Roca Group // 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