Aerostar S A : Financial Statements for the financial year 2021

AEROSTAR S.A. BACĂU

COMPANY FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBRIE 2021

prepared in accordance with the

Order of the Ministry of Public Finance nr. 2844/2016

regarding the approval of accounting directives in accordance with the

International Financial Reporting Standards

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CONTENTS

COMPANY INCOME STATEMENT

COMPANY STATEMENT OF COMPREHENSIVE INCOME

COMPANY STATEMENT OF FINANCIAL POSITION

COMPANY STATEMENT OF CASH FLOWS

COMPANY STATEMENT OF CHANGES IN EQUITY

NOTES TO THE COMPANY FINANCIAL STATEMENTS

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AEROSTAR S.A. BACĂU

COMPANY INCOME STATEMENT

FOR THE FINANCIAL YEAR ENDED ON 31 DECEMBER 2021 (unless specified otherwise, all amounts are stated in thousand lei)

	Note	31 December	31 December
	2021	2020
Operating income
Income from sales	19	376.434	294.839
Other income	19	2.993	2.789
Income related to the inventories of finished goods	19	1.250	14.921
and work in progress
Income from production of assets	19	410	1.865
Income from operating subsidies	19	1.420	1.994
Total operating income		382.507	316.408
Operating expenses
Material expenses	20	(121.255)	(96.843)
Expenses with employees' benefits	20	(123.111)	(117.702)
Expenses regarding amortization of assets	5;6;20	(25.794)	(25.018)
Net income (expenses) from adjustments regarding	20	1.478	(9.814)
current assets
Net income (expenses) from adjustments regarding	20	(16.169)	3.389
provisions
Expenses regarding external services	20	(28.908)	(27.912)
Other expenses	20	(4.925)	(4.159)
Total operating expenses		(318.684)	(278.059)
Profit/loss from operating activity		63.823	38.349
Financial income	21	9.190	9.868
Financial expenses	22	(3.365)	(6.158)
Financial profit/loss		5.825	3.710
Profit before tax		69.648	42.059
Tax on current and deferred profit	17;23	(9.708)	(3.616)
Net profit of the period		59.940	38.443
General Director		Financial Director
Grigore Filip		Doru Damaschin

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AEROSTAR S.A. BACĂU

COMPANY STATEMENT OF COMPREHENSIVE INCOME FOR THE FINANCIAL YEAR ENDED ON 31 DECEMBER 2021 (unless specified otherwise, all amounts are stated in thousand lei)

	31 December	31 December
	2021	2020
Net profit of the financial year	59.940	38.443
Deferred income tax recognized on company equity	(648)	(1.609)
according to O.M.F.P. 2844/2016
Undistributed profit for 2019	0	9
Other elements of the global result	(648)	(1.600)
Total comprehensive income of the period	59.292	36.843

General Director	Financial Director
Grigore Filip	Doru Damaschin

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AEROSTAR S.A. BACĂU

COMPANY STATEMENT OF FINANCIAL POSITION

FOR THE FINANCIAL YEAR ENDED ON 31 DECEMBER 2021 (unless specified otherwise, all amounts are stated in thousand lei)

	Note	31 December	31 December
		2021	2020
ASSETS
Non-current assets
Property, plant and equipment	6	163.914	180.923
Intangible assets	5	688	663
Investment property	6	6.395	6.995
Rights to use assets under lease	32	1.773	1.789
Financial assets	7	52	52
Receivables regarding deferred profit tax	17	5.599	5.548
Total non-current assets		178.421	195.970
Current assets
Inventories	10	98.770	96.918
Trade receivables and other receivables	8;9;18	59.801	38.377
Receivables regarding current profit tax	23	-	1.734
Receivables regarding short-term deferred profit tax	17	10.189	10.037
Short-term expenses registered in advance	31	579	543
Cash and cash equivalents	11	274.471	202.660
Total current assets		443.810	350.269
Total assets		622.231	546.239
EQUITY AND LIABILITIES
Capital and reserves
Share capital	12	48.729	48.729
Current result	12	59.940	38.443
Result carried-forward	12	51.148	51.214
Reserves	12	284.365	270.214
Deferred income tax recognized on equity	17	(17.134)	(16.148)
Distribution of profit for legal reserve	12	(5.660)	(12.082)
Total company equity	12	421.388	380.370
Long-term liabilities
Liabilities regarding deferred income tax	17	19.418	18.850
Subsidies for long-term investments	14	3.025	3.945
Other long-term liabilities	16	1.525	1.522
Total long-term liabilities		23.968	24.317
Long-term provisions	13	105.383	86.747
Current liabilities
Trade liabilities	15;18	28.450	12.060
Liability with current income tax	23	2.224	-
Prepaid income	31	196	1.155
Subsidies for short-term investments	14	1.167	1.948
Other current liabilities	16	13.009	10.748
Total current liabilities		45.046	25.911
Short-term provisions	13	26.446	28.894
Total provisions		131.829	115.641
Total liabilities		69.014	50.228
Total company equity, liabilities and provisions		622.231	546.239
General Director		Financial Director
Grigore Filip		Doru Damaschin

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