Mecanica Fina : Preliminary financial results 2021

Translation from Romanian language

MECANICA FINA SA

PRELIMINARY ANNUAL FINANCIAL RESULTS FOR THE YEAR ENDED ON DECEMBER 31, 2021

INDIVIDUAL FINANCIAL STATEMENTS PREPARED ACCORDING TO I.F.R.S.

MECANICA FINA SA

GLOBAL RESULT STATEMENT

for the year ended on December 31, 2021

(all amounts are expressed in lei, if not otherwise indicated)

	December 31	December 31
	2021	2020
Sales income	5.516.169	6.155.891
Other operating income	1.451.442	1.363.792
Income related to products stocks costs	-	-
Income resulted from the activity performed by the	101.924	54.405
company and capitalized activity
Gains / (losses) from the variation of the fair value of	5.838.423	4.573.004
real estate investments
Raw materials and consumables costs	(191.725)	(557.412)
Personnel costs	(1.900.649)	(1.853.400)
Amortization and depreciation costs	(2.819.131)	(4.309.618)
Other operating costs	(2.471.845)	(2.222.631)
Operating profit / loss	5.524.608	3.204.031
Exchange rate differences	(319.063)	(293.091)
Financial expenses	(519.506)	(788.847)
Income from participation titles held in associated	370.029	351.250
companies within the group
Profit before tax / loss	5.056.068	2.473.343
Current profit tax and deferred profit tax	-	(822.618)
Profit / loss	5.056.068	1.650.725
Other elements of global result	-	-
Profit / Loss from reevaluation of tangible assets	-	-
Tax profit related to other elements of global result	-	-
(reevaluation)
Total global result	5.056.068	1.650.725
Result per share	1,36	0,45

President of the Board of Directors	Chief Accountant
General Manager	Rogojan Maria
Mollo Sergio

MECANICA FINA SA

FINANCIAL POSITION STATEMENT

for the year ended on December 31, 2021

(all amounts are expressed in lei, if not otherwise indicated)

___________________________________________________________________________________

		December 31	December 31
		2021	2020
	ASSETS
	FIXED ASSETS
	Intangibile assets	-	-
	Tangible assets	2.058.425	2.252.070
	Real estate investments	185.350.680	181.677.772
	Investments in shares	17.910.996	17.734.606
	Other fixed assets	5.259	5.259
	TOTAL FIXED ASSETS	205.325.360	201.669.707
	CIRCULATING ASSETS
	Stocks	11.556	2.263
	Commercial receivables and similar receivables	2.699.668	4.460.856
	Cash and cash equivalents	86.625	269.537
	TOTAL CIRCULATING ASSETS	2.797.849	4.732.656
	TOTAL ASSETS	208.123.209	206.402.364
	DEBTS
	CURRENT DEBTS
	Commercial debts and similar debts	2.674.065	4.768.927
	Amounts owed to credit institutions	1.484.555	1.425.045
	Provisions	-	44.695
	TOTAL CURRENT DEBTS	4.158.620	6.238.667
	LONG TERM DEBTS
	Commercial debts and similar debts	184.816	194.110
	Loans	14.014.956	15.260.837
	Deferred tax	25.458.962	25.458.962
	Provisions	-	-
	TOTAL LONG TERM DEBTS	39.658.734	40.913.909
	TOTAL DEBTS	43.817.354	47.152.577
	NET ASSETS	164.305.855	159.249.787
	SHARE CAPITAL AND RESERVES
	Share capital	79.152.825	79.152.825
	Reserves from reevaluation	-	-
	Legal reserves	1.181.724	1.181.724
	Other reserves	718.677	718.677
	Carried forward result	78.196.561	76.545.836
	Current result	5.056.068	1.650.725
	TOTAL CAPITAL	164.305.855	159.249.787
	DEFERRED INCOME	-	-
	TOTAL CAPITAL AND DEBTS	208.123.209	206.402.364

President of the Board of Directors	Chief Accountant
General Manager	Rogojan Maria
Mollo Sergio