General Meeting approves 2013 results

On 12 June, the General Meeting approved the results of Trakcja PRKiI and the Trakcja Group for 2013. In addition, approval was granted for fulfilment of duties by members of the supervisory board and the management board during the last financial year. Shareholders also decided about the manner of dividing the company profit.

The General Meeting of Trakcja PRKiI S.A. approved the Company's profit and loss statement for the period from 1 January 2013 to 31 December 2013, which presented net profit of PLN 26,219,635.62 and the income statement presenting positive total income in the amount of PLN 31,943 thousand.  In addition, the Company's balance sheet was approved, prepared as at 31 December 2013, presenting assets and liabilities in the amount of PLN 1,150,284 thousand, and a cash flow statement presenting a decrease in net cash by PLN 15,019 thousand.

Additionally, consolidated financial statements of the Trakcja Group were approved for the financial year ended on 31 December 2013, presenting net profit of PLN 37,916 thousand, and consolidated income statement presenting positive total income in the amount of PLN 45,013 thousand. Consolidated balance sheet was approved, prepared as at 31 December 2013, presenting assets and liabilities in the amount of PLN 1,643,138 thousand, and consolidated flow statement presenting a decrease in net cash by PLN 39,368 thousand.

The Ordinary General Meeting of Trakcja PRKiI decided that the net profit in the amount of PLN 26,219,635.62 will be assigned as a whole to cover the losses for the period from 1 January 2012 to 31 December 2012.

All members of the supervisory board and the management board obtained approval of fulfilment of their duties performed in 2013.

The agenda and full text of resolutions is available on the company's website on: