JSC “Valmieras stikla šķiedra” concludes the year 2014 with the
highest net turnover since the foundation of the company
The
consolidated net turnover of the Group in the year 2014 has reached
EUR 108.7 Million. That is the highest net turnover reached in the
company since it was founded. It has increased by EUR 20.2 Million
or 23% compared to the Groups consolidated net turnover in the
2013. The consolidated net profit of the Group in the year 2014 has
reached EUR 7.59 Million and that is 49% more compared to the
Groups net profit in 2013. Net profit per share in the year 2014
reaches EUR 0.3176 and that is the highest index during existence
of the company.
The production of JSC Valmieras stikla šķiedra is being sold in 39
countries all over the world, reaching 97% export capacity. The
main sales markets of JSC “Valmieras stikla šķiedra” are: the
countries of the European Union (72%, an increase of 11% compared
with the same period last year) and North America. Middle East and
Asia region export market significantly evolve.
Statement of profit and loss
For the period ended December 31st
2014 and December 31s 2013
|
|
31.12.2014 |
|
31.12.2013 |
|
|
EUR |
|
EUR |
|
|
|
|
|
|
Sales |
108 698 544 |
|
88 532 563 |
|
Change in inventories |
5 297 394 |
|
1 562 995 |
|
Other operating income |
812 492 |
|
1 672 217 |
|
Raw materials and consumables |
(57 175 577) |
|
(48 052 301) |
|
Personnel expenses |
(21 319 658) |
|
(15 231 761) |
|
Depreciation and amortization |
(9 513 596) |
|
(8 584 144) |
|
Other operating expenses |
(18 099 702) |
|
(13 873 342) |
|
Operating profit |
8 699 897 |
|
6 026 227 |
|
|
|
|
|
|
Interest and similar income |
856 156 |
|
879 280 |
|
Interest and similar expenses |
(1 738 289) |
|
(1 672 757) |
|
Profit from operations and before tax |
7 817 764 |
|
5 232 750 |
|
|
|
|
|
|
Corporate income tax |
(225 236) |
|
(129 287 |
|
Net profit |
7 592 528 |
|
5 103 463 |
|
|
|
|
|
|
Profit per share applicable to the parent company’s
shareholders |
0.3014 |
|
0.2101 |
|
Profit per share |
0.3176 |
|
0.2135 |
Balance Sheet (ASSETS)
As at December 31st 2014 and December
31st 2013
|
|
31.12.2014 |
|
31.12.2013 |
|
|
EUR |
|
EUR |
|
ASSETS |
|
|
|
|
Non-current assets |
|
|
|
|
Intangible assets |
|
|
|
|
Patents, licenses, trade mark and similar rights |
470 179 |
|
51 435 |
|
Costs of establishment of intangible investments |
- |
|
156 937 |
|
Goodwill |
3 930 822 |
|
3 930 822 |
|
Total intangible assets |
4 401 001 |
|
4 139 194 |
|
|
|
|
|
|
Tangible fixed assets |
|
|
|
|
Land and buildings |
13 974 563 |
|
11 960 567 |
|
Equipment and machinery |
45 732 132 |
|
48 408 104 |
|
Other fixed assets |
922 977 |
|
810 959 |
|
Constructions in progress |
7 605 917 |
|
3 659 184 |
|
Advance payments for fixed assets |
3 960 646 |
|
764 663 |
|
Total fixed assets |
72 196 236 |
|
65 603 477 |
|
|
|
|
|
|
Deferred tax assets |
1 214 908 |
|
1 088 889 |
|
|
|
|
|
|
Total non-current assets |
77 812 145 |
|
70 831 560 |
|
|
|
|
|
|
Current assets |
|
|
|
|
Inventory |
|
|
|
|
Raw materials |
10 077 153 |
|
9 099 129 |
|
Work in progress |
4 604 407 |
|
2 730 162 |
|
Finished goods |
15 777 253 |
|
12 165 063 |
|
Advance payments for inventories |
289 583 |
|
79 470 |
|
Total inventory |
30 748 395 |
|
24 073 824 |
|
|
|
|
|
|
Accounts receivable |
|
|
|
|
Trade receivables |
11 711 664 |
|
12 537 181 |
|
Pielikumi
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Finansu_parskats_Q4_2014_EN.pdf (611.06 kB)
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