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SANTIERUL NAVAL ORSOVA S.A. - SNO

H1 2021 report

Release Date: 8/13/2021 8:04:32 AM

IRIS Code: B1C2A

 SANTIERUL NAVAL ORSOVA S.A.

 

STATEMENT OF FINANCIAL POSITION AT 30 JUNE 2021

 

Reference

 

 

Note

 

30.06.2021

 

31.12.2020

RON

RON

 

Assets

 

 

 

 

 

 

 

 

 

Fixed assets

 

 

 

IAS 1.54(a)

Tangible assets

14

37.964.817

37.417.314

 

     Freehold land and land improvements

14

1.201.941

1.201.941

 

     Buildings

14

16.251.170

16.999.328

 

     Plant and machinery,  motor vehicles

14

16.536.237

16.373.915

 

     Fixtures and fittings […]

14

38.434

53.638

 

     Tangible assets in progress

14

3.937.035

2.788.492

IAS 1.54(b)

Investment property

 

508.019

508.019

IAS 1.54(c)

Intangible assets

15

4.595

6.192

 

     Other intangible assets

15

4.595

6.192

IAS 1.54(h)

Trade receivables and other receivables

18

10.173

417.495

IAS 1.54(o), 56

Deferred tax assets

18

16.108

79.048

IAS 1.60

Total fixed assets

 

38.503.712

38.428.068

IAS 1.54 (g)

Inventories

17

18.846.300

34.611.321

IAS 1.54(h)

Trade receivables and other receivables

18

14.140.112

1.185.231

IAS 1.55

Accrued expenses

18

265.543

130.348

IAS 1.54(d)

Short term investments

 

3.880.597

3.857.609

IAS 1.54(i)

Cash and cash equivalents

20

23.164.109

30.825.273

IFRS 5.38-40

Non-current assets held for sale

 

18.637

18.637

IAS 1.60

Total Current Assets

 

60.315.298

70.628.419

 

Total Assets

 

98.819.010

109.056.487

 

 

 

 

 

 

Equity

 

 

 

IAS 1.54(r), 78(e)

Share capital

21

28.557.298

28.557.298

IAS 1.55, 78(e)

Share premium

 

8.862.843

8.862.843

IAS 1.54(r), 78(e)

Reserves

 

51.863.381

51.777.818

 

Result for the period

 

(335.279)

4.653.501

IAS 1.55, 78(e)

Retained earnings

 

697.040

 

7.743.844

 


 

 

STATEMENT OF FINANCIAL POSITION AT 30 JUNE 2021 (continued)

 

Reference

 

 

Row

 

30.06.2021

 

31.12.2020

RON

 

RON

 

 

Profit appropriation

 

0

(191.823)

 

Other elements of equity

 

(3.866.799)

(4.028.932)

 

Total equity

 

85.778.484

97.374.549

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

Long-term liabilities

 

 

 

IAS 1.54(o), 56

Deferred tax liabilities

 

3.875.003

4.037.136

IAS 1.60

Total long-term liabilities

 

3.875.003

4.037.136

 

 

 

 

 

 

Current liabilities

 

 

 

IAS 1.54(k)

Trade payables and other debts, including derivatives                                                                    

19

8.533.637

6.619.329

 

Deferred income

 

0

215

IAS 1.54(l)

Provisions

 

631.886

1.025.258

IAS 1.60

Total current liabilities

 

9.165.523

7.644.802

 

Total Liabilities

 

13.040.526

11.681.938

 

Total Equity and Liabilities

 

98.819.010

109.056.487

           

 

 

 

 

 

 

 

 

 

 

 

 

STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

AT 30 JUNE 2021

 

Reference

 

Note

30.06.2021

30.06.2020

RON

RON

 

 

 

 

 

 

Continuing operations

 

 

 

 

 

 

 

 

 IAS 1. 82(a)

Income

5

39.507.909

19.545.100

 IAS 1.99,103 

Other income

6

194.316

2.862.607

 

Total Operational Income

 

39.702.225

22.407.707

 

 

 

 

 

 

Expenses related to inventories

7

(14.356.978)

(6.972.113)

 

Utility expenses

8

(916.126)

(640.116)

 

Employee benefits expenses

9

(15.102.836)

(9.758.790)

 

Depreciation and amortization expenses

14,15

(2.015.778)

(1.567.814)

 

Gains/losses on disposal of property

 

(136)

(160.988)

 

Increase/(Decrease) of  receivables allowances and inventory write-down

10

2.331.159

400

 

Increase/(Decrease) of provision expenses

 

393.372

575.149

 IAS 1.99, 103

Other expenses

11

(10.378.062)

(3.505.504)

 

Total Operational expenses

 

(40.045.385)

(22.029.776)

 

 

 

 

 

 

The result of operational activities

 

(343.160)

377.931

 

 

 

 

 

 

Financial income

12

634.259

402.081

IAS 1.82(b) 

Financial expenses

12

(127.418)

(58.221)

 

Net financial result

 

506.841

343.860

 

 

 

 

 

 IAS 1.85

Result before taxation

 

163.681

721.791

 

 

 

 

 

 

Current income tax expenses

13.a

(429.185)

(146.560)

 

Deferred income tax expenses

13.a

(484.456)

(92.024)

 

Specific tax expense

13.b

(6.836)

(6.836)

 

Deferred income tax income

 

421.517

0

IAS 1.85 

Result for continuing operations

 

(335.279)

476.371

IAS 1.82(f) 

Result for the period

 

(335.279)

476.371

 

 

 

 

 

 

Other comprehensive income

 

 

 

 IAS 1.82(g)

Reevaluation of tangible assets

 

0

(142.228)

 IAS 1.85

Other comprehensive income after taxation

 

0

(142.228)


 

                                STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

                                AT 30 JUNE 2021 (continued)

 

 

Reference

 

   Note

30.06.2021

30.06.2020

RON

RON

 

 

 

 

 

 

 

IAS 1.82 (i)

Total comprehensive income for the period

 

(335.279)

334.143

 

 

Attributable profit

 

 

 

 

IAS 1.83(b)(ii)

Shareholders

 

(335.279)

476.371

 

 

Profit for the period

 

(335.279)

476.371

 

 

 

 

 

 

 

 

Total attributable comprehensive income

 

 

 

 

IAS 1.83(b)(ii)

Shareholders

 

(335.279)

334.143

 

 

Earnings per share

 

 

 

 

IAS 33.66

Basic earnings per share

 

(0,03)

0,04

 

IAS 33.66

Diluted earnings per share

 

(0,03)

0,04

 

 

Continuing operations

 

 

 

 

IAS 33.66

Basic earnings per share

 

(0,03)

0,04

 

IAS 33.66

Diluted earnings per share

 

(0,03)

0,04

 

 

 

 

 

 

Administrator,

Dr. Ing. Crinel-Valer Andanut

 

Prepared by,

Ec. Marilena Visescu

 

 The report containing the financial result for the first semester of 2021 on be consulted by accesing the link below.

 

 



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