Turbomecanica S.A.

Annual / Quarterly Financial Statement • Feb 28, 2022

Bd. Iuliu Maniu Nr. 244 District 6 Zip Code 061126 Bucharest - Romania Tel .: (+4) 021 434 32 06; (+4) 021 434 07 41 Fax: (+4) 021 434 07 94 European Unique Identifier (EUID) ROONRC.J40/533/1991 Commerce Registry Code J40/533/1991 Tax Code RO3156315 Unique Registration Code 3156315 Subscribed share fully paid capital 36,944,247.50 RON www.turbomecanica.ro; e-mail: office@turbomecanica.ro

STATEMENT OF FINANCIAL POSITION AT 31 DECEMBER 2021 PRELIMINARY UNAUDITED FINANCIAL

	31 DECEMBER 2021	31 DECEMBER 2020
ASSETS
Long-term assets
Property, plant and equipment, net	63.583.402	71.703.273
Intangible assets, net	938.549	1.329.012
Contract Asset	-	12.128.057
Other assets	6.000	6.000
Total long-term assets	64.527.951	85.166.342
Current assets
Inventories	59.960.148	31.173.171
Trade receivables	20.244.821	12.372.365
Contract assets	11.371.658	19.601.829
Other receivables	2.196.395	2.717.342
Cash and cash equivalents	18.961.360	5.148.791
Total current assets	112.461.381	71.013.498
Total assets	176.992.332	156.179.840

EQUITY AND LIABILITIES

Capital and reserves
Issued capital	36.944.248	1.024.571.055
Reserves	82.454.086	103.560.022
Retained earnings	(493.290)	(1.019.216.389)
Own shares	(599.408)	(599.408)
Total equity	119.292.216	108.315.279
Long term liabilities
Borrowings	2.055.578	4.242.854
Deferred tax liabilities	4.634.038	4.634.038
Provisions	2.902.678	3.032.342
Total long-term liabilities	9.592.294	11.909.234
Current liabilities
Trade and other liabilities	5.551.768	1.861.529
Borrowings	27.895.049	20.424.538
Current income tax	1.623.607	1.631.433
Provisions	4.122.669	3.708.200
Defferend income	-	2.178
Other current liabilities	8.914.728	8.327.448
Total current liabilities	48.107.821	35.955.326
Total liabilities	57.700.117	47.864.560
Total equity and liabilities	176.992.332	156.179.840

GENERAL DIRECTOR,

RADU VIEHMANN FINANCIAL&COMMERCIAL DIRECTOR, CLAUDIA ANGHEL

STATEMENT OF PROFIT AND LOSS AT 31 DECEMBER 2021 PRELIMINARY UNAUDITED FINANCIAL

	31 DECEMBER 2021	31 DECEMBER 2020
Revenues	130.623.594 -	124.989.037
Other gains and loss Change in inventories of finished goods and	(3.270.526) -	(1.902.451)
work in progress	2.155.274 -	3.135.957
Raw materials and consumables used	(41.843.823) -	(40.424.698)
Employee benefits expense	(53.408.568) -	(49.784.876)
Depreciation and amortisation expense	(10.977.081) -	(8.954.392)
Finance cost, net	(2.036.616) -	(2.110.752)
Other operating expenses	(8.112.643) -	(8.443.802)
Finance income	108.129	161
Profit before taxation	13.237.741	16.504.022
Income tax	(2.897.044)	(3.161.296)
Net Profit	10.340.697	13.342.726

GENERAL DIRECTOR,

RADU VIEHMANN FINANCIAL&COMMERCIAL DIRECTOR, CLAUDIA ANGHEL