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Siguldas CMAS
Quarterly Report • Nov 21, 2024
2236_rns_2024-11-21_b76ad856-d31e-45e9-b7eb-e383c7cc743c.pdf
Quarterly Report
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Joint Stock Company 'SIGULDAS CILTSLIETU UN MĀKSLĪGĀS APSĒKLOŠANAS STACIJA'
Unaudited financial information
for the nine months
of the year 2024
Index of Contents
| Information on the Company | 3 |
|---|---|
| Profit or Loss Account | 4 |
| Balance sheet | 5 |
| Cash flow statement | 7 |
| Statement on changes in shareholders' equity | 8 |
| Report on Management Liability | 9 |
Page
Information on the Company
| Company's name | SIGULDAS CILTSLIETU UN MĀKSLĪGĀS APSĒKLOŠANAS STACIJA |
|---|---|
| Company's legal status | Joint stock company |
| Registration number, place and date | 40003013295, Riga, 26 July 1991 |
| Registration in the Commercial Register on 19 June 2004 | |
| Legal address | 'Kalnabeites 8', Sigulda, Sigulda municipality, LV-2150 |
| Shareholders holding more than 5% of the total number of voting shares |
'Siguldas mākslīgās apsēklošanas stacija' Ltd. (49.80%), registration No. 40003311954 |
| SCI AG (8.07%) Bartholomäus-Arnoldi-Str. 82, DE-61250 Usingen, Germany |
|
| Oļegs Radčenko (5.17%) | |
| Members of the Management Board | Nils Ivars Feodorovs, chairman of the Management Board Sarmīte Arcimoviča, member of the Management Board Valda Mālniece, member of the Management Board |
| Members of the Supervisory Board | Inita Bedrīte, chairwoman of the Supervisory Board Guntis Mecaucis, deputy chairman of the Supervisory Board Līga Kubuliņa, member of the Supervisory Board Baiba Mecauce, member of the Supervisory Board Guntis Mecaucis, member of the Supervisory Board |
| Reporting period | 01.01.2024 – 30.09.2024 |
| Previous reporting period | 01.01.2023 – 30.09.2023 |
| Auditors | Olga Kuzmiča Sworn Auditor Certificate No. 207 |
| 'Orients Audit & Finance' Ltd. Gunāra Astras street 8B Riga, LV-1082, Latvia Sworn Auditors' Commercial Company's license No. 28 |
Profit or loss account
| 30.09.2024 EUR |
30.09.2023 EUR |
|
|---|---|---|
| Net sales | 1 193 264 | 1 121 191 |
| a) from agricultural activities | 1 193 264 | 1 121 191 |
| Changes in stock of ready-made goods and unfinished products | 17 369 | 42 717 |
| Other operating income | 63 035 | 35 008 |
| Costs of materials: | (683 304) | (594 011) |
| a) raw materials and auxiliary costs of materials | (619 998) | (527 485) |
| b) other external costs | (63 306) | (66 526) |
| Personnel costs: | (386 029) | (367 207) |
| a) salaries for work | (300 757) | (287 470) |
| b) state social insurance compulsory contributions | (71 778) | (69 556) |
| c) other social insurance costs | (13 494) | (10 181) |
| Depreciation adjustments: | (64 687) | (66 884) |
| a) depreciation adjustments of fixed and intangible assets | (64 687) | (66 881) |
| b) depreciation adjustments of current assets which the company considers to be above the normal write-off amounts |
- | (3) |
| Other operating costs | (50 381) | (49 739) |
| Interest payments and similar costs: | (4 836) | (4 761) |
| a) to other persons | (4 836) | (4 761) |
| Profit or loss before enterprise income tax | 84 431 | 116 314 |
| Enterprise income tax for the reporting year | (40) | (56) |
| Profit or loss after enterprise income tax calculation | 84 391 | 116 258 |
| The profit or loss for the year | 84 391 | 116 258 |
| Earnings per 1 share (EPS) | 0.200 | 0.275 |
Chairman of the Management Board
Nils Ivars Feodorovs Sarmīte Arcimoviča Valda Mālniece Member of the Management Board
Member of the Management Board, Manager of the Financial and Accounting department
Balance sheet
| Assets | 30.09.2024 EUR |
31.12.2023 EUR |
|---|---|---|
| Long-term investments | ||
| Intangible assets | ||
| Concessions, patents, licenses, trademarks and similar rights |
- | - |
| Intangible assets total | - | - |
| Fixed assets (fixed assets and investment properties) | ||
| Fixed assets | ||
| Immovable properties - land parcels, buildings and | ||
| constructions | 93 436 | 100 639 |
| Productive animals | 20 491 | 26 561 |
| Technological equipment and machinery | 110 949 | 131 494 |
| Other fixed assets and inventory | 51 937 | 48 019 |
| Fixed assets total | 276 813 | 306 713 |
| Investment properties | 136 000 | 136 000 |
| Long-term financial investments | ||
| Other securities and investments | 684 | 684 |
| Long-term financial investments total | 684 | 684 |
| Long-term investments total | 413 497 | 443 397 |
| Current assets | ||
| Stock | ||
| Raw materials, basic materials and auxiliary materials | 16 288 | 16 129 |
| Ready-made goods and goods for sale | 994 091 | 1 001 456 |
| Prepayments for goods | 17 499 | - |
| Stock total | 1 027 878 | 1 017 585 |
| Receivables | ||
| Trade receivables | 556 232 | 416 612 |
| Other receivables | 3 469 | 86 |
| Prepaid expenses | 5 708 | 10 553 |
| Accrued income | 20 544 | 23 855 |
| Receivables total | 585 953 | 451 106 |
| Cash | 127 726 | 154 235 |
| Current assets total | 1 741 557 | 1 622 926 |
| Assets total | 2 155 054 | 2 066 323 |
Balance sheet
| Shareholders' equity and liabilities | 30.09.2024 EUR |
31.12.2023 EUR |
|---|---|---|
| Shareholders' equity | ||
| Share capital | 591 416 | 591 416 |
| Retained earnings or loss carried forward from previous years | 1 219 399 | 1 175 086 |
| Profit or loss of the reporting year | 84 391 | 65 435 |
| Shareholders' equity total | 1 895 206 | 1 831 937 |
| Payables | ||
| Long-term payables | ||
| Other loans | 90 278 | 64 415 |
| Long-term payables total | 90 278 | 64 415 |
| Short-term payables | ||
| Other loans | 5 947 | 18 271 |
| Prepayment received from customers | 680 | 884 |
| Trade payables | 82 267 | 65 279 |
| Taxes and social insurance payments | 42 900 | 44 828 |
| Other payables | 20 742 | 20 661 |
| Accrued liabilities | 17 034 | 20 048 |
| Short-term payables total | 169 570 | 169 971 |
| Payables total | 259 848 | 234 386 |
| Shareholders' equity and liabilities total | 2 155 054 | 2 066 323 |
Chairman of the Management Board
20 November 2024
Nils Ivars Feodorovs Sarmīte Arcimoviča Valda Mālniece Member of the Management Board
Member of the Management Board, Manager of the Financial and Accounting department
Cash flow statement
| 30.09.2024 EUR |
30.09.2023 EUR |
|
|---|---|---|
| Cash flow from operating activities | ||
| Income from sale of goods and provision of services | 1 370 581 | 1 200 836 |
| Payments to suppliers, employees, other expenses arising | ||
| from basic operations | (1 357 694) | (1 309 795) |
| Gross cash flow from basic operations | 12 887 | (108 959) |
| Expenses for interest payments | (4 836) | (4 761) |
| Expenses for enterprise income tax payments | (2 583) | (56) |
| Net cash flow from operating activities | 5 468 | (113 776) |
| Cash flow from investing activities | ||
| Purchase of fixed assets and intangible investments | (33 431) | (26 199) |
| Income from dispossession of fixed assets | 38 668 | 6 728 |
| Net cash flow from investing activities | 5 237 | (19 471) |
| Cash flow from financing activities | ||
| Subsidies received as a state support | 3 156 | 552 |
| Expenses for the redemption of a leased fixed asset | (15 252) | (47 663) |
| Dividends paid | (21 122) | - |
| Net cash flow from financing activities | (33 218) | (47 111) |
| Result of foreign exchange rate fluctuations | (3 996) | (3 647) |
| Net increase or decrease of cash and its equivalents | (26 509) | (184 005) |
| Cash and its equivalents balance at the beginning of the | ||
| reporting year | 154 235 | 302 771 |
| Cash and its equivalents balance at the end of the reporting | ||
| year | 127 726 | 118 766 |
Chairman of the Management Board
Nils Ivars Feodorovs Sarmīte Arcimoviča Valda Mālniece Member of the Management Board
Member of the Management Board, Manager of the Financial and Accounting department
Statement on changes in shareholders' equity
| Share capital |
Retained earnings carried forward from previous years |
Profit of the reporting year |
Shareholders' equity total |
|
|---|---|---|---|---|
| EUR | EUR | EUR | EUR | |
| 31.12.2022 | 591 416 | 1 031 686 | 143 400 | 1 766 502 |
| Profit of 2022 transferred to retained earnings of previous years Profit of the reporting year |
- - |
143 400 - |
(143 400) 116 258 |
- 116 258 |
| 30.09.2023 | 591 416 | 1 175 086 | 116 258 | 1 882 760 |
| 31.12.2023 | 591 416 | 1 175 086 | 65 435 | 1 831 937 |
| Profit of 2023 transferred to retained earnings of previous years Dividends distributed Profit of the reporting year |
- - - |
65 435 (21 122) - |
(65 435) - 84 391 |
- (21 122) 84 391 |
| 30.09.2024 | 591 416 | 1 219 399 | 84 391 | 1 895 206 |
Chairman of the Management Board
Nils Ivars Feodorovs Sarmīte Arcimoviča Valda Mālniece Member of the Management Board
Member of the Management Board, Manager of the Financial and Accounting department
Report on Management Liability
Based on information at the Management Board's possession the financial information for the nine months of the year 2024 has been prepared according to the effective requirements of legislative enactments and provide a true and fair view of the joint stock company's 'Siguldas ciltslietu un mākslīgās apsēklošanas stacija' assets, liabilities, financial condition and profit, and the management report contains true information.
Financial information is prepared in accordance with the same item recognition and assessment principles which were used in the preparation of the annual report.
Financial information for the nine months of the year 2024 has not been audited by a sworn auditor.
Nils Ivars Feodorovs Sarmīte Arcimoviča Valda Mālniece
Chairman of the Management Board
Member of the Management Board, Manager of the Production and Marketing department
Member of the Management Board, Manager of the Financial and Accounting department