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MECANICA CEAHLAU - MECF

Q1 financial results 2017

Release Date: 4/20/2017 6:39:12 PM

IRIS Code: 19DBE

 

 

 

 

 

A.   Quarterly report of the Management Board on March 31, 2017

                       

             Date of the report:   4/20/2017

       Name of the company:

       SC „MECANICA CEAHLAU” S.A.  PIATRA NEAMT

 Registered Office: Piatra Neamt str. Dumbravei nr.6, cod 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, 2017.

 

Information in the financial-economic situation of the Mecanica Ceahlau SA on the 1st quarter of 2017 are presented in the Individual Financial Statements, concluded on March 31, 2017, 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  

 2017

 

Quarter I

2016

 

Fixed assets total, out of which:

22,544,261

 

22,503,991

Tangible fix assets

21,498,737

21,967,314

Intangible assets

579,893

71,046

Real Estate Investments

465,631

465,631

Current assets total, out of which:

40,909,438

61,741,263

Stocks

13,603,527

14,994,967

Commercial claims and other assets

17,344,705

18,802,826

Expenses registered in advance

160,268

186,948

Financial assets at fair value

3,059,453

3,002,527

Cash and cash equivalents

6,741,485

2,250,004

TOTAL ASSETS

63,453,699

61,741,263

Own equity, of which:

52,945,529

51,915,952

Share capital

23,990,846

23,990,846

Reserves

19,068,435

19,052,207

 

Balance Sheet Elements (cont.)

 

        Quarter I  

 2017

 

Quarter I

2016

Result of the exercise

1,457,705

1,253,438

Reported result

11,250,256

10,466,395

Other elements of own equity

-2,821,713

-2,846,934

Total debts: 

10,508,170

9,825,311

Long term debts, out of which:

2,845,794

2,792,485

Long term loans

233,535

274,692

Provisions for pensions:

226,364

194,004

Debts on deferred tax

2,385,895

2,323,789

Current debts total, out of which:

7,662,376

7,032,826

Short term loans

98,010

98,282

Commercial debts and other debts

7,168,526

6,255,373

Incomes registered in advance

1,897

3,985

Provisions

393,943

675,186

TOTAL OWN EQUITY AND DEBTS

63,453,699

 

61,741,263

 

1.b.  Individual situation of the global result

 

Societatea Mecanica Ceahlau SA has concluded the 1st quarter of 2017 with a turnover of RON 11,758,185 with an increase of 12% compared to the 1st quarter of 2016. 

 

The resulted turnover achieved on March 31, 2017 has increased with 8% compared to BVC 1st quarter of 2017.

 

                             INDICATORS

Quarter I 

2017

Quarter I

2016

Income from current activity (Turnover)

11,758,185

10,520,493

Other incomes

72,119

24,490

Incomes from the changes in stocks

-1,400,341

-183,187

Total operational incomes

10,429,963

10,361,796

Expenses with stocks

4,302,436

4,397,587

Expenses with utilities

211,174

204,870

Expenses with salaries, contributions and other benefits

1,670,595

1,659,282

Expenses with amortization and impairment of assets

 

446,263

 

384,654

Adjustment of the value of current assets

233

1,364

Adjustments on provisions

183,438

99,390

Other expenses

2,107,727

2,068,550

Total operational expenses

8,554,524

8,614,189

Result of the operational activities

1,875,439

1,747,607

Financial income

40,985

49,072

Financial expenses

180,600

320,904

Financial net result

-139,615

-271,832

Result before taxes

1,735,824

1,475,775

Expenses with current income tax

241,581

199,065

Expenses with deferred income tax

47,941

70,535

Earnings associated to the deferred income tax

11,403

47,263

Result from the Continuous Activities (Net profit)

1,457,705

1,253,438

 

The net profit (achieve) on March 31, 2017 represents 12% of the achieved turnover.

2.          Quarterly report on March 31, 2017 – the integral version is available on www.mecanicaceahlau.ro and in the link on the IRIS platform (PDF document attached in the IRIS platform);

 

 

B 2 Financial-economic indicators mentioned at Annex 30 B / ASF Registry no. 1/2006

 

 

Indicator name

Calculation method

31

 March

2017

31

March

 2016

1. Current liquidity indicator               

 

Current assets/

Current debts

 

 

 

5.6

 

 

6.2

2. Rate of debt indicator

 

Borrowed equity/

Own equity x 100

 

 

0.4

 

 

0.5

3. Turnover speed of fixed assets

Turnover/

Fixed assets

0.5

0.4

4. Turnover speed of days sales outstanding

 (No. days)

Medium balance of net commercial claims/

Turnover x 90

133 days

118 days

 

 

 

 

 

 

 

 

 

GENERAL DIRECTOR,                                                        FINANCIAL DIRECTOR ,

             Laura Arghirescu                                                                   Gabriela Marian

 

 

 

PRESIDENT OF THE MANAGEMENT BOARD,

Trifa Aurelian Mircea Radu

 



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