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Annual Report 2012
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Introduction
Company Profi le
Company Milestones
Investments 2012
Business Strategy
Registered Capital
Board of Directors
Supervisory Board
Development of the Shareholders’ Structure
Business Activities
Corporate Structure
Financial Assets
Subsidiary Company Profi les
Financial Review
Proposal for Profi t Distribution / Loss Coverage
Independent Auditor’s Report
Plans for the Forthcoming Period
Charity and Community Work
Signifi cant Events after the Closing Period
Contact
Contents
Apartment blocks constructed by EURO HOME DS a.s.
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FPD CORPORATION CZ a.s. was established in January 2007 and within a rel-atively short time period it has become a formidable investment company which is consistently achieving signifi cant returns on its investments. We fo-cus on corporate investments and crisis fi nancing for developing Czech and Slovak companies. Step by step, we are becoming a strong international or-ganisation that is achieving maximum returns on our shareholders’ invest-ments. FPD CORPORATION CZ a.s. is now a key member of the multinational group of companies, FPD GROUP, with assets in excess of CZK 8 billion(EUR 320 million) and 3,200 employees.
The objective of FPD CORPORATION CZ a.s. is to ensure the largest possible return on investment for its shareholders while maintaining the lowest pos-sible level of risk. This is achieved by focussing on diversifi ed areas of business. Currently, we have been extending our activities globally, thus further reduc-ing potential risks. In accordance with our investment strategy, we focus on fi nancing undervalued companies with a viable business plan, strong cash fl ow and potential for long-term growth. FPD CORPORATION CZ a.s. provides, where necessary, further capital support for development acceleration, to-gether with professional assistance in terms of restructuring and optimisa-tion of cash fl ow. Internal restructuring is often essential because, in today’s fi ercely competitive marketplace every company needs to be managed by a highly qualifi ed and experienced team.
Our direct, disciplined, cash fl ow-oriented investment strategy allows us to focus on a wide range of market sectors, both in the domestic market and also at a global level. At the same time, we realise the need to create a better society, where everyone can live, study and develop without boundaries. We believe that by distributing our profi ts among those less fortunate, we can contribute to the creation of such a social environment. That is why our busi-ness ventures go hand in hand with charity work.
Introduction
FPD CORPORATION CZ a.s. is now a key member of the
multinational group of companies, FPD GROUP, with assets in excess of CZK 8 billion(EUR 320 million)
Vineyards in the Velkopavlovická region
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ArgentinaAustriaBelarusBulgariaChileChinaCyprusCroatiaCzech RepublicDenmarkEgyptEstoniaFinlandFranceGermanyGreece
Company name: FPD CORPORATION CZ a.s.
Registered offi ce: Václavské náměstí 846/1110 00 Prague 1
Legal status: Joint Stock CompanyRegistered in the Commercial Register and administered by the Municipal Court in Prague, section B, insert no. 11445
Registered capital: CZK 1,354,000,000
Corporate ID no.: 27643549
Shareholders: STRATONI LIMITED
Registered in United Kingdom under number 7063609 with its registered offi ce at 5 Bourlet Close, London, W1W 7BL, United Kingdom and with a subscription of 550 shares out of a total of 1354 shares (40.62%)
RIVIERA HOLDINGS INVESTMENTS LIMITED
Registered in United Kingdom, under number 7523163 with its registered offi ce at First Floor, 41 Chalton Street, London, NW1 1JD, United Kingdom and with a subscription of 804 shares out of a total of 1354 (59.38%)
Company Profi le
HungaryIndiaItalyLatviaLithuaniaMacedoniaMoldovaNetherlandsPolandPortugalRomaniaRussiaSerbia
SlovakiaSloveniaSouth KoreaSpainTaiwanUkraineUnited KingdomUSA
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Company Milestones
2007
FPD CORPORATION CZ a.s. was incorporated by registering in the Commercial Register on the 5th of January 2007. Its sole shareholder, THE CIRCLE INVEST-MENT GROUP HOLDINGS SAH, subsequently decided to increase the compa-ny’s registered capital with a new share subscription in order to improve the company’s balance sheet. Thus, the company’s registered capital was increased to CZK 450,000,000.
2008
In 2008 FPD CORPORATION CZ a.s. acquired the development and investment company TRUSTINVEST CR, spol. s r.o. which already had a strong portfolio and had completed a number of successful real estate transactions. The goal of this acquisition was to achieve growth in the company’s value and therefore growth in the value of the investment. To do this it was necessary to restructure the internal management processes. This ensured the availability of the capital required to increase the real estate portfolio and it also facilitated more effi cient use of revenues from the existing portfolio. Operating costs were also signifi -cantly reduced.
Also in this year the company acquired Czechoslovak Spirit s.r.o., one of the leading importers and distributors of alcoholic beverages, soft drinks and wines in the Czech and Slovak Republics. In keeping with the acquisition strategy which is to achieve growth through the targeted strengthening of cash fl ow, the company’s registered capital was increased to CZK 10 million.
Construction and development companies are a key part of the portfolio
Multipurpose building managed by EURO HOME NÁRODNÍ TŘÍDA a.s.
10 11
Company Milestones
2009
In fi nancial terms, it was an important factor for FPD CORPORATION CZ a.s. that the companies in its portfolio paid dividends for the fi rst time. FAST HYPO, a.s. paid a total dividend of CZK 38.365 million (from the retained profi ts of 2007 and 2008) and Czechoslovak Spirit s.r.o. paid out a total of CZK 10.6 million. This was one of the factors contributing to the fact that FPD CORPORATION CZ a.s. is itself achieving its business goals and is therefore also in the position to pay dividends to its shareholders.
Another important event of this year was the decision to subscribe to new shares in order to improve the company’s balance sheet. The company’s regis-tered capital was increased by CZK 454,000,000 bringing the new total to CZK 904,000,000. The group of our shareholders had now been joined by the Cyprus investment company ALEYTA HOLDING LIMITED, with a share of 39.16%.
Also signifi cant this year was the 100% takeover of the Slovak company SEZ DK a.s. and thus continuing the sixty-year history of the electrical engineering company SEZ a.s. in Dolný Kubín. This is a manufacturing and trading company whose product range includes electrical installation materials, such as sockets, plugs, distributors, switches, terminal boards, boxes, and other items. These products are not only used in households, but also in the automobile and elec-trical engineering industry.
In 2009, FPD CORPORATION CZ a.s. acquired the Slovak real estate company PSN a.s. and increased its registered capital to EUR 3.57 million (CZK 94,546,579.21)*. PSN a.s. owns and manages commercial real estate as well as residential real estate in many regions of Slovakia. Commercial real estate premises include of-fi ce space, logistical and storage facilities, production halls and industrial prem-ises. Residential premises can also be found in many prime locations through-out Slovakia.
Acquisition of PSN a.s. was a signifi cant event
in the company’s history
PSN a.s. headquarters
12 13
Company Milestones
2010
FPD CORPORATION CZ a.s. increased its registered capital by CZK 135 million to CZK 1.039 billion and thus breaking the magical CZK 1 billion barrier. Such a solid fi nancial base will provide suffi cient resources and funding for future projects and acquisitions.
During 2010 there were signifi cant changes to the Board of Directors and also to the Supervisory Board. The new structure brings with it many years of ex-perience, not just in the domestic marketplace but also at a global level. The new shareholders have responded very well to the excellent fi nancial results and also to the business model that has been outlined for the forthcoming period. An Extraordinary General Meeting was held in Prague and amendments to the Articles of Association were approved. New members were elected to the Board of Directors (Mgr. Šupa and Ing. Kučerova were replaced by Mr. Šupa and Mr. Prekop) and also to the Supervisory Board (Ing. Švrček was replaced by Mr. Siekel).
FPD CORPORATION CZ increased the registered capital of SEZ DK a.s. to EUR 4,654,587.
Registered capital breaks through CZK 1 billion barrier
Manufacture and sale of electrical components at SEZ DK a.s.
14 15
Company Milestones
2011
FPD CORPORATION CZ a.s. becomes part of the multinational group of companies, FPD GROUP (www.fpd-group.com), with worldwide assets in excess of 320 mil-lion Euros. This will bring more strength and stability to the company as well as widening its reach from a global perspective. The group operates in a wide range of market sectors, not just domestically but also in the global marketplace, thus signifi cantly reducing the risks involved in relying on one particular investment strategy and one particular currency.
Over CZK 2 billion(EUR 80 million) in assets for the consolidated FPD CORPORA-TION CZ a.s. group of companies.
On the back of extremely strong fi nancial results and forecasted growth the deci-sion was made to consolidate and streamline our accounting procedures with eff ect from 2012. This step was made in order to increase internal effi ciency as well as to provide a clearer more transparent picture for the banks with which we deal.
2011 also saw a change in the shareholder structure of the company. The new shareholders being STRATONI LIMITED with a 52.94% stake and RIVIERA HOLD-INGS INVESTMENTS LIMITED with 47.06%. Both companies are based in London and therefore enhancing the company’s ability to do business at a global level.
Financial group FPD CORPORATION CZ a.s. increased the registered capital of the following companies:Czechoslovak Spirit s.r.o. to CZK 17,000,000TRNINY DEVELOPMENT s.r.o. to CZK 12,018,000EURO HOME GASTRO a.s. to CZK 5,300,000
FPD CORPORATION CZ a.s. acquired a 100% stake in SPOROBYT, spol. s.r.o. The com-pany is involved in the letting and management of a variety of apartment blocks, multi-purpose buildings and commercial premises. There are over a hundred em-ployees and several hundred units in the management portfolio. The company is also involved in the operation and management of a group of catering and hospitality outlets in Hodonín – Gastro United, which has a total seating capacity of 500. SPORO-BYT s.r.o. is also responsible for the operation and management of the Lipovka Hotel and fi tness centre in Hodonín. First year results were so strong that a loyalty program was launched in conjunction with EURO HOME GASTRO a.s. and currently in excess of 2000 customers have already signed up. The benefi ts of the card can not only be enjoyed in our establishments but also in those of our partners.
FPD GROUP assets exceed 320 million Euros
Pizzeria Casa Mia
16 17
Company Milestones
2012
Increase in the registered capital of FPD CORPORATION CZ a.s. to CZK 1.3 billion (€ 52 million).
One of the shareholders of FPD CORPORATION CZ a.s., RIVIERA HOLDINGS INVESTMENTS LIMITED, increased the company’s registered capital by CZK 315,000,000 to CZK 1,354,000,000.
The two shareholders remain unchanged but the structure is now as follows:
RIVIERA HOLDINGS INVESTMENTS LIMITED 804 shares .CZK 804,000,000
STRATONI LIMITED 550 shares CZK 550,000,000
The total asset value of FPD CORPORATION CZ a.s. increased by CZK 1.5 billion to CZK 4 billion (€ 160 million).
Assets of FPD CORPORATION CZ a.s.
approach CZK 4 billion
Storage facility at Nina-X s.r.o.
18 19
Company Milestones
The registered capital of several subsidiary companies was signifi cantly increased:
TOTAL IMPORT, s.r.o. CZK 201,000 -> CZK 19,701,000 EURO HOME NÁRODNÍ TŘÍDA a.s. CZK 2,000,000 -> CZK 10,110,000 EURO HOME BŘÍ ČAPKŮ a.s. CZK 2,000,000 -> CZK 7,000,000 ROYAL Drinks Slovakia, s.r.o. € 14,000 -> € 240,000
A new company, IT PRO SOLUTIONS, s.r.o., was established. The newly formed com-pany will provide IT services and support to all the companies in the FPD CORPORATION CZ group. The company, which was previously named POR SH +CZ, s.r.o., has changed its statutory body and has also appointed a new Managing Director, Ing. Karel Svoboda.
Several changes were made to the statutory body of EURO HOME MUCHOVA a.s. A new member of the Board of Directors, Mr Jan Kašpárek, was appointed and the Super-visory Board welcomed 3 new members, Anton Siekel, Tomáš Šupa and Eva Pavlechová.
EURO HOME DS a.s. was granted fi nal approval for the sale and rent of apartments in three newly constructed blocks in Dunajská Streda.
In the alcoholic and non-alcoholic beverage sector the company, and those in which it has a fi nancial stake, recorded over CZK 1 billion in total sales.
Final approval granted for 3 completed apartment
blocks in Dunajská Streda
Apartment blocks constructed by EURO HOME DS a.s.
20 21
Discovering new opportunities is critical for FPD and its long-term development and a great deal of emphasis is put on innovation and the ability to adapt to new challenges in the marketplace.
The group sees its long-term future in the ongoing development of the subsidiary companies which will focus on new and attractive investments. Successful implementation of this goal will require innovation and adaptation to new challenges and conditions in the marketplace. FPD works closely with prominent companies in Central Europe and Asia. The company strategy is focussed on ensuring the largest possible return on investment for its shareholders while maintaining the lowest possible level of risk as well as emphasizing values such as responsibility, teamwork and professionalism.
FPD CORPORATION CZ a.s. acquires 100% stake in EXCHANGE PLAN, s. r. o.
FPD CORPORATION CZ a.s. has acquired a 100% stake in the Slovak company EXCHANGE PLAN, s. r. o. The primary activities of EXCHANGE PLAN, s. r. o. involve the collection and management of receivables. Currently the company’s portfolio includes receivables amounting to € 30 million (CZK 750 million) from individuals within the Central European Region, as well as other receivables worth tens of millions of Euros that are under management.
The company was founded in 2010 by Slovak wealth management company, Across Investment Management, a.s.
With this acquisition, FPD has strengthened its position in this particular sector, i.e., the collection and management of receivables, and within the next 5 years we expect to see considerable gains on our investment without deviating from our desired level of risk.
Investments in 2012
FPD CORPORATION CZ a.s. acquires 100% stake in EXCHANGE
PLAN, s. r. o – receivables from private individuals amounting
to € 30 million
illustration photo
22 23
At the end of 2012 FPD CORPORATION CZ a.s., through its subsidiary TOTAL IMPORT s.r.o., successfully broke into the alcoholic and non-alcoholic beverage retail sector. A new brand, WINEPOINT, s.r.o., was established and the goal was to create a unique and original concept which can provide high quality beverages at unbeatable prices. After 12 months of research and planning our fi rst store in the Czech Republic was launched and the goal is to create an unparalleled chain of across the nation that will provide our valued customers with a totally unique experience.
WINEPOINT, s.r.o. is a newly established chain of retail outlets, specialising in providing high quality and well-known wines, spirits and non-alcoholic beverages at unbeatable prices. With the backing of a strong international investment company and the support of several sister companies that are already operating successfully in this market sector, right through from production to retail, we intend to build an unrivalled network of stores throughout the Czech Republic. We believe that WINEPOINT, s.r.o. will very quickly become the number one company in the region in terms of the number and location of outlets, the products that are available, the prices, the design of the stores and in general the whole customer experience. The concept of the brand, WINEPOINT, s.r.o., was inspired by the growing popularity and interest from customers in wine and viticulture. Our goal is to provide this ever expanding customer base with quality products at an aff ordable price, from easily accessible locations.
Investments in 2012
Subsidiary company WINEPOINT s.r.o. breaks into
the alcoholic and non-alcoholic beverage retail sector
WINEPOINT, s.r.o. outlet
24 25
Acquisition of stake in Vinařství Mutěnice with
annual production of 25 million litres
FPD CORPORATION CZ a.s., through its subsidiary company TOTAL IMPORT, s.r.o., has acquired the majority stake in Vinařství Mutěnice, s.r.o. (Winery Mutěnice).
Vinařství Mutěnice owns over 100 hectares of vineyards, produces in the region of 25 million litres of wine per year and employs over 50 people at its modern production facility. In addition to traditional Moravian and Slovakian wines, Vinařství Mutěnice also off ers quality wines from Australia, South Africa, Chile, USA, Argentina, Spain, Italy and Hungary.
Vinařství Mutěnice has a strong 16 year tradition in the Central European marketplace, with an annual turnover in excess of CZK 500 million (EUR 20 million), thus making it one of the major players in the Czech Republic. The goal is to restructure the company - reduce costs and increase the effi ciency of the production facility, as well as developing other business activities in the future. These factors will play a major role in the company achieving its fi rst fi nancial milestone which is to break through the CZK 1 billion (EUR 40 million) turnover barrier. This acquisition is the perfect complement for a number of other companies in the same sector that the group has acquired within the last 2 years.
Wine tanks at Vinařství Mutěnice, s.r.o.
Investments in 2012
26 27
Financial group acquires SPOROBYT, spol. s.r.o.
Financial group FPD CORPORATION CZ a.s. acquires a 100% stake in SPOROBYT, spol. s.r.o.
The company is involved in the letting and management of a variety of apartment blocks and multipurpose buildings. The management portfolio consists of hundreds of residential and commercial units. The company is also involved in the operation of a number of catering and hospitality outlets in Hodonin, as well as a hotel and fi tness & relax centre. Our professional and dedicated team of over 50 employees ensures customer satisfaction and business profi tability.
Professional and dedicated team of over 50 employees
ensures customer satisfaction and business profi tability
Fitness & relax centre at Lipovka Hotel
Investments in 2012
28 29
The main goal of the company is to ensure the maximum return on investment for its shareholders, while maintaining the lowest possible risk. Each investment project is subject to a detailed due diligence audit in accordance with the applicable legal and economic criteria.
The report commissioned by the company is a SWOT analysis which includes an assessment of the time schedule for the investment, i.e. plan for the sale of the investment and its potential status at the time. A thorough analysis is also conducted with respect to the economic returns of the project, its ancillary costs, and the possibility of using less expensive third party resources.
An analysis is also conducted with respect to the substantive functions of the company, with the aim of cost saving in the administrative, production, sales or implementation processes. The purpose of this analysis is to provide information that will help us improve the business and consequently ensure the required returns and profi tability of the investment within a given time period.
In accordance with its established investment philosophy, FPD CORPORATION CZ a.s. continues to expand its portfolio of undervalued companies that have a well-prepared business plan, strong cash fl ow, and the potential for long-term growth. It is imperative that these companies are managed by a highly qualifi ed and experienced team that understands the needs of the sector in which it operates. FPD CORPORATION CZ a.s. enables such companies to grow stronger by providing the necessary capital support that is required to facilitate their development as well as providing professional assistance in terms of the internal management structure. These companies can draw upon further advantages that are associated with being part of a large portfolio such as access to new customers or outsourcing of certain common activities. All these factors contribute towards the optimisation of costs and revenues.
The chosen business model of FPD CORPORATION CZ a.s. allows the whole portfolio of subsidiary companies to work alongside each other. In addition many activities such as legal, accounting, auditing and consulting are outsourced thus reducing costs even further. Currently FPD CORPORATION CZ a.s. and its subsidiaries employ over 350 people.
This direct, cash fl ow orientated investment strategy allows FPD CORPORATION CZ a.s. to maintain a well-diversifi ed portfolio, not just domestically but in the global arena.
Business Strategy
Long-term growth
Logistical control at Czechoslovak Spirit s.r.o.
CZK
2,00
0,00
0 CZK
454,
000,
000 CZ
K 90
4,00
0,00
0
CZK
1,03
9,00
0,00
0
CZK
1,03
9,00
0,00
0
CZK
1,35
4,00
0,00
0
30 31
Registered Capital
FPD CORPORATION CZ a.s. increases registered capital to
CZK 1.3 billion (EUR 52 million)
2007 2008 2009 2010 2011 2012
Production at SEZ DK a.s.
The company issued 2 ordinary bearer shares each with a nominal value of CZK 1 million per share. The company’s registered capital amounted to CZK 2 million.
Pursuant to the decision of the company’s sole shareholder, the registered capital was increased on 22 August 2007 to CZK 450 million with the subscription of 448 ordinary bearer shares each with a nominal value of CZK 1 million per share. The shares were subscribed by the sole shareholder, THE CIRCLE INVESTMENT GROUP HOLDINGS SAH, a company registered under no. B 33116 in the Register of Trade and Companies of Luxembourg, with its registered offi ce at 7, Val Sainte Croix, L – 1371 Luxembourg, Grand Duchy of Luxembourg.
Pursuant to the decision of the company’s sole shareholder dated 29 December 2009, the company’s registered capital was increased by CZK 454 million to CZK 904 million. At the same time, it was decided that a portion of the new shares would be subscribed by the company ALEYTA HOLDING LIMITED, with its registered offi ce at Arch. Kyprianou & Agiou Andreou 2, LOUCAIDES COURT, 2nd fl oor, P.C. 3036, Limassol, Republic of Cyprus.
In the decisive period, the company’s registered capital consisted of 904 ordinary bearer shares each with a nominal value of CZK 1,000,000 per share.
In June 2010 the shareholders of FPD CORPORATION CZ a.s. made the decision to increase its registered capital by CZK 135 million to CZK 1.039 billion and thus breaking the magical CZK 1 billion barrier. Such a solid fi nancial base will consequently provide suffi cient resources and funding for future projects and acquisitions.
One of the shareholders of FPD CORPORATION CZ a.s., RIVIERA HOLDINGS INVESTMENTS LIMITED, increased the company‘s registered capital by CZK 315,000,000 to CZK 1,354,000,000. The two shareholders remain unchanged but the structure is now as follows
RIVIERA HOLDINGS INVESTMENTS LIMITED804 shares CZK 804,000,000
STRATONI LIMITED550 shares CZK 550,000,000
2009
2010
2012
2007
32 33
In 2012 the Board of Directors, as the statutory body of FPD CORPORATION CZ a.s., was structured as follows:
Tomáš Šupa – Chairman of the Board of Directors
Ing. Roman Teťák – Vice Chairman of the Board of Direct
Marek Prekop – Member of the Board of Directors
The Board of Directors exercised its rights and obligations entrusted to it in complian-ce with the company’s Articles of Association and the applicable regulations. The fo-cus of the Board of Directors in 2012 was to achieve the outlined business goals for all of the companies in the portfolio and in turn enable the payment of dividends as well as the allocation of profi t into the companies’ registered capital. Another goal was to use the potential of the entire company to fi nd new business opportunities and new markets for all the individual companies within the portfolio. Another important achievement for the Board has been the successful establishment and maintenance of good relationships with various fi nancial institutions.
Board of Directors
illustration photo
34 35
In 2012 the Supervisory Board, as the statutory supervisory body of FPD CORPORATION a.s., was structured as follows:
Ing. Anton Siekel – Chairman of the Supervisory Board
Mgr. Ing. Tomáš Vítek – Member of the Supervisory Board
Mgr. Jozef Chovanec – Member of the Supervisory Board
Pursuant to the Commercial Code, the Supervisory Board exercises the control func-tion over the company’s operation and functioning.
Supervisory Board
illustration photo
36 37
Development of the Shareholders’ Structure
CZK 450 mil.
2 mil. Kč
CZK 904 mil.
CZK 1.039 bil. CZK 1.039 bil.
CZK 1.354 bil.
2007 2008 2009 2010 2011 20122 FOUNDERS
50 %
50 %
THE CIRCLE INVESTMENT GROUP HOLDINGS SAH
100 %
THE CIRCLE INVESTMENT GROUP HOLDINGS SAH
THE CIRCLE INVESTMENT GROUP HOLDINGS SAH
STRATONI LIMITED
STRATONI LIMITED
60.84 % 52.94 % 52.94 % 40.62 %
ALEYTA HOLDING LIMITED
ALEYTA HOLDING LIMITED
RIVIERA HOLDINGS INVESTMENTS LIMITED
RIVIERA HOLDINGS INVESTMENTS LIMITED
39.16 % 47.06 % 47.06 % 59.38 %
With the intention of creating a formidable investment company, two individuals contributed, in equal amounts, a total of CZK 2 million to the registered capital.
The sole shareholder –THE CIRCLE INVESTMENT GROUP HOLDINGS SAH, registered under no. B 33116 in the Register of Trade and Companies of Luxembourg, with its registered offi ce at 7, Val Sainte Croix, L – 1371 Luxembourg, Grand Duchy of Luxembourg – owned all of the 450 ordinary bearer shares, each with a nominal value of CZK 1 million.
ALEYTA HOLDING LIMITED, with its registered offi ce at Arch. Kyprianou & Agiou Andreou 2, LOUCAIDES COURT, 2nd fl oor, P.C. 3036, Limassol, Republic of Cyprus, reg. no. HE 172491, became the second shareholder in FPD CORPORATION CZ a.s.. 454 ordinary bearer shares were subscribed each with a nominal value of CZK 1 million. Of this number, the existing shareholder, THE CIRCLE INVESTMENT GROUP HOLDINGS SAH, subscribed 100 shares and the new shareholder, ALEYTA HOLDING LIMITED, subscribed 354 shares. At that time, the majority shareholder, THE CIRCLE INVESTMENT GROUP HOLDINGS SAH, held 60.84% of the shares, and the minority shareholder, ALEYTA HOLDING LIMITED, held 39.16% of the shares in the company.
In 2010 the company had two shareholders, the major shareholder being CIRCLE INVESTMENT GROUP HOLDINGS SAH, which owns 550 shares (52.94%) and the minority shareholder being ALEYTA HOLDING LIMITED which owns 489 shares (47.06%). The increase in the registered capital of the company contributed to an increase in the total number of shares.
In 2011 there were major changes in the shareholders’ structure of FPD CORPORATION CZ a.s. with both shareholders being replaced by new ones. The majority shareholder is now STRATONI LIMITED, located at 5 Bourlet Close, London, W1W 7BL, London, United Kingdom, with its registration number being 7063609 and a 52.94% stake with 550 out of a possible 1039 shares. The minority shareholder is now RIVIERA HOLDINGS INVESTMENTS LIMITED, based at 1st Floor, 41 Chalton Street, London, NW1 1JD, United Kingdom, with its registration number being 7523163 and a 47.06% stake with 489 out of a possible 1039 shares.
The two shareholders remain unchanged but the structure is now as follows:The minority shareholder is STRATONI LIMITED, registered in the United Kingdom under number 7063609 with its registered offi ce at 5 Bourlet Close, London, W1W 7BL, United Kingdom and with a subscription of 550 shares out of a total of 1354 shares (40.62%). The majority shareholder is RIVIERA HOLDINGS INVESTMENTS LIMITED, registered in the United Kingdom, under number 7523163 with its registered offi ce at First Floor, 41 Chalton Street, London, NW1 1JD, United Kingdom and with a subscription of 804 shares out of a total of 1354 (59.38 %)
2009
2008
2010
2011
2012
2007
Vineyards in the Velkopavlovické region
SHAREHOLDERS
FPD CORPORATION
BOARD OF DIRECTORS
MANAGEMENT
SUPERVISORY BOARD
FINANCEDEPARTMENT
ACCOUNTINGDEPARTMENT
LEGALDEPARTMENT
IT SUPPORTDEPARTMENT
PORTFOLIO COMPANIES &FINANCIAL INVESTMENTS
WHOLESALE & RETAIL SERVICES
FINANCIALASSETS
PRODUCTION &MANUFACTURING
FINANCIALSERVICES
REAL ESTATE &DEVELOPMENT
38 39
Corporate StructureBusiness Activities
Wholesale trade
Mediation of trade and services
Advertising and marketing
Organisation of exhibitions, trade fairs, shows, sales, and similar events
Organisation of specialised courses, training and other educational events, including lecturing
Publishing
Provision of software and consulting in the area of hardware and software
Data processing, databank services, network administration
Administration and maintenance of real estate
Lease and lending of movable assets
Services in the fi eld of administration, organisation and management
Copying
Business, fi nancial, organisational and economic consulting
illustration photo
40 41
Country: EU, USA, SEYCHELLES
In the portfolio since: December 2006
Industry sector: Investments
Business activities: Purchase of receivables and secured debts of compa-nies outside the portfolio of FPD CORPORATION CZ a.s.. Through capitalisation of receivables, FPD CORPORATI-ON CZ a.s. invests in selected companies.
Financial indicators: The total value of receivables is CZK 785,000,000
Financial Assets
Blaufränkisch grapes
42 43
Subsidiary Company Pro� les
PRODUCTION & MANUFACTURINGSEZ DK a.s.
Vinařství Mutěnice, s.r.o.
Fleret Fruit s.r.o.
Víno Trade, spol. s r.o.
WHOLESALE, RETAIL & DISTRIBUTIONCzechoslovak Spirit s.r.o.
TOTAL IMPORT, s.r.o.
WINEPOINT, s.r.o.
ROYAL Drinks Slovakia, s.r.o.
Nina –X s.r.o.
FINANCE & INVESTMENTEXCHANGE PLAN, s.r.o.
FAST HYPO, a.s.
CONSTRUCTION & DEVELOPMENT
TRUSTINVEST CR, spol. s.r.o.
PSN a.s.
TRNINY DEVELOPMENT, s.r.o.
EURO HOME DS a.s.
EURO HOME MUCHOVA a.s.
EURO HOME MUTĚNICE a.s.
EURO HOME NORTH a.s.
BEST EURO HOME a.s
SERVICESPSN a.s.
SPOROBYT, spol. s r. o.
RESORT BOROVANY s.r.o.
EURO HOME PRAGUE, s.r.o.
EURO HOME GASTRO a.s.
EURO HOME BŘÍ ČAPKŮ a.s.
EURO HOME NÁRODNÍ TŘÍDA a.s.
BLUE REALITY, s.r.o.
IT PRO SOLUTIONS s.r.o.
illustration photo
44 45
Construction & DevelopmentConstruction & Development
Company name: TRUSTINVEST CR, spol. s r. o.Country: Czech Republic
Registered offi ce: Prague/Hodonín
In the portfolio since: June 2008
Ownership interest: 100 %
Registered capital: CZK 127,512,000
Industry sector: Construction & Development
Business activities: Development and investment company operating in the fi eld of construction and the development of real estate, leasing of resi-dential and commercial premises such as restaurants, offi ce spa-ce, sports centres, production halls and warehouses. It also sells apartments, commercial premises and plots of land that can be developed in the future. Many TRUSTINVEST CR, spol. s.r.o. investments are in promising real estate development opportunities in city centres where the value (post reconstruction) is considerably increased.
Additionalinformation:
The major projects include the fi tness centre and boarding house Lipovka in Hodonín, Pizzeria Casa Mia in Hodonín, an apartment block in Dubňany – Okál, an apartment block in Hodonín – Mod-rásek, and the production and warehouse complex Kapřiška.
Financial indicators: Total assets are currently in the region of CZK 200,000,000. This fi gure is comprised mainly of real estate – 15,000 m2 which is leased privately and commercially and an additional 90,000 m2 which consists of developed land and also plots that are intended for future development.
Web: www.trustinvest.czwww.pizzacasamia.czwww.lipovka.czwww.gastrounited.cz
Company name: PSN a.s. (SK)Country: Slovak Republic
Registered offi ce: Ružomberok
In the portfolio since: April 2008
Ownership interest: 100 %
Registered capital: EUR 3,573,194 (CZK 89,830,097)*
Industry sector: Construction & Development / Services
Business activities: The company owns and manages commercial real estate as well as residential real estate in many regions of Slovakia. Commercial real estate premises include offi ce space, logistical and storage facili-ties, production halls and industrial premises. Residential premises can also be found in many prime locations throughout Slovakia.Since its establishment in 2008, the company has acquired offi ce space, commercial premises, logistics centres and parking premi-ses throughout Slovakia.
Additionalinformation:
Premises in the portfolio include retail and business centres in Dolný Kubín, Liptovský Mikuláš, Námestovo and Ružomberok, an administrative building in Ružomberok and also logistical and industrial real estate in the same region.
Financial indicators: The real estate portfolio owned by the company has a value of EUR 4,200,000(CZK 105,588,000). The portfolio is comprised of 12,000 m2 of leased premises and 30,000 m2 of developed areas and plots of land.
Web: www.psnas.sk
* As of 31 December 2012 according to the exchange rate of the Czech National Bank – foreign currency – mean value
Apartment blocks constructed by EURO HOME DS a.s.
46 47
Company name: EURO HOME DS a.s.Country: Slovak Republic
Registered offi ce: Bratislava
In the portfolio since: November 2007
Ownership interest: 100 %
Registered capital: EUR 225,639 (CZK 5,672,564)*
Industry sector: Construction & Development
Business activities: Construction of apartment blocks on a pre-acquired plot of land in Dunajská Streda. The completed apartments are now available for rent or purchase.
Additionalinformation:
The completed project comprises 3 apartment blocks, each with 3 fl oors. In total there will be 66 apartments each with a fl oor space of either 40 m2 or 42.15 m2.
Web: www.eurohomeds.sk
* As of 31 December 2012 according to the exchange rate of the Czech National Bank – foreign currency – mean value
Company name: TRNINY DEVELOPMENT, s.r.o.Country: Czech Republic
Registered offi ce: Hodonín
In the portfolio since: September 2007
Ownership interest: 10% owned by FPD CORPORATION CZ a.s., 90% owned by TRUSTINVEST CR, spol. s.r.o.
Registered capital: CZK 12,018,000
Industry sector: Construction & Development
Business activities: The company has now completed the development of 28 indi-vidual plots of land in Moravia. These plots which are suitable for detached dwellings come complete with all required utilities and are currently being sold to the general public (22 remaining). The combined plots occupy a 28,500 m2 area of land.
Company name: EURO HOME MUTĚNICE a.s. Country: Czech Republic
Registered offi ce: Prague
In the portfolio since: November 2007
Ownership interest: 100 %
Registered capital: CZK 2,000,000
Industry sector: Construction & Development
Business activities: Construction of 2 apartment blocks on a pre-acquired plot of land in Mutěnice. The completed apartments will be available for rent or purchase.
Additionalinformation:
The project will involve the construction of 2 apartment blocks with a total of 36 apartments ranging in size from 40 m2 to 45 m2. The ground fl oor apartments will be available with gardens.
Company name: EURO HOME MUCHOVA a.s. Country: Czech Republic
Registered offi ce: Prague
In the portfolio since: November 2007
Ownership interest: 100 %
Registered capital: CZK 2,000,000
Industry sector: Construction & Development
Business activities: The company acquired a development site near the centre of Ho-donín. The building had previously served as a medical centre and pharmacy.
Additionalinformation:
The proposed plan is to completely redevelop the whole site. The remaining structure will be demolished and the intention is to construct 8 detached dwellings.
Apartment blocks constructed by EURO HOME DS a.s.
Construction & DevelopmentConstruction & Development
48 49
* As of 31 December 2012 according to the exchange rate of the Czech National Bank – foreign currency – mean value
Company name: EURO HOME NORTH a.s.Country: Slovak Republic
Registered offi ce: Bratislava
In the portfolio since: December 2007
Ownership interest: 100 %
Registered capital: EUR 529,509 (CZK 13,311,856)*
Industry sector: Construction & Development
Business activities: Construction of three apartment blocks on a pre-acquired plot of land in Banská Bystrica. The completed apartments will be availa-ble for rent or purchase.
Additionalinformation:
The project will comprise 3 blocks, each with 4 storeys and a com-bined total of 90 apartments.
Company name: BEST EURO HOME a.s.Country: Czech Republic
Registered offi ce: Prague
In the portfolio since: November 2007
Ownership interest: 100 %
Registered capital: CZK 10,000,000
Industry sector: Construction & Development
Business activities: Construction of an apartment block on a pre-acquired plot of land in Kladno - Kročehlavy. The completed apartments will be availa-ble for rent or purchase.
Additionalinformation:
The seven-storey apartment block will have a total of 60 apartments.
Apartment blocks constructed by EURO HOME DS a.s.
Construction & DevelopmentConstruction & Development
50 51
ServicesServices
Company name: SPOROBYT, spol. s r. o.Country: Czech Republic
Registered offi ce: Hodonín
In the portfolio since: January 2012
Ownership interest: 100 %
Registered capital: CZK 25,829,000
Industry sector: Services
Business activities: SPOROBYT, spol. s r.o. was founded in 2004.
Additionalinformation:
The company is involved in the letting and management of a vari-ety of apartment blocks, multi-purpose buildings and commercial premises. There are several hundred units in the management portfolio. SPOROBYT, spol. s.r.o. is also involved in the operation and management of a group of catering and hospitality outlets in Hodonín – Gastro United, which has a total seating capacity of 500. SPOROBYT is also responsible for the operation and manage-ment of the Lipovka Hotel and fi tness & relax centre in Hodonín. The hotel can accommodate up to 39 people.
Web: www.lipovka.cz, www.gastrounited.cz, www.pizzacasamia.cz
Company name: RESORT BOROVANY s.r.o.Country: Czech Republic
Registered offi ce: Prague / Hluboká u Borovan
In the portfolio since: December 2007
Ownership interest: 100 %
Registered capital: CZK 26,823,000
Industry sector: Services
Business activities: The company owns and leases plots of land as well as the accom-panying real estate in an area near to Hluboká u Borovan. The plots of land are used as a game preserve.
Additionalinformation:
The total area of land owned by the company is 54 hectares, of which 49 hectares is grassland and 5 hectares is forest land.
Company name: EURO HOME GASTRO a.s. Country: Czech Republic
Registered offi ce: Prague
In the portfolio since: November 2007
Ownership interest: 100 %
Registered capital: CZK 5,300,000
Industry sector: Services
Business activities: The company is the sole proprietor of the largest group of bars and restaurants in the centre of Hodonín.
Additionalinformation:
The group includes restaurants Casa Mia, Taverna and U Piráta as well as bars Štola and Plechárna. The total combined seating capa-city is 500.
Web: www.gastrounited.czwww.pizzacasamia.cz
Company name: EURO HOME PRAGUE, s.r.o. Country: Czech Republic
Registered offi ce: Hodonín
In the portfolio since: June 2007
Ownership interest: 100 %
Registered capital: CZK 200,000
Industry sector: Services
Business activities: Lease of residential real estate. Provision of tenure and services as per the tenancy agreement.
Additionalinformation:
The company is responsible for the letting and management of a luxury apartment in the centre of Prague.
Pizzeria Casa Mia
52 53
ServicesServices
Company name: EURO HOME NÁRODNÍ TŘÍDA a.s.Country: Czech Republic
Registered offi ce: Prague
In the portfolio since: November 2007
Ownership interest: 100 %
Registered capital: CZK 10,110,000
Industry sector: Services
Business activities: Rent and lease of 42 apartments and commercial space.
Additionalinformation:
The entire property was purchased in December 2011. The 42 apartments will be let to the general public and the commercial space (874 m2) will be modifi ed in order to create 6 separate retail units.
Company name: EURO HOME BŘÍ ČAPKŮ a.s.Country: Czech Republic
Registered offi ce: Prague
In the portfolio since: March 2011
Ownership interest: 100 %
Registered capital: CZK 7,000,000
Industry sector: Services
Business activities: The letting and management of 113 apartments in Hodonín.
Additionalinformation:
In August 2011 the company bought the apartment block which comprises 103 single room apartments and 10 two room apartments. The company rents the whole block to SPOROBYT, spol. s.r.o. and then the individual apartments are subsequently rented to the general public.
Company name: BLUE REALITY, s.r.o.Country: Czech Republic
Registered offi ce: Prague
In the portfolio since: July 2012
Ownership interest: 100 %
Registered capital: CZK 200,000
Industry sector: Services
Business activities: BLUE REALITY, s.r.o. is a real estate agency with a wealth of talent and experience in this sector. For the second year running it has successfully represented the largest construction and develop-ment company in the region which has a portfolio of over CZK 300 million (TRUSTINVEST CR, spol. s.r.o.).
Web: www.realityblue.cz
Company name: IT PRO SOLUTIONS s.r.o.Country: Czech Republic
Registered offi ce: Prague
In the portfolio since: October 2007 (current activities 2012)
Ownership interest: 100 %
Registered capital: CZK 200,000
Industry sector: Services
Business activities: Provision of a comprehensive range of IT services and support.
Additionalinformation:
The company provides IT services and support to all the compa-nies in the FPD CORPORATION CZ portfolio. IT PRO SOLUTIONS is responsible for creating, supplying, installing and maintaining all the hardware and software requirements of the company. For example servers, networks, computers, websites, cash registers, surveillance systems, alarms and telephones etc.
Pizzeria Casa Mia
54 55
Production & ManufacturingProduction & Manufacturing
Company name: SEZ DK a.s.Country: Slovak Republic
Registered offi ce: Dolný Kubín
In the portfolio since: December 2009
Ownership interest: 100 %
Registered capital: EUR 4,654,587 (CZK 117,016,317)*
Industry sector: Production & Manufacturing
Business activities: SEZ DK a.s. is a relatively newly established company that was set up to continue the 65 year tradition of development, manufacture and sale of electrical installation materials in Dolný Kubín.
Additionalinformation:
For the purpose of product development and improvement, the company uses its own development facilities and tool room for the production and manufacture of press forms and tools. The company is also off ering its services to external customers. It is becoming the leader in the development, manufacture and sale of electrical installation materials in Europe, South Asia and North Africa.The company’s product range includes electrical installation ma-terials for domestic and industrial use, as well as components for the automobile and electrical engineering industry.
Web: www.sez.sk
* As of 31 December 2012 according to the exchange rate of the Czech National Bank – foreign currency – mean value
Company name: Vinařství Mutěnice, s.r.o.Country: Czech Republic
Registered offi ce: Mutěnice
In the portfolio since: November 2012
Ownership interest: 60 %
Registered capital: CZK 61,160,000
Industry sector: Production & Manufacturing
Business activities: Vinařství Mutěnice, s.r.o. has been operating in the Czech market-place since 1997. It is a dynamic, profi t focussed company that combines state of the art technology with centuries-old traditi-onal processes of vine growing and wine making. Based in the heart of one of the largest wine producing regions in the country, Vinařství Mutěnice is now at the forefront of the marketplace in the Czech Republic and maintains hundreds of hectares of viney-ards in the Slovácké and Velkopavlovické regions. The company obtains its supply of the highest quality produce from several hundred hectares of vineyards and orchards in the region, and currently employs more than 50 people. The whole plot covers an area in excess of 20,000m2, of which 5,000 m2 is made up of the production facility, offi ce space and storage.
Additionalinformation:
Since its founding the winery has developed into one of the lar-gest importers of wine and grapes in the Czech Republic, with a total production(since conception) of approximately 260 million litres, thus making it one of the largest wine companies in the Czech Republic.
Financial indicators: The company regularly achieves annual turnover in excess of CZK 500 million.
Web: www.vinarstvimutenice.cz
Production line at Vinařství Mutěnice, s.r.o.
56 57
Company name: FLERET FRUIT s.r.o.Country: Czech Republic
Registered offi ce: Brno-Zábrdovice
In the portfolio since: September 2010
Ownership interest: 90% (through TRUSTINVEST CR, spol. s.r.o.)
Registered capital: CZK 200,000
Industry sector: Production & Manufacturing
Business activities: The company is involved in the production of a wide assortment of fruit based alcoholic beverages, such as traditional plum bran-dy, pear brandy, apricot brandy and cherry brandy.
Additionalinformation:
The selection of high-quality fruits is processed by the most modern production techniques, while still observing processes proven by a 160-year history of distillates production. No sugar or other (chemical) substances are added to the fruit. The ma-nufacturing process complies with EU regulations and the strict Foodstuff s Act that prohibits the use of sugar and other additives that might aff ect the taste or aroma of the genuine fi nished pro-duct.The company’s products are distributed to the largest retail cha-ins in the Czech and Slovak Republics. In 1995 Fleret Trade s.r.o. won the “Golden Salima” at the 16th annual trade fair in Brno.
Web: www.fl erettrade.cz
Company name: Víno Trade, spol. s r.o.Country: Czech Republic
Registered offi ce: Mutěnice
In the portfolio since: December 2011
Ownership interest: 67% (through TOTAL IMPORT, s.r.o.)
Registered capital: CZK 100,000
Industry sector: Production & Manufacturing
Business activities: The primary activity of the company is the production and distri-bution of grape and fruit wine in Tetra Paks.
Production line at Vinařství Mutěnice, s.r.o.
Production & ManufacturingProduction & Manufacturing
58 59
Wholesale, Retail & DistributionWholesale, Retail & Distribution
Company name: Czechoslovak Spirit s.r.o.Country: Czech Republic
Registered offi ce: Prague
In the portfolio since: June 2008
Ownership interest: 100 %
Registered capital: CZK 17,000,000
Industry sector: Wholesale, Retail & Distribution
Business activities: Czechoslovak Spirit s.r.o. is one of the leading importers and distri-butors of alcoholic beverages, soft drinks and wines in the Czech and Slovak Republics.In the Czech market, the company is the exclusive representative for the companies Fleret Trade s. r.o. (CR), TOSO spa. (IT), Engel Foreign Food B.V. (NL), Binderer St. Ursula (DE), Suvorov-Viv S.R.L. (MD), Alita (LT), Karloff (SK), Oshee (PL), Trentine Destillerie (IT), Freihoff (AT), J.Garcia Carion (ES), Tera Serena (IT),Tosti (IT), Vinipara (PT), Royal Sekt (HU), Vinařství Mutěnice (CZ),Total Import (CZ), Vinarské závody Krupina (SK).Among the best-selling brands are Fleret Slivovice (Plum),Fleret Hruškovice (Pear), Fleret Fruit Original, Fleret Fruit Premium, Va-lašská Pear, Valašská Plum, Stalin’s Tears Vodka, Karloff Tatratea, Bombardino, Fizzy BOOM Vodka, Fiorelli, Damat, TOP Aloe Vera, CannaBIS Ice Tea, WATER&, Old Porter and Baron Wine, Vitamin water Oshee, Porto Convelto Velho, Artspritz, Bestivo.
Additionalinformation:
The company supplies its products to the largest chains operating in the Czech and Slovak markets, such as Tesco, Hypernova, Inter-spar, Globus, Penny Market, Albert, Makro, Lekkerland, Kaufl and, Coop, Jednota, Spar Šumava, Eso Market, Metro, Shell, Benzina, OMV, Agip, Lukoil , Rossmann, DM drogery market, Jip, Torel, Paar, Tvin, Jaso, Qvanto, Vrtal, Wine Life, Dios, Nuget and many others.
Financial indicators: Company turnover has increased fi ve-fold since its founding in 2006 and in 2011 the fi gure broke through the CZK 300 million threshold which was an incredible achievement when conside-ring the current fi nancial climate. All this comes as a result of the sustained ongoing commitment of FPD CORPORATION CZ a.s. which has brought not only fi nancial support but also support in terms of the internal restructuring within the organisation.
Web: www.czechoslovakspirit.cz
Company name: TOTAL IMPORT, s.r.o.Country: Czech Republic
Registered offi ce: Prague
In the portfolio since: April 2011
Ownership interest: 100 %
Registered capital: CZK 19,701,000
Industry sector: Wholesale, Retail & Distribution
Business activities: TOTAL IMPORT s.r.o. is a leading importer of wines, spirits, soft drinks, fruit concentrates and purées from Serbia and Macedonia. The company supplies its products to a wide range of customers in central Europe.
Additionalinformation:
The company is the exclusive wholesale representative for VINO ZUPA (Serbia) and POVARDARIE (Macedonia) in the Czech and Slovak Re-publics. The company owns 67% of Vino Trade which is responsible for the distribution of all TOTAL IMPORT products.
Company name: WINEPOINT, s.r.o.Country: Czech Republic
Registered offi ce: Prague
In the portfolio since: May 2011
Ownership interest: 100 % (through TOTAL IMPORT, s.r.o.)
Registered capital: CZK 200,000
Industry sector: Wholesale, Retail & Distribution
Business activities: WINEPOINT, s.r.o. is a newly established chain of retail outlets, spe-cialising in providing high quality and well-known wines, spirits and non-alcoholic beverages at unbeatable prices.
Additionalinformation:
The concept of the brand, WINEPOINT, s.r.o., was inspired by the growing popularity and interest from customers in wine and viticul-ture. Our goal is to provide this ever expanding customer base with quality products at an aff ordable price, from easily accessible locati-ons. We believe that WINEPOINT, s.r.o. will very quickly become the number one company in the region in terms of the number and location of outlets, the products that are available, the prices, the design of the stores and in general the whole customer experience.
Web: www.wine-point.com
Slivovice Pečeť 50%, Fleret Trade, spol. s r.o.
60 61
Company name: ROYAL Drinks Slovakia, s.r.o.Country: Slovenská republika
Registered offi ce: Banská Bystrica
In the portfolio since: February 2011
Ownership interest: 100 %
Registered capital: EUR 240,000 (CZK 6,033,600)*
Industry sector: Wholesale, Retail & Distribution
Business activities: ROYAL Drinks Slovakia, s.r.o. was founded in 2008. The primary busi-ness activity is the import and distribution of wines, spirits and soft drinks. The company is the exclusive wholesaler of the Czech brand Fleret, as well as Trentine (IT), VINCENTE GANDIA PLA (ES), SODIKO (BE), BOSTAVAN (MD) and St. URSULA (AT). In 2011 the company began to cooperate with the Czech company, TOTAL IMPORT s.r.o., and this has resulted in a signifi cant increase in turnover.
Additionalinformation:
ROYAL Drinks sells its products to Kaufl and, Tesco, Carrefour, Ahold, Terno-Coop and Metro as well as the independent market.
Web: www.royal-slovakia.sk
* As of 31 December 2012 according to the exchange rate of the Czech National Bank – foreign currency – mean value
Company name: Nina-X s.r.o. (Flyracing)Country: Czech Republic, Slovak Republic, Germany, Italy, Hungary, Austria,
Switzerland, Lithuania, Latvia and Estonia
Registered offi ce: Hodonín
In the portfolio since: January 2009
Ownership interest: 100% (through TRUSTINVEST CR, spol. s.r.o.)
Registered capital: CZK 4,200,000
Industry sector: Wholesale, Retail & Distribution
Business activities: Exclusive distributor for the US company Flyracing. Dealership for “Parts Europe” in the Czech and Slovak Republics.
Nina-X s.r.o. has been operating in the market since 2009 and since its founding several leading motocross brands, including Flyracing and DNA, have been added to the product range. In the autumn of 2009 www.dnx-shop.cz was launched where custo-mers can make online purchases of the complete product range. Thanks to its proven track record and experience in the marketpla-ce the company was also successful in securing the distribution rights for Parts Europe, the largest wholesale distributor of motor-cycle spare parts in the world.
Additionalinformation:
With the strong backing of FPD CORPORATION CZ a.s. Nina-X has suffi cient resources to explore new product ranges and also to expand as a company, not just in the domestic marketplace but internationally as well.
Web: www.fl yracing.czwww.dnx-shop.cz
Slivovice Pečeť 50%, Fleret Trade, spol. s r.o.
Wholesale, Retail & DistributionWholesale, Retail & Distribution
62 63
Finance & InvestmentFinance & Investment
Company name: FAST HYPO, a.s.Country: Czech Republic
Registered offi ce: Prague
In the portfolio since: August 2009
Ownership interest: 100 %
Registered capital: CZK 50,001,000
Industry sector: Finance & Investment
Business activities: Provision of mortgage loans. Management and collection of receivables.
Web: www.fasthypo.cz
Company name: EXCHANGE PLAN, s.r.o.Country: Slovenská republika
Registered offi ce: Bratislava
In the portfolio since: November 2011
Ownership interest: 100 %
Registered capital: EUR 12,500,000 (CZK 314,250,000)*
Industry sector: Finance & Investment
Business activities: The primary activities of EXCHANGE PLAN, s. r. o. involve the co-llection and management of receivables. Currently the company’s portfolio includes receivables in excess of EUR 30 million (CZK 750 million) from individuals within the Central European Region, as well as other receivables worth tens of millions of Euros that are under management.
Web: http://www.exchangeplan.sk/
* As of 31 December 2012 according to the exchange rate of the Czech National Bank – foreign currency – mean value
illustration photo
64 65
Balance sheet (to nearest CZK ´000) 31. 12. 12 31. 12. 11 31. 12. 2010
TOTAL ASSETS 1 663 944 000 1 070 670 000 1 016 093 000
Fixed assets 853 180 000 520 259 000 485 256 000
Tangible fixed assets 1 562 000 2 603 000 20 000
Intangible fixed assets 50 000 90 000 0
Long-term financial assets 851 568 000 517 566 000 485 236 000
Current assets 810 108 000 550 382 000 530 795 000
Long-term receivables 25 600 000 10 069 000 430 238 000
Short-term receivables 784 475 000 538 798 000 90 393 000
Short-term financial assets 33 000 1 515 000 10 164 000
Accruals and deferrals 656 000 29 000 42 000
In 2012 the total value of the assets of FPD Corporation CZ a.s. increased by 55.41% when compared with the figure from 2011. 51.18% of the total assets are comprised of fixed assets, i.e. equity in subsidiary companies. This is an increase of 64.53% when compared to 2011.
In 2012 current assets represented 48.69% of total assets which was an increase of 47.19% from the previous year.
Balance sheet (to nearest CZK ´000) 31. 12. 2012 31. 12. 2011 31. 12. 2010
TOTAL LIABILITIES AND EQUITY 1 663 944 000 1 070 670 000 1 016 093 000
Equity 1 272 384 000 959 436 000 957 582 000
Share capital 1 354 000 000 1 039 000 000 1 039 000 000
Changes in registered capital
Capital contributions -162 323 000 -153 467 000 -145 246 000
Reserve funds 4 630 000 4 126 000 2 486 000
Retained earnings 69 274 000 59 702 000 28 545 000
Profit or loss for the current period 6 803 000 10 075 000 32 797 000
Liabilities 391 560 000 111 232 000 58 511 000
Long-term payables 201 120 000 23 142 000
Short-term liabilities 166 450 000 111 232 000 35 369 000
Bank loans 23 990 000 0 0
Accruals and deferrals 0 2 000 0
The liabilities of the company are covered by a significant portion of equity, which constitutes 76.47% of total liabilities. The most important items that constitute the equity are the registered capital, retained earnings and profit from the current period. Capital contributions equated to CZK - 162.323 million.
In 2012 long and short-term liabilities represented 23.53% of the total liabilities. This was an increase of 252.02% from 2011. As of December 31st 2012 the company had bank loans in the amount of CZK 24 million.
Profit and loss statement (to nearest CZK ´000)
31. 12. 2012 31. 12. 2011 31. 12. 2010
TOTAL REVENUES 68 832 000 80 314 000 268 845 000
Sales of services 4 000 0 0
Revenues from sale of fixed assets 0 900 000 0
Other operating revenues 52 376 000 23 905 000 224 210 000
Revenues from sales of shares and ownership interests
0 34 113 000 200 000
Income from long-term financial assets 5 373 000 10 472 000 33 413 000
Interest income 6 968 000 6 605 000 8 353 000
Other financial revenues 4 111 000 4 319 000 2 669 000
Profit and loss statement (to nearest CZK ´000)
31. 12. 2012 31. 12. 2011 31. 12. 2010
TOTAL COSTS 62 029 000 70 239 000 236 048 000
Cost of sales 4 458 000 3 431 000 3 084 000
Staff costs 4 604 000 4 340 000 3 403 000
Taxes and charges 12 000 12 000 15 000
Other operating expenses 43 559 000 25 130 000 224 429 000
Shares and ownership interests sold - 31 133 000 200 000
Interest expense 3 276 000 1 663 000 1 582 000
Other financial expenses 3 826 000 2 858 000 2 085 000
Tax on profit or loss on ordinary activites 1 213 000 971 000 1 250 000
Depreciation 1 081 000 701 000
Profit and loss statement (to nearest CZK ´000)
31. 12. 2012 31. 12. 2011 31. 12. 2010
Net profit or loss for the period 6 803 000 10 075 000 32 797 000
Profit or loss on ordinary activities 6 803 000 10 075 000 32 797 000
Operating profit or loss for the period -1 334 000 -8 809 000 -6 749 000
Financial profit or loss for the period 9 350 000 19 855 000 40 796 000
Profit or loss on extraordinary activities after tax
0 0 0
Net profit for the period amounted to CZK 6.803 million which was a decrease of 32.48% when compared with 2011 and can be attributed to an increase in operating costs. Due to ongoing expansion and investment in new projects the company has been running with an ever increasing operating loss since its founding. However, the profit and loss statements reflect strong performances from the subsidiary companies which are in a position to make dividend payments. This in turn has had a positive influence on the overall profitability of FPD CORPORATION CZ a.s..
Financial Review
66 67
Total CZK 6,803,000 (100 %)
CZK 340,150 (5 %)
CZK 6,462,850 (95 %)RETAINED PROFIT
RESERVE FUND
Proposal for Profi t Distribution / Loss CoverageAt the General Meeting in 2013 the Board of Directors will submit the company’s financial statements and proposal for the distribution of the profit from 2012 as follows:
Profit for the tax period of 2012 in the amount of CZK 6,803,000 to be reported in the company’s accounts as follows:
5 % of the profit amounting to CZK 340,150 to be allocated to the reserve fund account.
95 % of the profit amounting to CZK 6,462,850 to be allocated to the account of retained profit.
Pizzeria Casa Mia
68 69
Independent Auditor´s Report
001
A. 002
B. 003
B. I. 004
B. I. 1. 005
2. 006
3. 007
4. 008
5. 009
6. 010
7. 011
8. 012
B. II. 013
B. II. 1. 014
2. 015
3. 016
4. 017
5. 018
6. 019
7. 020
8. 021
9. 022
B. III. 023
B. III. 1. 024
2. 025
3. 026
4. 027
5. 028
6. 029
7. 030
Other securities and shares
Loans to controlled and controlling organizations and to accounting unit with substantial influence
851 568
840 846
3 302
1 070 670
520 259
90
90
2 603
1 663 944
853 180
50
110 00
FPD CORPORATION CZ, a.s.Václavské náměstí 846/1Praha 1
(in thousands CZK)
Previous Accounting Period Net
4
Current Accounting Period
Gross 1
Adjustment 2 Net 3
27 643 549Month
Name and registered office of the unit:
BALANCE SHEETin full extent as at
-1 811
-71
Row
c
Intangible fixed assets (r.05 to 12)
ASSETS bIdentifi-
cation
a
Year identification nu.12
-1 811
2012
Receivables from subscriptions
31.12.12
1 665 755
854 991
121
Research and development
Incorporation expenses
TOTAL ASSETS (r. 02 + 03 + 31 + 62)
Fixed assets (r. 04 + 13 + 23)
Lands
Constructions
Equipment
Perennial corps
Breeding and draught animals
Other tangible fixed assets
Shares - controlled organizations
Other financial investments
Advance payments for long-term financial assets
Financial investments acquired
Long-term financial assets (r. 24 to 30)
Tangible fixed assets under construction
Shares in accounting units with substantial influence
Advance payments for tangible fixed assets
Adjustment to acquired assets
517 546
20
10 702
20
840 846
20
10 702
851 568 517 566
-71
Intangible fixed assets under construction
Other intangible fixed assets
3 302 -1 740
Advance payments for intangible fixed assets
Tangible fixed assets (r.14 to 22)
Goodwill ( +/- )
Valuable rights
121Software
Minimum compulsory information under
Regulation 500/2002 Coll.
-1 740 2 6031 562
50
1 562
C. 031
C. I. 032
C. I. 1. 033
2. 034
3. 035
4. 036
5. 037
6. 038
C. II. 039
C. II. 1. 040
2. 041
3. 042
4. 043
5. 044
6. 045
7. 046
8. 047
C. III. 048
C. III. 1. 049
2. 050
3. 051
4. 052
5. 053
6. 054
7. 055
8. 056
9. 057
C. VI. 058
C. IV.1. 059
2. 060
3. 061
4. 062
D. I. 063
D. I. 1. 064
2. 065
3. 066
Long-term deposits given 17
Trade receivables
Estimated receivable
Receivables from controlled and controlling organizations
540 534
Other receivables
Deffered tax receivable
784 475
39 691
Receivables from accounting units with substantial influence
Row
c
Current assets (r. 32 + 39 + 47 + 57)
Inventory (r.33 to 38)
Long-term receivables (r. 40 to 47)
Work in progress and semi-products
21 328
4 255
Materials
810 108
Gross 1
17
Current Accounting Period
388Short-term deposits given 268 268
1
Short-term receivables (r. 49 to 57)
Due from state - tax receivable
Receivables from social security and health insurance
66 395
540 534
39 691
9 835
784 475
310 155
538 798
Receivables from accounting units with substantial influence9 835
Receivables from partners, cooperative members and association members
10 069
5 851
4 200
25 600
21 328
18
Identifi-
cation
a
ASSETS b
161 859
Estimated receivable
Other receivables 194 147 194 147
1 515
1 081
33 33
Bank accounts
16 16Cash
Short-term financial assets (r. 59 to 62)
30
17
656
Short-term securities and ownership interests
Deferred expenses 30
Short-term financial assets acquired
Accruals (r. 64 to 66) 29
17
656
434
Finished products
Animals
Merchandise
Advance payments for inventory
Trade receivables
Receivables from controlled and controlling organizations
Receivables from partners, cooperative members and association members
Deferred income 626 626
29
Complex deferred costs
25 600
4 255
550 382
Adjustment 2 Net 3
810 108
Previous Accounting Period Net
4
30
29656
626
29
70 71
067
A. 068
A. I. 069
A. I. 1. 070
2. 071
3. 072
A. II. 073
A. II. 1. 074
2. 075
3. 076
4. 077
5. 078
A. III. 079
A. III. 1. 080
2. 081
A. IV. 082
A. IV.1. 083
2. 084
A. V. 085
B. 086
B. I. 087
B. I. 1. 088
2. 089
3. 090
4. 091
B. II. 092
B. II. 1. 093
2. 094
3. 095
4. 096
5. 097
6. 098
7. 099
8. 100
9. 101
10. 102
TOTAL LIABILITIES (r. 68 + 86 + 119)
Equity (r. 69 + 73 + 79 + 82 + 85 )
Registered capital (r. 70 to 72 )
Capital funds (r. 74 to 78)
Reserve funds, statutory reserve account for cooperatives, and other retained earnings (r. 80 + 81)
Profit / loss - previous year (r. 83 + 84)
Other sources (r. 87 + 92 + 103 + 115)
Reserves (r. 88 to 91)
Long-term payables (r. 93 to 102)
Diferences from revaluation in tranformation of companies ( +/- )
Deffered tax liability
Issues bonds
Long-term notes payables
Estimated payables
Other payables
Payables to accounting units with substantial influence
Payables from partners, cooperative members and association members
Long-term advances received
Trade payables 201 120
Income tax reserves
Other reserves
Payables to controlled and controlling organizations
Reserves under special statutory regulations
Reserves for pension and similar payables
201 120
391 560 111 232
Accumulated losses from previous years
Profit / loss - current year (+/-) 6 803 10 075
69 274 59 702
Retained earnings from previous years 69 274 59 702
Legal reserve fund / indivisible fund 4 630 4 126
Statutory and other funds
Other capital funds
Diferences from revaluation of assets and liabilities ( +/- )-162 323 -153 467
Diferences from tranformation of companies ( +/- )
4 630 4 126
1 354 000 1 039 000
Registered capital 1 354 000 1 039 000
-162 323 -153 467
Share premium
Company´s own shares and ownership interests (-)
Changes of registered capital ( +/- )
Previous Accounting Period 6
1 663 944 1 070 670
1 272 384 959 436
Identifi-cation
a
LIABILITIES b
Row c
Current Accounting Period 5
B. III. 103
B. III. 1. 104
2. 105
3. 106
4. 107
5. 108
6. 109
7. 110
8. 111
9. 112
10. 113
11. 114
B. IV. 115
B. IV. 1. 116
2. 117
3. 118
C. I. 119
C. I. 1. 120
2. 121
Note:
18.06.13
Legal form of the accounting unit Business objective
Short-term payables (r. 104 to 114)
Bank loans and financial accomodations (r. 116 to 118)
Accruals (r. 120 + 121)
Ing. Jakub Antoš, prokurista
Set up on: Signature record of the statutory body of the accounting unit
Deffered revenues
23 990
Long-term bank loans
2
Accrued expenses 2
Short-term bank loans 23 990
Short-term accomodations
Issues bonds
Estimated payables 204 261
Other payables 45 471 21 684
Payables to social securities and health insurance 90 114
Due from state - tax liabilities and subsidies 156 213
Short-term deposits received
Payables to accounting units with substantial influence
Payables from partners, cooperative members and association members17 663 35 179
Payroll 238 197
166 450 111 232
Trade payables 82 989 35 713
Payables to controlled and controlling organizations19 639 17 871
Identifi-cation
a
LIABILITIES b
Row c
Current Accounting Period 5
Previous Accounting Period 6
72 73
31.12.2012
Year Month2012 12
I. 01
A. 02
+ 03
II. 04
II. 1. 05
2. 06
3. 07
B. 08
B. 1. 09
B. 2. 10
+ 11
C. 12
C. 1. 13
C. 2. 14
C. 3. 15
C. 4. 16
D. 17
E. 18
III. 19
III. 1. 20
2. 21
F. 22
F. 1. 23
2. 24
G. 25
IV. 26
H. 27
V. 28
I. 29
* 30
Transfer of operating expenses 0 0
Operating profit / loss -1334 -8809
Other operating revenues 52376 23905
Other operating expenses 43559 25130
Transfer of operating revenues 0 0
Net book value of sold fixed assets 0 0
Net book value of sold material 0 0
Change in operating reserves and adjustments and complex deferred costs ( + / - ) 0 0
Revenues from disposals of fixed assets 0 900
Revenues from disposals of materials 0 0
Net book value of diposed fixed assets and materials (r. 23+24 ) 0 0
Taxes and fees 12 12
Depreciations of intangible and tangible assets 1081 701
Revenues from disposals of fixed assets and materials (r. 20+21 ) 0 900
Renumeration of board members 0 0
Social security expenses and health insurance 1057 1095
Other social expenses 0 0
Sale margin (r. 01-02)
Production (r. 05+06+07)
4604 4340
Wages and salaries 3547 3245
4116 3108
-4454 -3431Added value (r. 03+04-08)
Personnel expenses (r. 12 to 16)
Services
Provision MF no. 500/2002
The accounting entity hands over the Financial Statement together with the Income Tax Return
identif. nu.
4458 3431
Consumption of material and energy 342 323
0 0
Capitalisation 0 0
Production consumption (r. 09+10)
Change in inventory of own products
4 0
Revenues from own products and services 4 0
0 0
0 0
110 00
Expenses on sold goods
Reality in the accounting period
Current period 1
Last period 2
Revenues from sold goods 0 0
Row c
FPD CORPORATION CZ, a.s.
Name and registered office of the unit:
Profit/Loss Account in full extent as at
(in thousand CZK)
Václavské náměstí 846/127 643 549 Praha 1
Minimal obligatory listing of information mentioned in
to the Tax Authority in one copy.
Identification
a
TEXT b
VI. 31
J. 32
VII. 33
VII. 1. 34
2. 35
3. 36
VIII. 37
K. 38
IX. 39
L. 40
M. 41
X. 42
N. 43
XI. 44
O. 45
XII. 46
P. 47
* 48
Q. 49
Q. 1. 50
2. 51
** 52
XIII. 53
R. 54
S. 55
S. 1. 56
2. 57
* 58
T. 59
*** 60
**** 61
Note:
8016 11046
Legal form of the accounting unit Business objective
Set up on: Signature record of the statutory body of the accounting unit
18.06.13
Profit / loss before tax (+/-) (ř. 30 + 48 + 53 - 54)
Trasfer profit ( loss ) to partners (+/-) 0 0
6803 10075
Tax deferred 0 0
0Operating profit / loss extraordinary activity (ř. 53 - 54 -55 )
Profit / loss of current accounting period (+/-) (ř. 52 + 58 - 59)
Extraordinery expenses 0 0
0
0 0
Due tax 0 0
Income tax on extraordinery income (ř. 56 + 57)
Tax deferred 0 0
6803 10075
Extraordinery revenues 0 0
Operating profit / loss ordinary activity (ř. 30 + 48 - 49)
1213 971
Due tax 1213 971
Transfer of financial expenses 0 0
Profit / loss from financial operations ( transactions ) 9350
Income tax on ordinary income (ř. 50 + 51)
Other financial revenues 4111 4319
19855
Other financial expenses 3826 2858
Transfer of financial revenues 0 0
Change in financial reserves and adjustments ( + / - ) 0 0
Interest revenues 6968 6605
Interest expenses 3276 1663
Expenses associated with financial assets 0 0
Revenues from revaluation of securities and derivatives 0 0
Cost of revaluation of securities and derivatives 0 0
Revenues from others securities and ownership interests 0 0
Revenues from other long-term financial assets 0 0
Revenues from short-term financial assets 0 0
5373 10472
Revenues from shares in controlled organizations and in accounting units with subsantial influence 5373 10472
Revenues from sales of securities and ownership interests 0 34113
Sold securities and ownership interests 0
Revenues from long-term financial assets ( ř. 34 + 35 + 36)
31133
Identification
a
TEXT b Row c Reality in the accounting period
Current period 1
Last period 2
VI. 31
J. 32
VII. 33
VII. 1. 34
2. 35
3. 36
VIII. 37
K. 38
IX. 39
L. 40
M. 41
X. 42
N. 43
XI. 44
O. 45
XII. 46
P. 47
* 48
Q. 49
Q. 1. 50
2. 51
** 52
XIII. 53
R. 54
S. 55
S. 1. 56
2. 57
* 58
T. 59
*** 60
**** 61
Note:
8016 11046
Legal form of the accounting unit Business objective
Set up on: Signature record of the statutory body of the accounting unit
18.06.13
Profit / loss before tax (+/-) (ř. 30 + 48 + 53 - 54)
Trasfer profit ( loss ) to partners (+/-) 0 0
6803 10075
Tax deferred 0 0
0Operating profit / loss extraordinary activity (ř. 53 - 54 -55 )
Profit / loss of current accounting period (+/-) (ř. 52 + 58 - 59)
Extraordinery expenses 0 0
0
0 0
Due tax 0 0
Income tax on extraordinery income (ř. 56 + 57)
Tax deferred 0 0
6803 10075
Extraordinery revenues 0 0
Operating profit / loss ordinary activity (ř. 30 + 48 - 49)
1213 971
Due tax 1213 971
Transfer of financial expenses 0 0
Profit / loss from financial operations ( transactions ) 9350
Income tax on ordinary income (ř. 50 + 51)
Other financial revenues 4111 4319
19855
Other financial expenses 3826 2858
Transfer of financial revenues 0 0
Change in financial reserves and adjustments ( + / - ) 0 0
Interest revenues 6968 6605
Interest expenses 3276 1663
Expenses associated with financial assets 0 0
Revenues from revaluation of securities and derivatives 0 0
Cost of revaluation of securities and derivatives 0 0
Revenues from others securities and ownership interests 0 0
Revenues from other long-term financial assets 0 0
Revenues from short-term financial assets 0 0
5373 10472
Revenues from shares in controlled organizations and in accounting units with subsantial influence 5373 10472
Revenues from sales of securities and ownership interests 0 34113
Sold securities and ownership interests 0
Revenues from long-term financial assets ( ř. 34 + 35 + 36)
31133
Identification
a
TEXT b Row c Reality in the accounting period
Current period 1
Last period 2
VI. 31
J. 32
VII. 33
VII. 1. 34
2. 35
3. 36
VIII. 37
K. 38
IX. 39
L. 40
M. 41
X. 42
N. 43
XI. 44
O. 45
XII. 46
P. 47
* 48
Q. 49
Q. 1. 50
2. 51
** 52
XIII. 53
R. 54
S. 55
S. 1. 56
2. 57
* 58
T. 59
*** 60
**** 61
Note:
8016 11046
Legal form of the accounting unit Business objective
Set up on: Signature record of the statutory body of the accounting unit
18.06.13
Profit / loss before tax (+/-) (ř. 30 + 48 + 53 - 54)
Trasfer profit ( loss ) to partners (+/-) 0 0
6803 10075
Tax deferred 0 0
0Operating profit / loss extraordinary activity (ř. 53 - 54 -55 )
Profit / loss of current accounting period (+/-) (ř. 52 + 58 - 59)
Extraordinery expenses 0 0
0
0 0
Due tax 0 0
Income tax on extraordinery income (ř. 56 + 57)
Tax deferred 0 0
6803 10075
Extraordinery revenues 0 0
Operating profit / loss ordinary activity (ř. 30 + 48 - 49)
1213 971
Due tax 1213 971
Transfer of financial expenses 0 0
Profit / loss from financial operations ( transactions ) 9350
Income tax on ordinary income (ř. 50 + 51)
Other financial revenues 4111 4319
19855
Other financial expenses 3826 2858
Transfer of financial revenues 0 0
Change in financial reserves and adjustments ( + / - ) 0 0
Interest revenues 6968 6605
Interest expenses 3276 1663
Expenses associated with financial assets 0 0
Revenues from revaluation of securities and derivatives 0 0
Cost of revaluation of securities and derivatives 0 0
Revenues from others securities and ownership interests 0 0
Revenues from other long-term financial assets 0 0
Revenues from short-term financial assets 0 0
5373 10472
Revenues from shares in controlled organizations and in accounting units with subsantial influence 5373 10472
Revenues from sales of securities and ownership interests 0 34113
Sold securities and ownership interests 0
Revenues from long-term financial assets ( ř. 34 + 35 + 36)
31133
Identification
a
TEXT b Row c Reality in the accounting period
Current period 1
Last period 2
0
-8809
0
Note:
8016 11046
74 75
Notes to Financial Statements FPD CORPORATION CZ a.s. as at 31st December 2012
___________________________________________________________________________________
NOTES TO FINANCIAL STATEMENTS AS AT 31ST DECEMBER 2012
1. GENERAL DATA
1.1 Description of the Accounting Unit
Business name: FPD CORPORATION CZ a.s.
Registered seat: Václavské náměstí 846/1, 110 00 Prague, Czech Republic
Company no.: 276 43 549
Legal form: joint stock company
Business activities: wholesale
business and service agent
advertising activities and marketing
organization of exhibitions, trade fairs, shows, sales and
similar events
organization of specialized courses, trainings and other
educational events, including lecturing
publishing
software provider and hardware and software consulting
data processing, databank services, network administration
management and maintenance of real estates
renting and lending of movable assets
providing services in the area of administrative management
and services of organizational and economic nature
copy services
services of business, financial, organizational and economic
consultants
Notes to Financial Statements FPD CORPORATION CZ a.s. as at 31st December 2012
___________________________________________________________________________________
Balance sheet date: 31st December 2012
Compilation of financial statements: 31st May 2013
Date of registration in Register of Companies: 5th January 2007
Register court: Municipal Court in Prague, section B., file 11445
Registered capital: CZK 1.354.000.000 paid up in full amount
Shares: 1.354 bearer shares in paper form in the nominal value of CZK 1 000 000.
Structure of associates and shareholders
Associate, shareholder The amount of share capital in CZK
The amount of share capital in %
The share of voting rights in %
RIVIERA HOLDINGS, United Kingdom 804 000 000,00 59,38 59,38
STRATONI LIMITED, United Kingdom 550 000 000,00 40,62 40,62
1.2 Description of Changes in the Register of Companies
• On 10th December 2012 – increase of share capital by CZK 315.000.000 by subscription of 315 of registered certified shares in nominal value of CZK 1.000.000 denominated to bearer.
1.3 Members of Statutory and Supervisory Bodies as at Balance Sheet Date:
Position Name and surname Address
Chairman of the Board Tomáš Šupa Havlíčkova 954, 696 11 Mutěnice
Vice Chairman of the Board Ing. Roman Teťák Štúrova 436, Nižná, SR
Member of the Board Marek Prekop Wolkerova 1121/27, 851 01 Bratislava, SR
Chairman of the Supervisory Board Anton Siekel Šustekova 21, 851 04 Bratislava, SR
Member of the Supervisory Board Mgr. Ing. Tomáš Vítek Charlese de Gaulla 540/11, Praha 6
Member of the Supervisory Board Mgr. Jozef Chovanec Komenského 2233/57, Žilina, SR
76 77
Notes to Financial Statements FPD CORPORATION CZ a.s. as at 31st December 2012
___________________________________________________________________________________
2 . REGISTERED CAPITAL SHARE IN OTHER COMPANIES
The accounting unit holds registered capital shares in the following controlled and managed companies:
Company Business ID
Amount of registered
capital (CZK / €)
Share in %
Amount of equity 2012
(CZK / €)
Accounting profit 2012
EURO HOME PRAGUE, s.r.o., Bří Čapků 3222/9, 695 03 Hodonín
27729567 200 000,-
100
-775 816,43 -174 245,33
IT PRO SOLUTIONS s.r.o., Řeznická 1486/5, 695 03 Hodonín
27745091 200 000,- 100 -1 927 764,42 -798 649,53
EURO HOME BASE a.s., Řeznická 1486/5, 110 00 Praha 1
28167015 5 000 000,- 100 5 535 279,37 143 849,22
EURO HOME GASTRO a.s., Řeznická 1486/5, 110 00 Praha 1
28188187 5 300 000,- 100 5 572 422,83 47 074,10
EURO HOME MUTĚNICE a.s., Řeznická 1486/5, 110 00 Praha 1
28188926 2 000 000,- 100 2 030 268,57 -35 291,14
EURO HOME NÁRODNÍ TŘÍDA a.s., Řeznická 1486/5, 110 00 Praha 1
28188896 10 110 000,- 100 11 181 481,06 991 132,50
EURO HOME MUCHOVA a.s., Řeznická 1486/5, 110 00 Praha 1
28188942 2 000 000,- 100 1 343 466,48 -334 785,60
BEST EURO HOME a.s., Řeznická 1486/5, 110 00 Praha 1
28190807 10 000 000,- 100 9 515 164,90 -8 577,71
RESORT BOROVANY s.r.o., Václavské náměstí 846/1, 110 00 Praha 1
28214137 26 823 000,- 100 22 819 552,75 -535 842,91
Czechoslovak Spirit s.r.o., Václavské náměstí 846/1, 110 00 Praha 1
27670252 17 000 000,- 100 20 597 059,89 2 040 453,59
TRUSTINVEST CR, spol. s r.o., Václavské náměstí 846/1, 110 00 Praha 1
26914069 127 512 000,- 100 128 947 743,34 573 185,98
FAST HYPO, a.s., Václavské náměstí 846/1, 110 00 Praha 1
26485893 50 001 000 100 55 317 165,51 -376 946,84
EURO HOME DS a.s., Palisády 29/A, 811 06 Bratislava, SR
36854166 225.639,- € 100 172 088,33 € -10 148,48 €
EURO HOME NORTH a.s., Palisády 29/A, 811 06 Bratislava, SR
36854310 529 509,- € 100 466 685,40 € -5 487,81 €
Notes to Financial Statements FPD CORPORATION CZ a.s. as at 31st December 2012
___________________________________________________________________________________
PSN a.s., A. Bernoláka 6, 034 50 Ružomberok, SR
36857645 3 573 194,- € 100 3 563 193,83 € 13 656,41 €
SEZ DK a.s., M. R. Štefánka 1831/46, 026 19 Dolný Kubín, SR
36854174 4 654 587,- € 100 4 634 030,85 € 18 122,75 €
ROYAL Drinks Slovakia, s.r.o., Kremnička 3, 974 05 Banská Bystrica, SR
44047762 240 000,- € 100 181 065,60 € 36,13 €
EURO HOME BŘÍ ČAPKŮ a.s., Řeznická 1486/5, 110 00 Praha 1
24825557 7 000 000,- 100 7 476 288,98 128 434,95
EURO HOME BETA a.s., Řeznická 1486/5, 110 00 Praha 1
24825573 2 000 000,- 100 2 099 021,67 64 900,52
EURO HOME GAMA a.s., Řeznická 1486/5, 110 00 Praha 1
24827614 2 000 000,- 100 2 099 021,67 64 900,52
EURO HOME ALPHA a.s., Palisády 29/A, 811 06 Bratislava, SR
47233583 25 000,- € 100 26 907,71 € 532,61 €
EURO HOME BETA a.s., Palisády 29/A, 811 06 Bratislava, SR
47233621 25 000,- € 100 26 907,71 € 532,61 €
EURO HOME GAMMA a.s., Palisády 29/A, 811 06 Bratislava, SR
47233605 25 000,- € 100 26 907,71 € 532,61 €
SPOROBYT, spol. s r.o., Řeznická 1486/5, 110 00 Praha 1
26935074 25 829 000,- 100 22 875 594,46 1 065 828,95
BLUE REALITY, s.r.o., Řeznická 1486/5, 110 00 Praha 1
24801542 200.000,- 100 -1 225 730,85 -214 260,80
EXCHANGE PLAN, s.r.o., Růžová dolina 7, 814 39 Bratislava, SR
45718539 12 500 000,-€ 100 12 518 632,50€ 22 965,94 €
TOTAL IMPORT, s.r.o., Řeznická 1486/5, 110 00 Praha 1
24840734 19 701 000,- 33,3 32 106 263,26 2 114 348,70
TRNINY DEVELOPMENT, s.r.o., Řeznická 1486/5, 110 00 Praha 1
27728536 12 018 000,- 0,17 10 845 618,37 -1 212.784,1
Notes to Financial Statements FPD CORPORATION CZ a.s. as at 31st December 2012
___________________________________________________________________________________
NOTES TO FINANCIAL STATEMENTS AS AT 31ST DECEMBER 2012
1. GENERAL DATA
1.1 Description of the Accounting Unit
Business name: FPD CORPORATION CZ a.s.
Registered seat: Václavské náměstí 846/1, 110 00 Prague, Czech Republic
Company no.: 276 43 549
Legal form: joint stock company
Business activities: wholesale
business and service agent
advertising activities and marketing
organization of exhibitions, trade fairs, shows, sales and
similar events
organization of specialized courses, trainings and other
educational events, including lecturing
publishing
software provider and hardware and software consulting
data processing, databank services, network administration
management and maintenance of real estates
renting and lending of movable assets
providing services in the area of administrative management
and services of organizational and economic nature
copy services
services of business, financial, organizational and economic
consultants
Notes to Financial Statements FPD CORPORATION CZ a.s. as at 31st December 2012
___________________________________________________________________________________
Balance sheet date: 31st December 2012
Compilation of financial statements: 31st May 2013
Date of registration in Register of Companies: 5th January 2007
Register court: Municipal Court in Prague, section B., file 11445
Registered capital: CZK 1.354.000.000 paid up in full amount
Shares: 1.354 bearer shares in paper form in the nominal value of CZK 1 000 000.
Structure of associates and shareholders
Associate, shareholder The amount of share capital in CZK
The amount of share capital in %
The share of voting rights in %
RIVIERA HOLDINGS, United Kingdom 804 000 000,00 59,38 59,38
STRATONI LIMITED, United Kingdom 550 000 000,00 40,62 40,62
1.2 Description of Changes in the Register of Companies
• On 10th December 2012 – increase of share capital by CZK 315.000.000 by subscription of 315 of registered certified shares in nominal value of CZK 1.000.000 denominated to bearer.
1.3 Members of Statutory and Supervisory Bodies as at Balance Sheet Date:
Position Name and surname Address
Chairman of the Board Tomáš Šupa Havlíčkova 954, 696 11 Mutěnice
Vice Chairman of the Board Ing. Roman Teťák Štúrova 436, Nižná, SR
Member of the Board Marek Prekop Wolkerova 1121/27, 851 01 Bratislava, SR
Chairman of the Supervisory Board Anton Siekel Šustekova 21, 851 04 Bratislava, SR
Member of the Supervisory Board Mgr. Ing. Tomáš Vítek Charlese de Gaulla 540/11, Praha 6
Member of the Supervisory Board Mgr. Jozef Chovanec Komenského 2233/57, Žilina, SR
78 79
Notes to Financial Statements FPD CORPORATION CZ a.s. as at 31st December 2012
___________________________________________________________________________________
3 . PERSONNEL AND MEM BERS OF STATUTORY BODIES
Average recalculated count of employees of the company for accounting period is 6, from that 1 is managing body member. Personal costs incurred per employee amounted to 4.604 thousand CZK, of which 2.267 CZK thousand per managing body member.
Social security contributions for the period 12/2012 in the amount of 48.954 CZK and public health insurance contributions in the amount of 41.231 CZK were paid on 11th January 2013.
4. MONETARY OR OTHER BENEFITS GRANTED TO THE STATUTORY BODY MEM BERS
Statutory body members received no monetary or other benefits.
5. ACCOUNTING PROCEDURES, GENERAL ACCOUNTING PRINCIPLES AND VALUATION AND DEPRECIATION METHODS
The financial statements of the company were drawn up pursuant to the Accounting Act no. 563/1991 Coll. and Decree nr. 500/2002 Col., which executes some regulations of Act nr. 563/991 Sb. on accounting.
5.1 Valuation of Inventory
The company has no inventories.
5.2 Valuation of Securit ies and Shares
Securities and shares are valued using the equity method.
5.3 Changes of Valuation, Depreciation and Accounting Procedures
In the monitored accounting period no change took place in the accounting unit.
5.4 Asset Adjustments
There were no adjustments.
5 .5 Depreciation Procedures Used to Determine Book Depreciation
The entity has registered assets, which are depreciated according to the depreciation plan.
Fixed assets are depreciated in accordance with the law nr.586/1992 Coll. the Income Tax Act.
5.6 Conversion of Foreign Currencies to the Czech Crown
The financial statements were drawn up in Czech crowns. To convert foreign currencies to the Czech crown the company applies current daily foreign exchange rate published by the Czech National Bank.
Notes to Financial Statements FPD CORPORATION CZ a.s. as at 31st December 2012
___________________________________________________________________________________
When closing the accounting books of the year 2012, the exchange rate of Czech National bank as at 31st December 2012 has been used.
6. ADDITIONAL INFORM ATION TO THE BALANCE SHEET AND PROFIT &LOSS STATEM ENT
Items relevant for the valuation of assets and f inancial s i tuation of the accounting unit
Income back taxes for previous accounting periods – none
Breakdown of deferred tax liabilities – none
Breakdown of reserves – none
Long-term bank loans – none
Subsidies received for investment and operational purposes – none
7. RELEVANT INFORM ATION TO ASSETS AND PAYABLES
Tangible f ixed assets acquired under f inance lease - none
Receivables ( in thousand CZK)
The Company has trade receivables amounting to CZK 561,862 thousand. Thereof CZK 3.879 thousand is as at 31st December 2012 overdue up to 180 days, the amount of CZK 219.881 thousand overdue in the range of 180-360 days and the amount of CZK 30.270 thousand overdue more than 360 days.
Claims incurred in respect of loans granted to subsidiaries are in total amount of CZK 53,781 thousand. Thereof as at 31st December 2012 the amount of CZK 1,559 thousand are overdue up to 180 days, the amount of CZK 10.714 thousand are overdue in the range of 180-360 days and in the amount of CZK 1.761 thousand are overdue more than 360 days.
Claims arising from the credit provided are in total amount of CZK 63.610 thousand. There of as at 31st December 2012 claims in the amount of CZK 1.613 thousand are overdue up to 180 days, the amount of CZK 955 thousand are overdue in the range of 180-360 days and amount of CZK 3.265 thousand are overdue more than 360 days.
Claims arising from dividends and reduction of share capital in subsidiaries are in the total amount of CZK 130.537 thousand. Thereof as at 31st December 2012 the amount of CZK 10.043 thousand are overdue in the range of 180-360 days, and claims in the amount of CZK 15.352 thousand are overdue more than 360 days.
Liabil i t ies ( in thousand CZK)
As at 31st December 2012 the trade payables are in the total amount of CZK 284.109 thousand. Thereof the amount of CZK 4.153 thousand are overdue up to 180 days, the amount of CZK 10.074 thousand are overdue in the range of 180-360 days and the amount of CZK 11.815 thousand are liabilities overdue more than 360 days.
Notes to Financial Statements FPD CORPORATION CZ a.s. as at 31st December 2012
___________________________________________________________________________________
NOTES TO FINANCIAL STATEMENTS AS AT 31ST DECEMBER 2012
1. GENERAL DATA
1.1 Description of the Accounting Unit
Business name: FPD CORPORATION CZ a.s.
Registered seat: Václavské náměstí 846/1, 110 00 Prague, Czech Republic
Company no.: 276 43 549
Legal form: joint stock company
Business activities: wholesale
business and service agent
advertising activities and marketing
organization of exhibitions, trade fairs, shows, sales and
similar events
organization of specialized courses, trainings and other
educational events, including lecturing
publishing
software provider and hardware and software consulting
data processing, databank services, network administration
management and maintenance of real estates
renting and lending of movable assets
providing services in the area of administrative management
and services of organizational and economic nature
copy services
services of business, financial, organizational and economic
consultants
Notes to Financial Statements FPD CORPORATION CZ a.s. as at 31st December 2012
___________________________________________________________________________________
Balance sheet date: 31st December 2012
Compilation of financial statements: 31st May 2013
Date of registration in Register of Companies: 5th January 2007
Register court: Municipal Court in Prague, section B., file 11445
Registered capital: CZK 1.354.000.000 paid up in full amount
Shares: 1.354 bearer shares in paper form in the nominal value of CZK 1 000 000.
Structure of associates and shareholders
Associate, shareholder The amount of share capital in CZK
The amount of share capital in %
The share of voting rights in %
RIVIERA HOLDINGS, United Kingdom 804 000 000,00 59,38 59,38
STRATONI LIMITED, United Kingdom 550 000 000,00 40,62 40,62
1.2 Description of Changes in the Register of Companies
• On 10th December 2012 – increase of share capital by CZK 315.000.000 by subscription of 315 of registered certified shares in nominal value of CZK 1.000.000 denominated to bearer.
1.3 Members of Statutory and Supervisory Bodies as at Balance Sheet Date:
Position Name and surname Address
Chairman of the Board Tomáš Šupa Havlíčkova 954, 696 11 Mutěnice
Vice Chairman of the Board Ing. Roman Teťák Štúrova 436, Nižná, SR
Member of the Board Marek Prekop Wolkerova 1121/27, 851 01 Bratislava, SR
Chairman of the Supervisory Board Anton Siekel Šustekova 21, 851 04 Bratislava, SR
Member of the Supervisory Board Mgr. Ing. Tomáš Vítek Charlese de Gaulla 540/11, Praha 6
Member of the Supervisory Board Mgr. Jozef Chovanec Komenského 2233/57, Žilina, SR
80 81
Notes to Financial Statements FPD CORPORATION CZ a.s. as at 31st December 2012
___________________________________________________________________________________
Liabilities arising in respect of loans from subsidiaries are in the total amount of CZK 19.639 thousand. Thereof as at 31st December 2012 are liabilities in the amount of CZK 221 thousand overdue up to 180 days, 180-360 days overdue are liabilities of CZK 206 thousand and overdue more than 360 days are liabilities in the amount of CZK 3.989 thousand.
Liabilities arising in respect of loans received are in the total amount of CZK 45.465 thousand. Thereof as at 31st December 2012 are liabilities in the amount of CZK 117 thousand overdue within 180 days, in the range of 180-360 days are liabilities overdue in the amount of CZK 320 thousand and liabilities overdue more than 360 days are in the amount of CZK 3 thousand.
The company has no tax arrears.
8 . TOTAL AMOUNT OF FEES FOR AUDIT COM PANY
8.1 Obligatory audit of accounting unit
Total costs of obligatory audit of accounting for period of year 2011 were in the amount of 60.000 CZK.
9. PROFIT & LOSS STATEM ENT STRUCTURE
The Profit & Loss Statement was drawn up pursuant to the Decree no. 500, Appendix no. 2 classified by elements.
10. SALES OF GOODS, PRODUCTS AND SERVICES
Total amount for current period in thousand CZK
Domestic Foreign Total amount for last period in
thousand CZK
Sales of tangible fixed assets 0 900 Recoveries 52 376 1 500 50 876 23 820 Revenues from sales of securities
0 34 113
Interests 6 968 4 398 2 570 6 605 Exchange rate benefits 4 111 4 319 Dividend income 5 373 5 373 10 472
Notes to Financial Statements FPD CORPORATION CZ a.s. as at 31st December 2012
___________________________________________________________________________________
10. DETAILS OF CHANGES IN EQUITY
Equity item Balance at beginning of the period
Additions Decreases Balance at the end of the
period
Share capital 1 039 000 315 000 1 354 000
Revaluation of assets -153 467 166 168 175 024 -162 323
Statutory reserve fund 4 126 504 4 630
Retained earnings 59 702 9 572 69 274
Profit for the accounting period
10 075 6 803 10 075 6 803
In Prague, 24th June 2013
Tomáš Šupa
Chairman of the Board
Notes to Financial Statements FPD CORPORATION CZ a.s. as at 31st December 2012
___________________________________________________________________________________
NOTES TO FINANCIAL STATEMENTS AS AT 31ST DECEMBER 2012
1. GENERAL DATA
1.1 Description of the Accounting Unit
Business name: FPD CORPORATION CZ a.s.
Registered seat: Václavské náměstí 846/1, 110 00 Prague, Czech Republic
Company no.: 276 43 549
Legal form: joint stock company
Business activities: wholesale
business and service agent
advertising activities and marketing
organization of exhibitions, trade fairs, shows, sales and
similar events
organization of specialized courses, trainings and other
educational events, including lecturing
publishing
software provider and hardware and software consulting
data processing, databank services, network administration
management and maintenance of real estates
renting and lending of movable assets
providing services in the area of administrative management
and services of organizational and economic nature
copy services
services of business, financial, organizational and economic
consultants
Notes to Financial Statements FPD CORPORATION CZ a.s. as at 31st December 2012
___________________________________________________________________________________
Balance sheet date: 31st December 2012
Compilation of financial statements: 31st May 2013
Date of registration in Register of Companies: 5th January 2007
Register court: Municipal Court in Prague, section B., file 11445
Registered capital: CZK 1.354.000.000 paid up in full amount
Shares: 1.354 bearer shares in paper form in the nominal value of CZK 1 000 000.
Structure of associates and shareholders
Associate, shareholder The amount of share capital in CZK
The amount of share capital in %
The share of voting rights in %
RIVIERA HOLDINGS, United Kingdom 804 000 000,00 59,38 59,38
STRATONI LIMITED, United Kingdom 550 000 000,00 40,62 40,62
1.2 Description of Changes in the Register of Companies
• On 10th December 2012 – increase of share capital by CZK 315.000.000 by subscription of 315 of registered certified shares in nominal value of CZK 1.000.000 denominated to bearer.
1.3 Members of Statutory and Supervisory Bodies as at Balance Sheet Date:
Position Name and surname Address
Chairman of the Board Tomáš Šupa Havlíčkova 954, 696 11 Mutěnice
Vice Chairman of the Board Ing. Roman Teťák Štúrova 436, Nižná, SR
Member of the Board Marek Prekop Wolkerova 1121/27, 851 01 Bratislava, SR
Chairman of the Supervisory Board Anton Siekel Šustekova 21, 851 04 Bratislava, SR
Member of the Supervisory Board Mgr. Ing. Tomáš Vítek Charlese de Gaulla 540/11, Praha 6
Member of the Supervisory Board Mgr. Jozef Chovanec Komenského 2233/57, Žilina, SR
82 83
84 85
For the forthcoming period the main goal for FPD CORPORATION CZ a.s. and its subsidiaries is to ensure the maximum return on investment for our shareholders, while maintaining the lowest possible risk. Each investment project is subject to a detailed due diligence audit in accordance with the applicable legal and economic criteria. We will continue to invest in proven areas of growth such as Construction & Development, Services, Production & Manufacturing, Retail & Distribution and Financial Investment
With regard to the long-term perspective, FPD CORPORATION CZ a.s. will search for suitable investments with attractive returns and scope for expansion. The objective is to maximise revenue and the revenue of its subsidiaries as well as minimising the risk involved. Optimisation of risk can be achieved by diversification in the investment portfolio in terms of geography, currency and vertical structure. With regard to the long-term, the company’s management envisages a wider use of third party capital, such a closer cooperation with banks on individual projects. This will play a vital role in our development as a global entity.
Plans for the Forthcoming Period
Growth strategy will not deviate from
traditional areas of investment – Construction & Development,
Services, Production & Manufacturing, Retail & Distribution
and Financial Investment
Apartment blocks - TRUSTINVEST, spol. s r.o.
86 87
„Corporate Social Responsibility” is a principle whereby social and environmental issues have been incorporated into the corporate strategy.
The FPD CORPORATION CZ a.s. corporate philosophy does not solely concentrate on investment goals and profi t. The company also wishes to participate in helping those in less fortunate circumstances.
Since 2008 close charitable relationships have been established and maintained with the two following projects:
Nemocnice Milosrdných bratří v Brně (Brothers of Mercy Hospital in Brno) The aim this year is to improve health care at the hospital and also to help fund the essential research and development activities.
Dětský Domov ve Strančicích (Childrens home in Strančice) This children’s home is a health care facility which specialises in providing fi rst class preventative, psychological, educational and rehabilitative based care for mentally and physically handicapped children or those who have been abused, abandoned or neglected by family. The facility also off ers vital care and counselling for families with disabled or handicapped children.
Since 2008 FPD CORPORATON CZ a.s. has donated a total of CZK 650,000 to these worthwhile causes.
Charity and Community Work
Company exceeds CZK 500,000
in charitable donations
illustration photo
88 89
Increase in registered capital of Vinařství Mutěnice, s.r.o.
The majority shareholder, TOTAL IMPORT, s.r.o. made the decision to increase the re-gistered capital of its subsidiary company, Vinařství Mutěnice, by CZK 23,760,000. The registered capital of the company currently stands at CZK 61,160,000.
Signifi cant Events after the Closing Period
Registered capital of Vinařství Mutěnice is
signifi cantly increased to CZK 61,160,000
Production line at Vinařství Mutěnice, s.r.o.
90 91
Wenceslas Square 846/1Prague 1Czech Republic
Tel.: +420 224 475 227
Web: www.fpdcz.czE-mail: info@fpdcz.cz
Member of FPD GROUP
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