Press Release: ADAMA Reports Results of Third -5-
Press Release: ADAMA Reports Results of Third -5-
the shareholders of the Company -1 32 -4 225
% of revenue 0.0% 1.1% 0.0% 1.1%
Adjusted EBITDA 464 461 3,004 3,224
% of revenue 13.4% 15.4% 13.4% 15.4%
Adjusted EPS[4] -- Basic 0.0366 0.0511 0.2367 0.3583
--
Diluted 0.0366 0.0511 0.2367 0.3583
Reported EPS(4) -- Basic -0.0003 0.0131 -0.0017 0.0946
--
Diluted -0.0003 0.0131 -0.0017 0.0946
公司股东-1 32-4 225占收入的百分比0.0%1.1%0.0%1.1%调整后的EBITDA 464 461 3,004 3,224占收入的比例13.4%15.4%13.4%15.4%调整后每股收益[4]--基本0.0366 0.0511 0.2367 0.3583 -- 稀释0.0366 0.0511 0.2367 0.3583报告每股收益(4)--基本-0.0003 0.0131-0.0017 0.0946 -- 稀释-0.0003 0.0131-0.0017 0.0946
Abridged Consolidated Balance Sheet
简略综合资产负债表
Sept 30 Sept 30 Sept 30 Sept 30
2021 2020 2021 2020
USD (m) USD (m) RMB (m) RMB (m)
Assets
Current assets:
Cash at bank and on hand 764 842 4,956 5,733
Bills and accounts receivable 1,553 1,420 10,071 9,668
Inventories 1,749 1,631 11,345 11,110
Other current assets, receivables
and prepaid expenses 266 323 1,723 2,200
Total current assets 4,332 4,216 28,095 28,712
Non-current assets:
Fixed assets, net 1,504 1,152 9,755 7,844
Rights of use assets 73 74 472 504
Intangible assets, net 1,498 1,441 9,713 9,815
Deferred tax assets 129 130 839 883
Other non-current assets 99 78 640 535
Total non-current assets 3,303 2,875 21,419 19,581
Total assets 7,635 7,091 49,514 48,293
Liabilities
Current liabilities:
Loans and credit from banks and
other lenders 446 487 2,893 3,314
Bills and accounts payable 822 739 5,331 5,032
Other current liabilities 809 782 5,247 5,326
Total current liabilities 2,077 2,008 13,471 13,672
Long-term liabilities:
Loans and credit from banks and
other lenders 556 319 3,609 2,169
Debentures 1,259 1,234 8,167 8,402
Deferred tax liabilities 52 57 335 387
Employee benefits 116 102 751 693
Other long-term liabilities 312 147 2,027 1,004
Total long-term liabilities 2,295 1,859 14,889 12,657
Total liabilities 4,373 3,866 28,359 26,329
Equity
Total equity 3,262 3,225 21,154 21,964
Total liabilities and equity 7,635 7,091 49,514 48,293
9月30日9月30日 2021 2020 2021 2020 美元(米)美元(米)人民币(米)人民币(米)资产流动资产：银行和手头现金764 842 4,956 5,733应收票据和应收账款1,553 1,420 10,071 9,668库存1,749 1,631 11,345 11,110其他流动资产、应收账款和预付费用266 323 1,723 2,200流动资产总额4,332 4,216 28,095 28,712非流动资产：固定资产净值1,504 1,152 9,755 7,844使用权资产73 74 472 504无形资产净额1,498 1,441 9,713 9,815递延税项资产129 130 839 883其他非流动资产99 78 640 535非流动资产总额3,303,875 21,419,581总资产7,635 7,091 49,514 48,293负债流动负债：从银行和银行获得的贷款和信贷其他贷款人446 487 2,893 3,314应付票据及帐款822 739 5,331 5,032其他流动负债809 782 5,2475,326流动负债总额2,077,008 13,471 13,672长期负债：从银行和银行获得的贷款和信贷其他贷款人556 319 3,609 2,169债券1,259 1,234 8,167 8,402递延税项负债52 57 335 387雇员福利116 102 751 693其他长期负债312 147 2 027 1004长期负债总额2,295 1,859 14,889 12,657总负债4,373,866 28,359 26,329权益总股本3,262 3,225 21,154 21,964负债和权益总额7,635 7,091 49,514 48,293
Abridged Consolidated Cash Flow Statement for the Third Quarter
第三季度简略合并现金流量表
Q3 2021 Q3 2020 Q3 2021 Q3 2020
USD (m) USD (m) RMB (m) RMB (m)
Cash flow from operating activities:
Cash flow from operating activities 107 23 691 157
Cash flow from operating activities 107 23 691 157
Investing activities:
Acquisitions of fixed and intangible
assets -96 -72 -624 -498
Proceeds from disposal of fixed and
intangible assets - - - -3
Acquisition of subsidiaries - -14 - -96
Other investing activities - 2 5 18
Cash flow used for investing
activities -96 -84 -619 -579
Financing activities:
Receipt of loans from banks and
other lenders 92 149 593 1,030
Repayment of loans from banks and
other lenders -50 -134 -326 -926
Interest payment and other -10 -7 -65 -50
Dividends to shareholders -6 -1 -37 -5
Other financing activities 11 -0 73 -0
Cash flow from (used for) financing
activities 37 7 237 49
Effects of exchange rate movement on
cash and cash equivalents - 6 17 -189
Net change in cash and cash
equivalents 47 -48 325 -562
Cash and cash equivalents at the
beginning of the period 714 884 4,615 6,256
Cash and cash equivalents at the end
of the period 762 836 4,940 5,694
Free Cash Flow 1 -68 6 -471
2021年第三季度2020年第三季度2021年第三季度美元(米)美元(米)人民币(米)人民币(米)经营活动的现金流：经营活动现金流107 23 691 157经营活动现金流107 23 691 157投资活动：收购固定资产和无形资产资产-96-72-624-498处置固定和非固定资产所得收益无形资产-3收购子公司--14--96其他投资活动-2 5 18用于投资的现金流活动-96-84-619-579融资活动：接受银行贷款和其他贷款人92 149 593 1,030偿还银行贷款和其他贷款人-50-134-326-926利息支付和其他-10-7-65-50向股东派息-6-1-37-5其他融资活动11-073-0来自(用于)融资的现金流活动37 7 237 49汇率变动对中国经济的影响现金和现金等价物-6 17-189现金和现金净变动等价物47-48 325-562现金和现金等价物期初714 884 4,615 6,256末尾的现金和现金等价物762 836 4,940 5,694自由现金流1-68 6-471
Abridged Consolidated Cash Flow Statement for the First Nine Months
前九个月简略合并现金流量表
9M 2021 9M 2020 9M 2021 9M 2020
USD (m) USD (m) RMB (m) RMB (m)
Cash flow from operating activities:
Cash flow from operating activities 338 196 2,182 1,392
Cash flow from operating activities 338 196 2,182 1,392
Investing activities:
Acquisitions of fixed and intangible
assets -279 -186 -1,803 -1,301
Proceeds from disposal of fixed and
intangible assets 3 3 20 18
Acquisition of subsidiaries -101 -14 -655 -96
Other investing activities -11 -3 -73 -15
Cash flow used for investing
activities -388 -200 -2,511 -1,394
Financing activities:
Receipt of loans from banks and
other lenders 675 550 4,370 3,852
Repayment of loans from banks and
other lenders -411 -240 -2,655 -1,672
Interest payment and other -70 -57 -453 -400
Dividends to shareholders -6 -2 -37 -11
Other financing activities 34 -34 222 -245
Cash flow from (used for) financing
activities 223 217 1,446 1,524
Effects of exchange rate movement on
cash and cash equivalents 1 4 -11 -148
Net change in cash and cash
equivalents 174 217 1,105 1,374
Cash and cash equivalents at the
beginning of the period 588 619 3,835 4,320
Cash and cash equivalents at the end
of the period 762 836 4,940 5,694
Free Cash Flow -115 -56 -745 -376
900万2021年900万2020年900万2021年1900万美元(米)美元(米)人民币(米)人民币(米)经营活动的现金流：经营活动现金流338 196 2,182 1,392经营活动现金流338 196 2,182 1,392投资活动：收购固定资产和无形资产资产-279-186-1,803-1,301处置固定和非固定资产所得收益无形资产3 3 20 18收购子公司-101-14-655-96其他投资活动-11-3-73-15用于投资的现金流活动-388-200-2511-1394融资活动：接受银行贷款和其他贷款人675 550 4,370 3,852偿还银行贷款和其他贷款人-411-240-2655-1672利息及其他-70-57-453-400向股东派息-6/2/37/11其他融资活动34-34 222-245来自(用于)融资的现金流活动223 217 1,446 1,524汇率变动对中国经济的影响现金和现金等价物1 4-11-148现金和现金净变动等值174 217 1,105 1,374现金和现金等价物期初588 619 3,835 4,320末尾的现金和现金等价物762 836 4,940 5,694自由现金流-115-56-745-376
Notes to Abridged Consolidated Financial Statements
简略合并财务报表附注
Note 1: Basis of preparation
注1：准备依据
Basis of presentation and accounting policies: The abridged consolidated financial statements for the quarters ended September 30, 2021 and 2020 incorporate the financial statements of ADAMA Ltd. and of all of its subsidiaries (the "Company"), including Adama Agricultural Solutions Ltd. ("Solutions") and its subsidiaries.
列报基础和会计政策：截至2021年9月30日和2020年9月30日的季度的简要综合财务报表包括ADAMA有限公司及其所有子公司(“公司”)的财务报表，包括阿达玛农业解决方案有限公司(“解决方案”)及其子公司的财务报表。
The Company has adopted the Accounting Standards for Business Enterprises (ASBE) issued by the Ministry of Finance (the "MoF") and the implementation guidance, interpretations and other relevant provisions issued or revised subsequently by the MoF (collectively referred to as "ASBE").
本公司已采用财政部颁布的“企业会计准则”(以下简称“财政部会计准则”)及财政部随后发布或修订的实施指南、解释及其他相关规定(统称“企业会计准则”)。
The abridged consolidated financial statements contained in this release are presented in both Chinese Renminbi (RMB), as the Company's shares are traded on the Shenzhen Stock Exchange, as well as in United States dollars ($) as this is the major currency in which the Company's business is conducted. For the purposes of this release, a customary convenience translation has been used for the translation from RMB to US dollars, with Income Statement and Cash Flow items being translated using the quarterly average exchange rate, and Balance Sheet items being translated using the exchange rate at the end of the period.
本新闻稿中包含的简略综合财务报表既以人民币(公司股票在深圳证券交易所交易)和美元(美元)表示，因为人民币是公司开展业务的主要货币。就本新闻稿而言，从人民币到美元的换算采用了惯常的便捷换算方法，损益表和现金流量项目使用季度平均汇率换算，资产负债表项目使用期末汇率换算。
The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimated.
编制财务报表要求管理层作出估计和假设，以影响在财务报表日期报告的资产和负债额以及或有资产和负债的披露，以及报告期内报告的收入和费用。实际结果可能与估计的结果不同。
Note 2: Abridged Financial Statements
附注2：财务报表摘要
For ease of use, the financial statements shown in this release have been abridged as follows:
为便于使用，本新闻稿中显示的财务报表被删节如下：
Abridged Consolidated Income Statement:
简略综合收益表：
-- "Gross profit" in this release is revenue less costs of goods sold, taxes
and surcharges, inventory impairment and other idleness charges (in
addition to those already included in costs of goods sold); part of the
idleness charges is removed in the Adjusted financial statements
-- "Other operating expenses" includes impairment losses (not including
inventory impairment); gain (loss) from disposal of assets and
non-operating income and expenses
-- "Operating expenses" in this release differ from those in the formally
reported financial statements in that in this release certain idleness
charges have been reclassified to impact gross profit, in line with the
approach taken by the Company with respect to idleness charges generally
-- "Financial expenses and investment income" includes net financing
expenses; gains from changes in fair value; and investment income
(including share of income of equity accounted investees)
--本新闻稿中的“毛利”是指收入减去销售商品的成本，税金以及附加费、存货减值和其他闲置费用(in除已计入售出商品成本的费用外)；部分调整后的财务报表中删除了闲置费用--“其他营业费用”包括减值损失(不包括存货减值)；处置资产的收益(损失)和营业外收入和费用--本新闻稿中的“运营费用”与正式版本中的“运营费用”不同报告的财务报表在本新闻稿中有一定的闲置收费已重新分类，以影响毛利，以符合公司对闲置收费采取的一般做法--“财务费用和投资收益”包括净融资费用；公允价值变动收益；投资收益(包括计入股权的被投资人的收入份额)