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RETRASIB SA - RTRA

Preliminary financial results 2017

Release Date: 2/15/2018 6:43:02 PM

IRIS Code: F1715

To,

Bucharest Stock Exchange

Financial Supervisory Authority

According to financial calendar, we submit the preliminary financial results for the year 2017:

lei

Element descrition

Amount on

31.12.2017

Amount on

31.12.2016

Net turnover

122.655.715

61.284.891

Operational revenues

113.903.592

53.353.702

Operational expenses

111.681.701

64.535.032

Operational profit or loss

2.221.891

-11.181.330

Financial revenues

2.064.952

1.296.697

Financial expenses

4.684.480

3.411.672

Financial profit or loss

-2.619.528

-2.114.975

Gross profit or loss

-397.637

-13.296.305

Immobilised assets

41.002.962

41.261.915

Current assets, from which:

52.466.049

41.419.731

- Receivables

42.693.315

18.990.436

Debts, from which:

100.848.673

89.198.559

- Bank loans

31.126.987

33.488.868

Equity

-7.379.662

-6.516.912

The results issued are temporary, they are actually undergoing the financial auditing process according to the legal requirements and can suffer changes until finalisation and presentation for approval by the Ordinary Shareholders Meeting.

Annexed are the yearly preliminary financial results for the year 2017, respectively statement of financial position and statement of comprehensive income.

The documents can be viewed by the shareholders at the headquarters in Sibiu, Stefan cel Mare Street, no.156, on any working day, between 08:00-15:00, and are available on the website www.retrasib.ro, under category „Information for Shareholders”.

General Manager,

Gherghel-Diaconeasa Claudia Adela


RETRASIB SA

PRELIMINARY FINANCIAL STATEMENTS

FOR THE YEAR END 31 DECEMBER 2017

Prepared according with the Order of the Minister of Public Finance

no. 2844/2016 for Approval of Accounting Regulations in accordance with International Financial Reporting Standards

STATEMENT OF FINANCIAL POSITION

31/12/2017

31/12/2016

ASSETS

Tangible assets

25.592.101

27.028.918

Investment property

10.064.020

9.138.000

Intangible assets

1.049.786

1.303.090

Financial assets

1.169.965

81.634

Deferred tax asset

3.127.090

3.710.273

Total fixed assets

41.002.962

41.261.915

Inventories

7.655.232

18.462.499

Trade receivables

42.693.315

18.990.436

Prepaid expenses

327.762

95.267

Cash and cash equivalents

289.249

3.124.767

Other receivables

1.500.491

746.762

Total current assets

52.466.049

41.419.731

TOTAL ASSETS

93.469.011

82.681.647

EQUITY

Share capital

10.001.205

10.001.205

Revaluation reserves

8.912.344

9.595.691

Reserves

5.407.079

4.730.542

Accumulated loss

-31.700.289

-30.844.351

Equity

-7.379.662

-6.516.912

LIABILITIES

Long-term bank loans

-

-

Lease liability, long term

3.405.501

3.092.784

Long-term provisions

750.797

1.185.984

Deferred tax liability

146.320

Total liabilities on long term

4.302.618

4.278.768

Short-term trade payables

29.149.607

19.575.379

Short term bank loans

31.126.987

33.488.868

Lease liability, short term

374.291

206.779

Short-term intra-group loans

23.950.858

18.947.740

Provisions

7.775.116

5.039.202

Other liabilities

4.169.194

7.661.825

Total current liabilities

96.546.054

84.919.791

TOTAL LIABILITIES

100.848.673

89.198.559

TOTAL LIABILITIES AND EQUITY

93.469.011

82.681.647

CEO CFO

Gherghel - Diaconeasa Claudia Adela Popianos Andra

STATEMENT OF COMPREHENSIVE INCOME

2017

2016

Turnover

122.655.715

61.284.891

Other incomes

6.910

102.620

Changes in inventories of finished goods and work in progress

-9.556.716

-8.033.809

Net gain from fair value adjustement on investement property

797.682

0

Raw material costs and consumables

-78.783.166

-42.118.862

Expenditure on goods

-48.819

0

Expenditure on services provided by third parties

-15.015.836

-13.718.930

Staff costs

-10.520.066

-10.943.676

Depreciation and amortization and impairment of tangible assets

-2.765.059

-2.341.914

Net Income (expense) from provisions

-2.098.394

8.467.314

Other expenses

-2.450.361

-3.878.965

Operating result

2.221.891

-11.181.330

Financial income

2.064.952

1.296.697

Financial charges

-4.684.480

-3.411.672

Financial result

-2.619.528

-2.114.975

Profit (loss) before tax

-397.637

-13.296.305

Income tax, current and deferred

-566.932

2.468.821

Profit (loss) for the year

-964.569

-10.827.484

CEO CFO

Gherghel - Diaconeasa Claudia Adela Popianos Andra



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