Pilulka's Market Expansion and Innovation
5.3
HISTORICAL AND PROJECTED FINANCIAL STATEMENTS (2/2)
Balance sheet (CZK million)
2020
2021
2022
2023
2024
2025
2026
Assets
498
589
606
718
705
765
907
Fixed assets
117
175
197
225
237
248
239
Intangible fixed assets
54
83
90
95
96
90
88
Tangible fixed assets
35
62
74
57
38
25
18
Other (1)
28
30
33
73
103
133
133
Current assets
378
412
405
488
463
512
663
Inventories
91
155
187
164
191
228
270
Receivables
155
185
197
198
227
266
310
Cash and bank balances
132
72
21
126
45
18
83
Acc. assets and def. liabilities
4
2
4 I
5
5
5
5
Liabilities
498
589
606
718
705
765
907
Equity + minority equity
218
204
139
286
234
236
311
Provisions
6
15
8
I
10
10
10
10
Liabilities
274
369
458
421
460
518
585
Long-term payables
3
21
25
24
23
22
21
Short-term payables
271
348
434
397
437
496
564
of which liabilities to credit
institutions
25
21
85
84
83
82
81
Acc. liabilities and def. assets
1
0
1
1
1
1
Actuals Forecast
In recent years, the Company has invested heavily in the
development of its own IT and information systems, which,
in addition to existing markets, are also being utilized on
expansion markets. Capital expenditures related to
development of IT systems are capitalized into intangible
fixed assets
Tangible fixed assets represent only a small portion of the
total assets held by the Company. Pilulka does not own the
premises in which the pharmacies are located or the
warehouses, but leases them on a long-term basis
The presented balance sheet shows Company's cash
position after the completion of the contemplated SPO in the
amount of CZK 250m (but after taking into account the
assumed transaction costs). Capital raising in the indicated
amount is one of the prerequisites for the delivery of the
presented business plan
Working capital, comprising inventories, receivables and
short-term payables, is increasing due to Company's
growing revenues. Management expects inventories,
receivables and short-term payables turnover to remain
constant over the forecast period
The Company does not anticipate an increase in its debt
above the current level in the forecast period
Note: The presented financial data are based on the Company's management accounting; (1) Includes non-current financial assets, goodwill on consolidation and negative goodwill on consolidation
22
22
+pilulkaView entire presentation