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Statements of Dunkin Donuts

1) JSC D&B Georgia reported a total comprehensive loss of 10.02 million GEL for the year ended 31 December 2016 compared to a loss of 4.4 million GEL in 2015. 2) Revenues increased to 7.62 million GEL in 2016 from 5.13 million GEL in 2015 however losses from operations also increased to 3.95 million GEL from 2.33 million GEL over the same period. 3) As of 31 December 2016, the company had total assets of 24.52 million GEL and total liabilities of 38.38 million GEL resulting in an accumulated loss of 14.66 million GEL.

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1K views4 pages

Statements of Dunkin Donuts

1) JSC D&B Georgia reported a total comprehensive loss of 10.02 million GEL for the year ended 31 December 2016 compared to a loss of 4.4 million GEL in 2015. 2) Revenues increased to 7.62 million GEL in 2016 from 5.13 million GEL in 2015 however losses from operations also increased to 3.95 million GEL from 2.33 million GEL over the same period. 3) As of 31 December 2016, the company had total assets of 24.52 million GEL and total liabilities of 38.38 million GEL resulting in an accumulated loss of 14.66 million GEL.

Uploaded by

Mariami
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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JSC D&B GEORGIA

STATEMENT OF COMPREHENSIVE INCOME


For the year ended 31 December 2016
(In GEL)

Note 2016 2015

Revenue 7,626,432 5,136,532

Other operating income 6 478,532 224,712

Changes in inventories of finished goods and work in


245,962 461,864
progress
Raw materials and consumables used (4,662,680) (3,502,489)
Employee benefit expenses (2,616,556) (1,667,154)
Depreciation and amortization (1,395,609) (604,090)
Other operating expenses 7 (3,630,277) (2,381,830)
Loss from operations (3,954,196) (2,332,455)

Royalties' fee 8 (382,389) (252,797)


Adjusted gross operating loss (4,336,585) (2,585,252)

Financial income (expense), net 9 (5,697,883) (1,795,761)


Foreign Exchange gain/(loss), net 8,437 (24,551)
Loss before tax (10,026,031) (4,405,564)
Income tax benefit 10 - -
Total comprehensive loss (10,026,031) (4,405,564)

The financial statements for the year ended 31 December 2016 were approved on behalf of the
management on 16 October 2017 by:

Director K. Karselidis

Chief Accountant G. Tushishvili

JSC D&B GEORGIA


STATEMENT OF FINANCIAL POSITION
As at 31 December 2016
(In GEL)
31.12.2015
Note 31.12.2016 (Restated
Note 5)
Assets
Non-current Assets
Property, plant and equipment 11 7,972,464 6,343,404
Intangible assets 12 1,772,379 1,764,851
Prepayments for non-current assets 13 8,129,616 9,308,923
Total non-current assets 17,874,459 17,417,178

Current Assets
Inventory 14 729,308 483,346
Issued loans 10,769 2,155,020
Trade and other receivables 15 5,308,400 9,512,657
Cash and cash equivalents 16 600,604 510,034
Total current assets 6,649,081 12,661,057
Total assets 24,523,540 30,078,235

Liabilities and Owner's Equity


Owner's Equity
Share capital 17 8,907 8,907
Accumulated loss (14,670,995) (4,644,964)
Total owner's equity (14,662,088) (4,636,057)

Liabilities
Non-current Liabilities
Borrowings 17 38,052,107 33,992,094
Total non-current liabilities 38,052,107 33,992,094

Current liabilities
Trade and other payables 19 824,795 644,528
Borrowings 18 308,726 77,670
Total current liabilities 1,133,521 722,198
Total owner's equity and liabilities 24,523,540 30,078,235

JSC D&B GEORGIA


STATEMENT OF CASH FLOWS
For the year ended 31 December 2016
(In GEL)

Note 2016 2015

Cash flows from operating activities


Loss before taxation (10,026,031) (4,405,564)

Adjustments for:
Depreciation and amortization 11,12 1,395,609 604,090
Finance expense/(income),net 9 5,697,883 1,795,761
(Gain)/loss from exchange rate difference (8,437) 24,551
Gain from sale of Property, plant and equipment (25,954) -
Write off of PPE 266,272 -
Cash used in operating activities before changes in working
(2,700,658) (1,981,162)
capital

Increase/ (Decrease) in other payables (6,113) 168,176


Increase in trade payables 88,268 215,504
(Increase)/ Decrease in other receivables 2,043,003 (7,638,898)
(Increase)/ Decrease in trade receivables 3,795,824 (7,779,044)
Increase in inventories (245,961) (461,863)
Cash from/(used in) operations 2,974,363 (17,477,287)
Interest paid (1,501,208) (680,375)
Net cash (used in)/from operating activities 1,473,155 (18,157,662)

Investing activities

Purchase of property, plant and equipment (3,636,139) (8,993,675)


Purchase of intangible assets (150,779) (1,131,102)
Decrease in issued loans 2,155,020 -
Received interest 219,685
Issue of loans - (2,150,604)
Net cash used in investing activities (1,412,213) (12,275,381)

Financing activities

Receipt of borrowings - 43,961,888


Repayment of borrowings - (12,976,169)
Net cash from financing activities - 30,985,719

Net Increase in cash and cash equivalents 60,942 552,676


Cash and cash equivalents at beginning of year 15 510,034 15,714
Effect of changes in foreign exchange rate on cash and cash
29,628 (58,356)
equivalents
Cash and cash equivalents at end of year 15 600,604 510,034
JSC D&B GEORGIA
STATEMENT OF CHANGES IN EQUITY
For the year ended 31 December 2016
(In GEL)

Share Accumulated
Total
Capital Loss
Balance as at 31 December 2014 8,907 (239,400) (230,493)

Loss for the year - (4,405,564) (4,405,564)


Balance as at 31 December 2015 8,907 (4,644,964) (4,636,057)

Loss for the year - (10,026,031) (10,026,031)


Balance as at 31 December 2016 8,907 (14,670,995) (14,662,088)

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