POLYMER INSTITUTE BRNO

Business Results 2008

PROFIT AND LOSS ACCOUNT 2008

Business Plan	Fixed
	in CZK mil
Research & Technical Services	49.00	65.09
Pilot Production Revenues	116.00	99.71
Miscellaneous Revenues	9.16	8.31
Revenues from Merchandise	97.00	78.60
Total Revenues	271.16	251.71

Raw Material Costs	69.00	63.92
Overhead Material Costs	3.90	4.70
Personal Costs	67.00	67.68
Depreciation	10.50	10.47
Energy Consumption	4.00	4.09
Services	13.87	14.10
Taxes & Fees	0.14	0.16
Operating & Financial Expenses	4.35	5.56
Merchandise Sold	90.40	71.73
Total Costs	263.16	242.41

Gross Profit	8.00	9.30
Net Profit	6.00	5.31

BALANCE SHEET as at December 31, 2008				in TCZK
	TOTAL ASSETS			138 185
I.	Fixed Assets
		1.	Buildings	17 075
		2.	Instruments and Equipment	25 606
		3.	Land	11 829
		4.	Other Fixed Assets	509
			Total Tangible Assets	55 019
		5.	Software	311
			Total Intangible Assets	311
	Total Fixed Assets			55 330

II.	Current Assets
		1.	Inventories	33 475
		2.	Account Receivable	32 190
		3.	Financial Assets	17 055
	Total Current Assets			82 720
		4.	Accrued Assets	135

	TOTAL LIABILITIES			138 185
I.	Capital
		1.	Net Worth	97 000
		2.	Reserve Fund	9 700
		3.	Profit 2008	5 314
		4.	Undivided Profit 2007	27
	Equity			112 041

II.	Liabilities
		1.	Accounts Payable	13 992
		2.	Payment Obligations to Employees	5 253
		3.	Payroll Tax	1 305
		4.	Social Security & Health Insurance	2 987
		5.	Other Liabilities	547
			Total Short-term Liabilities	24 084
		6.	Long-term Liabilities - Deferred Taxes	2 035
	Total Liabilities			26 119
		7.	Accrued Liabilities	25