Vrancart S A : Rezultate financiare preliminare 2021_versiune EN

Translation for information purposes only

VRANCART

CONSOLIDATED PRELIMINARY FINANCIAL RESULTS

for the financial year ended on December 31st, 2021

Note:

The preliminary financial results presented in this document are consolidated results, being reported in accordance with the Public Finance Ministry Order no. 2844/2016 as subsequently amended, which is in compliance with the International Financial Reporting Standards (IFRS) adopted by the European Union.

The consolidated preliminary financial results are not audited, this process being ongoing. As a result, the final and audited financial statements for 2021 may differ from these.

The functional and presentation currency is the Romanian leu (RON).

Content

Consolidated statement of financial position	3
Consolidated situation of the overall result	4
Consolidated statement of changes in equity capital	5
Consolidated cash flow statement	6
Notes to the consolidated preliminary financial statements	7-9

Vrancart

Consolidated statement of financial position

as of December 31st, 2021

(all the amounts are expressed in RON, unless otherwise stated)

	December 31st,	December 31st,
Nota	2021	2020

ASSETS

Tangible assets

5

Intangible assets

Goodwill

Financial assets

Total non-current assets

Inventories	6
Trade receivables	7
Accrued expenses
Cash and cash equivalents
Receivables related to current income tax
Other receivables	9
Total current assets
TOTAL ASSETS
EQUITY
Share capital	10
Reserves	10
Retained earnings
Total equity - Parent company
Non-controlling interests
Total equity
LIABILITIES
Long-term loans	13
Long-term loans from bond issues
Long-term leasing debts
Advance income	16
Long-term debts to employees	15
Debts related to deferred profit tax
Other long-term liabilities
Total long-term liabilities
Short-term trade liabilities	11
Short-term loans	13
Short-term leasing debts
Advance income	16
Debts to employees
Debts related to current profit tax
Other debts	12
Total current liabilities
TOTAL LIABILITIES
TOTAL EQUITY AND LIABILITIES

CIUCIOI Ionel-Marian

Director General

338,307,136 315,908,406

5,850,271 6,788,609

39,59441,094

8,526,391 8,526,391

352,723,392 331,264,500

73,107,759 53,013,513

101,927,129 71,841,836

1,115,940 870,819

2,368,775 5,558,078

114,401-

1,814,989 1,212,397

180,448,993 132,496,643

533,172,385 463,761,143

120,363,080 103,168,355

115,500,390 114,957,240

5,321,734 9,652,131

241,185,204 227,777,726

(1,021)281

241,184,183 227,778,007

64,405,440 43,766,905

37,949,400 37,627,000

17,768,484 10,570,722

10,040,444 12,851,179

422,307 453,855

5,156,169 5,503,412

323,422 645,822

136,065,666 111,418,895

74,347,087 39,683,654

65,603,245 66,709,792

5,864,025 4,011,256

1,799,994 2,726,759

5,221,418 5,411,426

• 966,800
  3,086,767 5,054,554

155,922,536 124,564,241

291,988,202 235,983,136

533,172,385 463,761,143

ARSENE Vasilica-Monica

Director Financiar

3

Vrancart

Consolidated situation of the overall result

as of December 31st, 2021

(all the amounts are expressed in RON, unless otherwise stated)

		2021	2020
Turnover income	17	453,888,676	349,656,944
Other income	18	8,596,073	5,402,360
Change in stocks of finished goods and work in progress		8,824,259	(7,569,998)
Expenditure on raw materials and consumables		(271,358,232)	(161,404,382)
Expenditure on goods		(16,052,868)	(12,929,903)
Expenditure on services provided by third parties		(40,434,950)	(27,931,900)
Staff expenditure	20	(82,727,422)	(71,963,147)
Depreciation and impairment of fixed assets	5	(35,104,380)	(34,834,216)
Other expenses	19	(12,290,944)	(13,725,893)
Operational result		13,340,212	24,699,865
Financial income	21	588,277	925
Financial expenses	21	(5,231,162)	(6,062,153)
Profit / (Loss) before tax		8,697,327	18,638,637
Income / (expense) with income tax	22	(999,051)	(2,025,331)
Profit/(Loss) for the year		7,698,276	16,613,306
- Related to the Parent Company		7,699,597	16,613,325
- Related to Minority interests		(1,321)	(19)
Other comprehensive income
Increases in the revaluation reserve for tangible fixed		-	-
assets, net of deferred tax
TOTAL OVERALL RESULT FOR THE YEAR		7,698,276	16,613,306
- Related to the Parent Company		7,699,597	16,613,325
- Related to Minority interests		(1,321)	(19)

CIUCIOI Ionel-Marian	ARSENE Vasilica-Monica
General Manager	Financial Manager

4

Vrancart

Consolidated statement of changes in equity capital

as of December 31st, 2021

(all the amounts are expressed in RON, unless otherwise stated)

	Share capital	Reserves from	Other reserves	Reported result	Non-controlling	Total equity
		revaluation of			interests
		tangible fixed
		assets
Balance on January 1st, 2021	103,168,355	51,668,712	63,288,528	9,652,131	281	227,778,007
Overall result for the period
Net result for the period	-	-	-	7,699,597	(1,321)	7,698,276
Other comprehensive income
Capital increase	17,194,726	-	-	-	-	17,194,726
Allocation from retained earnings	-	-	2,067,605	(12,719,700)	19	(10,652,076)
Other changes	-	-	810	(96,612)	-	(95,802)
Changes in the revaluation reserve for tangible	-	(738,947)	-	-		(738,947)
fixed assets, net of deferred tax	-
Transfer of revaluation reserve to retained
earnings following sale/disposal of property,	-	(786,317)	-	786,317	-	-
plant and equipment
Total other comprehensive income	17,194,726	(1,525,264)	2,068,415	(12,092,995)	19	5,707,901
Total comprehensive income for the period	17,194,726	(1,525,264)	2,068,415	(4,330,398)	(1,302)	13,406,177
Balance on December 31st, 2021	120,363,080	50,143,448	65,356,942	5,321,734	(1,021)	241,184,183

CIUCIOI Ionel-Marian	ARSENE Vasilica-Monica
General Manager	Financial Manager
	5