If you can see this message, your browser does not support canvas and needs an update. Sorry. :(
Monday, December 17, 2018 
Market Status: CLOSE
About us and Governance Investor Relations Contact
Advanced search

Market News


TMK - ARTROM S.A. - ART

2017 Preliminary financial results

Release Date: 2/15/2018 6:44:48 PM

IRIS Code: 4C6A0

 

 

STAND-ALONE AND CONSOLIDATED ANNUALY FINANCIAL STATEMENTS AS AT 31st DECEMBER 2017

- preliminary, unaudited -

Statement of financial position at 31st December 2017

 

 

 

Stand-alone

 

Consolidated

 

 

2017

2016

 

2017

2016

 

 

RON

RON

 

RON

RON

ASSETS

 

         

Current assets

 

         

Cash and cash equivalents

 

10.825.193

16.771.796

 

11.608.847

18.076.998

Trade and other receivables

 

238.896.231

213.734.145

 

239.621.345

212.585.857

Inventories

 

238.083.714

158.437.553

 

238.134.851

158.437.553

Prepayments

 

66.350.475

101.740.816

 

66.452.911

101.802.916

Other current assets

 

1.067.612

-

 

1.067.612

-

 

 

555.223.225

490.684.310

 

556.885.566

490.903.324

Non-current assets

 

         

Intangible assets

 

1.965.398

2.199.489

 

1.973.616

2.211.205

Property, plant and equipment

 

606.665.435

495.204.358

 

606.854.804

495.453.535

Financial assets

 

1.134.686

1.207.715

 

1.130.659

1.203.688

Other non-current assets

 

4.225.686

14.145.049

 

4.255.909

14.178.469

 

 

613.991.205

512.756.611

 

614.214.988

513.046.897

Total assets

 

1.169.214.430

1.003.440.921

 

1.171.100.554

1.003.950.221

 

 

         

LIABILITIES

 

         

Current liabilities

 

         

Trade and other payables

 

217.413.772

177.652.799

 

215.353.950

177.668.537

Advances from customers

 

4.211.020

2.096.244

 

4.211.020

2.096.244

Provisions and accruals

 

4.439.141

2.899.042

 

4.961.547

3.029.112

Interest-bearing loans and borrowings

 

210.483.727

196.239.070

 

210.483.727

196.239.070

Finance lease liability

 

360.797

168.979

 

360.797

168.979

Income tax payable

 

-

-

 

-

-

Total current liabilities

 

436.908.457

379.056.134

 

435.371.041

379.201.942

 

 

         

Non-current liabilities

 

         

Interest-bearing loans and borrowings

 

169.444.772

96.877.164

 

169.444.772

96.877.164

Finance lease liability

 

1.012.594

31.096

 

1.012.594

31.096

Deferred tax liability

 

34.754.921

36.445.082

 

34.686.141

36.488.399

Provisions and accruals

 

227.281

227.281

 

227.281

227.281

Employee benefits liability

 

3.034.324

2.909.557

 

3.034.324

2.909.557

Other long-term liabilities

 

729.080

568.414

 

729.080

568.414

Total Non-current liabilities

 

209.202.972

137.058.594

 

209.134.192

137.101.911

Total liabilities

 

646.111.429

516.114.728

 

644.505.233

516.303.853

             

EQUITY

           

Capital and reserves

           

Share capital, from which:

 

291.587.538

291.587.538

 

291.587.538

291.587.538

 - Subscribed and paid share capital

 

291.587.538

291.587.538

 

291.587.538

291.587.538

Other items of equity

 

(804.074)

(840.114)

 

(804.074)

(840.114)

Legal and other reserves

 

53.377.681

17.775.480

 

53.377.681

17.775.480

Retained earnings

 

143.201.089

177.926.099

 

143.489.284

177.926.099

Foreign currency translation reserve

 

-

-

 

24.115

31.980

Profit of the year

 

35.740.767

877.190

 

38.920.777

1.165.385

Total equity

 

523.103.001

487.326.193

 

526.595.321

487.646.368

Total liabilities and equity

 

1.169.214.430

1.003.440.921

 

1.171.100.554

1.003.950.221

 

Statement of comprehensive income at 31st December 2017

 

 

 

Stand-alone

 

Consolidated

 

 

2017

2016

 

2017

2016

 

 

RON

RON

 

RON

RON

Turnover

 

1.065.354.433

761.911.220

 

1.076.355.154

763.443.060

    Sales of goods

 

1.064.760.739

761.308.139

 

1.071.954.877

761.352.699

    Rendering of services

 

593.694

603.081

 

4.400.277

2.090.361

Cost of sales

 

(892.938.375)

(654.215.534)

 

(899.440.482)

(654.215.534)

Gross profit

 

172.416.058

107.695.686

 

176.914.672

109.227.526

 

 

         

Selling and distribution expenses

 

(90.837.205)

(64.271.091)

 

(86.933.684)

(63.971.306)

Advertising and promotion expenses

 

(262.168)

(104.798)

 

(289.244)

(125.309)

General and administrative expenses

 

(35.044.575)

(29.183.676)

 

(38.227.080)

(30.573.827)

Research and development expenses

 

(117.956)

(139.866)

 

(117.956)

(139.866)

Other operating expenses

 

(3.239.320)

(3.703.262)

 

(3.247.830)

(3.703.263)

Other operating income

 

1.456.496

1.071.877

 

1.456.496

1.071.877

Income from operations

 

44.371.330

11.364.870

 

49.555.374

11.785.832

Foreign exchange (loss) / gain, net

 

(2.034.053)

(4.615.854)

 

(2.034.053)

(4.615.854)

Finance income

 

1.714

4.426

 

957

1.188

Finance costs

 

(6.736.790)

(5.506.374)

 

(6.736.790)

(5.506.374)

Profit before tax

 

35.602.201

1.247.068

 

40.785.488

1.664.792

Income Tax

 

138.566

(369.878)

 

(1.864.711)

(499.407)

Profit for the year

 

35.740.767

877.190

 

38.920.777

1.165.385

             

Other comprehensive income - which can be reclassified in profit or loss

           

Foreign currency translation

 

-

-

 

(7.865)

-

Other comprehensive income - which cannot be reclassified in profit or loss

           

Actuarial gains / (losses)

 

36.040

262.158

 

36.040

262.158

Income tax effect

 

-

-

 

-

-

Other comprehensive income (loss) for the year, net of tax

 

36.040

262.158

 

28.175

262.158

Total comprehensive income for the year, net of tax

 

35.776.807

1.139.348

 

38.948.952

1.427.543

             

Average number of shares

 

116.170.334

116.170.334

 

116.170.334

116.170.334

Earnings per share

 

0,31

0,01

 

0,34

0,01

 

 

 

 

 

Chief Executive Officer,                                                                                               Chief Economical and Accountancy Officer,                    

 Eng. Adrian Popescu                                                                                                          Ec. Cristiana Vaduva

 

 

 



 Print

Information provided by IRIS, the news platform of the Bucharest Stock Exchange.

______________________

Bucharest Stock Exchange ("BVB") is not responsible for the content of this News item. Issuers whose financial instruments are traded on markets operated by BVB are required to report in accordance with current legal and regulatory provisions. BVB publishes these Reports as market administrator, appointed by ASF. When, for investors’ information, Reports are published, either signed by different persons, or with conflicting information, legal liability lies fully with the signatories. BVB disclaims any obligation or responsibility towards issuers or third parties, regarding the reality, completeness and accuracy of information provided by them and distributed by BVB. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.


©2016 Bucharest Stock Exchange. All rights reserved