Annual report 2008 - Alkaloid Pharmaceutical Factory

146 Pages·2009·14.01 MB·English

Annual
Report
2008
Key Financial Indicators 5
Highlights 2008 6
Organizational Chart 8
Supervisory Board 10
Management Board 12
Corporate Information 16
PC Pharmaceuticals 40
Daughter Companies 70
PC Chemistry, Cosmetics and Botanicals 72
Investor Information 80
Consolidated Financial Statement 90
Contacts / Subsidiaries 138
Alkaloid group
2008
Key Financial
Indicators
(In 000 MKD)
Amount Amount Index 5
2008 2007 08/07

Total Revenues 5.015.557 4.198.043 119,47
Sales 4.725.737 4.023.349 117,46
Gross Profit 2.257.021 1.854.693 121,69
Operative Profit 652.332 522.838 124,77
Profit Before Tax 610.865 477.049 128,05
Net Profit 501.784 376.529 133,27
Total Assets 7.071.455 6.758.183 104,64
Capital 5.813.945 5.466.114 106,36
Net Cash Flow -18.201 106.237 -17,13
Investments in Fixed Assets 392.345 226.461 173,25
Average Number of Employees 1.148 1.090 105,32
Sales per Employee 4.116 3.691 111,52

Current Ratio 2,59 2,26 114,31
Long-term Debts 0,00 0,01 24,71
ROE Return on Equity 8,63 6,89 125,29
EPS Earnings per Share (in MK Denars) 352,66 263,93 133,62
DPS Dividend per Share (in MK Denars) 123,00 100,00 123,00
Total Number of Shares 1.431.353 1.431.353 100,00
1 EUR / 1 MKD 61,2654 61,1838 100,13

FINANCIAL HIGHLIGHTS
(In 000 EUR)
Amount Amount Index
2008 2007 08/07

Total Revenues 81.866 68.614 119,31
Sales 77.135 65.758 117,30
EBIT Earnings Before Interest and Taxes 10.648 8.545 124,60
Net Profit 8.190 6.154 133,09
EPS Earnings per Share 5,76 4,31 133,44
Annual Report ‘08

In 2008, the Supervisory Board of Alkaloid AD Skopje operated as follows:
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Prof. D-r Mi od rag Mi caj kov
Pre si dent of the Su per vi sory Bo ard,
Ph.D. in Law
Born on Au gust 27, 1944, in Ka va dar ci, Re pub lic of Ma ce do nia.
Pro fes sor at Jus ti ni jan I Fa culty of Law at Sts. Cyril and Met ho di us Uni ver sity in Skop je.
Prof. D-r Ili ja Dzo nov
Mem ber of the Su per vi sory Bo ard,
MD, Dr. Sci. med.
Born on No vem ber 24, 1943, in Stip, Re pub lic of Ma ce do nia.
Emplo yed at the Cli nic of Ne u ro logy at the Cli ni cal Cen tre in Skop je,
Pro fes sor and for mer De an of the Fa culty of Me di ci ne in Skop je.
Bo jan co Kra lev ski
Mem ber of the Su per vi sory Bo ard,
B.Sc. in Che mi cal Engi ne e ring.
Born on March 8, 1951, in Skop je, Re pub lic of Ma ce do nia.
Emplo yed in Alka lo id Co a tings.
Alkaloid
Report on the work
of the Supervisory
Board of Alkaloid
AD Skop je
In accordance with the Company Law and the Statute In addition, the Supervisory Board reviewed the
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of ALKALOID AD Skopje, the Supervisory Board is records and documentation of the Company which
authorized to supervise the Management Board in its were related to its financial operations, as well as the
management of the Company. s t a t e m e n t o f a s s e t s a n d s e c u rities, and consequently
asserted that in this area the Company performed its
In the course of 2008, the Supervisory Board held its operations successfully and in compliance with the
sessions in the presence of all members and dis- legal regulations.
cussed all important issues that fell within the scope
of its competences, including the Balance Sheet of the The Supervisory Board reviewed the Financial reports
Company, the results of its operations and the non- for the year that ended on 31 December 2008 and the
consolidated individual financial reports, as well as the independent auditor’s report prepared by Deloitte
unrevised consolidated reports. S k o p j e , t h e p r o p o s e d d e c i s io n s b y t h e M a n a g e m e n t
Board that will be submitted to the Shareholders’
The Supervisory Board carried out an inspection of the Assembly: Proposal of the Annual Report for the peri-
management of the Company i.e. the work of the od January – December 2008, Decision Proposal for
Management Board, and reviewed the Annual Report allocation and distribution of the profit, Decision
on the Company operations for the period from Proposal for determination of the date for payment of
January to December 2008. Thereafter, the the dividend for 2008 (dividend calendar), Decision
Supervisory Board asserted that the operations of the Proposal for acquisition of proper shares with buyout,
Company and its management were successful, Decision proposal for selling proper shares, put for-
based on the achieved results in 2008, which were ward to the Shareholders’ Assembly on its session to
confirmed by the authorized auditor. p a s s t h e D e c i s i o n s a s p r o p o s e d .
In this regard, the Supervisory Board proposed that
the Company Assembly should endorse the work of
the Management Board of ALKALOID AD Skopje and
the Company operations in the course of 2008, and Su per vi sory Bo ard
adopt the Annual Report on the Company operations Prof. D-r Mi od rag Mi caj kov
for the year 2008. Pre si dent
Annual Report ‘08