|
Cecilia Grierson 355, 3th Floor
Zip Code 1107 – Capital Federal
Republic of Argentina
|
(Address of principal executive offices)
|
Item
|
Description
|
|
1
|
Loma Negra Relevant Event
|
|
Loma Negra Compañía Industrial Argentina Sociedad Anónima
|
||
|
|
|
|
Date: August 20, 2019
|
|
By: /s/
|
Marcos I. Gradin
|
|
|
Name:
|
Marcos I. Gradin
|
|
|
Title:
|
Chief Financial Officer
|
Six months
|
Three months
|
|||||||||||||||||||
Notes
|
06.30.2019
|
06.30.2018
|
06.30.2019
|
06.30.2018
|
||||||||||||||||
Net revenues
|
4
|
15,614,798
|
15,494,761
|
7,470,141
|
7,636,575
|
|||||||||||||||
Cost of sales
|
5
|
(11,349,271
|
)
|
(11,654,303
|
)
|
(5,553,097
|
)
|
(5,621,706
|
)
|
|||||||||||
Gross income
|
4,265,527
|
3,840,458
|
1,917,044
|
2,014,869
|
||||||||||||||||
Selling and administrative expenses
|
6
|
(1,171,550
|
)
|
(1,182,344
|
)
|
(486,007
|
)
|
(579,380
|
)
|
|||||||||||
Other net income and expenses
|
7
|
(14,323
|
)
|
(6,102
|
)
|
(12,025
|
)
|
(12,483
|
)
|
|||||||||||
Tax on bank debits and credits
|
8
|
(161,946
|
)
|
(162,162
|
)
|
(40,397
|
)
|
(50,218
|
)
|
|||||||||||
NET FINANCIAL INCOME/(LOSS)
|
||||||||||||||||||||
Exchange difference
|
9
|
113,709
|
(744,357
|
)
|
289,883
|
(669,116
|
)
|
|||||||||||||
Income/(loss) for monetary position
|
571,737
|
61,629
|
349,345
|
(89,075
|
)
|
|||||||||||||||
Financial income
|
9
|
9,893
|
1,636
|
-
|
2,438
|
|||||||||||||||
Financial expenses
|
9
|
(578,802
|
)
|
(352,565
|
)
|
(375,485
|
)
|
(198,129
|
)
|
|||||||||||
Income/(loss) before income tax
|
3,034,245
|
1,456,193
|
1,642,358
|
418,906
|
||||||||||||||||
INCOME TAX
|
||||||||||||||||||||
Current
|
10
|
(709,445
|
)
|
(345,065
|
)
|
(334,721
|
)
|
258
|
||||||||||||
Deferred
|
10
|
(56,400
|
)
|
(143,986
|
)
|
(207,918
|
)
|
(243,326
|
)
|
|||||||||||
NET INCOME FOR THE PERIOD
|
2,268,400
|
967,142
|
1,099,719
|
175,838
|
||||||||||||||||
OTHER COMPREHENSIVE INCOME
|
||||||||||||||||||||
Items to be reclassified through profit and loss:
|
||||||||||||||||||||
Due to exchange differences
|
(279,858
|
)
|
557,484
|
(269,473
|
)
|
546,425
|
||||||||||||||
TOTAL OTHER COMPREHENSIVE INCOME/(LOSS)
|
(279,858
|
)
|
557,484
|
(269,473
|
)
|
546,425
|
||||||||||||||
TOTAL COMPREHENSIVE INCOME/(LOSS)
|
1,988,542
|
1,524,626
|
830,246
|
722,263
|
||||||||||||||||
Net income from:
|
||||||||||||||||||||
Owners of the parent company
|
2,175,353
|
904,964
|
1,065,085
|
170,321
|
||||||||||||||||
Non-controlling interests
|
93,047
|
62,178
|
34,634
|
5,517
|
||||||||||||||||
NET INCOME FOR THE PERIOD
|
2,268,400
|
967,142
|
1,099,719
|
175,838
|
||||||||||||||||
Comprehensive income from:
|
||||||||||||||||||||
Owners of the parent company
|
2,032,621
|
1,189,290
|
927,651
|
449,007
|
||||||||||||||||
Non-controlling interests
|
(44,079
|
)
|
335,336
|
(97,405
|
)
|
273,256
|
||||||||||||||
TOTAL COMPREHENSIVE INCOME/(LOSS)
|
1,988,542
|
1,524,626
|
830,246
|
722,263
|
||||||||||||||||
Earnings per share (basic and diluted, in Argentine Pesos)
|
11
|
3.6498
|
1.5183
|
1.7870
|
0.2858
|
Notes
|
06.30.2019
|
12.31.2018
|
||||||||||
ASSETS
|
||||||||||||
Non-current assets
|
||||||||||||
Property, plant, and equipment
|
12
|
31,453,365
|
26,779,621
|
|||||||||
Right of use assets
|
16
|
332,545
|
-
|
|||||||||
Intangible assets
|
272,409
|
267,497
|
||||||||||
Investments
|
18
|
2,034
|
2,034
|
|||||||||
Goodwill
|
20,291
|
20,291
|
||||||||||
Inventories
|
13
|
801,137
|
829,007
|
|||||||||
Other receivables
|
15
|
839,220
|
1,153,341
|
|||||||||
Trade receivable
|
17
|
3,559
|
4,957
|
|||||||||
Total non-current assets
|
33,724,560
|
29,056,748
|
||||||||||
Current assets
|
||||||||||||
Inventories
|
13
|
5,385,775
|
4,624,201
|
|||||||||
Other receivables
|
15
|
584,953
|
469,164
|
|||||||||
Trade receivable
|
17
|
2,624,473
|
2,527,201
|
|||||||||
Investments
|
18
|
88,844
|
2,564,563
|
|||||||||
Cash and cash in banks
|
1,080,684
|
987,449
|
||||||||||
Total current assets
|
9,764,729
|
11,172,578
|
||||||||||
Total assets
|
43,489,289
|
40,229,326
|
Notes
|
06.30.2019
|
12.31.2018
|
||||||||||
SHAREHOLDERS’ EQUITY AND LIABILITIES
|
||||||||||||
Capital stock and other capital related accounts
|
19
|
8,795,668
|
8,795,668
|
|||||||||
Reserves
|
9,447,725
|
2,791,227
|
||||||||||
Retained earnings
|
2,175,353
|
6,656,498
|
||||||||||
Accumulated other comprehensive income
|
20
|
193,256
|
335,988
|
|||||||||
Shareholders’ equity attributable to owners of the parent company
|
20,612,002
|
18,579,381
|
||||||||||
Non-controlling interests
|
1,638,469
|
1,682,548
|
||||||||||
Total shareholders’ equity
|
22,250,471
|
20,261,929
|
||||||||||
LIABILITIES
|
||||||||||||
Non-current liabilities
|
||||||||||||
Loans
|
21
|
3,557,738
|
3,191,530
|
|||||||||
Accounts payable
|
22
|
1,037,469
|
473,904
|
|||||||||
Provisions
|
23
|
346,373
|
358,199
|
|||||||||
Lease payables
|
16
|
257,227
|
-
|
|||||||||
Other payables
|
38,852
|
9,670
|
||||||||||
Deferred tax liabilities
|
10
|
3,953,680
|
3,899,935
|
|||||||||
Total non-current liabilities
|
9,191,339
|
7,933,238
|
||||||||||
Current liabilities
|
||||||||||||
Loans
|
21
|
4,578,497
|
4,107,066
|
|||||||||
Accounts payable
|
22
|
5,826,818
|
5,940,575
|
|||||||||
Customer advances
|
147,756
|
206,443
|
||||||||||
Payroll and social security contributions
|
694,255
|
775,939
|
||||||||||
Tax liabilities
|
24
|
672,171
|
954,206
|
|||||||||
Lease liabilities
|
16
|
62,886
|
-
|
|||||||||
Other payables
|
65,096
|
49,930
|
||||||||||
Total current liabilities
|
12,047,479
|
12,034,159
|
||||||||||
Total liabilities
|
21,238,818
|
19,967,397
|
||||||||||
Total shareholders’ equity and liabilities
|
43,489,289
|
40,229,326
|
Owners contributions
|
Other
comprehensive
income
|
||||||||||||||||||||||||||
Capital
|
Capital adjustments
|
Share premium
|
Merger premium
|
Legal reserve
|
Environmental reserve
|
Optional reserve
|
Future dividends reserve
|
Exchange income/(loss)
|
Accumulated income/(loss)
|
Shareholders’
equity
attributable to
owners of the
parent company
|
Non-controlling interests
|
Total
|
|||||||||||||||
Balances as of January 1, 2019
|
59,603
|
2,748,867
|
5,071,141
|
916,057
|
127,260
|
4,384
|
2,622,708
|
36,875
|
335,988
|
6,656,498
|
18,579,381
|
1,682,548
|
20,261,929
|
||||||||||||||
Resolved by Ordinary General Shareholders’ Meeting dated April 25, 2019:
|
|||||||||||||||||||||||||||
- Legal reserve
|
332,825
|
(332,825
|
)
|
-
|
-
|
||||||||||||||||||||||
- Optional reserve
|
6,323,673
|
(6,323,673
|
)
|
||||||||||||||||||||||||
Other comprehensive income
|
(142,732
|
)
|
(142,732
|
)
|
(137,126
|
)
|
(279,858
|
)
|
|||||||||||||||||||
Income/(loss) for the period
|
2,175,353
|
2,175,353
|
93,047
|
2,268,400
|
|||||||||||||||||||||||
Balances as of June 30, 2019
|
59,603
|
2,748,867
|
5,071,141
|
916,057
|
460,085
|
4,384
|
8,946,381
|
36,875
|
193,256
|
2,175,353
|
20,612,002
|
1,638,469
|
22,250,471
|
Owners contributions
|
Other comprehensive income
|
||||||||||||||||||||||||||||
Capital
|
Capital adjustments
|
Share
premium
|
Other
capital adjustments |
Merger premium
|
Legal reserve
|
Environmental reserve
|
Optional reserve
|
Future dividends reserve
|
Exchange income/(loss)
|
Accumulated income/(loss)
|
Shareholders’ equity
attributable to owners of the parent
company
|
Non-controlling interests
|
Total
|
||||||||||||||||
Balances as of January 1, 2018
|
59,603
|
2,748,867
|
6,048,613
|
(977,472
|
)
|
916,057
|
126,270
|
4,384
|
-
|
36,875
|
41,507
|
7,077,068
|
16,081,772
|
1,215,158
|
17,296,931
|
||||||||||||||
Resolved by Ordinary General Shareholders’ Meeting dated April 25, 2018:
|
|||||||||||||||||||||||||||||
- Legal reserve
|
990
|
(990
|
)
|
-
|
-
|
||||||||||||||||||||||||
- Optional reserve
|
2,622,708
|
(2,622,708
|
)
|
-
|
-
|
||||||||||||||||||||||||
Absorption of Other capital adjustments
|
(977,472
|
)
|
977,472
|
-
|
-
|
||||||||||||||||||||||||
Other comprehensive income
|
284,326
|
284,326
|
273,158
|
557,484
|
|||||||||||||||||||||||||
Income/(loss) for the period
|
904,964
|
904,964
|
62,178
|
967,142
|
|||||||||||||||||||||||||
Balances as of June 30, 2018
|
59,603
|
2,748,867
|
5,071,141
|
-
|
916,057
|
127,260
|
4,384
|
2,622,708
|
36,875
|
325,833
|
5,358,334
|
17,271,062
|
1,550,494
|
18,821,557
|
06.30.2019 | 06.30.2018 | |||||||
CASH FLOWS FROM OPERATING ACTIVITIES
|
||||||||
Net income for the period
|
2,268,400
|
967,142
|
||||||
Adjustments to calculate cash flows from operating activities
|
||||||||
Income tax recognized in results
|
765,845
|
489,051
|
||||||
Depreciation and amortizations
|
1,188,473
|
1,132,741
|
||||||
Provisions
|
73,409
|
53,380
|
||||||
Interest
|
194,471
|
241,467
|
||||||
Exchange difference
|
(196,496
|
)
|
338,156
|
|||||
Income from the sale of property, plant and equipment
|
(74
|
)
|
-
|
|||||
Other
|
2,768
|
(1,381
|
)
|
|||||
Changes in operating assets and liabilities
|
||||||||
Inventories
|
(753,691
|
)
|
(1,008,132
|
)
|
||||
Other receivables
|
(11,979
|
)
|
(190,530
|
)
|
||||
Trade receivable
|
(531,238
|
)
|
(520,652
|
)
|
||||
Customer advances
|
(31,990
|
)
|
(104,614
|
)
|
||||
Accounts payable
|
(141,663
|
)
|
(509,858
|
)
|
||||
Lease liabilities
|
(32,671
|
)
|
-
|
|||||
Payroll and social security contributions
|
62,086
|
(180,623
|
)
|
|||||
Provisions
|
(83,401
|
)
|
(40,505
|
)
|
||||
Tax liabilities
|
(291,674
|
)
|
(1,151
|
)
|
||||
Other payables
|
201,011
|
(32,297
|
)
|
|||||
Effect of remeasurement in homogeneous currency
|
(571,737
|
)
|
(198,201
|
)
|
||||
Income tax paid
|
(513,235
|
)
|
(689.776
|
)
|
||||
Net cash flows generated from/(applied to) operations
|
1.596.614
|
(255,783
|
)
|
|||||
CASH FLOWS FROM INVESTING ACTIVITIES
|
||||||||
Income from the sale of property, plant, and equipment
|
8,417
|
5,952
|
||||||
Acquisition of property, plant and equipment
|
(4,712,961
|
)
|
(2,229,545
|
)
|
||||
Acquisition of intangible assets
|
(19,570
|
)
|
(5.520
|
)
|
||||
Contributions to the F.F.F.S.F.I Trust
|
(23,393
|
)
|
(31.659
|
)
|
||||
Net cash flows used in investing activities
|
(4.747.507
|
)
|
(2,260,772
|
)
|
||||
CASH FLOWS FROM FINANCING ACTIVITIES
|
||||||||
New loans
|
3,053,020
|
694.944
|
||||||
Interest paid
|
(671,843
|
)
|
(505.266
|
)
|
||||
Repayment of loans
|
(1,421,785
|
)
|
(1.477.583
|
)
|
||||
Net cash flows generated from/(applied to) financing activities
|
959.392
|
(1,287,905
|
)
|
|||||
Net changes in cash and cash equivalents
|
(2.191.501
|
)
|
(3,804,460
|
)
|
||||
Cash and cash equivalents at the beginning of the year
|
3,552,012
|
5,746,494
|
||||||
Effect of remeasurementt in homogeneous currency of cash and equivalents
|
(64,095
|
)
|
(42,399
|
)
|
||||
Effects of exchange differences on cash and cash equivalents held in foreign currency
|
(126,888
|
)
|
620,447
|
|||||
Cash and cash equivalents at the closing of the period
|
1,169,528
|
2,520,082
|
-
|
Of the bylaws: August 5, 1926 under No 38, on Page 46
|
-
|
Last amendment recorded: August 29, 2017, under No 17,557, on Book 85 of Joint-stock companies
|
-
|
No. of Registration with the Supervisory Board of Companies [IGJ]: 1,914,357.
|
-
|
Taxpayer's ID Number [CUIT]: 30-50053085-1
|
-
|
Date of expiration: July 3, 2116.
|
|
Main activity |
Country
|
% of direct and indirect ownership as of
|
|||||||||||||
06.30.2019
|
12.31.2018
|
06.30.2018
|
||||||||||||||
Controlled:
|
||||||||||||||||
Cofesur S.A.U.
|
Investment
|
Argentina
|
100.00
|
100.00
|
100.00
|
|||||||||||
Ferrosur Roca S.A. (1)
|
Rail freight transportation
|
Argentina
|
80.00
|
80.00
|
80.00
|
|||||||||||
Recycomb S.A.U.
|
Waste recycling
|
Argentina
|
100.00
|
100.00
|
100.00
|
|||||||||||
Yguazú Cementos S.A.
|
Marketing and manufacture of construction materials
|
Paraguay
|
51.00
|
51.00
|
51.00
|
06.30.2019
|
12.31.2018
|
|||||||
Current assets (1)
|
1,539,112
|
1,564,732
|
||||||
Non-current assets
|
4,395,699
|
5,040,895
|
||||||
Current liabilities (2)
|
690,660
|
919,173
|
||||||
Non-current liabilities (2)
|
2,197,245
|
2,621,854
|
||||||
Shareholders’ equity attributable to owners of the parent company
|
1,553,973
|
1,562,997
|
||||||
Non-controlling interests
|
1,492,934
|
1,501,603
|
(1)
|
Includes 602,217 and 698,834 of cash and cash equivalents as of June 30, 2019 and December 31, 2018, respectively.
|
(2)
|
Includes the financial loans described in Note 21.
|
06.30.2019
|
06.30.2018
|
|||||||
Six month period
|
||||||||
Net revenues from sales
|
1,461,471
|
1,192,977
|
||||||
Financial income/(loss)
|
(116,308
|
)
|
(120,881
|
)
|
||||
Depreciations
|
(229,033
|
)
|
(184,700
|
)
|
||||
Income tax
|
(23,777
|
)
|
(10,195
|
)
|
||||
Net income
|
262,165
|
145,948
|
06.30.2019
|
06.30.2018
|
|||||||
Six month period
|
||||||||
Net cash flows from operating activities
|
391,952
|
202,605
|
||||||
Net cash flows used in investment activities
|
(13,307
|
)
|
(22,226
|
)
|
||||
Net cash flows applied to financing activities
|
(417,532
|
)
|
(111,080
|
)
|
06.30.2019
|
12.31.2018
|
|||||||
Current assets
|
872,621
|
866,521
|
||||||
Non-current assets
|
2,126,581
|
2,213,164
|
||||||
Current liabilities
|
2,065,145
|
1,976,422
|
||||||
Non-current liabilities
|
206,377
|
148,295
|
||||||
Shareholders’ equity attributable to owners of the parent company
|
582,144
|
729,052
|
||||||
Non-controlling interests
|
145,536
|
182,263
|
||||||
06.30.2019
|
06.30.2018
|
|||||||
Six month period
|
||||||||
Net revenues from sales
|
1,478,990
|
1,542,271
|
||||||
Financial income/(loss)
|
(101,206
|
)
|
(24,904
|
)
|
||||
Depreciations
|
(245,033
|
)
|
(219,119
|
)
|
||||
Income tax
|
24,239
|
143,798
|
||||||
Net loss for the period
|
(177,047
|
)
|
(46,677
|
)
|
||||
06.30.2019
|
06.30.2018
|
|||||||
Six month period
|
||||||||
Net cash flows generated from (applied to) operations
|
233,403
|
(135,648
|
)
|
|||||
Net cash flows applied to investing activities
|
(131,712
|
)
|
(211,754
|
)
|
||||
Net cash flows (applied to) generated from financing activities
|
(80,338
|
)
|
368,752
|
●
|
Adoption of new and revised IFRS
|
●
|
New standards
|
06.30.2019
|
12.31.2018
|
|||||||
Current assets
|
96,940
|
68,531
|
||||||
Current liabilities
|
74
|
90
|
||||||
Non-current liabilities
|
43
|
-
|
||||||
Shareholders’ equity
|
96,823
|
68,440
|
06.30.2019
|
06.30.2018
|
|||||||
Six month period
|
||||||||
Sale of products
|
15,741,301
|
15,276,343
|
||||||
Domestic market
|
15,730,637
|
15,268,030
|
||||||
External market
|
10,664
|
8,313
|
||||||
Services rendered
|
875,597
|
929,555
|
||||||
(-) Bonuses / Discounts
|
(1,002,100
|
)
|
(711,137
|
)
|
||||
Total
|
15,614,798
|
15,494,761
|
06.30.2019 |
06.30.2018 |
|||||||||||||||
Six month period
|
||||||||||||||||
Inventories at the beginning of the year
|
5,453,208
|
4,688,853
|
||||||||||||||
Finished products
|
474,229
|
252,531
|
||||||||||||||
Products in progress
|
1,317,948
|
1,125,145
|
||||||||||||||
Raw materials, materials, fuels and inventory in transit
|
3,661,031
|
3,311,177
|
||||||||||||||
Exchange difference
|
57,910
|
(148,371
|
)
|
|||||||||||||
Production purchases and expenses of the period
|
12,025,065
|
12,975,291
|
||||||||||||||
Inventories at the end of the period
|
(6,186,912
|
)
|
(5,861,470
|
)
|
||||||||||||
Finished products
|
(421,574
|
)
|
(345,619
|
)
|
||||||||||||
Products in progress
|
(1,733,317
|
)
|
(1,900,835
|
)
|
||||||||||||
Raw materials, materials, fuels and inventory in transit
|
(4,032,021
|
)
|
(3,615,016
|
)
|
||||||||||||
Cost of sales
|
11,349,271
|
11,654,303
|
06.30.2019
|
06.30.2018
|
|||||||
Six month period
|
||||||||
Fees and service fees
|
201,453
|
201,449
|
||||||
Salaries, wages and social security contributions
|
2,073,959
|
2,092,869
|
||||||
Personnel transport and travel expenses
|
80,704
|
88,109
|
||||||
Data processing
|
9,133
|
7,332
|
||||||
Taxes, contributions and commissions
|
201,940
|
194,907
|
||||||
Depreciation and amortizations
|
1,156,825
|
1,142,742
|
||||||
Preservation and maintenance
|
1,106,843
|
1,238,055
|
||||||
Communications
|
10,904
|
9,956
|
||||||
Rent
|
29,292
|
27,806
|
||||||
Personnel benefits
|
46,815
|
45,013
|
||||||
Electricity, gas and water services
|
3,961
|
3,124
|
||||||
Freight
|
888,873
|
1,146,085
|
||||||
Fuels
|
1,984,903
|
2,003,816
|
||||||
Insurance
|
32,659
|
24,761
|
||||||
Packaging
|
415,066
|
398,389
|
||||||
Electricity
|
1,145,970
|
1,191,447
|
||||||
Contractors
|
866,664
|
917,258
|
||||||
Tolls
|
1,665
|
2,903
|
||||||
Royalties
|
10,552
|
12,240
|
||||||
Surveillance
|
64,012
|
74,978
|
||||||
Other
|
139,609
|
124,756
|
||||||
Total
|
10,471,802
|
10,947,995
|
06.30.2019
|
06.30.2018
|
|||||||
Six month period
|
||||||||
Managers, directors and statutory auditors’ fees
|
110,435
|
66,824
|
||||||
Fees and service fees
|
97,092
|
86,139
|
||||||
Salaries, wages and social security contributions
|
362,851
|
357,691
|
||||||
Personnel transport and travel expenses
|
14,885
|
16,932
|
||||||
Data processing
|
18,449
|
19,467
|
||||||
Advertising expenses
|
27,777
|
21,899
|
||||||
Taxes, contributions and commissions
|
296,912
|
324,086
|
||||||
Depreciation and amortizations
|
50,899
|
46,516
|
||||||
Preservation and maintenance
|
5,016
|
5,542
|
||||||
Communications
|
12,190
|
9,096
|
||||||
Rent
|
8,420
|
24,723
|
||||||
Personnel benefits
|
17,050
|
18,451
|
||||||
Electricity, gas and water services
|
1,794
|
1,603
|
||||||
Freight
|
101,644
|
135,199
|
||||||
Insurance
|
21,453
|
15,988
|
||||||
Allowance for bad debts
|
2,143
|
1,908
|
||||||
Surveillance
|
2,618
|
2,493
|
||||||
Other
|
19,922
|
27,787
|
||||||
Total
|
1,171,550
|
1,182,344
|
06.30.2019
|
06.30.2018
|
|||||||
Six month period
|
||||||||
Income from the sale of property, plant and equipment
|
74
|
-
|
||||||
Donations
|
(9,844
|
)
|
(12,596
|
)
|
||||
Technical assistance services
|
2,145
|
3,012
|
||||||
Income from assignment of tax credits
|
3,405
|
-
|
||||||
Substitute taxpayer tax
|
(8,155
|
)
|
(7,237
|
)
|
||||
Contingencies
|
(21,554
|
)
|
(8,377
|
)
|
||||
Rent
|
19,148
|
20,431
|
||||||
Miscellaneous
|
458
|
(1,335
|
)
|
|||||
Total
|
(14,323
|
)
|
(6,102
|
)
|
Six month period
|
06.30.2019
|
06.30.2018
|
||||||
From exchange differences
|
||||||||
Income from exchange differences
|
216,526
|
461,265
|
||||||
Expenses for exchange differences
|
(102,817
|
)
|
(1,205,622
|
)
|
||||
Total
|
113,709
|
(744,357
|
)
|
|||||
Financial income
|
||||||||
Updates
|
9,893
|
1,636
|
||||||
Total
|
9,893
|
1,636
|
||||||
Financial expenses
|
||||||||
Interest expenses
|
(408,249
|
)
|
(229,530
|
)
|
||||
Tax interest
|
(48,611
|
)
|
(8,824
|
)
|
||||
Interest from temporary investments
|
(30,529
|
)
|
(36,433
|
)
|
||||
Updates
|
(17,441
|
)
|
(25,983
|
)
|
||||
Interest from loans to related parties
|
-
|
(6,580
|
)
|
|||||
Other
|
(73,972
|
)
|
(45,215
|
)
|
||||
Total
|
(578,802
|
)
|
(352,565
|
)
|
06.30.2019
|
06.30.2018
|
|||||||
Incomebefore income tax
|
3,034,245
|
1,456,193
|
||||||
Statutory rate (*)
|
30
|
%
|
30
|
%
|
||||
Income tax at statutory rate
|
(910,274
|
)
|
(436,858
|
)
|
||||
Adjustments for calculation of the effective income tax:
|
||||||||
Effect of different rates of foreign subsidiaries (*)
|
57,188
|
31,229
|
||||||
Effect of tax revaluation
|
292,278
|
-
|
||||||
Effect of change in deferred tax rate
|
94,627
|
(5,487
|
)
|
|||||
remeasurement in homogeneous currency
|
(306,053
|
)
|
(76,865
|
)
|
||||
Other permanent differences
|
6,389
|
(1,070
|
)
|
|||||
Total income tax
|
(765,845
|
)
|
(489,051
|
)
|
||||
INCOME TAX
|
||||||||
Current
|
(709,445
|
)
|
(345,065
|
)
|
||||
Deferred
|
(56,400
|
)
|
(143,986
|
)
|
||||
Total
|
(765,845
|
)
|
(489,051
|
)
|
06.30.2019
|
12.31.2018
|
|||||||
Assets
|
||||||||
Tax losses
|
181,437
|
166,881
|
||||||
Provisions
|
30,111
|
19,195
|
||||||
Other receivables
|
63,656
|
-
|
||||||
Trade accounts receivable
|
-
|
1,151
|
||||||
Other
|
16,553
|
7,111
|
||||||
Total assets
|
291,757
|
194,338
|
||||||
Liabilities
|
||||||||
Investments
|
(5,384
|
)
|
(3,568
|
)
|
||||
Property, plant, and equipment
|
(3,794,927
|
)
|
(3,694,835
|
)
|
||||
Other receivables
|
-
|
(26,145
|
)
|
|||||
Inventories
|
(426,227
|
)
|
(348,222
|
)
|
||||
Other
|
(18,899
|
)
|
(21,503
|
)
|
||||
Total liabilities
|
(4,245,437
|
)
|
(4,094,273
|
)
|
||||
Total deferred liabilities
|
(3,953,680
|
)
|
(3,899,935
|
)
|
Six months
|
Three months
|
|||||||||||||||
06.30.2019
|
06.30.2018
|
06.30.2019
|
06.30.2018
|
|||||||||||||
Net profit attributable to owners of the parent used in the calculation of basic and diluted earnings per share
|
2,175,353
|
904,964
|
1,065,085
|
170,321
|
||||||||||||
Weighted average number of common shares for the purposes of basic and diluted earnings per share (in thousands of shares)
|
596,026
|
596,026
|
596,026
|
596,026
|
||||||||||||
Basic and diluted earnings per share in Argentine Pesos
|
3.6498
|
1.5183
|
1.7870
|
0.2858
|
06.30.2019
|
12.31.2018
|
|||||||
Cost
|
69,824,277
|
64,167,122
|
||||||
Accumulated depreciation
|
(38,370,912
|
)
|
(37,387,501
|
)
|
||||
Total
|
31,453,365
|
26,779,621
|
||||||
Land
|
398,737
|
400,350
|
||||||
Buildings
|
6,138,409
|
6,272,949
|
||||||
Machinery and equipment
|
11,644,349
|
12,100,896
|
||||||
Transport and freight vehicles
|
1,380,529
|
1,487,752
|
||||||
Furniture and fixtures
|
44,021
|
49,646
|
||||||
Quarries
|
2,465,039
|
2,401,434
|
||||||
Tools
|
30,451
|
33,136
|
||||||
Works in progress
|
9,351,830
|
4,033,458
|
||||||
Total
|
31,453,365
|
26,779,621
|
06.30.2019
|
12.31.2018
|
|||||||
Non-current
|
||||||||
Spare parts
|
829,397
|
864,305
|
||||||
Allowance for obsolete inventories
|
(28,260
|
)
|
(35,298
|
)
|
||||
Total
|
801,137
|
829,007
|
||||||
Current
|
||||||||
Finished products
|
421,574
|
474,229
|
||||||
Products in progress
|
1,733,317
|
1,317,948
|
||||||
Raw materials, materials and spare parts
|
2,566,357
|
2,282,702
|
||||||
Fuels
|
664,527
|
549,322
|
||||||
Total
|
5,385,775
|
4,624,201
|
06.30.2019
|
12.31.2018
|
|||||||
Other related parties:
|
||||||||
InterCement Brasil S.A.
|
||||||||
Accounts payable
|
(40,910
|
)
|
(86,566
|
)
|
||||
InterCement Trading e Inversiones S.A.
|
||||||||
Other receivables
|
32,600
|
5,130
|
||||||
Accounts payable
|
(8,997
|
)
|
(9,819
|
)
|
||||
InterCement Portugal S.A.
|
||||||||
Accounts payable
|
(126,886
|
)
|
(231,782
|
)
|
||||
Cauê Austria Holding GmbH
|
||||||||
Other receivables
|
13,492
|
5,994
|
06.30.2019
|
12.31.2018
|
|||||||
Other receivables
|
46,092
|
11,124
|
||||||
Accounts payable
|
(176,793
|
)
|
(328,167
|
)
|
06.30.2019
|
06.30.2018
|
|||||||
InterCement Brasil S.A. – purchase of goods and services
|
(18,609
|
)
|
(17,053
|
)
|
||||
InterCement Trading e Inversiones S.A. - purchase of goods and services
|
-
|
(65,669
|
)
|
|||||
InterCement Trading e Inversiones S.A. – sale of services
|
29,476
|
|||||||
InterCement Portugal S.A.– services received
|
(135,633
|
)
|
(137,488
|
)
|
||||
InterCement Portugal S.A. – services rendered
|
-
|
28,491
|
06.30.2019
|
12.31.2018
|
|||||||
Non-current
|
||||||||
Advance to suppliers
|
642,825
|
914,991
|
||||||
Tax credits
|
48,122
|
106,038
|
||||||
Contributions to the trust “Fondo Fiduciario para el Fortalecimiento del Sistema Ferroviario Interurbano” (F.F.F.S.F.I.)
|
96,823
|
68,440
|
||||||
Expenses paid in advance
|
46,604
|
58,014
|
||||||
Security deposits
|
4,846
|
5,858
|
||||||
Total
|
839,220
|
1,153,341
|
||||||
Current
|
||||||||
Tax credits
|
266,749
|
159,168
|
||||||
Receivables from related parties (Note 14)
|
46,092
|
11,124
|
||||||
Expenses paid in advance
|
109,616
|
93,161
|
||||||
Security deposits
|
1,300
|
6,019
|
||||||
Reimbursement receivable
|
14,976
|
23,422
|
||||||
Advances to suppliers
|
13,254
|
31,429
|
||||||
Personnel loans
|
12,937
|
10,001
|
||||||
Balance receivable from ADSs program
|
84,940
|
94,157
|
||||||
Receivables from sale of property, plant and equipment
|
21,571
|
29,367
|
||||||
Miscellaneous
|
13,518
|
11,316
|
||||||
Total
|
584,953
|
469,164
|
06.30.2019
|
||||
Leaseliabilities:
|
||||
As of January 1, 2019
|
363,063
|
|||
updates
|
17,395
|
|||
Exchange difference
|
(27,674
|
)
|
||
Payments
|
(32,671
|
)
|
||
As of June 30, 2019
|
320,113
|
Right of use assets:
|
||||
As of January 1, 2019
|
363,063
|
|||
Depreciations
|
(30,518
|
)
|
||
As of June 30, 2019
|
332,545
|
06.30.2019
|
12.31.2018
|
|||||||
Non-current
|
||||||||
Regular debtors
|
9,311
|
10,966
|
||||||
Allowance for bad debts
|
(5,752
|
)
|
(6,009
|
)
|
||||
Total
|
3,559
|
4,957
|
||||||
Current
|
||||||||
Regular debtors
|
2,484,513
|
2,361,205
|
||||||
Loan with U.E.P.F.P. - Ferrosur Roca S.A.
|
137,082
|
162,852
|
||||||
Accounts receivable in litigation
|
21,493
|
24,225
|
||||||
Notes receivable
|
387
|
221
|
||||||
Foreign customers
|
3,667
|
3,978
|
||||||
Subtotal
|
2,647,142
|
2,552,481
|
||||||
Allowance for bad debts
|
(22,669
|
)
|
(25,280
|
)
|
||||
Total
|
2,624,473
|
2,527,201
|
Non-current
|
06.30.2019
|
12.31.2018
|
||||||
Investments in other companies
|
||||||||
- Cementos del Plata S.A.
|
2,034
|
2,034
|
||||||
Total
|
2,034
|
2,034
|
||||||
Current
|
||||||||
Short-term investments:
|
||||||||
- Mutual investment fund in pesos
|
-
|
364,474
|
||||||
- Certificate of deposit in pesos
|
-
|
1,029,254
|
||||||
- Investments in foreign currency
|
88,844
|
1,169,286
|
||||||
- Miscellaneous
|
-
|
1,549
|
||||||
Total
|
88,844
|
2,564,563
|
06.30.2019
|
12.31.2018
|
|||||||
Capital
|
59,603
|
59,603
|
||||||
Capital adjustment
|
2,748,867
|
2,748,867
|
||||||
Share premium
|
5,071,141
|
5,071,141
|
||||||
Merger premium
|
916,057
|
916,057
|
||||||
Total
|
8,795,668
|
8,795,668
|
Common shares with a nominal value of $0.10 each,
|
||||||||
each entitling to 1 vote, fully paid-in (in thousands)
|
596,026
|
596,026
|
06.30.2019
|
12.31.2018
|
|||||||
Exchange differences for transactions in foreign currency
|
||||||||
Balances at the beginning of the year
|
335,988
|
41,507
|
||||||
Difference due to conversion of transactions in foreign currency
|
(142,732
|
)
|
294,481
|
|||||
Balances at closing
|
193,256
|
335,988
|
06.30.2019 | 12.31.2018 |
|||||||
Company | Ref. | Rate |
Last
Maturity
|
Amount | Amount | |||
Loans in foreign currency - USD
|
||||||||
Industrial and Commercial Bank of China
|
Loma Negra C.I.A.S.A.
|
(1)
|
6 Months Libor + 4.25%
|
Mar-21
|
111,264
|
-
|
||
Industrial and Commercial Bank of China
|
Loma Negra C.I.A.S.A.
|
(1)
|
6 Months Libor + 4.25%
|
Apr– 21
|
129,636
|
-
|
||
Industrial and Commercial Bank of China
|
Loma Negra C.I.A.S.A.
|
(1)
|
6 Months Libor + 4.25%
|
May- 21
|
357,199
|
-
|
||
Industrial and Commercial Bank of China
|
Loma Negra C.I.A.S.A.
|
(1)
|
6 Months Libor + 4.25%
|
Jun- 21
|
85,401
|
-
|
||
Banco Latinoamericano de Comercio Exterior S.A.
|
Ferrosur Roca S.A.
|
3 Months Libor + 1.95%
|
Aug-19
|
641,799
|
697,024
|
|||
Industrial and Commercial Bank of China (Dubai)
|
Loma Negra C.I.A.S.A.
|
(2)
|
3 Months Libor + 5%
|
Nov -20
|
1,107,811
|
1,809,963
|
||
Industrial and Commercial Bank of China (Dubai)
|
Loma Negra C.I.A.S.A.
|
(2)
|
3 Months Libor + 5.5%
|
Jun-20
|
425,344
|
461,139
|
||
Loans in foreign currency – Euro
|
||||||||
Banco Itaú S.A.
|
Loma Negra C.I.A.S.A
|
(1)
|
4%
|
Apr-21
|
65,175
|
-
|
||
Banco Itaú S.A.
|
Loma Negra C.I.A.S.A
|
(1)
|
4%
|
May-21
|
15,554
|
-
|
||
Banco Itaú S.A.
|
Loma Negra C.I.A.S.A
|
(1)
|
4%
|
Jun- 21
|
82,626
|
-
|
||
Total loans in foreign currency
|
3,021,809
|
2,968,126
|
||||||
Loans in local currency
|
||||||||
Banco Continental S.A.E.C.A.
|
Yguazú Cementos S.A.
|
8.5%
|
Aug-25
|
1,599,345
|
1,889,802
|
|||
Sumaeris Bank S.A.E.C.A.
|
Yguazú Cementos S.A.
|
9.0%
|
Aug-25
|
1,051,578
|
1,242,282
|
|||
Banco Itaú Paraguay S.A.
|
Yguazú Cementos S.A.
|
-
|
-
|
-
|
90,876
|
|||
Banco Provincia de Buenos Aires
|
Loma Negra C.I.A.S.A.
|
-
|
-
|
-
|
22,029
|
|||
Banco Provincia de Buenos Aires
|
Loma Negra C.I.A.S.A.
|
-
|
-
|
-
|
45,179
|
|||
Banco Provincia de Buenos Aires
|
Loma Negra C.I.A.S.A.
|
BADLAR + 2%
|
Jul-19
|
798
|
6,848
|
|||
HSBC Bank Argentina S.A.
|
Loma Negra C.I.A.S.A.
|
-
|
-
|
-
|
193,235
|
|||
HSBC Bank Argentina S.A.
|
Ferrosur Roca S.A.
|
-
|
-
|
-
|
193,235
|
|||
Advances in checking account
|
Loma Negra C.I.A.S.A.
|
63.20%
|
Jul-19
|
1,486,226
|
6,356
|
|||
Advances in checking account
|
Recycomb S.A.U.U.
|
-
|
-
|
-
|
7,908
|
|||
Advances in checking account
|
Ferrosur Roca S.A.
|
63.30%
|
Jul-19
|
976,479
|
632,720
|
|||
Total loans in local currency
|
5,114,426
|
4,330,470
|
||||||
Total
|
8,136,235
|
7,298,596
|
06.30.2019
|
12.31.2018
|
|||||||
Total of loans by company:
|
||||||||
Loma Negra C.I.A.S.A.
|
3,867,034
|
2,544,749
|
||||||
Ferrosur Roca S.A.
|
1,618,278
|
1,522,979
|
||||||
Recycomb S.A.U.
|
-
|
7,908
|
||||||
Yguazú Cementos S.A.
|
2,650,923
|
3,222,960
|
||||||
Total
|
8,136,235
|
7,298,596
|
Balances as of January 1, 2019
|
7,298,596
|
|||
New loans and financing
|
3,053,020
|
|||
Interest accrued
|
417,202
|
|||
Exchange difference
|
(273,756
|
)
|
||
Effects of exchange differences
|
(265,199
|
)
|
||
Interest payments
|
(671,843
|
)
|
||
Principal payments
|
(1,421,785
|
)
|
||
Balances as of June 30, 2019
|
8,136,235
|
Fiscal year
|
||||
2020
|
749,380
|
|||
2021
|
1,232,271
|
|||
2022
|
394,022
|
|||
2023 onwards
|
1,182,065
|
|||
Total
|
3,557,738
|
06.30.2019
|
12.31.2018
|
|||||||
Non-current
|
||||||||
Accounts payable for investments in property, plant and equipment
|
1,037,469
|
142,591
|
||||||
Provisions for expenses
|
-
|
331,313
|
||||||
Total
|
1,037,469
|
473,904
|
||||||
Current
|
||||||||
Suppliers
|
2,132,813
|
2,533,745
|
||||||
Related parties (Note 14)
|
176,793
|
328,167
|
||||||
Accounts payable for investments in property, plant and equipment and intangible assets
|
2,749,566
|
2,032,384
|
||||||
Provisions for expenses
|
767,646
|
1,046,279
|
||||||
Total
|
5,826,818
|
5,940,575
|
06.30.2019
|
12.31.2018
|
|||||||
Non-current
|
||||||||
Labor and social security
|
83,371
|
58,519
|
||||||
Environmental
|
194,571
|
227,820
|
||||||
Civil and others
|
68,431
|
71,860
|
||||||
Total
|
346,373
|
358,199
|
Labor and social security
|
Environmental
|
Civil and others
|
Total
|
|||||||||||||
Balances as of January 1, 2019
|
58,519
|
227,820
|
71,860
|
358,199
|
||||||||||||
Increases
|
41,568
|
17,345
|
14,032
|
72,944
|
||||||||||||
Decreases (*)
|
(16,716
|
)
|
(50,594
|
)
|
(17,461
|
)
|
(84,771
|
)
|
||||||||
Balances as of June 30, 2019
|
83,371
|
194,571
|
68,431
|
346,373
|
06.30.2019
|
12.31.2018
|
|||||||
Income tax
|
223,009
|
450,721
|
||||||
Value added tax
|
107,781
|
115,471
|
||||||
Gross revenues
|
53,004
|
57,645
|
||||||
Other taxes, withholdings and collections
|
288,377
|
330,369
|
||||||
Total
|
672,171
|
954,206
|
06.30.2019
|
12.31.2018
|
|||||||
Cash and banks
|
1,080,684
|
987,449
|
||||||
Short-term investments (Note 18)
|
88,844
|
2,564,563
|
||||||
Cash and cash equivalents
|
1,169,528
|
3,552,012
|
06.30.2019
|
12.31.2018
|
|||||||
Debt (i)
|
8,136,235
|
7,298,596
|
||||||
Cash and cash equivalents
|
1,169,527
|
3,552,012
|
||||||
Net debt
|
6,966,708
|
3,746,584
|
||||||
Shareholders’ equity (ii)
|
22,250,471
|
20,261,929
|
||||||
Net debt to equity ratio and shareholders’ equity
|
0.31
|
0.18
|
06.30.2019
|
12.31.2018
|
|||||||
Financial assets
|
||||||||
At amortized cost: | ||||||||
Cash and banks
|
1,080,684
|
987,449
|
||||||
Investments
|
88,844
|
2,200,089
|
||||||
Accounts receivable
|
2,815,275
|
2,713,421
|
||||||
At fair value through income:
|
||||||||
Investments
|
-
|
364,474
|
Financial liabilities
|
||||||||
Amortized cost
|
16,791,008
|
15,502,821
|
06.30.2019
|
12.31.2018
|
|||||||
Liabilities
|
||||||||
United States Dollars
|
5,101,936
|
4,672,482
|
||||||
Euro
|
1,227,296
|
425,398
|
||||||
Real
|
29
|
30
|
||||||
Assets
|
||||||||
United States Dollars
|
297,075
|
1,377,210
|
||||||
Euro
|
12,134
|
1,335
|
||||||
Real
|
110
|
109
|
Effect of US Dollars
|
Effect of the Euro
|
|||||||
06.30.2019
|
06.30.2019
|
|||||||
Income
|
1,201,215
|
303,790
|
||||||
Shareholder's Equity
|
1,201,215
|
303,790
|
06.30.2019
|
06.30.2018
|
|||||||
- Financed acquisitions of Property, plant and equipment
|
1,269,762
|
61,786
|
06.30.2019
|
06.30.2018 | |||||||
Net revenues from sales
|
||||||||
Cement, masonry and lime – Argentina
|
10,624,602
|
6,902,632
|
||||||
Cement – Paraguay
|
1,343,475
|
715,073
|
||||||
Concrete
|
2,199,827
|
1,497,011
|
||||||
Railroad
|
1,364,604
|
925,518
|
||||||
Aggregates
|
259,340
|
136,890
|
||||||
Other
|
66,229
|
52,867
|
||||||
Eliminations between segments
|
(1,463,496
|
)
|
(939,255
|
)
|
||||
Total
|
14,394,581
|
9,290,736
|
||||||
Reconciliation - Effect of restatement in homogeneous currency
|
1,220,217
|
6,204,025
|
||||||
Total
|
15,614,798
|
15,494,761
|
Cost of sales
|
06.30.2019
|
06.30.2018
|
||||||
Cement, masonry and lime – Argentina
|
6,909,074
|
4,609,933
|
||||||
Cement – Paraguay
|
937,262
|
520,904
|
||||||
Concrete
|
2,042,867
|
1,420,074
|
||||||
Railroad
|
1,193,242
|
879,895
|
||||||
Aggregates
|
275,939
|
138,436
|
||||||
Other
|
40,705
|
29,317
|
||||||
Eliminations between segments
|
(1,463,496
|
)
|
(939,255
|
)
|
||||
Total
|
9,935,593
|
6,659,304
|
||||||
Reconciliation - Effect of restatement in homogeneous currency
|
1,413,678
|
4,994,999
|
||||||
Total
|
11,349,271
|
11,654,303
|
Selling, administrative expenses and other expenses
|
06.30.2019
|
06.30.2018
|
||||||
Cement, masonry and lime – Argentina
|
834,220
|
526,575
|
||||||
Cement – Paraguay
|
38,123
|
29,339
|
||||||
Concrete
|
69,383
|
50,563
|
||||||
Railroad
|
98,348
|
68,436
|
||||||
Aggregates
|
3,501
|
2,645
|
||||||
Other
|
24,582
|
18,200
|
||||||
Total
|
1,068,157
|
695,758
|
||||||
Reconciliation - Effect of restatement in homogeneous currency
|
117,716
|
492,688
|
||||||
Total
|
1,185,873
|
1,188,446
|
Depreciation and amortizations
|
06.30.2019
|
06.30.2018
|
||||||
Cement, masonry and lime – Argentina
|
352,936
|
191,233
|
||||||
Cement – Paraguay
|
211,072
|
110,633
|
||||||
Concrete
|
26,811
|
15,523
|
||||||
Railroad
|
83,686
|
60,202
|
||||||
Aggregates
|
9,119
|
4,830
|
||||||
Other
|
1,573
|
1,310
|
||||||
Total
|
685,197
|
383,731
|
||||||
Reconciliation - Effect of remeasurement in homogeneous currency
|
503,276
|
749,010
|
||||||
Total
|
1,188,473
|
1,132,741
|
Net revenues from sales minus cost of sales, selling and administrative expenses, and other income and expenses
|
06.30.2019
|
06.30.2018
|
||||||
Cement, masonry and lime – Argentina
|
2,881,308
|
1,766,124
|
||||||
Cement – Paraguay
|
368,090
|
164,830
|
||||||
Concrete
|
87,578
|
26,374
|
||||||
Railroad
|
73,015
|
(22,813
|
)
|
|||||
Aggregates
|
(20,100
|
)
|
(4,191
|
)
|
||||
Other
|
940
|
5,350
|
||||||
Total
|
3,390,831
|
1,935,674
|
||||||
Reconciliation - Effect of remeasurement in homogeneous currency
|
(311,177
|
)
|
716,340
|
|||||
Total
|
3,079,654
|
2,652,014
|
||||||
Reconciling items:
|
||||||||
Tax on bank debits and credits
|
(161,946
|
)
|
(162,162
|
)
|
||||
Net financial income/(loss)
|
116,537
|
(1,033,657
|
)
|
|||||
Income tax
|
(765,845
|
)
|
(489,053
|
)
|
||||
Net income
|
2,268,400
|
967,142
|
||||||
Geographical information
|
06.30.2019
|
12.31.2018
|
||||||
Non-current assets
|
||||||||
Argentina
|
29,328,861
|
24,015,853
|
||||||
Paraguay
|
4,395,699
|
5,040,895
|
06.30.2019
|
06.30.2018
|
|||||||
Current assets
|
9,764,729
|
10,928,939
|
||||||
Non-current assets
|
33,724,560
|
25,842,827
|
||||||
Total assets
|
43,489,289
|
36,771,766
|
||||||
Current liabilities
|
9,191,339
|
9,627,552
|
||||||
Non-current liabilities
|
12,047,479
|
8,322,658
|
||||||
Total liabilities
|
21,238,818
|
17,950,210
|
||||||
Non-controlling interests
|
1,638,469
|
1,550,493
|
||||||
Shareholders’ equity attributable to owners of the parent company
|
20,612,002
|
17,271,064
|
||||||
Total shareholders’ equity
|
22,250,471
|
18,821,557
|
06.30.2019
|
06.30.2018
|
|||||||
Gross income
|
4,265,527
|
3,840,458
|
||||||
Selling and administrative expenses
|
(1,171,550
|
)
|
(1,182,344
|
)
|
||||
Other net income and expenses
|
(14,323
|
)
|
(6,102
|
)
|
||||
Tax on bank debits and credits
|
(161,946
|
)
|
(162,162
|
)
|
||||
Net financial income/(loss)
|
116,537
|
(1,033,657
|
)
|
|||||
Income before income tax
|
3,034,245
|
1,456,193
|
||||||
Income tax
|
(765,845
|
)
|
(489,051
|
)
|
||||
Net income for the period
|
2,268,400
|
967,142
|
||||||
Net income for the period attributable to:
|
||||||||
Owners of the parent company
|
2,175,353
|
904,964
|
||||||
Non-controlling interests
|
93,047
|
62,178
|
||||||
Other comprehensive income
|
||||||||
Due to exchange differences
|
(279,858
|
)
|
557,484
|
|||||
Total other comprehensive income for the period
|
(279,858
|
)
|
557,484
|
|||||
Total comprehensive income for the period
|
1,988,542
|
1,524,626
|
06.30.2019
|
06.30.2018
|
|||||||
Net cash flows generated from/(applied to) operating activities
|
1,596,614
|
(255,783
|
)
|
|||||
Funds applied to investing activities
|
(4,747,507
|
)
|
(2,260,772
|
)
|
||||
Funds generated from/(applied to) financing activities
|
959,392
|
(1,287,905
|
)
|
|||||
Total funds applied during the period
|
(2,191,501
|
)
|
(3,804,460
|
)
|
06.30.2019
|
06.30.2018
|
|||||||
Production volume (*)
|
2,968,210
|
3,299,096
|
||||||
Sales volume (*)
|
||||||||
Argentina
|
2,699,820
|
3,066,042
|
||||||
Paraguay
|
275,121
|
265,775
|
||||||
Abroad
|
2,812
|
2,812
|
||||||
Total
|
2,977,753
|
3,334,629
|
06.30.2019
|
06.30.2018
|
|||||||
Liquidity
|
0.75
|
1.14
|
||||||
Creditworthiness
|
1.05
|
1.05
|
||||||
Fixed capital
|
0.78
|
0.70
|