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FARMACEUTICA REMEDIA SA - RMAH

2021 Annual report

Release Date: 4/20/2022 6:30:10 PM

IRIS Code: F95D6

 

Current report

according to ASF Regulation no. 5/2018

Report date:

20.04.2022

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 9.548.082

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 2021 - the full version - is available on its own website http://www.remedia.ro/en/investors-2-2/company-financials/  and in the link from the IRIS platform, below.

The consolidated and unconsolidated financial statements, audited, for 2021, of the company Farmaceutica REMEDIA SA, concluded on December 31st 2021, prepared according to the applicable accounting standards, provide a correct and consistent image of the assets, liabilities, financial position and profit and loss.

 

During 01.01.2021 – 31.12.2021, the commercial company Farmaceutica REMEDIA S.A. recorded the following consolidated financial results:

 

Indicator

Values registered
on December 31st
2021 (LEI)

 

consolidated

Net turnover

477.102.652

Operating revenues – TOTAL

477.949.976

Operating costs - TOTAL

469.159.957

Financial revenues - TOTAL

220.698

Financial costs - TOTAL

377.581

TOTAL REVENUES

478.170.674

TOTAL COSTS

469.537.538

Tax

1.399.978

NET PROFIT

7.233.158

Non-current assets- TOTAL

42.655.089

Current assets - TOTAL

206.230.929

TOTAL ASSETS

251.072.707

Equity

68.223.569

TOTAL long-term liabilities

2.544.268

TOTAL short-term liabilities

180.304.870

TOTAL EQUITY AND LIABILITIES

251.072.707

 

The economic - financial indicators on 31.12.2021 are presented in the following table:

LIQUIDITY AND WORKING CAPITAL

FR

FRDL

Current liquidity                                               (Current assets/Current liabilities)

2,02

1,06

Current assets

19.936.593

190.723.981

Current liabilities

9.878.372

178.516.708

Degree of indebtedness                                 (Borrowed capital / Equity x 100)

0%

0%

Borrowed capital (including leasing)

0

0

Equity

55.326.909

12.743.831

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

60 days

101 days

Average customer balance

2.383.346

130.768.931

net turnover

14.513.188

469.548.632

Turnover speed of liabilities

(average suppliers balance/cogs*365)

224 days

138 days

Average suppliers balance

5.957.020

163.704.683

Cost of merchandise sold

9.673.476

431.919.771

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

75 days

32 days

Average stocks balance

2.010.796

37.631.360

Cost of merchandise sold

9.673.476

431.919.771

Turnover speed of fixed assets              (turnover/fixed assets)

0,32

1613

net turnover

14.513.188

469.548.632

Fixed assets

45.871.850

290.975

Gross profit margin (%)

(gross profit/net sales)

5,92 %

2,06%

Gross profit

859.155

9.704.958

Net turnover

14.513.188

469.548.632

 

Note:

1) Current liquidity – the indicator level reflects a good payment capacity, therefore a reduced risk for creditors, certifying that the companies are capable of covering their short-term liabilities based on receivables and cash availabilities.

 

2) Degree of indebtedness expresses the effectiveness of credit risk management, indicating potential financing, liquidity problems, with influences in honoring 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.

 

4) Turnover speed of liabilities represents the average period in which suppliers are paid.

 

5) The value of the No. of days on hand indicator can be considered that it falls within the specifics of the activity.

 

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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