Alumil Rom Industry S A : Rezultate financiare preliminare 2022 / 2022 Preliminary financial results

ALUMIL ROM INDUSTRY S.A. PRELIMINARY FINANCIAL STATEMENTS for the year ended 31 December 2022

prepared according to International Financial Reporting Standards (All amounts are expressed in RON, unless otherwise stated)

STATEMENT OF COMPREHENSIVE INCOME
	2022	2021
Net revenue	109.104.562	90.812.876
Cost of sales	(75.925.214)	(59.964.140)
Gross margin	33.179.348	30.848.736
Other operating income	1.519.472	1.074.870
Sale and distribution expenses	(20.834.408)	(18.068.452)
Administrative expenses	(6.070.846)	(6.440.358)
Operating profit	7.793.566	7.414.796
Interest income	101.868	150.679
Interest expense	(330.907)	(256.265)
Foreign exchange gains/(losses)	25.548	167.777
Profit before tax	7.590.075	7.476.987
Current income tax charge	(1.153.382)	(1.311.018)
Deferred income tax	10.340	(144.540)
Net profit for the year	6.447.033	6.021.429
Other comprehensive income	-	-
Comprehensive income for the year	6.447.033	6.021.429
Earnings per share	0,2063	0,1927

Marius Ionita	Ciprian Balasca
General Manager	Financial Manager

ALUMIL ROM INDUSTRY S.A. PRELIMINARY FINANCIAL STATEMENTS for the year ended 31 December 2022

prepared according to International Financial Reporting Standards (All amounts are expressed in RON, unless otherwise stated)

STATEMENT OF FINANCIAL POSITION
	31 December	31 December
	2022	2021
Non-current assets
Intangible non-current assets	266.999	165.582
Tangible non-current assets	18.030.989	19.421.153
Right of use assets	4.350.705	4.515.446
Shares in affiliates	7.136.564	7.136.564
Loans to affiliates	2.767.525	2.778.647
Long-term receivables	184.293	168.233
Deferred income tax	385.636	375.296
Total non-current assets	33.122.711	34.560.921
Current assets
Inventories	22.396.330	20.948.046
Receivables	15.819.706	12.197.068
Other receivables and prepayments	664.591	700.008
Cash and cash equivalents	1.962.721	5.068.890
Total current assets	40.843.348	38.914.012
TOTAL ASSETS	73.966.059	73.474.933
LIABILITIES AND EQUITY
Equity
Share capital	10.337.676	10.337.676
Share premiums	26.693.396	26.693.396
Retained earnings	14.102.080	13.655.047
Reserves	6.477.646	6.477.646
Total equity	57.610.798	57.163.765
Long-term liabilities
Long-term loans	-	-
Investment subsidies	3.322.813	3.677.813
Lease liabilities	2.242.961	2.608.009
Deferred income tax	-	-
Total long-term liabilities	5.565.774	6.285.822
Current liabilities
Suppliers and other payables	6.292.888	5.665.326
Lease liabilities	2.254.392	2.062.311
Short-term loans	2.211.584	2.231.732
Current income tax payable	30.623	65.977
Total current liabilities	10.789.487	10.025.346
LIABILITIES AND EQUITY - TOTAL	73.966.059	73.474.933
Marius Ionita	Ciprian Balasca
General Manager	Financial Manager

ALUMIL ROM INDUSTRY S.A. PRELIMINARY FINANCIAL STATEMENTS for the year ended 31 December 2022

prepared according to International Financial Reporting Standards (All amounts are expressed in RON, unless otherwise stated)

STATEMENT OF CASH FLOWS
	2022	2021
Cash flows from operating activities
Profit before tax	7.590.075	7.476.987
Adjustments for monetary items:
Amortization expenses 7,8	4.345.214	4.298.696
Setting /(reversal) of provisions for doubtful customers and
inventories	177.678	(1.989.374)
Setting /(reversal) of provisions, net	-	-
(Profit) /loss from sale of tangible assets	-	(157.376)
Revenues from reversal of investment subsidies	(355.000)	(366.653)
Interest (income)/expenses - net	157.494	199.329
Operating income before other changes in working capital	11.915.461	9.461.609
(Increases)/Decreases in trade and other receivables	(3.643.215)	264.124
(Increase)/decrease in inventories	(1.574.906)	(7.748.658)
Increases/(decreases) in suppliers and other payables	644.554	1.207.509
Net cash after changes in working capital	7.341.894	3.184.584
Income tax paid	(1.188.736)	(1.398.310)
Interest paid	(259.362)	(200.954)
Net cash generated from / (used in) operating activities	5.893.796	1.585.320
Net cash flows from investment
Purchases of tangible, intangible and financial assets 7,9	(680.637)	(2.567.348)
Interest received	101.868	150.679
Cash advances and loans to other parties	-	2.227.833
Net cash generated from / (used in) investment	(578.769)	(188.836)
Cash flows from finance activities
Dividends paid	(6.000.000)	(3.437.500)
Loans received	-	2.231.732
Loans reimbursement 17	(20.148)	-
Payments for lease liability	(2.401.048)	(2.284.201)
Net cash (used in) finance activities	(8.421.196)	(3.489.969)
Increase/(decrease) in cash and cash equivalents	(3.106.169)	(2.093.485)
Cash and cash equivalents at beginning of period	5.068.890	7.162.375
Cash and cash equivalents at the end of period	1.962.721	5.068.890

Marius Ionita	Ciprian Balasca
General Manager	Financial Manager

ALUMIL ROM INDUSTRY S.A. PRELIMINARY FINANCIAL STATEMENTS for the year ended 31 December 2022

prepared according to International Financial Reporting Standards (All amounts are expressed in RON, unless otherwise stated)

STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY
		Share		Retained
	Capital	premium	Reserves	earnings	Total equity
1 January 2021	10.337.676	26.693.396	6.477.646	11.071.118	54.579.836
Dividends distributed	-	-	-	(3.437.500)	(3.437.500)
Profit for 2021	-	-	-	6.021.429	6.021.429
31 December 2021	10.337.676	26.693.396	6.477.646	13.655.047	57.163.765
Dividends distributed	-	-	-	(6.000.000)	(6.000.000)
Profit for 2022	-	-	-	6.447.033	6.447.033
31 December 2022	10.337.676	26.693.396	6.477.646	14.102.080	57.610.798

Marius Ionita	Ciprian Balasca
General Manager	Financial Manager