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SINTEZA S.A. - STZ

Preliminary financial results 2017

Release Date: 2/15/2018 8:00:10 AM

IRIS Code: 9D129

 

 

PRELIMINARY REPORT FOR FINANCIAL RESULTS OF THE YEAR 2017

 

                    

Ø  - DATE OF REPORT                                  - 15/02/2018

Ø  - NAME OF ISSUING COMPANY             - SC”SINTEZA” SA

Ø  - HEADQUARTERS                                  - ORADEA, BORSULUI ROAD No.35

Ø  - TELEPHON:                                            - 0259456116

Ø  - REGISTRATION CODE NUMBER:        - 67329

Ø  - TRADE REGISTER NUMBER:              - J05/197/1991

Ø  - SUBSCRIBED CAPITAL:                      - 9.916.888,50 RON

Ø  -REGULATED MARKET WHERE SECURITIES ARE TRADED:  - BUCHAREST STOCK EXCHANGE

 

            This report contains preliminary financial statements for 2017, prepared in accordance with International Financial Reporting Standards (IFRS).

 

            Preliminary financial statements are prepared in accordance with the requirements of the Order 881/2012 and Order 2844/2016, applicable to companies whose securities are traded on a regulated market.

            In this regard, the statement of financial position contains the information concerning preliminary financial end of year 2017 and the end of financial year 2016.

            Statement of comprehensive income include the information concerning the end of financial year 2017 and the end of financial year 2016.

            The accounting policies have been applied consistently to the periods.

 

  Appendix:

Appendix 1 - Statement of financial position, individual and consolidated - Preliminary

Appendix 2 - Statement of Comprehensive Income, individual and consolidated - Preliminary

 

 

                                                 General Manager

                                                     Catalin Marias

 

 

 

  

  

 

 

Appendix 1

 

Statement of financial position, individual and consolidated - preliminary

31.12.2017

 

Indicator

Individual

Consolidated

31.12.2017

31.12.2016

31.12.2017

31.12.2016

Tangible assets

 

 

 

 

     Land an land design

13.971.880

13.971.880

13.971.880

13.971.880

      Building

15.495.896

15.951.950

15.495.896

15.951.950

      Technical installations and means of

       transport

14.573.186

16.237.119

14.702.368

16.384.756

      Furniture, office equipment

16.610

18.837

16.610

18.837

     Tangible assets under construction

6.595.283

5.527.632

6.228.499

4.621.871

Intangible assets

0

0

0

0

      Development expenses

 

 

 

 

      Concessions, patents, licenses,

      trademarks, similar rights and assets

0

0

0

0

       Intangible assets uder construction

553.146

610.506

553.146

610.506

Financial assets

 

 

 

 

       Shares in subsidiaries and other long

        term investments

112.695

110.332

29.344

26.981

Total Tangible and Intangible assets

51.318.696

52.428.256

50.997.743

51.586.781

Current assets

 

 

 

 

Stocks

6.174.008

6.183.475

6.446.910

6.457.159

Trade receivables and other receivables

7.379.951

11.867.789

6.018.941

10.460.078

Expenses in advance

343.402

434.940

343.402

434.940

Cash and cash equivalents

251.264

3.101.497

252.048

3.108.976

Assets classified as held for sale

4.164.340

4.164.340

4.164.340

4.164.340

Total Current assets

18.312.945

25.752.041

17.225.641

24.625.493

Total Assets

69.631.641

78.180.297

68.223.384

76.212.274

Equity

 

 

 

 

Capital

9.916.889

9.916.889

9.920.639

9.920.639

Share premium

0

0

0

0

Reserves

55.531.330

55.531.330

56.973.958

56.875.357

Result for the year

-2.961.169

2.760.412

-3.381.261

1.887.468

Earnings

-5.836.443

-2.737.739

-8.281.603

-5.182.899

Other components of equity

-540

-1.352.345

-540

-1.354.061

Total  Equity

56.650.067

64.118.547

55.231.193

62.146.504

Long term liabilities

 

 

 

 

Long term loans and other liabilities

2.830.265

3.780.741

2.830.265

3.780.741

Advance recorded revenue

0

0

0

0

Provisions

136.899

0

145.404

0

Deferred tax liabilities

0

0

0

0

Total Long Term Liabilities

2.967.164

3.780.741

2.975.669

3.780.741

Current liabilities

 

 

 

 

Short term loans

3.199.371

220.644

3.199.371

220.644

Trade payables and other liabilities, including derivatives

6.439.567

9.948.886

6.441.679

9.952.906

Advance recorded revenue

281.102

17.109

281.102

17.109

Provisions

94.370

94.370

94.370

94.370

Liabilities classified as held for sale

0

0

0

0

Total Current Liabilities

10.014.410

10.281.009

10.016.522

10.285.029

Total Liabilities

12.981.574

14.061.750

12.992.191

14.065.770

Total Equity and Liabilities

69.631.641

78.180.297

68.223.384

76.212.274

 

 

 

Appendix 2

                                                                             Statement of comprehensive income, individual and consolidated-preliminary

                                                                                                                                    31.12.2017

                                   

Indicator

Individual

Consolidated

 

 

31.12.2017

 

 

31.12.2016

31.12.2017

31.12.2016

Continue activities

 

 

 

 

Revenue

26.104.964

26.647.594

25.565.888

25.908.430

Other income

112.697

22.979.013

112.697

22.979.013

Stock variations

94.310

1.434.438

94.310

1.434.438

Total operating income

26.311.971

51.061.045

25.772.895

50.321.881

 

 

 

 

 

Expenditure on stocks

15.955.743

16.253.711

16.045.525

16.351.921

Expenditure on utilities

2.922.975

3.444.950

2.922.975

3.444.950

Employee benefits expense

3.706.124

3.298.070

4.214.117

3.783.427

Depreciation and amortization of fixed assets

2.214.003

2.022.026

2.232.457

2.040.481

Wins / losses on disposal of property

100.244

15.961.754

100.244

15.961.754

Adjustment of current assets

0

73.558

0

73.558

Adjustments for provisions

145.707

241.396

154.212

241.396

Other expenses

3.913.806

3.322.827

3.170.088

2.833.192

Total operating expenses

28.958.602

44.618.292

28.839.618

44.730.679

 

 

 

 

 

Result operational activities

-2.646.631

6.442.753

-3.066.723

5.591.202

 

 

 

 

 

Financial income

333.574

532.664

333.574

532.664

Financial expenses

648.112

980.617

648.112

980.617

Net Financial Result

-314.538

-447.953

-314.538

-447.953

 

 

 

 

 

Result before tax

-2.961.169

5.994.800

-3.381.261

5.143.249

 

 

 

 

 

Current income tax expense

0

3.234.388

0

3.255.781

Deferred income tax expense

 

 

 

 

Income from deferred taxes

 

 

 

 

The result from continuing operations

-2.961.169

2.760.412

-3.381.261

1.887.468

 

 

 

 

 

Total comprehensive income for the period

-2.961.169

2.760.412

-3.381.261

1.887.468

             

 



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