Consolidated Annual Financial Statements of Inter Cars S.A. for the period January 1st – December 31st 2010 Notes (PLN ‘000)
Change in Loans Advanced Dec 31 2010 (2 639) 6 043 278 (359) 3 323
Loans advanced Repayment of loans advanced Interest received Interest accrued Change in loans advanced
Dec 31 2009 (431) 723 760 (695) 357
Change in Loans, Borrowings, Debt Securities and Finance Lease Liabilities
Amounts received (repaid) under loans, borrowings and debt securities Payment of liabilities under finance lease agreements Proceeds from issue of debt securities (bonds) Redemption of debt securities (bonds) issued Leases granted IRS contracts valuation Change in balance-sheet valuation Change in loans, borrowings, debt securities and finance lease liabilities
Dec 31 2010
Dec 31 2009
10 670 (8 022) (25 000) 1 388 1 100 213
(84 960) (11 130) 86 700 (61 700) 11 271 (4 373)
(19 651)
(64 192)
Net Interest Dec 31 2010 (29 168) 359
Interest paid Interest accrued Net interest
(28 809)
Dec 31 2009 (29 142) 695 (28 447)
Other items Dec 31 2010 (2 939) -
Currency translation differences Other Net interest
Dec 31 2009 (65) (263)
(2 939)
(328)
Jan 1–Dec 31 2010 21 419 (7 608)
Jan 1–Dec 31 2009 17 720 (1 634)
13 811
16 086
27. Income Tax Income tax recognised under current period profit or loss
Current income tax Change in deferred income tax Income tax disclosed in statement of comprehensive income
The reconciliation of the tax deductible cost to the value representing the product of the accounting profit and the applicable tax rates is as follows:
Effective tax rate Profit before tax (without a share in profit/loss of associated undertaking)
Jan 1–Dec 31 2010
Jan 1–Dec 31 2009
77 494
84 308
Notes are an integral part of the consolidated annual financial statements.
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