First Quarter Report 2023

Report date: 15.05.2023

Issuer Name: ARTEGO S,A.

Headquarters: Tg. Jiu, Ciocirlau street no. 38, Gorj County.

Registration no.at ORC: J18/1120/1991

VAT: RO215748

Capital : 20.286.865 lei

Trading market: BVB Market

This report shows:

  1. the financial statements as of 31 March 2023, prepared according to IFRS,

namely:

-Situation of the financial position

  • Overall result
    1. explanatory notes;
    2. Statement of changes in equity at 31.03.2023
    3. Statement of cash flows at 31.03.2023
    4. the economic and financial indicators mentioned in Annex 13 of ASF Regulation no. 5/2018;

We mention that the financial information as of 31 March 2023 was not audited.

Individual Financial Statements

FINANCIAL POSITION SITUATION ON 31.12.2022 and 31.03.2023

(Amounts are expressed in RON unless otherwise stated)

Name of indicators

31/12/2022

31/03/2023

ASSETS

Fixed assets

38,205,805

37,457,414

Tangible assets

30,939,410

30,561,469

Intangible assets

7,266,395

6,895,945

Financial asse

Current assets

98,697,503

103,748,703

Stocks

56,550,742

60,250,312

Commercial receivables

40,995,672

42,628,208

Financial assets of which

14,397

14,397

available for sale

14,397

14,397

Cash and cash equivalents

820,842

526,944

Prepayments

315,850

328,842

TOTAL ASSETS

136,903,308

141,206,117

OWN CAPITAL AND LIABILITIES

Own capitals

Subscribed and paid-up share capital

20,286,865

20,286,865

Other equity items

661,421

650,315

Reserves from reevaluation

27,950,677

27,850,242

Legal reserves

4,057,373

4,057,373

Other reserves

26,893,424

26,893,424

Own actions

Social Capital Adjustment

89,052,449

89,052,449

Reported result( without IAS 29)

2,207,048

13,632,796

Reported result( with IAS 29)

-89,052,449

-89,052,449

Current profit

12,315,948

3,135,408

Profit Distribution

-842,092

Total own capitals

93,530,664

96,506,423

Long-term debt

Investment grants

701

-

Other long-term debts

7,827

7,914

Long-term provisions

Total long-term debt

8,528

7,914

Current debts

Investment grants

8,223

6,779

Commercial and other debts

10,015,927

13,483,106

Short-term loans

23,873,084

22,363,958

Tax and current tax liabilities

9,466,882

8,837,937

Short-term provisions

Total current debts

43,364,116

44,691,780

Total debts

43,372,644

44,699,694

TOTAL OWN CAPITALS AND DEBTS

136,903,308

141,206,117

SITUATION OF THE GLOBAL RESULT

at 31 march 2023

Crt

NAME OF INDICATORS

31.03.2023

No.

31.03.2022

1.

Net turnover of which

43.683.713

45.129.259

Revenues from the sold production

43.214.461

44.534.420

Revenues from the sale of goods

522.813

624.140

Commercial discounts granted

53.561

29.301

2.

Revenues from stored production

13.489.031

7.217.371

3.

Revenues from the production of fixed assets

626.702

24.522

4.

Revenues from fixed assets intended for sale

-

-

5.

Other revenues from exploitation

151.523

49.932

6.

Other operating revenues

210.306

947.072

I.

OPERATING INCOME

58.161.275

53.368.156

7.

Expenditure on goods

500.912

578.339

8.

Material expenses

37.491.886

32.748.507

9.

Expenses with works and services performed by

1.719.116

1.640.293

third parties

10.

Expenses with taxes and fees

305.354

328.977

11.

Staff costs

12.209.621

12.891.490

12.

Other operating expenses

106.172

715.656

13.

Depreciation and amortization expenses

1.046.110

945.826

II.

OPERATING EXPENDITURE

53.379.171

49.849.088

A.

RESULT FROM EXPLOITATION

- PROFIT

4.782.104

3.519.068

- LOSS

III.

FINANCIAL REVENUES

27.932

304.342

IV.

FINANCIAL EXPENSES

321.762

439.731

B.

FINANCIAL RESULT

-293.830

-135.389

V.

EXCEPTIONALREVENUES

VI.

EXCEPTIONAL EXPENSES

C.

EXCEPTIONAL RESULT (LOSS)

VII.

TOTAL REVENUES

58.189.207

53.672.498

VIII

TOTAL EXPENSES

53.700.933

50.288.819

D.

GROSS RESULT

- PROFIT

4.488.274

3.383.679

- LOSS

TAX

701.137

259.377

E

REVENUES FROM BENEFIT FROM PROFIT

12.713

11.106

F.

NET RESULT

- PROFIT

3.799.850

3.135.408

- LOSS

G.

Number of shares

8.114.746

8.114.746

H.

Output per share

0,468

0,386

Notes to the financial statements

For the financial year ended 31 March 2023

1. The reporting entity

SC ARTEGO SA TG-JIU, (Society) is established in 1991 and operates in Romania in accordance with the provisions of Law 31/1990 on the commercial companies and Law 297/2004 on the capital market.

The company is based in Ciocarlau Street, no. 38 , Tg-Jiu, Gorj county.

According to the statute, the main activity of the company has the CAEN code 2219 - "Manufacture of other rubber products". The record of the shares and the shareholders is kept under the conditions of the law by the Central Depository.

2. Basics of drawing up

  1. Declaration of conformity

The separate financial statements have been prepared in accordance with the International Financial Reporting Standards ("IFRS") adopted by the European Union and in accordance with the provisions of OMFP 2844/2016 with subsequent amendments and completions.

The Company applies International Financial Reporting Standards as approved by the European Union at the preparation of the separate financial statements ended 31 March 2018, in accordance with OMF no. 881/2012. This order states that starting with the 2012 financial year, the annual financial statements will be drawn up in accordance with the IFRS, this order being applicable to the companies whose securities are admitted to trading on a regulated market.

The Company's accounting records are maintained in RON in accordance with the Romanian Accounting Regulations ("RCR"). These accounts have been restated to reflect the differences between RCR and IFRS accounts. Accordingly, RCR accounts were adjusted, if necessary, to harmonize these separate financial statements in all material respects , with IFRS.

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ARTEGO SA published this content on 15 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2023 15:14:22 UTC.