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ARMATURA S.A. - ARM

Preliminary financial results 2017

Release Date: 2/15/2018 7:44:45 AM

IRIS Code: BE085

  

 

ARMATURA S.A.

 

 

SEPARATE PRELIMINARY FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

 

PREPARED IN ACCORDANCE WITH

THE INTERNATIONAL FINANCIAL REPORTING STANDARDS

ADOPTED BY THE EUROPEAN UNION

 

 

 

 

 


                                                                                       01 January                         31 December              

                                                                                                  2017                                        2017  

                                                                                                         

Assets

 

Non-current assets

 

Tangible assets                                                               18.323.845                             17.521.963                                                                       

Intangible assets                                                                       1.923                                         445  

Total non-current assets                                             18.325.768                             17.522.408                                                                       

 

Current assets

 

Inventories                                                                         5.322.293                               4.477.212              

Clients and other receivables                                            1.627.900                                  501.069              

Cash and cash equivalents                                                  547.651                                  565.825              

                                                                                                             

 

 

Total current assets                                                       7.497.844                               5.544.107              

 

Total assets                                                                   25.823.612                             23.066.514  

 

Equity and liabilities

 

 

Share capital                                                                   18.110.957                             18.110.957              

Reserves                                                                           9.738.908                               9.738.908              

Balance carried forward                                                -33.839.308                            -37.976.266              

                                                                                                                                                                                                                                

Total equity                                                                    -5.989.443                            -10.126.401

 

Long-term liabilities

 

Loans                                                                                                                                                             

Finance lease liabilities                                                                     -                                              -              

Deferred tax liabilities                                                           981.624                                  981.624              

Suppliers and other liabilities                                                  37.907                                              -              

 

                                                                                          1.019.531                                  981.624              

 

 

 

 

 

                                                                                        01 January                         31 December  

                                                                                                  2017                                        2017  

                                                                                                                                                         

 

Current liabilities

 

Suppliers and other liabilities                                             7.939.788                               8.386.755  

Shareholders – amounts

receivable related to capital                                                        100                                         100  

Loans                                                                               22.705.500                             23.654.449

Provisions for risks and charges                                          148.136                                   169.987  

 

Total current liabilities                                                 30.793.524                              32.211.292  

 

Total liabilities                                                               31.813.055                              33.192.915  

 

Total equity and liabilities                                            25.823.612                              23.066.514  

 

 

 

Piotr Skudlarski

Administrator

 

 


                                                                                                  Year ended                 Year ended

                                                                                                31 December               31 December

                                                                                                               2016                              2017

                                                                                                                                                           

 

Revenue                                                                                      19.254.634                    11.849.404

Other operating income                                                                     39.513                           49.119

Change in stocks of finished goods

and work in progress                                                                       -585.452                        -468.219

Capitalized fixed assets                                                                       3.522

Raw materials and other materials                                              -8.054.592                     -5.962.924

Cost of sales                                                                                   -569.521                        -196.655

Staff costs                                                                                    -6.319.737                     -4.379.272

Utilities expenses                                                                         -3.294.097                     -1.649.818

Services provided by third parties                                                  -635.869                        -604.437

Amortization and depreciation of

non-current assets                                                                          -926.491                        -941.635

Net movement in provisions for

other risks and charges                                                                      46.113                          -21.851

 

Other operating expenses                                                            -1.137.701                        -730.084

Other income / (losses) - net                                                       -252.993                         172.261

 

Operating profit                                                                            -2.432.671                     -2.884.113

Financial incomes                                                                                    -6                                  18

 

Financial expenses                                                                       -628.439                     -1.252.864

 

Net financial loss                                                                           -628.446                     -1.252.846

 

Loss before taxation                                                                    -3.061.116                     -4.136.959

 

Gain / (Expense) with the current

and deferred income tax                                                                  103.268                                     -

                                                                        

Net loss for the year                                                                  -2.957.848                     -4.136.959

 

 

Number of shares issued                                                            40.000.000                    40.000.000

 

 

Basic and diluted earnings per share                                           -0,0739                          -0,1034

 

 

                                                                                                                     

 

                                                                                                31 December               31 December

                                                                                                               2016                              2017

                                                                                                                                                           

 

 

Loss for the year                                                                        -2.957.848                     -4.136.959

 

Other elements of the comprehensive income:

 

Gains /(Losses) from revaluation

of buildings                                                                                                   -                                     -

Impact of deferred tax on

Revaluation reserves                                                                                   -                                     -

 

Other elements of the comprehensive income

for the year, net of tax                                                                               -                                     -

 

Total comprehensive income for the year                             -2.957.848                     -4.136.959

 

 

 

Piotr Skudlarski

Administrator

 

 

 



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