I.2. Approving net profit distribution on 2021, setting the gross dividend per share and the payment term
1. The distribution of profit after the deduction of the profit tax was made in accordance with the provisions of the Government Ordinance 64/2001, with the subsequent amendments and based on Decision of the OGMS no.4/21.04.2021, concerning the approval of the 2021 Income & Expenditure Budget.
The accounting profit of 29,939,404 LEI relative to fiscal year 2021 was distributed as follows:
Destination
Amount(lei)
Profit to distribute:
29,939,404
- legal reserve
0
- other reserves from profit according to the law
27,792,403
dividends, of which: − dividends due to the main shareholder − dividends due to other legal and natural persons
2,147,001 1,138,281 1,008,720
2. As a consequence of applying the Fiscal Code, art. 22, par. 5 "the amount of the profit for which the profit tax exemption was granted, except for the part of the legal reserve, shall be distributed at the end of the financial year, priority being given to the constitution of the reserves, up to the balance of the accounting profit recorded at the end of the financial year".
3. The amounts representing profit tax exemptions and other allocations provided by law are:
• The tax facilities for profits invested in technological equipment, electronic computers and peripheral equipment, home and office machines, control and billing machines, as well as in software programs produced and/or purchased according to Art. 22 paragraph 5 of the Fiscal Code in the amount of 25,302,090 LEI;
• Tax incentives for development and research activities according to art. 20 of the Tax Code in the amount of 2,490,313 LEI;
TOTAL = 27.792.403 lei.
4. Total dividends amounting to 2,147,001 lei, represent the difference between the profit to distribute amounting to 29,939,404 lei and other reserves provided by the law, worth 27,792,403 lei. Dividends are distributed as follows:
•
Ministry of Health (53.0173%)
1,138,281 LEI
•
Other legal entities and individuals (46.9827%)
1,008,720 LEI
The gross dividend per share for the financial year 2021 is 0.0031980923 LEI.
The payment of the dividends for 2021 wil be made starting with 03.10.2022, as per the legal provisions in force.
We mention that the dividend payment value is calculated by rounding to two decimal places.
Consistent with our policies concerning the increase of the turnover, the reduction of costs and bringing of new products to market at more affordable prices that will lead to savings for both the population and the state budget, we continue to pay special attention to the Investment Program for the current period and especially for the Investment Program in 2022.
GENERAL MANAGER
FINANCIAL DIRECTOR
Ec. Ioan NANI
Ec. Paula COMAN
Attachments
Original Link
Original Document
Permalink
Disclaimer
Antibiotice SA published this content on 22 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 March 2022 08:34:06 UTC.
Antibiotice SA is a Romania-based company primarily active in the pharmaceutical industry. The Company manufactures drugs in five pharmaceutical forms: powder for injectable solutions and suspensions, capsules, tablets, suppositories and preparations. The Company's products are designed to treat a range of diseases, including infectious, dermatology, cardiovascular, digestive and musculoskeletal system related. The Company operates eight certified production lines. Its portfolio includes products for human and veterinary use, pharmaceutical ingredients and biological fertilizers. Additionally, the Company is engaged in the research and development activities.
ANTIBIOTICE S.A. 
