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CASA DE BUCOVINA-CLUB DE MUNTE - BCM

Q1 financial results 2017

Release Date: 5/11/2017 6:49:27 PM

IRIS Code: 93416

ANNOUNCEMENT

In accordance with the legal provisions in force, the company informs investors that the Board of Administrators’ report for the first three months of 2017 will be available to the public starting with 11 May 2017, 18:30, as follows:

1. in soft copy at www.bestwesternbucovina.ro

2. in hard copy at the headquarters of the company in Gura Humorului, 18 Republicii Square, Suceava county

3. the report can be found in the link below.

The report for the first three months of 2017 includes the administrators’ report and the financial statements prepared in compliance with IFRS for the period ended 31.03.2017, with the mention that the statements are not audited by a financial auditor.

Financial results

01.01.2017 - 31.03.2017

01.01.2016 - 31.03.2016

variation (%)

Turnover

894,517

1,034,432

-13.53%

Operating revenues, of which:

894,651

1,035,517

-13.60%

Revenue from rendered services

346,255

374,954

-7.65%

Revenue from the sale of goods

548,262

659,478

-16.86%

Revenue from other activities

134

1,085

-87.65%

Operating expenses

1,704,223

1,634,781

4.25%

Operating result

-809,572

-599,264

35.09%

Net financial result

61,727

86,468

-28.61%

Total revenues

964,699

1,124,389

-14.20%

Total expenses

1,712,544

1,637,185

4.60%

Gross profit

-747,845

-512,796

45.84%

Net profit

-747,845

-544,669

37.30%

Balance sheet items

31.03.2017

31.12.2016

variation (%)

Total fixed assets

22,198,259

22,264,087

-0.30%

Inventories

180,060

182,048

-1.09%

Trade receivables

297,141

261,975

13.42%

Prepayments

408,330

158,120

158.24%

Cash and bank accounts

1,472,160

3,026,132

-51.35%

Deposits at banks

10,110,124

9,708,682

4.13%

Credits and receivables

2,228,537

2,228,527

0.00%

Other receivables

155,125

118,530

30.87%

TOTAL ASSETS

37,049,736

37,948,100

-2.37%

Total Shareholders’ Equity

34,474,890

35,219,308

-2.11%

TOTAL LIABILITIES

2,574,846

2,728,792

-5.64%

TOTAL SHAREHOLDERS’ EQUITY AND LIABILITIES

37,049,736

37,948,100

-2.37%

Ion Romica Tamas

CEO and Vice-President of the Board of Administrators



 Print

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