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Economic and financial situation of the INCDIE ICPE‑CA

4.8. The evolution of the economic performance

The Main economic and financial indicators 31.12.2019

Ref. Indicator value Indicator value Achievement
No. Indicator name for 2018 for 2019 level
4=(col.2/col.3-
0 1 2 3
1)*100
1. Liquidity indicators
a) general (current) liquidity 1,35 1,57 16,30
b) intermediary liquidity 0,81 0,78 ‑3,7
2. Activity indicators
a) rotational speed of the current assets 21,48 20,35 ‑5,26
b) duration for recovery of claims 16,44 13,90 ‑15,45
c) duration for debts payment 98,49 62,80 ‑36,24
3. Profitability indicators
a) economic profitability 0,21 0,25 19,05
b) financial profitability 0,32 0,34 6,25
c) expenditure to operating income of 1,000 lei 996,76 996,42 ‑0,03

4.9. Labor productivity per total personnel and RDI personnel

year 2018 year 2019
[lei] [lei]
Labor productivity – total personnel (total income/average number of 136.154,30 159.884,82
employees
Labor productivity – RDI personnel 138.937,00 178.788,37

4.10. The implemented economic and social policies (costs/effects):

PRINCIPLES, POLICIES AND ACCOUNTING METHODS

1. Accounting policies
The presented financial statements are prepared in accordance with the requirements of Law no.
82/1991 of the Revised Accounting, the Order of the Minister of Public Finance no.1802 / 2014 for the approval
of the Accounting Regulations regarding the individual annual financial statements and the consolidated annual
financial statements, and of Order no. 10/2019 on the aspects related to the preparation and submission of the
annual financial statements and the annual accounting reports of the economic operators to the territorial units
of the Ministry of Public Finance, as well as for amending and supplementing regulations, O.M.F.P. no. 2861
from October 9, 2009 for the approval of the Norms regarding the organizing and performing the inventory, the
elements of the assets, debts and equity, Fiscal Code.
The evaluation of the items included in the annual financial statements was carried out according to
the principles contained in the European directives which are the basis of the above‑mentioned normative
acts. According to the principle of continuing the activity, the company will continue its activity as usual in
a foreseeable future without going into the impossibility of continuing the activity or without significantly
reducing it. According to this principle, management of the company is required to evaluate all available
information both for the period immediately following the closure of the financial year and for a period longer

PAGE 48 | ANNUAL REPORT | 2019