1.1. Balance Sheet - Assets Year end 31.12.

2021
Variation in Variation
ASSETS (in KMAD) 31/12/2021 31/12/2020
value in %
ASSETS
CAPITALISED EXPENSES (A) 15 21 - 6 -29%
INTANGIBLE ASSETS (B)
TANGIBLE ASSETS (C) 172 196 - 24 -12%
FINANCIAL ASSETS (D) 113 113 - 0%
UNREALIZED EXCHANGE LOSSES (E) -
TOTAL I (A+B+C+D+E) 300 330 - 30 -9%
INVENTORIES (F)
.Merchandise 2.932 3.978 - 1.046 -26%
.Raw materials and consumables -
.Products in process -
.Intermediate and residual goods -
.Finished goods -
SHORT TERM RECEIVABLES (G) -
.Supplier's receivables, prepaids 1
.Accounts receivable 9.940 8.626 1.315 15%
.Staff 7 30 - 23 -77%
.Tax receivable 477 28 449 1617%
.Shareholder's accounts -
.Other receivables -
. Pre-payments 16 23 - 7 -30%
MARKETABLE SECURITIES (H) -
UNREALIZED EXCHANGE LOSSES (I) 10 17 - 8 -44%
TOTAL II (F+G+H+I) 13.384 12.702 680 5%
Cash assets
Bank 2.932 6.212 - 3.280 -53%
Petty cash -
TOTAL (III) 2.932 6.212 - 3.280 -53%
TOTAL ASSETS ( I+II+III) 16.616 19.244 - 2.628 -14%
 REDACHEM INDUSTRIES MAGHREB
1. Draft Financial Statement
1.1. Balance Sheet - Liabilities Year end 31.12.2021
Variation in Variation in
LIABILITIES (in KMAD) 31/12/2021 31/12/2020
value %
SHAREHOLDER'S EQUITY
.Capital 4.300 4.300 - 0%
minus: capital subscribed and not paid-in
including paid up capital as follows:
.Capital and merger premium
.Revaluation difference
.Legal reserve 8 8 - 0%
.Investment reserve
.Other reserves
.Retained earnings -1.910 158 -2.068 -1307%
.Non allocated income -
.Net income of the year 206 -1.509 1.715 -114%
TOTAL OF EQUITY (A) 2.605 2.957 -353 -12%

ASSIMILATED EQUITY (B)

.Investment subsidies
.Regulated provisions

LONG TERM DEBT ( C )

PROVISIONS FOR CONTINGENCIES AND LOSSES (D)

UNREALIZED EXCHANGE GAINS ( E )

TOTAL I (A+B+C+D+E) 2.605 2.957 -352 -12%

CURRENT LIABILITIES (F)

Accounts payable and auxiliary accounts. 1.702 2.767 -1.065 -38%
Accounts payable; prepaids. 9 11 -2 -18%
Staff.
Social security agencies. 29 39 -10 -26%
Tax payable. 2.445 1.945 500 26%
Shareholder's accounts. 8.789 10.362 -1.573 -15%
Other payables. 0 4 -4 -100%
Accruals and deferrals. 0 0 0 100%
OTHER PROVISIONS FOR CONTINGENCIES (G) 10 17 -7 -41%
UNREALIZED EXCHANGE GAINS (H) 211 587 -376 -64%
TOTAL II (F+G+H) 13.195 15.731 -2.536 -16%
BANK OVERDRAFT

Discounted bills. 816 555 261 47%

Treasury loans.
.Bank loans and overdrafts 816
TOTAL (III) 816 555 261 47%
TOTAL LIABILITIES ( I+II+III) 16.616 19.244 -2.628 -14%
1.2. Profit and Loss Year end 31.12.2021
Variation
Compte de Produits et de Charges % Variation in
31/12/2021 31/12/2020 % Sales in
en KMAD Sales value
%
OPERATING REVENUES -
.Sale of goods (as found) 18.639 100% 26.234 100% - 7.595 -29%
.Sale of goods and services -
takeovers, transfers and charges -
.Net Sales 18.639 26.234 - 7.595 -29%
.Changes in inventory -
.Other operating revenues -
.Operating recoveries; expense transfers 3.935 21% 1.235 5% 2.700 219%
TOTAL I 22.574 27.469 - 4.895 -18%
OPERATING EXPENSES
.Purchase of goods sold 14.507 78% 21.118 80% - 6.610 -31%
.Consumed purchase of raw materials
47 148 1% - 101 -68%
and supplies
.Other external expenses 1.506 8% 1.295 5% 211 16%
.Taxes (except corporate taxes) 49 76 - 27 -36%
.Payroll expenses 2.687 14% 2.020 8% 668 33%
.Other operating expenses - -
.Operating allowances 3.368 18% 3.995 15% - 626 -16%
TOTAL II 22.165 28.651 - 6.486 -23%
OPERATING INCOME (I-II) 409 2% - 1.182 -5% 1.591 -135%
FINANCIAL REVENUES
.Revenues from equity shares & financial
securities
.Gain on exchange 108 0,01 158 1% - 50 -32%
.Interests & other financial revenues
.Financial recoveries; expense transfers 17 651 2% - 634 -97%
TOTAL IV 125 809 - 684 -85%
FINANCIAL EXPENSES -
.Interest expenses 26 33 - 7 -21%
.Loss on exchange 146 1% 463 2% - 317 -68%
.Other financial expenses -
.Financial allowances 10 17 - 8 -44%
TOTAL V 182 514 - 331 -64%
FINANCIAL INCOME (IV-V) -57 295 1% - 352 -119%
CURRENT INCOME (III+VI) 352 - 887 1.239 -140%
NON CURRENT REVENUES -
.Proceeds on disposal of fixed assets -
.Received subsidies -
.Recoveries of investment subsidies -
.Other non current revenues 0 1 - 1 -98%
.Non current recoveries; expense
-
transfers
TOTAL VIII 0 1 - 1 -98%
NON CURRENT EXPENSES -
.Net book value of disposed assets -
.Granted subsidies -
.Other non current expenses 37 623 2% - 586 -94%
.Non current allowances -
TOTAL IX 36 623 - 586 -94%
NON CURRENT INCOME (VIII-IX) - 37 - 622 -2% 585 -94%
INCOME BEFORE CORPORATE
315 - 1.509 -6% 1.824 -121%
TAXES (VII+X)
CORPORATE INCOME TAXES 109 - 109
NET INCOME (XI-XII) 206 - 1.509 -6% 1.715 -114%