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FARMACEUTICA REMEDIA SA - RMAH

2020 Annual report

Release Date: 4/15/2021 4:59:20 PM

IRIS Code: F7773

                                                 

Current report

according to ASF Regulation no. 5/2018

Report date:

15.04.2021

Name of issuer:

Farmaceutica  REMEDIA S.A.

Registered office:

Deva, no. 2, Nicolae Balcescu Blvd

Tel/ fax no:

+40 254 22 32 60 / +40 254 22 61 97

ORC no:

2115198

Trade Registry no:

J20 / 700 / 1991

Subscribed and paid-in capital:

LEI 10.608.980

Regulated market:

Bucharest Stock Exchange, Standard Category

Important events to report:

RELEASE

 

The Board of Administrators of Farmaceutica REMEDIA S.A. informs that the Annual Report for 2020 - the full version - is available on its own website http://www.remedia.ro/en/investors-2-2/company-financials/  and and in the link from the IRIS platform, below.

The consolidated and unconsolidated financial statements, audited, for 2020, of the company Farmaceutica REMEDIA SA, concluded on December 31, 2020, prepared according to the applicable accounting standards, provide a correct and consistent image of the assets, liabilities, financial position and profit and loss.

 

During 01.01.2020 – 31.12.2020, the commercial company Farmaceutica REMEDIA S.A. recorded the following consolidated financial results:

 

Indicator

Values registered
on December 31th
2020 (LEI)

 

consolidated

Net turnover

441.478.105

Operating revenues – TOTAL

482.803.508

Operating costs - TOTAL

439.940.926

Financial revenues - TOTAL

312.150

Financial costs - TOTAL

406.117

TOTAL REVENUES

483.115.658

TOTAL COSTS

440.347.042

Tax

4.997.042

NET PROFIT

37.771.574

Non-current assets- TOTAL

40.256.854

Current assets - TOTAL

202.969.618

TOTAL ASSETS

244.463.046

Equity

79.830.650

TOTAL long-term liabilities

2.246.739

TOTAL short-term liabilities

162.385.658

TOTAL EQUITY AND LIABILITIES

244.463.046

 

 The economic - financial indicators on 31.12.2020 are presented in the following table:

LIQUIDITY AND WORKING CAPITAL

FR

FRDL

current liquidity                                               (Current assets/Current liabilities)

9,26

1,03

Current assets

29.376.485

175.670.137

Current liabilities

3.172.399

169.731.286

degree of indebtedness                                 (Borrowed capital / Equity x 100)

0%

0%

Borrowed capital (including leasing)

0

0

Equity

73.672.543

5.938.851

turnover speed for client debit items(average customer balance/turnover *365)

52 days

111 days

Average customer balance

9.172.151

125.432.624

net turnover

63.833.250

411.345.503

Turnover speed of liabilities

(average suppliers balance/cogs*365)

99 days

158 days

Average suppliers balance

13.556.169

164.940.588

Cost of merchandise sold

50.039.120

381.342.557

Turnover speed of stocks (average stock balance/COGS * 365

55 days

39 days

Average stocks balance

7.620.605

41.192.245

Cost of merchandise sold

50.039.120

381.342.557

turnover speed of fixed assets              (turnover/fixed assets)

1,31

863

net turnover

63.833.250

411.345.503

Fixed assets

 

48.725.139

 

476.522

 

Gross profit margin (%)

(gross profit/net sales)

51,09%

0,72%

Gross profit

32.616.522

3.002.781

Net turnover

63.833.250

411.345.503

 

Note:

1) Current liquidity – the indicator level reflects a good payment capacity, therefore a reduced risk for creditors, certifying that the company is capable of covering its short-term liabilities based on receivables and cash availabilities. The indicator evolved positively compared to the same period last year (1,3) to FR. In the case of FRDL, the indicator slightly improved as compared to December 2019 (1,02).

 

2) Degree of indebtedness expresses the effectiveness of credit risk management, indicating potential financing, liquidity problems, with influences in honouring the assumed commitments. In the calculation of this indicator, the borrowed capital comprises both bank loans and finance lease liabilities.

 

3) Turnover speed for client debit items expresses company effectiveness in collecting its receivables, respectively the number of days until the date on which debtors pay their liabilities to the company. Considering the dynamics of sales and the specificity of the collection of receivables in the distribution of drugs, we consider that the value of the indicator is normal for both companies under the given conditions. For FR, the indicator had the following evolution; 44 days on December 2019. In the case of FRDL, the indicator improved as compared to December 2019 (=119 days).

 

4) Turnover speed of liabilities represents the average period in which suppliers are paid. In the previous financial year (2019), FR paid its suppliers in average at 106 days and FRDL at 179 days.

 

5) The value of the No. of days on hand indicator can be considered that it falls within the specifics of the activity. In the case of FR, the indicator positively evolved compared to the same period last year (60 days). In the case of FRDL, the indicator improved as compared to December 2019 (=61 days)

 

6) Turnover speed of fixed assets expresses the effectiveness of the management of fixed assets, by examining the turnover generated by a certain quantity of fixed assets.

The documents can be also obtained in written form, upon request, at the office of the Company from Deva, no. 2 Nicolae Balcescu Blvd. and additional information can be obtained at the telephone number: +40 254 223 260, contact persons: Elena CODREAN / Florin CADIA, or at the e-mail address: investor@remedia.ro.

 

 

 

Chairman of the Board of Administrators,

 

 

TARUS” – Valentin Norbert TARUS e.U.

 



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