The basic economic activity of the Joint Stock Company invariably is the production and sale of bull semen, comprising 47.9% of its net turnover in the accounting period, as well as the milk testing and data processing services, which collectively comprise 39.5% of the Company's net turnover. The proportion of the Company's basic activities, if compared with the one in the first three months of 2014, do not show any significant changes.
Company's net turnover in the first three months of 2015 was 252.2 thousand EUR, showing a decrease of 2.9% against the corresponding period in 2014, while Company's profit of 6.5 thousand EUR of the first three months of 2015 shows a decrease of 77.9% against the corresponding period in 2014.
The commercial profitability in the first three months of 2015 was 4.8%, compared to 13.4% in 2014.
Profit or Loss Account for the Period Ended on 31 March 2015
|
2015 EUR |
2014 EUR |
|
| Net sales | 252 541 | 260 064 |
| Changes in stock of ready-made goods and unfinished products | 89 | 13 449 |
| Other operating income | 922 | 2 094 |
| Costs of materials: | (103 115) | (105 749) |
| a) raw materials and auxiliary costs of materials | (74 939) | (77 530) |
| b) other external costs | (28 176) | (28 219) |
| Personnel costs: | (111 938) | (110 285) |
| a) salaries for work | (88 895) | (86 416) |
| b) state social insurance compulsory contributions | (19 621) | (19 571) |
| c) other social insurance costs | (3 422) | (4 298) |
| Write-off of assets and values: | (11 425) | (11 201) |
| a) depreciation of fixed assets and amortization of intangible assets | (11 425) | (11 201) |
| Other operating costs | (15 669) | (13 802) |
| Other interest income and similar income | 1 785 | 1 288 |
| Interest payments and similar costs | (1 072) | (910) |
| Profit or loss before taxes | 12 118 | 34 948 |
| Enterprise income tax in the reporting year | (3 804) | (4 068) |
| Other taxes | (1 854) | (1 635) |
| The profit or loss of the year | 6 460 | 29 245 |
| Equity per 1 share (EPS) | 0.015 | 0.069 |
JSC ‘Siguldas ciltslietu un mākslīgās apsēklošanas 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 the 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 Mālniece
Member of the Management Board, Manager of the Financial and Accounting department
E-mail: valda.malniece@sigmas.lv
