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COS TARGOVISTE S.A. - COS

Preliminary financial results 2017

Release Date: 2/15/2018 3:41:10 PM

IRIS Code: 09D82

Reg. No: 0130/22/15.02.2018

 

 

TO: BURSA DE VALORI BUCURESTI (Bucharest Stock Exchange)

 

      AUTORITATEA DE SUPRAVEGHERE FINANCIARA  (Financial Supervisory Authority)

 

Dear Sirs,

Please find enclosed the preliminary unaudited financial results for the year 2017 of the company COS TARGOVISTE S.A. - in insolventa, in insolvency, en procedure collective - and announcement regarding the availability of documents, which can be found at the company headquarters in Targoviste, Str. Gaesti road, nr.9-11, on any working day between the hours of 8-16 and on the company's website http://www.cos-tgv.ro under section “Informatii Actionari / Procedura Insolventei / Anunturi”.

We mention that the results presented are unaudited, provisional and may vary until completion, presentation and approval.

 

                                                     Special Administrator,

                                                          Shvedakov Oleg

 

                     General Director                                      Economic and Financial Deputy Director,

                           Gofman Vladimir                                              Bogza Aurelia

 

                                                    Head of Legal Department,

                                                      Panduru Monica

 

 

THE SITUATION OF FINANCIAL POSITION LA 31.12.2017

- PRELIMINARY -

 
 

- lei -

 

01.01.2017

31.12.2017

ASSETS

 

 

Non-current assets

 

 

Property, plant and equipment

154,037,728

147,299,385

Investments in real-estate

0

0

Intangible assets

23,744

44,626

Investments in equity instruments

40

40

Total non-current assets

154,061,512

147,344,051

     

Current assets

   

Inventories

82,408,121

93,023,088

Trade receivables

61,737,959

86,607,906

Fixed assets  for sell

0

0

Cash and cash equivalents

574,200

4,526,876

Total current assets

144,720,280

184,157,870

     

Prepayments

563,294

3,793,911

     

Assets held for sale

0

0

     

TOTAL ASSETS

299,345,086

335,295,832

     

EQUITY AND LIABILITIES

   

Equity

   

Subscribed and paid in share capital  

6,885,012

6,885,012

Revaluation reserves

3,194,132

3,192,580

Legal reserves

7,443,763

7,443,763

Other reserves

224,873,723

224,873,723

Adjustment of share capital

2,362,735,307

2,362,735,307

Retained earnings , except of retained earnings came

from the adopting of the first time of IAS 29

(560,576,914)

(571,930,334)

Reported result coming from the application of IAS 29 from

the first time

(2,362,735,307)

(2,362,735,307)

Curent result

(11,360,571)

1,167,120

Total equity

(329,540,855)

(328,368,136)

 

 

   

Non-current liabilities

   

Long term loans

0

0

Delayed tax

0

0

Trade payables and other payables

0

0

Other long-term debts

0

0

Total of Long-term debts

0

0

     

Liabilities

   

Short term bank loans

4,007,122

3,797,419

Trade payables and other payables

118,289,137

130,343,909

Short term loans

395,294,538

394,129,115

Liabilities from current taxes

110,517,991

134,647,946

Income in advance

0

0

Total Current Debts

628,108,788

662,918,389

     

Total liabilities

628,108,788

662,918,389

     

Provisions  on short term

612,040

612,040

     

Investment subsidies, from which :

165,113

133,539

 - Amounts resumed for up to one year

31,574

31,574

 - Amounts taken in a period exceeding one year

133,539

101,965

     

Total equity and liabilities

299,345,086

335,295,832

     

Net assets

(329,540,855)

(328,368,136)

 

STATEMENT OF COMPREHENSIVE INCOME AS OF 31.12.2017

  • PRELIMINARY - 
     
 

31.12.2016

31.12.2017

Incomes from sales

577,275,416

694,205,877

Other operating incomes

21,773,038

20,960,415

Stock variation

16,309,949

2,106,739

Work performed by entity and capitalized

3,851,910

3,619,673

Raw materials and consumables

(476,686,086)

(559,833,465)

Costs with employees

(53,578,292)

(59,260,181)

Amortization (Impairment)

(11,275,464)

(9,706,060)

Other operating expenses

(88,612,574)

(90,469,301)

Profit from exploatation

(10,942,103)

1,623,697

Financial revenues

798

10

Financial expenses

(419,266)

(453,941)

Profit before tax

(11,360,571)

1,169,766

Taxes expences

0

2,646

Profit

(11,360,571)

1,167,120

Other elements for global result

 

 

Total of the Global Result

0

0

Result per action which is attributed to ordinary shareholders  of parent company:

 

 

main

(0.17)

0.02

attenuated

(0.17)

0.02

     

                 SPECIAL   ADMINISTRATOR,                                                                GENERAL DIRECTOR,

     

     name and surname - SHVEDAKOV OLEG                                 name and surname - GOFMAN VLADIMIR

     

signature ___________________________                              signature ____________________________           

     

     Stamp                                                                       

     

                                                             ECONOMIC AND FINANCIAL DEPUTY DIRECTOR,

                                                              name and surname - BOGZA AURELIA

                                                              signature ________________________________

 

 



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