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