The
Company’s net turnover in 2016 was 1.1 million euros, which is by
34 thousand euros or 3.1% less than in 2015 due to the overall
economic crisis in the milk market of Latvia.
The
proportion of the revenue from the Company’s basic economic
activities, if compared to year 2015, had not changed substantially
− the revenue from the sales of the bull semen comprised 51.4% of
the net turnover, whereas the milk laboratory services and
processing of supervisory data services, taken together, accounted
for 37.0% of the net turnover.
In
2016 the revaluation of the investment properties into the actual
value resulted in loss of 7 thousand euros, whereas in 2015 it
accounted for loss of 18 thousand euros.
Compared
to 2015, the profit before taxes in the reporting year has
increased by 8 thousand euros, and was 103 thousand
euros.
The
Company’s commercial profitability in 2016 was 9.6%, 1.0% points up
if compared to 2015.
Profit or
Loss Account for the Period Ended on
31
December 2016
|
2016
EUR
|
2015
EUR
|
Net
sales
|
1 070 645
|
1 105 143
|
a)
from
agricultural activities
|
1 070 645
|
1 105 143
|
Changes
in stock of ready-made goods and unfinished products
|
62 397
|
17 309
|
Other
operating income
|
25 199
|
15 157
|
Costs of
materials:
|
(464 083)
|
(443 564)
|
a)
raw materials and auxiliary costs of materials
|
(352 790)
|
(329 681)
|
b)
other external costs
|
(111 293)
|
(113 883)
|
Personnel
costs:
|
(456 891)
|
(460 609)
|
a)
salaries for work
|
(364 397)
|
(367 444)
|
b)
state social insurance compulsory contributions
|
(82 697)
|
(83 677)
|
c)
other social insurance costs
|
(9 797)
|
(9 488)
|
Depreciation
adjustments:
|
(63 888)
|
(65 057)
|
a)
depreciation adjustments of fixed and intangible assets
|
(44 882)
|
(45 616)
|
b)
depreciation adjustments of current assets which the company
considers to be above the normal write-off amounts
|
(19 006)
|
(19 441)
|
Other
operating costs
|
(70 826)
|
(73 722)
|
Income
from shareholding:
|
15
|
11
|
a)
in
capitals of associated companies
|
15
|
-
|
Profit or
loss before
enterprise
income
tax
|
102 568
|
94 668
|
Enterprise
income tax for the reporting year
|
(18 254)
|
(20 111)
|
Profit or
loss after
enterprise
income
tax calculation
|
84 314
|
74 557
|
Revenue
or expenses from the changes in the deferred tax assets or
liabilities in the balance
|
1 008
|
1 111
|
The
profit or loss for the year
|
|
|
Equity per 1 share (EPS)
|
0,202
|
0,179
|
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 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
|