ENEL DISTRIBUŢIE DOBROGEA S.A. Identification data for ENEL DISTRIBUŢIE DOBROGEA S.A. Fiscal identification code: 14500308 Registry of commerce number: J13/791/2002 Main activity of ENEL DISTRIBUŢIE DOBROGEA S.A. CAEN: Distributia energiei electrice Contact information of ENEL DISTRIBUŢIE DOBROGEA S.A. Address: Str. NICOLAE IORGA 89A CONSTANŢA, County: CONSTANŢA
	Business contacts for ENEL DISTRIBUŢIE DOBROGEA S.A. in Major Companies in Romania

Balance Sheet	2006	2007	2008	2009	2010
Total fixed assets	537,701,562	645,735,207	757,308,563	841,672,472	1,100,222,103
Total current assets	432,593,378	305,239,425	293,398,454	356,468,366	400,221,974
Inventory	4,535,776	10,963,751	11,961,979	21,216,217	19,329,654
Cash and deposits	254,660,651	168,737,031	186,439,231	228,346,168	265,751,760
Total receivables	173,396,951	125,538,643	94,997,244	106,905,981	115,140,560
Total capital	644,306,718	668,765,185	704,606,957	806,624,314	907,588,692
Paid-in capital	338,970,050	280,285,560	280,285,560	280,285,560	280,285,560
Loss provisions	83,707,946	73,204,614	84,764,618	78,010,485	82,594,176
Total debt	180,645,632	209,004,833	134,821,649	158,309,692	309,255,746

Profit and Loss	2006	2007	2008	2009	2010
Annual turnover	732,975,284	574,688,859	384,627,203	391,464,506	407,967,280
Total revenues	776,295,157	619,630,070	420,413,540	434,659,062	462,292,285
Total expenses	636,246,127	508,049,086	340,838,854	323,319,114	340,774,618
Profit before tax	140,049,030	111,580,984	79,574,686	111,339,948	121,517,667
Net profit	111,295,204	83,053,858	63,648,668	92,084,825	99,646,464
No of employees	1,592	1,407	1,153	1,083	1,036

Balance Sheet Ratios	2006	2007	2008	2009	2010
Debt to equity ratio	0.2804	0.3125	0.1913	0.1963	0.3407
Total debt to total assets	0.3360	0.3237	0.1780	0.1881	0.2811
Shareholder's equity to total assets	1.1983	1.0357	0.9304	0.9584	0.8249

Profitability Ratios	2006	2007	2008	2009	2010
Profit before tax margin (%)	19.1069	19.4159	20.6888	28.4419	29.7861
Net profit margin (%)	15.1840	14.4520	16.5481	23.5232	24.4251
Before tax ROE (Return On Equity)	17.7356	15.0385	8.6883	10.7075	10.2014
After tax ROE (Return On Equity)	14.0943	11.1937	6.9494	8.8557	8.3653

Operating Ratios	2006	2007	2008	2009	2010
Inventory turnover (days)	2.2587	6.9634	11.3516	19.7819	17.2938
Receivables turnover (days; VAT adjusted)	72.5601	67.0024	75.7560	83.7636	86.5663
Total assets turnover (times)	0.3360	0.3237	0.1780	0.1881	0.2811

Annual Turnover (2006-2010)	Evolution of Turnover vs. Sector Average
The graph shows the evolution of annual turnover of the company ENEL DISTRIBUŢIE DOBROGEA S.A. in 2006 - 2010.	The graph shows the evolution of turnover of the company ENEL DISTRIBUŢIE DOBROGEA 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 ENEL DISTRIBUŢIE DOBROGEA 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
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Total Debt (2006-2010)	Total Debt/ Total Assets (%)
The graph shows the evolution of total debt for the company ENEL DISTRIBUŢIE DOBROGEA S.A. in 2006 - 2010.	The graph shows the evolution of the ratio between total debt and total assets of ENEL DISTRIBUŢIE DOBROGEA 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 ENEL DISTRIBUŢIE DOBROGEA S.A..	The graph shows the evolution ratio between gross profit and turnover of ENEL DISTRIBUŢIE DOBROGEA 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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