A. Quarterly report of the Management Board on March 31, 2018
Date of the report: 04/05/2018
Name of the company:
SC „MECANICA CEAHLAU” S.A. PIATRA NEAMT
Registered Office: Piatra Neamt, Dumbravei street,no.6, postal code 610202
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 March 31, 2018.
Information in the financial-economic situation of the Mecanica Ceahlau SA on the 1st quarter of 2018 are presented in the Individual Financial Statements, concluded on March 31, 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 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
|
Balance Sheet Elements
|
Quarter I
2018
|
Quarter I
2017
|
|
Fixed assets total, out of which:
|
24.124.290
|
22,544,261
|
|
Tangible fix assets
|
22,384,335
|
21,498,737
|
|
Intangible assets
|
131,547
|
579,893
|
|
Real Estate Investments
|
1,608,409
|
465,631
|
|
Current assets total, out of which:
|
39,409,344
|
40,909,438
|
|
Stocks
|
15,467,564
|
13,603,527
|
|
Commercial claims and other assets
|
16,749,038
|
17,344,705
|
|
Expenses registered in advance
|
454,218
|
160,268
|
|
Financial assets at fair value
|
4,108,453
|
3,059,453
|
|
Cash and cash equivalents
|
2,630,072
|
6,741,485
|
|
TOTAL ASSETS
|
63,533,635
|
63,453,699
|
|
Own equity, of which:
|
49,333,777
|
52,945,529
|
|
Share capital
|
23,990,846
|
23,990,846
|
|
Reserves
|
18,728,051
|
19,068,435
|
|
Balance Sheet Elements (cont.)
|
Quarter I
2018
|
Quarter I
2017
|
|
Result of the exercise
|
1,170,737
|
1,457,705
|
|
Reported result
|
7,956,041
|
11,250,256
|
|
Other elements of own equity
|
-2,511,898
|
-2,821,713
|
|
Total debts:
|
14,199,858
|
10,508,170
|
|
Long term debts, out of which:
|
3,387,055
|
2,845,794
|
|
Long term loans
|
1,587,258
|
233,535
|
|
Provisions for pensions:
|
268,627
|
226,364
|
|
Debts on deferred tax
|
1,531,170
|
2,385,895
|
|
Current debts total, out of which:
|
10,812,803
|
7,662,376
|
|
Short term loans
|
422,704
|
98,010
|
|
Commercial debts and other debts
|
9,229,936
|
7,168,526
|
|
Incomes registered in advance
|
-
|
1,897
|
|
Provisions
|
1,160,163
|
393,943
|
|
TOTAL OWN EQUITY AND DEBTS
|
63,533,635
|
63,453,699
|
1.b. Individual situation of the global result
The company Mecanica Ceahlau SA has concluded the 1st quarter of 2018 with a turnover of 10.747.015 Ron.
The resulted turnover achieved on March 31, 2018 has increased 100% compared to BVC 1st quarter of 2018.
|
INDICATORS
|
Quarter I
2018
|
Quarter I
2017
|
|
Income from current activity (Turnover)
|
10,747,015
|
11,758,185
|
|
Other incomes
|
20,871
|
72,119
|
|
Incomes from the changes in stocks
|
244,472
|
-1,400,341
|
|
Total operational incomes
|
11,012,358
|
10,429,963
|
|
Expenses with stocks
|
5,118,630
|
4,302,436
|
|
Expenses with utilities
|
277,043
|
211,174
|
|
Expenses with salaries, contributions and other benefits
|
1,760,444
|
1,670,595
|
|
Expenses with amortization and impairment of assets
|
370,941
|
446,263
|
|
Earnings/losses on disposal of fixed assets
|
3,537
|
-
|
|
Adjustment of the value of current assets
|
13,628
|
233
|
|
Adjustments on provisions
|
613,421
|
183,438
|
|
Other expenses
|
1,244,696
|
2,107,727
|
|
Total operational expenses
|
9,368,010
|
8,554,524
|
|
Result of the operational activities
|
1,644,348
|
1,875,439
|
|
Financial incomes
|
29,041
|
40,985
|
|
Financial expenses
|
82,147
|
180,600
|
|
Financial net result
|
-53,106
|
-139,615
|
|
Result before taxes
|
1,591,241
|
1,735,824
|
|
Expenses with current income tax
|
347,744
|
241,581
|
|
Expenses with deferred income tax
|
238,083
|
47,941
|
|
Earnings associated to the deferred income tax
|
165,323
|
11,403
|
|
Result from the Continuous Activities (Net profit)
|
1,170,737
|
1,457,705
|
The net profit (achieve) on March 31, 2018 represents 11% of the achieved turnover.
2. Quarterly report on March 31, 2018 – the integral version is available on www.mecanicaceahlau.ro and on the link below (PDF document attached );
B . Financial-economic indicators mentioned at Annex 30 B / ASF Registry no. 1/2006
|
Indicator name
|
Calculation method
|
31
March
2018
|
31
March
2017
|
|
1. Current liquidity indicator
|
Current assets/
Current debts
|
4,04
|
5,61
|
|
2. Rate of debt indicator
|
Borrowed equity/
Own equity x 100
|
6,32
|
4,95
|
|
3. Turnover speed of fixed assets
|
Turnover/
Fixed assets
|
0,45
|
0,52
|
|
4. Turnover speed of days sales outstanding
(No. days)
|
Medium balance of net commercial claims/
Turnover x 90
|
109 days
|
133 days
|
GENERAL DIRECTOR, FINANCIAL DIRECTOR ,
Sorin Ion Molesag Gabriela Marian
PRESIDENT OF THE MANAGEMENT BOARD,
Trifa Aurelian Mircea Radu