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MECANICA CEAHLAU - MECF

Preliminary financial results 2017

Release Date: 2/14/2018 7:09:10 PM

IRIS Code: 44B02

 

 


INDIVIDUAL STATUS OF FINANCIAL POSITION

 

 

 

            31.12.2017

 

01.01.2017                 

Assets

 

 

 

 

 

 

 

Fixed assets

 

 

 

Tangible assets

 

 

23.817.119

21.778.510

 

Land and land development activities

 

 

12.250.463

12.082.199

Constructions

 

 

5.368.228

5.547.881

Technical installations and means of transport

 

 

5.820.033

4.116.666

Furniture, office equipment […]

 

 

21.524

31.765

Tangible assets  pending

 

 

356.871

-

 

Intangible assets

 

 

499.318

571.122

 

Other intangible assets  

 

 

110.609

122.464

Concessions, brevets, licences, trade mark, similar rights and assets  

 

 

372.023

448.658

Intangible assets in progress

 

 

16.686

-

 

Real estate investments

 

 

535.400

465.631

 

Total Fixed assets

 

 

24.851.837

22.815.263

 

 

 

 

Current assets

 

 

 

 

Stocks

 

 

14.850.205

14.789.473

Commercial debts and other debts

 

15.036.459

12.994.022

Accrued expenses

 

 

169.342

41.779

Financial assets  at just value (fund units)

 

 

4.091.943

3.046.521

Cash and cash equivalent

 

 

4.819.727

5.003.004

 

Total Current assets

 

 

38.967.676

35.874.799

 

Total Assets

 

 

63.819.513

58.690.062

Equity

 

 

 

 

Capital social

 

 

23.990.846

23.990.846

Reserves

 

 

19.788.484

19.095.975

Result of the exercise

 

 

111.583

2.105.150

Result carried forward

 

 

9.220.955

9.117.566

Other equity elements

 

 

(2.681.567)

(2.826.120)

 

Total Equity

 

 

50.430.301

 

51.483.417


INDIVIDUAL STATUS OF FINANCIAL POSITION

 

At 31 December

 

31.12.2017

                   01.01.2017

 

 

 

 

Liabilities

 

 

 

 

 

 

 

Non-current liabilities

 

 

 

Long-term loans

 

 

1.600.671

253,913

Pension Provision

 

296.913

226.364

Deferred tax liabilities

 

 

1.960.972

2.353.763

 

Total Non-current liabilities

 

 

3.858.556

2,834.040

 

 

 

 

Current liabilities

 

 

 

Short-term loans

 

454.858

117.557

Commercial liabilities and other liabilities

 

6.386.253

3.675.390

Deferred income

 

0

2.277

Provisions

 

2.689.545

577.381

 

Total Current liabilities

 

 

9.530.656

4.372.605

 

Total Liabilities

 

 

13.389.213

7.206.645

 

Total Equity and Liabilities

 

 

63.819.513

58.690.062

 

 The individual financial statements were approved by the Board of Directors on 14.02.2017 and they were signed on behalf of the Board by:

 

 

 

Molesag Sorin                                              

 

Marian Gabriela

 

General Director                                            

 

Chief Financial Officer

 


 INDIVIDUAL STATUS OF GLOBAL RESULT

  

For the financial year ended at 31 December

 

2017

2016

 

Continuous activities

 

 

 

Income

 

45.915.933

37.324.149

Other income

 

50.303

576.128

 

Total Operational Income

 

 

45.966.236

37.900.277

 

Expenses related to inventories (cost of sold items )

 

 

(22.723.606)

(16.907.521)

Utilities

 

(657.379)

(651.217)

Salaries, contributions and other benefits

 

(7.005.905)

(6.946.930)

Amortization and depreciation of assets

 

(1.916.868)

(1.658.224)

Profits / Losses from assets assignment

 

0

0

Profits / Losses from real estate investments

 

0

0

Adjustment of current assets value

 

(363.876)

128.902

Adjustment of Provisions

 

(2.151.881)

164.836

Other expenses

 

(10.301.168)

(8.598.556)

 

Total Operational Expenses

 

 

(45.120.683)

(34.468.710)

 

Result of Operational Activities

 

 

845.553

3.431.567

 

 

 

 

Financial Income

 

 

162.984

156.951

Financial expenses  

 

 

(857.068)

(1.049.964)

 

Net Financial Result

 

 

(694.084)

(893.013)

 

Result before taxation

 

 

151.469

2.538.555

 

Current income tax expenses

 

 

(415.051)

(366.853)

Deferred income tax expenses

 

(281.687)

(238.987)

Profit related to Deferred income tax

 

656.852

173.436

 

Result from Continuous activities

 

 

111.583

2.105.150

 

 

 

 


INDIVIDUAL STATUS OF GLOBAL RESULT

 

For the financial year ended at 31 December

 

2017

2016

 

Other elements of the Global result

 

 

 

Reserves from increase re-evaluation

 

 

-

Deferred equity tax

 

(111.507)

(111.506)

Reserves from decrease re-evaluation

 

 

-

 

Other elements of the Global result, after taxation

 

 

(111.507)

(111.506)

 

 

 

 

Total global result of the period

 

76

1.993.644

 

Distributable net profit

 

 

111.583

2.105.150

 

Result per basic action

 

 

0,0005

0,0088

 

 

The individual financial statements were approved by the Board of Directors on 14.02.2018 and they were signed on behalf of the Board by:

 

 

 

Molesag Sorin                                              

 

Marian Gabriela


General Director                                            

 

Chief Financial Officer

 


INDIVIDUAL STATUS OF EQUITY CHANGES

 

 

Distributable to Company Shareholders

 
 

 

Registered Capital

 

Legal Reserves

 

Reserves from re-evaluation

 

Other reserves

 

Carried forward result

 

Current result

Other equity elements

Total equity

 
 
 

 

Sold at 1 January 2017

 23.990.846

2.226.856

12.596.817

4.272.302

9.117.566

2.105.150

(2.826.120)

51.483.417

 

Resulting transfer year 2016

   to the carried forward result

-

-

-

-

2.105.150

(2.105.150)

-

-

 

Resulting transfer carried forward  

   to the legal reserve

-

-

-

-

-

-

-

-

 

Resulting transfer carried forward 2016   to other reserves

-

-

-

-

-

-

-

-

 

Transfer of legal reserves from profit to other reserves

-

-

-

802.671

(802.671)

-

-

-

 

Net Loss / Profit of the fiscal year

-

-

-

-

-

111.583

-

111.583

 

Legal Reserve 2016

-

-

-

-

(126.928)

-

126.928

-

 

 

Other elements of the Global result

 

 

 

 

 

 

 

 

 

The reported result from the correction of accounting errors

 

 

 

 

(6.773)

 

 

(6.773)

 

Equity deferred tax

-

-

-

-

-

-

17,625

17,625

 

Transfer to the result carried forward  

of the surplus re-evaluation reserves

-

-

(110.162)

-

110.162

-

-

-

 

Dividends distributed to Shareholders

-

-

 

-

(1.175.551)

-

-

(1.175.551)

 

Board Participation to profit

-

-

-

-

-

-

-

-

 

 

Sold At 31 December 2017

23.990.846

2.226.856

12.486.655

5.074.973

9.220.955

111.583

(2.681.567)

50.430.301

 

 

The individual financial statements were approved by the Board of Directors on 14.02.2018 and they were signed on behalf of the Board by:

 

 

Molesag Sorin                                              

 

Marian Gabriela


INDIVIDUAL STATUS OF TREASURY FLOWS

 

For the financial year ended at 31 December

 

2017

2016

Cash flow from operating activities

 

 

 

Cash flow collected from clients

 

 

47.323.130

43.778.579

Payments to suppliers and employees

 

 

(42.314.824)

(39.274.618)

 

Cash generated from operating activities

 

 

5.008.306

           4.503.961

Paid interests

 

 

-

         (4.843)

Paid tax on profit

 

 

(410.953)

       (240.743)

 

Net cash flow from operating activities

 

 

4.597.353

    4.258.375

Cash flow from investment activities

 

 

 

Collected interests

 

 

8.322

2.307

Paid dividends

 

 

(1.126.455)

   (1.147.866)

Acquisition of tangible assets

 

 

(4.233.910)

      (249.006)

Fund units redemption

 

 

-

     -

Short-term investments

 

(1.000.000)

-

 

Net cash flow from investments

 

 

(6.352.043)

1.394.585

 

 

 

 

Cash flow from funding activities

 

 

 

Receipts from long term loans / short

 

1.917.789

-

Repayment of loans

 

(158.547)

-

Payment of financial leasing debts

 

 

(157.454)

 (176.344)

 

Net cash flow (used in) funding activities

 

 

1.601.788

(176.344)

Net increase (Decrease) of cash and cash equivalent

 

 

(152.902)

  

2.687.446

 

 

 

 

Cash and cash equivalent at 1 January

 

 

5.003.004

2.343.920

The effect of exchange rate variation on cash flow                        

 

 

(30.375)

        (28.362)

 

Cash and cash equivalent at 31 December

 

 

 

4.819.727

5.003.004

 

The individual financial statements were approved by the Board of Directors on 14.02.2018 and they were signed on behalf of the Board by:

 

Molesag Sorin                                              

 

Marian Gabriela

 

 



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