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:
- the financial statements as of 31 March 2023, prepared according to IFRS,
namely:
-Situation of the financial position
- Overall result
- explanatory notes;
- Statement of changes in equity at 31.03.2023
- Statement of cash flows at 31.03.2023
- 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
- 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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Disclaimer
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.