Turbomecanica S.A.

Annual / Quarterly Financial Statement • Feb 15, 2017

TURBOMECANICA

244 Iuliu Maniu Bd. District 6 Postal Code 061126 Bucharest - Romania Tel.: (+4) 021 434 07 41 Fax: (+4) 021 434 09 21; (+4) 021 434 31 65 Trade Registry Code J40/533/1991 Fiscal Registration Code RO3156315 Sole Registration Code 3156315 Fully Paid Share Capital 36.944.247,50 RON www.turbomecanica.ro; e-mail: office@turbomecanica.ro

STATEMENT OF FINANCIAL POSITION AT 31 DECEMBER 2016 PRELIMINARY UNAUDITED FINANCIAL

	31 DECEMBER 2016	31 DECEMBER 2015
Assets Fixed assets
	58.036.177	55.047.738
Property, plant and equipment, net	8.777.088	8.930.542
Intangible assets, net Other assets
	604.960	1.000
Total fixed assets	67.418.225	63.979.280
Current assets
Inventory	26.947.238	23.951.055
Trade receivables	2.684.621	2.250.180
Other receivables and prepayments	3.049.552	2.396.696
Cash and bank balances	11.501.493	7.118.858
Non current assets classified as held for sale	10.550.484	10.638.705
Total current assets	54.733.388	46.355.494
Total assets	122.151.613	110.334.773
Shareholder equity and liabilities
Shareholder equity
Share Capital	1.024.571.055	1.024.571.055
Reserves	79.845.777	80.140.683
Retained earnings	(1.051.996.354)	(1.068.502.598)
Total shareholder equity	51.858.050	36.209.140

Long term liabilities
Borrowings LT	3.186.318	4.905.781
Deferred tax liabilities	3.862.833	3.862.833
Provisions LT	968.649	968.649
Other liabilities LT	1.023.750	3.474.291
Total liabilities TL	9.041.550	13.211.554
Current liabilities
Short term loans	7.008.600	4.145.741
Borrowings ST	41.406.464	44.518.895
Provisions ST	2.427.282	2.558.999
Defferend income	179.563	515.658
Other liabilities ST	8.448.798	8.743.477
Total current liabilities	61.252.013	60.914.080
Total liabilities	70.293.563	74.125.634
Total shareholder equity and liabilities	122.151.613	110.334.774

PRESIDENT GENERAL MANAGER, RADU VIEHMANN P

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FINANCIAL & COMMERCIAL MANAGER CLAUDIA ANGHEL