Armatura S.A.

Annual / Quarterly Financial Statement • Feb 25, 2022

ARMĀTURA S.A.

SEPARATE PRELIMINARY FINANCIAL STATEMENTS FOR THE YEAR ENDED ON 31 DECEMBER 2021

PREPARED IN ACCORDANCE WITH THE INTERNATIONAL FINANCIAL REPORTING STANDARDS ADOPTED BY THE EUROPEAN UNION

ARMATURA

CONTENTS

PAGE

PRELIMINARY STATEMENT OF FINANCIAL POSITION
PRELIMINARY STATEMENT OF INCOME AND EXPENSES
PRELIMINARY STATEMENT OF COMPREHENSIVE INCOME	6

ARMĀTURA SA PRELIMINARY STATEMENT OF FINANCIAL POSITION on 31 DECEMBER 2021 (RON)

	01 January	31 December
	2020	2021
Assets Non-current assets
Tangible assets	29.072.291	312.307
Intangible assets Total non-current assets	1.493 29073.784	294 312.601
Current assets
Inventories	489.443	1.484
Clients and other receivables	291.398	11.753.888
Cash and cash equivalents	1.037.481	658.444
Short-term financial assets	0	0
Total current assets Total assets Equity and liabilities	1.818.322 30.892.106	12.413.945 12.726.417
Share capital	18.110.957	18.110.957
Reserves	21.335.091	1.304.075
Balance carried forward	-46.703.442	-10.232.865
Total equity Long-term liabilities Loans	-7.257.394	9.182.167
Finance lease liabilities
Deferred tax liabilities	2.722.530	3.082.559
Suppliers and other liabilities

• 3 -

2.755.530

3.082.599

ARMĀTURA SA PRELIMINARY STATEMENT OF FINANCIAL POSITION on 31 DECEMBER 2021 (RON)

	01 January	31 December
	2020	2021
Current liabilities
Suppliers and other liabilities	9.166.945	437.686
Shareholders - amounts
receivable related to capital	100	100
Loans	26.201.430	()
Provisions for risks and charges	25.495	24.035
Total current liabilities	35.393.970	461.821
Total liabilities	38.149.500	3.544.379
Total equity and liabilities	30.892.106	12.726.417

Administrator, Stoina Vlad Iulian

Drafted by, Ec Rus Dana fur

ARMĀTURA SA PRELIMINARY STATEMENT OF INCOME AND EXPENSE FOR THE YEAR ENDED on 31 DECEMBER 2021 (RON)

	Year ended 31 December 2020	Year ended 31 December 2021
Revenue	5.076.103	2.704.374
Other operating income	20.015	0
Change in stocks of finished goods
and work in progress	-2.205.485	-1.212.620
Raw materials and other materials	-1.060.926	-112.905
Cost of sales	-980.903	-707.049
Staff costs	-1.885.477	-1.016.623
Utilities expenses	-345.178	-375.691
Services provided by third parties	-376.749	-437.905
Amortization and depreciation of
non-current assets	-274.146	-379.127
Net movement in provisions for
other risks and charges	122.369	3.856
Other operating expenses	-430.160	17.690.757
Other income / (losses) - net	1.469.813	1.424.539
Operating profit	-1.170.724	17.581.606
Financial incomes	20.530	152.971
Financial expenses	-1.175.339	-967.987
Net financial loss	-1.154.809	-815.016
Loss before taxation	-32,325,533	16.766.589
Gain / (Expense) with the current
and deferred income tax	-88.962	-3.433.481
Net loss for the year	-2.414.495	13.333.108
Number of shares issued	40.000.000	40.000.000
Basic and diluted earnings per share	-0,0603	0.3333

ARMĀTURA SA PRELIMINARY STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED on 31 DECEMBER 2021 (RON)

	31 December 2020	31 December 2021
Gains/Loss for the year	-2.414.495	16.766.589
Other elements of the comprehensive income:
Gains /(Losses) from revaluation of buildings Impact of deferred tax on Revaluation reserves		-3.433.481
Other elements of the comprehensive income for the year, net of tax
Total comprehensive income for the year	-2.414.495	13.333.108

Administrator, Stoina Vlad Iulian

Drafted by, Ec Rus Dana first