Financial Highlights

for the period ended December 31st 2011

(‘000) PLN EUR
Jan 1 – Dec 31 2011 Jan 1 – Dec 31 2011 Jan 1 – Dec 31 2011 Jan 1 – Dec 31 2011
I Sales revenue 23,003,534 21,281,161 5,556,275 5,314,444
II Operating profit/loss 1,685,526 2,886,689 407,122 720,879
III Pre-tax profit/loss 1,711,787 2,936,099 413,465 733,218
IV Net profit/loss attributable to owners of the parent 1,626,778 2,453,741 392,932 612,761
V Net profit/loss 1,626,184 2,457,184 392,789 613,621
VI Comprehensive income attributable to owners of the parent 1,690,784 2,533,916 408,392 632,783
VII Total comprehensive income 1,690,190 2,537,359 408,249 633,643
VIII Net cash provided by/(used in) operating activities 2,467,905 3,843,312 596,098 959,772
IX Net cash provided by/(used in) investing activities (4,019,238) (3,558,839) (970,807) (888,732)
X Net cash provided by/(used in) financing activities 1,682,218 (107,871) 406,323 (26,938)
XI Total net cash 130,885 176,602 31,614 44,102
XII Net earnings/loss and diluted net earnings/loss per share attributable to owners of the parent (PLN/EUR) 0.28 0.42 0.07 0.10
XIII Total assets 37,964,374 33,642,407 8,595,448 8,494,914
XIV Liabilities and provisions for liabilities 13,467,714 10,122,937 3,049,202 2,556,104
XV Non-current liabilities 5,621,501 4,973,340 1,272,754 1,255,799
XVI Current liabilities 7,846,213 5,149,597 1,776,448 1,300,305
XVII Equity 24,496,660 23,519,470 5,546,246 5,938,810
XVIII Share capital 5,900,000 5,900,000 1,335,809 1,489,786
XIX Weighted average number of shares (‘000) 5,900,000 5,900,000 5,900,000 5,900,000
XX Book value per share and diluted book value per share (PLN/EUR) 4.15 3.99 0.94 1.01
XXI Dividend per share declared or paid (PLN/EUR) 0.12 0.08 0.03 0.02

Items of the income statement, statement of comprehensive income and statement of cash flows were translated using the EUR exchange rate computed as the arithmetic mean of mid-exchange rates quoted by the National Bank of Poland (NBP) for the last day of each calendar month in the given reporting period.

Items of the statement of financial position were translated using the EUR mid-exchange rate quoted by the NBP as at the end of the given financial period.

Average EUR/PLN exchange rates quoted by the National Bank of Poland
(w PLN) Dec 31 2011 Dec 31 2010
Average exchange rate for the period 4.1401 4.0044
Exchange rate at end of the period 4.4168 3.9603

Consolidated Financial Statements for the 2011 Financial Year