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ROMCARBON SA - ROCE

Preliminary financial results - Separate IFRS 2017

Release Date: 2/14/2018 8:00:10 AM

IRIS Code: 6FBB9

COMPANY IDENTIFICATION

 

Annual report regarding Preliminary Separate Financial Statements

Date of release: 14.02.2018

Reporting date: 31.12.2017

Name of the Company: SC ROMCARBON SA

Headquarters: Buzau , Str. Transilvaniei, nr.132

Tel / fax: 0238/711155; 0238/710697

Sole registration code: RO 1158050
Registered business number: J10 / 83/1991
Subscribed and paid up share capital: 26,412,209.60 lei
Regulated market where the issued securities are traded: Bucharest Stock Exchange, Standard category
The main characteristics of the securities issued by the company:
264,122,096 registered shares, dematerialized, with a nominal value of 0.1 lei.

 

GENERAL ASSESSMENT ELEMENTS

 

Indicator

2016

2017

2017 vs. 2016

Sales of finished goods

122,191,290

140,133,880

17,942,590

15%

Total sales (Turnover)

181,195,934

197,971,576

16,775,642

9%

Export

39,556,144

50,024,168

10,468,024

26%

Total Revenues

199,011,718

213,698,503

14,686,785

7%

Total Expenses

194,108,244

208,610,282

14,502,038

7%

EBIT

5,977,645

7,325,990

1,348,345

23%

EBITDA

13,353,431

15,768,480

2,415,049

18%

Profit/Loss of the exploitation activity

4,427,913

6,923,112

2,495,199

56%

Profit/Loss of the financial activity

-198,956

-1,834,891

-1,635,935

822%

Net Profit

4,903,474

5,088,221

184,747

4%

 

STATEMENT OF THE FINANCIAL POSITION

 

Indicator

2015

2016

2017

2017 vs. 2016

 Property, plant and equipment

147,831,285

147,005,912

137,757,935

-9,247,977

-6.29%

 Investment property

43,799,325

45,680,013

49,859,449

4,179,436

9.15%

 Intangible assets

189,900

246,401

160,082

-86,319

-35.03%

 Financial assets

22,863,010

22,844,368

22,247,181

-597,187

-2.61%

 Total non-current assets

214,683,520

215,776,694

210,024,647

-5,752,047

-2.67%

 Inventories

20,499,859

25,668,489

23,824,916

-1,843,573

-7.18%

 Trade and other receivables

33,959,316

26,553,753

32,449,417

5,895,664

22.20%

 Taxes receivables

439,598

447,239

43,848

-403,391

-90.20%

 Other assets

366,752

294,011

820,244

526,233

178.98%

 Cash and bank balances

12,888,836

5,615,329

2,529,018

-3,086,311

-54.96%

 Total current assets

68,154,361

58,578,820

59,667,443

1,088,623

1.86%

 Total assets

282,837,881

274,355,514

269,692,090

-4,663,424

-1.70%

 Issued capital

26,412,210

26,412,210

26,412,210

0

0.00%

 Share premium

2,182,283

2,182,283

2,182,283

0

0.00%

 Reserves

53,375,509

54,506,299

51,495,204

-3,011,095

-5.52%

 Retained earnings

48,158,839

47,230,089

53,322,077

6,091,988

12.90%

 Total equity

130,128,841

130,330,881

133,411,774

3,080,893

2.36%

 Borrowings [Long-term]

32,432,440

36,104,275

32,911,592

-3,192,683

-8.84%

 Long term finance leases and other interest bearing obligations

1,195,151

84,588

0

-84,588

-100.00%

 Deferred tax liabilities

11,142,757

10,468,240

10,468,240

0

0.00%

 Deferred income

22,272,168

19,939,642

17,676,474

-2,263,168

-11.35%

 Total non-current liabilities

67,042,516

66,596,745

61,056,306

-5,540,439

-8.32%

 Trade and other payables

30,928,649

26,896,495

28,571,443

1,674,948

6.23%

 Borrowings [Short – term]

49,411,862

45,337,135

41,726,661

-3,610,474

-7.96%

 Short term finance leases and other interest bearing obligations

1,709,000

1,107,270

86,797

-1,020,473

-92.16%

 Deferred revenue

2,219,975

2,293,920

2,305,250

11,330

0.49%

 Other liabilities

1,397,039

1,793,067

2,533,859

740,792

41.31%

 Total current liabilities

85,666,524

77,427,887

75,224,010

-2,203,877

-2.85%

 Total liabilities

152,709,040

144,024,633

136,280,316

-7,744,317

-5.38%

 Total equity and liabilities

282,837,881

274,355,514

269,692,090

-4,663,424

-1.70%

 

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE ITEMS

 

Indicator

2015

2016

2017

2017 vs. 2016

 Net sales *

176,702,913

178,719,385

195,140,696

16,421,311

9%

 Investment income *

8,342,326

6,866,672

3,987,532

(2,879,140)

-42%

 Other gains and losses

(2,604,404)

1,725,659

2,796,780

1,071,121

62%

 Changes in inventories of finished goods and work in progress

1,538,064

3,404,371

2,304,367

(1,100,004)

-32%

 Raw materials and consumables used

(134,762,781)

(131,058,698)

(139,437,991)

(8,379,293)

6%

Depreciation and amortisation expenses

(7,106,832)

(9,578,963)

(10,706,926)

(1,127,963)

12%

Impairment of financial assets

-

(2,687,755)

-

2,687,755

n/a

 Employee salaries and benefits

(18,755,367)

(23,463,899)

(28,174,199)

(4,710,300)

20%

 Social security expenses

(4,419,970)

(5,473,802)

(6,608,431)

(1,134,629)

21%

 Net finance costs

(2,114,646)

(2,059,292)

(1,728,613)

330,679

-16%

 Income from subsidies

1,182,234

2,203,176

2,264,436

61,260

3%

 Other expenses

(11,508,736)

(14,367,897)

(14,099,313)

268,584

-2%

Profit (loss) before taxation

6,492,801

4,228,957

5,738,338

1,509,381

36%

 Profit tax

(100,888)

674,517

(650,117)

-  1,324,634

(2)

 Profit (loss) of the year

6,391,913

4,903,474

5,088,221

184,747

4%

Net loss on revaluation of tangible assets

0

-1,987,613

0

1,987,613

 

Adjustment of deferred tax on fiscally non-deductible revaluation reserves

0

0

0

-

 

 Total comprehensive income

6,391,913

2,915,861

5,088,221

2,172,360

75%

 

***

 

Note: The Preliminary annual financial statements for 2017 are prepared in accordance with International Financial Reporting Standardsare not consolidated and have not been audited.

 

For further information please access the attached pdf files.

 

 

 

Chairman of the Board,                         General Manager: eng.Andrei Radu

Hung Ching Ling                                    Financial Manager :ec. Zainescu Viorica Ioana

 

 



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