Separate preliminary financial statements for the
12-month period ended December 31, 2021 (unaudited)
Prepared in accordance with
Minister of Finance no. 2844/2016 for the approval of the Accounting Regulations compliant with the International Financial Reporting Standards adopted by the European Union
ELECTROMAGNETICA SA
CONTENTS
PRELIMINARY SEPARATE STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME
PRELMINARY SEPARATE STATEMENT OF FINANCIAL POSITION
PRELIMINARY SEPARATE STATEMENT OF CASH FLOWS
PRELIMINARY SEPARATE STATEMENT OF CHANGES IN EQUITY
NOTES TO THE PRELIMINARY SEPARATE FINANCIAL STATEMENTS
PAGE
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ELECTROMAGNETICA SA
PRELIMINARY SEPARATE STATEMENT OF PROFIT OR LOSS AND
OTHER COMPREHENSIVE INCOME
FOR THE 12- MONTH PERIOD ENDED DECEMBER 31,2021 (UNAUDITED) (all amounts are expressed in RON,unless otherwise specified)
Q4Q4
20212020
64,799,148 70,298,051
4,10861,201
3,309,833 8,431,060
1,428,891 1,563,228
Year | Year | ||||
Note | 2021 | 2020 | |||
Revenues | 4.1 | 340,745,893 | 283,151,730 | ||
Investment income | 338,665 | 932,082 | |||
Other net income and | 3,909,884 | 10,794,514 | |||
expenses | |||||
Changes in inventories of | |||||
finished goods and work in | 6,672,706 | 7,934,317 | |||
progress |
2,434,910
-44,765,473-8,573,864-2,018,241-12,212,332-346,857
4,060,124
524,305
4,584,429
91,032
-54,359,834-7,884,769-2,285,771-12,503,792-3,313,094
97,313
680,783
778,096
Own work capitalized
Raw materials and consumables used
Employee-related expenses
Expenses related to depreciation and impairment
Other expenses
Financial expenses
Loss/Profit before tax
Income tax
Loss/Profit of the period
Other comprehensive income:
of which:
Other comprehensive income thatcannot be reclassified to profit or loss, of which:
3,978,888
-293,207,949-32,660,256-8,789,780
-36,614,462
-1,193,187
-16,819,598
706,132
-16,113,467
1,481,686
-219,528,624-30,490,094-10,199,234-37,943,201
-3,947,166
2,186,009
138,292
2,324,301
47,508,201-
-7,601,312-
310,169-
44,801,487 778,096
- Revaluation surplus for tangible assets
- Deferred tax recognized in equity
- Restatement of deferred tax for revaluation of assets written off
Rezultat global al perioadei
47,508,201-
-7,601,312-
311,570338
24,104,992 2,324,639
These preliminary separate financial statements were approved for issue by the management as at February 17, 2022:
EUGEN SCHEUŞAN | CRISTINA FLOREA |
Managing Director | Economic Manager |
2
ELECTROMAGNETICA SA
PRELIMINARY SEPARATE STATEMENT OF FINANCIAL POSITION
AS AT DECEMBER 31,2021 (UNAUDITED)
(all amounts are expressed in RON, unless otherwise specified)
December 31, | December 31, | ||||
Note | 2021 | 2020 | |||
ASSETS | |||||
Non-current assets | |||||
Property,plant and equipment | 4.2 | 319,558,500 | 275,703,825 | ||
Investment property | 4.2 | 14,649,783 | 11,114,654 | ||
Intangible assets | 4.2 | 141,598 | 291,521 | ||
Investments in related entities | 841,908 | 841,408 | |||
Other long-term non current assets | 4.2 | 14,540,480 | 19,804,010 | ||
Assets related to the rights of use | 1,433,898 | 2,085,114 | |||
Total non-current assets | 351,166,167 | 309,840,532 | |||
Current assets | |||||
Inventories | 4.2 | 18,121,309 | 13,402,675 | ||
Trade receivable | 4.2 | 71,277,365 | 58,611,348 | ||
Cash and cash equivalents | 4.2 | 2,923,410 | 20,108,460 | ||
Other current assets | 2,069,666 | 1,882,350 | |||
Current tax assets | 599,937 | 949,937 | |||
Total current assets | 94,991,688 | 94,954,770 | |||
Total assets | 446,157,855 | 404,795,302 | |||
EQUITY AND LIABILITIES | |||||
Equity | |||||
Share capital | 67,603,870 | 67,603,870 | |||
Reserves and other equity | 4.2 | 216,140,275 | 176,146,894 | ||
Retained earnings | 4.2 | 75,584,806 | 91,473,196 | ||
Total equity attributable to company's | |||||
shareholders | 359,328,951 | 335,223,960 | |||
Non-current liabilities | |||||
Trade payables and other liabilities | 1,737,076 | 1,168,772 | |||
Investment subsidies | 4,083,869 | 4,247,088 | |||
Deferred tax liabilities | 4.2 | 23,318,956 | 16,735,345 | ||
Leasing debts | 794,234 | 1,312,782 | |||
Total non-current liabilities | 29,934,135 | 23,463,987 | |||
Current liabilities | |||||
Trade payables and other liabilities | 4.2 | 53,709,372 | 42,982,576 | ||
Investment subsidies | 163,219 | 163,219 | |||
Provisions | 2,341,163 | 2,156,891 | |||
Current income tax liabilities | - | - | |||
Leasing debts | 681,015 | 804,669 | |||
Total current liabilities | 56,894,768 | 46,107,356 | |||
Total liabilities | 86,828,904 | 69,571,343 | |||
Total equity and liabilities | 446,157,855 | 404,795,302 |
These preliminary separate financial statements were approved for issue by the management as at February 17, 2022:
EUGEN SCHEUŞAN | CRISTINA FLOREA |
Managing Director | Economic Manager |
3
ELECTROMAGNETICA SA
PRELIMINARY SEPARATE STATEMENT OF CASH FLOWS
FOR THE 12-MONTH PERIOD ENDED DECEMBER 31,2021 (UNAUDITED)
(all amounts are expressed in RON,unless otherwise specified)
Q | Q4 | Anul | Anul | |||
2021 | 2020 | 2021 | 2020 | |||
Cash flows from operating activities: |
66,981,924 -49,757,087-7,616,281-17,863,974
-8,255,418
-152,958
-8,408,376
-47,652
-
4,244
-
-43,407
18,020,684
-10,404,352-267,145-15,918-4,834
7,328,435
-1,123,348
4,046,759
2,923,410
62,700,106 -48,126,632-7,339,340-5,767,879
1,466,256
-904
1,465,353
-69,597
46,529
72,916
-
49,847
9,009,584
-9,009,584-317,437-20,468 313,715
-24,190
1,491,010
18,617,450
20,108,460
Cash receipts from customers
Payments to suppliers
Payments to employees
Other operating activities
Cash generated by/ (used in) operating activities
Interest paid
Income tax paid
Net cash used in operating activities
Cash flows from investing activities: Acquisition of property, plant and equipment
Proceeds from sale of non-current-assets Interest received
Dividends received
Net cash used in investing activities
Cash flows from financing activities:
Proceeds from loans
Cash repayments of amounts borrowed
Paid leasing
Interest paid
Dividends paid
Net cash used in financing activities
Net (decrease)/increase of cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
306,040,320 -280,003,053-30,902,954-31,107,741
-35,973,428
-380,531
-
-36,353,959
-922,052
25,000
48,029
291,009
-558,014
95,904,347
-75,002,540-1,078,259-74,089-22,536
19,726,923
-17,185,050
20,108,460
2,923,410
269,512,673 -213,497,721-30,210,304-23,666,376
2,138,273
-25,010-649,137
1,464,125
-844,660
46,529
298,949
637,245
138,063
43,070,898
-43,070,898-1,250,651-83,838-1,870,422
-3,204,911
-1,602,723
21,711,183
20,108,460
These preliminary separate financial statements were approved for issue by the management as at February 17, 2022:
EUGEN SCHEUŞAN | CRISTINA FLOREA |
Managing Director | Economic Director |
4
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ELECTROMAGNETICA SA published this content on 18 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 February 2022 06:50:09 UTC.