Statement of financial position Note 2017

ASSETS
Non-current assets  
Property, plant and equipment 4 15,950,780
Intangible assets   401.809
16,352,589

Current assets  
Inventories 5 12949232
Prepaid taxes   23622
Trade and other receivables 6 2261063
Cash and cash equivalents 7 5550580
    20784497

TOTAL ASSETS   37,137,086

EQUITY AND LIABILITIES

Equity
Charter capital   557.284
Accumulated losses   -58.982
498.302

Non-current liabilities  
Borrowings 8 7,016,570
Current liabilities
Borrowings 8 2442122
Trade and other payables 27,180,092
9 29622214
   
TOTAL EQUITY AND LIABILITIES   37,137,086

 Statement of Profit or loss and other comprehensive

Note income 2017
Revenue 10 168,212,100
Cost of sales 11 (139,988,707)
GROSS PROFIT   28,223,393
Other income 12 5,440,090
Commercial expenses 13 (23,569,792)
General and administrative expenses 14 (5,047,753)
Other expenses   -110.85
PROFIT FROM OPERATIONS   4,935,088
Interest expense 8 (1,390,988)
Net foreign exchange gain (loss)   400.452
PROFIT (LOSS) BEFORE TAX   3,944,552
Tax expense  
TOTAL COMPREHENSIVE INCOME   3,944,552

 Statement of changes in equity Charter capital Accumulated losses

31-Dec-15 510.48 (3,321,402)
Total comprehensive loss   -682.132
31-Dec-16 510.48 (4,003,534)
Contributions by owners Addition 46.804  
Total comprehensive income   3,944,552
31-Dec-17 557.284 -58.982
 2016

 
12,747,491 inventory turnover
216.652 Accounts receivable turnover
12,964,143 Payable turnover
Asset turnover
Current ratio
8,860,364 CRR
79.683 Debt ratio
919.856 Times interest earned ratio
3,215,081 Gross profit margin
13074984 Return on total assets(ROA)
Return on ordinary shareholders' equity (ROE)
26,039,127 Leverage ratio
Operating profit margin
Free cash flow
Book value per ordinary share
510.48
(4,003,534)
(3,493,054)

5,920,015

6,781,569
16,830,597
23612166

26,039,127

2016
107,726,289
(88,003,001)
19,723,288
2,588,169
(16,448,321)
(2,958,152)
-390.178
2,514,806
(1,925,874)
(1,166,567)
-577.635
-104.497
 -682.132

Total
(2,810,922)
-682.132
(3,493,054)
46.804
3,944,552
498.302
2017 2016
12.84
105.76
6.36
5.33
0.70 0.55
2.13 -6.04
0.99 1.13
3.55 0.30
17% 18%
12%
-263%
-21.10
2.93% -0.01
3410475 8736351
- -
 2017 2016
inventory turnover 11.22 11.38
Accounts receivable turnover 42.16 61.92
Payable turnover 5.11 5.72
Asset turnover 2.96 2.73
Current ratio 0.56 0.52
CRR 2.97 -1.17
Debt ratio 0.83 0.92
Times interest earned ratio 2.22 0.29
Gross profit margin 0.25 0.23
Return on total assets(ROA) 3.94% -9.29%
Return on ordinary shareholders' equity (ROE) 31.11% -75.10%
Leverage ratio 7.89 8.09
Operating profit margin 34.91% 0.62%
Free cash flow 3061.00 7146.00
Book value per ordinary share 0.18
 2017 2016
inventory turnover 3.79 4.13
Accounts receivable turnover 6.18 5.42
Payable turnover 8.37 11.2
Asset turnover 1.75 1.66
Current ratio 1.64 1.74
CRR 1.08 0.38
Debt ratio 0.38 0.36
Times interest earned ratio operating income=1806137 interest expense=0
Gross profit margin 0.36 0.36
Return on total assets(ROA) 11.08% 18.98%
Return on ordinary shareholders' equity (ROE) 17.66% 29.76%
Leverage ratio 1.59 1.57
Operating profit margin 6.33% 11.59%
Free cash flow 180724 1061408
Book value per ordinary share - -