Information  X 
Enter a valid email address

Koleje Mazowieckie (46NX)

  Print      Mail a friend

Friday 05 August, 2011

Koleje Mazowieckie

Annual report of Koleje Mazowieckie Finance AB

RNS Number : 8293L
Koleje Mazowieckie Finance AB(publ)
05 August 2011
 

  

A N N U A L  R E P O R T

of

 Koleje Mazowieckie Finance AB (publ)

Reg. nr. 556812-4258

 The Board of Directors and the Managing Director's annual report for the financial year 2010-06-23 -- 2010-12-31.

 

Contents                                                                                 Page

- Board of directors report                                                        2

- Income statement                                                                   3

- Balance sheet                                                                         4

- Pledged assets and contingent liabilities                                   4

- Supplementary disclosures                                                      5

- Signatures                                                                              7

 

The undersigned member of the board in Koleje Mazowieckie Finance AB (publ) hereby certifies that this document is a true copy of the annual report and that the income statement and balance sheet were approved at the annual meeting of 15/6-2011
The Assembly also approved the Board proposal concerning the distribution of profits.
Stockholm 2011-06-15
/ - / Roman Sielecki

[translator's note: all pages bear a footnote number: 8578.675.001
and three illegible signatures]

 

BOARD OF DIRECTORS REPORT

The annual statements are prepared in SEK.

Business Concept & Overview

The company holds direct or indirect operations, issues or organises the issue of security papers. It is the first operating year of the company.

 

 

Ownership

The company is a subsidiary company of Koleje Mazowieckie - KM Sp. z o.o., Poland.

 

Important events during the financial year

All shares of the company were bought by the holding company.

 

Important events after the end of the financial year

On 7 January 2011 the company issued "step up" bonds with a value of 40 000 000.00 EUR, which Standard Bank Plc in London obtained for one year with the growing coupon: the first quarter of 2011. - 5.00%, second quarter - up to 6.00%, third quarter - 7.00%, fourth quarter - 8.00%.

 

Interests on the step up bonds for the month of January in the amount of 170 000 EUR and for the month of February in the amount of 153 600,00 EUR were paid from the Swedish bank account .

 

In connection with a public bond issuance program the €100 000 000.00 Euro - 2 Series A bonds were placed on the international market on March 9, 2011. The total cash value of these bonds was set off with the other step up bonds of  40 000 000,00 EUR. The step up bond were paid off and terminated.

 

Companies future development

The company will continue its core activities in the nearest future. Moreover, to our knowledge there are no circumstances that would indicate the existence of serious threats to the continuation of our company activities.

 

The Board of the company, by making such statement, has considered all the information available as at the closing date of the balance sheet and covering one year ahead.

 

As far as the result of the company's operations and the financial position at the end of the financial year is considered, this information is shown in the income statement and balance sheet with the accompanying notes.

 

[page 2of 7]

 

INCOME STATEMENT                                                                                          2010-06-23

                                                                                                                     Note     2010-12-31

 

Operating income
Operating costs
profit/loss                                                                                                  0
Net profit/loss for the year                                                                         0

 

[page 3 of 7]

 

B A L A N C E   S H E E T

 

ASSETS

Current assets

Cash and bank balance

Total current assets

 

TOTAL ASSETS

 

2010-12-31

Note

 

 

500 000

500 000

 

500 000

 

 

[page 4 of 7]

 

B A L A N C E   S H E E T

LIABILITIES

Equity

Restricted equity

Share capital

 

2010-12-31

Note

1

 

2                      500 000

                        500 000

]

Total equity

 

TOTAL LIABILITIES

 

ADDITIONAL ITEMS

Assets pledged

Contingent liabilities

500 000

 

500 000

 

 

None

None

 

[page 5 of 7]

 

S U P P L E M E N T A R Y   D I S C L O S U R E S GENERAL DISCLOSURES

 

Accounting standards

The accounting priniciples used by the company comply with the Swedish Annual Accounts Act and the general recommendations of the Swedish Accounting Standards Board. Where no recommendations from the Accounting Standards Board are available, the recommendations of the Swedish Financial Accounting Standards Council and, where applicable, from the regulations of FAR (Swedish institute for auditors) are used. The relevant cases are explicitly indicated.

 

Valuation principles, etc

Assets, provisions and liabilities have been valued at the purchase value unless otherwise stated.

Receivables

Receivables are entered in the amount in which they are expected to be received.

 

Employees

The Company has no employees. No salaries or other remunerations were paid.

 

  

NOTES TO FINANCIAL STATEMENTS

 

Note 1  Equity

 

 

New issue of shares

Net result for the year

Closing balance

 

Share capital

500 000

 

500 000

Non-restricted equity

 

0

0

Note 2 Information about share capital

 

Opening balance

New emission

Closing balance

Number of shares

0

5 000

5 000

Ratio per share

0

100

100

 

[Page 6 of 7 ]

 

S U P P L E M E N T A R Y    D I S C L O S U R E S

 

/-/Roman Sielecki                             /-/Marek Jan Dawidowicz

Chairman of the Board

 

/-/Ewa Aldona Okninska                  /-/Olof Waern

Managing Director

 

Our audit report was issued on 23/5-2011  . Deloitte AB

 

/-/Jan Larsson

Authorized Public Accountant

 

[page 7 of 7]
[stamp reading, I hereby confirm that the photocopies are true copies of the original document:
Signature / - / Olle Ericsson]


 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
FR LIFFTTDIEIIL