Economic Results

The structure of the client portfolios of Agrární půdní fond s.r.o.

The total value of client portfolios as of September 25, 2022 was CZK 335,013,375. This value is made up of the basic products Investment agricultural land IAL, Long-term investment in agricultural land LTIAL and Individual portfolio IP. The IP product accounts for the largest share of the total value at 88.15%. The value of the portfolios secured by the future purchase contract is CZK 100,833,821, which represents 30.01% of the total value of client portfolios. This year, clients were paid a guaranteed return in the form of an advance payment on the future purchase price in accordance with the concluded contracts on the future purchase contract in the total amount of CZK 3,956,776.

Economic results of Agrární půdní fond s.r.o. in 2021

Administrative fees (APF commission) were reported for 2021 in the total amount of CZK 5,452,572. These are standard commissions from concluded client portfolios and additional commissions received when the returns exceeded the guaranteed return in accordance with the business conditions of APF products.

In 2021, we completed 372 trades with a total value of CZK 182,842,049 and with a total area of 4,429,768 m² (443 ha). The total number of completed trades increased by 49% compared to 2020.

Over the year 2021, APF by itself sold land with a total value of CZK 6,269,193 (17 trades), with an average gross profitability of 29.24%. The gross profit from these transactions amounted to CZK 1,418,431.

In 2021, the owner of APF sold land with a total value of CZK 7,362,242 (21 trades) with an average gross profitability of 31.21%. The gross profit from these transactions amounted to CZK 1,751,290. The funds obtained from sales of land owned by the company’s owner were reinvested into APF in the form of an increase in stock capital to a total of CZK 5,100,000 and in the form of a long-term liability to an associate in the amounts of CZK 5,829,006 (RE Services & Investments s.r.o.) and CZK 1,327,939 (directly the owner of the company as a natural person). The total amount of liabilities to the owner of the company was CZK 7,156,945.

As of 31 December 2021, the credit provided by the banking institution was reduced to a total of CZK 4,197,227.

In August 2021, APF started a subscription for APFD 7.5/25 corporate bonds. The value of the subscribed bonds as of 31 December 2021 was CZK 2,300,000. The funds obtained through the subscription for bonds were used to purchase agricultural land into the ownership of APF.

The total value of APF’s assets as of 31 December 2021 was CZK 27,539,515. This value consisted mainly of tangible fixed assets (63.31%) – agricultural land.

 

The value of equity was CZK 9,160,957.

The annual total net turnover was CZK 7,335,003.

The operating result reported as of 31 December 2021 was in the amount of CZK 5,211,720.

Ratio of Equity to Total Assets

Equity ratio 1: 33.26%

Ratio (equity + liabilities to associates) and total assets

Equity ratio 2: 59.25%

Debt ratio ((external sources – liabilities to associates – accrued liabilities)/equity): 57.18%

 

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