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SOCEP S.A. - SOCP

Preliminary financial results 2017

Release Date: 2/15/2018 6:34:45 PM

IRIS Code: 3241F

ANNUAL REPORT 

of Preliminary Financial Statements for 2017

 

NAME OF SHARES ISSUER                        : SOCEP SA

REGISTERED OFFICE                                : CONSTANTA, INCINTA PORT, Dana 34

PHONE / FAX                                               : 0241/693856; 0241/693759

FISCAL CODE                                              : RO 1870767

COMPANY NO. IN THE TRADE REGISTER : J 13/643/1991

TRADING MARKET                                       : B.V.B. (B.S.E.) Standard category, SOCP symbol

SUBSCRIBED SHARE-CAPITAL                   : 34.342.574,4 lei split in 343.425.744 registered dematerialized shares with a nominal value of 0.10 lei/share

 

FINANCIAL AND ECONOMIC STATE

a) The main elements of the Balance Sheet and of the Profit and Loss Account, compared to the same period of the previous year, are below listed:

                                                                                               

 

2015

2016

2017

TOTAL ASSETS

out of which:

132.124.264

163.197.785

180.965.455

- Fixed Assets

82.517.722

118.019.540

132.590.441

- Stocks

458.739

591.879

1.746.509

- Customers and other Receivables

15.995.887

10.214.381

8.800.695

- Accruals and prepaid Expenses

134.195

121.231

145.367

- Cash and Bank Accounts

33.017.721

34.250.754

37.682.443

TOTAL EQUITY AND LIABILITIES

out of which

132.124.264

163.197.785

180.965.455

- Equity

123.576.597

133.506.358

143.485.252

- Suppliers and other Debts

4.502.911

4.087.941

4.171.565

- Deferred Income Tax and Current Income Tax Liabilities

3.258.286

2.114.535

3.299.130

- Long-term Loans (interest included)

-

23.032.092

29.492.055

- Provisions

747.236

456.679

486.357

- Upfront revenues

39.234

180

31.096

 

 b) Profit and Loss Account

 

 

2015

2016

2017

Turnover

62.665.648

64.802.898

63.325.700

Total Revenues

68.090.877

68.770.653

66.885.833

Total Expenses

55.118.513

56.287.708

62.407.651

Gross Profit

12.972.364

12.482.945

4.478.182

 

                                                                                                                                   

c)   Financial and Economic Indicators

 

INDICATORS

CALCULATION PROCEDURE

RESULTS

2016

2017

1.

Current Ratio

Current Assets/Current Liabilities

6,59

4,63

2.

Indebtedness degree

Loan Capital

--------------------------------- x 100

Equity Capital

Loan Capital

------------------------------ x 100

Committed Capital

 

17,11

 

 

 

 

14,61

 

18,84

 

 

 

 

15,85

3.

Rotation Speed of Customers’ debts

Customers’ Averagge Balance

---------------------------- x 360

Turnover 

 

87,22

 

62,40

4.

Rotation Speed of Fixed Assets

Turnover/Fixed Assets

0,55

0,48

         Preliminary Financial Statements as at 12/31/2017 are drawn-up complying with IFRS and includ:

-       Statement of Financial position

-       Statement of Comprehensive income

The Preliminary Financial Statements  are not audited and therefore may change with minor decrease or setting-up provisions..

GENERAL MANAGER,                                                                             FINANCIAL MANAGER,

   Marius Barbarino                                                                                              Camelia Nebi

 



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