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SINTEZA S.A. - STZ

2017 Half-year financial results

Release Date: 8/10/2017 6:30:04 PM

IRIS Code: 6FDBA

 

           

 

HALF YEARLY REPORT

According to CNVM  Regulation No.1 / 2006

regarding issuers and securities operations

 

 

 

Date of report: :                                           30 JUNE 2017

Name of the company:                                                        S.C. SINTEZA S.A

Headquarters:                                                                       410605 Oradea, Borsului road No. 35

Phone:                                                                                   40 259 456 116

Fax:                                                                                        40 259 462 224

Tax Identification Code:                                                 67329
Number of registration in the Commercial Register:     J/05/197/1991

Subscribed and paid capital:                                             9.916.888,50 RON

Regulated market where the issued securities are traded: BUCHAREST STOCK EXCHANGE

 

1.   Economic and financial situation

 

1.1. Balance sheet items

Current issue

 

Indicator

Achievements at:

30.06.2016

30.06.2017

RON

RON

1.

FIXED ASSETS

52.366.255

52.411.632

2.

STOCKS

24.711.845

11.214.317

3.

RECEIVABLES

19.471.220

5.916.822

4.

Cash and availability

455.984

126.427

5.

Prepaid expenses, of which:

739.597

606.873

 

Amounts taken over a period of up to one year

354.218

333.976

 

Amounts taken in a period exceeding one year

385.379

272.897

6.

TOTAL ASSETS

97.744.901

70.276.071

7.

Debts to be paid within a period of up to one year

10.721.655

8.862.707

8.

Investment subsidies

 

 

9.

Deferred revenues

9.428.935

17.109

10.

NET ASSETS (6-7-8-9-5.b.)

77.208.932

61.123.358

11.

Debts to be paid within a period exceeding one year

4.478.815

3.107.336

12.

Provisions for risks and charges

 

 

13.

EQUITY

73.115.496

58.288.919

 

 

 

 

1.2. Profit and loss

Current issue

 

Indicator

Achievements at:

30.06.2016

30.06.2017

RON

RON

1.

Net turnover

14.211.519

12.791.783

2.

TOTAL REVENUE

15.786.233

13.871.432

 

Significant expense items

 

 

3.

Expenses for raw materials and consumables

8.158.778

8.276.649

4.

Energy and water expenses

2.006.907

1.490.911

5.

Expenditure on goods

207

46

6.

Expenses for employees

1.501.568

1.891.957

7.

Depreciation and provisions

1.164.012

1.109.948

8.

TOTAL EXPENDITURE

15.088.794

15.201.438

9.

GROSS PROFIT

697.439

0

10

LOSS

0

-1.330.006

 

1.3. Cash – flow

Changes in cash in the core business: decrease.

Cash at beginning of period: 3.101.497 RON, of which the restrictions in use: 0 RON .

Cash at period end: 126.427  RON, of which the restrictions in use: 0 RON.

 

2. Analysis of the company's activity

2.1. Liquidity

Trends:                                                           relatively constant

Highlights:                                                     the distribution of dividends from the net profit of

2016, RON 4.499.623                                

The level of liquidity:                                   medium

 

2.2. Capital expenditures

Capital expenditures incurred:                  Have not acquired shares

Anticipated capital expenditures:              it is not the case

The impact on the financial situation:      it is not the case

The purpose of expenditure:                     it is not the case

Financing sources                                      it is not the case

                                         

2.3. Significant events:                             it is not the case

 3. Changes affecting capital and management company:

It is not the case.

4. Significant transactions

It is not the case.     

5. Audit: We note that the first half of 2017, financial statements were not subject to an audit report.

 

         Chairman of the Board                                                   Financial Manager

            Claudiu Sorin Pasula                                                   Viorel Florut Vese

 



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