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Niniejsze śródroczne skrócone sprawozdanie finansowe TVN S.A. za okres 3 oraz 12
miesięcy zakończonych 31 grudnia 2008 r. zostało sporządzone w celu przedstawienia
sytuacji finansowej, wyników działalności oraz przepływów pienięŜnych zgodnie z
Międzynarodowym
Standardem
Rachunkowości
34
„Śródroczna
sprawozdawczość
finansowa” („MSR 34”).
Śródroczne sprawozdanie finansowe TVN za okres 3 oraz 12 miesięcy zakończonych 31
grudnia 2008 r. zawiera: śródroczny skrócony rachunek zysków i strat, śródroczny skrócony
bilans, śródroczne skrócone zestawienie zmian w kapitale własnym, śródroczny skrócony
rachunek przepływów pienięŜnych oraz informacje dodatkowe do śródrocznego skróconego
sprawozdania finansowego.
Niniejsze śródroczne skrócone sprawozdanie finansowe zostało zatwierdzone przez Zarząd i
Radę Nadzorczą TVN S.A. w dniu 19 lutego 2009 r.
Piotr Walter
Prezes Zarządu
Karen Burgess
Wiceprezes Zarządu
Edward Miszczak
Wiceprezes Zarządu
Jan Łukasz Wejchert
Wiceprezes Zarządu
Tomasz Berezowski
Członek Zarządu
Olgierd Dobrzyński
Członek Zarządu
Waldemar Ostrowski
Członek Zarządu
Adam Pieczyński
Członek Zarządu
Jarosław Potasz
Członek Zarządu
Warszawa, 19 lutego 2009 r.
Piotr Tyborowicz
Członek Zarządu
Informacje o TVN
SF-1
Śródroczny skrócony rachunek zysków i strat
SF-4
Śródroczny skrócony bilans
SF-5
Śródroczne skrócone zestawienie zmian w kapitale własnym
SF-6
Śródroczny skrócony rachunek przepływów pienięŜnych
SF-8
Informacja dodatkowa do śródrocznego skróconego sprawozdania finansowego
SF-9
TVN S.A. („Spółka”) i jej jednostki zaleŜne („Grupa TVN”, „Grupa”) są nadawcami lub
współnadawcami trzynastu kanałów telewizyjnych w Polsce: TVN, TVN 7, TVN 24, TVN
Meteo, TVN Turbo, ITVN, TVN Style, TVN Lingua, TVN CNBC Biznes, TVN Warszawa,
Discovery Historia, NTL Radomsko oraz Telezakupy Mango 24. Kanały naleŜące do Grupy
emitują wiadomości, programy informacyjne i rozrywkowe, seriale, filmy fabularne oraz
programy oferujące telezakupy. Grupa posiada równieŜ wiodący w Polsce portal Onet.pl
oferujący serwisy takie jak: Zumi.pl, Sympatia.pl, OnetBlog i OnetLajt.
TVN S.A.
ul. Wiertnicza 166
02-952 Warszawa
•
Wojciech Kostrzewa – Przewodniczący
•
Bruno Valsangiacomo – Zastępca Przewodniczącego
•
Arnold Bahlmann
•
Romano Fanconi
•
Paweł Gricuk
•
Paweł Kosmala (powołany 9 maja 2008 r.)
•
Sandra Nowak (zrezygnowała 7 stycznia 2008 r.)
•
Wiesław Rozłucki
•
Andrzej Rybicki
•
Markus Tellenbach (powołany 9 maja 2008 r.)
•
Aldona Wejchert
•
Gabriel Wujek (powołany 15 lutego 2008 r.)
•
Piotr Walter – Prezes
•
Karen Burgess – Wiceprezes
•
Edward Miszczak – Wiceprezes
•
Jan Łukasz Wejchert – Wiceprezes
•
Tomasz Berezowski
•
Olgierd Dobrzyński
•
Waldemar Ostrowski
•
Adam Pieczyński
•
Jarosław Potasz
•
Piotr Tyborowicz
Informacja dodatkowa stanowi integralną część niniejszego śródrocznego
skróconego sprawozdania finansowego.
SF- 1 -
PricewaterhouseCoopers Sp. z o.o.
Al. Armii Ludowej 14
00-638 Warszawa
Clifford Chance
ul. Lwowska 19
00-660 Warszawa
Bank Polska Kasa Opieki S.A. („Pekao S.A.”)
ul. Grzybowska 53/57
00-950 Warszawa
•
TVN Finance Corporation plc
One London Wall
Londyn EC2Y 5EB
Wielka Brytania
•
El-Trade Sp. z o.o.
ul. Wiertnicza 166
02-952 Warszawa
•
Tivien Sp. z o.o.
ul. Augustówka 3
02-981 Warszawa
•
NTL Radomsko Sp. z o.o.
ul. 11 Listopada 2
97-500 Radomsko
•
Mango Media Sp. z o.o.
ul. Kościuszki 61
81-703 Sopot
•
Thema Film Sp. z o.o.
ul. Powsińska 4
02-920 Warszawa
•
Grupa Onet.pl S.A.
ul. G. Zapolskiej 44
30-126 Kraków
•
Dream Lab Onet.pl Sp. z o.o.
ul. G. Zapolskiej 44
30-126 Kraków
•
Grupa Onet Poland Holding B.V.
De Boelelaan 7
NL-1083 Amsterdam
Holandia
•
Media Entertainment Ventures
International Limited
Palazzo Pietro Stiges 90, Strait Street
Valetta VLT 05
Malta
•
SunWeb Sp. z o.o.
ul. G. Zapolskiej 44
30-126 Kraków
Informacja dodatkowa stanowi integralną część niniejszego śródrocznego
skróconego sprawozdania finansowego.
SF- 2 -
joint ventures
Polski Operator Telewizyjny Sp. z o.o.
•
•
Discovery TVN Ltd
ul. Huculska 6
566 Chiswick High Road
00-730 Warszawa
Londyn W4 5YB
Wielka Brytania
•
Polskie Badania Internetu Sp. z o.o.
•
Neovision Holding B.V.
Al. Jerozolimskie 44
De Boelelaan 7
00-950 Warszawa
NL-1083 Amsterdam
Holandia
Informacja dodatkowa stanowi integralną część niniejszego śródrocznego
skróconego sprawozdania finansowego.
SF- 3 -
Przychody ze sprzedaŜy
1.667.588
1.375.038
526.235
461.744
Koszty własne sprzedaŜy
(872.280)
(745.099)
(265.974)
(230.801)
(96.280)
(84.255)
(27.458)
(28.678)
(117.921)
(96.749)
(30.299)
(26.226)
Koszty sprzedaŜy
Koszty ogólnego zarządu
Pozostałe przychody/(koszty)
operacyjne, netto
!
!
Koszty finansowe, netto
&
'
'
"
#
$
#
#
"
"
%
(289)
"
(599)
"
#
#
Przychody inwestycyjne, netto
(1.376)
354
115.983
16.743
97.323
3.491
(189.102)
(205.523)
(125.041)
(30.903)
"
#
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%
#
#
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#
Podatek dochodowy
'
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(103.043)
#
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(56.132)
%
$
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(34.091)
#
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(30.820)
+
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(
,
- podstawowy
1,16
0,59
0,40
0,34
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1,15
0,57
0,40
0,33
202.647
140.406
117.208
Dodatkowe ujawnienie dotyczące wpływu wyceny opcji wbudowanej
Zysk netto w roku
405.299
Wpływ na zysk, po uwzględnieniu
podatku, straty z wyceny opcji
wbudowanej
-
(
'
'
16.562
#
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87.170
%
22.104
$
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10.457
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Spółka prezentuje skorygowany zysk, aby odzwierciedlić wpływ bezgotówkowych strat/zysków z tytułu wyceny w
wartości godziwej opcji wcześniejszej spłaty, wbudowanych w obligacje wyemitowane za pośrednictwem
jednostki zaleŜnej. Zasady księgowe dotyczące opcji wbudowanych mają charakter techniczny, oparty na
osądach i kierują się interpretacjami w zakresie rachunkowości. Spółka jest przekonana, iŜ prezentacja zysku
netto skorygowanego o tę pozycję, pozwala czytelnikowi sprawozdania lepiej zrozumieć jej operacyjne i
finansowe wyniki.
Informacja dodatkowa stanowi integralną część niniejszego śródrocznego
skróconego sprawozdania finansowego.
SF- 4 -
'
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109.875
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104.242
40.199
8.073
48.723
192.380
42.928
3.405
160.337
/
#
Zobowiązania z tytułu dostaw i usług
Zobowiązania z tytułu podatku dochodowego od osób
prawnych
Odsetki naliczone od obligacji i kredytów bankowych
Kredyt w rachunku bieŜącym
Pozostałe zobowiązania oraz rozliczenia międzyokresowe
&
#
PoŜyczka od jednostki powiązanej
Obligacje PLN o terminie wykupu w 2013 r.
Kredyt bankowy
Rezerwa z tytułu odroczonego podatku dochodowego
Długoterminowe zobowiązania z tytułu dostaw i usług
Pozostałe zobowiązania długoterminowe
!
#
!
*
189.501
267.411
278.819
149.865
32.783
124.523
+
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76.328
4.256
Kapitał zakładowy
Kapitał zapasowy z emisji akcji powyŜej ich wartości
nominalnej
Akcje własne
Kapitał zapasowy (8%)
Inne kapitały rezerwowe
Skumulowany zysk
#
!
95.228
4.744
&
204.901
144.127
23.103
127.433
1.425.085
7.255
263.970
144.127
25.213
154.741
1.432.789
214.432
179.138
77.682
Krótkoterminowe aktywa programowe
NaleŜności z tytułu dostaw i usług
Aktywa finansowe dostępne do sprzedaŜy
Finansowe instrumenty pochodne
Rozliczenia międzyokresowe i inne aktywa obrotowe
Środki pienięŜne i ich ekwiwalenty
Rzeczowe aktywa trwałe
Wartość firmy
Inne wartości niematerialne
Długoterminowe aktywa programowe
Inwestycje w jednostki zaleŜne i wspólne przedsięwzięcia
Inwestycje w jednostki stowarzyszone
PoŜyczka dla jednostki stowarzyszonej
Aktywa finansowe dostępne do sprzedaŜy
Pozostałe długoterminowe poŜyczki dla jednostek
powiązanych
Pozostałe aktywa trwałe
%
Informacja dodatkowa stanowi integralną część niniejszego śródrocznego
skróconego sprawozdania finansowego.
SF- 5 -
SF- 6 -
Informacja dodatkowa stanowi integralną część niniejszego śródrocznego
skróconego sprawozdania finansowego.
I
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Podatek odroczony z tytułu spadku
wartości godziwej aktywów
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(1) W dniu 27 grudnia 2005 r. TVN S.A. wprowadziła Program Motywacyjny I oparty na akcjach serii C. W dniu 8 czerwca 2006 r. Walne Zgromadzenie Akcjonariuszy zatwierdziło warunkowe podwyŜszenie kapitału zakładowego o kwotę do
1.974 wymaganą do realizacji Programu Motywacyjnego I.
W dniu 31 lipca 2006 r., w związku z nabyciem Grupa Onet.pl S.A., TVN S.A. wprowadziła Program Motywacyjny II oparty na akcjach serii E. W dniu 26 września 2006 r. Nadzwyczajne Walne Zgromadzenie Akcjonariuszy zatwierdziło
warunkowe podwyŜszenie kapitału zakładowego o kwotę do 1.756 wymaganą do realizacji Programu Motywacyjnego II.
(2) W roku zakończonym 31 grudnia 2008 r. w wyniku realizacji opcji objęcia akcji, przyznanych uczestnikom programów motywacyjnych w TVN zostało wyemitowanych i w pełni opłaconych 2.242.439 (nie w tysiącach) akcji serii C1, C2, E1,
E2 i E3.
(3) W roku zakończonym 31 grudnia 2008 r. 2.956.170 (nie w tysiącach) akcji zostało nabytych w celu umorzenia. Akcje te zawarte są w ogólnej liczbie wyemitowanych akcji na dzień 31 grudnia 2008 r. do czasu aŜ Zgromadzenie
Akcjonariuszy nie podejmie decyzji o ich umorzeniu.
(4) Dywidenda wypłacona w 2008 roku wynosiła 0,49 zł na akcję (nie w tysiącach).
Skumulowany zysk obejmuje kwotę 471.750 przeznaczoną na wykup akcji własnych oraz kwotę 405.032 będącą częścią skumulowanego zysku TVN S.A., która moŜe być dystrybuowana. Obligacje Senior Notes wyemitowane przez Grupę
TVN narzucają pewne ograniczenia na wypłatę dywidendy (zob. pełne skonsolidowane sprawozdanie finansowe).
Informacja dodatkowa stanowi integralną część niniejszego śródrocznego
skróconego sprawozdania finansowego.
SF- 7 -
"
(
(
"
Wpływy środków pienięŜnych z działalności operacyjnej
(
Podatek zapłacony
(
650.119
442.889
(104.964)
(81.899)
)
Nabycie jednostki zaleŜnej
Wzrost kapitału udziałowego we wspólnych
przedsięwzięciach
Nabycie jednostki stowarzyszonej
(49.862)
(100)
(121)
(323.817)
-
(99.441)
(72.607)
482
594
(13.395)
(8.629)
Wypływy z tytułu nabycia rzeczowych aktywów trwałych
Wpływy ze sprzedaŜy rzeczowych aktywów trwałych
Wypływy z tytułu nabycia wartości niematerialnych
Nabycie aktywów finansowych dostępnych do
sprzedaŜy
-
(386.136)
(2.705)
SprzedaŜ aktywów finansowych dostępnych do
sprzedaŜy
39.773
-
Wypływy z tytułu nabycia opcji
(6.987)
-
(71)
(5.741)
(28.180)
-
-
3.950
PoŜyczka udzielona jednostce powiązanej
PoŜyczki udzielone jednostce stowarzyszonej
PoŜyczka spłacona przez jednostkę powiązaną
5.661
-
12.807
3.856
Dywidenda otrzymana
Odsetki otrzymane
(
(
)
)
Nabycie akcji własnych, po uwzględnieniu kosztów
21.530
32.756
(37.428)
-
Efekt połączenia z jednostką zaleŜną
Dywidenda wypłacona
Wypływy z tytułu nabycia opcji
-
3.157
(171.196)
(128.300)
(27.105)
(17.545)
Wpływy/(wypływy) z tytułu wcześniejszego rozliczenia
opcji
Kredyt bankowy
5.362
(40.725)
110.000
-
Kredyt w rachunku bieŜącym
Emisja Obligacji PLN o terminie wykupu w 2013 r.
Odsetki zapłacone
(
(
)
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(87.377)
#
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0
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Skutki zmian kursów walutowych
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(
(
48.598
498.458
)
'
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#
Informacja dodatkowa stanowi integralną część niniejszego śródrocznego
skróconego sprawozdania finansowego.
SF- 8 -
W dniu 19 lutego 2009 r. niniejsze śródroczne skrócone sprawozdanie finansowe zostało
zatwierdzone przez Zarząd i Radę Nadzorczą TVN S.A.
TVN S.A. (do 29 lipca 2004 r. TVN Sp. z o.o.) została utworzona w maju 1995 r. i jest
publiczną spółką prawa polskiego notowaną na Giełdzie Papierów Wartościowych w
Warszawie, działającą w sektorze mediów i rozrywki.
Spółka naleŜy do grupy podmiotów kontrolowanych przez International Trading and
Investments Holdings S.A. z siedzibą w Luksemburgu („ITI Holdings”) i jej jednostki zaleŜne
(„Grupa Kapitałowa ITI”). Grupa Kapitałowa ITI działa w Polsce od 1984 r. i jest największą
grupą w sektorze medialno-rozrywkowym w Polsce.
Spółka jest jedynym właścicielem następujących jednostek zaleŜnych: Grupa Onet Poland
Holding B.V., Grupa Onet.pl S.A., Tivien Sp. z o.o., TVN Finance Corporation plc, El-Trade
Sp. z o.o., Thema Film Sp. z o.o., NTL Radomsko Sp. z o.o., Mango Media Sp. z o.o. oraz
pośrednio przez Grupę Onet.pl S.A.: Dream Lab Sp. z o.o., Media Entertainment Ventures
International Limited i SunWeb Sp. z o.o. Spółka posiada teŜ bezpośrednio i poprzez
naleŜące do niej jednostki zaleŜne ogółem 5,44% praw głosu i 6,76% kapitału zakładowego
spółki Polskie Media S.A. Inwestycje w jednostki zaleŜne są wykazywane jako aktywa trwałe.
Inwestycja w Polskie Media jest wykazywana w aktywach trwałych jako inwestycja dostępna
do sprzedaŜy.
W dniu 25 czerwca 2008 r. Spółka zakończyła transakcję nabycia od ITI Media Group N.V.
25% udziałów plus 1 udział w kapitale zakładowym Neovision Holding B.V., spółki
zarejestrowanej w Amsterdamie, jedynego udziałowca ITI Neovision Sp. z o.o., właściciela i
operatora cyfrowej platformy telewizyjnej ‘n’ w Polsce. Za łączną kwotę 95 mln EUR Spółka
nabyła 25% udziałów plus jeden udział w Neovision Holding B.V. oraz proporcjonalny udział
w poŜyczkach udziałowców udzielonych ITI Neovision Sp. z o.o.
W dniu 23 czerwca 2008 r. Spółka wraz z Bankiem Pekao S.A., Bankiem Handlowym w
Warszawie S.A. i BRE Bankiem S.A. wyemitowała obligacje o wartości nominalnej 500.000.
W dniu 30 czerwca 2008 r. Spółka zawarła umowę wielowalutowej linii kredytowej z Bankiem
Pekao S.A. na łączną kwotę 200.000.
W dniu 30 października 2008 r. Walne Zgromadzenie Akcjonariuszy zatwierdziło program
wykupu akcji własnych TVN S.A. w celu umorzenia w maksymalnej ilości 35 milionów akcji
za kwotę nie większą niŜ 500.000. Program rozpoczął się 17 listopada 2008 r. i zakończy się
31 grudnia 2009 r. W ramach programu do końca 2008 roku Spółka nabyła 2.956.170 akcji
własnych (nie w tysiącach).
W dniu 15 grudnia 2008 r. Spółka uruchomiła kanał TVN Warszawa, bezpłatny kanał
kablowy i satelitarny nadający lokalne wiadomości i informacje dla Warszawy.
Spółka ocenia, Ŝe w istotnym zakresie całość jej działalności naleŜy do segmentu telewizji,
nadawania oraz produkcji telewizyjnych i obecnie sporządza sprawozdanie finansowe jako
podmiot działający w jednym segmencie. Ponadto, Spółka działa na terenie Polski i
wszystkie jej aktywa znajdują się na terenie Polski. Dlatego nie zaprezentowano innych
danych w ujęciu geograficznym.
Informacja dodatkowa stanowi integralną część niniejszego śródrocznego
skróconego sprawozdania finansowego.
SF- 9 -
Śródroczne skrócone sprawozdanie finansowe Spółki za rok rozpoczynający się 1 stycznia
2008 r. zawiera w danych porównawczych rachunku zysków i strat tylko dane dotyczące
TVN S.A. W wyniku połączenia TVN S.A. i TVN Turbo Sp. z o.o., które miało miejsce w dniu
28 grudnia 2007 r. dane rachunku zysków i strat bieŜącego okresu zawierają wyniki
połączonych spółek. Z tego względu dane wykazane w rachunku zysków i strat obu okresów
nie są bezpośrednio porównywalne.
Z niniejszym śródrocznym skróconym sprawozdaniem finansowym naleŜy się zapoznać w
powiązaniu ze zbadanym sprawozdaniem finansowym za rok zakończony 31 grudnia 2008 r.
zawartym w raporcie rocznym Spółki.
-
2.1.
Podstawa sporządzenia sprawozdania finansowego
Niniejsze śródroczne skrócone sprawozdanie finansowe zostało sporządzone przy załoŜeniu
kontynuacji działalności oraz zgodnie z MSR 34 „Śródroczna sprawozdawczość finansowa”.
Zasady rachunkowości zastosowane przy sporządzaniu niniejszego śródrocznego
skróconego sprawozdania finansowego są spójne z zasadami zastosowanymi przy
sporządzaniu rocznego sprawozdania finansowego za rok zakończony 31 grudnia 2008 r.
MSR 34 wymaga ujawnienia minimum informacji przy załoŜeniu, Ŝe czytelnicy śródrocznego
sprawozdania finansowego mają dostęp do ostatniego opublikowanego rocznego
sprawozdania finansowego oraz, Ŝe ujawniane informacje są istotne i nie prezentowane w
innym miejscu sprawozdawczości finansowej.
Ostatnie opublikowane pełne sprawozdanie finansowe Spółki sporządzone na dzień i za rok
zakończony 31 grudnia 2008 r., zostało zbadane przez biegłego rewidenta. Roczne
sprawozdanie finansowe Spółki zawiera pełne stosowane przez Spółkę zasady
rachunkowości.
Sprawozdanie finansowe Spółki za rok zakończony 31 grudnia 2008 r. oraz skonsolidowane
sprawozdanie finansowe za rok zakończony 31 grudnia 2008 r. sporządzone zgodnie z
MSSF zatwierdzonymi przez UE dostępne jest na stronie http://investor.tvn.pl.
Informacja dodatkowa stanowi integralną część niniejszego śródrocznego
skróconego sprawozdania finansowego.
SF- 10 -

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