CHIMCOMPLEX S.A. CHIMCOMPLEX SA BORZEŞTI
PRELIMINARY INDIVIDUAL FINANCIAL STATEMENTS
prepared in accordance with the Order of the Minister of Public Finance nr. 2844/2016 for
approval of Accounting Regulations in accordance with International Financial Reporting Standards (unaudited)
ON AND FOR THE PERIOD OF ONE YEAR
ENDED on DECEMBER 31STst, 2023
CHIMCOMPLEX S.A. BORZEȘTI
Str. Industriilor nr. 3, Onești, jud. Bacău, România Tel. 0234/302.250; Fax 0234/302.102
E-mail: office@chimcomplex.com
Web: www.chimcomplex.com
Trade Registry J04/493/1991, URC 960322 Shared and paid capital: 304907851 RON IBAN: RO60BUCU1111215962132
ALPHA BANK BUCURESTI
RO2021.055.061Q RO2021.055.061E RO2018.055.061
TABLE of CONTENT
STATEMENT OF FINANCIAL POSITION AS OF 31.12.2023 - PRELIMINARY | 3 |
STATEMENT OF COMPREHENSIVE INCOME AS OF 31.12.2023 - PRELIMINARY | 5 |
CASH FLOW STATEMENT - PRELIMINARY | 6 |
STATEMENT OF CHANGES IN EQUITY - PRELIMINARY | 8 |
NOTES TO PRELIMINARY FINANCIAL STATEMENTS | 10 |
CHIMCOMPLEX S.A. BORZEȘTI
Str. Industriilor nr. 3, Onești, jud. Bacău, România Tel. 0234/302.250; Fax 0234/302.102
E-mail: office@chimcomplex.com
Web: www.chimcomplex.com
Trade Registry J04/493/1991, URC 960322 Shared and paid capital: 304907851 RON IBAN: RO60BUCU1111215962132
ALPHA BANK BUCURESTI
RO2021.055.061Q RO2021.055.061E RO2018.055.061
STATEMENT OF COMPREHENSIVE INCOME AS OF DECEMBER 31st, 2023 - PRELIMINARY
(All amounts are given in LEI, unless otherwise specified.)
December 31st, | December 31st, | ||
2023 | 2022 | ||
ASSETS | |||
Non-current assets | |||
Property, plant and equipment | 1.983.063.506 | 1.851.483.903 | |
Other rights of use assets | 12.146.121 | 13.844.826 | |
Real estate investment | 29.226.468 | 31.452.222 | |
Intangible assets | 118.212.264 | 122.407.778 | |
Investments in associates and other equity investments | 59.043.968 | 60.043.968 | |
Other long-term financial assets | 5.467.193 | 6.718.514 | |
Total non-current assets | 2.207.159.519 | 2.085.951.211 | |
Current assets | |||
Stocks | 141.712.105 | 237.998.985 | |
Trade receivables and other receivables | 234.392.083 | 494.866.553 | |
Short-term loans to shareholders | 5.411.291 | 5.327.386 | |
Cash and cash equivalents | 139.761.858 | 40.466.919 | |
Total current assets | 521.277.337 | 778.659.843 | |
Total assets | 2.728.436.856 | 2.864.611.054 | |
EQUITY AND DEBT | |||
Capital and reserves | |||
Share capital | 304.907.851 | 1.190.991.169 | |
Own shares | (26.657.863) | (47.794.795) | |
Capital premiums | 4.669.565 | 4.669.565 | |
Legal reserves | 109.435.476 | 109.435.476 | |
Retained earnings | 766.485.033 | (1.729.903) | |
Revaluation reserves | 575.367.971 | 577.222.870 |
Total equity
CHIMCOMPLEX S.A. BORZEȘTI
Str. Industriilor nr. 3, Onești, jud. Bacău, România Tel. 0234/302.250; Fax 0234/302.102
E-mail: office@chimcomplex.com
Web: www.chimcomplex.com
1.734.208.033 1.832.794.382
Trade Registry J04/493/1991, URC 960322 Shared and paid capital: 304907851 RON IBAN: RO60BUCU1111215962132
ALPHA BANK BUCURESTI
RO2021.055.061Q RO2021.055.061E RO2018.055.061
STATEMENT OF COMPREHENSIVE INCOME AS OF DECEMBER 31st, 2023 - PRELIMINARY
(All amounts are given in LEI, unless otherwise specified.)
DEBT
Long-term liabilities
Subsidies
Leasing
Deferred tax liabilities
Provisions
Long-term loans
Other long-term liabilities
Total long-term liabilities
Current liabilities
Subsidies
Trade and other debts
Leasing
Income tax liabilities
Provisions
Short-term loans
Total current liabilities
Total liabilities
Total equity and debt
FLORIAN STAICU,
GENERAL MANAGER
CHIMCOMPLEX S.A. BORZEȘTI
Str. Industriilor nr. 3, Onești, jud. Bacău, România Tel. 0234/302.250; Fax 0234/302.102
E-mail: office@chimcomplex.com
Web: www.chimcomplex.com
December 31st, | December 31st, | |
2023 | 2022 |
12.713.621 13.778.664
9.501.672 8.705.286
136.101.866 136.699.379
16.125.946 16.302.643
375.876.794 457.459.739
921.138 10.259.628
551.241.038 643.205.339
25.916.843 27.230.691
137.982.833 268.916.021
8.043.226 5.949.300
- 21.787.660
2.136.422 18.575.007
268.908.461 46.152.656
442.987.785 388.611.333
994.228.823 1.031.816.672
2.728.436.856 2.864.611.054
STĂNCIUGEL NICOLAE,
CHIEF FINANCIAL OFFICER
Trade Registry J04/493/1991, URC 960322 Shared and paid capital: 304907851 RON IBAN: RO60BUCU1111215962132
ALPHA BANK BUCURESTI
RO2021.055.061Q RO2021.055.061E RO2018.055.061
STATEMENT OF COMPREHENSIVE INCOME AS OF DECEMBER 31st, 2023 - PRELIMINARY
(All amounts are given in LEI, unless otherwise specified.)
December 31st, | December 31st, | ||
2023 | 2022 | ||
Sales | 1.399.298.512 | 2.258.532.411 | |
Investment income | 11.101.938 | 10.173.263 | |
Other gains (or losses) | 13.074.023 | 5.917.570 | |
Cost of goods sold | (39.024.008) | (85.016.214) | |
Change in stocks | (76.334.265) | 74.765.385 | |
Expenses with raw materials and consumables | (456.689.428) | (732.826.457) | |
Salary expenses | (161.790.448) | (162.889.823) | |
Depreciation charges on fixed assets | (139.081.105) | (152.995.779) | |
Distribution costs | (38.436.453) | (41.182.892) | |
Energy and water costs | (384.879.452) | (738.470.218) | |
Expenditure on services performed by third parties | (43.328.460) | (47.350.405) | |
Maintenance and repair costs | (20.186.454) | (36.763.622) | |
Other income | 5.164.044 | 37.638.394 | |
Gain / (Loss) on impairment adjustments for fixed assets | 91.674.870 | - | |
Other expenses | (46.863.483) | (56.950.723) | |
Financing costs | (37.795.708) | (21.325.737) | |
Profit / (Loss) before tax | 75.904.125 | 311.255.153 |
Corporate income tax
Profit / (Loss) of the period
Other comprehensive income
Profit / (Loss) per share
FLORIAN STAICU,
GENERAL MANAGER
CHIMCOMPLEX S.A. BORZEȘTI
Str. Industriilor nr. 3, Onești, jud. Bacău, România Tel. 0234/302.250; Fax 0234/302.102
E-mail: office@chimcomplex.com
Web: www.chimcomplex.com
- (45.193.230)
75.904.125 266.061.923
--
0,2490,873
STĂNCIUGEL NICOLAE,
CHIEF FINANCIAL OFFICER
Trade Registry J04/493/1991, URC 960322 Shared and paid capital: 304907851 RON IBAN: RO60BUCU1111215962132
ALPHA BANK BUCURESTI
RO2021.055.061Q RO2021.055.061E RO2018.055.061
CASH FLOW STATEMENT AS OF DECEMBER 31st, 2023 - PRELIMINARY
(All amounts are given in LEI, unless otherwise specified.)
December 31st - | 31 December | ||
2023 | 2022 | ||
Cash flows from operating activities: | |||
Profit before tax | 75.904.125 | 311.255.153 | |
Adjustments for non-monetary items: | |||
Interest expenses | 33.872.110 | 19.899.778 | |
Loss/(gain) on impairment of investments | - | (4.205.329) | |
Impairment loss/(gain) on property, plant and equipment | (91.674.870) | - | |
Interest income | (4.567.194) | (3.298.266) | |
Loss/(gain) on disposal of fixed assets | 394.896 | 149.715 | |
Loss/(gain) on provisions | (16.835.970) | (17.082.434) | |
Foreign exchange loss, net | 5.670.596 | 1.122.088 | |
Impairment losses on stocks, net | 1.351.726 | 5.529.253 | |
Amortization | 139.081.105 | 152.955.779 | |
Impairment gain on trade receivables and other assets, net | 64.243 | (7.953) | |
Remuneration expense in equity instruments | 23.387.871 | ||
Revenue from subsidies | (1.453.916) | (1.324.683) | |
165.194.723 | 464.993.101 | ||
Working capital movements: | |||
Decreases/(increases) in inventories | 94.939.686 | (108.752.984) | |
Decreases/(increases) in trade receivables and other receivables | 34.871.002 | (37.615.046) | |
Increases/(decreases) in trade and other liabilities | (77.252.732) | (167.799.199) | |
Subsidy received for electricity costs | 45.664.031 | 32.404.226 | |
Investment subsidies received | 12.003.244 | - | |
Cash generated by operating activities | 275.419.953 | 183.230.098 | |
Interest paid | (32.905.512) | (18.900.685) | |
Corporate tax paid | - | - | |
Net cash generated by/(used in) operating activities | 242.514.442 | 164.329.413 | |
Cash flows from investment activities: |
Interest received
Proceeds from the sale of non-current assets Acquisition of non-current assets Payments for investments in the associate Acquisition of the subsidiary
Net cash used in investment activities
CHIMCOMPLEX S.A. BORZEȘTI
Str. Industriilor nr. 3, Onești, jud. Bacău, România Tel. 0234/302.250; Fax 0234/302.102
E-mail: office@chimcomplex.com
Web: www.chimcomplex.com
4.567.1943.298.266
-766.958
(231.876.723) (164.381.486)
- (18.943.421)
- (4.000.000)
(227.309.529) (183.259.683)
Trade Registry J04/493/1991, URC 960322 Shared and paid capital: 304907851 RON IBAN: RO60BUCU1111215962132
ALPHA BANK BUCURESTI
RO2021.055.061Q RO2021.055.061E RO2018.055.061
CASH FLOW STATEMENT AS OF DECEMBER 31st, 2023 - PRELIMINARY
(All amounts are given in LEI, unless otherwise specified.)
December 31st - | 31 December | ||||||
2023 | 2022 | ||||||
Cash flows from financing activities: | |||||||
Proceeds from loans | 191.203.956 | 218.309.765 | |||||
Repayment of lease debts | (9.284.537) | (8.085.242) | |||||
Dividends paid | (38.341.339) | (214.254.817) | |||||
Repayment of loans | (58.097.042) | (37.508.762) | |||||
Acquisition of own shares | (321.503) | (47.652.341) | |||||
Net cash (used in)/generated by financing activities | 85.159.535 | (89.191.397) | |||||
(Subtraction) / net increase in cash and cash equivalents | 100.364.463 | (108.121.666) | |||||
Cash and cash equivalents at the beginning of the year | 40.466.919 | 147.994.841 | |||||
Effects of changes in foreign exchange rates on the balance of cash | |||||||
held in foreign currency | (1.069.507) | 593.744 | |||||
Year-end cash and cash equivalents | 139.761.858 | 40.466.919 |
FLORIAN STAICU, | STĂNCIUGEL NICOLAE, |
GENERAL MANAGER | CHIEF FINANCIAL OFFICER |
CHIMCOMPLEX S.A. BORZEȘTI
Str. Industriilor nr. 3, Onești, jud. Bacău, România Tel. 0234/302.250; Fax 0234/302.102
E-mail: office@chimcomplex.com
Web: www.chimcomplex.com
Trade Registry J04/493/1991, URC 960322 Shared and paid capital: 304907851 RON IBAN: RO60BUCU1111215962132
ALPHA BANK BUCURESTI
RO2021.055.061Q RO2021.055.061E RO2018.055.061
STATEMENT OF CHANGES IN EQUITY AS OF DECEMBER 31st, 2023 - PRELIMINARY
(All amounts are given in LEI, unless otherwise specified.)
Issue | Retained | Revaluation | ||||||||||||
Share capital | Own shares | premiums | Legal reserves | earnings | reserves | Total | ||||||||
Balance on January 1st, 2022 | 1.190.991.169 | (142.454) | 4.669.565 | 90.207.136 | (191.109.065) | 578.340.730 | 1.672.957.081 | |||||||
Profit for the year | - | - | - | - | 266.061.923 | - | 266.061.923 | |||||||
Dividend distribution | - | - | - | - | (60.000.000) | - | (60.000.000) | |||||||
Revaluation reserves | - | - | - | 1.117.860 | (1.117.860) | - | ||||||||
Legal reserves | - | - | - | 19.228.340 | (19.228.340) | - | - | |||||||
Redemption of own shares | - | (47,652,341) | - | - | - | - | (47.652.341) | |||||||
Other movements | - | - | - | - | 1.427.719 | - | 1.427.719 | |||||||
Balance on December 31stst, 2022 | ||||||||||||||
1.190.991.169 | (47.794.795) | 4.669.565 | 109.435.476 | (1.729.903) | 577.222.870 | 1.832.794.382 |
CHIMCOMPLEX S.A. BORZEȘTI
Str. Industriilor nr. 3, Onești, jud. Bacău, România Tel. 0234/302.250; Fax 0234/302.102
E-mail: office@chimcomplex.com
Web: www.chimcomplex.com
Trade Registry J04/493/1991, URC 960322 Shared and paid capital: 304907851 RON IBAN: RO60BUCU1111215962132
ALPHA BANK BUCURESTI
RO2021.055.061Q RO2021.055.061E RO2018.055.061
STATEMENT OF CHANGES IN EQUITY AS OF DECEMBER 31st, 2023 - PRELIMINARY
(All amounts are given in LEI, unless otherwise specified.)
Issue | Retained | Revaluation | |||||||||||
Share capital | Own shares | premiums | Legal reserves | earnings | reserves | Total | |||||||
Balance on January 1st, 2023 | 1.190.991.169 | (47.794.795) | 4.669.565 | 109.435.476 | (1.729.903) | 577.222.870 | 1.832.794.382 | ||||||
Profit for the year | - | - | - | - | 75.904.125 | - | 75.904.125 | ||||||
Dividend distribution | - | - | - | - | (194.000.000) | - | (194.000.000) | ||||||
Revaluation reserves | - | - | - | - | - | (2.422.411) | (2.422.411) | ||||||
Redemption of own shares | - | (321,503) | - | - | - | - | (321.503) | ||||||
Employee benefits in the form of equity | |||||||||||||
instruments stage I | - | 21.458.435 | - | - | (21.458.435) | - | - | ||||||
Benefits to be provided to employees in the | |||||||||||||
form of equity instruments - stage II | - | - | - | - | 23.387.871 | - | 23.387.871 | ||||||
Anullment hyperinflation adjustment | (886.083.318) | - | - | - | 886.083.318 | - | - | ||||||
Deferred tax | - | - | - | - | - | 567.512 | 567.512 | ||||||
Other movements | - | - | - | - | (1.701.944) | - | (1.701.944) | ||||||
Balance of December 31stst, 2023 | |||||||||||||
304.907.851 | (26.657.863) | 4.669.565 | 109.435.476 | 766.485.033 | 575.367.971 | 1.734.208.033 |
FLORIAN STAICU,
GENERAL MANAGER
CHIMCOMPLEX S.A. BORZEȘTI
Str. Industriilor nr. 3, Onești, jud. Bacău, România Tel. 0234/302.250; Fax 0234/302.102
E-mail: office@chimcomplex.com
Web: www.chimcomplex.com
STĂNCIUGEL NICOLAE,
CHIEF FINANCIAL OFFICEER
Trade Registry J04/493/1991, URC 960322 Shared and paid capital: 304907851 RON IBAN: RO60BUCU1111215962132
ALPHA BANK BUCURESTI
RO2021.055.061Q RO2021.055.061E RO2018.055.061
(All amounts are given in LEI, unless otherwise specified)
NOTES
to the preliminary Individual Financial Statements, for the period ending on December 31stst, 2023
NOTE 1. GENERAL INFORMATION AND MAIN ACTIVITIES
These financial statements are the preliminary individual financial statements of CHIMCOMPLEX S.A. BORZEȘTI (the "Company") at and for the period that ended on December 31st, 2023.
The Company's first individual financial statements prepared in accordance with IFRS standards were concluded on December 31st, 2022.
The company was founded in 1990, based on Government Decision nr. 1200 of 12.11.1990, by dividing the Borzești Petrochemical Plant and subsequently by taking over the entire assets of the Borzești Chemical Plant.
On March 15, 1991 it was organized as a commercial company with full state capital and registered at the Trade Register Office under no. J04/493/1991.
The company was privatized in 2003, A2 IMPEX SRL Ploiesti taking over from the Authority for State Assets Management (AAAS) 94.7465% of the share capital of the company at that time.
The registered office is in Onesti, str. Industrielor nr. 3, Bacău county.
The main activity of the company according to NACE code 2013 is Manufacture of other basic inorganic chemicals.
On December 7, 2018, the Company acquired from Oltchim SA the assets (intellectual property rights, land, constructions, movable property, ongoing investments) related to chlorosodium, propenoxide, polyether-polyols,oxo-alcohols, monomer, PVC I, utilities, wagon fleet, on the industrial platform Rm. Vâlcea.
The company has a branch and seven working points:
Branch:
- Chimcomplex SA Borzești Râmnicu Vâlcea Branch, headquartered in Râmnicu Vâlcea Municipality, Uzinei Street nr. 1, Vâlcea county;
Working points:
- The working point in Cazaci village, Tarcău, jud. Neamț;
- The working point in Pitesti, str. Căminelor nr. 7, jud. Arges;
- The working point in Dej, str. Bistriței nr. 63 (Chamber no. 1), jud. Cluj;
- Working point in Bucharest, Bd. Ficusului nr. 44, Bucharest, sector 1;
- The working point Complex Piscicol Tarcău from Cazaci village, Tarcău, jud. Neamț;
- The working point in Bucharest Sector 1, Piața Presei Libere nr. 3-5, City Gate South Tower, 17th floor.
CHIMCOMPLEX S.A. BORZEȘTI
Str. Industriilor nr. 3, Onești, jud. Bacău, România Tel. 0234/302.250; Fax 0234/302.102
E-mail: office@chimcomplex.com
Web: www.chimcomplex.com
Trade Registry J04/493/1991, URC 960322 Shared and paid capital: 304907851 RON IBAN: RO60BUCU1111215962132
ALPHA BANK BUCURESTI
RO2021.055.061Q RO2021.055.061E RO2018.055.061
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Chimcomplex Borzesti SA published this content on 29 February 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 March 2024 11:41:05 UTC.
