Market News


MECANICA CEAHLAU - MECF

2021 Q1 report

Release Date: 5/11/2021 6:05:13 PM

IRIS Code: 5C1E7

 

 A.   Quarterly report of the Management Board on March 31, 2021

                       

             Date of the report:  11.05.2021

       Name of the company:

       SC „MECANICA CEAHLAU” S.A. 

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:  Bucharest Stock Exchange – Category Standard

Trading symbol: MECF.

 

1.    Synthesis of the financial-economic indicators on March 31, 21

 

Information in the financial-economic situation of the Mecanica Ceahlau SA on the 1st quarter of 2021 are presented in the Financial Statements, concluded on March 31, 2021, 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  

 2021

 

Quarter I  

 2020

 

 

 

 

Fixed assets total, out of which:

18,082,653

18,149,531

Tangible fix assets

16,643,584

17,117,176

Intangible assets

70,619

91,491

Real Estate Investments

487,280

413,550

Assets representing rights of use of support assets in leasing contracts

881,171

527,314

Current assets total, out of which:

39,505,009

49,516,405

Stocks

21,593,543

20,079,727

Trade receivables and other receivables

6,550,047

9,043,579

Expenses registered in advance

259,848

106,059

Financial assets at fair value

263,835

255,137

Cash and cash equivalents

10,492,225

19,644,696

Assets classified as held for sale

345,510

387,207

TOTAL ASSETS

57,587,662

67,665,936

Own equity, of which:

48,097,804

60,566,891

Share capital

23,990,846

23,990,846

Legal reserves

2,804,874

2,804,874

 

Balance Sheet Elements (cont.)

 

Quarter I  

 2021

 

Quarter I  

 2020

Revaluation reserve

7,365,449

6,940,108

Retained earnings and other reserve

13,936,635

26,831,063

Total debts: 

9,489,858

7,099,045

Long term debts, out of which:

2,390,718

1,845,709

Long term loans

641,097

918,022

Provisions for pensions:

214,080

267,741

Debts on deferred tax

918,113

390,972

Liabilities from leasing contracts

617,428

268,973

Current debts total, out of which:

7,099,140

5,253,336

Short term loans

295,895

1,255,927

Commercial debts and other debts

5,736,824

3,316,579

Liabilities from leasing contracts

217,751

180,154

Provisions

32,727

-

TOTAL OWN EQUITY AND DEBTS

815,943

500,675

 

Balance Sheet Elements (cont.)

57,587,662

67,665,936

 

 

1.b.  Individual situation of the global result

 

 

 

Quarter I  

 2021

 

        Quarter I  

 2020

 

Sales

8,699,041

5,246,482

Costs of materials and consumables

(5,886,230)

(2,654,600)

 

 

2,812,812

2,591,882

 

Other operational revenues

87,245

71,674

Expenses with utilities

(100,285)

(129,042)

Expenses with salaries and other personnel expenses

(1,368,911)

(1,742,005)

Other administrative expenses

(577,975)

(438,678)

Other operational expenses

(63,947)

(47,474)

Expenses with amortization and impairment of assets and leasing assets

(412,149)

(365,166)

Gain/ loss from assets sales

-

-

Adjustment of the value of current assets

305,979

86,163

Gain/Loss of provisions for risks and expenses

(86,382)

106,600

 

Total operational expenses

(2,303,671)

(2,529,602)

 

Result of the operational activities

596,386

133,954

 

Interest incomes

21,130

119,638

Gains from revaluation of financial assets at fair value through profit or loss

1,984

1,278

Interest expense and discounts granted

(72,046)

(44,839)

Losses from exchange rate differences

(38,258)

(41,328)

 

Financial net result

(87,190)

(34,748)

Result before tax

 

509,195

168,702

 

Revenue/ (expenses) with current and deferred income tax

(226,389)

(86,515)

 

Net profit of period

282,807

82,187

 

 

 

 The net profit (achieve) on March 31, 2021 represents 3% of the achieved turnover.

 

2.            Quarterly report on March 31, 2021 – the integral version is available on www.mecanicaceahlau.ro  and on the Bucharest Stock Exchange website, at the link below;

 

 

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

 

Indicator name

Calculation method

31 March

2021

31 March

2020

1. Current liquidity indicator               

 

Current assets/

Current debts

 

 

 

6,29

 

 

10,42

2. Rate of debt indicator

 

Borrowed equity/

Own equity x 100

 

 

4,53

 

 

2,61

3. Turnover speed of fixed assets

Turnover/

Fixed assets

 

0,48

 

0,29

4. Turnover speed of days sales outstanding

 (No. days)

Medium balance of net trade receivables /

Turnover x 90

 

84 days

 

133 days

 

 

 

GENERAL DIRECTOR,                                                     FINANCIAL DIRECTOR,

            Molesag Ion Sorin                                                                   Chirila Oana

 

 

PRESIDENT OF THE MANAGEMENT BOARD,

Trifa Aurelian Mircea  Radu

 



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