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 2015 EUR EUR Net sales 1 070 1 105 645 143 a) from agricultural activities 1 070 1 105 645 143 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 (443 083) 564) a) raw materials and auxiliary costs of materials (352 (329 790) 681) b) other external costs (111 (113 293) 883) Personnel costs: (456 (460 891) 609) a) salaries for work (364 (367 397) 444) b) state social insurance compulsory contributions (82 (83 697) 677) c) other social insurance costs (9 (9 797) 488) Depreciation adjustments: (63 (65 888) 057) a) depreciation adjustments of fixed and intangible assets (44 (45 882) 616) b) depreciation adjustments of current assets which the company (19 (19 considers to be above the normal write-off amounts 006) 441) Other operating costs (70 (73 826) 722) Income from shareholding: 15 11 a) in capitals of associated companies 15 - Profit or loss before enterprise income tax 102 94 668 568 Enterprise income tax for the reporting year (18 (20 254) 111) Profit or loss after enterprise income tax calculation 84 314 74 557 Revenue or expenses from the changes in the deferred tax assets 1 008 1 111 or liabilities in the balance The profit or loss for the year 85 322 75 668 =============== Equity per 1 share (EPS) 0,202 0,179
JSC 'Siguldas ciltslietu un maksligas apseklošanas 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 Malniece Member of the Management Board, Manager of the Financial and Accounting department E-mail: valda.malniece@sigmas.lv
Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=617824
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 2015 EUR EUR Net sales 1 070 1 105 645 143 a) from agricultural activities 1 070 1 105 645 143 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 (443 083) 564) a) raw materials and auxiliary costs of materials (352 (329 790) 681) b) other external costs (111 (113 293) 883) Personnel costs: (456 (460 891) 609) a) salaries for work (364 (367 397) 444) b) state social insurance compulsory contributions (82 (83 697) 677) c) other social insurance costs (9 (9 797) 488) Depreciation adjustments: (63 (65 888) 057) a) depreciation adjustments of fixed and intangible assets (44 (45 882) 616) b) depreciation adjustments of current assets which the company (19 (19 considers to be above the normal write-off amounts 006) 441) Other operating costs (70 (73 826) 722) Income from shareholding: 15 11 a) in capitals of associated companies 15 - Profit or loss before enterprise income tax 102 94 668 568 Enterprise income tax for the reporting year (18 (20 254) 111) Profit or loss after enterprise income tax calculation 84 314 74 557 Revenue or expenses from the changes in the deferred tax assets 1 008 1 111 or liabilities in the balance The profit or loss for the year 85 322 75 668 =============== Equity per 1 share (EPS) 0,202 0,179
JSC 'Siguldas ciltslietu un maksligas apseklošanas 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 Malniece Member of the Management Board, Manager of the Financial and Accounting department E-mail: valda.malniece@sigmas.lv
Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=617824