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ARMATURA S.A. - ARM

Q3 2017 report

Release Date: 11/15/2017 7:54:24 AM

IRIS Code: D9371

   

 

ARMATURA S.A.

 

 

SEPARATE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 September 2017

 

PREPARED IN ACCORDANCE WITH

THE INTERNATIONAL FINANCIAL REPORTING STANDARDS

ADOPTED BY THE EUROPEAN UNION

 

 

 

                                                                                                                                                                                                                                                                                   

                                                                                                                                                           

                                                                                       01 January                       30 September              

                                                                                                  2017                                        2017  

                                                                                                         

Assets

 

Non-current assets

 

Tangible assets                                                               18,323,845                             17,770,232              

Intangible assets                                                                       1,923                                         703  

 

Total non-current assets                                             18,325,768                             17,770,935              

 

Current assets

 

Inventories                                                                         5,322,293                               4,224,454              

Clients and other receivables                                            1,627,899                               1,670,088              

Cash and cash equivalents                                                  547,651                                  134,643              

Short-term financial assets                                                              -                                              -       

 

 

Current assets - Total                                                    7,497,843                               6,029,185              

 

Assets -Total                                                                 25,823,611                              23,800,120  

 

Equity and liabilities

 

 

Share capital                                                                   18.110.957                             18.110.957              

Reserves                                                                           9.738.908                               9.738.908              

Retained earnings                                                          -33.839.309                            -36,629,861                                                                       

                                                                                                                                                                                                                                

Total equity                                                                    -5,989,443                              -8,779,996

 

Long-term liabilities

 

Loans                                                                                                                                                             

Deferred tax liabilities                                                           981,624                                  981,624              

Trade and other liabilities                                                       37.907                                      9,476              

 

                                                                                          1.019.530                                  991,100

 

 

 

 

                                                                                       01 January                       30 September  

                                                                                                  2017                                        2017  

                                                                                                                                                         

 

Current liabilities

 

Trade and other payables                                                 7.939.788                               8,211,493  

Capital settlements with

shareholders                                                                                100                                         100  

Loans                                                                               22.705.500                             23,229,288

Provisions for risks and expenses                                        148.136                                   148,136  

 

Total current liabilities                                                 30,793,524                              31,589,016              

 

Total liabilities                                                               31,813,054                              32,580,116  

 

Total equity and liabilities                                            25,823,611                              23,800,120              

 

 

 

 

                                                                                                 Period ended            Period ended

                                                                                                         30 Sept                         30 Sept

                                                                                                               2017                              2016

                                                                                                                                                           

 

Revenue                                                                                        9,727,094                    15.385.674

Other operating income                                                                     38,555                           29.864

Variation in stocks of finished goods

and work in progress                                                                    -659,640                  -531.597

Capitalized fixed assets                                                                              0                             3.522

Raw materials and consumables                                                -4,240,960                     -6.147.983

Cost of goods                                                                                  -378,424                        -443.500

Personnel expenses                                                                  -3,630,6514                     -4.847.153

Utility expenses                                                                            -1,336,460                     -2.487.863

Services provided by third parties                                                  -495,802                        -519.271

Amortisation and depreciation of

fixed assets                                                                                     -707,451                        -696.127

Net movement in provisions for

other risks and expenses                                                                             -                          -28.459

 

Other operating expenses                                                               -528,437                        -842.673

 

Other income / (loss) - net                                                            161,432                         151.568

 

Operating result                                                                           -2,050,744                        -973.998

 

Financial revenue                                                                                    12                                 -10

 

Financial expenses                                                                       -739,822                           31.828

 

Net financial result                                                                        -739,810                           31.818

 

Loss before taxation                                                                    -2,790,554                        -942.180

 

Current and deferred income

tax revenue / (expense)                                                                               -                                     -

 

Net loss for the period                                                               -2,790,554                        -942.180

 

 

Shares issued                                                                              40.000.000                    40.000.000

 

 

Earnings per basic share and diluted share                                      -0.0698                          -0,0236


                                                                                                        30  Sept                         30 Sept

                                                                                                               2017                              2016

                                                                                                                                                           

 

 

Loss for the period                                                                    -2,790,554                        -942.180

 

Other elements of the comprehensive income:

 

Gain /(Loss) from revaluation                                                       

of buildings                                                                                                   -                                     -

Impact of deferred tax on

revaluation reserves                                                                                     -                                     -

 

Other elements of the comprehensive income

for the period, net of tax                                                                            -                                     -

 

Total comprehensive income for the period                         -2,790,554                        -942.180

 

 

 

 

 

 

 

Administrator,

Piotr Skudlarski

 



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