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AEROSTAR S.A. - ARS

Preliminary financial results of the year 2017

Release Date: 2/15/2018 8:13:13 AM

IRIS Code: 764F6

15.02.2018

 

  PRESS RELEASE

                PRELIMINARY FINANCIAL RESULTS OF THE YEAR 2017

 

 

S.C. AEROSTAR S.A. BACAU  reports  the “Preliminary Financial Results of the year 2017”.

 

The preliminary financial results presented are not audited, being prepared in accordance with the accounting standards applicable.  

 

The report comprises:

·         Preliminary individual statement of the financial position for the financial year ended 31 December 2017

 

·         Preliminary individual statement  of profit or loss for the financial year ended ry 31 December 2017

 

·         Preliminary proposal for the distribution of the profit made in 2017

 

The preliminary financial results are available on the company website  www.aerostar.ro in the section Investors Relation, Subsection Periodic Reports– „Preliminary financial results of the year 2017”, on the date of 15 February 2018, starting with 8:00 hours a.m.

 

PRESIDENT OF THE BOARD OF DIRECTORS,

GRIGORE FILIP

 VICEPRESIDENT OF THE BOARD OF DIRECTORS,

 DORU DAMASCHIN

 

 

 

S.C. AEROSTAR S.A.

PRELIMINARY INDIVIDUAL STATEMENT OF THE FINANCIAL POSITION

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017

(all amounts are in thousands lei, unless specified otherwise)

 

 

31 December 2017

 

31 December 2016

ASSETS

 

 

 

 

 

Immobilized Assets

 

 

Tangible immobilizations

144.613

146.007

Intangible immobilizations

1.858

1.689

Real estate investments

6.987

6.499

Financial immobilizations

228

202

Total immobilized assets

153.686

154.397

Circulating Assets

 

 

Inventories

67.925

50.272

Commercial receivables and other receivables

46.640

42.749

Cash and cash equivalents

163.886

163.153

Total circulating assets

278.451

256.174

Expenses in advance

491

521

Total Assets

432.628

411.092

COMPANY CAPITALS, DEBTS AND PROVISIONS

 

 

Capital and reserves

 

 

Registered capital

48.729

48.729

Current result

53.170

56.472

Result carried forward

57.524

56.331

Other reserves

110.843

67.833

Debts/Receivables related to tax on deferred profit

 

 

recognized on account of company capitals

(7.961)

(6.362)

Profit distribution for legal reserve

(9.338)

(9.095)

Total company capitals

252.967

213.908

Long term debts

 

 

Subsidies for investments

12.677

15.001

Revenues registered in advance

28

33

Debts regarding the tax on deferred profit

2.126

3.804

Other debts

51

-

Total long term debts

14.882

18.838

Long term provisions

75.825

71.448

Current debts

 

 

Commercial debts

29.515

37.472

Debts with tax on deferred profit

1.522

2.215

Other current debts

8.553

14.414

Total current debts

39.590

54.101

Short term provisions

49.364

52.797

Total provisions

125.189

124.245

Total debts

54.472

72.939

Total company capitals, debts and provisions

432.628

411.092

 

General Director

                           
                             Financial Director

Grigore Filip

                             Doru Damaschin

 

 

 

       

 

S.C. AEROSTAR S.A.

PRELIMINARY INDIVIDUAL STATEMENT OF THE PROFIT OR LOSS

FOR THE FINANCIAL YEAR  ENDED 31 DECEMBER 2017

(all amounts are in thousands lei, unless specified otherwise)

 

 

 

 

31 December 2017

31 December 2016

 

 

 

 

Revenues from Sales

 

340.172

356.219

Other revenues

 

3.632

3.654

Revenues related to inventories of finished products and production in progress

 

 

10.420

3.817

Revenues from production of immobilizations

 

1.287

1.603

Total Revenues from Operations

 

355.511

365.293

Expenses

 

 

 

Expenses with materials

 

(128.002)

(126.222)

Expenses with benefits for employees

 

(108.629)

(99.488)

Expenses with amortization of immobilizations

 

(24.275)

(16.042)

Influence of adjustments  related to current assets

 

1.337

(592)

Influence of adjustments related to provisions

 

(945)

(13.549)

Expenses related to external services

 

(30.629)

(40.957)

Other expenses

 

(4.228)

(3.835)

Total Expenses from Operations

 

(295.371)

(300.685)

Profit from Operations

 

              60.140

             64.608

 

 

 

 

Financial Revenues

 

4.413

7.514

Financial Expenses

 

(5.766)

(6.257)

 

 

 

 

Financial  Profit or Loss

 

(1.353)

1.257

 

 

 

 

Profit before tax

 

58.787

65.865

 

 

 

 

Tax on current profit deferred

 

(5.617)

(9.393)

 

 

 

 

Net profit of the year

 

53.170

56.472

 

 

 

 

 

 

 

 

General Director

 

Financial Director

Grigore Filip

 

Doru Damaschin

 

 

 

 

         

 

 

S.C. AEROSTAR S.A. BACAU

Strada Condorilor nr. 9

 

 PRELIMINARY DISTRIBUTION PROPOSAL  

FOR THE PROFIT MADE IN  2017

 

 

           Net profit of the financial year 2017                                 53.169.633  lei

 

  • Allocations as legal reserve of the reinvested profit               9.337.716  lei

 

  • Allocations  for statutory reserves                                          29.517.837  lei

 

·      Allocations as dividends                                                       14.314.080  lei

    (gross dividend per share: 0,094 lei)

 

 

 PRESIDENT  BoD & GENERAL DIRECTOR,

 GRIGORE FILIP

 

 VICEPRESIDENT BoD & FINANCIAL DIRECTOR

 DORU DAMASCHIN

 

 



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