Reg. No 429/13.11.2019
To,
BUCHAREST STOCK EXCHANGE S.A.
FINANCIAL SURVEILLANCE AUTHORITY
ANNOUNCEMENT
on the availability of the Third Quarter of 2019 Report
According to the provisions of Law no. 24/2017 and those of ASF Regulation no. 5/2018, TRANSILVANIA BROKER DE ASIGURARE S.A. informs that the Third Quarter of 2019 Report, is available to shareholders, investors and the public, as follow :
· on the website of the Bucharest Stock Exchange, www.bvb.ro , on the bellow link;
· on the company's website www.transilvaniabroker.ro, at “Investor Relations/Financial data/Financial Reports“ section ;
· as printed version, at the headquarters in Bistrita, Calea Moldovei Street, no.13, Bistrita-Nasaud County
It is mentioned that the Financial Statements on which the Third Quarter of 2019 Report was drawn up are not audited.
TRANSILVANIA BROKER DE ASIGURARE S.A.
CHAIRMAN OF THE BOARD OF DIRECTORS
NICULAE DAN
Summary
The Report of the Third Quarter of 2019
|
PROFIT AND LOSS ACCOUNT
|
|
|
|
|
|
Indicators of the financial position
(values are expressed in lei currency)
|
2018
30 septembrie
|
2019
30 septembrie
|
Variation (%)
trim III 2019 / trim III 2018
|
Share in income/expenses
(%) trim III 2019
|
|
|
Operating incomes, from which:
|
45.053.710
|
52.664.461
|
+16,9%
|
100%
|
|
Income from negotiating contracts
|
45.007.060
|
52.664.461
|
+16,9%
|
99,96%
|
|
Income from other activities related to the business
|
44.431
|
20.608
|
-53,6%
|
0,04%
|
|
Other operating income
|
2.219
|
-
|
-
|
-
|
|
Operating expenses, from which:
|
41.699.615
|
48.756.815
|
+16,9%
|
100%
|
|
Expenditures with commissions due to broker agents
|
37.945.832
|
44.755.454
|
+17,9%
|
91,8%
|
|
Personnel expenditures
|
1.670.924
|
1.837.897
|
+10,0%
|
3,77%
|
|
Expenditures of services provided by third parties
|
1.331.636
|
1.615.962
|
+21,4%
|
3,31%
|
|
Expenditures of material nature as consumables, inventory objects
|
112.985
|
200.161
|
+77,2%
|
0,41%
|
|
Expenses with other taxes, fees and similar payments
|
53.988
|
85.879
|
+59,1%
|
0,18%
|
|
Other operating expenses
|
87.107
|
179.407
|
+106,0%
|
0,37%
|
|
RESULTS FROM OPERATION
|
3.354.095
|
3.907.646
|
+16,5%
|
-
|
|
Financial incomes
|
13.088
|
24.415
|
+86,5%
|
-
|
|
Financial expenses
|
-
|
46.451
|
-
|
-
|
|
FINANCIAL RESULT
|
13.088
|
(22.036)
|
-
|
-
|
|
GROSS RESULT
|
3.367.183
|
3.885.610
|
+15,4%
|
-
|
|
Profit tax
|
510.061
|
533.139
|
+4,5%
|
-
|
|
NET RESULT
|
2.857.122
|
3.352.471
|
+17,3%
|
-
|
|
|
|
|
|
|
|
|
|
|
|
Structurally, the concern of the company's management for the efficiency of the activity is reflected in the significant decrease of the expenses with the personnel, whose share in total operating expenses decreased from 4.01% to 3.77%. Other categories of expenditures present slightly higher shares: in the reporting period, 3.31% of the total operating expenses, with 0.22 p.p. more than in the reference period; material expenses - in the context of investments in the new premises - increase from 0.27% of total operating expenses at 30.09.2018, to 0.41% by 30.09.2019, other operating expenses from 0.21% to 0,37% in the same period. These relative increases are offset by the cancellation of the expenditure with the adjustment of the current assets value, which represented, on 30.09.2018, 1.14% of the total operating expenses.
As of 30.09.2019, the net profit margin is 6.37%, slightly higher than the profit margin of the reference period (6.34%).
The Financial Statements on which the Third Quarter of 2019 Report was drawn up are not audited.
TRANSILVANIA BROKER DE ASIGURARE S.A.
CHAIRMAN OF THE BOARD OF DIRECTORS
NICULAE DAN