Consolidated Annual Report of Inter Cars S.A. for the period January 1st – December 31st 2010 Report on the Operations of the Inter Cars Group (PLN ‘000)
The company did not enter into transactions involving derivative financial instruments. As at December 31st 2010, 41 persons were employed in the company, while as at December st 31 2010 it employed 15 persons. The company complied with environmental protection requirements. In 2010, the company did not distribute dividend. The Management Board is composed of: Marius Mujdei – Managing Director Alexandru Abahnencei – Managing Director. In 2010, no litigation, arbitration or administrative proceedings were pending, to which the company would be a party. The General Shareholders Meeting of Inter Cars Romania s.r.l. was held on June 14th 2010. The agenda included the review and approval of the Directors‟ Report on the company‟s operations and the financial statements, as well as granting discharge to the Management Board members in respect of their duties for 2009 and adopting a resolution on the coverage of loss for 2008 from 2009 profit. 1.18. JC Auto sro. The company started its operations involving the distribution of spare parts in 2003. As a result of the merger of the Inter Cars and JC Auto Groups, it was decided to suspend the company‟s operations and move the sales network, non-current and current assets and employees to Inter Cars Ceska Republika.
1.19. Inter Cars Latvija SIA. The Company was created in August 2010. The company started its operations involving the distribution of spare parts. The table below sets forth the company‟s financial highlights. (PLN ’000)
2010
Sales revenue
38
Operating profit
(64)
Net profit
(70)
In 2010, the company did not distribute dividend.
1.20. Inter Cars Cyprus Limited. Inter Cars Cyprus Limited was created in October 2009. The table below sets forth the company‟s financial highlights. (PLN ’000)
2010
Sales revenue
17 972
Operating profit
12 735
Net profit
11 090
As at December 31st 2010, 11 persons were employed in the company 2. Supply Sources The Group‟s offering includes goods provided by several hundred suppliers from all over the world, with the majority coming from the EU and Asian countries. The major category of suppliers is international concerns for which the Company is one of the largest and most important customers
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