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Siguldas CMAS JSC Audited Annual Report for 2020 Riga Stock Exchange: SCM1R




The company’s net turnover in 2020 was 1.2 million euros, or 48 thousand euros, or 4.1% more than in 2019.

The proportion of income from basic economic activities of the enterprise, if compared with the year 2019, had not changed substantially; income from sales of bull semen accounted for 56.7% of net turnover, while dairy laboratory services and monitoring data processing services, taken together, account for 34.5% of net sales.

The year 2020 ended with a profit of 104 thousand euros. Compared to 2019, the profit before tax for the year under review increased by 56 thousand euros, mainly due to the increase in net turnover.

The Covid-19 epidemic did not have a significant impact on the activities, financial situation and economic indicators of the company.


Net sales:1,236,9041,188,527
a) agricultural activities1,236,9041,188,527
Inventory changes or finished products and unfinished products30 13210,219
Other exploitation products63 11236036
Material costs:(554,663)(531271)
a) raw materials and ancillary costs of materials(448,270)(424,415)
b) other external costs(106,393)(106,856)
Personnel costs:(478,648)(465,076)
a) labor wages(380,057)(366,701)
b) compulsory contributions to state social insurance(87 204)(86,480)
c) other social insurance costs(11,387)(11,895)
Amortization adjustments:(114,354)(101,982)
a) depreciation adjustments of tangible and intangible assets(57,826)(51,252)
b) depreciation adjustments for current assets that the company considers to be greater than the normal write-off amounts(56,528)(50 730)
Other operating costs(75,665)(86 110)
Profit or loss before corporate income tax106 81850 343
Business income tax for the reporting year2,750
Profit or loss after calculation of corporate income tax104,06850 343
The profit or loss of the year 104,068 50 343
Equity for 1 share (EPS)0.2460.119

JSC Siguldas ciltslietu un mkslgs apskloanas stacija is one of the largest producers and suppliers of high quality breeding bull semen in Latvia. The second core business area of ​​the business is milk testing services. The Company also provides other services related to breeding, consultation on issues of breeding, feeding and keeping livestock, evaluation of cow exteriors, artificial insemination of cows, initial processing of surveillance data.

Valda mlniece

Member of the Management Board, Head of the financial and accounting department

E-mail: [email protected]

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