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Aerostar S.A. — Earnings Release 2015
Feb 15, 2016
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Earnings Release
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15.02.2016
PRESS RELEASE PRELIMINARY FINANCIAL RESULTS OF THE YEAR 2015
S.C. AEROSTAR S.A. BACAU releases "The Preliminary Financial Results of the year 2015".
The preliminary financial results presented are not audited, being prepared in accordance with the applicable accounting standards.
The reporting comprises:
- Individual preliminary statement of the financial position for the financial year ended 31 December 2015
- Individual preliminary statement of the profit or loss for the financial year ended 31 December 2015.
The preliminary financial results can be consulted on the company website starting with 15 February 2016, hours 800 am at: www.aerostar.ro./secţiunea Raportãri legale / Raportari periodice /Anul 2016.
www.aerostar.ro/ Legal Reports , respectively.
PRESIDENT OF THE BOARD OF DIRECTORS, GRIGORE FILIP
VICEPRESIDENT OF THE BOARD OF DIRECTORS, DORU DAMASCHIN
S.C. AEROSTAR S.A. INDIVIDUAL PRELIMINARY STATEMENT OF THE FINANCIAL POSITION FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015
(all amounts are stated in thousands lei unless specified otherwise)
| 31.dec 2015 |
31.dec 2014 |
|
|---|---|---|
| ASSETS | ||
| Immobilized Assets | ||
| Tangible Immobilizations | 142.278 | 119.987 |
| Intangible Immobilizations | 2.006 | 1.561 |
| Investments in Real Estate | 6.248 | 7.642 |
| Financial Immobilizations | 212 | 477 |
| Total immobilized assets | 150.744 | 129.667 |
| Circulating Assets | ||
| Stocks | 43.562 | 37.380 |
| Commercial Receivables and other receivables | 57.194 | 40.643 |
| Cash and cash equivalents | 101.299 | 92.426 |
| Total circulating assets | 202.055 | 170.449 |
| Receivables related to tax on deferred profit | 6.546 | 4.588 |
| Expenses in advance | 434 | 408 |
| Total Assets | 359.779 | 305.112 |
| COMPANY CAPITALS AND DEBTS | ||
| Capital and Reserves | ||
| Registered capital | 48.729 | 48.729 |
| Current Result | 52.268 | 19.744 |
| Result carried forward | 57.382 | 57.295 |
| Other reserves | 34.773 | 13.829 |
| Debts related to tax on deferred profit recognized | ||
| on account of company capitals | 9.884 | 6.524 |
| Profit distribution for legal reserve | (21.517) | (3.322) |
| Total company capitals | 181.519 | 142.799 |
| Long term debts | ||
| Subsidies for investments | 16.875 | 9.902 |
| Revenues registered in advance | 0 | 1.012 |
| Total long term debts | 16.875 | 10.914 |
| Provisions on long term | 70.086 | 67.044 |
| Current debts | ||
| Commercial debts | 34.497 | 39.727 |
| Debt with tax on current profit | 1.970 | 4.231 |
| Other current debts | 14.222 | 12.983 |
| Total current debts | 50.689 | 56.941 |
| Provisions on short term | 40.610 | 27.414 |
| Total provisions | 110.696 | 94.458 |
| Total debts | 67.564 | 67.855 |
| Total company capitals, debts and provisions | 359.779 | 305.112 |
General Director Financial Director Grigore Filip Doru Damaschin
(all amounts are stated in thousands lei unless specified otherwise) S.C. AEROSTAR S.A. INDIVIDUAL PRELIMINARY STATEMENT OF THE PROFIT OR LOSS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2015
| 31.dec 2015 |
31.dec 2014 |
|
|---|---|---|
| Revenues from sales | 329.764 | 261.051 |
| Other revenues | 1.697 | 1.263 |
| Revenues related to stocks of products and production in progress |
7.710 | 5.758 |
| Revenues from production of immobilizations | 854 | 848 |
| Total Revenues from Operations | 340.025 | 268.920 |
| Cheltuieli | ||
| Expenses with materials | (120.553) | (95.399) |
| Expenses with employees' benefits | (89.049) | (82.422) |
| Expenses with amortization of immobilizations | (12.477) | (11.009) |
| Influence of adjustments related to current assets | (7.428) | (1.521) |
| Influence of adjustments related to provisions | (16.238) | (27.329) |
| Expenses related to external services | (32.672) | (22.578) |
| Other expenses | (3.042) | (4.615) |
| Total Expenses with Operations | (281.459) | (244.873) |
| Profit from Operations | 58.566 | 24.047 |
| Financial Revenues | 11.817 | 7.414 |
| Financial Expenses | (10.829) | (6.460) |
| Financial Profit | 988 | 954 |
| Profit before tax | 59.554 | 25.001 |
| Tax on current profit and deferred | (7.286) | (5.257) |
| Net profit of the financial year | 52.268 | 19.744 |
General Director Financial Director Grigore Filip Doru Damaschin
S.C. AEROSTAR S.A. BACAU Strada Condorilor nr. 9
NOTE
The Board of Directors of S.C. AEROSTAR S.A. BACAU intends to propose for the approval of the Ordinary General Meeting of Shareholders the distribution of the net profit of the year 2015 as follows:
| Net profit of the financial year 2015 |
52.268.445,04 lei |
|---|---|
| - Distribution of reinvested profit legal reserve as |
21.517.324,72 lei |
| - Distribution statutory reserve for working capital as |
17.959.814.52 lei |
| - Distribution dividends as (gross dividend per share: 0.084 lei) |
12.791.305,80 lei |
PRESIDENT OF THE BOARD OF DIRECTORS & GENERAL DIRECTOR GRIGORE FILIP
VICEPRESIDENT OF THE BOARD OF DIRECTORS & FINANCIAL DIRECTOR DORU DAMASCHIN