Altur S.A. — Interim / Quarterly Report 2020

May 18, 2020

RC J/28/131/1991, CUI: R1520249, SIRUES 281092373, SICOMEX 37122, CONT RO50RNCB3800000000040001, BCR SLATINA str. PITEŞTI, Nr. 114, 230104, SLATINA, jud. OLT, ROMANIA Tel. 0249/436030; 436031; 436032, Fax.0249/436979; 436036

QUARTELY REPORT

in accordance with the provisions of Law no. 24/2017,Regulation ASF no.5/2018 and Code of Bucharest Stock Exchange Report date: 15.05.2020

Name of the issuing company: ALTUR SA Headquarters: Slatina, Piteşti street , Nr.114, Olt Telephone / fax number: 0249/436834; 0249/436037 Unique registration code: RO 1520249 Registering number in the Trade Register: J28 / 131/1991 European Unique Identifier (EUID):ROONRC J28/131/1991 COD LEI: 259400IHBSVL9OOVM346 Subscribed and paid- up capital: 82.438.833,8 RON No.shares/nominal value: 824.388.338 share with nominal value of 0,1 ron Trading Market : Stock Exchange-Bucharest, Standard Category, ALT symbol

1. In the first quarter of 2020, there were no significant events that would have a significant impact on the financial position of ALTUR SA.

Indicator name		Nr	Achieved	Achieved
		Rd	on	on
			31.03.2019	31.03.2020
1. Net turnover (rd. 02+03-04+05)		01	27.648.151	23.780.197
Sold Production (acc. 701+702+703+704+705+706+708)		02	27.647.628	23.778.447
Income from sale of goods (acc. 707)		03	523	1.750
Commercial discounts granted (acc. 709)		04	–	–
Revenue from operating grants related to net turnover (acc. 7411)		05	–	–
2. Income from the cost of inventories of products (acc. 711)	Sold C	06	–	–
	Sold D	07	909.616	356.751
3. Income from the production of real estate and investment property (rd.09+10)		08	29.435	30.264
4. Income from the production of intangible and tangible assets (acc. 721+722)		09	29.435	30.264
5. Income from real estate investment production (acc.725)		10	–	–
6. Income from fixed assets (or disposal groups) held for sale		11	–	–
(acc.753)
7. Income from the revaluation of intangible and tangible assets (acc.755)		12	–	–

2 PROFIT AND LOSS ACCOUNT

8. Revenue from real estate investments (acc.756)	13	–	–
9. Income from biological assets and agricultural products (acc.757)	14	–	–
10. Income from operating grants in case of calamities and similar events (acc.7417)	15	–	–
11. Other operating revenues (acc.758+7419)	16	474.968	229.365
OPERATING REVENUE - TOTAL	17	27.242.938	23.683.075
(rd. 01+06-07+08+11+12+13+14+15+16)
12.a) Expenditure on raw materials and consumables	18	12.905.789	10.888.692
(acc. 601+602-7412)
Other material expenses (acc. 603+604+608)	19	505.652	239.472
b) Other external costs (energy and water) (acc.605-7413)	20	2.669.262	2.233.375
c) Expenditure on goods (acc. 607)	21	523	2.304
Trade discounts received (acc. 609)	22
13. Staff costs (rd. 24+25)	23	7.434.222	7.371.673
a) Salaries and allowances (acc. 641+621+642+643+644-7414)	24	7.278.036	7.214.154
b) Expenditure on insurance and social protection (acc.645-7415)	25	156.186	157.519
14.a) Value adjustments on intangible assets, plant and equipment,	26	1.496.778	1.411.958
investment property and biological assets measured at cost (rd. 27-28)
a.1) Costs (acc. 6811+6813+6816+6817)	27	1.496.778	1.411.958
a.2) Income (acc. 7813+7816)	28	–	–
b) Value adjustments for current assets (rd. 30 - 31)	29
b.1) Costs (acc.654+6814)	30	–	–
b.2) Income (acc. 754+7814)	31	–	–
15. Other operating expenses (rd.33 la 41)	32	2.606.306	1.202.497
15.1Expenditure on external benefits (acc.611+612+613+614+ 622+623+624+625+626+627+628-7416)	33	1.945.470	792.474
15.2Expenses with other taxes, fees and similar charges (acc.635)	34	204.694	175.801
15.3Expenditure on environmental protection (acc.652)	35	108.149	91.030
15.4) Expenses related to fixed assets (or disposal groups) held for sale acc.653)	36	–	–
15.5) Expenses from revaluation of intangible and tangible assets (acc.655)	37	–	–
15.6) Expenditure on real estate investments (acc. 656)	38	–	–
15.7) Expenditure on biological assets and agricultural products (657)	39	–	–
15.8) Expenditure on calamities and other similar events (acc.6587)		–	–
15.9) Other expenses (acc. 6581+6582+6583+6584+6585+6588)	41	347.993	143.192
Adjustments for provisions (rd. 43 - 44)	42	–	–
Costs (acc. 6812)	43	–	–
Income (acc. 7812)	44	–	–
OPERATING EXPENDITURE - TOTAL	45	27.618.532	23.349.971
(rd. 18 la 21-22+23+26+29+32+42)
RESULTS FROM OPERATION:
- Profit (rd. 17- 45)	46	–	333.104
- Loss (rd. 45-17)	47	375.594	–
16. Income from shares held in subsidiaries (acc.7611)	48	–	–
17Income from shares held by associated entities and jointly	49	–	–
controlled entities (acc. 7613)
18. Income from operations with securities and other financial instruments (acc.762)	50	–	–
19. Income from operations with derivatives (acc. 763)	51	–	–
20. Income from exchange rate fluctuations (acc.765)	52	380.424	308.954
21. Interest income (acc.766)	53	269	2
- of which, the income earned from entities in the group	54	–	–
22. other incomes (acc. 7615+764+767+768)	55	–	–

FINANCIAL INCOME - TOTAL (rd.48+49+50+51+52+53+55)	56	380.693	308.956
23. Value adjustments for financial assets and financial investments	57	1.375	1.203
held as current assets (rd.58-59)
Expenditure (acc.686)	58	1.375	1.203
Income (acc. 786)	59	–	–
24Expenditure on operations in securities and other financial	60	–	–
instruments (acc.661)
25. Expenditure on derivative operations (acc.662)	61	–	–
26. Interest charges (acc.666-7418)	62	282.535	209.372
- of which, the income earned from entities in the group	63	–	–
27. Other financial expenses (acc.663+664+665+667+668)	64	414.009	328.767
FINANCIAL EXPENDITURE - TOTAL (rd. 57+60+61+62+64)	65	697.919	539.342
PROFIT OR FINANCIAL LOSS):
- Profit (rd. 56-65)	66	–	–
- Loss(rd. 65-56)	67	317.226	230.386
TOTAL INCOME (rd. 17+56)	68	27.623.631	23.992.031
TOTAL EXPENSES (rd. 45+65)	69	28.316.451	23.889.313
28. GROSS PROFIT OR LOSS
- Profit (rd. 68-69)	70	–	102.718
-Loss (rd. 69-68)	71	692.820	–
29Current income tax (acc. 691)	72	–	–
30. Profit tax deferred (acc. 692)	73	–	–
31. Income from deferred tax (acc. 792)	74	–	–
32. Other taxes not shown in the above items (acc.698)	75	–	–
33. THE PROFIT OR LOSS OF THE REPORTING PERIOD:
- Profit (rd.70-72-73+74-75)	76	–	102.718
- Loss (rd.71+72+73-74+75); (rd.72+73+75-70-74)	77	692.820	–

NR. CRT.	NAME OF THE INDICATOR	CALCULATION METHOD	RESULT
		Current assets
1.	Current liquidity indicator	Current debts	1,4
		Borrowed Capital x100
2.	The indebtedness indicator (%)	Personal capital	10,2
	Flow rate of customer flows	Balance average x 90
3.	(Days)	Turnover	76
		Turnover x 360
4.	Speed of rotation of fixed assets	Fixed assets 90	1,8

The financial statements of the first quarter of 2020 have not been audited.

President of the Board of Directors Dipl.Eng.Niţu Rizea Gheorghe

General Manager Ec. Burcă Sergiu

Chief Financial Officer, Ec. Predut Vasile Cornel