Adecoagro S.A.
Condensed Consolidated Interim Financial Statements as of March 31, 2017 and for the three-month periods ended March 31, 2017 and 2016
Legal information
Denomination: Adecoagro S.A.
Legal address: Vertigo Naos Building, 6, Rue Eugène Ruppert, L-2453, Luxembourg
Company activity: Agricultural and agro-industrial
Date of registration: June 11, 2010
Expiration of company charter: No term defined
Number of register (RCS Luxembourg): B153.681
Capital stock: 122,381,815 common shares (of which 1,352,397 are treasury shares)
F - 2
Condensed Consolidated Interim Statements of Income for the three-month periods ended March 31, 2017 and 2016
(All amounts in US$ thousands, except shares and per share data and as otherwise indicated)
March 31,
March 31,
Note
2017 2016
(unaudited)
Sales of goods and services rendered...............................
4
166,091
121,484
Cost of goods sold and services rendered ........................
5
(139,362)
(99,023)
Initial recognition and changes in fair value of
biological assets and agricultural produce .......................
14
17,365
25,833
Changes in net realizable value of agricultural
produce after harvest........................................................
(227)
2,659
Margin on Manufacturing and Agricultural
Activities Before Operating Expenses ..........................
43,867
50,953
General and administrative expenses...............................
Adecoagro SA published this content on 03 July 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 July 2017 17:17:09 UTC.
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Adecoagro S.A. is a holding company. The Company is involved in a range of businesses, including farming crops and other agricultural products, dairy operations, sugar, ethanol and energy production and land transformation. The Company is organized into three main lines of business: farming; land transformation, and sugar, ethanol and energy. Its agricultural activities consist of harvesting certain agricultural products, including crops, rough rice and sugarcane, for sale to third parties and for internal use as inputs in its various manufacturing processes, and producing raw milk. Its manufacturing activities consist of selling manufactured products, including processed rice, sugar, ethanol and energy, among others, and providing services, such as grain warehousing and conditioning and handling and drying services, among others. The Company's land transformation activities consist of the acquisition of farmlands or businesses with underdeveloped or underutilized agricultural land.