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OJSC PhosAgro: PhosAgro Reports 1Q 2021 Financial -3-

05/19/2021 | 03:02am EDT
Total comprehensive income/(loss) for the period              18,558           (13,002) 
 
 
Attributable to: 
Non-controlling interests*                                    (9)              (1) 
Shareholders of the Parent                                    18,567           (13,001) 
 
RUB million                                       31 March 2021 31 December 2020 
 
Assets 
Property, plant and equipment                     221,860       220,031 
Advances issued for property, plant and equipment 9,469         7,835 
Deferred tax assets                               7,934         7,462 
Right-of-use assets                               7,245         7,335 
Non-current spare parts                           4,329         4,308 
Catalysts                                         2,219         2,292 
Intangible assets                                 1,570         1,621 
Other non-current assets                          969           948 
Investments in associates                         564           556 
 
Non-current assets                                256,159       252,388 
 
Trade and other receivables                       24,202        17,515 
Inventories                                       26,680        30,580 
Cash and cash equivalents                         17,915        8,460 
VAT and other taxes receivable                    8,823         10,285 
Income tax receivable                             467           479 
Other financial assets                            265           311 
 
Current assets                                    78,352        67,630 
 
Total assets                                      334,511       320,018 
 
Equity 
Share capital                                     372           372 
Share premium                                     7,494         7,494 
Retained earnings                                 109,110       90,757 
Actuarial losses                                  (717)         (717) 
Foreign currency translation reserve              9,795         9,581 
Equity attributable to shareholders of the Parent 126,054       107,487 
Equity attributable to non-controlling interests  120           129 
 
 
Total equity                                      126,174       107,616 
 
Liabilities 
Loans and borrowings                              106,116       103,824 
Deferred tax liabilities                          11,942        11,578 
Lease liabilities                                 4,044         4,268 
Defined benefit obligations                       926           945 
 
Non-current liabilities                           123,028       120,615 
 
Loans and borrowings                              51,111        55,316 
Trade and other payables                          24,540        29,869 
Income tax payable                                4,133         1,000 
VAT and other taxes payable                       3,493         3,675 
Lease liabilities                                 2,032         1,927 
 
Current liabilities                               85,309        91,787 
 
Total equity and liabilities                      334,511       320,018 
 
                                                                        Three months ended 31 March 
RUB million                                                             2021          2020 
 
Cash flows from operating activities 
Operating profit                                                        26,802        13,784 
Adjustments for: 
Depreciation and amortisation                                           7,507         6,954 
Loss on disposal of property, plant and equipment and intangible assets 112           7 
Operating profit before changes in working capital and provisions       34,421        20,745 
Decrease in inventories, catalysts and non-current spare parts          3,163         3,244 
(Increase)/decrease in trade and other receivables                      (5,853)       39 
(Decrease)/increase in trade and other payables                         (4,525)       4,018 
Cash flows from operations before income taxes and interest paid        27,206        28,046 
Income tax paid                                                         (1,228)       (537) 
Finance costs paid                                                      (607)         (483) 
 
 
Cash flows from operating activities                                    25,371        27,026 
 
 
Cash flows from investing activities 
Acquisition of property, plant and equipment and intangible assets      (9,909)       (8,752) 
Borrowing cost capitalised                                              (302)         (279) 
Other                                                                   55            258 
 
 
Cash flows used in investing activities                                 (10,156)      (8,773) 
 
 
Cash flows from financing activities 
Proceeds from borrowings, net of transaction costs                      2,802         39,210 
Repayment of borrowings                                                 (8,130)       (41,059) 
Dividends paid to shareholders of the Parent                            -             (6,216) 
Lease payments                                                          (482)         (522) 
 
 
Cash flows used in financing activities                                 (5,810)       (8,587) 
 
 
Net increase in cash and cash equivalents                               9,405         9,666 
 
 
Cash and cash equivalents at 1 January                                  8,460         8,236 
Effect of exchange rates fluctuations                                   50            2,977 
 
 
Cash and cash equivalents at 31 March                                   17,915        20,879 
 ----------------------------------------------------------------------------------------------------------------------- 
ISIN:           US71922G2093 
Category Code:  QRF 
TIDM:           PHOR 
LEI Code:       25340053KRUNNYUWF472 
OAM Categories: 2.2. Inside information 
Sequence No.:   105909 
EQS News ID:    1198109 
 
End of Announcement  EQS News Service 
=------------------------------------------------------------------------------------
 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1198109&application_name=news 
 

(END) Dow Jones Newswires

May 19, 2021 03:01 ET (07:01 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.48% 34584.88 Delayed Quote.13.75%
PUBLIC JOINT-STOCK COMPANY PHOSAGRO -3.41% 4950 End-of-day quote.58.00%
QRF 1.33% 11.4 Real-time Quote.0.44%
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