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| May 25, 2022 |
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BIOFARM S.A. - BIO

2020 Preliminary financial results

Release Date: 2/15/2021 6:09:59 PM

IRIS Code: 26653

 

 

 BIOFARM S.A.   

Unaudited preliminary financial results on 31 December 2020

 

 

 

 

COMPREHENSIVE INCOME STATEMENT

 on 31 December 2020

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

 

 

31-Dec-20

31-Dec-19

 

 

 

Income from sales

   218.088.098

   202.755.811

Income for IFRS 15 adjustment

      (1.518.832)

      (7.433.796)

Other operating income

          302.634

       2.033.221

Changes in inventories

       1.999.829

       2.649.831

 

 

 

Raw materials and consumables

     (39.754.249)

     (38.122.825)

Personnel expenses

     (39.830.034)

     (33.313.993)

Amortisation

      (11.122.897)

      (8.095.349)

Other operating expenses

(64.169.659)

     (59.580.890)

     

Operating profit/ (loss)

63.994.890

        60.892.010

     

Net financial income / (cost)

              1.177.052

             1.576.442

Losses assessment at fair value real estate investments

                     -  

                     -  

     

Profit/ (loss) before tax

65.171.942

        62.468.452

     

Expenses with taxes

           (10.625.753)

          (11.586.633)

     

Profit / (loss)

         54.546.189

        50.881.819

     

Other elements of the comprehensive income

   

Revaluation of tangible assets

                     -  

-   

Deferred tax afferent to revaluation

                     -  

-

     

Total comprehensive income

         54.546.189

        50.881.819

 

 

 

                       Andrei Hrebenciuc                                                                      Claudia Matei

                       B.D. Chairman                                                                       Chief Accountant

 

 

STATEMENT OF FINANCIAL POSITION

on 31 December 2020

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

Assets

31-Dec-20

31-Dec-19

Tangible assets

     142.750.794

     126.454.307

Real estate assets

       11.507.054

       11.533.330

Intangible assets

           532.340

           839.771

Other fixed assets

              9.095

              7.095

Deferred tax

        5.703.084

        4.991.403

Fixed assets

    160.502.367

    143.825.906

 

 

 

Inventories

       34.060.125

       18.289.407

Trade receivables and similar

     102.562.399

       93.372.718

Cash and cash equivalents

       75.543.584

       91.128.639

Current assets

    212.166.108

    202.790.764

 

 

 

TOTAL ASSETS

   372.668.475

   346.616.670

 

 

 

Debts

 

 

Trade debts and similar

       45.388.994

       54.542.504

Debts on profit tax

        1.299.410

        2.436.362

IFRS 15 deferred income

       27.013.997

       25.495.165

Provisions

        6.475.107

        6.305.310

Current debts

      80.177.508

      88.779.341

 

 

 

Provisions

           657.827

           606.998

Long-term debts

            657.827

            606.998

 

 

 

TOTAL DEBTS

      80.835.335

      89.386.339

 

 

 

NET ASSETS *

    291.833.140

    257.230.331

 

        

 

             

 

                                                                                                    

 

STATEMENT OF FINANCIAL POSITION

 on 31 December 2020

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

 

Share capital and reserves

31-Dec-20

31-Dec-19

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

        1.967.642

        1.967.642

Reserves

       23.350.438

     101.914.398

Retained earnings

     113.605.303

        5.548.864

Current result

       54.546.189

       50.881.819

Profit distribution

                  -  

      (1.445.960)

 

 

 

TOTAL CAPITALS

    291.833.140

    257.230.331

 

                                                      

 

 

   Andrei Hrebenciuc                                                                                    Claudia Matei

         B.D. Chairman                                                                                     Chief Accountant

 

 

FINANCIAL INDICATORS

on 31 December 2020

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

 

 

 

CAPITAL PROFITABILITY AND RETURN

31 Decembrie 2020

31 December 2019

 

 

 

Efficiency of available capital

 

 

Profit before interest and tax (A)

                65.171.942

 62.432.844

Share capital (B)

              292.490.967

 257.605.183

A/B

22,28%

24.24%

Equity efficiency

 

 

Net profit (A)

                54.546.189

 50.807.707

Own capital (B)

              291.833.140

 257.156.219

A/B

18,69%

19.76%

Operational profit rate

 

 

Profit before interest and tax (A)

                65.171.942

 62.432.844

Operating income (B)

              218.871.729

 200.521.190

A/B

29,78%

31.14%

Net profit rate

 

 

Net profit (A)

                54.546.189

 50.807.707

Total incomes (B)

              220.048.782

 202.097.632

A/B

24,79%

25.14%

Rate of total assets

 

 

Profit before interests and tax (A)

65.171.942

62.432.844

Total assets (B)

372.668.475

347.014.478

A/B

17,49%

17.99%

 

 

 

SOLVENCY

31 Decembrie 2020

31 December 2019

Debt rate

 

 

Total obligations (A)

80.835.335

89.858.259

Total assets (B)

372.668.475

347.014.478

A/B

21,69%

25.89%

Rate of financial autonomy

 

 

Equity (A)

291.833.140

257.156.219

Total assets less net current debts (B)

292.490.967

257.605.183

A/B

99,78%

99.83%

 

 

                    

        

FINANCIAL INDICATORS

on 31 December 2020

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

 

LIQUIDITY AND WORKING CAPITAL

31 Decembrie 2020

General liquidity rate

 

Current assets

212.166.108

Current obligations

80.177.508

(A/B)

2,65

Rapid liquidity rate

 

Current assets

212.166.108

Inventories

34.060.125

Current obligations

80.177.508

(A-B)/C

2,22

Customer collection period

 

Trade receivables (A)

                94.754.552

Net turnover (B)

218.088.098

(A/B)*360- days

156

Period of inventory immobilisation

 

Inventories of finished products and goods (A)

56.850.455

Net turnover (B)

218.088.098

(A/B)*360- days

94

Period of suppliers’ payment

 

Suppliers (A)

35.445.035

Material expenditures and from the outside (B)

123.669.450

(A/B)*360 days

103

 

 

 

 

               

                 Andrei Hrebenciuc                                                                                   Claudia Matei

               B.D. Chairman                                                                                    Chief Accountant

 



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