SOCIETATEA NAŢIONALĂ A LIGNITULUI OLTENIA S.A. Identification data for SOCIETATEA NAŢIONALĂ A LIGNITULUI OLTENIA S.A. Fiscal identification code: 16306589 Registry of commerce number: J18/263/2004 Main activity of SOCIETATEA NAŢIONALĂ A LIGNITULUI OLTENIA S.A. CAEN: Extractia carbunelui inferior (PCS<23865 kJ/kg) Contact information of SOCIETATEA NAŢIONALĂ A LIGNITULUI OLTENIA S.A. Address: Str. TUDOR VLADIMIRESCU 1-15 TÎRGU JIU, County: GORJ

Balance Sheet	2006	2007	2008	2009	2010
Total fixed assets	457,173,832	503,401,972	542,937,587	557,973,422	559,948,100
Total current assets	425,724,710	412,613,088	487,620,131	486,006,109	518,759,430
Inventory	72,022,081	110,561,613	124,164,663	109,525,172	101,568,839
Cash and deposits	139,105,709	12,886,395	5,548,115	3,757,467	1,834,509
Total receivables	214,596,920	289,165,080	357,907,353	372,723,470	415,356,082
Total capital	706,691,759	729,733,030	701,811,498	649,960,276	583,246,932
Paid-in capital	321,292,410	321,292,410	321,078,640	321,078,640	321,078,640
Loss provisions	11,384,212	11,417,176	11,417,176	7,938,813	7,596,262
Total debt	148,065,744	174,864,854	277,969,274	340,562,211	448,846,862

Profit and Loss	2006	2007	2008	2009	2010
Annual turnover	1,148,955,365	1,117,747,731	1,128,896,472	910,255,131	901,020,784
Total revenues	1,161,524,529	1,148,492,064	1,165,343,827	940,269,064	976,300,200
Total expenses	1,034,886,308	1,127,166,374	1,191,096,583	1,009,702,812	1,027,694,764
Profit before tax	126,638,221	21,325,690	-25,752,756	-69,433,748	-51,394,564
Net profit	103,072,089	16,381,316	-29,885,980	-70,424,251	-63,452,626
No of employees	9,078	8,765	8,829	8,821	8,371

Balance Sheet Ratios	2006	2007	2008	2009	2010
Debt to equity ratio	0.2095	0.2396	0.3961	0.5240	0.7696
Total debt to total assets	0.3239	0.3474	0.5120	0.6104	0.8016
Shareholder's equity to total assets	1.5458	1.4496	1.2926	1.1649	1.0416

Profitability Ratios	2006	2007	2008	2009	2010
Profit before tax margin (%)	11.0220	1.9079	-2.2812	-7.6279	-5.7040
Net profit margin (%)	8.9709	1.4656	-2.6474	-7.7368	-7.0423
Before tax ROE (Return On Equity)	17.2336	2.8774	-3.4219	-9.8709	-8.1597
After tax ROE (Return On Equity)	14.0266	2.2103	-3.9711	-10.0117	-10.0741

Operating Ratios	2006	2007	2008	2009	2010
Inventory turnover (days)	22.8800	36.1038	40.1455	43.9181	41.1451
Receivables turnover (days; VAT adjusted)	57.2883	79.3502	97.2439	125.5942	141.3942
Total assets turnover (times)	0.3239	0.3474	0.5120	0.6104	0.8016

Annual Turnover (2006-2010)	Evolution of Turnover vs. Sector Average
The graph shows the evolution of annual turnover of the company SOCIETATEA NAŢIONALĂ A LIGNITULUI OLTENIA S.A. in 2006 - 2010.	The graph shows the evolution of turnover of the company SOCIETATEA NAŢIONALĂ A LIGNITULUI OLTENIA S.A., compared with the average turnover of the main activity of which it forms part, surrounding the company in one of the quartile.
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Total Assets (2006-2010)	Evolution of Total Assets vs. Sector Average
The graph shows the evolution of total assets (calculated as the sum of the fixed assets and current assets) for SOCIETATEA NAŢIONALĂ A LIGNITULUI OLTENIA S.A.in 2006- 2010.	The graph shows the evolution of total assets (calculated as the sum of the fixed assets and current assets) compared with the average turnover of the main activity of which it forms part
Chart.	Chart.

Total Debt (2006-2010)	Total Debt/ Total Assets (%)
The graph shows the evolution of total debt for the company SOCIETATEA NAŢIONALĂ A LIGNITULUI OLTENIA S.A. in 2006 - 2010.	The graph shows the evolution of the ratio between total debt and total assets of SOCIETATEA NAŢIONALĂ A LIGNITULUI OLTENIA S.A.in 2006-2010 as a percentage.
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Profit Before Tax (2006-2010)	Profit Before Tax Margin (%)
The graph shows the evolution of gross profit for the company SOCIETATEA NAŢIONALĂ A LIGNITULUI OLTENIA S.A..	The graph shows the evolution ratio between gross profit and turnover of SOCIETATEA NAŢIONALĂ A LIGNITULUI OLTENIA S.A.in 2006-2010.
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Legend:

Garnet line: divides companies' performance in (2) two halves: upper and lower;
Green line: divides performance of the upper half companies in two quarters: "top quarter" and "above average quarter";
Red Line: divides performance of the lower half companies in: "below average performance" and "lowest performance";
White background: represent the top half of each quarter;

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