Latvia is a small, open economy with exports contributing
nearly a third of GDP. Due to its geographical location, transit services are
highly-developed, along with timber and wood-processing, agriculture and food
products, and manufacturing of machinery and electronics industries. Corruption
continues to be an impediment to attracting foreign direct investment and
Latvia's low birth rate and decreasing population are major challenges to its
long-term economic vitality. Latvia's economy experienced GDP growth of more
than 10% per year during 2006-07, but entered a severe recession in 2008 as a
result of an unsustainable current account deficit and large debt exposure amid
the softening world economy. Triggered by the collapse of the second largest
bank, GDP plunged 18% in 2009. The economy has not returned to pre-crisis
levels despite strong growth, especially in the export sector in 2011-12. The
IMF, EU, and other international donors provided substantial financial
assistance to Latvia as part of an agreement to defend the currency's peg to
the euro in exchange for the government's commitment to stringent austerity
measures. The IMF/EU program successfully concluded in December 2011. The
government of Prime Minister Valdis DOMBROVSKIS remains committed to fiscal
prudence and reducing the fiscal deficit. The majority of companies, banks, and
real estate have been privatized, although the state still holds sizable stakes
in a few large enterprises, including 99.8% ownership of the Latvian national
airline. Latvia officially joined the World Trade Organization in February 1999
and the EU in May 2004. Latvia intends to join the euro zone in 2014.
|
Identification
|
|
Full Name
|
:
|
Sabiedriba ar ierobezotu atbildibu "Do It"
|
|
Name in English
|
:
|
DO IT, LTD.
|
|
Name in national language
|
:
|
Sabiedrība ar ierobežotu atbildību "Do It"
|
|
|
Office Address
|
:
|
|
"Augsvimbas", Garkalnes novads, Rigas region, LV-2137,
Latvia
|
|
|
|
|
|
|
|
|
Siguldas soseja 1e, Garkalnes novads, Rigas region, LV-1024, Latvia
|
|
|
|
|
|
|
Office and logistic center
|
|
|
Other Addresses
|
:
|
|
legal:
|
|
Brivibas iela 372, Riga, Rigas region, LV-1006, Latvia
|
|
|
|
|
|
|
( the data cancelled since 23.04.2013 )
|
|
|
Contacts
|
:
|
|
-
|
Phone
|
:
|
(+371) 26532690, 67795345, 67795347
|
|
-
|
Fax
|
:
|
(+371) 67609159
|
|
-
|
WWW
|
:
|
www.doit.lv
|
|
-
|
E-mail
|
:
|
info@doit.lv
|
|
|
|
|
|
|
|
SUMMARY
Legal Form : SIA (Ltd by Latvian law)
|
Incorporation : 2005
|
Staff : 116
|
Litigation events : yes
Remarks on payments : yes
|
|
Sales :
|
41 814 393.00 EUR ( for 12 months, ended 28.02.2014 )
|
|
51 259 408.00 EUR ( for 12 months, ended 28.02.2013 )
|
|
|
|
|
|
|
Incorporation
|
:
|
2005
|
|
|
Registration Data
|
|
|
|
Date of registration
|
:
|
14.03.2005
|
|
Registration number
|
:
|
40003733207
|
|
Registr. authority
|
:
|
Commercial Register (Latvia)
|
|
|
VAT number
|
:
|
LV40003733207
|
|
Registr. authority
|
:
|
Tax Board (Latvia)
|
|
|
Legal Form
|
:
|
|
SIA (Ltd by Latvian law)
|
since
14.03.2005
|
|
|
|
|
|
|
|
|
|
( the data as of 24.04.2014 )
|
|
|
Share Capital
|
:
|
|
9 136 430 LVL (registered)
|
since
08.02.2013
|
|
|
|
|
|
|
|
|
|
Shareholders
|
:
|
|
-
|
Jysk Linnen'n Furniture (Latvia)
|
33.33 %
|
|
|
share's book
value
|
:
|
3 044 810 LVL
|
|
|
|
reg. number
|
:
|
40003536998
|
|
|
|
address
|
:
|
Garkalnes nov., Bergi, "Rigas-Siguldas soseja 1E", Garkalnes
novads, Bergi, Rigas region, Latvia
|
|
|
|
-
|
JYSK Baltic UAB (Lithuania)
|
33.33 %
|
|
|
|
share's book
value
|
:
|
3 044 810 LVL
|
|
|
|
|
reg. number
|
:
|
1000225145
|
|
|
|
|
address
|
:
|
Ozo g. 25, Vilnius, Vilnius region, Vilnius city municipality,
Lithuania
|
|
|
|
|
-
|
Jysk Linnen'n Furniture OU (Estonia)
|
33.33 %
|
|
|
|
share's book
value
|
:
|
3 044 810 LVL
|
|
|
|
|
reg. number
|
:
|
1000225156
|
|
|
|
|
address
|
:
|
Endla 45, 10150, Tallinn, Harju county, Estonia
|
|
|
|
|
-
|
Joska Eignarhaldsfelag ehf av PLC (Iceland)
|
0.02 %
|
|
|
|
share's book
value
|
:
|
2 000 LVL
|
|
|
|
|
reg. number
|
:
|
1000061402
|
|
|
|
|
address
|
:
|
Smaratorg 1, 200 Kopavogur, Iceland
|
|
|
|
|
-
|
Jysk Linnen'n Furniture OU (Estonia)
|
33.32 %
|
|
|
|
share's book
value
|
:
|
1 639 210 LVL
|
|
|
|
|
reg. number
|
:
|
1000225156
|
|
|
|
|
address
|
:
|
Endla 45, 10150, Tallinn, Harju county, Estonia
|
|
|
|
( the data cancelled since 08.02.2013 )
|
|
|
-
|
Jysk Linnen'n Furniture SIA (Latvia)
|
33.32 %
|
|
|
|
share's book
value
|
:
|
1 639 210 LVL
|
|
|
|
|
reg. number
|
:
|
000353699
|
|
|
|
|
address
|
:
|
Rigas-Siguldas soseja 1E, Garkalnes novads, Bergi, Rigas region,
Latvia
|
|
|
|
( the data cancelled since 08.02.2013 )
|
|
|
-
|
JYSK Baltic UAB (Lithuania)
|
33.32 %
|
|
|
|
share's book
value
|
:
|
1 639 210 LVL
|
|
|
|
|
reg. number
|
:
|
1000225145
|
|
|
|
|
address
|
:
|
Ozo g. 25, Vilnius, Vilnius region, Vilnius city municipality,
Lithuania
|
|
|
|
( the data cancelled since 08.02.2013 )
|
|
|
-
|
Joska Eignarhaldsfelag ehf av PLC (Iceland)
|
100.00 %
|
|
|
|
reg. number
|
:
|
007008566;430402-5360
|
|
|
|
|
address
|
:
|
Smaratorg 1, 200 Kopavogur, Iceland
|
|
|
|
( the data cancelled since 19.08.2010 )
|
|
|
|
|
|
|
|
|
|
|
Board
/ Executives
|
|
|
Executives
|
|
|
|
Board Chairman
|
:
|
|
Mrs Lauwers Luc Henri Maria (Belgium)
|
|
address: Garkalnes novads, Siguldas soseja 1E, Latvia
|
|
|
/joint right of signature/
|
|
Board Member
|
:
|
|
Mrs Zundure, Dace (Latvia)
|
|
|
|
|
Board Member
|
:
|
|
Mrs Skrastina, Edite (Latvia)
|
|
address: Berzu iela 23, Lielvarde, Ogres region, Latvia
|
|
|
Tel.: 67147854 Email: edite.skrastina@jysk.lv
/joint right of signature/
|
|
Accountant
|
:
|
Tel.: 67609164 Email: galina.tuhtajeva@jysk.lv
|
|
Member of the board
|
:
|
/joint right of signature/
|
|
|
( the data cancelled since 30.10.2013 )
|
|
Board Chairman
|
:
|
|
Mrs Vilemsone, Kristine (Latvia)
|
|
address: Klusa iela 17, Siguldas novads, Peltes, Rigas region,
Latvia
|
|
|
/joint right of signature/
|
|
|
( the data cancelled since 22.08.2012 )
|
|
Board Member
|
:
|
|
Mr Lakstigala, Girts (Latvia)
|
|
address: Aleksandra Caka iela 109-49, Riga, Rigas region, Latvia
|
|
|
|
|
|
( the data cancelled since 14.04.2010 )
|
|
Board Chairman
|
:
|
|
Mr Brynjolv, Stora Niels (Iceland)
|
|
address: Reikjavika, Seljabraut 42, Iceland
|
|
|
|
|
|
( the data cancelled since 29.10.2009 )
|
|
Board Chairman
|
:
|
|
|
|
( the data cancelled since 29.10.2009 )
|
|
Proxy
|
:
|
|
Mr Krumins, Austris (Latvia)
|
|
address: Stirnu iela 13c-42, Riga, Rigas region, Latvia
|
|
|
|
|
|
( the data cancelled since 29.10.2009 )
|
|
|
Authorised signature
|
:
|
Mrs Lauwers Luc Henri Maria
|
|
|
Mrs Skrastina, Edite
|
|
|
Mrs Zundure, Dace
|
|
|
Changes
in Registration Data
|
|
- 30.10.2013
|
:
|
|
|
|
- 23.04.2013
|
:
|
historical address: Riga, Brivibas iela 372
|
|
|
- 08.02.2013
|
:
|
|
share capital, shareholders
|
|
|
|
- 27.02.2012
|
:
|
|
|
|
- 19.08.2010
|
:
|
|
share capital, shareholders
|
changes in company statute
|
|
|
- 14.04.2010
|
:
|
|
|
|
- 02.12.2009
|
:
|
|
|
|
- 29.10.2009
|
:
|
changes in company statute registered or changed procurist
|
|
|
- 03.07.2009
|
:
|
|
|
|
- 05.03.2009
|
:
|
|
|
|
- 08.04.2008
|
:
|
|
|
|
- 26.04.2005
|
:
|
V.A.T. payer's license was issued
|
|
|
- 24.03.2005
|
:
|
|
|
|
- 14.03.2005
|
:
|
new company organized
|
|
|
Activities
|
:
|
|
-
|
4226
|
Special warehousing and storage
|
|
|
(6312 / NACE_1.1: Storage and warehousing)
|
|
|
(5210 / NACE_2: Warehousing and storage)
|
|
-
|
4731
|
Freight Forwarding
|
|
|
(6340 / NACE_1.1: Activities of other transport agencies)
|
|
|
(5229 / NACE_2: Other transportation support activities)
|
|
-
|
502
|
Furniture and Home Furnishings
|
|
|
(5147 / NACE_1.1: Wholesale of other household goods)
|
|
|
(4643 / NACE_2: Wholesale of electrical household appliances)
|
|
-
|
5023
|
Home furnishings
|
|
|
(5147 / NACE_1.1: Wholesale of other household goods)
|
|
|
(4647 / NACE_2: Wholesale of furniture, carpets and lighting
equipment)
|
|
-
|
57
|
FURNITURE AND HOME FURNISHINGS STORES
|
|
|
(5244 / NACE_1.1: Retail sale of furniture, lighting equipment and
household articles n.e.c.)
|
|
|
(4753 / NACE_2: Retail sale of carpets, rugs, wall and f loor
coverings in specialised stores)
|
|
|
|
|
|
|
|
Freight transport: by road
|
|
|
wholesale and retail of furniture and household goods The company
operates with Jysk shops network (sale of household goods, furniture).
Starting from 2011 SIA 'DO IT' offers the custom warehouse servicing. Freight
transportation by road. Logistic services (only 5% of turnover). 95% of sales
is formed by wholesale and retail. Information from the company's website:
Our services are certified by: ISO 9001:2009 certificate regarding very high
performance in logistics and warehouse services. SIA “Do It” began its
activities in 2005 as the importer and distributor for “JYSK Linnen’
Furniture” in the Baltic countries. In 2007, when “JYSK Linnen' Furniture”
started developing its sale network in the Balkans, SIA “Do It” expanded the
scope of its service provision by including Romania and Bulgaria. SIA “Do It”
offers a full range of logistics services and diverse logistics solutions,
road and sea cargo transport, warehousing, customs agent service, procurement
and distribution of goods. WAREHOUSING SERVICES Long-term and short-term
storage of goods and pallets Cargo consolidation Storage of large-scale goods
and cargos Loading and unloading of goods Cross-docking Outdoor storage
Arrangement of goods as ordered by the customer Sorting of goods Labelling of
goods Production and translation of labels Stock-taking for the customer
Customer service Round-the-clock security guarding
|
|
|
Staff employed
|
:
|
|
116
|
|
( the data as of 31.12.2014 )
|
|
|
|
|
|
Staff History
|
:
|
|
-
|
80
|
|
( the data as of 31.12.2013 )
|
|
|
-
|
82
|
|
|
( the data as of 31.12.2012 )
|
|
|
-
|
67
|
|
|
( the data as of 31.12.2011 )
|
|
|
-
|
70
|
|
|
( the data as of 31.12.2010 )
|
|
|
-
|
53
|
|
|
( the data as of 31.12.2009 )
|
|
|
-
|
51
|
|
|
( the data as of 29.02.2008 )
|
|
|
-
|
51
|
|
|
( the data as of 31.12.2007 )
|
|
|
-
|
20
|
|
|
( the data as of 2005 )
|
|
|
|
|
|
|
Export
|
:
|
Lithuania, Estonia, Iceland, Romania, Bulgaria, Canada
2010 - 72% of turnover
|
|
|
Import
|
:
|
China Peoples Republic, Indonesia, United Kingdom, Poland, Germany,
Netherlands, Lithuania, Bulgaria
|
|
|
Facilities
|
:
|
|
own:
|
|
-
|
Other tools & equipment - Car
|
|
quantity
|
:
|
8.00 unit(s)
|
|
|
leasing:
|
|
-
|
Other tools & equipment - Car
|
|
quantity
|
:
|
2.00 unit(s)
|
|
|
|
|
|
|
|
Branches
|
:
|
|
|
|
Subsidiaries and Participation
|
:
|
n/a
|
|
|
Bankers
|
:
|
|
-
|
SWEDBANKA AS (Latvia)
|
|
address
|
:
|
Riga, Rigas region, Latvia
|
|
account(s)
|
:
|
LV03HABA0551009413037
|
|
|
|
|
|
|
|
Clients
|
:
|
Information from the company's website: At present, we serve 39 shops
in the following five countries from the logistics centre “Berģi”:
Latvia, Lithuania, Estonia, Romania and Bulgaria. In 2009, we launched
regular supplies to clients in Ukraine and Iceland.
|
|
|
Jysk (LV, LT, EE), the Pier (LV), Rumfata Lagerinn Terms offerred to
the suppliers: 2-3-weeks respite for clients-related companies.
|
|
|
Suppliers
|
:
|
Average: 25-30 General: LAGERI HOM PURCHASES (China); TVILOOM
(Denmark); PLASTI (Poland); BETEWELT (Germany)
|
|
|
Other associated Companies
|
:
|
Jysk (LV, LT, EE)
|
|
|
Litigation
|
:
|
|
|
|
|
The subject company was/is being involved as a claimant into two legal
proceedings in the period from 31.10.2013 up to 15.09.2014 (last court
sitting). Case numbers: C30502013 A420391213 There are no bankruptcy/insolvency
listed in the subject name in the official sources.
|
|
|
Remarks on payment
|
|
|
|
- 04.09.2014
|
:
|
|
Debt collection (confirmed)
|
0.00 EUR
|
|
payment status
|
:
|
complete
|
|
|
|
|
|
|
|
|
( the data as of 04.09.2014, cancelled since 18.09.2014 )
|
|
|
Business mortgages
|
|
|
|
- 13.02.2014
|
:
|
|
Commercial pledge
|
|
pledgee
|
:
|
Swedbank, AS (Latvia)
|
|
|
|
|
|
|
|
|
- 22.11.2012
|
:
|
|
Commercial pledge
|
|
pledgee
|
:
|
Swedbank, AS (Latvia)
|
|
|
|
|
|
|
|
|
- 23.07.2008
|
:
|
|
Commercial pledge
|
|
pledgee
|
:
|
HANSABANKA AS (Latvia)
|
|
|
|
|
|
|
|
|
- 25.08.2005
|
:
|
|
Commercial pledge
|
|
pledgee
|
:
|
JYSK LINNEN'N FURNITURE, SIA (Latvia)
|
|
|
|
|
|
|
|
Financial
Elements
|
|
|
Financial Elements
|
:
|
By the words of Mrs. Liga Agare the turnover for 2014 is 44.6 mln.
EUR. and the profit is going to be higher than in 2013.
|
|
|
Period, months
|
12
|
|
12
|
|
12
|
|
|
Ended
|
28.02.2014
|
|
28.02.2013
|
|
28.02.2012
|
|
|
Currency
|
EUR
|
|
EUR
|
|
LVL
|
|
|
|
===== BALANCE
SHEET ====================
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
--- A S S E T S --------------------
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NON-CURRENT
ASSETS
|
|
|
|
|
|
|
|
- Intangible
assets
|
50 927.00
|
|
97 175.00
|
|
50 818.00
|
|
|
- Fixed assets
|
924 526.00
|
|
1 094 774.00
|
|
962 168.00
|
|
|
- Investments
in tangible assets
|
|
|
|
|
|
|
|
- Financial
assets
|
5 588 248.00
|
|
528 741.00
|
|
0.00
|
|
|
- Other
non-current assets
|
|
|
|
|
|
|
|
Non-current
assets total
|
6 563 701.00
|
|
1 720 690.00
|
|
1 012 986.00
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS
|
|
|
|
|
|
|
|
- Stock
|
11 982 240.00
|
|
12 544 133.00
|
|
10 885 664.00
|
|
|
- Debtors
|
8 025 494.00
|
|
10 997 813.00
|
|
8 825 982.00
|
|
|
- Other
receivables
|
|
|
|
|
|
|
|
- Short-term
financial investments
|
|
|
|
|
|
|
|
- Cash
|
672 013.00
|
|
653 581.00
|
|
173 909.00
|
|
|
- Other
current assets
|
|
|
|
|
|
|
|
Current assets
total
|
20 679 747.00
|
|
24 195 527.00
|
|
19 885 555.00
|
|
|
|
|
|
|
|
|
|
|
Assets total
|
27 243 448.00
|
|
25 916 217.00
|
|
20 898 541.00
|
|
|
|
|
|
|
|
|
|
|
--- EQUITY AND LIABILITIES ---------
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CAPITAL AND
RESERVES
|
|
|
|
|
|
|
|
- Share
capital
|
12 999 969.00
|
|
12 999 969.00
|
|
4 919 630.00
|
|
|
- Additional
capital
|
|
|
|
|
|
|
|
- Other
capital
|
|
|
|
|
|
|
|
- Reserve
capital
|
|
|
|
|
|
|
|
- Retained earnings
(Non-covered loss)
|
-1 535 924.00
|
|
-2 918 512.00
|
|
-318 164.00
|
|
|
Capital and
reserves total
|
11 464 045.00
|
|
10 081 457.00
|
|
4 601 466.00
|
|
|
|
|
|
|
|
|
|
|
Provisions
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LONG-TERM
LIABILITIES
|
|
|
|
|
|
|
|
- Loans and
credits
|
3 040 031.00
|
|
0.00
|
|
0.00
|
|
|
- long-term amounts owed to banks
|
3 010 258.00
|
|
0.00
|
|
|
|
|
- Other
long-term liabilities
|
3 000 000.00
|
|
2 965 825.00
|
|
5 047 145.00
|
|
|
Long-term
liabilities total
|
6 040 031.00
|
|
2 965 825.00
|
|
5 047 145.00
|
|
|
|
|
|
|
|
|
|
|
SHORT-TERM
LIABILITIES
|
|
|
|
|
|
|
|
- Loans and
credits
|
6 438 797.00
|
|
5 401 017.00
|
|
6 114 400.00
|
|
|
- short-term amounts owed to banks
|
6 422 723.00
|
|
5 400 580.00
|
|
6 110 823.00
|
|
|
- Creditors
|
2 548 911.00
|
|
6 757 593.00
|
|
5 040 373.00
|
|
|
- trade debts
|
1 513 047.00
|
|
2 217 335.00
|
|
602 318.00
|
|
|
- accrued payroll
|
|
|
|
|
|
|
|
- tax liabilities
|
108 450.00
|
|
304 911.00
|
|
20 621.00
|
|
|
- other creditors
|
927 414.00
|
|
4 235 347.00
|
|
4 417 434.00
|
|
|
- advances received
|
|
|
|
|
|
|
|
- Dividends in
arrears
|
|
|
|
|
|
|
|
- Accrued
income, deferred charges
|
751 664.00
|
|
710 325.00
|
|
95 157.00
|
|
|
- Other short-term
liabilities
|
|
|
|
|
|
|
|
Short-term
liabilities total
|
9 739 372.00
|
|
12 868 935.00
|
|
11 249 930.00
|
|
|
|
|
|
|
|
|
|
|
Liabilities
total
|
15 779 403.00
|
|
15 834 760.00
|
|
16 297 075.00
|
|
|
Equity and
liabilities total
|
27 243 448.00
|
|
25 916 217.00
|
|
20 898 541.00
|
|
|
|
|
|
|
|
|
|
|
===== PROFIT
AND LOSS ACCOUNT ==========
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ORDINARY
ACTIVITY INCOME AND CHARGES
|
|
|
|
|
|
|
|
Net sales
|
41 814 393.00
|
|
51 259 408.00
|
|
30 936 397.00
|
|
|
Cost of goods
sold
|
35 528 101.00
|
|
42 966 729.00
|
|
27 136 170.00
|
|
|
Gross profit
|
6 286 292.00
|
|
8 292 679.00
|
|
3 800 227.00
|
|
|
Distribution
costs
|
4 416 998.00
|
|
5 041 554.00
|
|
2 580 070.00
|
|
|
Administrative
and management costs
|
437 431.00
|
|
1 126 200.00
|
|
300 886.00
|
|
|
Profit on
sales
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING
INCOME AND CHARGES
|
|
|
|
|
|
|
|
Interest
receivable
|
219 829.00
|
|
47 703.00
|
|
26 842.00
|
|
|
Interest
payable
|
742 896.00
|
|
880 937.00
|
|
841 073.00
|
|
|
Income from
participating interests
|
|
|
|
|
|
|
|
Other
operating income
|
762 987.00
|
|
237 729.00
|
|
130 268.00
|
|
|
Other
operating charges
|
48 902.00
|
|
4 329 346.00
|
|
45 150.00
|
|
|
Operating
profit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INVESTMENT
INCOME AND CHARGES
|
|
|
|
|
|
|
|
Investment
income less charges
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit before
taxation
|
1 622 881.00
|
|
-2 799 926.00
|
|
190 158.00
|
|
|
Income-tax and
other similar payments
|
240 293.00
|
|
-334 121.00
|
|
121 602.00
|
|
|
Profit (loss)
from ordinary activity
|
|
|
|
|
|
|
|
Extraordinary
income less charges
|
|
|
|
|
|
|
|
Net profit
|
1 382 588.00
|
|
-2 465 805.00
|
|
68 556.00
|
|
|
|
|
|
|
|
|
|
|
|
- - - - - - -
KEY RATIOS - - - - - - -
|
|
|
|
|
|
|
|
Return on
sales, %
|
3.88
|
|
-5.46
|
|
0.61
|
|
|
Profit before taxation / Net sales
|
|
|
|
|
|
|
|
Operating
margin of profit, %
|
|
|
|
|
|
|
|
Operating profit / Net sales
|
|
|
|
|
|
|
|
Return on
investment, %
|
14.16
|
|
-27.77
|
|
4.13
|
|
|
Profit before taxation / Equity
|
|
|
|
|
|
|
|
Current assets
turnover
|
2.02
|
|
2.12
|
|
1.56
|
|
|
Net sales / Current assets
|
|
|
|
|
|
|
|
Working
capital
|
10 940 375.00
|
|
11 326 592.00
|
|
8 635 625.00
|
|
|
Current assets - Short-term liabilities
|
|
|
|
|
|
|
|
Leverage
|
0.42
|
|
0.39
|
|
0.22
|
|
|
Equity / Total assets
|
|
|
|
|
|
|
|
Current ratio
|
2.12
|
|
1.88
|
|
1.77
|
|
|
Current assets / Short-term liabilities
|
|
|
|
|
|
|
|
Quick ratio
|
0.89
|
|
0.91
|
|
0.80
|
|
|
(Current assets - Stock) / Short-term
liabilities
|
|
|
|
|
|
|
|
Debt-to-equity
ratio
|
1.38
|
|
1.57
|
|
3.54
|
|
|
Total liabilities / Equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Publications
|
|
|
|
- 0001
|
:
|
|
|
From company's website: Our services are certified by: ISO 9001:2009
certificate regarding very high performance in logistics and warehouse
services. SIA “Do It” began its activities in 2005 as the importer and
distributor for “JYSK Linnen’ Furniture” in the Baltic countries. In 2007,
when “JYSK Linnen' Furniture” started developing its sale network in the
Balkans, SIA “Do It” expanded the scope of its service provision by
including Romania and Bulgaria. At present, we serve 39 shops in the
following five countries from the logistics centre “Berģi”: Latvia,
Lithuania, Estonia, Romania and Bulgaria. In 2009, we launched regular
supplies to clients in Ukraine and Iceland. SIA “Do It” offers a full range
of logistics services and diverse logistics solutions, •road and sea cargo
transport, •warehousing, •customs agent service, •procurement and
distribution of goods. Our logistics centre is located on the outskirts of
Riga; geographically it is a very advantageous place at the very beginning
of Sigulda highway next to Riga ring-road and Tallinn highway. Thus we are
able to ensure easy and quick flows of cargo both to Europe and to the
neighbours in the East. Our aim is to provide high quality integrated
logistics services. We endeavour to help our clients to develop their
business, as well as we offer preparing and implementing efficient,
rational and most optimal logistics solutions to the client. Our priority
is high quality service, individual and professional approach to each
client.
|
|
|
|
|
|
FINAL COMMENTS
|
|
|
|
Mrs. Liga Agare provided us with information by phone.
|
|
|
|
|
|
Capital History
|
|
|
|
- 27.02.2012
|
:
|
4 919 630 LVL (registered)
|
|
|
( the data as of 27.02.2012, cancelled since 08.02.2013 )
|
|
|
- 19.08.2010
|
:
|
632 000 LVL (registered)
|
|
|
( the data as of 19.08.2010, cancelled since 27.02.2012 )
|
|
|
- 14.03.2005
|
:
|
2 000 LVL (registered)
|
|
|
( the data as of 14.03.2005, cancelled since 19.08.2010 )
|
|
|
APPENDIX A
|
|
|
|
|
Financial Statements
|
|
|
|
|
Period, months
|
12
|
|
12
|
|
12
|
|
|
Ended
|
28.02.2014
|
|
28.02.2013
|
|
28.02.2012
|
|
|
Currency
|
EUR
|
|
EUR
|
|
LVL
|
|
|
|
PROFIT AND
LOSS ACCOUNT
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
010 Net turnover
|
41 814 393.00
|
|
51 259 408.00
|
|
|
|
|
020 Cost of
sales
|
-35 528 101.00
|
|
-42 966 729.00
|
|
|
|
|
025 Change in
stock, finished and semi-finished goods
|
|
|
|
|
|
|
|
030 Gross
profit or loss
|
6 286 292.00
|
|
8 292 679.00
|
|
|
|
|
035 Facilities
produced at the expense of own funds for internal use
|
|
|
|
|
|
|
|
040
Distribution costs
|
-4 416 998.00
|
|
-5 041 554.00
|
|
|
|
|
050
Administrative expenses
|
-437 431.00
|
|
-1 126 200.00
|
|
|
|
|
060 Other
operating income
|
762 987.00
|
|
237 729.00
|
|
|
|
|
062 Economical
expenses
|
|
|
|
|
|
|
|
064 Gross
profit or loss
|
|
|
|
|
|
|
|
065
Administrative charges
|
|
|
|
|
|
|
|
067
Depreciation of fixed assets
|
|
|
|
|
|
|
|
068 Other
operating expenses
|
-48 902.00
|
|
-4 329 346.00
|
|
|
|
|
070 Income
from participating interests
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
080 Income
from securities and loans forming long-term
|
|
|
|
|
|
|
|
investments
|
|
|
|
|
|
|
|
090 Other
interest receivable and similar income
|
219 829.00
|
|
47 703.00
|
|
|
|
|
100 Value
adjustments in respect of financial assets and
|
|
|
|
|
|
|
|
of investments held as current
assets
|
|
|
|
|
|
|
|
110 Interest
payable and similar charges
|
-742 896.00
|
|
-880 937.00
|
|
|
|
|
120 Profit or
loss on ordinary activities before taxation
|
1 622 881.00
|
|
-2 799 926.00
|
|
|
|
|
|
|
|
|
|
|
|
130
Extraordinary income
|
|
|
|
|
|
|
|
140
Extraordinary charges
|
|
|
|
|
|
|
|
150
Extraordinary profit or loss before taxation
|
|
|
|
|
|
|
|
151 Profit or
loss before taxation
|
1 622 881.00
|
|
-2 799 926.00
|
|
|
|
|
160 Income-tax
for fiscal period
|
|
|
|
|
|
|
|
170 Other
taxes
|
|
|
|
|
|
|
|
175 Deferred
Income-tax for fiscal period
|
-240 293.00
|
|
334 121.00
|
|
|
|
|
180 Profit or
loss for fiscal period
|
1 382 588.00
|
|
-2 465 805.00
|
|
|
|
|
995
Depreciation
|
|
|
|
|
|
|
|
- - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BALANCE SHEET
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
A S S E T S
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NON-CURRENT
ASSETS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Intangible assets
|
|
|
|
|
|
|
|
010 Cost of
research and development
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
020
Concessions, patents, licences, brands, etc.
|
50 927.00
|
|
97 175.00
|
|
|
|
|
|
|
|
|
|
|
|
021 Other
intangible assets
|
|
|
|
|
|
|
|
030 Goodwill
|
|
|
|
|
|
|
|
040 Payments
on account for intangible assets
|
|
|
|
|
|
|
|
050 Total
intangible assets
|
50 927.00
|
|
97 175.00
|
|
|
|
|
|
|
|
|
|
|
|
Tangible assets
|
|
|
|
|
|
|
|
060 Real
estate
|
|
|
|
|
|
|
|
061 Long-term
investments in leased tangible assets
|
15 062.00
|
|
19 396.00
|
|
|
|
|
070 Plant and
machinery
|
852 554.00
|
|
1 025 306.00
|
|
|
|
|
080 Other fixtures
and fittings, tools and equipment
|
56 910.00
|
|
50 072.00
|
|
|
|
|
090 Payments
on account and tangible assets in cours
|
|
|
|
|
|
|
|
of construction
|
|
|
|
|
|
|
|
091 Prepayment
for tangible assets
|
|
|
|
|
|
|
|
100 Total tangible
assets
|
924 526.00
|
|
1 094 774.00
|
|
|
|
|
|
|
|
|
|
|
|
III Investment
property, total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
107 Total
biological assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets
|
|
|
|
|
|
|
|
110 Shares in subsidiaries
|
|
|
|
|
|
|
|
120 Loans to
subsidiaries
|
4 984 637.00
|
|
0.00
|
|
|
|
|
130 Shares in
related companies
|
|
|
|
|
|
|
|
140 Loans to
related companies
|
|
|
|
|
|
|
|
150 Other
securities and capital participation
|
|
|
|
|
|
|
|
160 Other
loans
|
|
|
|
|
|
|
|
170 Own shares
and parts
|
|
|
|
|
|
|
|
180 Loans to
the members of the company and
|
|
|
|
|
|
|
|
the management
|
|
|
|
|
|
|
|
182 Trade
debtors
|
|
|
|
|
|
|
|
184 Deferred
income tax asset
|
603 611.00
|
|
528 741.00
|
|
|
|
|
190 Total
financial assets
|
5 588 248.00
|
|
528 741.00
|
|
|
|
|
200
NON-CURRENT ASSETS TOTAL
|
6 563 701.00
|
|
1 720 690.00
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock
|
|
|
|
|
|
|
|
210 Raw materials
and consumables
|
|
|
|
|
|
|
|
220 Work in
progress
|
|
|
|
|
|
|
|
230 Finished
goods and goods for resale
|
9 122 792.00
|
|
8 737 063.00
|
|
|
|
|
240 Orders
outstanding
|
2 638 621.00
|
|
3 805 314.00
|
|
|
|
|
250 Payments
on account
|
220 827.00
|
|
1 756.00
|
|
|
|
|
260 Working
and productive animals
|
|
|
|
|
|
|
|
270 Total
stock
|
11 982 240.00
|
|
12 544 133.00
|
|
|
|
|
|
|
|
|
|
|
|
275 LONG-TERM
INVESTMENT ASSETS WITHHELD
|
|
|
|
|
|
|
|
FOR SALE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debtors
|
|
|
|
|
|
|
|
280 Trade
debtors
|
1 588 537.00
|
|
45 034.00
|
|
|
|
|
290 Amounts
owed by subsidiaries
|
6 047 787.00
|
|
10 907 654.00
|
|
|
|
|
300 Amounts
owed by related companies
|
|
|
|
|
|
|
|
310 Other
debts
|
324 265.00
|
|
583.00
|
|
|
|
|
320 Subscribed
capital called but not paid
|
|
|
|
|
|
|
|
330
Short-terms loans to the members of the company
|
|
|
|
|
|
|
|
and the management
|
|
|
|
|
|
|
|
335 Other
loans
|
|
|
|
|
|
|
|
340
Prepayments and accrued
|
64 905.00
|
|
44 542.00
|
|
|
|
|
341 Accrued
income
|
|
|
|
|
|
|
|
343 Deferred
tax liabilities
|
|
|
|
|
|
|
|
350 Total
debtors
|
8 025 494.00
|
|
10 997 813.00
|
|
|
|
|
|
|
|
|
|
|
|
Securities current assets and
short-term capital
|
|
|
|
|
|
|
|
participations
|
|
|
|
|
|
|
|
360 Shares in
subsidiaries
|
|
|
|
|
|
|
|
370 Own shares
and parts
|
|
|
|
|
|
|
|
380 Other
securities and capital participation
|
|
|
|
|
|
|
|
385 Financial
derivatives
|
|
|
|
|
|
|
|
390 Total securities
and shares
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
400 Cash at
bank and in hand (total)
|
672 013.00
|
|
653 581.00
|
|
|
|
|
410 CURRENT
ASSETS TOTAL
|
20 679 747.00
|
|
24 195 527.00
|
|
|
|
|
420 BALANCE
|
27 243 448.00
|
|
25 916 217.00
|
|
|
|
|
|
|
|
|
|
|
|
L I A B I L I
T I E S
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CAPITAL AND
RESERVES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
430 Share
capital
|
12 999 969.00
|
|
12 999 969.00
|
|
|
|
|
440 Share
premium account
|
|
|
|
|
|
|
|
450 Long-term assets
revaluation reserve
|
|
|
|
|
|
|
|
Reserves
|
|
|
|
|
|
|
|
452 Financial
instruments revaluation reserve
|
|
|
|
|
|
|
|
460 Reserve
stipulated by law
|
|
|
|
|
|
|
|
470 Reserve
for own shares and parts
|
|
|
|
|
|
|
|
480 Reserve provided
by charter
|
|
|
|
|
|
|
|
490 Other
reserves
|
|
|
|
|
|
|
|
500 Total
reserves
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retained earning or uncovered losses
|
|
|
|
|
|
|
|
510 Profit or
loss brought forward from previous years
|
-2 918 512.00
|
|
-452 707.00
|
|
|
|
|
520 Profit or
loss for the current year
|
1 382 588.00
|
|
-2 465 805.00
|
|
|
|
|
505 Equity,
total
|
|
|
|
|
|
|
|
525
Consolidation margin
|
|
|
|
|
|
|
|
530 CAPITAL
AND RESERVES TOTAL
|
11 464 045.00
|
|
10 081 457.00
|
|
|
|
|
|
|
|
|
|
|
|
PROVISIONS
|
|
|
|
|
|
|
|
540 Provisions
for pensions and similar obligations
|
|
|
|
|
|
|
|
550 Provisions
for taxation
|
|
|
|
|
|
|
|
560 Other
provisions
|
|
|
|
|
|
|
|
561 Provisions
for vacations
|
|
|
|
|
|
|
|
570 PROVISIONS
TOTAL
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CREDITORS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term liabilities
|
|
|
|
|
|
|
|
580 Debenture
loans
|
|
|
|
|
|
|
|
590
Convertible loans
|
|
|
|
|
|
|
|
600 Amounts
owed to credit institutions
|
3 010 258.00
|
|
0.00
|
|
|
|
|
601 Other
loans
|
29 773.00
|
|
0.00
|
|
|
|
|
602 Advanced
payments received
|
|
|
|
|
|
|
|
603 Trade
debts
|
|
|
|
|
|
|
|
610 Amounts
owed to subsidiaries
|
3 000 000.00
|
|
2 965 825.00
|
|
|
|
|
620 Amounts owed
to related companies
|
|
|
|
|
|
|
|
621 Taxes and
social security payments
|
|
|
|
|
|
|
|
630 Other
creditors
|
|
|
|
|
|
|
|
631 Deferred
income
|
|
|
|
|
|
|
|
632 Non-paid
dividends of current year
|
|
|
|
|
|
|
|
633 Non-paid dividends
of previous years
|
|
|
|
|
|
|
|
634 Deferred
tax liabilities
|
|
|
|
|
|
|
|
635 Accrued
liabilities
|
|
|
|
|
|
|
|
636 Leasing
liabilities
|
|
|
|
|
|
|
|
640 Total
long-term liabilities
|
6 040 031.00
|
|
2 965 825.00
|
|
|
|
|
|
|
|
|
|
|
|
Short-term liabilities
|
|
|
|
|
|
|
|
650 Debenture
loans
|
|
|
|
|
|
|
|
660
Convertible loans
|
|
|
|
|
|
|
|
670 Amounts
owed to credit institutions
|
6 422 723.00
|
|
5 400 580.00
|
|
|
|
|
671 Other
loans
|
16 074.00
|
|
437.00
|
|
|
|
|
680 Advanced
payments received
|
|
|
|
|
|
|
|
690 Trade
debts
|
1 513 047.00
|
|
2 217 335.00
|
|
|
|
|
700 Bills of
exchange payable
|
|
|
|
|
|
|
|
710 Amounts
owed to subsidiaries
|
870 715.00
|
|
4 202 917.00
|
|
|
|
|
720 Amounts owed
to related companies
|
|
|
|
|
|
|
|
730 Taxes and
social security payments
|
108 450.00
|
|
304 911.00
|
|
|
|
|
740 Other
creditors
|
56 699.00
|
|
32 430.00
|
|
|
|
|
750 Deferred
income
|
|
|
|
|
|
|
|
760 Fiscal
period dividends
|
|
|
|
|
|
|
|
770 Non-paid
dividends of previous years
|
|
|
|
|
|
|
|
771 Accrued
charges
|
751 664.00
|
|
710 325.00
|
|
|
|
|
773 Deferred
tax liabilities
|
|
|
|
|
|
|
|
774
Obligations for state funds exploitation
|
|
|
|
|
|
|
|
775 Alienated financial
instruments
|
|
|
|
|
|
|
|
776 Leasing
obligations
|
|
|
|
|
|
|
|
995
Depreciation
|
|
|
|
|
|
|
|
780 Total
short-term liabilities
|
9 739 372.00
|
|
12 868 935.00
|
|
|
|
|
790 CREDITORS
TOTAL
|
15 779 403.00
|
|
15 834 760.00
|
|
|
|
|
800 BALANCE
|
27 243 448.00
|
|
25 916 217.00
|
|
|
|
|
990 Employees
number
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- 28.02.2012
|
:
|
|
Fiscal period: 12 month(s), currency: LVL
|
|
|
PROFIT AND
LOSS ACCOUNT
|
|
|
|
|
|
|
010 Net
turnover
|
30 936 397.00
|
|
|
020 Cost of
sales
|
-27 136 170.00
|
|
|
025 Change in
stock, finished and semi-finished goods
|
|
|
|
030 Gross
profit or loss
|
3 800 227.00
|
|
|
035 Facilities
produced at the expense of own funds for internal use
|
|
|
|
040
Distribution costs
|
-2 580 070.00
|
|
|
050
Administrative expenses
|
-300 886.00
|
|
|
060 Other
operating income
|
130 268.00
|
|
|
062 Economical
expenses
|
|
|
|
064 Gross
profit or loss
|
|
|
|
065
Administrative charges
|
|
|
|
067
Depreciation of fixed assets
|
|
|
|
068 Other
operating expenses
|
-45 150.00
|
|
|
070 Income
from participating interests
|
|
|
|
|
|
|
080 Income
from securities and loans forming long-term
|
|
|
|
investments
|
|
|
|
090 Other
interest receivable and similar income
|
26 842.00
|
|
|
100 Value adjustments
in respect of financial assets and
|
|
|
|
of investments held as current
assets
|
|
|
|
110 Interest
payable and similar charges
|
-841 073.00
|
|
|
120 Profit or
loss on ordinary activities before taxation
|
190 158.00
|
|
|
|
|
|
130 Extraordinary
income
|
|
|
|
140
Extraordinary charges
|
|
|
|
150
Extraordinary profit or loss before taxation
|
|
|
|
151 Profit or
loss before taxation
|
190 158.00
|
|
|
160 Income-tax
for fiscal period
|
-121 602.00
|
|
|
170 Other
taxes
|
|
|
|
175 Deferred
Income-tax for fiscal period
|
|
|
|
180 Profit or
loss for fiscal period
|
68 556.00
|
|
|
995
Depreciation
|
|
|
|
- - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - -
|
|
|
|
|
|
|
BALANCE SHEET
|
|
|
|
|
|
|
A S S E T S
|
|
|
|
|
|
|
NON-CURRENT
ASSETS
|
|
|
|
|
|
|
Intangible assets
|
|
|
|
010 Cost of
research and development
|
|
|
|
|
|
|
020
Concessions, patents, licences, brands, etc.
|
50 818.00
|
|
|
|
|
|
021 Other
intangible assets
|
|
|
|
030 Goodwill
|
|
|
|
040 Payments on
account for intangible assets
|
|
|
|
050 Total
intangible assets
|
50 818.00
|
|
|
|
|
|
Tangible assets
|
|
|
|
060 Real
estate
|
|
|
|
061 Long-term
investments in leased tangible assets
|
14 449.00
|
|
|
070 Plant and
machinery
|
888 156.00
|
|
|
080 Other
fixtures and fittings, tools and equipment
|
59 563.00
|
|
|
090 Payments
on account and tangible assets in cours
|
|
|
|
of construction
|
|
|
|
091 Prepayment
for tangible assets
|
|
|
|
100 Total
tangible assets
|
962 168.00
|
|
|
|
|
|
III Investment
property, total
|
|
|
|
|
|
|
107 Total
biological assets
|
|
|
|
|
|
|
Financial assets
|
|
|
|
110 Shares in
subsidiaries
|
|
|
|
120 Loans to
subsidiaries
|
0.00
|
|
|
130 Shares in
related companies
|
|
|
|
140 Loans to
related companies
|
|
|
|
150 Other
securities and capital participation
|
|
|
|
160 Other
loans
|
|
|
|
170 Own shares
and parts
|
|
|
|
180 Loans to
the members of the company and
|
|
|
|
the management
|
|
|
|
182 Trade
debtors
|
|
|
|
184 Deferred
income tax asset
|
|
|
|
190 Total
financial assets
|
0.00
|
|
|
200
NON-CURRENT ASSETS TOTAL
|
1 012 986.00
|
|
|
|
|
|
CURRENT ASSETS
|
|
|
|
|
|
|
Stock
|
|
|
|
210 Raw
materials and consumables
|
|
|
|
220 Work in
progress
|
|
|
|
230 Finished
goods and goods for resale
|
8 501 276.00
|
|
|
240 Orders
outstanding
|
2 239 566.00
|
|
|
250 Payments
on account
|
144 822.00
|
|
|
260 Working
and productive animals
|
|
|
|
270 Total
stock
|
10 885 664.00
|
|
|
|
|
|
275 LONG-TERM
INVESTMENT ASSETS WITHHELD
|
|
|
|
FOR SALE
|
|
|
|
|
|
|
Debtors
|
|
|
|
280 Trade
debtors
|
|
|
|
290 Amounts
owed by subsidiaries
|
8 786 332.00
|
|
|
300 Amounts
owed by related companies
|
|
|
|
310 Other
debts
|
14 590.00
|
|
|
320 Subscribed
capital called but not paid
|
|
|
|
330 Short-terms
loans to the members of the company
|
|
|
|
and the management
|
|
|
|
340
Prepayments and accrued
|
25 060.00
|
|
|
341 Accrued
income
|
|
|
|
343 Deferred
tax liabilities
|
|
|
|
350 Total
debtors
|
8 825 982.00
|
|
|
|
|
|
Securities current assets and
short-term capital
|
|
|
|
participations
|
|
|
|
360 Shares in
subsidiaries
|
|
|
|
370 Own shares
and parts
|
|
|
|
380 Other
securities and capital participation
|
|
|
|
385 Financial
derivatives
|
|
|
|
390 Total securities
and shares
|
|
|
|
|
|
|
400 Cash at
bank and in hand (total)
|
173 909.00
|
|
|
410 CURRENT
ASSETS TOTAL
|
19 885 555.00
|
|
|
420 BALANCE
|
20 898 541.00
|
|
|
|
|
|
L I A B I L I
T I E S
|
|
|
|
|
|
|
CAPITAL AND
RESERVES
|
|
|
|
|
|
|
430 Share
capital
|
4 919 630.00
|
|
|
440 Share
premium account
|
|
|
|
450 Long-term
assets revaluation reserve
|
|
|
|
Reserves
|
|
|
|
452 Financial
instruments revaluation reserve
|
|
|
|
460 Reserve
stipulated by law
|
|
|
|
470 Reserve for
own shares and parts
|
|
|
|
480 Reserve
provided by charter
|
|
|
|
490 Other
reserves
|
|
|
|
500 Total
reserves
|
|
|
|
|
|
|
Retained earning or uncovered losses
|
|
|
|
510 Profit or
loss brought forward from previous years
|
-386 720.00
|
|
|
520 Profit or
loss for the current year
|
68 556.00
|
|
|
525
Consolidation margin
|
|
|
|
530 CAPITAL
AND RESERVES TOTAL
|
4 601 466.00
|
|
|
|
|
|
PROVISIONS
|
|
|
|
540 Provisions
for pensions and similar obligations
|
|
|
|
550 Provisions
for taxation
|
|
|
|
560 Other
provisions
|
|
|
|
570 PROVISIONS
TOTAL
|
|
|
|
|
|
|
CREDITORS
|
|
|
|
|
|
|
Long-term liabilities
|
|
|
|
580 Debenture
loans
|
|
|
|
590
Convertible loans
|
|
|
|
600 Amounts
owed to credit institutions
|
|
|
|
601 Other
loans
|
0.00
|
|
|
602 Advanced
payments received
|
|
|
|
603 Trade
debts
|
|
|
|
610 Amounts
owed to subsidiaries
|
4 926 827.00
|
|
|
620 Amounts
owed to related companies
|
|
|
|
621 Taxes and
social security payments
|
|
|
|
630 Other
creditors
|
|
|
|
631 Deferred
income
|
|
|
|
632 Non-paid
dividends of current year
|
|
|
|
633 Non-paid
dividends of previous years
|
|
|
|
634 Deferred
tax liabilities
|
120 318.00
|
|
|
640 Total
long-term liabilities
|
5 047 145.00
|
|
|
|
|
|
Short-term liabilities
|
|
|
|
650 Debenture loans
|
|
|
|
660
Convertible loans
|
|
|
|
670 Amounts
owed to credit institutions
|
6 110 823.00
|
|
|
671 Other
loans
|
3 577.00
|
|
|
680 Advanced
payments received
|
|
|
|
690 Trade
debts
|
602 318.00
|
|
|
700 Bills of
exchange payable
|
|
|
|
710 Amounts owed
to subsidiaries
|
4 394 871.00
|
|
|
720 Amounts
owed to related companies
|
|
|
|
730 Taxes and
social security payments
|
20 621.00
|
|
|
740 Other
creditors
|
22 563.00
|
|
|
750 Deferred
income
|
|
|
|
760 Fiscal
period dividends
|
|
|
|
770 Non-paid dividends
of previous years
|
|
|
|
771 Accrued
charges
|
95 157.00
|
|
|
773 Deferred
tax liabilities
|
|
|
|
774
Obligations for state funds exploitation
|
|
|
|
775 Alienated
financial instruments
|
|
|
|
995
Depreciation
|
|
|
|
780 Total short-term
liabilities
|
11 249 930.00
|
|
|
790 CREDITORS
TOTAL
|
16 297 075.00
|
|
|
800 BALANCE
|
20 898 541.00
|
|
|
990 Employees
number
|
|
|
|
|
|
|
|
|
|
- 28.02.2011
|
:
|
|
Fiscal period: 12 month(s), currency: LVL
|
|
|
PROFIT AND LOSS
ACCOUNT
|
|
|
|
|
|
|
010 Net
turnover
|
31 381 856.00
|
|
|
020 Cost of
sales
|
-27 225 083.00
|
|
|
025 Change in
stock, finished and semi-finished goods
|
|
|
|
030 Gross
profit or loss
|
4 156 773.00
|
|
|
035 Facilities
produced at the expense of own funds for internal use
|
|
|
|
040
Distribution costs
|
-2 494 173.00
|
|
|
050
Administrative expenses
|
-376 654.00
|
|
|
060 Other
operating income
|
144 429.00
|
|
|
062 Economical
expenses
|
|
|
|
064 Gross
profit or loss
|
|
|
|
065
Administrative charges
|
|
|
|
067
Depreciation of fixed assets
|
|
|
|
068 Other
operating expenses
|
-27 021.00
|
|
|
070 Income
from participating interests
|
|
|
|
|
|
|
080 Income
from securities and loans forming long-term
|
|
|
|
investments
|
|
|
|
090 Other
interest receivable and similar income
|
13 427.00
|
|
|
100 Value
adjustments in respect of financial assets and
|
|
|
|
of investments held as current
assets
|
|
|
|
110 Interest
payable and similar charges
|
-1 277 798.00
|
|
|
120 Profit or
loss on ordinary activities before taxation
|
138 983.00
|
|
|
|
|
|
130
Extraordinary income
|
|
|
|
140
Extraordinary charges
|
|
|
|
150
Extraordinary profit or loss before taxation
|
|
|
|
151 Profit or loss
before taxation
|
138 983.00
|
|
|
160 Income-tax
for fiscal period
|
-109 779.00
|
|
|
170 Other
taxes
|
|
|
|
175 Deferred
Income-tax for fiscal period
|
|
|
|
180 Profit or
loss for fiscal period
|
29 204.00
|
|
|
995
Depreciation
|
|
|
|
- - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - -
|
|
|
|
|
|
|
BALANCE SHEET
|
|
|
|
|
|
|
A S S E T S
|
|
|
|
|
|
|
NON-CURRENT
ASSETS
|
|
|
|
|
|
|
Intangible assets
|
|
|
|
010 Cost of
research and development
|
|
|
|
|
|
|
020 Concessions,
patents, licences, brands, etc.
|
75 833.00
|
|
|
|
|
|
021 Other
intangible assets
|
|
|
|
030 Goodwill
|
|
|
|
040 Payments
on account for intangible assets
|
|
|
|
050 Total
intangible assets
|
75 833.00
|
|
|
|
|
|
Tangible assets
|
|
|
|
060 Real
estate
|
|
|
|
061 Long-term
investments in leased tangible assets
|
2 475.00
|
|
|
070 Plant and
machinery
|
1 065 595.00
|
|
|
080 Other
fixtures and fittings, tools and equipment
|
97 102.00
|
|
|
090 Payments on
account and tangible assets in cours
|
|
|
|
of construction
|
|
|
|
091 Prepayment
for tangible assets
|
|
|
|
100 Total
tangible assets
|
1 165 172.00
|
|
|
|
|
|
III Investment
property, total
|
|
|
|
|
|
|
107 Total
biological assets
|
|
|
|
|
|
|
Financial assets
|
|
|
|
110 Shares in
subsidiaries
|
|
|
|
120 Loans to
subsidiaries
|
198 337.00
|
|
|
130 Shares in
related companies
|
|
|
|
140 Loans to
related companies
|
|
|
|
150 Other
securities and capital participation
|
|
|
|
160 Other loans
|
|
|
|
170 Own shares
and parts
|
|
|
|
180 Loans to
the members of the company and
|
|
|
|
the management
|
|
|
|
182 Trade
debtors
|
|
|
|
184 Deferred
income tax asset
|
|
|
|
190 Total
financial assets
|
198 337.00
|
|
|
200 NON-CURRENT
ASSETS TOTAL
|
1 439 342.00
|
|
|
|
|
|
CURRENT ASSETS
|
|
|
|
|
|
|
Stock
|
|
|
|
210 Raw
materials and consumables
|
|
|
|
220 Work in
progress
|
|
|
|
230 Finished
goods and goods for resale
|
5 901 796.00
|
|
|
240 Orders
outstanding
|
2 623 805.00
|
|
|
250 Payments
on account
|
80 761.00
|
|
|
260 Working
and productive animals
|
|
|
|
270 Total
stock
|
8 606 362.00
|
|
|
|
|
|
275 LONG-TERM
INVESTMENT ASSETS WITHHELD
|
|
|
|
FOR SALE
|
|
|
|
|
|
|
Debtors
|
|
|
|
280 Trade
debtors
|
|
|
|
290 Amounts
owed by subsidiaries
|
7 619 630.00
|
|
|
300 Amounts
owed by related companies
|
|
|
|
310 Other
debts
|
97 558.00
|
|
|
320 Subscribed
capital called but not paid
|
|
|
|
330
Short-terms loans to the members of the company
|
|
|
|
and the management
|
|
|
|
340
Prepayments and accrued
|
28 176.00
|
|
|
341 Accrued
income
|
|
|
|
343 Deferred
tax liabilities
|
|
|
|
350 Total
debtors
|
7 745 364.00
|
|
|
|
|
|
Securities current assets and
short-term capital
|
|
|
|
participations
|
|
|
|
360 Shares in
subsidiaries
|
|
|
|
370 Own shares
and parts
|
|
|
|
380 Other
securities and capital participation
|
|
|
|
385 Financial
derivatives
|
|
|
|
390 Total
securities and shares
|
|
|
|
|
|
|
400 Cash at bank
and in hand (total)
|
116 556.00
|
|
|
410 CURRENT
ASSETS TOTAL
|
16 468 282.00
|
|
|
420 BALANCE
|
17 907 624.00
|
|
|
|
|
|
L I A B I L I
T I E S
|
|
|
|
|
|
|
CAPITAL AND
RESERVES
|
|
|
|
|
|
|
430 Share
capital
|
632 000.00
|
|
|
440 Share premium
account
|
|
|
|
450 Long-term
assets revaluation reserve
|
|
|
|
Reserves
|
|
|
|
460 Reserve
stipulated by law
|
|
|
|
470 Reserve
for own shares and parts
|
|
|
|
480 Reserve
provided by charter
|
|
|
|
490 Other
reserves
|
|
|
|
500 Total
reserves
|
|
|
|
|
|
|
Retained earning or uncovered losses
|
|
|
|
510 Profit or
loss brought forward from previous years
|
-415 924.00
|
|
|
520 Profit or
loss for the current year
|
29 204.00
|
|
|
525
Consolidation margin
|
|
|
|
530 CAPITAL
AND RESERVES TOTAL
|
245 280.00
|
|
|
|
|
|
PROVISIONS
|
|
|
|
540 Provisions
for pensions and similar obligations
|
|
|
|
550 Provisions
for taxation
|
|
|
|
560 Other
provisions
|
|
|
|
570 PROVISIONS
TOTAL
|
|
|
|
|
|
|
CREDITORS
|
|
|
|
|
|
|
Long-term liabilities
|
|
|
|
580 Debenture
loans
|
|
|
|
590
Convertible loans
|
|
|
|
600 Amounts
owed to credit institutions
|
|
|
|
601 Other
loans
|
3 862.00
|
|
|
602 Advanced
payments received
|
|
|
|
603 Trade
debts
|
|
|
|
610 Amounts
owed to subsidiaries
|
7 790 490.00
|
|
|
620 Amounts
owed to related companies
|
|
|
|
621 Taxes and
social security payments
|
|
|
|
630 Other
creditors
|
|
|
|
631 Deferred
income
|
|
|
|
632 Non-paid
dividends of current year
|
|
|
|
633 Non-paid
dividends of previous years
|
|
|
|
634 Deferred tax
liabilities
|
120 318.00
|
|
|
640 Total
long-term liabilities
|
7 914 670.00
|
|
|
|
|
|
Short-term liabilities
|
|
|
|
650 Debenture
loans
|
|
|
|
660
Convertible loans
|
|
|
|
670 Amounts
owed to credit institutions
|
3 148 128.00
|
|
|
671 Other loans
|
3 059.00
|
|
|
680 Advanced
payments received
|
|
|
|
690 Trade
debts
|
814 768.00
|
|
|
700 Bills of
exchange payable
|
|
|
|
710 Amounts
owed to subsidiaries
|
5 482 050.00
|
|
|
720 Amounts
owed to related companies
|
|
|
|
730 Taxes and social
security payments
|
229 379.00
|
|
|
740 Other
creditors
|
17 571.00
|
|
|
750 Deferred
income
|
|
|
|
760 Fiscal
period dividends
|
|
|
|
770 Non-paid
dividends of previous years
|
|
|
|
771 Accrued
charges
|
52 719.00
|
|
|
773 Deferred
tax liabilities
|
|
|
|
774
Obligations for state funds exploitation
|
|
|
|
775 Alienated
financial instruments
|
|
|
|
995
Depreciation
|
|
|
|
780 Total
short-term liabilities
|
9 747 674.00
|
|
|
790 CREDITORS
TOTAL
|
17 662 344.00
|
|
|
800 BALANCE
|
17 907 624.00
|
|
|
990 Employees
number
|
|
|
|
|
|
|
|
|
|
- 28.02.2010
|
:
|
|
Fiscal period: 12 month(s), currency: LVL
|
|
|
PROFIT AND
LOSS ACCOUNT
|
|
|
|
|
|
|
010 Net
turnover
|
25 592 189.00
|
|
|
020 Cost of
sales
|
-20 778 919.00
|
|
|
025 Change in stock,
finished and semi-finished goods
|
|
|
|
030 Gross
profit or loss
|
4 813 270.00
|
|
|
035 Facilities
produced at the expense of own funds for internal use
|
|
|
|
040
Distribution costs
|
-3 290 683.00
|
|
|
050
Administrative expenses
|
-602 497.00
|
|
|
060 Other
operating income
|
51 833.00
|
|
|
062 Economical
expenses
|
|
|
|
064 Gross
profit or loss
|
|
|
|
065
Administrative charges
|
|
|
|
067
Depreciation of fixed assets
|
|
|
|
068 Other
operating expenses
|
-48 878.00
|
|
|
070 Income from
participating interests
|
|
|
|
|
|
|
080 Income
from securities and loans forming long-term
|
|
|
|
investments
|
|
|
|
090 Other
interest receivable and similar income
|
20 134.00
|
|
|
100 Value
adjustments in respect of financial assets and
|
|
|
|
of investments held as current
assets
|
|
|
|
110 Interest
payable and similar charges
|
-696 113.00
|
|
|
120 Profit or
loss on ordinary activities before taxation
|
247 066.00
|
|
|
|
|
|
130
Extraordinary income
|
|
|
|
140 Extraordinary
charges
|
|
|
|
150
Extraordinary profit or loss before taxation
|
|
|
|
151 Profit or
loss before taxation
|
247 066.00
|
|
|
160 Income-tax
for fiscal period
|
-47 004.00
|
|
|
170 Other
taxes
|
|
|
|
175 Deferred
Income-tax for fiscal period
|
|
|
|
180 Profit or
loss for fiscal period
|
200 062.00
|
|
|
995
Depreciation
|
|
|
|
- - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - -
|
|
|
|
|
|
|
BALANCE SHEET
|
|
|
|
|
|
|
A S S E T S
|
|
|
|
|
|
|
NON-CURRENT
ASSETS
|
|
|
|
|
|
|
Intangible assets
|
|
|
|
010 Cost of
research and development
|
|
|
|
|
|
|
020
Concessions, patents, licences, brands, etc.
|
106 263.00
|
|
|
|
|
|
021 Other
intangible assets
|
|
|
|
030 Goodwill
|
|
|
|
040 Payments
on account for intangible assets
|
|
|
|
050 Total
intangible assets
|
106 263.00
|
|
|
|
|
|
Tangible assets
|
|
|
|
060 Real
estate
|
|
|
|
061 Long-term
investments in leased tangible assets
|
3 504.00
|
|
|
070 Plant and
machinery
|
1 280 840.00
|
|
|
080 Other fixtures
and fittings, tools and equipment
|
177 039.00
|
|
|
090 Payments
on account and tangible assets in cours
|
|
|
|
of construction
|
|
|
|
091 Prepayment
for tangible assets
|
|
|
|
100 Total
tangible assets
|
1 461 383.00
|
|
|
|
|
|
III Investment
property, total
|
|
|
|
|
|
|
107 Total
biological assets
|
|
|
|
|
|
|
Financial assets
|
|
|
|
110 Shares in
subsidiaries
|
|
|
|
120 Loans to
subsidiaries
|
0.00
|
|
|
130 Shares in
related companies
|
|
|
|
140 Loans to
related companies
|
|
|
|
150 Other
securities and capital participation
|
|
|
|
160 Other
loans
|
|
|
|
170 Own shares
and parts
|
|
|
|
180 Loans to
the members of the company and
|
|
|
|
the management
|
|
|
|
182 Trade
debtors
|
|
|
|
184 Deferred
income tax asset
|
|
|
|
190 Total
financial assets
|
0.00
|
|
|
200
NON-CURRENT ASSETS TOTAL
|
1 567 646.00
|
|
|
|
|
|
CURRENT ASSETS
|
|
|
|
|
|
|
Stock
|
|
|
|
210 Raw
materials and consumables
|
|
|
|
220 Work in
progress
|
|
|
|
230 Finished
goods and goods for resale
|
7 190 665.00
|
|
|
240 Orders
outstanding
|
2 342 778.00
|
|
|
250 Payments
on account
|
120 733.00
|
|
|
260 Working
and productive animals
|
|
|
|
270 Total
stock
|
9 654 176.00
|
|
|
|
|
|
275 LONG-TERM
INVESTMENT ASSETS WITHHELD
|
|
|
|
FOR SALE
|
|
|
|
|
|
|
Debtors
|
|
|
|
280 Trade
debtors
|
|
|
|
290 Amounts
owed by subsidiaries
|
4 823 531.00
|
|
|
300 Amounts
owed by related companies
|
|
|
|
310 Other
debts
|
59 176.00
|
|
|
320 Subscribed
capital called but not paid
|
|
|
|
330 Short-terms
loans to the members of the company
|
|
|
|
and the management
|
|
|
|
340
Prepayments and accrued
|
21 071.00
|
|
|
341 Accrued
income
|
|
|
|
343 Deferred
tax liabilities
|
|
|
|
350 Total
debtors
|
4 903 778.00
|
|
|
|
|
|
Securities current assets and
short-term capital
|
|
|
|
participations
|
|
|
|
360 Shares in
subsidiaries
|
|
|
|
370 Own shares
and parts
|
|
|
|
380 Other
securities and capital participation
|
|
|
|
385 Financial
derivatives
|
|
|
|
390 Total securities
and shares
|
|
|
|
|
|
|
400 Cash at
bank and in hand (total)
|
223 174.00
|
|
|
410 CURRENT
ASSETS TOTAL
|
14 781 128.00
|
|
|
420 BALANCE
|
16 348 774.00
|
|
|
|
|
|
L I A B I L I
T I E S
|
|
|
|
|
|
|
CAPITAL AND
RESERVES
|
|
|
|
|
|
|
430 Share
capital
|
2 000.00
|
|
|
440 Share
premium account
|
|
|
|
450 Long-term
assets revaluation reserve
|
|
|
|
Reserves
|
|
|
|
460 Reserve
stipulated by law
|
|
|
|
470 Reserve
for own shares and parts
|
|
|
|
480 Reserve
provided by charter
|
|
|
|
490 Other
reserves
|
|
|
|
500 Total
reserves
|
|
|
|
|
|
|
Retained earning or uncovered losses
|
|
|
|
510 Profit or
loss brought forward from previous years
|
-615 986.00
|
|
|
520 Profit or
loss for the current year
|
200 062.00
|
|
|
525
Consolidation margin
|
|
|
|
530 CAPITAL
AND RESERVES TOTAL
|
-413 924.00
|
|
|
|
|
|
PROVISIONS
|
|
|
|
540 Provisions
for pensions and similar obligations
|
|
|
|
550 Provisions
for taxation
|
|
|
|
560 Other
provisions
|
|
|
|
570 PROVISIONS
TOTAL
|
|
|
|
|
|
|
CREDITORS
|
|
|
|
|
|
|
Long-term liabilities
|
|
|
|
580 Debenture
loans
|
|
|
|
590
Convertible loans
|
|
|
|
600 Amounts
owed to credit institutions
|
|
|
|
601 Other
loans
|
7 207.00
|
|
|
602 Advanced
payments received
|
|
|
|
603 Trade
debts
|
|
|
|
610 Amounts owed
to subsidiaries
|
8 001 331.00
|
|
|
620 Amounts
owed to related companies
|
|
|
|
621 Taxes and
social security payments
|
|
|
|
630 Other
creditors
|
|
|
|
631 Deferred
income
|
|
|
|
632 Non-paid
dividends of current year
|
|
|
|
633 Non-paid dividends
of previous years
|
|
|
|
634 Deferred
tax liabilities
|
130 682.00
|
|
|
640 Total
long-term liabilities
|
8 139 220.00
|
|
|
|
|
|
Short-term liabilities
|
|
|
|
650 Debenture
loans
|
|
|
|
660
Convertible loans
|
|
|
|
670 Amounts owed
to credit institutions
|
3 061 245.00
|
|
|
671 Other
loans
|
5 282.00
|
|
|
680 Advanced
payments received
|
|
|
|
690 Trade
debts
|
1 048 427.00
|
|
|
700 Bills of
exchange payable
|
|
|
|
710 Amounts
owed to subsidiaries
|
4 404 872.00
|
|
|
720 Amounts owed
to related companies
|
|
|
|
730 Taxes and
social security payments
|
40 884.00
|
|
|
740 Other
creditors
|
33 714.00
|
|
|
750 Deferred
income
|
|
|
|
760 Fiscal
period dividends
|
|
|
|
770 Non-paid
dividends of previous years
|
|
|
|
771 Accrued
charges
|
29 054.00
|
|
|
773 Deferred
tax liabilities
|
|
|
|
774
Obligations for state funds exploitation
|
|
|
|
775 Alienated
financial instruments
|
|
|
|
995
Depreciation
|
|
|
|
780 Total
short-term liabilities
|
8 623 478.00
|
|
|
790 CREDITORS
TOTAL
|
16 762 698.00
|
|
|
800 BALANCE
|
16 348 774.00
|
|
|
990 Employees
number
|
|
|
|
|
|
|
|
|