In the third quarter of 2016, the Company reported PLN 19k loss on investments. The main contributors to result on investments were:
– revaluation of investment portfolio (PLN -91k),
– profit on sales of securities (PLN 70k),
– interest and dividend (PLN 2k).
In a quarter under review, Carpathia Capital S.A. recognized administrative expenses of PLN 18k and reported operating loss of PLN 37k.
In the nine-month period ended September 30, 2016, the Company reported gain on investments of PLN 878k, operating profit of PLN 903, net profit of PLN 730 and recognized administrative expenses of PLN 58k.
Cash remains the Company’s most significant asset with a share of 57.14% of total assets. Financial assets in other entities constituted the second most important position, representing 42.55% of total assets. Equity as of September 30, 2016 amounted to PLN 8 594k, with share capital of PLN 1 893k.
The Company remained debt free. Provisions and long term liabilities were equal to zero and the reported value of short term liabilities (PLN 1 053k) comprised of significant value of other liabilities (PLN 1 040k) which are presented as a commitment to acquire financial assets equal to the carrying value of short term WIG20 futures presented as financial assets and negligible income tax liabilities (PLN 13k).