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TMK - ARTROM S.A. - ART

Preliminary financial results 31.12.2016

Release Date: 2/15/2017 7:25:26 PM

IRIS Code: 381DF

ANNUALY FINANCIAL STATEMENTS AT 31 DECEMBER 2016

- preliminary -

 

Statement of financial position at 31 December 2016

 

 

2016

2015

 

 

RON

RON

ASSETS

 

   

Current assets

 

   

Cash and cash equivalents

 

        16.771.796

                4.078.542

Trade and other receivables

 

      213.831.908

            220.564.230

Inventories

 

      160.971.730

            132.326.524

Prepayments

 

      101.740.816

            100.154.777

 

 

      493.316.250

            457.124.073

Non-current assets

 

   

Intangible assets

 

          2.199.489

                1.519.161

Property, plant and equipment

 

      495.242.228

            459.542.424

Financial assets

 

          1.207.715

                     50.653

Other non-current assets

 

        14.145.049

                9.227.177

 

 

      512.794.481

            470.339.415

Total assets

 

   1.006.110.731

            927.463.488

 

 

   

LIABILITIES

 

   

Current liabilities

 

   

Trade and other payables

 

      177.655.481

            121.764.809

Advances from customers

 

          2.096.244

                1.490.850

Provisions and accruals

 

          1.112.600

                3.749.275

Interest-bearing loans and borrowings

 

      196.239.070

            120.873.604

Finance lease liability

 

             168.979

                   205.139

Total current liabilities

 

      377.272.374

            248.083.677

 

 

   

Non-current liabilities

 

   

Interest-bearing loans and borrowings

 

        96.877.164

            152.192.228

Finance lease liability

 

               31.096

                   189.847

Deferred tax liability

 

        37.145.260

              37.610.607

Provisions and accruals

 

             227.281

                   227.281

Employee benefits liability

 

          2.909.557

                2.927.896

Other long-term liabilities

 

             568.541

                     45.107

Total Non-current liabilities

 

      137.758.899

            193.192.966

Total liabilities

 

      515.031.273

            441.276.643

 

 

   

EQUITY

 

   

Capital and reserves

 

   

Share capital, from which:

 

      291.587.538

            291.587.538

 - Subscribed and paid share capital

 

      291.587.538

            291.587.538

Other items of equity

 

           (840.114)

              (1.102.272)

Legal and other reserves

 

        17.884.504

              17.603.476

Retained earnings

 

      177.817.075

            175.601.617

Profit of the year

 

          4.630.455

                2.496.486

Total equity

 

      491.079.458

            486.186.845

Total liabilities and equity

 

   1.006.110.731

            927.463.488

Statement of comprehensive income at 31 December 2016

 

 

2016

 

2015

 

 

RON

 

RON

Turnover

 

761.911.220

 

902.936.301

    Sales of goods

 

761.308.139

 

902.433.653

    Rendering of services

 

603.081

 

502.648

Cost of sales

 

(651.182.509)

 

(789.832.330)

Gross profit

 

110.728.711

 

113.103.971

 

 

     

Selling and distribution expenses

 

(64.075.063)

 

(64.849.043)

Advertising and promotion expenses

 

(104.798)

 

(271.069)

General and administrative expenses

 

(28.054.950)

 

(28.166.327)

Research and development expenses

 

(139.866)

 

(609.328)

Other operating expenses

 

(3.616.104)

 

(3.694.546)

Other operating income

 

1.071.750

 

428.983

Income from operations

 

15.809.680

 

15.942.641

Foreign exchange (loss) / gain, net

 

(4.618.201)

 

(6.047.997)

Finance income

 

4.425

 

4.084

Finance costs

 

(5.506.374)

 

(6.710.402)

Profit before tax

 

5.689.530

 

3.188.326

Income Tax

 

(1.059.075)

 

(691.840)

Profit for the year

 

4.630.455

 

2.496.486

 

 

     

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

       

Actuarial gains / (losses)

 

262.158

 

(57.187)

Income tax effect

 

-

 

(101.843)

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

 

262.158

 

(159.030)

Total comprehensive income for the year, net of tax

 

4.892.613

 

2.337.456

         

Average number of shares

 

116.170.334

 

116.170.334

Earnings per share

 

0,04

 

0,02

 

 

 

Chief Executive Officer,                                              Chief Economical and Accountancy Officer,                    

  Eng. Adrian Popescu                                                                  Ec. Cristiana Vaduva

 



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