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BIOFARM S.A. - BIO

2019 Preliminary financial results

Release Date: 2/14/2020 6:30:01 PM

IRIS Code: 5A2D1

 

Unaudited preliminary financial results at 31 December 2019

 

 

 

 

 

99 L

 

COMPREHENSIVE INCOME STATEMENT

 on 31 December 2019

(all amounts are expressed in LEI, unless otherwise specified)

 

 

31-Dec-19

31-Dec-18

 

 

 

Income from sales

   202.794.832

     184.381.134

Income for IFRS 15 adjustment

     (7.557.672)

           (144.966)

Other operating income

       2.633.390

         1.218.322

Changes in inventories

       2.650.640

            216.379

 

 

 

Raw materials and consumables

     38.122.826

       40.475.299

Personnel expenses

     33.204.820

       31.087.336

Amortisation

       7.481.326

       12.094.830

Other operating expenses

     60.855.816

       55.594.115

     

Operating profit/ (loss)

60.856.402

        46.419.289

     

Net financial income / (cost)

             1.576.442

             754.446

Losses assessment at fair value real estate investments

                     -  

                     -  

     

Profit/ (loss) before tax

        62.432.844

        47.173.735

     

Expenses with taxes

          11.625.137

          8.748.795

     

Profit / (loss)

        50.807.707

        38.424.940

     

Other elements of the comprehensive income

   

Revaluation of tangible assets

                     -  

588.298    

Deferred tax afferent to revaluation

                     -  

(94.128)

     

Total comprehensive income

        50.807.707

        38.919.110

 

 

 

 

                       Andrei Hrebenciuc                                                                      Claudia Matei

                       B.D. Chairman                                                                       Chief Accountant

 

 

STATEMENT OF FINANCIAL POSITION

on 31 December 2019

 (all amounts are expressed in LEI, unless otherwise specified)

Assets

31-Dec-19

31-Dec-18

Tangible assets

   127.068.330

 114.143.697

Real estate assets

     11.337.809

 11.337.809

Intangible assets

          839.771

 1.357.444

Other fixed assets

              7.095

 7.095

Deferred tax

       5.018.134

 4.323.910

Fixed assets

   144.271.139

   131.169.955

     

Inventories

     18.204.626

 18.834.024

Trade receivables and similar

     93.411.734

 89.825.584

Cash and cash equivalents

     91.126.979

 45.632.578

Current assets

   202.743.339

 154.292.186

     

TOTAL ASSETS

      347.014.478

285.462.141

     

Debts

 

 

Trade debts and similar

     54.607.104

 35.176.157

Debts on profit tax

       2.501.597

1.833.890

IFRS 15 deferred income

     25.619.041

18.061.370

Provisions

6.681.553

 4.523.245

Current debts

     89.409.295

59.594.662

     

Provisions

 448.964

 448.964

Long-term debts

 448.964

 448.964

     

TOTAL DEBTS

       89.858.259

    60.043.626

     

NET ASSETS *

257.156.219

   225.418.51

 

                                                                                                                      

Share capital and reserves

31-Dec-19

31-Dec-18

Share capital

     98.537.535

 98.537.535

Own shares

               (813)

(813)

Premiums related to the issuance/redemption of own shares

        (173.154)

(173.154)

Revaluation reserves

       1.967.642

1.967.642

Reserves

   101.914.398

      84.359.176

Retained earnings

       5.548.864

 5.548.864

Current result

     50.807.707

 38.424.940

Profit distribution

     (1.445.960)

 (3.245.675)

     

TOTAL CAPITALS

     257.156.219

     225.418.515

 

 

 

 

                                                                 

         Andrei Hrebenciuc                                                                                    Claudia Matei

         B.D. Chairman                                                                                     Chief Accountant

 

 

FINANCIAL INDICATORS

on 31 December 2019

 (all amounts are expressed in LEI, unless otherwise specified)

 

CAPITAL PROFITABILITY AND RETURN

31 December 2019

 

 

Efficiency of available capital

 

Profit before interest and tax (A)

 62.432.844

Share capital (B)

 257.605.183

A/B

24.24%

Equity efficiency

 

Net profit (A)

 50.807.707

Own capital (B)

 257.156.219

A/B

19.76%

Operational profit rate

 

Profit before interest and tax (A)

 62.432.844

Operating income (B)

 200.521.190

A/B

31.14%

Net profit rate

 

Net profit (A)

 50.807.707

Total incomes (B)

 202.097.632

A/B

25.14%

Rate of total assets

 

Profit before interests and tax (A)

62.432.844

Total assets (B)

347.014.478

A/B

17.99%

 

 

SOLVENCY

31 December 2019

Debt rate

 

Total obligations (A)

89.858.259

Total assets (B)

347.014.478

A/B

25.89%

Rate of financial autonomy

 

Equity (A)

257.156.219

Total assets less net current debts (B)

257.605.183

A/B

99.83%

                      

LIQUIDITY AND WORKING CAPITAL

31 December 2019

General liquidity rate

 

Current assets

202.743.339

Current obligations

89.409.295

(A/B)

2.27

Rapid liquidity rate

 

Current assets

202.743.339

Inventories

18.204.626

Current obligations

89.409.295

(A-B)/C

2.06

Customer collection period

 

Trade receivables (A)

 85.136.485

Net turnover (B)

202.794.832

(A/B)*360- days

151

Period of inventory immobilisation

 

Inventories of finished products and goods (A)

26.905.867

Net turnover (B)

202.794.832

(A/B)*360- days

48

Period of suppliers’ payment

 

Suppliers (A)

36.771.305

Material expenditures and from the outside (B)

123.288.512

(A/B)*360 days

107

 

 

 

 

 

    

           Andrei Hrebenciuc                                                                                  Claudia Matei

      B.D. Chairman                                                                                      Chief Accountant

 



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