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CONTED SA - CNTE

2017 H1 financial results

Release Date: 8/16/2017 8:31:20 AM

IRIS Code: D977F

 

Synthesis report on the economic and financial indicators

 

1.       Financial position – lei

 

 

30.06.2017

30.06.2016

% Elements in total assets / total liabilities 2017

% Elements in total assets / total liabilities 2016

%

2017 / 2016

I. Total assets(TA) from which:

12,082,707

11,406,901

100.00

100,00

5.92

1. Fixed assets from which:

5,445,296

4,235,546

45.07

37.13

28.56

1.1. lands

861,391

842,140

7.13

7.38

2.28

1.2. constructions

3,350,188

2,186,850

27.73

19.17

53.20

1.3. real estate investment

121,061

35,636

1.00

0.31

239.72

1.4. other fixed assets

1,112,656

1,170,920

9.21

10.27

-4.98

2. Current assets from which:

6,568,208

7,139,124

54.36

62.59

-8.00

2.1. stocks

1,898,598

1,802,820

15.71

15.81

-5.31

2.2. liabilities

2,882,696

2,205,431

23.86

19.33

30.71

2.3. cash register and bank accounts

1,786,914

3,130,873

                  14.79

27.45

-42.93

3. Other assets

69,203

32,231

0.57

0.28

114.71

II. Total liabilities (TP) from which:

12,082,707

11,406,901

100.00

100.00

5.92

1.Total debts from which:

1,833,601

1,794,592

15.18

15.73

2.17

1.1.  with payment under one year

1,508,619

1,742,226

12.49

15.27

-13.41

1.1.       1.2. with payment longer than one year

271,358

52,366

2.25

0.46

418.20

1.2.       1.3. Provisions for employee benefits

53,624

-

0.49

-

-

2. Equity

10,249,106

9,612,309

84.82

84.27

6.62

 

From the comparative analysis of the balance sheet items, it was noticed a increase by 5.92% of the fixed assets and a decrease of the current assets by 8% compared to 2016. The weight of debt in total assets was only 15.18%,  period in which equity oscillated between 84.27% and 84.82% of total assets. 

 

     2. The overall result is the following:       - lei

 

Current no.

Overall result elements

30.06.2017

30.06.2016

2017/2016

(%)

1.

Total income

7,366,989

8,714,568

-15.46

1.1.

Exploitation income, from which

7,350,181

8,692,030

-15.44

1.1.1.

Sales income - turnover

7,039,962

9,386,869

-25.00

1.2.

Financial income

16,808

22,538

-25.42

2.

Total expenses

7,446,789

8,042,120

-7.40

2.1.

Exploitation expenses, from which:

7,417,463

7,990,546

-7.17

2.1.1.

Expenses related to raw materials and materials

574,705

592,335

-2.98

2.1.2.

External expenses related to energy and water consumption

493,045

575,130

-14.27

2.1.3.

Expenses related to staff

6,076,718

6,337,619

-4.12

2.1.4.

Expenses with amortization

242,394

        164,359

47.48

2.1.5.

Other exploitation expenses

234,062

321,103

-27.11

2.1.6.

Adjustments for provisions

(203,461)

-

-

 

Expenses

-

-

-

 

         Incomes

203,461

-

-

2.2.

Financial expenses

29,326

51,574

-43.14

3.

Result gross from which:

(79,800)

672,448

-

3.1.

Result exploitation

(67,282)

701,484

-

3.2.

Result financial activity

(12,518)

(29,036)

-56.89

4

Result net 

(54,521)

571,471

-

 

From the analysis of the above mentioned information a decrease by 25% turnover a decrease by 15.46% in the income, as against 2016. Of the categories of expenditure that increased compared to the same period last year were  expenses with amortization.

 

    3. Cash Flow

 

   At the end of the period, the cash has an decrease by 1,003,638 lei (35.97%), compared to the beginning of the reporting period. The net cash on June 30th, 2017 is recording an decrease to the amount of 1.343.959 lei (42.93%), compared to the same period of the previous year.

                                                                                                                                                           lei

 

         

  30.06.2017

 

30.06.2016

  Net cash from the exploitation activities  

(804,933) 

1,193,982

 

Net cash from the investment activities 

     (3,749) 

(73,310)

 

Net cash from the financing activities

              (194,956) 

          (1,089,097)

Net increase /decrease of cash and cash equivalent

   (1,003,638) 

                 31,575

Cash and cash equivalent at the beginning of the period

   2,790,552 

               3,099,298

Cash and cash equivalent at the end of the period

   1,786,914 

               3,130,873

 

    

    4.  The overall result for the third quarter are as follow:     

                                                                                                                                lei

Current no.

Overall result elements

Trim. II 2017

Trim. II 2016

2017/2016

(%)

1.

Total income

3,298,178

4,010,156

-17.75

1.1.

Exploitation income, from which

3,290,393

3,996,281

-17.66

1.1.1.

Sales income - turnover

2,790,820

3,567,086

-21.76

1.2.

Financial income

7,785

13,875

-43.89

2.

Total expenses

3,668,431

3,852,152

-4.77

2.1.

Exploitation expenses, from which:

3,657,024

3,837,894

-4.71

2.1.1.

Expenses related to raw materials and materials

364,993

230,695

58.21

2.1.2.

External expenses related to energy and water consumption

202,953

247,266

-17.92

2.1.3.

Expenses related to staff

2,938,909

3,164,280

-7.12

2.1.4.

Expenses with amortization

115,765

81,780

41.56

2.1.5.

Other exploitation expenses

111,776

113,873

-1.84

2.1.6.

Adjustments for provisions

(77,372)

-

-

 

Expenses

-

-

-

 

         Incomes

      77,372

-

-

2.2.

Financial expenses

       11,407

14,258

-20.00

3.

Result gross from which:

(370,253)

158,004

-

3.1.

Result exploitation

(366,631)

158,387

-

3.2.

Result financial activity

(3,622)

(383)

845.69

4

Result net  

(309,493)

131,046

-

               

                General Manager,                                                                                          Chief Economic Office,

                Ec. Manuel Popa                                                                                             Ec. Mihai Elena

 

Chairman of the Board of Directors,

Eng.  Manole Popa

 

Announcement regarding the availability of bi-annual report

        S.C. CONTED S.A., having its headquarters in Dorohoi locality, str. 1 Decembrie nr. 8, Botoşani county, registered at the Trade Register Office with no. J07/107/1991, sole registration code RO622445, informs that the Bi-annual report on 30.06.2017, drafted according to Art. 113 of C.N.V.M. Regulation no. 1/2006, is available to the shareholders, investors and to the public, from 16.08.2017, at 10:00 on the website of the company - www.conted.ro, at the Shareholding section.

For additional information, call the phone number: 0231/610067, interior 106, contact: Mihai Elena.

Report can be viewed at:

 

Chairman of the Administration Board,

Eng. Manole Popa



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