Zagreb - JANAF Plc. announced the audited financial statements for the year 2008.
The 2008 revenues total HRK 374,9 mil., showing a 4,1% increase compared to the year 2007 and a 27,8% increase when looking at the plan. The gross profit realized in the year 2008 amounts to HRK 67,5 mil., thus being for 34,8% higher than the 2007 gross profit.
The revenues obtained from crude oil transport amount to HRK 223,4 mil., which makes a 3,3% increase when compared to the previous year and a 5,2% increase when looking at the plan. The revenues obtained from the crude oil storage reach HRK 56,5 mil. and are up 34,7% in comparison with the planned ones. As regards the revenues obtained from the oil products storage, they amount to HRK 32,0 mil. and are at the level of the planned ones, showing at the same time a slight decrease compared to the year before. In the revenues obtained from the core business operations, the revenues from crude oil transport account for 71,6%, while the revenues from crude oil storage and oil products storage account for 18,1% and 10,3% respectively.
When the year 2008 is concerned, total expenses realized in that year amounted to HRK 307,4 mil., which represents a slight decrease as compared to the year 2007, while being for 6,9% higher with respect to the plan for the year 2008.
The gross profit realized in the amount of HRK 67,5 mil. accounts for 18,7% of the total operating revenues. In the operating revenues, reaching HRK 360,8 mil., other revenues from the business activities account for 12,1% and are related mostly to the sale of assets. The financial income amounting to HRK 14,1 mil. refers to the interest income and other financial income (HRK 6,8 mil.), as well as to foreign currency exchange gains (HRK 7,3 mil.). The financial expenses amount to HRK 15,0 mil., thus indicating a slightly negative effect of financial activities (HRK 0,9 mil.). The 2008 net profit amounts to HRK 53,6 mil.
In the year 2008, the company financed its current operating activities and investments by its own funds.
During the year 2008, there was no allocation of shares, and therefore no significant change occurred in the shareholders structure of the company.