The Company’s net turnover in 2021 was 1.4 million euros, which is by 153 thousand euros or 12.3% bigger than in 2020.
The proportion of the revenue from the Company’s basic economic activities, if compared to year 2020, had not changed substantially − the revenue from the sales of the bull semen comprised 58.8% of the net turnover, whereas the milk laboratory services and processing of supervisory data services, taken together, accounted for 31.3% of the net turnover.
2021 ended with a profit of 97 thousand euros. Compared to 2020, profit before taxes for the reporting year has decreased by 7 thousand euros, mainly due to the increase in costs of materials.
The Covid-19 outbreak did not substantially affect the Company's business, financial condition and economic indicators.
PROFIT OR LOSS ACCOUNT
| 2021 EUR | 2020 EUR | |
| Net sales: | 1 389 544 | 1 236 904 |
| a) from agricultural activities | 1 389 544 | 1 236 904 |
| Changes in stock or ready-made goods and unfinished products | (4 348) | 30 132 |
| Other operating income | 61 177 | 63 112 |
| Costs of materials: | (672 269) | (554 663) |
| a) raw materials and auxiliary costs of materials | (557 973) | (448 270) |
| b) other external costs | (114 296) | (106 393) |
| Personnel costs: | (493 561) | (478 648) |
| a) salaries for work | (393 590) | (380 057) |
| b) state social insurance compulsory contributions | (88 900) | (87 204) |
| c) other social insurance costs | (11 071) | (11 387) |
| Depreciation adjustments: | (106 749) | (114 354) |
| a) depreciation adjustments of fixed and intangible assets | (57 495) | (57 826) |
| b) depreciation adjustments of current assets which the company considers to be above the normal write-off amounts | (49 254) | (56 528) |
| Other operating costs | (73 148) | (75 665) |
| Profit or loss before enterprise income tax | 100 646 | 106 818 |
| Enterprise income tax for the reporting year | 3 850 | 2 750 |
| Profit or loss after enterprise income tax calculation | 96 796 | 104 068 |
| The profit or loss for the year | 96 796 | 104 068 |
| Earnings per 1 share (EPS) | 0.229 | 0.246 |
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 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
Attachments
- Siguldas_CMAS_Annual_report_for_2021
- Siguldas_CMAS_Corporate_Governance_report_2021
- Siguldas_CMAS_Supervisory_Board_Report_2021
- Siguldas_CMAS_remuneration_report_ 2021
- Siguldas_CMAS_Annual_report_for_2021
