align="right" x:num="883471"><font face="Arial" size="2">883.471</font></td> |
211 |
</tr> |
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<tr height="17" style="height:12.75pt"> |
213 |
<td height="17" class="xl29" style="height:12.75pt"><font face="Arial" size="2">Research and development |
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expenses</font></td> |
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<td class="xl64" x:num="150572"> |
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<p align="right"><font face="Arial" size="2">150.572</font></p> |
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</td> |
218 |
<td class="xl38" x:num="133930"> |
219 |
<p align="right"><font face="Arial" size="2">133.930</font></p> |
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</td> |
221 |
</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl63" style="height:12.75pt"><font face="Arial" size="2">Provisions</font></td> |
224 |
<td class="xl41" align="right" x:num="30817"><font face="Arial" size="2">30.817</font></td> |
225 |
<td class="xl29" align="right" x:num="31963"><font face="Arial" size="2">31.963</font></td> |
226 |
</tr> |
227 |
<tr height="17" style="height:12.75pt"> |
228 |
<td height="17" class="xl23" style="height:12.75pt"></td> |
229 |
<td class="xl40"></td> |
230 |
<td class="xl40"></td> |
231 |
</tr> |
232 |
<tr height="17" style="height:12.75pt"> |
233 |
<td height="17" class="xl27" style="height:12.75pt"><font face="Arial" size="2"><b>EARNINGS BEFORE INTEREST |
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AND TAX</b></font></td> |
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<td class="xl43" align="right" x:num="1079427.1" x:fmla="=B25-B27-B28-B29"><font face="Arial" size="2"><b>1.079.427</b></font></td> |
236 |
<td class="xl43" align="right" x:num="763342" x:fmla="=C25-C27-C28-C29"><font face="Arial" size="2"><b>763.342</b></font></td> |
237 |
</tr> |
238 |
<tr height="17" style="height:12.75pt"> |
239 |
<td height="17" class="xl27" style="height:12.75pt"></td> |
240 |
<td class="xl65"></td> |
241 |
<td class="xl40"></td> |
242 |
</tr> |
243 |
<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl23" style="height:12.75pt"><font face="Arial" size="2">Financial |
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income/(expenses)</font></td> |
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<td class="xl66" x:num="9533" align="right"><font face="Arial" size="2">9.533</font></td> |
247 |
<td class="xl39" x:num="45095" align="right"><font face="Arial" size="2">45.095</font></td> |
248 |
</tr> |
249 |
<tr height="17" style="height:12.75pt"> |
250 |
<td height="17" class="xl23" style="height:12.75pt"><font face="Arial" size="2">Foreign exchange |
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currency gains/(losses)</font></td> |
252 |
<td class="xl66" x:num="4377" align="right"><font face="Arial" size="2">4.377</font></td> |
253 |
<td class="xl39" x:num="71401" align="right"><font face="Arial" size="2">71.401</font></td> |
254 |
</tr> |
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<tr height="17" style="height:12.75pt"> |
256 |
<td height="17" class="xl23" style="height:12.75pt"></td> |
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<td class="xl42"></td> |
258 |
<td class="xl42"></td> |
259 |
</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl27" style="height:12.75pt"><font face="Arial" size="2"><b>PROFIT BEFORE TAXES AND |
262 |
CONTRIBUTIONS</b></font></td> |
263 |
<td class="xl43" align="right" x:num="1093337.1" x:fmla="=B31+B33+B34"><font face="Arial" size="2"><b>1.093.337</b></font></td> |
264 |
<td class="xl43" align="right" x:num="879838" x:fmla="=C31+C33+C34"><font face="Arial" size="2"><b>879.838</b></font></td> |
265 |
</tr> |
266 |
<tr height="17" style="height:12.75pt"> |
267 |
<td height="17" class="xl23" style="height:12.75pt"></td> |
268 |
<td class="xl40"></td> |
269 |
<td class="xl40"></td> |
270 |
</tr> |
271 |
<tr height="17" style="height:12.75pt"> |
272 |
<td height="17" class="xl23" style="height:12.75pt"><font face="Arial" size="2">Taxes and contributions</font></td> |
273 |
<td class="xl29" align="right" x:num="386914"><font face="Arial" size="2">386.914</font></td> |
274 |
<td class="xl44" x:num="275519"> |
275 |
<p align="right"><font face="Arial" size="2">275.519</font></p> |
276 |
</td> |
277 |
</tr> |
278 |
<tr height="17" style="height:12.75pt"> |
279 |
<td height="17" class="xl23" style="height:12.75pt"></td> |
280 |
<td class="xl40"></td> |
281 |
<td class="xl40"></td> |
282 |
</tr> |
283 |
<tr height="17" style="height:12.75pt"> |
284 |
<td height="17" class="xl22" style="height:12.75pt"><font face="Arial" size="2"><b>PROFIT AFTER TAX</b></font></td> |
285 |
<td class="xl43" align="right" x:num="706423.1" x:fmla="=B36-B38"><font face="Arial" size="2"><b>706.423</b></font></td> |
286 |
<td class="xl43" align="right" x:num="604319" x:fmla="=C36-C38"><font face="Arial" size="2"><b>604.319</b></font></td> |
287 |
</tr> |
288 |
<tr height="17" style="height:12.75pt"> |
289 |
<td height="17" class="xl23" style="height:12.75pt"></td> |
290 |
<td class="xl40"></td> |
291 |
<td class="xl40"></td> |
292 |
</tr> |
293 |
<tr height="17" style="height:12.75pt"> |
294 |
<td height="17" class="xl23" style="height:12.75pt"><font face="Arial" size="2">Minority interest</font></td> |
295 |
<td class="xl41" align="right" x:num="17576"><font face="Arial" size="2">17.576</font></td> |
296 |
<td class="xl41" align="right" x:num="1165"><font face="Arial" size="2">1.165</font></td> |
297 |
</tr> |
298 |
<tr height="17" style="height:12.75pt"> |
299 |
<td height="17" class="xl23" style="height:12.75pt"></td> |
300 |
<td class="xl40"></td> |
301 |
<td class="xl40"></td> |
302 |
</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl22" style="height:12.75pt"><font face="Arial" size="2"><b>NET PROFIT FROM ORDINARY |
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ACTIVITIES</b></font></td> |
306 |
<td class="xl43" align="right" x:num="688847.1" x:fmla="=B40-B42"><font face="Arial" size="2"><b>688.847</b></font></td> |
307 |
<td class="xl43" align="right" x:num="603154" x:fmla="=C40-C42"><font face="Arial" size="2"><b>603.154</b></font></td> |
308 |
</tr> |
309 |
<tr height="17" style="height:12.75pt"> |
310 |
<td height="17" class="xl22" style="height:12.75pt"></td> |
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<td class="xl45"></td> |
312 |
<td class="xl23"></td> |
313 |
</tr> |
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<tr height="17" style="height:12.75pt"> |
315 |
<td height="17" class="xl23" style="height:12.75pt"></td> |
316 |
<td class="xl42"></td> |
317 |
<td class="xl23"></td> |
318 |
</tr> |
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<tr height="17" style="height:12.75pt"> |
320 |
<td height="17" class="xl23" style="height:12.75pt"></td> |
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<td class="xl42"></td> |
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<td class="xl23"></td> |
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</tr> |
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<tr height="17" style="height:12.75pt"> |
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<td height="17" class="xl23" style="height:12.75pt"></td> |
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<td class="xl80" align="right"><font face="Arial" size="2"><u><b>HRK</b></u></font></td> |
327 |
<td class="xl81" align="right"> |
328 |
<p align="right"><font face="Arial" size="2"><u><b>HRK</b></u></font></p> |
329 |
</td> |
330 |
</tr> |
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<tr height="20" style="mso-height-source:userset;height:15.0pt"> |
332 |
<td height="20" class="xl23" style="height:15.0pt"><font face="Arial" size="2">Earnings per share</font></td> |
333 |
<td class="xl68" x:num="34.57" align="right"><font face="Arial" size="2">34,57</font></td> |
334 |
<td class="xl69" align="right" x:num="29.97"><font face="Arial" size="2">29,97</font></td> |
335 |
</tr> |
336 |
<tr height="20" style="mso-height-source:userset;height:15.0pt"> |
337 |
<td height="20" class="xl23" style="height:15.0pt"><font face="Arial" size="2">Dividend per share</font></td> |
338 |
<td class="xl68" x:num="7.35" align="right"><font face="Arial" size="2">7,35</font></td> |
339 |
<td class="xl69" align="right" x:num="7"><font face="Arial" size="2">7,00</font></td> |
340 |
</tr> |
341 |
<tr height="5" style="page-break-before:always;mso-height-source:userset; |
342 |
height:3.95pt"> |
343 |
<td height="5" class="xl23" style="height:3.95pt"></td> |
344 |
<td class="xl42"></td> |
345 |
<td class="xl23"></td> |
346 |
</tr> |
347 |
<tr height="31" style="height:23.25pt"> |
348 |
<td height="31" colspan="3" class="xl71" align="center" style="height:23.25pt; |
349 |
mso-ignore:colspan"><b><font face="Arial" size="3">Consolidated Balance Sheet</font></b></td> |
350 |
</tr> |
351 |
<tr height="17" style="height:12.75pt"> |
352 |
<td height="17" colspan="3" class="xl24" align="center" style="height:12.75pt; |
353 |
mso-ignore:colspan"><font face="Arial" size="2">(In accordance with IAS)</font></td> |
354 |
</tr> |
355 |
<tr height="17" style="height:12.75pt"> |
356 |
<td height="17" class="xl24" style="height:12.75pt"></td> |
357 |
<td class="xl25"></td> |
358 |
<td class="xl24"></td> |
359 |
</tr> |
360 |
<tr height="17" style="height:12.75pt"> |
361 |
<td height="17" class="xl23" style="height:12.75pt"></td> |
362 |
<td class="xl25"></td> |
363 |
<td class="xl23"></td> |
364 |
</tr> |
365 |
<tr height="17" style="height:12.75pt"> |
366 |
<td height="17" class="xl23" style="height:12.75pt" colspan="3" align="right"><font face="Arial" size="2">For the years ended |
367 |
31 December</font></td> |
368 |
</tr> |
369 |
<tr height="17" style="height:12.75pt"> |
370 |
<td height="17" class="xl23" style="height:12.75pt"></td> |
371 |
<td class="xl25"></td> |
372 |
<td class="xl23"></td> |
373 |
</tr> |
374 |
<tr height="17" style="height:12.75pt"> |
375 |
<td height="17" class="xl26" style="height:12.75pt"></td> |
376 |
<td colspan="2" class="xl57" align="center" style="mso-ignore:colspan"><font face="Arial" size="2"><b>PLIVA |
377 |
Group</b></font></td> |
378 |
</tr> |
379 |
<tr height="17" style="height:12.75pt"> |
380 |
<td height="17" class="xl22" style="height:12.75pt"></td> |
381 |
<td class="xl59"></td> |
382 |
<td class="xl23"></td> |
383 |
</tr> |
384 |
<tr height="17" style="height:12.75pt"> |
385 |
<td height="17" class="xl22" style="height:12.75pt"></td> |
386 |
<td class="xl72" x:num align="center"><font face="Arial" size="2"><b>1998</b></font></td> |
387 |
<td class="xl72" x:num align="center"><font face="Arial" size="2"><b>1997</b></font></td> |
388 |
</tr> |
389 |
<tr height="17" style="height:12.75pt"> |
390 |
<td height="17" class="xl22" style="height:12.75pt"></td> |
391 |
<td class="xl79" align="center"><font face="Arial" size="2">HRK '000</font></td> |
392 |
<td class="xl79" align="center"><font face="Arial" size="2">HRK '000</font></td> |
393 |
</tr> |
394 |
<tr height="21" style="height:15.75pt"> |
395 |
<td height="21" class="xl77" style="height:15.75pt"><font face="Arial" size="2"><b>ASSETS</b></font></td> |
396 |
<td class="xl58"></td> |
397 |
<td class="xl58"></td> |
398 |
</tr> |
399 |
<tr height="17" style="height:12.75pt"> |
400 |
<td height="17" class="xl23" style="height:12.75pt"></td> |
401 |
<td class="xl72"></td> |
402 |
<td class="xl23"></td> |
403 |
</tr> |
404 |
<tr height="17" style="height:12.75pt"> |
405 |
<td height="17" class="xl22" style="height:12.75pt"><font face="Arial" size="2"><b>Non-current assets</b></font></td> |
406 |
<td class="xl72"></td> |
407 |
<td class="xl23"></td> |
408 |
</tr> |
409 |
<tr height="17" style="height:12.75pt"> |
410 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Goodwill</font></td> |
411 |
<td class="xl41" align="right" x:num="430277"><font face="Arial" size="2">430.277</font></td> |
412 |
<td class="xl41" align="right" x:num="447531"><font face="Arial" size="2">447.531</font></td> |
413 |
</tr> |
414 |
<tr height="17" style="height:12.75pt"> |
415 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Investment</font></td> |
416 |
<td class="xl41" align="right" x:num="245299"><font face="Arial" size="2">245.299</font></td> |
417 |
<td class="xl41" align="right" x:num="135048"><font face="Arial" size="2">135.048</font></td> |
418 |
</tr> |
419 |
<tr height="17" style="height:12.75pt"> |
420 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Long-term receivables</font></td> |
421 |
<td class="xl41" align="right" x:num="236615"><font face="Arial" size="2">236.615</font></td> |
422 |
<td class="xl41" align="right" x:num="65652"><font face="Arial" size="2">65.652</font></td> |
423 |
</tr> |
424 |
<tr height="17" style="height:12.75pt"> |
425 |
<td height="17" class="xl23" style="height:12.75pt"><font face="Arial" size="2">Tangible fixed assets</font></td> |
426 |
<td class="xl41" align="right" x:num="2252226"><font face="Arial" size="2">2.252.226</font></td> |
427 |
<td class="xl41" align="right" x:num="1948934"><font face="Arial" size="2">1.948.934</font></td> |
428 |
</tr> |
429 |
<tr height="17" style="height:12.75pt"> |
430 |
<td height="17" class="xl22" style="height:12.75pt"><font face="Arial" size="2"><b>Total non-current assets</b></font></td> |
431 |
<td class="xl43" align="right" x:num="3164417" x:fmla="=SUM(B65:B68)"><font face="Arial" size="2"><b>3.164.417</b></font></td> |
432 |
<td class="xl43" align="right" x:num="2597165" x:fmla="=SUM(C65:C68)"><font face="Arial" size="2"><b>2.597.165</b></font></td> |
433 |
</tr> |
434 |
<tr height="17" style="height:12.75pt"> |
435 |
<td height="17" class="xl22" style="height:12.75pt"></td> |
436 |
<td class="xl43"></td> |
437 |
<td class="xl27"></td> |
438 |
</tr> |
439 |
<tr height="17" style="height:12.75pt"> |
440 |
<td height="17" class="xl22" style="height:12.75pt"><font face="Arial" size="2"><b>Current assets</b></font></td> |
441 |
<td class="xl41"></td> |
442 |
<td class="xl41"></td> |
443 |
</tr> |
444 |
<tr height="17" style="height:12.75pt"> |
445 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Inventories</font></td> |
446 |
<td class="xl50" align="right" x:num="592045"><font face="Arial" size="2">592.045</font></td> |
447 |
<td class="xl48" align="right" x:num="525194"><font face="Arial" size="2">525.194</font></td> |
448 |
</tr> |
449 |
<tr height="17" style="height:12.75pt"> |
450 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Marketable securities</font></td> |
451 |
<td class="xl50" align="right" x:num="195974"><font face="Arial" size="2">195.974</font></td> |
452 |
<td class="xl48" align="right" x:num><font face="Arial" size="2">0</font></td> |
453 |
</tr> |
454 |
<tr height="17" style="height:12.75pt"> |
455 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Accounts receivable</font></td> |
456 |
<td class="xl30" align="right" x:num="1146328"><font face="Arial" size="2">1.146.328</font></td> |
457 |
<td class="xl48" align="right" x:num="818569"><font face="Arial" size="2">818.569</font></td> |
458 |
</tr> |
459 |
<tr height="17" style="height:12.75pt"> |
460 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Short term loans</font></td> |
461 |
<td class="xl30" align="right" x:num="83456"><font face="Arial" size="2">83.456</font></td> |
462 |
<td class="xl30" align="right" x:num="52098"><font face="Arial" size="2">52.098</font></td> |
463 |
</tr> |
464 |
<tr height="17" style="height:12.75pt"> |
465 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Cash and cash |
466 |
equivalents</font></td> |
467 |
<td class="xl50" align="right" x:num="164054"><font face="Arial" size="2">164.054</font></td> |
468 |
<td class="xl48" align="right" x:num="173166"><font face="Arial" size="2">173.166</font></td> |
469 |
</tr> |
470 |
<tr height="17" style="height:12.75pt"> |
471 |
<td height="17" class="xl22" style="height:12.75pt"><font face="Arial" size="2"><b>Total current assets</b></font></td> |
472 |
<td class="xl49" align="right" x:num="2181857" x:fmla="=SUM(B72:B76)"><font face="Arial" size="2"><b>2.181.857</b></font></td> |
473 |
<td class="xl49" align="right" x:num="1569027" x:fmla="=SUM(C72:C76)"><font face="Arial" size="2"><b>1.569.027</b></font></td> |
474 |
</tr> |
475 |
<tr height="17" style="height:12.75pt"> |
476 |
<td height="17" class="xl23" style="height:12.75pt"></td> |
477 |
<td class="xl73"></td> |
478 |
<td class="xl50"></td> |
479 |
</tr> |
480 |
<tr height="17" style="height:12.75pt"> |
481 |
<td height="17" class="xl22" style="height:12.75pt"><font face="Arial" size="2"><b>TOTAL ASSETS</b></font></td> |
482 |
<td class="xl27" align="right" x:num="5346274" x:fmla="=B69+B77"><font face="Arial" size="2"><b>5.346.274</b></font></td> |
483 |
<td class="xl27" align="right" x:num="4166192" x:fmla="=C69+C77"><font face="Arial" size="2"><b>4.166.192</b></font></td> |
484 |
</tr> |
485 |
<tr height="17" style="height:12.75pt"> |
486 |
<td height="17" class="xl23" style="height:12.75pt"></td> |
487 |
<td class="xl73"></td> |
488 |
<td class="xl50"></td> |
489 |
</tr> |
490 |
<tr height="17" style="height:12.75pt"> |
491 |
<td height="17" class="xl22" style="height:12.75pt"><font face="Arial" size="2"><b>Long-term liabilities</b></font></td> |
492 |
<td class="xl73"></td> |
493 |
<td class="xl50"></td> |
494 |
</tr> |
495 |
<tr height="17" style="height:12.75pt"> |
496 |
<td height="17" class="xl23" style="height:12.75pt"><font face="Arial" size="2">Long-term debt</font></td> |
497 |
<td class="xl50" align="right" x:num="760800"><font face="Arial" size="2">760.800</font></td> |
498 |
<td class="xl51" align="right" x:num="208130"><font face="Arial" size="2">208.130</font></td> |
499 |
</tr> |
500 |
<tr height="17" style="height:12.75pt"> |
501 |
<td height="17" class="xl23" style="height:12.75pt"><font face="Arial" size="2">Provisions for deferred |
502 |
taxes</font></td> |
503 |
<td class="xl50" align="right" x:num="22253"><font face="Arial" size="2">22.253</font></td> |
504 |
<td class="xl51" align="right" x:num="14502"><font face="Arial" size="2">14.502</font></td> |
505 |
</tr> |
506 |
<tr height="17" style="height:12.75pt"> |
507 |
<td height="17" class="xl22" style="height:12.75pt"><font face="Arial" size="2"><b>Total long-term |
508 |
liabilities</b></font></td> |
509 |
<td class="xl43" align="right" x:num="783053"><font face="Arial" size="2"><b>783.053</b></font></td> |
510 |
<td class="xl27" align="right" x:num="222632"><font face="Arial" size="2"><b>222.632</b></font></td> |
511 |
</tr> |
512 |
<tr height="17" style="height:12.75pt"> |
513 |
<td height="17" class="xl23" style="height:12.75pt"></td> |
514 |
<td class="xl50"></td> |
515 |
<td class="xl51"></td> |
516 |
</tr> |
517 |
<tr height="17" style="height:12.75pt"> |
518 |
<td height="17" class="xl22" style="height:12.75pt"><font face="Arial" size="2"><b>Current liabilities</b></font></td> |
519 |
<td class="xl50"></td> |
520 |
<td class="xl51"></td> |
521 |
</tr> |
522 |
<tr height="17" style="height:12.75pt"> |
523 |
<td height="17" class="xl23" style="height:12.75pt"><font face="Arial" size="2">Accounts payable</font></td> |
524 |
<td class="xl50" align="right" x:num="455771"><font face="Arial" size="2">455.771</font></td> |
525 |
<td class="xl51" align="right" x:num="363671"><font face="Arial" size="2">363.671</font></td> |
526 |
</tr> |
527 |
<tr height="17" style="height:12.75pt"> |
528 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Short-term loans</font></td> |
529 |
<td class="xl50" align="right" x:num="200335"><font face="Arial" size="2">200.335</font></td> |
530 |
<td class="xl47" align="right" x:num><font face="Arial" size="2">21</font></td> |
531 |
</tr> |
532 |
<tr height="17" style="height:12.75pt"> |
533 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Commercial papers issued</font></td> |
534 |
<td class="xl50" align="right" x:num="81988"><font face="Arial" size="2">81.988</font></td> |
535 |
<td class="xl47" align="right" x:num><font face="Arial" size="2">0</font></td> |
536 |
</tr> |
537 |
<tr height="17" style="height:12.75pt"> |
538 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Corporation tax</font></td> |
539 |
<td class="xl50" align="right" x:num="6448"><font face="Arial" size="2">6.448</font></td> |
540 |
<td class="xl47" align="right" x:num="134741"><font face="Arial" size="2">134.741</font></td> |
541 |
</tr> |
542 |
<tr height="17" style="height:12.75pt"> |
543 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Dividends payable</font></td> |
544 |
<td class="xl50" align="right" x:num><font face="Arial" size="2">16</font></td> |
545 |
<td class="xl47" align="right" x:num><font face="Arial" size="2">18</font></td> |
546 |
</tr> |
547 |
<tr height="17" style="height:12.75pt"> |
548 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Current portion of |
549 |
long-term debt</font></td> |
550 |
<td class="xl50" align="right" x:num="51612"><font face="Arial" size="2">51.612</font></td> |
551 |
<td class="xl47" align="right" x:num="73680"><font face="Arial" size="2">73.680</font></td> |
552 |
</tr> |
553 |
<tr height="17" style="height:12.75pt"> |
554 |
<td height="17" class="xl52" style="height:12.75pt"><font face="Arial" size="2"><b>Total current |
555 |
liabilities</b></font></td> |
556 |
<td class="xl53" align="right" x:num="796170" x:fmla="=SUM(B87:B92)"><font face="Arial" size="2"><b>796.170</b></font></td> |
557 |
<td class="xl53" align="right" x:num="572131" x:fmla="=SUM(C87:C92)"><font face="Arial" size="2"><b>572.131</b></font></td> |
558 |
</tr> |
559 |
<tr height="8" style="mso-height-source:userset;height:6.0pt"> |
560 |
<td height="8" class="xl52" style="height:6.0pt"></td> |
561 |
<td class="xl74"></td> |
562 |
<td class="xl54"></td> |
563 |
</tr> |
564 |
<tr height="17" style="height:12.75pt"> |
565 |
<td height="17" class="xl55" style="height:12.75pt"><font face="Arial" size="2"><b>Total liabilities</b></font></td> |
566 |
<td class="xl56" align="right" x:num="1579223" x:fmla="=B84+B93"><font face="Arial" size="2"><b>1.579.223</b></font></td> |
567 |
<td class="xl56" align="right" x:num="794763" x:fmla="=C84+C93"><font face="Arial" size="2"><b>794.763</b></font></td> |
568 |
</tr> |
569 |
<tr height="9" style="mso-height-source:userset;height:6.95pt"> |
570 |
<td height="9" class="xl55" style="height:6.95pt"></td> |
571 |
<td class="xl56"></td> |
572 |
<td class="xl56"></td> |
573 |
</tr> |
574 |
<tr height="17" style="height:12.75pt"> |
575 |
<td height="17" class="xl22" style="height:12.75pt"><font face="Arial" size="2"><b>Shareholders' equity</b></font></td> |
576 |
<td class="xl73"></td> |
577 |
<td class="xl51"></td> |
578 |
</tr> |
579 |
<tr height="17" style="height:12.75pt"> |
580 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Share capital</font></td> |
581 |
<td class="xl50" align="right" x:num="2020940"><font face="Arial" size="2">2.020.940</font></td> |
582 |
<td class="xl48" align="right" x:num="2020940"><font face="Arial" size="2">2.020.940</font></td> |
583 |
</tr> |
584 |
<tr height="17" style="height:12.75pt"> |
585 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Share premium</font></td> |
586 |
<td class="xl50" align="right" x:num="23516"><font face="Arial" size="2">23.516</font></td> |
587 |
<td class="xl30" align="right" x:num><font face="Arial" size="2">802</font></td> |
588 |
</tr> |
589 |
<tr height="17" style="height:12.75pt"> |
590 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Treasury shares</font></td> |
591 |
<td class="xl50" align="right" x:num="-55839"><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">-55.839</font></td> |
592 |
<td class="xl30" align="right" x:num="-14255"><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">-14.255</font></td> |
593 |
</tr> |
594 |
<tr height="17" style="height:12.75pt"> |
595 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Capital reserve</font></td> |
596 |
<td class="xl50" align="right" x:num="60762"><font face="Arial" size="2">60.762</font></td> |
597 |
<td class="xl30" align="right" x:num="60762"><font face="Arial" size="2">60.762</font></td> |
598 |
</tr> |
599 |
<tr height="17" style="height:12.75pt"> |
600 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Legal reserve</font></td> |
601 |
<td class="xl50" align="right" x:num="98722"><font face="Arial" size="2">98.722</font></td> |
602 |
<td class="xl48" align="right" x:num="66848"><font face="Arial" size="2">66.848</font></td> |
603 |
</tr> |
604 |
<tr height="17" style="height:12.75pt"> |
605 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Foreign currency |
606 |
translation reserve</font></td> |
607 |
<td class="xl50" align="right" x:num="-8128"><font style="mso-ignore: color" color="#FF0000" face="Arial" size="2">-</font><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">8.128</font></td> |
608 |
<td class="xl48" align="right" x:num="-3596"><font style="mso-ignore: color" color="#FF0000" face="Arial" size="2">-</font><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">3.596</font></td> |
609 |
</tr> |
610 |
<tr height="17" style="height:12.75pt"> |
611 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Retained earnings</font></td> |
612 |
<td class="xl50" align="right" x:num="1514638"><font face="Arial" size="2">1.514.638</font></td> |
613 |
<td class="xl48" align="right" x:num="1157219"><font face="Arial" size="2">1.157.219</font></td> |
614 |
</tr> |
615 |
<tr height="17" style="height:12.75pt"> |
616 |
<td height="17" class="xl52" style="height:12.75pt"><font face="Arial" size="2"><b>Total |
617 |
shareholders' |
618 |
equity</b></font></td> |
619 |
<td class="xl49" align="right" x:num="3654611" x:fmla="=SUM(B98:B104)"><font face="Arial" size="2"><b>3.654.611</b></font></td> |
620 |
<td class="xl49" align="right" x:num="3288720" x:fmla="=SUM(C98:C104)"><font face="Arial" size="2"><b>3.288.720</b></font></td> |
621 |
</tr> |
622 |
<tr height="17" style="height:12.75pt"> |
623 |
<td height="17" class="xl52" style="height:12.75pt"></td> |
624 |
<td class="xl75" align="right" x:num="0"></td> |
625 |
<td class="xl53"></td> |
626 |
</tr> |
627 |
<tr height="17" style="height:12.75pt"> |
628 |
<td height="17" class="xl52" style="height:12.75pt"><font face="Arial" size="2"><b>Minority interests</b></font></td> |
629 |
<td class="xl54" align="right" x:num="112440"><font face="Arial" size="2"><b>112.440</b></font></td> |
630 |
<td class="xl53" align="right" x:num="82709"><font face="Arial" size="2"><b>82.709</b></font></td> |
631 |
</tr> |
632 |
<tr height="17" style="height:12.75pt"> |
633 |
<td height="17" class="xl22" style="height:12.75pt"></td> |
634 |
<td class="xl76"></td> |
635 |
<td class="xl27"></td> |
636 |
</tr> |
637 |
<tr height="17" style="height:12.75pt"> |
638 |
<td height="17" class="xl52" style="height:12.75pt"><font face="Arial" size="2"><b>TOTAL LIABILITIES AND |
639 |
SHAREHOLDERS' EQUITY</b></font></td> |
640 |
<td class="xl27" align="right" x:num="5346274" x:fmla="=B95+B105+B107"><font face="Arial" size="2"><b>5.346.274</b></font></td> |
641 |
<td class="xl43" align="right" x:num="4166192" x:fmla="=C105+C107+C95"><font face="Arial" size="2"><b>4.166.192</b></font></td> |
642 |
</tr> |
643 |
<tr height="30" style="mso-height-source:userset;height:23.1pt"> |
644 |
<td height="30" colspan="3" class="xl71" align="center" style="height:23.1pt; |
645 |
mso-ignore:colspan"></td> |
646 |
</tr> |
647 |
<tr height="30" style="mso-height-source:userset;height:23.1pt"> |
648 |
<td height="30" colspan="3" class="xl71" align="center" style="height:23.1pt; |
649 |
mso-ignore:colspan"><b><font face="Arial" size="3">Consolidated Cash Flow Statement</font></b></td> |
650 |
</tr> |
651 |
<tr height="17" style="height:12.75pt"> |
652 |
<td height="17" colspan="3" class="xl24" align="center" style="height:12.75pt; |
653 |
mso-ignore:colspan"><font face="Arial" size="2">(In accordance with IAS)</font></td> |
654 |
</tr> |
655 |
<tr height="17" style="height:12.75pt"> |
656 |
<td height="17" class="xl24" style="height:12.75pt"></td> |
657 |
<td class="xl25"></td> |
658 |
<td class="xl24"></td> |
659 |
</tr> |
660 |
<tr height="17" style="height:12.75pt"> |
661 |
<td height="17" class="xl23" style="height:12.75pt"></td> |
662 |
<td class="xl25"></td> |
663 |
<td class="xl23"></td> |
664 |
</tr> |
665 |
<tr height="17" style="height:12.75pt"> |
666 |
<td height="17" class="xl23" style="height:12.75pt" colspan="3" align="right"><font face="Arial" size="2">For the years ended |
667 |
31 December</font></td> |
668 |
</tr> |
669 |
<tr height="17" style="height:12.75pt"> |
670 |
<td height="17" class="xl23" style="height:12.75pt"></td> |
671 |
<td class="xl25"></td> |
672 |
<td class="xl23"></td> |
673 |
</tr> |
674 |
<tr height="17" style="height:12.75pt"> |
675 |
<td height="17" class="xl26" style="height:12.75pt"></td> |
676 |
<td colspan="2" class="xl57" align="center" style="mso-ignore:colspan"><font face="Arial" size="2"><b>PLIVA |
677 |
Group</b></font></td> |
678 |
</tr> |
679 |
<tr height="17" style="height:12.75pt"> |
680 |
<td height="17" class="xl22" style="height:12.75pt"></td> |
681 |
<td class="xl59"></td> |
682 |
<td class="xl23"></td> |
683 |
</tr> |
684 |
<tr height="17" style="height:12.75pt"> |
685 |
<td height="17" class="xl22" style="height:12.75pt"></td> |
686 |
<td class="xl72" x:num align="center"><font face="Arial" size="2"><b>1998</b></font></td> |
687 |
<td class="xl72" x:num align="center"><font face="Arial" size="2"><b>1997</b></font></td> |
688 |
</tr> |
689 |
<tr height="17" style="height:12.75pt"> |
690 |
<td height="17" class="xl22" style="height:12.75pt"></td> |
691 |
<td class="xl79" align="center"><font face="Arial" size="2">HRK '000</font></td> |
692 |
<td class="xl79" align="center"><font face="Arial" size="2">HRK '000</font></td> |
693 |
</tr> |
694 |
<tr height="30" style="mso-height-source:userset;height:23.1pt"> |
695 |
<td height="30" class="xl77" colspan="3" style="height:23.1pt;mso-ignore:colspan"><font face="Arial" size="2"><b>CASH |
696 |
FLOW FROM OPERATING ACTIVITIES</b></font></td> |
697 |
</tr> |
698 |
<tr height="17" style="height:12.75pt"> |
699 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Cash receipts from |
700 |
customers</font></td> |
701 |
<td class="xl41" align="right" x:num="2999982"><font face="Arial" size="2">2.999.982</font></td> |
702 |
<td class="xl41" align="right" x:num="2542108"><font face="Arial" size="2">2.542.108</font></td> |
703 |
</tr> |
704 |
<tr height="17" style="height:12.75pt"> |
705 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Cash paid to suppliers |
706 |
and employees</font></td> |
707 |
<td class="xl41" align="right" x:num="-2211794"><font style="mso-ignore: color" color="#FF0000" face="Arial" size="2">-</font><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">2.211.794</font></td> |
708 |
<td class="xl41" align="right" x:num="-1889109"><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">-1.889.109</font></td> |
709 |
</tr> |
710 |
<tr height="17" style="height:12.75pt"> |
711 |
<td height="17" class="xl55" style="height:12.75pt"><font face="Arial" size="2">Cash generated from |
712 |
operations</font></td> |
713 |
<td class="xl78" align="right" x:num="788188" x:fmla="=B121+B122"><font face="Arial" size="2">788.188</font></td> |
714 |
<td class="xl78" align="right" x:num="652999" x:fmla="=C121+C122"><font face="Arial" size="2">652.999</font></td> |
715 |
</tr> |
716 |
<tr height="17" style="height:12.75pt"> |
717 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Interest received</font></td> |
718 |
<td class="xl41" align="right" x:num="33848"><font face="Arial" size="2">33.848</font></td> |
719 |
<td class="xl41" align="right" x:num="57337"><font face="Arial" size="2">57.337</font></td> |
720 |
</tr> |
721 |
<tr height="17" style="height:12.75pt"> |
722 |
<td height="17" class="xl23" style="height:12.75pt"><font face="Arial" size="2">Dividends received</font></td> |
723 |
<td class="xl41" align="right" x:num="19359"><font face="Arial" size="2">19.359</font></td> |
724 |
<td class="xl41" align="right" x:num="3784"><font face="Arial" size="2">3.784</font></td> |
725 |
</tr> |
726 |
<tr height="17" style="height:12.75pt"> |
727 |
<td height="17" class="xl23" style="height:12.75pt"><font face="Arial" size="2">Interest paid</font></td> |
728 |
<td class="xl41" align="right" x:num="-41034"><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">-41.034</font></td> |
729 |
<td class="xl41" align="right" x:num="-16026"><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">-16.026</font></td> |
730 |
</tr> |
731 |
<tr height="17" style="height:12.75pt"> |
732 |
<td height="17" class="xl23" style="height:12.75pt"><font face="Arial" size="2">Taxes and contributions</font></td> |
733 |
<td class="xl41" align="right" x:num="-541037"><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">-541.037</font></td> |
734 |
<td class="xl41" align="right" x:num="-243718"><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">-243.718</font></td> |
735 |
</tr> |
736 |
<tr height="17" style="height:12.75pt"> |
737 |
<td height="17" class="xl22" style="height:12.75pt"><font face="Arial" size="2"><b>Total CF from operating |
738 |
activities</b></font></td> |
739 |
<td class="xl43" align="right" x:num="259324" x:fmla="=SUM(B123:B127)"><font face="Arial" size="2"><b>259.324</b></font></td> |
740 |
<td class="xl43" align="right" x:num="454376" x:fmla="=SUM(C123:C127)"><font face="Arial" size="2"><b>454.376</b></font></td> |
741 |
</tr> |
742 |
<tr height="17" style="height:12.75pt"> |
743 |
<td height="17" class="xl22" style="height:12.75pt"></td> |
744 |
<td class="xl43"></td> |
745 |
<td class="xl27"></td> |
746 |
</tr> |
747 |
<tr height="21" style="height:15.75pt"> |
748 |
<td height="21" class="xl77" colspan="3" style="height:15.75pt;mso-ignore:colspan"><font face="Arial" size="2"><b>CASH |
749 |
FLOW FROM INVESTING ACTIVITIES</b></font></td> |
750 |
</tr> |
751 |
<tr height="17" style="height:12.75pt"> |
752 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Purchase of POLFA Krakow |
753 |
S.A., net of cash acquired</font></td> |
754 |
<td class="xl50" align="right" x:num><font face="Arial" size="2">0</font></td> |
755 |
<td class="xl48" align="right" x:num="-633875"><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">-633.875</font></td> |
756 |
</tr> |
757 |
<tr height="17" style="height:12.75pt"> |
758 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Purchase of other |
759 |
subsidiaries</font></td> |
760 |
<td class="xl50" align="right" x:num="-8346"><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">-8.346</font></td> |
761 |
<td class="xl48" align="right" x:num><font face="Arial" size="2">0</font></td> |
762 |
</tr> |
763 |
<tr height="17" style="height:12.75pt"> |
764 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Purchase of tangible |
765 |
fixed assets</font></td> |
766 |
<td class="xl30" align="right" x:num="-438109"><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">-438.109</font></td> |
767 |
<td class="xl48" align="right" x:num="-463729"><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">-463.729</font></td> |
768 |
</tr> |
769 |
<tr height="17" style="height:12.75pt"> |
770 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Proceeds from the sale |
771 |
of equipment</font></td> |
772 |
<td class="xl30" align="right" x:num><font face="Arial" size="2">0</font></td> |
773 |
<td class="xl30" align="right" x:num><font face="Arial" size="2">477</font></td> |
774 |
</tr> |
775 |
<tr height="17" style="height:12.75pt"> |
776 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Investment in long-term |
777 |
receivables</font></td> |
778 |
<td class="xl50" align="right" x:num="-151268"><font style="mso-ignore: color" color="#FF0000" face="Arial" size="2">-</font><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">151.268</font></td> |
779 |
<td class="xl48" align="right" x:num="-22198"><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">-22.198</font></td> |
780 |
</tr> |
781 |
<tr height="17" style="height:12.75pt"> |
782 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Investments in other |
783 |
companies</font></td> |
784 |
<td class="xl50" align="right" x:num="-110251"><font style="mso-ignore: color" color="#FF0000" face="Arial" size="2">-</font><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">110.251</font></td> |
785 |
<td class="xl48" align="right" x:num="-15407"><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">-15.407</font></td> |
786 |
</tr> |
787 |
<tr height="17" style="height:12.75pt"> |
788 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Purchase of marketable |
789 |
securities</font></td> |
790 |
<td class="xl50" align="right" x:num="-195974"><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">-195.974</font></td> |
791 |
<td class="xl48" align="right" x:num><font face="Arial" size="2">0</font></td> |
792 |
</tr> |
793 |
<tr height="17" style="height:12.75pt"> |
794 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Proceeds from marketable |
795 |
securities</font></td> |
796 |
<td class="xl50" align="right" x:num><font face="Arial" size="2">0</font></td> |
797 |
<td class="xl48" align="right" x:num="22048"><font face="Arial" size="2">22.048</font></td> |
798 |
</tr> |
799 |
<tr height="17" style="height:12.75pt"> |
800 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Collection from |
801 |
short-term loans and deposits</font></td> |
802 |
<td class="xl50" align="right" x:num><font face="Arial" size="2">0</font></td> |
803 |
<td class="xl48" align="right" x:num="58539"><font face="Arial" size="2">58.539</font></td> |
804 |
</tr> |
805 |
<tr height="17" style="height:12.75pt"> |
806 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Short-term loans granted</font></td> |
807 |
<td class="xl50" align="right" x:num="-23823"><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">-23.823</font></td> |
808 |
<td class="xl48" align="right" x:num><font face="Arial" size="2">0</font></td> |
809 |
</tr> |
810 |
<tr height="17" style="height:12.75pt"> |
811 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Borrowings from banks |
812 |
repaid</font></td> |
813 |
<td class="xl50" align="right" x:num><font face="Arial" size="2">0</font></td> |
814 |
<td class="xl48" align="right" x:num="-9748"><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">-9.748</font></td> |
815 |
</tr> |
816 |
<tr height="17" style="height:12.75pt"> |
817 |
<td height="17" class="xl22" style="height:12.75pt"><font face="Arial" size="2"><b>Total CF from investing |
818 |
activities</b></font></td> |
819 |
<td class="xl49" align="right" x:num="-927771" x:fmla="=SUM(B131:B141)"><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2"><b>-927.771</b></font></td> |
820 |
<td class="xl49" align="right" x:num="-1063893" x:fmla="=SUM(C131:C141)"><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2"><b>-1.063.893</b></font></td> |
821 |
</tr> |
822 |
<tr height="17" style="height:12.75pt"> |
823 |
<td height="17" class="xl23" style="height:12.75pt"></td> |
824 |
<td class="xl73"></td> |
825 |
<td class="xl50"></td> |
826 |
</tr> |
827 |
<tr height="21" style="height:15.75pt"> |
828 |
<td height="21" class="xl77" colspan="3" style="height:15.75pt;mso-ignore:colspan"><font face="Arial" size="2"><b>CASH |
829 |
FLOWS FROM FINANCING ACTIVITIES</b></font></td> |
830 |
</tr> |
831 |
<tr height="17" style="height:12.75pt"> |
832 |
<td height="17" class="xl23" style="height:12.75pt"><font face="Arial" size="2">Receipts from short-term |
833 |
loans</font></td> |
834 |
<td class="xl50" align="right" x:num="198262"><font face="Arial" size="2">198.262</font></td> |
835 |
<td class="xl51" align="right" x:num><font face="Arial" size="2">0</font></td> |
836 |
</tr> |
837 |
<tr height="17" style="height:12.75pt"> |
838 |
<td height="17" class="xl23" style="height:12.75pt"><font face="Arial" size="2">Receipt from commercial |
839 |
papers issued</font></td> |
840 |
<td class="xl50" align="right" x:num="79348"><font face="Arial" size="2">79.348</font></td> |
841 |
<td class="xl51" align="right" x:num><font face="Arial" size="2">0</font></td> |
842 |
</tr> |
843 |
<tr height="17" style="height:12.75pt"> |
844 |
<td height="17" class="xl23" style="height:12.75pt"><font face="Arial" size="2">Purchase of own shares</font></td> |
845 |
<td class="xl50" align="right" x:num="-12833"><font style="mso-ignore: color" color="#FF0000" face="Arial" size="2">-</font><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">12.833</font></td> |
846 |
<td class="xl50" align="right" x:num="-26748"><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">-26.748</font></td> |
847 |
</tr> |
848 |
<tr height="17" style="height:12.75pt"> |
849 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Sale of own shares</font></td> |
850 |
<td class="xl50" align="right" x:num><font face="Arial" size="2">0</font></td> |
851 |
<td class="xl48" align="right" x:num="1010"><font face="Arial" size="2">1.010</font></td> |
852 |
</tr> |
853 |
<tr height="17" style="height:12.75pt"> |
854 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Proceeds from long-term |
855 |
loans</font></td> |
856 |
<td class="xl50" align="right" x:num="530602"><font face="Arial" size="2">530.602</font></td> |
857 |
<td class="xl48" align="right" x:num="136143"><font face="Arial" size="2">136.143</font></td> |
858 |
</tr> |
859 |
<tr height="17" style="height:12.75pt"> |
860 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2">Dividends paid</font></td> |
861 |
<td class="xl50" align="right" x:num="-139309"><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">-139.309</font></td> |
862 |
<td class="xl48" align="right" x:num="-135003"><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">-135.003</font></td> |
863 |
</tr> |
864 |
<tr height="17" style="mso-height-source:userset;height:12.95pt"> |
865 |
<td height="17" class="xl52" style="height:12.95pt"><font face="Arial" size="2"><b>Total CF from financing |
866 |
activities</b></font></td> |
867 |
<td class="xl82" align="right" x:num="656070" x:fmla="=SUM(B145:B150)"><font face="Arial" size="2"><b>656.070</b></font></td> |
868 |
<td class="xl83" align="right" x:num="-24598" x:fmla="=SUM(C145:C150)"><font color="#FF0000" face="Arial" size="2"><b><font style="mso-ignore: color">-</font></b></font><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2"><b>24.598</b></font></td> |
869 |
</tr> |
870 |
<tr height="12" style="mso-height-source:userset;height:9.0pt"> |
871 |
<td height="12" class="xl46" style="height:9.0pt"></td> |
872 |
<td class="xl50"></td> |
873 |
<td class="xl48"></td> |
874 |
</tr> |
875 |
<tr height="17" style="height:12.75pt"> |
876 |
<td height="17" class="xl46" style="height:12.75pt"><font face="Arial" size="2"><b>Effects of change in |
877 |
foreign currency exchange rates on:</b></font></td> |
878 |
<td class="xl50"></td> |
879 |
<td class="xl48"></td> |
880 |
</tr> |
881 |
<tr height="17" style="height:12.75pt"> |
882 |
<td height="17" class="xl46" style="height:12.75pt"><span style="mso-spacerun: |
883 |
yes"><font face="Arial" size="2"> </font></span><font face="Arial" size="2">- tangible fixed assets</font></td> |
884 |
<td class="xl50" align="right" x:num="1767"><font face="Arial" size="2">1.767</font></td> |
885 |
<td class="xl48" align="right" x:num="1979"><font face="Arial" size="2">1.979</font></td> |
886 |
</tr> |
887 |
<tr height="17" style="height:12.75pt"> |
888 |
<td height="17" class="xl46" style="height:12.75pt"><span style="mso-spacerun: |
889 |
yes"><font face="Arial" size="2"> </font></span><font face="Arial" size="2">- capital and minority interest</font></td> |
890 |
<td class="xl50" align="right" x:num="-2879"><font style="mso-ignore: color" color="#FF0000" face="Arial" size="2">-</font><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">2.879</font></td> |
891 |
<td class="xl48" align="right" x:num="-3082"><font color="#FF0000" style="mso-ignore:color" face="Arial" size="2">-3.082</font></td> |
892 |
</tr> |
893 |
<tr height="17" style="height:12.75pt"> |
894 |
<td height="17" class="xl46" style="height:12.75pt"><span style="mso-spacerun: |
895 |
yes"><font face="Arial" size="2"> </font></span><font face="Arial" size="2">- cash and cash equivalents</font></td> |
896 |
<td class="xl50" align="right" x:num="4377"><font face="Arial" size="2">4.377</font></td> |
897 |
<td class="xl48" align="right" x:num="71401"><font face="Arial" size="2">71.401</font></td> |
898 |
</tr> |
899 |
<tr height="17" style="height:12.75pt"> |
900 |
<td height="17" class="xl52" style="height:12.75pt"><font face="Arial" size="2"><b>Total</b></font></td> |
901 |
<td class="xl83" align="right" x:num="3265" x:fmla="=SUM(B154:B156)"><font face="Arial" size="2"><b>3.265</b></font></td> |
902 |
<td class="xl83" align="right" x:num="70298" x:fmla="=SUM(C154:C156)"><font face="Arial" size="2"><b>70.298</b></font></td> |
903 |
</tr> |
904 |
<tr height="17" style="height:12.75pt"> |
905 |
<td height="17" style="height:12.75pt"></td> |
906 |
<td></td> |
907 |
<td></td> |
908 |
</tr> |
909 |
<tr height="17" style="height:12.75pt"> |
910 |
<td height="17" class="xl52" style="height:12.75pt"></td> |
911 |
<td class="xl49"></td> |
912 |
<td class="xl49"></td> |
913 |
</tr> |
914 |
<tr height="17" style="height:12.75pt"> |
915 |
<td height="17" class="xl22" colspan="2" style="height:12.75pt;mso-ignore:colspan"><font face="Arial" size="2"><b>NET |
916 |
INCREASE/(DECREASE) IN CASH AND</b></font></td> |
917 |
<td class="xl41"></td> |
918 |
</tr> |
919 |
<tr height="17" style="height:12.75pt"> |
920 |
<td height="17" class="xl22" style="height:12.75pt"><font face="Arial" size="2"><b>CASH EQUIVALENTS</b></font></td> |
921 |
<td class="xl43" align="right" x:num="9112"><font face="Arial" size="2"><b>9.112</b></font></td> |
922 |
<td class="xl43" align="right" x:num="563817"><font face="Arial" size="2"><b>563.817</b></font></td> |
923 |
</tr> |
924 |
<tr height="17" style="height:12.75pt"> |
925 |
<td height="17" class="xl23" style="height:12.75pt"></td> |
926 |
<td class="xl41"></td> |
927 |
<td class="xl41"></td> |
928 |
</tr> |
929 |
<tr height="17" style="height:12.75pt"> |
930 |
<td height="17" class="xl22" style="height:12.75pt"><font face="Arial" size="2"><b>CASH AND CASH |
931 |
EQUIVALENTS:</b></font></td> |
932 |
<td class="xl41"></td> |
933 |
<td class="xl41"></td> |
934 |
</tr> |
935 |
<tr height="17" style="height:12.75pt"> |
936 |
<td height="17" class="xl22" style="height:12.75pt"><span style="mso-spacerun: |
937 |
yes"><b><font face="Arial" size="2"> </font></b></span><b><font face="Arial" size="2">- AT THE BEGINING OF THE YEAR</font></b></td> |
938 |
<td class="xl43" align="right" x:num="173166"><font face="Arial" size="2"><b>173.166</b></font></td> |
939 |
<td class="xl43" align="right" x:num="736983"><font face="Arial" size="2"><b>736.983</b></font></td> |
940 |
</tr> |
941 |
<tr height="17" style="height:12.75pt"> |
942 |
<td height="17" class="xl22" style="height:12.75pt"><span style="mso-spacerun: |
943 |
yes"><b><font face="Arial" size="2"> </font></b></span><b><font face="Arial" size="2">- AT THE END OF THE YEAR</font></b></td> |
944 |
<td class="xl43" align="right" x:num="164054"><font face="Arial" size="2"><b>164.054</b></font></td> |
945 |
<td class="xl43" align="right" x:num="173166"><font face="Arial" size="2"><b>173.166</b></font></td> |
946 |
</tr> |
947 |
</table> |
948 |
|
949 |
|
950 |
|
951 |
<p ALIGN="JUSTIFY"><font face="Arial" size="2" color="#000080">For further information: </font></p> |
952 |
<p ALIGN="JUSTIFY"><font face="Arial" size="2" color="#000080">- Marija Pejcinovic, Director, PLIVA - Public Relations Department: |
953 |
phone: 00/385/1/61 20 863; fax: ..61 60 358; E-mail: <A HREF="mailto:Marija.Pejcinovic@pliva.hr">Marija.Pejcinovic@pliva.hr</A> </font></p> |
954 |
<p ALIGN="JUSTIFY"><font face="Arial" size="2" color="#000080">- Drazena Kulis, Director, PLIVA - Investor Relations Department: |
955 |
phone.: 00/385/1/61 20 990; fax: ..61 20 622; E-mail: <A HREF="mailto:Drazena.Kulis@pliva.hr">Drazena.Kulis@pliva.hr</A> </font></p> |
956 |
<p ALIGN="JUSTIFY"><font face="Arial" size="2" color="#000080">- Corporate web address: <A HREF="http:/www.pliva.hr">www.pliva.hr</A> </font></p> |
957 |
|
958 |
<p ALIGN="JUSTIFY"><font face="Arial" size="2" color="#000080"><b> Zagreb, 12th April 1999</b></font></p> |
959 |
<p ALIGN="JUSTIFY"><font FACE="Arial"><a href="news_clip.htm"><small>Back to the news page</small></a></font></p> |
960 |
|
961 |
<p ALIGN="JUSTIFY"><font face="Arial" size="2" color="#000080"> </font></td> |
962 |
<td width="15%"></td> |
963 |
</tr> |
964 |
</table> |
965 |
</body> |
966 |
</html> |
967 |
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