Selected data in the consolidated statement of comprehensive income under IFRS, audited

Year ended 31 December
2014201320142013
PLN'000EUR'000[1]
Sales revenue 317.561 283.762 75.877 67.603
Financial market 199.962 205.254 47.778 48.899
Commodity market 114.453 75.995 27.347 18.105
Other revenue 3.146 2.513 752 599
Operating expenses 181.600 166.224 43.391 39.601
Other income 1.256 3.224 300 768
Other expenses 1.861 2.126 445 506
Operating profit 135.356 118.636 32.342 28.264
Financial income 10.360 10.917 2.475 2.601
Financial expenses 10.356 12.215 2.475 2.910
Share of profit of associates 3.745 12.494 895 2.977
Profit before income tax 139.105 129.832 33.237 30.931
Income tax expense 26.819 16.289 6.408 3.881
Profit for the period 112.286 113.543 26.829 27.050
Basic / diluted earnings per share[2](PLN, EUR) 2,67 2,70 0,64 0,64
EBITDA[3] 164.125 144.359 39.216 34.392

[1] Based on the annual average of EUR/PLN exchange rates quoted by the National Bank of Poland (respectively: 1 EUR = 4.1852 PLN in 2014 and 1 EUR = 4.1975 PLN in 2013).
[2] Calculated based on the net profit attributable to shareholders of the parent entity.
[3] EBITDA = operating profit + depreciation and amortisation (not including share of profit/loss of associates).

Selected data in the consolidated statement of financial position under IFRS, audited

As at
31 December
2014		31 December
2013		31 December
2014		31 December
2013
PLN'000EUR'000[1]
Non-current assets 572.710 576.421 134.366 138.990
Plant, property and equipment 119.762 124.042 28.098 29.910
Intangible assets 261.019 269.155 61.239 64.900
Investment in associates 188.104 158.540 44.132 38.228
Available-for-sale financial assets 207 20.955 49 5.053
Other non-current assets 3.618 3.729 849 899
Current assets 451.449 482.707 105.917 116.394
Trade and other receivables 42.594 34.792 9.993 8.389
Available-for-sale financial assets 10.503 118 2.464 28
Cash and cash equivalents 389.042 436.831 91.275 105.332
Other current assets 9.310 10.966 2.184 2.644
TOTAL ASSETS 1.024.159 1.059.128 240.283 255.384
Equity of the shareholders of the parent entity 699.350 636.985 164.078 153.594
Non-controlling interests 1.116 1.120 262 270
Non-current liabilities 259.419 249.578 60.864 60.180
Current liabilities 64.274 171.445 15.080 41.340
TOTAL EQUITY AND LIABILITIES 1.024.159 1.059.128 240.283 255.384

[1] Based on the average EUR/PLN exchange rates quoted by the National Bank of Poland as at 31.12.2014 (1 EUR = 4.2623) and 31.12.2013 (1 EUR = 4.1472 PLN).

WSE Group’s selected financial ratios

Year ended / As at
31 December
2014		31 December
2013
EBITDA margin (EBITDA/Sales revenues) 51,7% 50,9%
Operating profit margin (Operating profit/Sales revenues) 42,6% 41,8%
Return on equity (ROE) (Profit for the last 12 months/Average equity at the beginning and end of the last 12 months) 16,8% 19,0%
Debt to equity ratio (Interest-bearing liabilities [1] /Equity) 34,9% 38,3%

[1] total liabilities under debt, e.g., principal and interest