Dokumenti

Siguldas CMAS JSC Audited Annual Report for 2017

Emitents

Siguldas ciltslietu un mākslīgās apsēklošanas stacija, AS (48510000ZQJJELMSZC35)

Veids

1.1 Gada finanšu pārskati un revīzijas ziņojumi

Valoda

Statuss

Publicēts

Versija

Aktuālā (1)

Datums

2018-03-19 16:40:04

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Teksts

The Company’s net turnover in 2017 was 1.1 million euros, which is by 38 thousand euros or 3.6% bigger than in 2016.

The proportion of the revenue from the Company’s basic economic activities, if compared to year 2016, had not changed substantially − the revenue from the sales of the bull semen comprised 53.5% of the net turnover, whereas the milk laboratory services and processing of supervisory data services, taken together, accounted for 36.2% of the net turnover.

In 2017 the revaluation of the investment properties into the actual value resulted in loss of 30 thousand euros, whereas in 2016 it accounted for loss of 7 thousand euros.

Compared to 2016, the profit before taxes in the reporting year has decreased by 22 thousand euros, and was 81 thousand euros.

The Company’s commercial profitability in 2017 was 7.3%, 2.3% points down if compared to 2016.

Profit or Loss Account

	2017 EUR	2016 EUR
Net sales	1 108 990	1 070 645
a) from agricultural activities	1 108 990	1 070 645
Changes in stock of ready-made goods and unfinished products	58 560	62 397
Other operating income	42 066	25 199
Costs of materials:	(510 001)	(464 083)
a) raw materials and auxiliary costs of materials	(376 566)	(352 790)
b) other external costs	(133 435)	(111 293)
Personnel costs:	(456 244)	(456 891)
a) salaries for work	(364 461)	(364 397)
b) state social insurance compulsory contributions	(82 553)	(82 697)
c) other social insurance costs	(9 230)	(9 797)
Depreciation adjustments:	(68 140)	(63 888)
a) depreciation adjustments of fixed and intangible assets	(44 024)	(44 882)
b) depreciation adjustments of current assets which the company considers to be above the normal write-off amounts	(24 116)	(19 006)
Other operating costs	(94 387)	(70 826)
Income from shareholding:	-	15
a) in capitals of associated companies	-	15
Profit or loss before enterprise income tax	80 844	102 568
Enterprise income tax for the reporting year	(16 767)	(18 254)
Profit or loss after enterprise income tax calculation	64 077	84 314
Revenue or expenses from the changes in the deferred tax assets or liabilities in the balance	1 721	1 008
The profit or loss for the year	65 798	85 322
Equity per 1 share (EPS)	0.156	0.202

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

Pielikumi

Siguldas_CMAS_Annual_report_for_2017_audited.pdf (2594.44 kB)

Siguldas_CMAS_Corporate_Governance_report_2017.pdf (635.47 kB)

Siguldas_CMAS_Supervisory_Board_report_2017.pdf (252.66 kB)