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The proportion of the Company's basic activities, if compared to
the first three months of 2015, does not show any significant
changes − the production and sale of bull semen comprised 49.9% of
its net turnover in the accounting period, while the milk testing
and data processing services collectively comprised 38.6% of the
Company's net turnover.
Company's net turnover in the first three months of 2016
was 255.9
thousand euros, showing an increase of 1.3% against the
corresponding period in 2015, whereas Company's profit before
taxes was 28.1 thousand euros – by 132.1% or 16.0 thousand euros
higher compared to the corresponding period in 2015.
The commercial profitability in the first three months of 2016 was
11.0%, compared to 4.8% in the corresponding period in
2015.
Profit or Loss Account for the Period Ended on 31 March
2016
|
|
2016
EUR
|
2015
EUR
|
|
Net
sales
|
255 909
|
252 541
|
|
Changes in
stock of ready-made goods and unfinished products
|
(446)
|
89
|
|
Other
operating income
|
2 988
|
922
|
|
Costs of
materials:
|
(110 483)
|
(103 115)
|
|
a)
raw materials and auxiliary costs of materials
|
(83 341)
|
(74 939)
|
|
b)
other external costs
|
(27 142)
|
(28 176)
|
|
Personnel
costs:
|
(103 328)
|
(111 938)
|
|
a)
salaries for work
|
(81 245)
|
(88 895)
|
|
b)
state social insurance compulsory contributions
|
(18 049)
|
(19 621)
|
|
c)
other social insurance costs
|
(4 034)
|
(3 422)
|
|
Write-off
of assets and values:
|
(10 926)
|
(11 425)
|
|
a)
depreciation of fixed assets and amortization of intangible
assets
|
(10 858)
|
(11 425)
|
|
b)
write-off of value of current assets above the normal
deductions
|
(68)
|
-
|
|
Other
operating costs
|
(13 652)
|
(15 669)
|
|
Other
interest income and similar income
|
9 452
|
1 785
|
|
Interest
payments and similar costs
|
(1 394)
|
(1 072)
|
|
Profit or losses before taxes
|
28 120
|
12 118
|
|
Enterprise
income tax for the reporting year
|
(6 555)
|
(3 804)
|
|
Other
taxes
|
(1 845)
|
(1 854)
|
|
The profit or loss for the year
|
|
|
|
Equity per 1 share (EPS)
|
0.047
|
0.015
|
JSC
‘Siguldas ciltslietu un mākslīgās apsēklošanas stacija’ is one of
the largest high-quality breeding bull semen producers and
suppliers in Latvia. The second largest field of the Company’s
basic economic activities is the milk testing services. The Company
also provides other breeding related services – consultations on
issues of cattle breeding, feeding and keeping, evaluation of cow
exterior, artificial insemination of cows, initial processing of
the monitoring data.
Valda Mālniece
Member of the Management Board,
Manager of the Financial and Accounting department
E-mail:
valda.malniece@sigmas.lv
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