ANEXE:

Anexa 1:

CONTUL DE PROFIT SI PIERDERE (CONTUL DE REZULTATE):

CHELTUIELI VENITURI
II.CHELTUIELI PENTRU EXPLOATARE I.VENITURI DIN
EXPLOATARE
Cheltuieli privind marfurile Venituri din vanzarea marfurilor
Cheltuieli cu materiale Productia vanduta
Cheltuieli cu lucrari si servicii executate de terti Cifra de afaceri
Cheltuieli cu impozite, taxe si varsaminte Venituri din productia stocata
asimiliate
Cheltuieli cu personalul Venituri din productia de imobilizari
Alte cheltuieli de exploatare Productia exercitiului
Cheltuieli cu amortizarile si provizioanele Venituri din subventii de exploatare
Alte venituri din exploatare
Venituri din provizioane
A. REZULTATUL DIN EXPLOATARE (I-II)
IV.CHELTUIELI FINANCIARE III.VENITURI FINANCIARE
Pierderi din creante legate de participatii Venituri din participatii ale imonilizarii
financiare si creante imobilizate
Cheltuieli privind titlurile de plasament cedate Venituri dn titluri de plasament
Cheltuieli din diferente de curs valutar Venituri din diferente de curs valutar
Cheltuieli privind dobanzile Venituri din dobanzi
Alte cheltuieli financiare Alte venituri financiare
Cheltuieli privind amortizarile si provizioanele Venituri din provizioane
B. REZULTATUL FINANCIAR (III-IV)
C. REZULTATUL CURENT AL EXERCITIULUI (I+III-II-IV)
VI.CHELTUIELI EXCEPTIONALE V. VENITURI EXCEPTIONALE din:
privind:
Operatii de gestiune Operatii de gestiune
Operatii de capital Operatii de capital
Amortizari si provizioane Provizioane
D. REZULTATUL EXCEPTIONAL (V-VI)
VIII.CHELTUIELI TOTALE VII.VENITURI TOTALE (I+III+V)
(II+IV+VI)
E. REZULTATUL BRUT AL EXERCITIULUI (VII-VIII)
IX. IMPOZIT PE PROFIT
F. REZULTATUL NET AL EXERCITIULUI (E-IX)
Anexa 2:Soldurile intermediare de gestiune (SIG) . Cascada marjelor de profit.

NR.CRT. INDICATORI
1 Venituri din vânzarea mărfurilor
2 – Cheltuieli privind mărfurile
3 = MARJA COMERCIALĂ (MC) (1-2)
4 + Producţia vândută
5 + Productia stocata(Variaţia stocurilor)
6 + Producţia imobilizată
7 = PRODUCŢIA EXERCIŢIULUI (PE) (4+5+6)
8 - Consumuri externe
9 = VALOAREA ADĂUGATĂ (VA) (3+7-8)
10 + Venituri din subvenţii de exploatare
11 – Cheltuieli cu impozite şi taxe
12 – Cheltuieli de personal
13 = EXCEDENTUL BRUT AL EXPLOATĂRII (EBE) (9+10-11-12)
14 + Alte venituri din exploatare
15 – Ajustarea valorii imobilizărilor corporale şi necorporale
16 – Ajustarea valorii activelor circulante
17 – Ajustări privind amortizarea si provizioanele pentru riscuri şi cheltuieli
18 – Alte cheltuieli de exploatare
19 = REZULTATUL EXPLOATĂRII (RE) (13+14-15-16-17-18)
20 + Venituri financiare
21 – Cheltuieli financiare
22 =REZULTATUL FINANCIAR ( 20-21)
23 = REZULTATUL CURENT (RC) (19+22)
24 + Venituri extraordinare
25 – Cheltuieli extraordinare
26 =REZULTATUL EXTRAORDINAR (25-26)
27 =REZULTATUL BRUT AL EXERCITIULUI (22+26)
28 – Impozit pe profit
29 = REZULTATUL NET AL EXERCITIULUI (27-28)

Tabelul nr. 3.2.1 Analiza comparative a Soldurilor de gestiune METROREX S.A. si STB
ANALIZA SOLDURILOR DE GESTIUNE STB

INDICATORI 2013 2014 2015 2016 2017 2018

Venituri din vânzarea 646,668,571.00
mărfurilor
735,587,668.0 675,804,739.0 770,628,910. 770,628,910. 443,721,375.0
0 0 00 00 0
– Cheltuieli privind 911,710,660.00
mărfurile
861,080,329.0 802,519,893.0 770,628,910. 852,640,812. 597,909,908.0
0 0 00 00 0
= MARJA (265,042,089.00)
COMERCIALĂ (MC) (1-
(125,492,661. (126,715,154. - (82,011,902. (154,188,533.
2)
00) 00) 00) 00)
+ Producţia vândută 864,235,717.00

904,546,543.0 810,771,199.0 862,607,425. 862,607,425. 487,161,052.0

0 0 00 00 0
+ Productia -
stocata(Variaţia stocurilor)
- - - - -
+ Producţia imobilizată -

- - - - -
= PRODUCŢIA 864,235,717.00
EXERCIŢIULUI (PE)
904,546,543.0 810,771,199.0 862,607,425. 862,607,425. 487,161,052.0
(4+5+6)
0 0 00 00 0
- Consumuri externe -

1.00 2.00 3.00 4.00 5.00

= VALOAREA 599,193,628.00
ADĂUGATĂ (VA) (3+7-
779,053,881.0 684,056,043.0 862,607,422. 780,595,519. 332,972,514.0
8)
0 0 00 00 0
+ Venituri din subvenţii de 9,254,899.00
exploatare
6,345,563.00 15,893,034.00 - - 7,989,191.00
– Cheltuieli cu impozite şi -
taxe
1.00 2.00 3.00 4.00 5.00
– Cheltuieli de personal 503,803,032.00

489,567,149.0 464,853,421.0 486,089,225. 486,089,225. 344,198,165.0

0 0 00 00 0
= EXCEDENTUL BRUT 104,645,495.00
AL EXPLOATĂRII (EBE)
295,832,294.0 235,095,654.0 376,518,194. 294,506,290. (3,236,465.00
(9+10-11-12)
0 0 00 00 )
+ Alte venituri din -
exploatare
1.00 2.00 3.00 4.00 5.00
– Ajustări privind 20,873,365.00
amortizarea si
161,664,153.0 119,019,073.0 82,758,590.0 82,758,590.0 143,419,025.0
provizioanele pentru
0 0 0 0 0
riscuri şi cheltuieli
– Alte cheltuieli de -
exploatare
- - - - -
= REZULTATUL (20,873,365.00)
EXPLOATĂRII (RE)
(161,664,152. (119,019,071. (82,758,587. (82,758,586. (143,419,020.
 (13+14-15-16-17-18) 00) 00) 00) 00) 00)
+ Venituri financiare 6,008,794.00

5,127,475.00 4,246,156.00 3,364,837.00 2,483,518.00 323,316.00

– Cheltuieli financiare 6,101,992.00

5,184,143.00 4,221,792.00 3,298,327.00 3,298,327.00 320,024.00

=REZULTATUL (93,198.00)
FINANCIAR ( 20-21)
(56,668.00) 24,364.00 66,510.00 (814,809.00) 3,292.00
= REZULTATUL (20,966,563.00)
CURENT (RC) (19+22)
(161,720,820. (118,994,707. (82,692,077. (83,573,395. (143,415,728.
00) 00) 00) 00) 00)
+ Venituri extraordinare -

- - - - -
– Cheltuieli extraordinare -

- - - - -
REZULTATUL -
EXTRAORDINAR (24 -
- - - - -
25)
=REZULTATUL BRUT (93,198.00)
AL EXERCITIULUI
(56,668.00) 24,364.00 66,510.00 (814,809.00) 3,292.00
(22+26)
– Impozit pe profit -

1.00 2.00 3.00 4.00 5.00

= REZULTATUL NET (93,198.00)
AL EXERCITIULUI (27-
(56,669.00) 24,362.00 66,507.00 (814,813.00) 3,287.00
28)

ANALIZA SOLDURILOR DE GESTIUNE METOREX

INDICATORI 2013 2014 2015 2016 2017 2018

Venituri din vânzarea
mărfurilor
526,099,487.00 569,036,251.00 53,776,671.00 280,446,195.00 280,446,195.00 321,438,201.00
– Cheltuieli privind
mărfurile
657,053,991.00 647,968,657.00 658,448,865.00 397,977,968.00 397,977,969.00 606,149,406.00
= MARJA
COMERCIALĂ (MC)
(130,954,504.00 (78,932,406.00) (604,672,194.00 (117,531,773.00 (117,531,774.00 (284,711,205.00
(1-2)
) ) ) ) )
+ Producţia vândută

604,044,258.00 692,169,840.00 179,135,685.00 299,128,119.00 299,128,119.00 393,582,953.00

+ Productia 0 0 0 0 0 0
stocata(Variaţia
stocurilor)
+ Producţia 0 0 0 0 0 0
imobilizată
= PRODUCŢIA
EXERCIŢIULUI (PE)
604,044,258.00 692,169,840.00 179,135,685.00 299,128,119.00 299,128,119.00 393,582,953.00
(4+5+6)
- Consumuri externe 0 0 0 0 0 0
= VALOAREA
ADĂUGATĂ (VA)
473,089,754.00 613,237,433.00 (425,536,511.00 181,596,343.00 181,596,341.00 108,871,743.00
(3+7-8)
)
+ Venituri din
subvenţii de
77,944,771.00 61,583,448.00 32,019,404.00 - - 53,709,562.00
exploatare
– Cheltuieli cu 0 0 0 0 0 0
impozite şi taxe
– Cheltuieli de
personal
288,700,925.00 293,011,035.00 297,959,145.00 186,715,981.00 186,715,981.00 211,720,671.00
= EXCEDENTUL
BRUT AL
262,333,600.00 381,809,845.00 (691,476,254.00 (5,119,641.00) (5,119,644.00) (49,139,371.00)
EXPLOATĂRII
)
(EBE) (9+10-11-12)
+ Alte venituri din 0 0 0 0 0 0
exploatare
– Ajustări privind
amortizarea si
95,697,135.00 98,236,438.00 130,076,153.00 6,891,101.00 6,891,102.00 8,082,056.00
provizioanele pentru
riscuri şi cheltuieli
– Alte cheltuieli de
exploatare
- - - - - -
= REZULTATUL
EXPLOATĂRII (RE)
(95,697,135.00) (98,236,437.00) (130,076,151.00 (6,891,098.00) (6,891,098.00) (8,082,051.00)
(13+14-15-16-17-18)
)
+ Venituri financiare

6,008,794.00 5,127,475.00 4,246,156.00 3,364,837.00 2,483,518.00 323,316.00

– Cheltuieli financiare

12,340,189.00 8,046,862.00 5,347,174.00 503,925.00 503,925.00 231,544.00

=REZULTATUL
FINANCIAR ( 20-21)
(6,331,395.00) (2,919,387.00) (1,101,018.00) 2,860,912.00 1,979,593.00 91,772.00
= REZULTATUL
CURENT (RC)
(102,028,530.00 (101,155,824.00 (131,177,169.00 (4,030,186.00) (4,911,505.00) (7,990,279.00)
(19+22)
) ) )
+ Venituri 0 0 0 0 0 0
extraordinare
– Cheltuieli 0 0 0 0 0 0
extraordinare
REZULTATUL 0 0 0 0 0 0
EXTRAORDINAR
(24 - 25)
=REZULTATUL
BRUT AL
(6,331,395.00) (2,919,387.00) (1,101,018.00) 2,860,912.00 1,979,593.00 91,772.00
EXERCITIULUI
(22+26)
– Impozit pe profit 0 1 2 3 4 5
= REZULTATUL
NET AL
EXERCITIULUI (27- (6,331,395.00) (2,919,388.00) (1,101,020.00) 2,860,909.00 1,979,589.00 91,767.00
28)

ANALIZA POZITIE FINANCIARA METROREX

2013 2014 2015 2016 2017 2018

1. FONDUL DE RULMENT

(94,540,641) 186,194,277 194,060,435 (1,028,969,29 (916,508,921) (172,110,728)

6)
Capital Propriu (+)

568,324,441 900,341,909 1,402,975,592 295,449,108 321,562,458 4,767,783,129

Datorii pe termen lung (+) 825,220

111,878,713 56,823,897 1,709,931 1,419,271 962,601

Active imobilizate (-)

774,743,795 770,971,529 1,210,625,088 1,325,837,675 1,239,033,980 4,940,719,077

2013 2014 2015 2016 2017 2018
1.1. FONDUL DE
RULMENT permanent
(61,005,306) 218,285,361 227,167,754 (1,004,355,61 (892,914,361) (149,751,542)
8)
Active circulante(+)

138,276,127 349,524,576 422,628,504 170,249,694 165,714,938 216,930,739

Cheltuieli in avans (+) 53,721 916,286

62,010 45,371 58,728 820,238

Datorii pe termen scurt (-)

199,343,443 131,284,586 195,519,478 1,174,659,033 1,059,449,537 367,598,567

1.2. FONDUL DE
RULMENT propriu
(206,419,354) 129,370,380 192,350,504 (1,030,388,56 (917,471,522) (172,935,948)
7)
Capital propriu (+)

568,324,441 900,341,909 1,402,975,592 295,449,108 321,562,458 4,767,783,129

Active imobilizate (-)

774,743,795 770,971,529 1,210,625,088 1,325,837,675 1,239,033,980 4,940,719,077

2013 2014 2015 2016 2017 2018

2. NEVOIA DE FOND DE
RULMENT
(122,256,142) (87,639,605) (144,110,182) (1,157,928,72 (1,023,366,40 (243,226,715)
7) 1)
Stocuri(+) 17,365

14,738,655 15,378,054 14,938,348 15,892,772 16,399,246

Creante(+) 788,437

62,294,072 28,238,170 36,427,846 18,868,276 123,438,665

Cheltuieli in avans (+) 53,721 916,286

62,010 45,371 58,728 820,238

Datorii pe termen scurt (-)

199,343,443 131,284,586 195,519,478 1,174,659,033 1,059,449,537 367,598,567

Venituri in avans (-) 4,624.00 464.00
 7,436.00 16,614.00 15,626.00 4,624.00

3. TREZORERIA NETA 2013 2014 2015 2016 2017 2018

ΔFR-ΔNFR 71,115,987

27,715,501 273,833,882 338,170,617 128,959,431 106,857,480

ANALIZA POZITIE FINANCIARA STB

2013 2014 2015 2016 2017 2018

1. FONDUL DE RULMENT 178,129,562

77,078,216 75,690,839 97,217,989 86,947,991 (874,394,349)

Capital Propriu (+) 302,464,713

786,571,773 651,137,374 585,818,107 527,894,538 1,365,771,574

Datorii pe termen lung (+) 1,773,191,921

105,753,230 84,991,677 64,899,622 44,165,003 23,797,986

Active imobilizate (-) 1,897,527,072

815,246,787 660,438,212 553,499,740 485,111,550 2,263,963,909

2013 2014 2015 2016 2017 2018
1.1. FONDUL DE RULMENT 180,096,636
permanent
77,707,915 76,277,456 97,804,606 88,140,527 (872,397,927)
Active circulante(+) 258,842,396

227,903,308 428,671,994 415,922,677 380,628,808 271,919,479

Cheltuieli in avans (+) 1,967,074

629,699 586,617 586,617 1,192,536 1,996,422

Datorii pe termen scurt (-) 80,712,834

150,825,092 352,981,155 318,704,688 293,680,817 1,146,313,828

1.2. FONDUL DE RULMENT propriu (1,595,062,359)

(28,675,014) (9,300,838) 32,318,367 42,782,988 (898,192,335)

Capital propriu (+) 302,464,713

786,571,773 651,137,374 585,818,107 527,894,538 1,365,771,574

Active imobilizate (-) 1,897,527,072

815,246,787 660,438,212 553,499,740 485,111,550 2,263,963,909

2013 2014 2015 2016 2017 2018

2. NEVOIA DE FOND DE RULMENT 163,140,789

11,078,662 (187,903,277) (146,289,967) 69,612,737 (894,385,168)

Stocuri(+) 57,412,377

29,163,855 29,611,014 29,611,014 45,816,842 51,517,683

Creante(+) 184,474,504

132,114,898 134,884,945 142,221,788 316,288,874 198,419,268

Cheltuieli in avans (+) 1,967,074

629,699 586,617 586,617 1,192,536 1,996,422

Datorii pe termen scurt (-) 80,712,834

150,825,092 352,981,155 318,704,688 293,680,817 1,146,313,828

Venituri in avans (-) 331.85

4,698.00 4,698.00 4,698.00 4,698.00 4,713.00

3. TREZORERIA NETA 2013 2014 2015 2016 2017 2018
FR-NFR 14,988,773

65,999,554 263,594,116 243,507,956 17,335,254 19,990,819

ANALIZA FLUX NUMERAR METROREX

2013 2014 2015 2016 2017 2018

1. CASH FLOW GESTIUNE

145,406,23 206,031,767 (312,060,223 68,680,283 68,680,282 (73,222,078)

2 )
Incasari vanzari (+)

526,099,48 569,036,251 53,776,671 280,446,195 280,446,195 321,438,201

7
Plati comerciale(furnizori si
salarii+stat) (-)
7,096,972 7,358,393 8,513,185 4,330,877 4,330,877 6,271,526
Plata dobanzi (-)

12,340,189 8,046,862 5,347,174 503,925 503,925 231,544

Alte cheltuieli de exploatare (-)

361,256,09 347,599,229 351,976,535 206,931,110 206,931,111 388,157,209

4
2014 2014 2015 2016 2017 2018
2. CASH FLOW INVESTITII -

(769,616,320 8,018,422 (1,207,260,2 (112,729,069 87,127,011

) 51) )
Venituri financiare (+)

6,008,794 5,127,475 4,246,156 3,364,837 2,483,518 323,316

Δimobilizari brute (-) -

774,743,795 (3,772,266) 1,210,625,08 115,212,587 (86,803,695)

8

2014 2014 2015 2016 2017 2018

3. CASH FLOW DE FINANTARE  

1,130,119,42 1,185,167,44 1,895,786,80 168,904,806 349,776,104

9 8 3
ΔDatorii (+)

199,343,443 (68,058,857) 195,519,478 979,139,555 (115,209,496)

ΔCapital propriu (+)

568,324,441 332,017,468 1,402,975,59 (1,107,526,4 26,113,350

2 84)
Rezultat net (-) -

(362,451,545 (921,208,837 (297,291,733 (297,291,735 (438,872,250)

) ) ) )
2014 2014 2015 2016 2017 2018
5. CASH FLOW Disponibil -

566,534,876 881,125,647 757,206,835 124,856,019 363,681,037

ANALIZA FLUX NUMERAR STB

2013 2014 2015 2016 2017 2018

1. CASH FLOW GESTIUNE
232,658,9 358,890,345 333,916,475 482,790,898 400,778,996 189,689,608
51
Incasari vanzari (+)
646,668,5 735,587,668 675,804,739 770,628,910 770,628,910 443,721,375
71
Plati comerciale(furnizori si
salarii+stat) (-) 138,456,5 125,480,349 116,354,028 108,186,346 108,186,346 79,536,713
78
Plata dobanzi (-)
6,101,992 5,184,143 4,221,792 3,298,327 3,298,327 320,024
Alte cheltuieli de exploatare
(-) 269,451,0 246,032,831 221,312,444 176,353,339 258,365,241 174,175,030
50
2014 2014 2015 2016 2017 2018
2. CASH FLOW INVESTITII -
(655,310,73 111,184,628 333,500,074 (1,776,368,84 366,760,153
7) 1)
Venituri financiare (+)
6,008,794 5,127,475 4,246,156 3,364,837 2,483,518 323,316
Δimobilizari brute (-) -
660,438,212 (106,938,47 (330,135,23 1,778,852,35 (366,436,837)
2) 7) 9

2014 2014 2015 2016 2017 2018

3. CASH FLOW DE  
FINANTARE 1,745,340,1 604,869,973 472,532,463 2,360,875,92 (1,450,685,07
52 2 2)
ΔDatorii (+)
352,981,155 (34,276,467) 142,855,725 852,633,011 (1,065,600,99
4)
ΔCapital propriu (+)
651,137,374 (65,319,267) (258,677,23 837,877,036 (1,063,306,86
5) 1)
Rezultat net (-) -
(741,221,62 (704,465,70 (588,353,97 (670,365,875) (678,222,783)
3) 7) 3)
2014 2014 2015 2016 2017 2018
5. CASH FLOW Disponibil -
1,448,919,7 1,049,971,0 1,288,823,4 985,286,077 (894,235,311)
60 76 35
.

ANALIZA PE BAZA DE RATE METROREX

1 Rate de rotatie        
 
             
  2013 2014 2015 2016 2017 2018
RATA OB.
INVENTAR 0.48 0.49 0.56 0.28 0.27 0.76
Cheltuieli cu
vanzari si 7,096,972.0 7,358,393.00 8,513,185.00 4,330,877.00 4,330,877.00 6,271,526.00
distributie 0
Obiecte de
inventar 14,738,655. 15,058,354.5 15,158,201.0 15,415,560.0 16,146,009.0 8,208,305.50
(valoare medie 00 0 0 0 0
pe 2 ani)
VITEZA DE
ROTATIE OB. 758.01 746.94 649.90 1,299.20 1,360.76 477.72
INVENTAR

RATA
CREANTE 9.70 15.29 5.54 16.08 30.44 5.53
Cifra afaceri
604,044,258 692,169,840. 179,135,685. 299,128,119. 299,128,119. 393,582,953.
.00 00 00 00 00 00
Creante
(valoare medie 62,294,072. 45,266,121.0 32,333,008.0 18,608,141.5 9,828,356.50 71,153,470.5
pe 2 ani) 00 0 0 0 0
VITEZA DE
ROTATIE 37.64 23.87 65.88 22.71 11.99 65.99
CREANTELO
R

DATORII PE
TERMEN 6.25 7.16 6.09 3.19 3.41 5.72
SCURT
Cheltuieli
exploatare 657,053,991 647,968,657. 658,448,865. 397,977,968. 397,977,969. 606,149,406.
.00 00 00 00 00 00
Datorii
furnizori 105,157,474 90,560,734.5 108,062,934. 124,611,232. 116,605,633. 105,943,673.
.00 0 50 50 50 00
VITEZA DE
ROTATIE 58.42 51.01 59.90 114.29 106.94 63.80
DATORII PE
TERMEN
SCURT

RENTABLITA -989.14% 880.78% 80.45% -76.97% -31.52% -88.08%

TEA
WORKING
CAPITAL
Cifra de afaceri
604,044,258 692,169,840. 179,135,685. 299,128,119. 299,128,119. 393,582,953.
.00 00 00 00 00 00
Working capital
(61,067,316 78,586,337.0 222,674,508. (388,650,156 (949,071,969 (446,867,299
.00) 0 00 .50) .00) .50)

RENTABLITA 66.16% 68.08% 13.01% 19.12% 20.62% 12.00%

TEA
ACTIVELOR
Cifra de afaceri
604,044,258 692,169,840. 179,135,685. 299,128,119. 299,128,119. 393,582,953.
.00 00 00 00 00 00
Total
active(valoare 913,019,922 1,016,758,01 1,376,874,84 1,564,670,48 1,450,418,14 3,281,199,36
medie pe 2 ani) .00 3.50 8.50 0.50 3.50 7.00

2 Indicatori de lichiditate
2013 2014 2015 2016 2017 2018
LICHIDITAT
EA 0.69 2.66 2.16 0.14 0.16 0.59
CURENTA
Active
circulante 138,276,127.0 349,524,576.0 422,628,504.0 170,249,694.0 165,714,938.0 216,930,739.00
0 0 0 0 0
Datorii pe
termen scurt 199,343,443.0 131,284,586.0 195,519,478.0 1,174,659,033. 1,059,449,537. 367,598,567.00
0 0 0 00 00
LICHIDITAT
EA 0.62 2.55 2.09 0.13 0.14 0.59
IMEDIATA
Active
circulante (+) 138,276,127.0 349,524,576.0 422,628,504.0 170,249,694.0 165,714,938.0 216,930,739.00
0 0 0 0 0
Stocuri (-)

14,738,655.00 15,378,054.00 14,938,348.00 15,892,772.00 16,399,246.00 17,365.00

Datorii pe
termen scurt 199,343,443.0 131,284,586.0 195,519,478.0 1,174,659,033. 1,059,449,537. 367,598,567.00
0 0 0 00 00
Test acid

0.31 0.65 0.72 0.13 0.12 0.20

Cash si active
foarte lichide 61,181,390.00 85,708,785.00 140,925,582.0 153,514,764.0 129,627,178.0 74,681,197.00
0 0 0
Datorii pe
termen scurt 199,343,443.0 131,284,586.0 195,519,478.0 1,174,659,033. 1,059,449,537. 367,598,567.00
0 0 0 00 00
3 Indicatori de solvabilitate
2013 2014 2015 2016 2017 2018
RATA
DATORII - 0.61 0.24 0.16 4.06 3.37 0.08
CAPITAL
PROPRIU
Total Datorii

344,695,481.0 220,154,196.0 230,278,000.0 1,200,638,261. 1,083,186,460. 389,866,687.00

0 0 0 00 00
Capital Propriu

568,324,441.0 900,341,909.0 1,402,975,592. 295,449,108.0 321,562,458.0 4,767,783,129.

0 0 00 0 0 00
LEVIERUL
FINANCIAR 1.61 1.24 1.16 5.06 4.37 1.08
Activ

913,019,922.0 1,120,496,105. 1,633,253,592. 1,496,087,369. 1,404,748,918. 5,157,649,816.

0 00 00 00 00 00
Capital Propriu

568,324,441.0 900,341,909.0 1,402,975,592. 295,449,108.0 321,562,458.0 4,767,783,129.

0 0 00 0 0 00
GRADUL DE
ACOPERIRE (36.02) (44.04) (171.28) (588.95) (588.95) (1,894.42)
A DOBANZII
EBIT

(444,504,765.0 (354,404,683.0 (915,861,663.0 (296,787,808.0 (296,787,810.0 (438,640,706.0

0) 0) 0) 0) 0) 0)
Cheltuieli cu
dobanzile 12,340,189.00 8,046,862.00 5,347,174.00 503,925.00 503,925.00 231,544.00

4 Indicatori de profitabilitate      
  
  2013 2014 2015 2016 2017 2018
4.1 Profitabilitatea activitatii comerciale      
MARJA
COMERCIALA (0.09) 0.06 (2.68) (0.33) (0.33) (0.54)
Rezultat Brut

(53,009,733.0 44,201,183.00 (479,313,180.0 (98,849,849.00 (98,849,850.00 (212,566,453.0

0) 0) ) ) 0)
Cifra de afaceri

604,044,258.0 692,169,840.0 179,135,685.0 299,128,119.0 299,128,119.0 393,582,953.0

0 0 0 0 0 0
MARJA
OPERATIONA 0.87 0.82 0.30 0.94 0.94 0.82
LA
Venit din
exploatare 526,099,487.0 569,036,251.0 53,776,671.00 280,446,195.0 280,446,195.0 321,438,201.0
0 0 0 0 0
Cifra de afaceri

604,044,258.0 692,169,840.0 179,135,685.0 299,128,119.0 299,128,119.0 393,582,953.0

0 0 0 0 0 0
MARJA
INAINTE DE (0.74) (0.51) (5.11) (0.99) (0.99) (1.11)
TAXE
EBIT

(444,504,765. (354,404,683.0 (915,861,663.0 (296,787,808.0 (296,787,810.0 (438,640,706.0

00) 0) 0) 0) 0) 0)
Cifra de afaceri

604,044,258.0 692,169,840.0 179,135,685.0 299,128,119.0 299,128,119.0 393,582,953.0

0 0 0 0 0 0
MARJA DE
PROFIT NET (0.76) (0.52) (5.14) (0.99) (0.99) (1.12)
Rezultat Net

(456,844,954. (362,451,545.0 (921,208,837.0 (297,291,733.0 (297,291,735.0 (438,872,250.0

00) 0) 0) 0) 0) 0)
Cifra de afaceri

604,044,258.0 692,169,840.0 179,135,685.0 299,128,119.0 299,128,119.0 393,582,953.0

0 0 0 0 0 0
             
4.2. Profitabilitatea activitatii investitionale       
  2013 2014 2015 2016 2017 2018
RETURN ON
ASSETS (0.50) (0.36) (0.67) (0.19) (0.20) (0.13)
Rezultat Net

(456,844,954. (362,451,545.0 (921,208,837.0 (297,291,733.0 (297,291,735.0 (438,872,250.0

00) 0) 0) 0) 0) 0)
Total Active
(valoare medie 913,019,922.0 1,016,758,013. 1,376,874,848. 1,564,670,480. 1,450,418,143. 3,281,199,367.
pe 2 ani) 0 50 50 50 50 00
RETURN ON
EQUITY (0.80) (0.49) (0.80) (0.35) (0.96) (0.17)
Rezultat Net

(456,844,954. (362,451,545.0 (921,208,837.0 (297,291,733.0 (297,291,735.0 (438,872,250.0

00) 0) 0) 0) 0) 0)
Capital
propriu(valoare 568,324,441.0 734,333,175.0 1,151,658,750. 849,212,350.0 308,505,783.0 2,544,672,793.
medie pe 2 ani) 0 0 50 0 0 50

ANALIZA PE BAZA DE RATE STB

1 Rate de rotatie          
             
  2013 2014 2015 2016 2017 2018
RATA OB. INVENTAR
4.71 4.24 3.09 2.22 1.99 2.77
Cheltuieli cu vanzari si distributie
138,456,578.00 125,480,3 116,354,0 108,186,34 108,186,3 79,536,71
49.00 28.00 6.00 46.00 3.00
Obiecte de inventar (valoare
medie pe 2 ani) 29,387,434.50 29,611,01 37,713,92 48,667,262 54,465,03 28,706,18
4.00 8.00 .50 0.00 8.51
VITEZA DE ROTATIE OB.
INVENTAR 77.47 86.13 118.31 164.19 183.75 131.73

RATA CREANTE
6.47 6.53 3.54 3.35 4.51 5.28
Cifra afaceri
 864,235,717.00 904,546,5 810,771,1 862,607,42 862,607,4 487,161,0
43.00 99.00 5.00 25.00 52.00
Creante (valoare medie pe 2 ani)
133,499,921.50 138,553,3 229,255,3 257,354,07 191,446,8 92,237,25
66.50 31.00 1.00 86.00 2.04
VITEZA DE ROTATIE CREANTELOR
56.38 55.91 103.21 108.90 81.01 69.11

DATORII PE TERMEN SCURT

40.41 34.89 27.97 18.28 29.57 315.27
Cheltuieli exploatare
911,710,660.00 861,080,3 802,519,8 770,628,91 852,640,8 597,909,9
29.00 93.00 0.00 12.00 08.00
Datorii furnizori
22,561,023.50 24,677,12 28,696,95 42,148,441 28,830,93 1,896,475.
0.00 0.00 .00 0.59 60
VITEZA DE ROTATIE DATORII PE
TERMEN SCURT 9.03 10.46 13.05 19.96 12.34 1.16

RENTABLITATEA WORKING 11 10 9 -2 -2 12770634

CAPITAL 6815488
Cifra de afaceri
864,235,717.00 904,546,5 810,771,1 862,607,42 862,607,4 487,161,0
43.00 99.00 5.00 25.00 52.00
Working capital
76,384,527.50 86,454,41 92,082,99 (393,723,1 (437,197,1 0.00
4.00 0.00 79.00) 74.50)

RENTABLITATEA ACTIVELOR 81.06% 87.88% 88.36% 50.72% 36.77% 45.18%

Cifra de afaceri
864,235,717.00 904,546,5 810,771,1 862,607,42 862,607,4 487,161,0
43.00 99.00 5.00 25.00 52.00
Total active(valoare medie pe 2
ani) 1,066,130,150.50 1,029,266, 917,581,3 1,700,811, 2,346,126, 1,078,184,
311.50 87.50 873.00 427.83 734.33

2 Indicatori de lichiditate
2013 2014 2015 2016 2017 2018
LICHIDITATEA
CURENTA 1.21 1.31 1.30 0.24 3.21 0.24
Active circulante 10.72%
428,671,994.0 415,922,677. 380,628,808. 271,919,479.0 258,842,396.0
0 00 00 0 0
Datorii pe termen 45.20%
scurt 352,981,155.0 318,704,688. 293,680,817. 1,146,313,828 80,712,833.88
0 00 00 .00
LICHIDITATEA
IMEDIATA 1.13 1.21 1.14 0.19 2.50 0.19
Active circulante (+)
428,671,994.0 415,922,677. 380,628,808. 271,919,479.0 258,842,396.0 0.11
0 00 00 0 0
Stocuri (-) 2.03%
 29,611,014.00 29,611,014.0 45,816,842.0 51,517,683.00 57,412,377.00
0 0
Datorii pe termen
scurt 352,981,155.0 318,704,688. 293,680,817. 1,146,313,828 80,712,833.88 0.45
0 00 00 .00
TEST ACID
0.04 0.05 0.06 0.02 0.19 0.02
Cash si active foarte 0.79%
lichide 15,828,179.00 15,828,179.0 17,330,556.0 19,986,106.00 14,988,441.00
0 0
Datorii pe termen
scurt 352,981,155.0 318,704,688. 293,680,817. 1,146,313,828 80,712,833.88 0.45
0 00 00 .00
3 Indicatori de solvabilitate
2013 2014 2015 2016 2017 2018
DATORII RAPORTATE
LA CPR 0.67 0.65 0.64 0.86 6.13 3.29
Total Datorii 46.14%
437,972,832.0 383,604,310. 337,845,820. 1,170,111,814 1,853,904,754
0 00 00 .00 .65
Capital Propriu 14.03%
651,137,374.0 585,818,107. 527,894,538. 1,365,771,574 302,464,713.0
0 00 00 .00 0
LEVIERUL FINANCIAR
1.67 1.65 1.64 1.86 7.13 7.13
Activ 100.00%
1,089,110,206 969,422,417. 865,740,358. 2,535,883,388 2,156,369,467
.00 00 00 .00 .65
Capital Propriu
651,137,374.0 585,818,107. 527,894,538. 1,365,771,574 302,464,713.0 0.14
0 00 00 .00 0
GRADUL DE
ACOPERIRE A (116.46) (141.44) (163.91) (177.38) (202.24) (2,118.29)
DOBANZII
EBIT
(710,607,918. (733,245,437. (691,975,216. (585,055,646. (667,067,548. (677,902,759.
00) 00) 00) 00) 00) 00)
Cheltuieli cu
dobanzile 6,101,992.00 5,184,143.00 4,221,792.00 3,298,327.00 3,298,327.00 320,024.00

4 Indicatori de profitabilitate        
 
  2013 2014 2015 2016 2017 2018
4.1 Profitabilitatea activitatii comerciale        
MARJA 0.05 0.01 0.01
COMERCIALA (0.05) 0.11 (0.23)
Rezultat Brut
(47,474,943.00 43,466,214.00 8,251,306.00 91,978,515.00 9,966,613.00 (110,748,856.0
) 0)
Cifra de
afaceri 864,235,717.0 904,546,543.00 810,771,199.0 862,607,425.0 862,607,425.00 487,161,052.00
0 0 0
MARJA 0.81 0.83 0.89 0.91
OPERATIONA 0.75 0.89
LA
Venit din
exploatare 646,668,571.0 735,587,668.00 675,804,739.0 770,628,910.0 770,628,910.00 443,721,375.00
0 0 0
Cifra de
afaceri 864,235,717.0 904,546,543.00 810,771,199.0 862,607,425.0 862,607,425.00 487,161,052.00
0 0 0
MARJA
INAINTE DE (0.82) (0.81) (0.85) (0.68) (0.77) (1.39)
TAXE
EBIT
(710,607,918.0 (733,245,437.0 (691,975,216.0 (585,055,646.0 (667,067,548.0 (677,902,759.0
0) 0) 0) 0) 0) 0)
Cifra de
afaceri 864,235,717.0 904,546,543.00 810,771,199.0 862,607,425.0 862,607,425.00 487,161,052.00
0 0 0
MARJA DE
PROFIT NET (0.83) (0.82) (0.87) (0.68) (0.78) (1.39)
Rezultat Net
(716,709,910.0 (741,221,623.0 (704,465,707.0 (588,353,973.0 (670,365,875.0 (678,222,783.0
0) 0) 0) 0) 0) 0)
Cifra de
afaceri 864,235,717.0 904,546,543.00 810,771,199.0 862,607,425.0 862,607,425.00 487,161,052.00
0 0 0
             
4.2. Profitabilitatea activitatii investitionale         
  2013 2014 2015 2016 2017 2018
RETURN ON
ASSETS (0.66) (0.72) (0.77) (0.35) (0.29) (0.63)
Rezultat Net
(716,709,910.0 (741,221,623.0 (704,465,707.0 (588,353,973.0 (670,365,875.0 (678,222,783.0
0) 0) 0) 0) 0) 0)
Total Active
(valoare 1,089,110,206. 1,029,266,311. 917,581,387.5 1,700,811,873. 2,346,126,427. 1,078,184,734.
medie pe 2 00 50 0 00 83 33
ani)
RETURN ON
EQUITY (1.10) (1.20) (1.27) (0.62) (0.80) (4.48)
Rezultat Net
(716,709,910.0 (741,221,623.0 (704,465,707.0 (588,353,973.0 (670,365,875.0 (678,222,783.0
0) 0) 0) 0) 0) 0)
Capital
propriu(valoa 651,137,374.0 618,477,740.50 556,856,322.5 946,833,056.0 834,118,143.50 151,232,356.57
re medie pe 2 0 0 0
ani)