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MECANICA CEAHLAU - MECF

2018 Q1 report

Release Date: 5/4/2018 6:49:46 PM

IRIS Code: DC35F

 

 

 

 

 

 

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

 



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