LINX - Annual Report 2012

ANNUAL REPORT2012
07/05/2013

Financial Statements

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Balance sheet in December, 31, 2012 and 2011

(In Thousand Reais)

  Parent company Consolidated
Assets Note 12/31/12 12/31/11 12/31/12 31/12/11
 
Current assets          
  Cash and cash equivalents 5 8.805 28.561 47.734 79.129
  Trade accounts receivable 6 300 - 45.891 38.755
  Inventories   - - 137 106
  Recoverable taxes   1.451 997 4.707 4.301
  Loans with related companies 7 2.151 2.040 - -
  Dividends receivable 7 - 6.920 - -
  Other receivables   1.625 246 5.459 1.964
             
      14.332 38.764 103.928 124.255
 
Non-current assets          
  Long-term assets          
    Loans with related companies 7 41.303 3.252 - -
    Judicial deposits   - - 351 179
    Other receivables   - - 84 -
               
        41.303 3.252 435 179
               
    Investments 8 221.278 214.438 - -
               
    Property, plant and equipament 9 - - 26.054 23.480
               
    Intangible assets 10 - - 245.026 208.572
               
        262.581 217.690 271.515 232.231
 
 
    276.913 256.454 375.443 356.486
 
 
 
  Parent company Consolidated
Passive Note 12/31/12 12/31/11 12/31/12 31/12/11
 
Current liabilities          
  Suppliers   1 1 4.289 6.024
  Loans and financing 11 2.068 1.951 5.030 10.555
  Labor obligations 12 5 112 12.741 12.298
  Taxes ans contributions payable   - - 1.293 1.193
  Income and social contributions taxes   6 69 2.011 2.015
  Accounts payable from acquisition of subsidiaries 13 - - 11.417 19.927
  Deffered income 4.8 - - 9.057 2.614
  Dividends payable 7 - 3.657 - 3.657
  Other accounts payable   87 257 1.294 3.628
             
      2.167 6.047 47.132 61.911
 
Non-current liabilities          
  Loans and financing 11 41.303 3.252 42.548 8.404
  Accounts payable from acquisition of subsidiaries 13 - - 35.631 32.363
  Deferred tax liabilities 14 - - 16.424 6.094
  Other accounts payable   - - 265 559
             
      41.303 3.252 94.868 47.420
 
Shareholders capital 15        
  Capital   2.688 2.688 2.688 2.688
  Capital reserve   210.252 210.252 210.252 210.252
  Profit reserve   19.809 13.924 19.809 13.924
  Additional dividends proposed   694 20.291 694 20.291
             
      233.443 247.155 233.443 247.155
 
 
    276.913 256.454 375.443 356.486

 

 

Income Statement

Year ended on December 31, 2012 and 2011 - (Em milhares de Reais)

The explanatory notes are part of the financial statements and you can access downloading the complete financial statements for 2012 by clicking here.
  Parent company Consolidated
  Nota 12/31/2012 12/31/2011 12/31/2012 31/12/11
 
Net revenues 17 - - 230.989 184.501
 
Cost of sales and services 18 - - (65.534) (48.433)
 
Gross profit   - - 165.455 136.068
 
Despesas operacionais          
  Other operating revenues 18 - 6 160 62
  Administrative and general expenses 18 (164) (539) (69.570) (54.109)
  Selling expenses ´10/18' - - (24.677) (21.224)
  Research and development 18 (1) - (34.491) (23.915)
  Equity in income of subsidiaries 8 21.081 22.647 - -
  Other operating expenses, net 18 (316) (145) (2.648) (528)
 
Income before financial income (expenses) and taxes   20.600 21.969 34.229 36.354
  Financial revenues 19 2.295 5.257 6.974 12.539
  Financial expenses 19 (870) (37) (7.712) (13.661)
 
Net financial revenues (expenses)   1.425 5.220 (738) (1.122)
 
Income before taxes   22.025 27.189 33.491 35.232
  Deferred income and social contribution taxes 14 - - (7.260) (3.072)
  Current income and social contribution taxes 14 - (124) (4.206) (5.095)
 
Net profit from the continued operations   22.025 27.065 22.025 27.065
 
Net loss from the descontinued operations 22 (4.721) (6.029) (4.721) (6.029)
 
Net profit of the year   17.304 21.036 17.304 21.036
 
Earnings per share          
  Earnings per share - Basic and diluted   1,2794 1,8080    
  Outstanding number of shares   13.524.889 11.634.960    

 

 

Year ended on December 31, 2012 and 2011

(In Thousand Reais)

The explanatory notes are part of the financial statements and you can access downloading the complete financial statements for 2012 by clicking here.
  Capital reserve Profit reserves      
  Note Capital Goodwill in capital subscription Expenditures with issuance of shares Total Redemption fund Legal reserve Profit retention Total Retained profits Addtional dividends proposed Total
 
Balance in January 1st, 2011   1.988 49.830 - 49.830 7.118 397 9.321 16.836 - - 68.654
                         
Capital raise   700 - - - - - - - - - 700
                         
Goodwill in capital subscription   - 164.301 - 164.301 - - - - - - 164.301
                         
Expenditures with issuance of shares   - - (3.879) (3.879) - - - - - - (3.879)
                         
Net profit of the year   - - - - - - - - 21.036 - 21.036
                         
Allocation:                        
   Legal reserve   - - - - - 140 - 140 (140) - -
   Redemption fund constitution   - - - - 6.269 - - 6.269 (6.269) - -
   Dividends   - - - - - - - - (3.657) - (3.657)
   Additional dividends proposed   - - - - - - (9.321) (9.321) (10.970) 20.291 -
 
Balance in December 31st, 2011   2.688 214.131 (3.879) 210.252 13.387 537 - 13.924 - 20.291 247.155
                         
Net profit of the year   - - - - - - - - 17.304 - 17.304
                         
Allocation:                   -    
   Legal reserve 15 - - - - 5.191 - - 5.191 (5.191) - -
   Redemption fund constitution 15 - - - - - - 694 694 (694) - -
   Dividends 15 - - - - - - - - (10.725) (20.291) (31.016)
   Additional dividends proposed 15 - - - - - - - - (694) 694 -
 
Balance in December 31st, 2012   2.688 214.131 (3.879) 210.252 18.578 537 694 19.809 - 694 233.443

 

 

Year ended on December 31, 2012 and 2011

(In Thousand Reais)

The explanatory notes are part of the financial statements and you can access downloading the complete financial statements for 2012 by clicking here.
  Parent company Consolidated
  12/31/2012 12/31/2011 12/31/2012 31/12/11
 
Cash flows from operating activities        
  Net profit of the year 17.304 21.036 17.304 21.036
  Adjustments to reconciliate net income to cash provided by operating activities        
    Depreciation and amortization - - 25.475 20.228
    Equity in income of subsidiaries (21.081) (22.647) - -
    Discontinued operations 4.721 6.029 - -
    Result from the sell of fixed assets - - 3.188 1.293
    Allowance for doubtful accounts - - 430 59
    Financial charges - - 4.843 9.221
    Deferred taxes - - 10.330 2
    Current taxes - - 4.206 5.095
             
  Increase (decrease) in assets        
    Trade accounts receivable (300) - (6.873) (11.562)
    Inventories - - (31) 40
    Recoverable taxes (454) (988) (385) (686)
    Other credits and judicial deposits (1.379) (226) (3.751) 1.716
             
  Increase (decrease) in liabilities        
    Supliers - 1 (1.836) (3.239)
    Labor obligations (107) 84 58 4.344
    Taxes and contributions payable (63) 33 (150) (257)
    Deferred income - - 6.443 1.063
    Other accounts payable (160) 766 (2.628) 218
    Income and social contribution taxes paid - - (4.227) (5.095)
             
  Net cash provided by (used in) operating activites (1.519) 4.088 52.396 43.476
 
Cash flows from investing activities        
  Acquisition of PP&E - - (9.993) (14.633)
  Acquisition of intangible assets - - (12.859) (11.713)
  Acquisition of subsidiaries, net of cash acquired - - (33.154) (63.889)
  Disposal of fixed assets - - 975 409
  Disposal of discontinued operations, net cash 2.075 - - -
  Investments in subsidiaries (3.284) (136.670) - -
  Dividends received 17.645 11.234 - -
 
Net cash (used in) provided by investing activities 16.436 (125.436) (55.031) (89.826)
 
Cash flows from investing activities        
  Proceeds from loans and financing - - 43.300 8.561
  Payments of principal from loans and financing - - (12.486) (44.397)
  Payment of interest on loans and financing - - (4.843) (8.344)
  Payment of accounts payable from acquisitions of subsidiaries - - (20.058) (15.197)
  Dividends paid (34.673) (11.233) (34.673) (11.233)
  Paid-up capital - 165.001 - 165.001
  Expenses with issuance of shares - (3.879) - (3.879)
 
Net cash provided by (used in) financing activities (34.673) 149.889 (28.760) 90.512
 
Increase (decrease) in cash and cash equivalents (19.756) 28.541 (31.395) 44.162
 
Statement of increase (decrease) in cash and cash equivalents        
  At the beginning of the period 28.561 20 79.129 34.967
  At the end of the period 8.805 28.561 47.734 79.129
 
Increase (decrease) in cash and cash equivalents (19.756) 28.541 (31.395) 44.162

 

 

Year ended on December 31, 2012 and 2011

(In Thousand Reais)

The explanatory notes are part of the financial statements and you can access downloading the complete financial statements for 2012 by clicking here.
  Parent company Consolidated
  12/31/2012 12/31/2011 12/31/2012 31/12/11
 
Revenues        
  Sales of Services and Goods - - 255.083 199.776
  Other Revenues - 6 160 62
  Allowance for doubtful account - - (430) (59)
           
    - 6 254.813 199.779
 
Inputs acquired from third parties        
  Cost of services and goods sold 1 - 18.171 13.339
  Materials, energy, outsourced e other items 118 56 25.784 19.207
           
    119 56 43.955 32.546
 
Gross Added Value (119) (50) 210.858 167.233
  Depreciation and amortization - - 25.475 20.228
 
Net added value produced by the company (119) (50) 185.383 147.005
 
Added value received as transfer        
  Equity method 21.081 22.647 - -
  Financial revenue 2.295 5.257 6.974 12.539
  Other expenses (316) (145) (2.218) (469)
  Discontinued operations (4.721) (6.029) (4.721) (6.029)
           
    18.339 21.730 35 6.041
 
Total added value to be distributed 18.220 21.680 185.418 153.046
 
Added value distribution        
  Personnel 37 400 114.008 76.720
    Direct remuneration 2 396 96.235 61.241
    Benefits 35 4 10.596 10.446
    FGTS - - 7.177 5.033
             
  Taxes, rates and contributions 11 243 42.700 39.019
    Federal 11 243 33.127 31.295
    State - - 2.816 2.111
    Municipal - - 6.757 5.613
             
  Third-party capital remuneration 868 1 11.406 16.271
    Interests 868 1 7.712 13.661
    Rents - - 3.694 2.610
             
  Own capital remuneration 17.304 21.036 17.304 21.036
    Dividends and interests on own capital 11.419 14.627 11.419 14.627
    Retained earnings 5.885 6.409 5.885 6.409
             
      18.220 21.680 185.418 153.046

MATRIZ
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Água Branca - São Paulo - SP - CEP: 05036-010

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