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MECANICA CEAHLAU - MECF

H1 2018 report

Release Date: 7/13/2018 7:05:46 PM

IRIS Code: 41EBD

 

 

 

 

 

A.   Semestrial report of the Management Board on June 30, 2018

                       

             Date of the report: 13/07/2018

       Name of the company:

       SC „MECANICA CEAHLAU” S.A.  PIATRA NEAMT

 Registered Office: 6th Dumbravei street, 610202 Piatra Neamt

 Phone number/fax: 0233-21.58.20  /   0233-21.60.69

 Tax Identification Number:  RO 2045262

 Trade Register Registration Number: J.27 / 8 / 08.01.1991

             Subscribed and paid-in share capital RON 23.990.846

Regulated market in which the issued securities are traded:  BSE.

Trading symbol: MECF.

 

1.    Synthesis of the financial-economic indicators on June 30,  2018

 

Information in the financial-economic situation of the Mecanica Ceahlau SA on the 1st semester of 2018 are presented in the Individual Financial Statements, concluded on June 30, 2018, drafted according to the order 2844 from 2016 on the approval of the accounting regulations according to the international standards of financial reporting

The currency of the reporting is RON.

 

The individual financial statements ended June 30, 2018 were not audited.

 

The structure and the evolution of the asset, debt and equity elements of the company, compared to the same period of the previous year, is presented as:

 

 

1.a.  Individual situation of the financial position

 

 

 

Situation of assets, liabilities and equity

 

 

30 JUNE

2018

 

01 january

2018

 

Assets

 

 

 

Fixed assets

 

 

 

Tangible assets

22.081.920

 

22.527.105

 

 

Intangible assets

127.765

 

140.392

 

 

Real estate investments

 

1.608.408

 

1.608.409

 

 

Total Fixed assets

 

23.818.093

 

24.275.906

 

 

 

 

 

Current assets

 

 

 

Stocks

19.678.355

15.908.598

 

Trade receivables and other receivables

14.878.078

14.813.015

 

Expenses registered in advance

366.566

215.765

 

Financial assets at fair value

(fund units, bank deposit)

3.589.720

 

4.091.943

 

Cash and cash equivalents

2.433.348

4.819.739

 

 

Total Current Assets

 

40.946.067

 

39.849.060

 

 

Total Assets

 

64.764.160

 

64.124.966

 

 

Equity

 

 

 

Share capital

23.990.846

23.990.846

 

Reserves

19.512.116

18.755.289

 

Outturn for the financial year

1.569.919

(1.589.468)

 

Outturn reported

7.171.976

9.518.271

 

Other elements of equity

(2.507.580)

(2.516.256)

 

 

Total Equity

49.737.277

 

48.158.682

 

             

 

 

 

30 iunie

2018

01 january

2018

 

 

 

Liabilities

 

 

Long-term liabilities

 

 

Long-term loans

1.559.117

1.600.671

Provision for pensions

251.283

296.913

Liabilities concerning the deferred tax

1.609.997

1.462.767

 

Total Long-term liabilities

3.420.397

 

3.360.351

 

 

 

Current liabilities

 

 

Short-term loans

347.830

454.858

Trade and other payables

9.988.193

10.254.856

Deferred income

-

1.377.762

Provisions

1.270.463

518.457

Total Current liabilities

 

11.606.486

 

12.605.933

 

Total liabilities

15.026.883

 

15.966.284

 

Total Equity and Liabilities

64.764.160

 

64.124.966

 

1.b.  Individual situation of the global result

 

Mecanica Ceahlau SA has concluded the 1st semester of 2018 with a turnover of RON 18.983.991. The resulted turnover achieved on June 30, 2018 has decreased with 3 % compared to BVC 1st semester of 2018.

 

INDICATORS

 

June 30, 2018

%

Of

turnover

 

June 30, 2017

 

%

Of turnover

Income from current activity

(Turnover)

18.983.991

100

20.509.141

100

Other incomes

27.105

 

93.064

 

Income from inventory variation

1.129.767

 

53.132

 

Total Operational Income

20.140.863

 

20.655.337

 

Expenditure on stocks

(9.972.273)

53

(9.101.524)

44

Utilities expenses

(515.316)

3

(374.186)

2

Wages, contributions, and other benefits

(3.287.878)

17

(3.750.379)

18

Expenses with amortization and depreciation of fixed assets

(734.667)

4

(892.893)

4

Gains / Losses from Asset Loss

54.669

 

-

 

Adjustment of the value of current assets

19.680

 

497

 

Adjustments on provisions

(706.375)

2

500.907

2

Other Expenses (Distributor Fees and Marketing Expenses)

(2.992.299)

22

(4.601.394)

22

Total Operational Expenses

(18.134.459)

 

(18.218.972)

 

Result of Operational Activities

2.006.405

 

2.436.365

 

Financial income

54.794

 

65.941

 

Gain / loss on financial assets at fair value

-

 

34.457

 

Financial expenses

(174.535)

 

(357.101)

 

Net Financial Outcome

(119.741)

 

( 256.703)

 

The result before tax

1.886.663

 

2.179.662

 

Current income tax expense

(160.839)

 

(284.659)

 

Expenses with deferred tax

(412.801)

 

(134.799)

 

Profit tax on deferred income tax

256.895

 

40.244

 

The result of Continue Activities

1.569.919

8

1.800.448

9

             

 

The net profit (achieve) on June 30, 2018 represents 8% of the achieved turnover.

 

 

 

1.    Semestrial report on June 30, 2018 – the integral version is available on www.mecanicaceahlau.ro and in the below link (PDF document attached in the IRIS platform);

 

 

 

B 2 Financial-economic indicators mentioned at Annex 30 B / ASF Registry no. 1/2006

 

 

 

 

Indicator name

Calculation method

June 30,

2018

June 30,

2017

 

1.

Current liquidity indicator

Current assets/

Current debts

3,93

5,25

 

2.

Rate of debt indicator

Borrowed equity/

Own equity x 100

6,37

3,75

 

3.

 

Turnover speed of fixed assets

Turnover/

Fixed assets

0,80

0,82

 

4.

Turnover speed of days sales outstanding

(No. days

Medium balance of net commercial claims/

Turnover x 181

116 zile

136 zile

 

 

 

 

 

GENERAL MANAGER,                                                     FINANCIAL DIRECTOR,

             Sorin Ion Molesag                                                                              Oana Chirila

 

 

 

 

PRESIDENT OF THE MANAGEMENT BOARD,

Trifa Aurelian-Mircea-Radu

 



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