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BIOFARM S.A. - BIO

H1 2018 report

Release Date: 8/14/2018 6:30:10 PM

IRIS Code: 7E5FE

BIOFARM S.A.

Individual financial statements on 30 June 2018 drafted in compliance with the IFRS adopted by the European Union


BIOFARM S.A.

COMPREHENSIVE INCOME STATEMENT

on 30 June 2018

(all amounts are expressed in LEI, unless otherwise specified)

30-June-18

30-June-17

Income from sales

83,338,629

82,377,628

Other operating income

398,342

241,022

Changes in inventories

2,880,562

1,225,191

Raw materials and consumables

21,296,619

19,669,007

Personnel expenses

13,331,549

11,869,254

Amortisation

3,194,246

3,038,134

Other operating expenses

22,639,074

24,648,488

Operating profit/ (loss)

26,156,045

24,618,958

Net financial income / (cost)

230,619

83,195

Losses assessment at fair value real estate investments

-

-

Profit/ (loss) before tax

26,386,664

24,702,153

Expenses with taxes

4,182,311

4,073,356

Profit / (loss)

22,204,353

20,628,797

Other elements of the comprehensive income

Revaluation of tangible assets

-

-

Deferred tax afferent to revaluation

-

-

Total comprehensive income *

22,204,353

20,628,797

Daniela Traiana Comsa Mihai Trifu

Interim General Manager Chief Financial Officer

BIOFARM S.A.

STATEMENT OF FINANCIAL POSITION

on 30 June 2018

(all amounts are expressed in LEI, unless otherwise specified)

Assets

30-June-18

31-Dec-17

Tangible assets

112,659,615

104,175,439

Real estate assets

10,586,636

10,586,636

Intangible assets

1,303,367

1,146,027

Other fixed assets

8,077

8,077

Deferred tax

4,612,313

3,393,555

Fixed assets

129,170,008

119,309,734

Inventories

22,862,593

19,273,802

Trade receivables and similar

69,659,251

86,407,380

Cash and cash equivalents

46,836,811

37,389,727

Current assets

139,358,655

143,070,908

TOTAL ASSETS

268,528,663

262,380,642

Debts

Trade debts and similar

44,579,007

42,848,254

Debts on profit tax

1,890,808

555,786

Provisions

1,741,859

2,141,834

Current debts

48,211,674

45,545,874

Provisions

411,927

411,927

Long-term debts

411,927

411,927

TOTAL DEBTS

48,623,601

45,957,801

NET ASSETS*

219,905,062

216,422,841

BIOFARM S.A.

STATEMENT OF FINANCIAL POSITION

On 30 June 2018

(all amounts are expressed in LEI, unless otherwise specified)

Share capital and reserves

30-June-18

31-Dec-17

Share capital

98,537,535

98,537,535

Own shares

(813)

(813)

Premiums related to the issuance/redemption of own shares

(173,154)

(173,154)

Revaluation reserves

1,379,344

1,379,344

Reserves

81,113,502

66,537,026

Retained earnings

16,844,295

16,844,295

Current result

22,204,353

36,027,723

Profit distribution

-

(2,729,115)

TOTAL CAPITALS *

219,905,062

216,422,841

* to preserve data comparability, the impact of applying the IFRS 15 standard is not included, this being presented in the explanatory notes.

Daniela Traiana Comsa Mihai Trifu

Interim General Manager Chief Financial Officer

BIOFARM S.A.

FINANCIAL INDICATORS

on 30 June 2018

(all amounts are expressed in LEI, unless otherwise specified)

CAPITAL PROFITABILITY AND RETURN

30 June 2018

Efficiency of available capital

Profit before interest and tax (A)

26,386,664

Share capital (B)

220,316,989

A/B

11.98%

Equity efficiency

Net profit (A)

22,204,353

Own capital (B)

219,905,062

A/B

10.10%

Operational profit rate

Profit before interest and tax (A)

26,386,664

Operating income (B)

86,617,534

A/B

30.46%

Net profit rate

Net profit (A)

22,204,353

Total incomes (B)

86,848,152

A/B

25.57%

Rate of total assets

Profit before interests and tax (A)

26,386,664

Total assets (B)

268,528,663

A/B

9.83%

SOLVENCY

30 June 2018

Debt rate

Total obligations (A)

48,623,601

Total assets (B)

268,528,663

A/B

18.11%

Rate of financial autonomy

Equity (A)

219,905,062

Total assets less net current debts (B)

220,316,989

A/B

99.81%

BIOFARM S.A.

FINANCIAL INDICATORS

on 30 June 2018

(all amounts are expressed in LEI, unless otherwise specified)

LIQUIDITY AND WORKING CAPITAL

30 June 2018

General liquidity rate

Current assets

139,358,655

Current obligations

48,211,674

(A/B)

2.89

Rapid liquidity rate

Current assets

139,358,655

Inventories

22,862,593

Current obligations

48,211,674

(A-B)/C

2.42

Customer collection period

Trade receivables (A)

64,374,672

Net turnover (B)

83,338,629

(A/B)*180- days

139

Period of inventory immobilisation

Inventories (A)

22,862,593

Net turnover (B)

83,338,629

(A/B)*180- days

49

Period of suppliers’ payment

Suppliers (A)

19,155,698

Material expenditures and from the outside (B)

52,283,475

(A/B)*180- days

66

Daniela Traiana Comsa Mihai Trifu

Interim General Manager Chief Financial Officer

The H1 2018 report can be consulted by accessing the link below:



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