The results translate into real business activity created and services provided. They are designed to meet consumption needs in society.These results, subject to the existence market reach consumers through the sale and purchase, so through their expression monetary funds. Therefore, the results of the company have, on the one hand a physical expression, on the other hand, a monetary expression. Physical expression is done through natural-physical units used to measure the quantity of goods produced by the enterprise. These units vary depending on the specific physical goods produced (meters, liters, pairs etc.). And measurement units used in natural-conventional, in cases when there are goods of the same type but with different characteristics. Expression of cash (money) is undertaking more comprehensive results. Thus, the overall results may be expressed through turnover, the final results on the indicator value added tax results through net profit

MEDELETE, D. M.

PANZARU, R. L.

Annals of the University of Craiova - Agriculture, Montanology, Cadastre Series

Analele Universităţii din Craiova, seria Agricultură – Montanologie – Cadastru (Annals of the University of Craiova - Agriculture,Montanology, Cadastre Series) Vol. XLVI 2016505RESULTS OF ECONOMIC ACTIVITY INS.C. URBANPROAS LLC CRAIOVAPânzaru R.L., Medelete D.M.Faculty of Agronomy, University of CraiovaKey words: expenses, profit and loss, income, profit, revenueABSTRACTThe results translate into real business activity created and services provided. Theyare designed to meet consumption needs in society.These results, subject to the existence market reach consumers through the sale andpurchase, so through their expression monetary funds. Therefore, the results of thecompany have, on the one hand a physical expression, on the other hand, a monetaryexpression.Physical expression is done through natural-physical units used to measure thequantity of goods produced by the enterprise. These units vary depending on the specificphysical goods produced (meters, liters, pairs etc.). And measurement units used in natural-conventional, in cases when there are goods of the same type but with differentcharacteristics.Expression of cash (money) is undertaking more comprehensive results. Thus, theoverall results may be expressed through turnover, the final results on the indicator valueadded tax results through net profit.INTRODUCTIONThe unit was established in 2003 (November 20), having as main activity is trade thatcorresponds to NACE group 742, and the main activity is coded to Class 7420 "activities ofarchitecture, engineering and technical consulting services related thereto." During itsexistence, the company can run and other activities classified as follows: NACE groups 201 –205; 300, 361, 366, 371 and 372; 451 - 455; 501 – 505, 511 – 515, 518 -519, 521 – 527, 551 -555; 602, 631 - 634; 701 – 702, 711 – 714, 741 – 748; 930.At establishment, the unit decided a share capital of 2,000,000 ROL, divided into 20shares (ROL 100,000 each).Constitutive Act contains rules on how to increase or decrease the capital, says theperson in charge of management of the company, the arrangements for the transfer of shares,how to achieve effective management, ways to use the benefits, the establishment of reservefunds amortization fixed assets, relationships with third parties, merger, demerger, dissolution,property insurance, dispute resolution.From the time of incorporation to date, the company has undergone sometransformations that are reported in addenda.In 2008, the Trade Register Office attached to Dolj Court issued a Foundation Certificatecertifying the address where is the registered office of the company and that it meets the specificoperating activity declared: CAEN code 7112 Activities engineering and related technicalconsultancy.METHOD AND MATERIALIn the literature, it records a complex of methods used to quantify phenomena thatoccur on farms.Preparation of the study, called the time comparison method. In addition to temporalsequences included in the analysis (in 2012, 2013 and 2014), it has operated and theaverage of these.Analele Universităţii din Craiova, seria Agricultură – Montanologie – Cadastru (Annals of the University of Craiova - Agriculture,Montanology, Cadastre Series) Vol. XLVI 2016506For the work, they are determined according to the methodology recommended andperformed indicators, grouped into three categories: indicators of income - turnover, production sold, revenues from the sale ofgoods, income subsidies, net turnover, income related to the cost of productionin progress, other operating income, operating income, interest income, incomefinancial and other financial income, income from investments, income fromother investments and loans, value adjustments on financial assets andinvestments held as assets, extraordinary income, total revenues; indicators expenses: raw materials and other material expenses, expenses(water, energy), total expenses materials and related goods, wages, securitycharges, staff costs, adjustments for property, other operating expenses(external services, other taxes - taxes - payments, damages donationstransferred assets), total operating expenses, interest expense and otherfinancial expense, total financial expenses, extraordinary expenses, totalexpenses; profitability indicators: profit or loss from operations, profit or loss Financialprofit or loss Current profit or loss Extraordinary profit or loss Gross profit tax,net profit or loss, the rate of profit or loss from operations, profit rate or currentloss rate of profit or financial loss, loss of profit or extraordinary rate, gross profitor loss rate, the rate of net profit or loss.RESULTS AND DISCUSSIONSTable 1 shows the indicators of income for the years 2012, 2013 and 2014.Table 1.Indicators of income-lei-No. Specification2012 2013 2014 Average**Eff. * Eff. * 2013/2012** Eff.* 2014/2013** Eff.Average/20141. Production sold 41030 19150 46,67 50100 261,62 36760 73,372 Net turnover(Equal to 1) 41030 19150 46,67 50100 261,62 36760 73,37I Operating income(Equal to 2) 41030 19150 46,67 50100 261,62 36760 73,373 Interest income - 41 100 - - 13,67 -4 Other incomes - - - - - - -II Financial income(3+4) - 41 100 - - 13,67 -III Extraordinaryincome - - - - - - -IV Total income(I+II+III) 41030 19191 46,77 50100 261,06 36773,67 73,40* extracts from the profit and loss account (2012 – 2014)** own calculation;The first indicator of income is the production sold. This indicator varied unevenly thelevel of 41030 lei in 2012, being followed by a value of 19150 lei for 2013 (-53.33% in dynamic),then the indicator increase to 50100 lei at 2014 (overrun by 2.61 times the reporting base). Inthese circumstances the average period reached 36760 lei, which resulted in a decrease of26.63% compared with the previous term of the dynamic series.Sold production was identical to the turnover since the company did not record anyincome from the sale of goods and income from subsidies.Operating income is calculated by adding the turnover, cost of production related incomein progress and other income. Following this situation operating revenues are equal to the soldAnalele Universităţii din Craiova, seria Agricultură – Montanologie – Cadastru (Annals of the University of Craiova - Agriculture,Montanology, Cadastre Series) Vol. XLVI 2016507production and turnover since the company did not record any income related to the cost ofproduction in progress and no other income.The unit recorded interest income of only 41 lei in 2013.The Company has not recorded other financial income and as a result total revenuewere: 41030 lei in 2012; 19191 lei in 2013 (46.77% compared to previous year); 50100 lei in2014 (+ 161.06% compared to the reporting base); 36773.67 lei for the period average (73.40%against the comparative limit).Table 2 shows the level of indicators of expenditure for the period under review. Refer tooperating expenses, financial expenses, extraordinary expenses and total expenses.Table 2.Indicators of spending-lei-No. Specification2012 2013 2014 Average**Eff. * Eff. * 2013/2012** Eff.* Eff. * Eff. * 2013/2012**1 Raw materials and consumables - - - - - - -2 Other material expenses 60 71 118,33 667 9,39times 266 39,883 Total material expenses and related togoods (1+2) 60 71 118,33 6679,39times 266 39,884 Salaries 8469 8665 102,31 6000 69,24 7711,33 128,525 Insurance costs 2357 2629 111,54 1593 60,59 2193 137,666 Personnel expenses (4+5) 10826 11294 104,32 7593 67,23 9904,33 130,447 Adjustments for property 3575 3575 100,0 3575 100,0 3575 100,08 Expenditure on external services 1901 3678 193,48 2902 78,90 2827 97,429 Other taxes, duties and assimilatedpayments - - - - - - -10 Other expenses - - - - - - -11Other operating expenses (externalservices, other taxes - taxes - contributions,donations compensation, assetstransferred) (8+9+10)1901 3678 193,48 2902 78,90 2827 97,42I Total operational expenses (3+6+11) 16362 18618 113,79 14737 79,15 16572,33 112,4512 Interest charges - - - - - - -13 Other financial charges - - - - - - -II Financial charges (12+13) - - - - - - -III Extraordinary charges - - - - - - -IV Total expenses (I+II+III) 16362 18618 113,79 14737 79,15 16572,33 112,45* extracts from the profit and loss account (2012 – 2014)** own calculationThe Company has not recorded expenses for raw materials and consumables.Other material costs have an average of 266 lei (-60.12% dynamic), with participation inthe level of temporal sequence of 60 lei in 2012; 71 lei in 2013 (+ 18.33%); 667 lei in 2014 (9.39times exceeded the previous term dynamic of the series).The unit did not record expenditure on goods and did not benefit from trade discounts.Following this situation, the total expenditure relating to goods and materials was identical tothe situation for other expenses specified materials.Wages increased from 8469 lei in 2012 to 2.31% in 2013 (8665 lei) and then decreasedby 30.76% for 2014 (6000 lei). The average of period exceeding the compared term with28.52% - 7711.33 lei.Insurance spending have averaged 2193 (+ 37.66% over the reporting basis), withextremes of 1593 lei in 2014 and 2629 lei in 2013 (+ 11.54% in dynamics).Based on salaries and insurance were determined personnel costs. The indicator has,for this period, values as follows: 10826 lei in 2012; 11294 lei in the year 2013; 7593 lei for 2014;9904.33 lei for average of the period. Can discuss an uneven trend of indicator highlighted byAnalele Universităţii din Craiova, seria Agricultură – Montanologie – Cadastru (Annals of the University of Craiova - Agriculture,Montanology, Cadastre Series) Vol. XLVI 2016508the overruns of reference terms as follows: 4.32% for 2013 and 30.44% in the period average.If evolution is decreasing 2014: -32.77% versus the reference term.Another item of expenditure is known as adjustments for property, indicator which has alinear regression. Year indicator level was constant for the period 2012 - 2014 lei 3575respectively.Expenditure on external services were 1901 lei in 2012, increased by 93.48% in 2013(3678 lei) and decreased by 21.10% in 2014 (2902 lei), while the average period was lower by2.58% over the reporting limit (2827 lei).The Company has not recorded expenses with other taxes, duties and assimilatedpayments or item "other expenses". Under these conditions, the indicator other operatingexpenses, was identical to the situation specified for external services expenses.Total operating expenses were based on total expenditure relating to goods andmaterials, personnel costs, adjustments for property and other operating expenses. Based onindicator values, previously named, has been reached sequential levels of: 16362 lei in 2012;18618 lei for 2013 (+ 13.79% in dynamics); 14737 lei at the level of 2014 (-20.85% comparedto term of reference); 16572.33 lei for average of the period (+ 12.45% in dynamics made).These values noted uneven trend in operating expenses for the period considered.The Company has not recorded financial expenses and any extraordinary expenses,which determined that the level of total expenditure are identical to the total operating expenses.Table 3 shows the level of profitability indicators for the period under review.The operating profit is characterized by an average of 20187.67 lei (-42.91% comparedto 2014), resulting from the sequential annual value levels of 24668 lei in 2012, 532 lei specificto 2013 (-97.85% vs. previous year) and 35363 lei corresponding to the year 2014 (outrunningof 66.47 times the baseline).Financial income was recorded only in 2013-41 lei. Following this situation, average ofthe period reaches 13.67 lei.Table 3.Profitability indicatorsNo. Specification U.M.2012 2013 2014 Average**Eff. * Eff. * 2013/2012** Eff.* Eff. * Eff. * 2013/2012**1 Profit - operating loss lei 24668 532 2,15 35363 66,47times 20187,67 57,092 Profit - financial loss lei - 41 100 - - 13,67 -3 Current profit or loss (1+2) lei 24668 573 2,32 35363 61,71times 20201,33 57,134 Extraordinary profit or loss lei - - - - - - -5 Gross profit or loss (3+4) lei 24668 573 2,32 35363 61,71times 20201,33 57,136 Profit tax lei - - - - - - -7 Other taxes or levies lei 1231 575 46,71 1503 2,61times 1103 73,398 Net profit or loss (5-6-7) lei 23437 -2 -100,01 3386016930times 19098,33 56,409 The rate of profit or loss fromoperations % 150,76 2,86 1,89 239,9683,90times 121,82 50,7711 The rate of profit or loss Current % 150,76 3,08 2,04 239,96 77,91times 121,90 50,8012 Rate extraordinary profit or loss % - - - - - - -13 Gross profit or loss rate % 150,76 3,08 2,04 239,96 77,91times 121,90 50,8014 The rate of net profit or loss % 143,24 -0,01-100,01 229,7622976times 115,24 50,16* extracts from the profit and loss account (2011 – 2013)** own calculationsAnalele Universităţii din Craiova, seria Agricultură – Montanologie – Cadastru (Annals of the University of Craiova - Agriculture,Montanology, Cadastre Series) Vol. XLVI 2016509Current profit appears as the sum of operating profit and profit financially. So we talkabout values of 24668 lei in 2012, 573 lei for 2013, 35363 lei in the year 2014 and of 20201.33lei for average of the period. Dynamic indicator is characterized by values above par of theconstituent indices in 2014 (outrunning of 61.71 times the comparator) and subunit for othercomponents (2.32% in 2012 and 57.13% for the review period average).Gross profit is equal to the current profit, as the company has not recorded anextraordinary profit or lossThe company did not pay income tax but pay "other taxes" which stood at 1231 lei in2012, 571 lei in the year 2013 (-53.29% dynamic) 1503 lei in 2014 (outrunning to Terms ofreference of 2.61 times). In these circumstances the average period was 1103 lei, a levelthat was lower with 26.61% to the reporting base.Net profit or loss is characterized by an average of 19098.33 lei, while the profitoccurred in 2012 and 2014, 23437 and 33860 lei respectively, and in 2013 has been a lossof 2 lei.Operating profit rate was 150.76% in 2012, 2.86% for 2013, 239.96% in 2014 and121.82% for the average of the period. The evolution over time of the indicator takes theform uneven, with decreases in 2013 and average of the period, and very spectacularincreases in the year 2014.It can be seen that the current profit rate is higher than the previous indicator, for2013 (because at the time the company recorded a financial profit of 41 lei) - 3.08%. As for2012 and 2014 do not show differences compared with the previous indicator, reaching anaverage of 121.90%. Dynamic is similar to that shown for operating profit rate.The gross profit rate is equal to the current rate of profit since the company did notrecord extraordinary profit or loss.Last profitability indicator refers to the rate of net profit or loss. It can be seen that thisindicator has averaged 115.24% (below the level of 2014 with 49.84%). This is due to the143.24% specific rate of 2012, -0.01% characteristic situation for 2013 and the level of229.76% characteristic of 2014.CONCLUSIONS- in total revenue structure (figure 1), prevailing operating revenues with 99.60%,Fig.4.1. The ratio of total income and its main components (%)TOTAL INCOMEOPERATING INCOMEFINANCIAL INCOMEINTEREST INCOME10099,60,40,4Analele Universităţii din Craiova, seria Agricultură – Montanologie – Cadastru (Annals of the University of Craiova - Agriculture,Montanology, Cadastre Series) Vol. XLVI 2016510financial income is only 0.40% of the total. Operating revenue components arerepresented only by net turnover - 99.60%;- total expenditure are identical to the operating expenses. In total operatingexpenditure structure, prevailing personnel costs - 59.76%, followed byadjustments on assets - 21.57% Other operating expenses - 17,06%. The lowestshare is held by expenses related to materials and goods (1.61%) - Figure 2;Fig. 2. Total expenditure structure (%)- unit recorded operating profit and financial profit - 20187.67 respectively 13.67lei, which make up the current profit - 20201.33 lei;- given that the unit has not recorded profits or extraordinary losses, there issimilarity between current profit and the profit, the latter decreasing by taxes paid(1103 lei) so as to arrive at net profit of 19098.33 lei. It is pointed out that in 2013has been recorded a loss of 2 lei;- with poor outcomes stands 2013 and with best results 2014 year;- it requires greater attention on administration expenses and paying attention tocustomer portfolio for the convenient of economic results.BIBLIOGRAPHY1. Dima I. C., 2000, Company's management, Publisher Scrisul Românesc,Craiova2. Goagără D., 2012, Elements of accounting agrarian university for distancelearning manual, Publisher Universitaria, Craiova1,6117,0659,7621,57MATERIAL GOODS OTHER OPERATING EXPENSESPERSONAL EXPENSES ADJUSTMENTS FOR PROPERTYAnalele Universităţii din Craiova, seria Agricultură – Montanologie – Cadastru (Annals of the University of Craiova - Agriculture,Montanology, Cadastre Series) Vol. XLVI 20165113. Neagu Cibela, 2004, Company's management, Publisher Tritonic, București4. Nicolescu O., Verbancu I., 2002, Management and Efficiency, Publisher Nova,București5. Pânzaru R.L., Medelete D. M., Ştefan G., 2011, Management and marketing forland measurements, Publisher Universitaria Craiova6. X X X, 2013-2015, Urbanproas S.R.L., Accounting data

RESULTS OF ECONOMIC ACTIVITY IN S.C.URBANPROAS LLC CRAIOVA

http://anale.agro-craiova.ro/index.php/aamc/article/download/501/468

RESULTS OF ECONOMIC ACTIVITY IN S.C.URBANPROAS LLC CRAIOVA

Abstract

Similar works

Full text

Available Versions

Annals of the University of Craiova - Agriculture, Montanology, Cadastre Series