Audited annual accounts

Audited annual accounts

Consolidated Profit and Loss Account

INCOME (EXPENDITURE) 2013 2012
NET SALES FIGURE 1.572.143 1.600.465
Procurements and other external expenses (541.983) (552.611)
Staff costs (394.363) (439.359)
Fixed asset depreciation (109.714) (115.921)
Other operating expenses and revenues (428.276) (489.884)
OPERATING RESULT 97.807 2.690
FINANCIAL RESULTS (37.103) (32.992)
Share in income of companies consolidated by equity accounting 3.721 3.677
Impairment of shareholdings in companies consolidated by equity accounting - (623)
CONSOLIDATED PROFIT BEFORE TAX 64.425 (27.248)
Tax on profits (11.712) (3.816)
CONSOLIDATED RESULT 52.713 (31.064)
Results attributed to minority interests (loss) - (3)
EARNINGS ATTRIBUTABLE TO THE GROUP 52.713 (31.061)

Consolidated balance sheet at 31 december

ASSETS 2013 2012
NON-CURRENT ASSETS
Intangible fixed assets 364.294 392.991
Tangible fixed assets 729.912 803.782
Property investments 19.770 15.845
Long-term investments in associated companies 33.824 31.194
Long-term investments 18.189 18.883
Deferred tax assets 152.385 136.002
TOTAL NON-CURRENT ASSETS 1.318.374 1.398.697
CURRENT ASSETS
Stock on hand 352.798 371.113
Trade and other receivables 297.974 313.607
Short-term investments 34.087 17.423
Short-term accruals 8.970 11.148
Cash and cash equivalents 72.785 51.485
TOTAL CURRENT ASSETS 766.614 764.776
TOTAL ASSETS 2.084.988 2.163.473
LIABILITIES 2013 2012
TOTAL EQUITY
SHAREHOLDERS’ EQUITY 1.176.453 1.136.763
Capital 155.530 155.530
Share premium 409.564 409.564
Reserves 571.172 615.256
Results 52.713 (31.061)
Interim dividend (12.526) (12.526)
ADJUSTMENTS FOR CHANGES IN VALUE (68.469) 33.345
SUBSIDIES RECEIVED 3.928 4.139
EXTERNAL PARTNERS 178 181
TOTAL NET EQUITY 1.112.090 1.174.428
NON-CURRENT LIABILITIES
Long-term provisions 27.192 35.059
Long-term liabilities 399.156 360.748
Deferred tax liabilities 69.145 71.461
TOTAL NON-CURRENT LIABILITIES 495.493 467.268
CURRENT LIABILITIES
Short-term provisions 51.113 73.562
Current liabilities 95.461 125.658
Trade and other payables 330.733 322.434
Short-term accruals 98 123
TOTAL CURRENT LIABILITIES 477.405 521.777
TOTAL LIABILITIES AND EQUITY 2.084.988 2.163.473

Group companies

ADDRESS COMPANY
Germany Staudt Roca GmbH
Argentina Buenos Aires Roca Argentina, S.A.
Australia Sydney Roca Bathroom Products Australia Pty Ltd
Austria Wilhelmsburg Laufen Austria AG
Brazil Campo Largo-Paraná
Campo Largo-Paraná
Incepa Revestimentos Cerâmicos Ltda.
Roca Sanitários Brasil Ltda.
Bulgaria Kaspichan Roca Bulgaria AD
China Jiangmen
Foshan
Foshan
Foshan
Shanghai
Suzhou
Tangshan
Jiangmen Giessdorf Bathroom Products, Co. Ltd.
Roca (China), Co. Ltd.
Xinle Bathroom Products (Foshan), Co. Ltd.
Cosmic Bathroom Accessories, Co. Ltd.
Roca Sanitaryware Trading, Co. Ltd.
Roca Sanitaryware (Suzhou), Co. Ltd.
Tangshan Ying Bathroom Products, Co. Ltd.
Croatia Zapresic Inker, Industrija Keramike i Porculana D.D.
Denmark Köge Laufen Nordic ApS
Egipto 6th of October City
6th of October City
National Industrial & Trading Co “Gravena” S.A.E.
National Sanitaryware Company S.A.E.
Slovaquia Bratislava Laufen SK s.r.o.
Spain Barcelona
Barcelona
Barcelona
Barcelona
Madrid
Burgos
Castellón
Sevilla
Roca Corporación Empresarial, S.A.
Roca Sanitario, S.A.
Cerámicas del Foix, S.A.
Industrias Cosmic S.A.
Laufen Bathrooms, S.A.
Cerámicas Gala, S.A.
Cerámicas Belcaire, S.A.
Cerámicas de Bellavista, S.A.
EE. UU. Miami / Florida Roca USA Inc.
Russian Federation Cheboksary Davidovo Kaluga Tosno Keramika OOO
Aquaton Rus OOO
Ugrakeram OOO
Roca Rus OOO
France París Roca S.A.R.L.
Greece Atenas Roca Hellas, A.E.E.
Holanda Eindhoven Laufen Benelux B.V.
Hong Kong Hong Kong
Hong Kong
Roca Asia Ltd.
Roca Sanitaryware Ltd.
India Chennai Roca Bathroom Products Pvt Ltd.
Italy Milán Laufen Italia S.R.L.
Malaysia Selangor Darul Ehsan
Selangor Darul Ehsan
Selangor Darul Ehsan
Roca Malaysia Sdn Bhd
Johnson Suisse Sdn Bhd
Econax Sdn Bhd
Morrocco Settat Roca Maroc, S.A.
Poland Gliwice
Gliwice
ZWS Silesia, Sp. z.o.o.
Roca Polska, Sp. z.o.o.
Portugal Agueda
Anadia
Cantanhede
Leiria
BLB – Indústrias Metalúrgicas, S.A.
Sanitana, S.A.
Roca Torneiras, Lda.
Roca, S.A.
United Kingdom Birmingham
Worcestershire
Roca, Ltd.
Laufen Ltd.
Czech Republic Praga Laufen CZ, s.r.o.
Romania Bucarest Roca Obiecte Sanitare SRL.
Singapore Singapur Roca Bathroom Products Singapore Pte Ltd
Switzerland Laufen
Laufen
Laufen
Laufen
Keramik Holding AG
Keramik Laufen AG
Roca Finance AG
Similor AG
Taiwan Changhua Roca Taiwan Co Ltd