TOOLUX SANDING S.A. TOOLUX SANDING S.A
Registered office: 3B, Boulevard du Prince Henri
L-1724 LUXEMBOURG
R.C.S Luxembourg B-142.041
Unaudited Consolidated Interim
Financial Statements for the period
From January 1, 2018 until June 30, 2018
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
(euros)
From January 1, 2018 to June 30, 2018
TOOLUX SANDING SA
ITEMS | June 30, 2018 | December 31,2017 | June 30, 2017 |
NON CURRENT ASSETS : | |||
Property, plant and equipment | 17 928 239 | 17 640 654 | 11 376 822 |
Less:Accumulated depreciation | -5 905 325 | -5 873 617 | -5 400 129 |
Property, plant and equipment (net value) | 12 022 914 | 11 767 037 | 5 976 693 |
Construction in progress | 636 214 | 428 567 | 6 743 541 |
Intangible assets | 833 379 | 830 015 | 842 381 |
Long-term investment | 159 144 | 157 254 | 158 593 |
Long-term prepaid assets | 48 732 | 114 524 | 44 264 |
Deferred tax assets | |||
TOTAL NON CURRENT ASSETS | 13 700 383 | 13 297 397 | 13 765 472 |
CURRENT ASSETS: | |||
Inventories | 2 226 307 | 1 546 142 | 1 382 272 |
Trade debtors | 2 403 468 | 2 627 365 | 2 082 445 |
Other receivable | 8 963 098 | 8 925 163 | 9 985 223 |
Advances to suppliers | 7 162 150 | 6 977 970 | 7 651 025 |
Cash and cash equivalents | 5 787 853 | 6 026 307 | 6 267 827 |
TOTAL CURRENT ASSETS | 26 542 876 | 26 102 947 | 27 368 792 |
TOTAL ASSETS | 40 243 259 | 39 400 344 | 41 134 264 |
CURRENT LIABILITIES: | |||
Bank borrowings | 20 846 247 | 20 501 256 | 22 316 986 |
Notes payable | 256 266 | ||
Trade creditors | 2 009 248 | 1 465 596 | 1 704 996 |
Advances received from customers | 2 202 184 | 199 843 | 190 102 |
Accrued payroll | 117 114 | 116 896 | |
Welfare benefits payable | 30 895 | 165 437 | 30 788 |
Taxes payable | 133 991 | 192 308 | 210 894 |
Other levies payable | 3 926 | 10 502 | |
Other payable | 5 067 101 | 4 351 221 | 4 114 421 |
TOTAL CURRENT LIABILITIES | 30 410 706 | 27 142 429 | 28 685 083 |
OWNERS'/SHAREHOLDERS' EQUITY | |||
Subscribed capital | 1 753 667 | 1 753 667 | 1 753 667 |
Other reserves | 5 767 993 | 7 923 042 | 8 032 843 |
Exchange differences on translating foreign operations | 2 681 667 | 2 688 689 | 2 611 388 |
TOTAL OWNERS' EQUITY | 10 203 327 | 12 365 398 | 12 397 898 |
Non-controlling interests | -370 774 | -107 483 | 51 283 |
TOTAL LIABILITIES & OWNERS' EQUITY | 40 243 259 | 39 400 344 | 41 134 264 |
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
(euros)
TOOLUX SANDING SA
ITEMS | From January 1, 2018 | From January 1, 2017 | From January 1, 2017 | ||||
to June 30,2018 | to December 31,2017 | to June 30,2017 | |||||
SALES OF MAIN OPERATIONS | 6 105 831 | 12 | 421 | 570 | 5 | 729 | 254 |
Less:cost of main operations | -4 610 786 | -8 | 862 | 566 | -3 | 882 | 565 |
GROSS PROFIT | 1 495 045 | 3 559 004 | 1 846 689 | ||||
Add: Income from other operations | 41 866 | 102 | 578 | 21 | 511 | ||
Less: Selling | expenses | -293 537 | -567 936 | -287 286 | |||
Less: General | and administrative expenses | -1 777 540 | -2 | 262 | 870 | -1 162 | 092 |
Less: Financial expenses | -726 115 | -1 | 333 | 446 | -729 | 452 | |
OPERATING INCOME | -1 260 281 | -502 670 | -310 630 | ||||
Investment income(loss expressed with "-") | -149 236 | 107 | 788 | ||
Non-operating income | 195 | 197 | 749 | 7 | 628 |
Less:Sales tax and additions | -37 563 | -68 | 611 | -33 | 116 |
Less:Non-operating expenses | -255 598 | -14 | 233 | -3 | 719 |
PROFIT BEFORE TAX (LOSS EXPRESSED WITH "-") | -1 553 247 | -537 001 | -232 049 | ||
Less: Income tax | -32 232 | -32 | 568 | ||
TOTAL COMPREHENSIVE INCOME FOR THE YEAR | -1 585 479 | -569 569 | -232 049 | ||
PROFIT PER SHARE (BASIC AND DILUTED) | -0,90 | -0,32 | -0,13 |
Toolux Sanding SA
Notes to the Consolidated Interim Financial Statements for the
six months period ended June 30, 2018
- General Information
The consolidated financial statements of Toolux Sanding SA ("the Company") and its subsidiaries (collectively referred as "the Group") are prepared for the six months period ended June 30, 2018.
The registered office is located at 3B, boulevard du Prince Henri, L-1724 Luxembourg.
The company was incorporated on 2th October 2008 as a Société Anonyme with a fully paid share capital of Euros 350 000.
On 13th October 2008, the directors increased, by a contribution in kind, the capital of the Company by 1 000 000 euros to bring it from 350 000 euros to 1 350 000 euros by the issuance of 1 000 000 new shares with a nominal value of 1 euro each.
The contribution in kind was represented by 100 % of the share capital of Giant Dragon Holdings Ltd (Samoa), a company incorporated in Samoa on 17th January 2007 with registered number 30466 and located at Level 2, Nia Mall, Vaea Street, Apia, Samoa. The contribution in kind value was based on Giant Dragon Holdings Ltd net asset value as at June 30, 2008.
On December 17, 2008, in connection with the admission of the Company on Alternext Market of Euronext Paris, the board of directors realized an increase of the issued share capital paid up in cash to bring it from 1 350 000 Euros to 1 753 667 Euros (1 753 667 shares of 1 euro each). The total amount of the contribution is five million eighty-two thousand one hundred and sixty seven Euros fifty three cents (EUROS 5 082 167,53) represented by four hundred and three thousand six hundred and sixty seven Euros (403 667) for the capital and four million six hundred and seventy-eight thousand five hundred euro fifty three cents (4 678 500,53 Euros) for the share premium.
On December 2, 2008, the company acquired from Giant Dragon Holdings Ltd, for a consideration of 2 998 000 usd, 100 % of the share capital of Shaoxing Sanding Tools Ltd, a Chinese company with registered office at Industrial Park, Ganlin Town, Shenghzou City, Zhejiang Province, China.
The principal activities of Shaoxing Sanding Tools and of its subsidiary, Zhejiang Sanding Tools are the manufacturing and selling of plastic and metal tools.
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Toolux Sanding SA published this content on 08 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 November 2022 03:03:02 UTC.
