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 2011-14. 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 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 joined the
euro zone in 2014.
Identification
|
|
Full Name
|
:
|
Sabiedriba ar ierobezotu atbildibu "ELPIS"
|
|
Name in English
|
:
|
ELPIS LTD.
|
|
Name in national language
|
:
|
Sabiedrība ar ierobežotu atbildību "ELPIS"
|
|
|
Office Address
|
:
|
|
Ganibu dambis 26, Riga, Rigas region, LV-1005, Latvia
|
|
|
|
|
|
|
/In nat.lang.: Ganibu dambis 26, Riga, LV-1005/
|
|
|
Legal Address
|
:
|
|
Ganibu dambis 26, Riga, Rigas region, LV-1005, Latvia
|
|
|
|
|
|
|
/In nat.lang.: Ganibu dambis 26, Riga, LV-1005/
|
|
|
Other Addresses
|
:
|
|
legal:
|
|
Hospitalu iela 1-38, Riga, Rigas region, LV-1013, Latvia
|
|
|
|
|
|
|
( the data cancelled since 03.01.2012 )
|
|
|
Contacts
|
:
|
|
-
|
WWW
|
:
|
http://www.elpis.lv
|
|
-
|
E-mail
|
:
|
reception@elpis.lv
|
|
-
|
Fax
|
:
|
(+371) 67517699
|
|
-
|
Phone
|
:
|
(+371) 67381170
|
|
|
|
|
|
|
|
SUMMARY
Legal Form : SIA (Ltd by Latvian law)
|
Incorporation : 1994
|
Staff : 98
|
Litigation events : yes
Remarks on payments : yes
|
|
Sales :
|
28 085 653.00 EUR ( for 12 months, ended 31.12.2014 )
|
|
18 593 980.00 LVL ( for 12 months, ended 31.12.2013 )
|
|
|
|
|
Incorporation
|
:
|
1994
|
|
|
Registration Data
|
|
|
|
Date of registration
|
:
|
03.06.2004
|
|
Registration number
|
:
|
40103114438
|
|
Registr. authority
|
:
|
Commercial Register (Latvia)
|
|
|
VAT number
|
:
|
LV40103114438
|
|
Registr. authority
|
:
|
Tax Board (Latvia)
|
|
|
Legal Form
|
:
|
|
SIA (Ltd by Latvian law)
|
since
03.02.1994
|
|
|
|
|
|
|
|
|
|
Share Capital
|
:
|
|
150 000 LVL (registered)
|
since
03.06.2004
|
|
|
|
|
|
|
|
|
|
Shareholders
|
:
|
|
-
|
Mr Leitans, Janis (Latvia)
|
90.27 %
|
|
|
address
|
:
|
Hospitalu iela 1-38, Riga, Rigas region, Latvia
|
|
|
|
-
|
Mr Leitans, Eduards (Latvia)
|
3.25 %
|
|
|
|
address
|
:
|
Krisjana Valdemara iela 94-32, Riga, Rigas region, Latvia
|
|
|
|
|
-
|
Mr Leitans, Juris (Latvia)
|
3.25 %
|
|
|
|
address
|
:
|
Hospitalu iela 1-38, Riga, Rigas region, Latvia
|
|
|
|
|
-
|
Mr Gockis, Igors (Latvia)
|
3.24 %
|
|
|
|
address
|
:
|
Dzelzavas iela 59-28, Riga, Rigas region, Latvia
|
|
|
|
|
-
|
Mr Leitans, Janis (Latvia)
|
90.00 %
|
|
|
|
address
|
:
|
Hospitalu iela 1-38, Riga, Rigas region, Latvia
|
|
|
|
( the data cancelled since 07.08.2013 )
|
|
|
-
|
Mrs Zile, Ina (Latvia)
|
0.27 %
|
|
|
|
address
|
:
|
Pernavas iela 6/8-4, Riga, Rigas region, Latvia
|
|
|
|
/d.o.b.: 10.04.1995; legal guardian - O.Zile/
|
|
( the data cancelled since 07.08.2013 )
|
|
|
-
|
Mr Leitans, Janis (Latvia)
|
99.73 %
|
|
|
|
address
|
:
|
Rīga, Hospitāļu iela 1-38, Latvia
|
|
|
|
( the data cancelled since 03.06.2004 )
|
|
|
-
|
Mrs Zile, Ina (Latvia)
|
0.27 %
|
|
|
|
address
|
:
|
Rīga, Pērnavas iela 6/8-4, Latvia
|
|
|
|
( the data cancelled since 03.06.2004 )
|
|
|
|
|
|
|
|
|
|
|
Board / Executives
|
|
|
|
|
Executives
|
|
|
|
Board Member
|
:
|
|
Mr Leitans, Janis (Latvia)
|
|
address: Hospitalu iela 1-38, Riga, Rigas region, Latvia
|
|
|
|
|
Lawyer
|
:
|
|
Mr Ozolins, Aleksandrs (Latvia)
|
|
|
|
|
|
Authorised signature
|
:
|
Mr Leitans, Janis
|
|
|
Changes in Registration Data
|
|
|
|
- 07.08.2013
|
:
|
|
|
|
- 22.02.2013
|
:
|
|
|
|
- 03.01.2012
|
:
|
obsolete legal address: Hospitalu iela 1-38, Riga
|
|
|
- 04.02.2010
|
:
|
|
|
|
- 13.06.2007
|
:
|
|
|
|
- 03.06.2004
|
:
|
|
activities, managers, shareholders
|
|
|
|
- 30.01.2002
|
:
|
|
share capital, shareholders
|
|
|
|
- 17.05.2001
|
:
|
|
|
|
- 08.11.2000
|
:
|
|
|
|
- 19.05.2000
|
:
|
|
|
|
- 13.02.1998
|
:
|
|
|
|
- 07.03.1996
|
:
|
|
share capital, shareholders
|
|
|
|
- 05.01.1995
|
:
|
changes (not specified)
|
|
|
- 09.09.1994
|
:
|
|
|
|
- 25.05.1994
|
:
|
|
|
|
Activities
|
:
|
|
-
|
5122
|
Drugs & Drug Proprietaries
|
|
|
(5146 / NACE_1.1: Wholesale of pharmaceutical goods)
|
|
|
(4646 / NACE_2: Wholesale of pharmaceutical goods)
|
|
|
|
|
|
|
|
Wholesale of medicines and pharmaceuticals
|
|
|
Staff employed
|
:
|
|
|
|
Staff History
|
:
|
|
-
|
98
|
|
( the data as of 30.06.2015 )
|
|
|
-
|
99
|
|
|
( the data as of 30.09.2014 )
|
|
|
-
|
95
|
|
|
( the data as of 30.06.2014 )
|
|
|
-
|
97
|
|
|
( the data as of 27.01.2014 )
|
|
|
-
|
96
|
|
|
( the data as of 30.09.2013 )
|
|
|
-
|
94
|
|
|
( the data as of 31.12.2012 )
|
|
|
-
|
92
|
|
|
( the data as of 31.12.2011 )
|
|
|
|
|
|
|
Export
|
|
|
|
- 2015
|
:
|
Russian Federation, Belarus, Ukraine, Poland, Germany, Czechia,
Bulgaria, Sweden
Goods: raw materials, pharmaceutical goods.
|
|
|
- 2014
|
:
|
|
Fiscal period: 12 month(s), currency: EUR
|
18 657 754.00
|
|
|
|
|
|
|
Kazakhstan, Ukraine, Belarus, Russian
Federation, Moldova, Lithuania, Estonia, Poland, Germany, Bulgaria, Georgia,
Uzbekistan
|
|
|
- 2013
|
:
|
|
Fiscal
period: 12 month(s), currency: LVL
|
11 645 121.00
|
|
|
|
|
|
|
- 01.11.2012
|
:
|
Kazakhstan, Ukraine, Belarus, Russian
Federation, Moldova, Lithuania, Estonia, Poland, Germany, Bulgaria, Georgia,
Uzbekistan
export makes 65%
|
|
|
- 2010
|
:
|
Kazakhstan, Ukraine, Belarus, Russian Federation,
Moldova, Lithuania, Estonia, Poland, Germany, Bulgaria
in 2010 export share made 63% of sales
|
|
|
Import
|
|
|
|
- 2014
|
:
|
China Peoples Republic, Russian
Federation, Germany, Nigeria, India, Mexico, Netherlands
|
|
|
- 2014
|
:
|
Belarus, India, China Peoples Republic, United Kingdom, Greece,
Ukraine, Romania, Italy, Egypt, Georgia, Greece, Bulgaria, Netherlands,
Spain, Germany, Lithuania, Estonia, Poland, France, Czech Republic
|
|
|
- 2013
|
:
|
|
Fiscal period: 12 month(s), currency: LVL
|
12 682 443.00
|
|
|
|
|
|
|
- 2012
|
:
|
Belarus, India, China Peoples Republic, United Kingdom, Greece,
Ukraine, Romania, Italy, Egypt, Georgia, Greece, Bulgaria, Netherlands, Spain,
Germany, Lithuania, Estonia, Poland, France, Czech Republic
|
|
|
- 2010
|
:
|
Belarus, Russian Federation, India, China Peoples Republic, Macedonia,
United Kingdom, Greece, Portugal, Ukraine, Romania, Italy, Egypt, Georgia,
Greece
|
|
|
Facilities
|
|
|
|
Real estate
|
:
|
|
rent:
|
|
-
|
Premises - Storehouse
|
|
size/amnt
|
:
|
300.00 m2
|
|
|
-
|
Premises - Office and storehouse
|
|
size/amnt
|
:
|
800.00 m2
|
|
address
|
:
|
Ganibu dambis 26, Riga, Rigas region, LV-1005, Latvia
|
|
/The company is planning to change its warehouse address in the
nearest future. More detailed information is not available./
|
|
|
|
|
|
|
|
Other Property
|
:
|
|
own:
|
|
-
|
Other tools & equipment - Car
|
|
quantity
|
:
|
8.00 unit(s)
|
|
|
-
|
Other tools & equipment - Van
|
|
quantity
|
:
|
2.00 unit(s)
|
|
|
|
|
|
|
|
|
Company owns cars and trucks.
|
|
|
Branches
|
:
|
|
|
|
Subsidiaries and Participation
|
:
|
According to the official sources:
|
|
|
|
|
|
-
|
PROFITNESS, SIA (Latvia)
|
24.25 %
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
According to company's admnistration data, it doesn't have any
subsidiary company.
|
|
|
Bankers
|
:
|
|
-
|
SWEDBANK (Latvia)
|
|
account(s)
|
:
|
LV10HABA0001408051559 (LVL); LV73HABA0019408051559 (USD);
LV80HABA0021408051559 (EUR)
|
|
|
|
|
|
|
|
Clients
|
:
|
About 500 SAFRANS SIA KRAUTER MIX (Germany)
|
|
|
Suppliers
|
:
|
About 200 TOUTON (France) PEROU CORPORATION (EU) SOLUTION FOR FOOD
|
|
|
Other associated Companies
|
:
|
There are no related companies.
|
|
|
Litigation
|
|
|
|
- 02.02.2015
|
:
|
|
Debt recovery
|
|
status
|
:
|
Next Court Sitting to be held
|
|
claimant
|
:
|
”Plantabul”Ltd
|
|
|
|
|
|
Defendant: ELPIS, Sabiedriba ar ierobezotu atbildibu Case number:
C32252514 Next court sitting: 14.09.2015
|
|
|
( the data as of 02.02.2015 )
|
|
|
- 05.01.2010
|
:
|
|
Infringement of trademark
|
|
status
|
:
|
Unknown
|
|
claimant
|
:
|
MERCK SHARP & DOHME Corp.
|
|
|
|
|
|
Case nr.: C04371609 Last court sitting: 12.10.2010 Defendant: ELPIS,
SIA
|
|
|
( the data as of 12.10.2010 )
|
|
|
- 09.05.2006
|
:
|
|
Debt recovery
|
|
status
|
:
|
Unknown
|
|
claimant
|
:
|
MT PARTNERI, SIA (Latvia)
|
|
|
|
|
|
Case Nr.: C30405405 Last court sitting: 11.02.2008 Defendant: ELPIS,
SiA
|
|
|
( the data as of 11.02.2008 )
|
|
|
- 11.01.2006
|
:
|
|
UNKNOWN CAUSE
|
|
status
|
:
|
Unknown
|
|
claimant
|
:
|
MT PARTNERI, SIA (Latvia)
|
|
|
|
|
|
Case Nr.: ELPIS_RA Last court sitting: 11.01.2006 Defendant: ELPIS,
SIA
|
|
|
|
There are no bankruptcy/insolvency listed in the subject name in the
official sources.
|
|
|
Remarks on payment
|
|
|
|
- 07.08.2012
|
:
|
|
Debt collection (confirmed)
|
0.00 LVL
|
|
payment status
|
:
|
complete
|
|
|
|
|
|
|
|
|
( the data as of 07.08.2012, cancelled since 20.08.2012 )
|
|
|
|
There are no more other on unpaid invoices/defaulted payments noted by
local debt collection companies.
|
|
|
Business mortgages
|
:
|
|
|
|
Financial Elements
|
:
|
According to company's administration words, turnover for 6 months of
2015 made approx. 22 mill. EUR.
|
|
|
Period, months
|
12
|
|
12
|
|
12
|
|
|
Ended
|
31.12.2014
|
|
31.12.2013
|
|
31.12.2012
|
|
|
Currency
|
EUR
|
|
LVL
|
|
LVL
|
|
|
|
===== BALANCE SHEET ====================
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
--- A S
S E T S --------------------
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NON-CURRENT
ASSETS
|
|
|
|
|
|
|
|
- Intangible
assets
|
|
|
|
|
|
|
|
- Fixed assets
|
112 259.00
|
|
101 795.00
|
|
94 125.00
|
|
|
- Investments
in tangible assets
|
|
|
|
|
|
|
|
- Financial
assets
|
414 056.00
|
|
603 000.00
|
|
582 000.00
|
|
|
- Other
non-current assets
|
|
|
|
|
|
|
|
Non-current
assets total
|
526 315.00
|
|
704 795.00
|
|
676 125.00
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS
|
|
|
|
|
|
|
|
- Stock
|
3 722 861.00
|
|
2 198 098.00
|
|
1 749 641.00
|
|
|
- Debtors
|
2 083 458.00
|
|
1 374 610.00
|
|
1 295 334.00
|
|
|
- Other
receivables
|
|
|
|
|
|
|
|
- Short-term financial
investments
|
|
|
|
|
|
|
|
- Cash
|
3 270 862.00
|
|
2 224 897.00
|
|
1 865 589.00
|
|
|
- Other
current assets
|
|
|
|
|
|
|
|
Current assets
total
|
9 077 181.00
|
|
5 797 605.00
|
|
4 910 564.00
|
|
|
|
|
|
|
|
|
|
|
Assets total
|
9 603 496.00
|
|
6 502 400.00
|
|
5 586 689.00
|
|
|
|
|
|
|
|
|
|
|
--- EQUITY AND LIABILITIES ---------
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CAPITAL AND
RESERVES
|
|
|
|
|
|
|
|
- Share
capital
|
213 430.00
|
|
150 000.00
|
|
150 000.00
|
|
|
- Additional
capital
|
|
|
|
|
|
|
|
- Other
capital
|
|
|
|
|
|
|
|
- Reserve
capital
|
157 098.00
|
|
110 409.00
|
|
0.00
|
|
|
- Retained
earnings (Non-covered loss)
|
4 599 254.00
|
|
2 787 661.00
|
|
2 389 524.00
|
|
|
Capital and
reserves total
|
4 969 782.00
|
|
3 048 070.00
|
|
2 649 933.00
|
|
|
|
|
|
|
|
|
|
|
Provisions
|
|
|
|
|
0.00
|
|
|
|
|
|
|
|
|
|
|
LONG-TERM
LIABILITIES
|
|
|
|
|
|
|
|
- Loans and
credits
|
|
|
|
|
0.00
|
|
|
- long-term amounts owed to banks
|
|
|
|
|
0.00
|
|
|
- Other
long-term liabilities
|
8 436.00
|
|
7 323.00
|
|
3 515.00
|
|
|
Long-term
liabilities total
|
8 436.00
|
|
7 323.00
|
|
3 515.00
|
|
|
|
|
|
|
|
|
|
|
SHORT-TERM
LIABILITIES
|
|
|
|
|
|
|
|
- Loans and
credits
|
1 346 832.00
|
|
778 249.00
|
|
1 758 064.00
|
|
|
- short-term amounts owed to banks
|
|
|
0.00
|
|
933 943.00
|
|
|
- Creditors
|
3 070 026.00
|
|
2 464 752.00
|
|
1 175 177.00
|
|
|
- trade debts
|
2 059 904.00
|
|
1 531 449.00
|
|
1 104 958.00
|
|
|
- accrued payroll
|
|
|
|
|
|
|
|
- tax liabilities
|
2 084.00
|
|
20 126.00
|
|
70 219.00
|
|
|
- other creditors
|
|
|
|
|
|
|
|
- advances received
|
1 008 038.00
|
|
913 177.00
|
|
|
|
|
- Dividends in
arrears
|
|
|
|
|
|
|
|
- Accrued
income, deferred charges
|
208 420.00
|
|
204 006.00
|
|
|
|
|
- Other
short-term liabilities
|
|
|
|
|
|
|
|
Short-term
liabilities total
|
4 625 278.00
|
|
3 447 007.00
|
|
2 933 241.00
|
|
|
|
|
|
|
|
|
|
|
Liabilities
total
|
4 633 714.00
|
|
3 454 330.00
|
|
2 936 756.00
|
|
|
Equity and
liabilities total
|
9 603 496.00
|
|
6 502 400.00
|
|
5 586 689.00
|
|
|
|
|
|
|
|
|
|
|
===== PROFIT
AND LOSS ACCOUNT ==========
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ORDINARY
ACTIVITY INCOME AND CHARGES
|
|
|
|
|
|
|
|
Net sales
|
28 085 653.00
|
|
18 593 980.00
|
|
20 540 970.00
|
|
|
Cost of goods
sold
|
24 584 496.00
|
|
15 793 305.00
|
|
17 220 377.00
|
|
|
Gross profit
|
3 501 157.00
|
|
2 800 675.00
|
|
3 320 593.00
|
|
|
Distribution
costs
|
2 470 694.00
|
|
2 067 355.00
|
|
2 182 225.00
|
|
|
Administrative
and management costs
|
217 924.00
|
|
113 355.00
|
|
87 035.00
|
|
|
Profit on
sales
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING
INCOME AND CHARGES
|
|
|
|
|
|
|
|
Interest
receivable
|
31 950.00
|
|
14 968.00
|
|
96 990.00
|
|
|
Interest
payable
|
127 291.00
|
|
189 117.00
|
|
5 646.00
|
|
|
Income from
participating interests
|
|
|
|
|
|
|
|
Other
operating income
|
210 840.00
|
|
89 545.00
|
|
43 973.00
|
|
|
Other
operating charges
|
160 806.00
|
|
79 322.00
|
|
61 125.00
|
|
|
Operating
profit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INVESTMENT
INCOME AND CHARGES
|
|
|
|
|
|
|
|
Investment
income less charges
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit before
taxation
|
767 232.00
|
|
456 039.00
|
|
1 125 525.00
|
|
|
Income-tax and
other similar payments
|
134 462.00
|
|
57 902.00
|
|
162 827.00
|
|
|
Profit (loss)
from ordinary activity
|
|
|
|
|
|
|
|
Extraordinary
income less charges
|
|
|
|
|
|
|
|
Net profit
|
632 770.00
|
|
398 137.00
|
|
962 698.00
|
|
|
|
|
|
|
|
|
|
|
|
- - - - - - -
KEY RATIOS - - - - - - -
|
|
|
|
|
|
|
|
Return on
sales, %
|
2.73
|
|
2.45
|
|
5.48
|
|
|
Profit before taxation / Net sales
|
|
|
|
|
|
|
|
Operating
margin of profit, %
|
|
|
|
|
|
|
|
Operating profit / Net sales
|
|
|
|
|
|
|
|
Return on
investment, %
|
15.44
|
|
14.96
|
|
42.47
|
|
|
Profit before taxation / Equity
|
|
|
|
|
|
|
|
Current assets
turnover
|
3.09
|
|
3.21
|
|
4.18
|
|
|
Net sales / Current assets
|
|
|
|
|
|
|
|
Working
capital
|
4 451 903.00
|
|
2 350 598.00
|
|
1 977 323.00
|
|
|
Current assets - Short-term liabilities
|
|
|
|
|
|
|
|
Leverage
|
0.52
|
|
0.47
|
|
0.47
|
|
|
Equity / Total assets
|
|
|
|
|
|
|
|
Current ratio
|
1.96
|
|
1.68
|
|
1.67
|
|
|
Current assets / Short-term liabilities
|
|
|
|
|
|
|
|
Quick ratio
|
1.16
|
|
1.04
|
|
1.08
|
|
|
(Current assets - Stock) / Short-term
liabilities
|
|
|
|
|
|
|
|
Debt-to-equity
ratio
|
0.93
|
|
1.13
|
|
1.11
|
|
|
Total liabilities / Equity
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Publications
|
|
|
|
- 0001
|
:
|
|
|
Information from the company's website: Company "ELPIS"
Ltd. has started its work on the pharmaceutical market since 1994. At the
present moment "ELPIS" Ltd. is one the biggest pharmaceutical
companies in Latvia. Our company cooperates with local and foreign partners
from CIS, Europe as well as with many companies all over the world. We have
been cooperating with world known medicaments producers through many years.
Coherent and organized work of highly qualified personnel as well as the
perfect knowledge of the tendencies on the market of pharmaceutical substances
and medicinal raw materials contribute to the development of the company.
The turnover of the company was raising from 0,1 million USD from the
company’s establishment up to 30 millions EUR in 2011. In 2004
"ELPIS" Ltd. took the third place among the biggest wholesale
pharmaceutical companies in nomination of the company’s creditability in
this sphere. Under the guidance of the member of the board Jan Leitan, the
company increases not only the money turnover but the number of the staff
as well. Around 95 people work for a company. "ELPIS" Ltd.
consists of several departments, which are lead by the experienced head
managers: local sales department, export sales department, raw materials
department and the department dealing with essential oils and food
supplements. The basic directions of our activity include the following:
wholesale of the medicaments and medicinal goods, as well as the supply of
raw materials (herbs), pharmaceutical substances, intermediates, essential
and base oils for pharmaceutical substances. Besides, the company has
started a new direction – wholesale of species, dried fruits and
vegetables. The company cooperates with the famous producers in China and
India. Finished goods (medicaments and medicinal goods) are imported directly
from the producers in Germany, Bulgaria, Poland, Denmark and CIS. The
company exports a wide range of medicaments to ex-USSR countries
(Lithuania, Estonia, Moldova, Kazakhstan and others). The company has
become the member of Latvian Chamber of Commerce since 2005. Trade of
medicinal herbs has been the basic direction of "Elpis" Ltd.
since the company’s establishment. Due to lasting experience,
"ELPIS" Ltd. holds a significant share on the pharmaceutical
market in the countries of ex-USSR and Eastern Europe. We can guarantee the
quality of the raw material, timeliness and regularity of the deliveries,
compliance with individual norms and the requirements of the clients.
|
|
|
|
|
|
FINAL COMMENTS
|
|
|
|
Mr Aleksandrs Ozolins provided us with the general information about
the company by the phone.
|
|
|
|
|
|
Registration History
|
|
|
|
- 03.02.1994
|
:
|
|
Registration number
|
:
|
010311443
|
|
Registr. authority
|
:
|
State Register (Latvia)
|
|
|
|
|
|
|
( the data as of 03.02.1994, cancelled since 03.06.2004 )
|
|
|
APPENDIX A
|
|
|
|
|
|
|
|
Financial
Statements
|
|
|
Period, months
|
12
|
|
12
|
|
12
|
|
|
Ended
|
31.12.2014
|
|
31.12.2013
|
|
31.12.2012
|
|
|
Currency
|
EUR
|
|
LVL
|
|
LVL
|
|
|
|
PROFIT AND
LOSS ACCOUNT
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
010 Net
turnover
|
28 085 653.00
|
|
|
|
|
|
|
020 Cost of
sales
|
-24 584 496.00
|
|
|
|
|
|
|
025 Change in
stock, finished and semi-finished goods
|
|
|
|
|
|
|
|
030 Gross
profit or loss
|
3 501 157.00
|
|
|
|
|
|
|
035 Facilities
produced at the expense of own funds for internal use
|
|
|
|
|
|
|
|
040
Distribution costs
|
-2 470 694.00
|
|
|
|
|
|
|
050
Administrative expenses
|
-217 924.00
|
|
|
|
|
|
|
060 Other
operating income
|
210 840.00
|
|
|
|
|
|
|
062 Economical
expenses
|
|
|
|
|
|
|
|
064 Gross
profit or loss
|
|
|
|
|
|
|
|
065
Administrative charges
|
|
|
|
|
|
|
|
067
Depreciation of fixed assets
|
|
|
|
|
|
|
|
068 Other
operating expenses
|
-160 806.00
|
|
|
|
|
|
|
070 Income
from participating interests
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
080 Income
from securities and loans forming long-term
|
|
|
|
|
|
|
|
investments
|
|
|
|
|
|
|
|
090 Other
interest receivable and similar income
|
31 950.00
|
|
|
|
|
|
|
100 Value
adjustments in respect of financial assets and
|
|
|
|
|
|
|
|
of investments held as current
assets
|
|
|
|
|
|
|
|
110 Interest
payable and similar charges
|
-127 291.00
|
|
|
|
|
|
|
120 Profit or loss
on ordinary activities before taxation
|
767 232.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
130
Extraordinary income
|
|
|
|
|
|
|
|
140
Extraordinary charges
|
|
|
|
|
|
|
|
150
Extraordinary profit or loss before taxation
|
|
|
|
|
|
|
|
151 Profit or loss
before taxation
|
767 232.00
|
|
|
|
|
|
|
160 Income-tax
for fiscal period
|
-136 446.00
|
|
|
|
|
|
|
170 Other
taxes
|
|
|
|
|
|
|
|
175 Deferred
Income-tax for fiscal period
|
1 984.00
|
|
|
|
|
|
|
180 Profit or
loss for fiscal period
|
632 770.00
|
|
|
|
|
|
|
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.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
021 Other
intangible assets
|
|
|
|
|
|
|
|
030 Goodwill
|
|
|
|
|
|
|
|
040 Payments
on account for intangible assets
|
|
|
|
|
|
|
|
050 Total
intangible assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Tangible assets
|
|
|
|
|
|
|
|
060 Real
estate
|
|
|
|
|
|
|
|
061 Long-term investments
in leased tangible assets
|
|
|
|
|
|
|
|
070 Plant and
machinery
|
|
|
|
|
|
|
|
080 Other
fixtures and fittings, tools and equipment
|
112 259.00
|
|
|
|
|
|
|
090 Payments
on account and tangible assets in cours
|
|
|
|
|
|
|
|
of construction
|
|
|
|
|
|
|
|
091 Prepayment
for tangible assets
|
|
|
|
|
|
|
|
100 Total
tangible assets
|
112 259.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
III Investment
property, total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
107 Total
biological assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets
|
|
|
|
|
|
|
|
110 Shares in
subsidiaries
|
|
|
|
|
|
|
|
120 Loans to
subsidiaries
|
|
|
|
|
|
|
|
130 Shares in
related companies
|
414 056.00
|
|
|
|
|
|
|
140 Loans to
related companies
|
|
|
|
|
|
|
|
150 Other
securities and capital participation
|
|
|
|
|
|
|
|
160 Other
loans
|
0.00
|
|
|
|
|
|
|
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
|
414 056.00
|
|
|
|
|
|
|
200
NON-CURRENT ASSETS TOTAL
|
526 315.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CURRENT ASSETS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock
|
|
|
|
|
|
|
|
210 Raw
materials and consumables
|
|
|
|
|
|
|
|
220 Work in
progress
|
|
|
|
|
|
|
|
230 Finished
goods and goods for resale
|
3 605 398.00
|
|
|
|
|
|
|
240 Orders
outstanding
|
|
|
|
|
|
|
|
250 Payments
on account
|
117 463.00
|
|
|
|
|
|
|
260 Working
and productive animals
|
|
|
|
|
|
|
|
270 Total
stock
|
3 722 861.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
275 LONG-TERM
INVESTMENT ASSETS WITHHELD
|
|
|
|
|
|
|
|
FOR SALE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debtors
|
|
|
|
|
|
|
|
280 Trade
debtors
|
1 898 670.00
|
|
|
|
|
|
|
290 Amounts
owed by subsidiaries
|
|
|
|
|
|
|
|
300 Amounts
owed by related companies
|
|
|
|
|
|
|
|
310 Other
debts
|
182 543.00
|
|
|
|
|
|
|
320 Subscribed
capital called but not paid
|
|
|
|
|
|
|
|
330 Short-terms
loans to the members of the company
|
0.00
|
|
|
|
|
|
|
and the management
|
|
|
|
|
|
|
|
335 Other
loans
|
|
|
|
|
|
|
|
340
Prepayments and accrued
|
2 245.00
|
|
|
|
|
|
|
341 Accrued
income
|
0.00
|
|
|
|
|
|
|
343 Deferred tax
liabilities
|
|
|
|
|
|
|
|
350 Total
debtors
|
2 083 458.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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)
|
3 270 862.00
|
|
|
|
|
|
|
410 CURRENT
ASSETS TOTAL
|
9 077 181.00
|
|
|
|
|
|
|
420 BALANCE
|
9 603 496.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
L I A B I L I
T I E S
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CAPITAL AND
RESERVES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
430 Share capital
|
213 430.00
|
|
|
|
|
|
|
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
|
157 098.00
|
|
|
|
|
|
|
500 Total
reserves
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retained earning or uncovered losses
|
|
|
|
|
|
|
|
510 Profit or
loss brought forward from previous years
|
3 966 484.00
|
|
|
|
|
|
|
520 Profit or
loss for the current year
|
632 770.00
|
|
|
|
|
|
|
505 Equity,
total
|
370 528.00
|
|
|
|
|
|
|
525
Consolidation margin
|
|
|
|
|
|
|
|
530 CAPITAL
AND RESERVES TOTAL
|
4 969 782.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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
|
|
|
|
|
|
|
|
601 Other
loans
|
|
|
|
|
|
|
|
602 Advanced
payments received
|
|
|
|
|
|
|
|
603 Trade
debts
|
|
|
|
|
|
|
|
610 Amounts
owed to subsidiaries
|
|
|
|
|
|
|
|
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
|
8 436.00
|
|
|
|
|
|
|
635 Accrued
liabilities
|
|
|
|
|
|
|
|
636 Leasing
liabilities
|
|
|
|
|
|
|
|
640 Total
long-term liabilities
|
8 436.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Short-term liabilities
|
|
|
|
|
|
|
|
650 Debenture
loans
|
|
|
|
|
|
|
|
660
Convertible loans
|
|
|
|
|
|
|
|
670 Amounts
owed to credit institutions
|
|
|
|
|
|
|
|
671 Other
loans
|
1 346 832.00
|
|
|
|
|
|
|
680 Advanced
payments received
|
1 008 038.00
|
|
|
|
|
|
|
690 Trade
debts
|
2 059 904.00
|
|
|
|
|
|
|
700 Bills of
exchange payable
|
|
|
|
|
|
|
|
710 Amounts
owed to subsidiaries
|
|
|
|
|
|
|
|
720 Amounts
owed to related companies
|
|
|
|
|
|
|
|
730 Taxes and
social security payments
|
2 084.00
|
|
|
|
|
|
|
740 Other creditors
|
|
|
|
|
|
|
|
750 Deferred
income
|
|
|
|
|
|
|
|
760 Fiscal
period dividends
|
|
|
|
|
|
|
|
770 Non-paid
dividends of previous years
|
|
|
|
|
|
|
|
771 Accrued
charges
|
208 420.00
|
|
|
|
|
|
|
773 Deferred
tax liabilities
|
|
|
|
|
|
|
|
774
Obligations for state funds exploitation
|
|
|
|
|
|
|
|
775 Alienated
financial instruments
|
|
|
|
|
|
|
|
776 Leasing
obligations
|
|
|
|
|
|
|
|
995
Depreciation
|
|
|
|
|
|
|
|
780 Total
short-term liabilities
|
4 625 278.00
|
|
|
|
|
|
|
790 CREDITORS
TOTAL
|
4 633 714.00
|
|
|
|
|
|
|
800 BALANCE
|
9 603 496.00
|
|
|
|
|
|
|
990 Employees
number
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- 31.12.2013
|
:
|
|
Fiscal period: 12 month(s), currency: LVL
|
|
|
PROFIT AND
LOSS ACCOUNT
|
|
|
|
|
|
|
010 Net
turnover
|
18 593 980.00
|
|
|
020 Cost of
sales
|
-15 793 305.00
|
|
|
025 Change in
stock, finished and semi-finished goods
|
|
|
|
030 Gross
profit or loss
|
2 800 675.00
|
|
|
035 Facilities
produced at the expense of own funds for internal use
|
|
|
|
040
Distribution costs
|
-2 067 355.00
|
|
|
050 Administrative
expenses
|
-113 355.00
|
|
|
060 Other
operating income
|
89 545.00
|
|
|
062 Economical
expenses
|
|
|
|
064 Gross
profit or loss
|
|
|
|
065
Administrative charges
|
|
|
|
067
Depreciation of fixed assets
|
|
|
|
068 Other
operating expenses
|
-79 322.00
|
|
|
070 Income
from participating interests
|
|
|
|
|
|
|
080 Income
from securities and loans forming long-term
|
|
|
|
investments
|
|
|
|
090 Other
interest receivable and similar income
|
14 968.00
|
|
|
100 Value adjustments
in respect of financial assets and
|
|
|
|
of investments held as current
assets
|
|
|
|
110 Interest
payable and similar charges
|
-189 117.00
|
|
|
120 Profit or
loss on ordinary activities before taxation
|
456 039.00
|
|
|
|
|
|
130 Extraordinary
income
|
|
|
|
140
Extraordinary charges
|
|
|
|
150
Extraordinary profit or loss before taxation
|
|
|
|
151 Profit or
loss before taxation
|
456 039.00
|
|
|
160 Income-tax
for fiscal period
|
-54 094.00
|
|
|
170 Other
taxes
|
0.00
|
|
|
175 Deferred
Income-tax for fiscal period
|
-3 808.00
|
|
|
180 Profit or
loss for fiscal period
|
398 137.00
|
|
|
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.
|
|
|
|
|
|
|
021 Other
intangible assets
|
|
|
|
030 Goodwill
|
|
|
|
040 Payments
on account for intangible assets
|
|
|
|
050 Total
intangible assets
|
|
|
|
|
|
|
Tangible assets
|
|
|
|
060 Real
estate
|
|
|
|
061 Long-term
investments in leased tangible assets
|
0.00
|
|
|
070 Plant and
machinery
|
|
|
|
080 Other fixtures
and fittings, tools and equipment
|
101 795.00
|
|
|
090 Payments
on account and tangible assets in cours
|
|
|
|
of construction
|
|
|
|
091 Prepayment
for tangible assets
|
|
|
|
100 Total
tangible assets
|
101 795.00
|
|
|
|
|
|
III Investment
property, total
|
|
|
|
|
|
|
107 Total
biological assets
|
|
|
|
|
|
|
Financial assets
|
|
|
|
110 Shares in
subsidiaries
|
|
|
|
120 Loans to
subsidiaries
|
|
|
|
130 Shares in
related companies
|
291 000.00
|
|
|
140 Loans to related
companies
|
|
|
|
150 Other
securities and capital participation
|
|
|
|
160 Other
loans
|
312 000.00
|
|
|
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
|
603 000.00
|
|
|
200
NON-CURRENT ASSETS TOTAL
|
704 795.00
|
|
|
|
|
|
CURRENT ASSETS
|
|
|
|
|
|
|
Stock
|
|
|
|
210 Raw
materials and consumables
|
|
|
|
220 Work in
progress
|
|
|
|
230 Finished
goods and goods for resale
|
2 093 567.00
|
|
|
240 Orders
outstanding
|
|
|
|
250 Payments
on account
|
104 531.00
|
|
|
260 Working
and productive animals
|
|
|
|
270 Total
stock
|
2 198 098.00
|
|
|
|
|
|
275 LONG-TERM INVESTMENT
ASSETS WITHHELD
|
|
|
|
FOR SALE
|
|
|
|
|
|
|
Debtors
|
|
|
|
280 Trade
debtors
|
767 205.00
|
|
|
290 Amounts
owed by subsidiaries
|
|
|
|
300 Amounts
owed by related companies
|
|
|
|
310 Other
debts
|
282 939.00
|
|
|
320 Subscribed
capital called but not paid
|
|
|
|
330
Short-terms loans to the members of the company
|
138 044.00
|
|
|
and the management
|
|
|
|
335 Other
loans
|
|
|
|
340
Prepayments and accrued
|
591.00
|
|
|
341 Accrued
income
|
185 831.00
|
|
|
343 Deferred tax
liabilities
|
|
|
|
350 Total
debtors
|
1 374 610.00
|
|
|
|
|
|
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)
|
2 224 897.00
|
|
|
410 CURRENT
ASSETS TOTAL
|
5 797 605.00
|
|
|
420 BALANCE
|
6 502 400.00
|
|
|
|
|
|
L I A B I L I
T I E S
|
|
|
|
|
|
|
CAPITAL AND
RESERVES
|
|
|
|
|
|
|
430 Share
capital
|
150 000.00
|
|
|
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
|
110 409.00
|
|
|
500 Total
reserves
|
|
|
|
|
|
|
Retained earning or uncovered losses
|
|
|
|
510 Profit or
loss brought forward from previous years
|
2 389 524.00
|
|
|
520 Profit or
loss for the current year
|
398 137.00
|
|
|
505 Equity,
total
|
260 409.00
|
|
|
525
Consolidation margin
|
|
|
|
530 CAPITAL
AND RESERVES TOTAL
|
3 048 070.00
|
|
|
|
|
|
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
|
|
|
|
601 Other
loans
|
|
|
|
602 Advanced
payments received
|
|
|
|
603 Trade
debts
|
|
|
|
610 Amounts
owed to subsidiaries
|
|
|
|
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
|
7 323.00
|
|
|
636 Leasing
liabilities
|
|
|
|
640 Total
long-term liabilities
|
7 323.00
|
|
|
|
|
|
Short-term liabilities
|
|
|
|
650 Debenture
loans
|
|
|
|
660
Convertible loans
|
|
|
|
670 Amounts
owed to credit institutions
|
0.00
|
|
|
671 Other
loans
|
778 249.00
|
|
|
680 Advanced
payments received
|
913 177.00
|
|
|
690 Trade
debts
|
1 531 449.00
|
|
|
700 Bills of
exchange payable
|
|
|
|
710 Amounts
owed to subsidiaries
|
|
|
|
720 Amounts
owed to related companies
|
|
|
|
730 Taxes and
social security payments
|
20 126.00
|
|
|
740 Other
creditors
|
|
|
|
750 Deferred
income
|
|
|
|
760 Fiscal
period dividends
|
|
|
|
770 Non-paid
dividends of previous years
|
|
|
|
771 Accrued charges
|
204 006.00
|
|
|
773 Deferred
tax liabilities
|
|
|
|
774
Obligations for state funds exploitation
|
|
|
|
775 Alienated
financial instruments
|
|
|
|
776 Leasing
obligations
|
|
|
|
995
Depreciation
|
|
|
|
780 Total
short-term liabilities
|
3 447 007.00
|
|
|
790 CREDITORS
TOTAL
|
3 454 330.00
|
|
|
800 BALANCE
|
6 502 400.00
|
|
|
990 Employees
number
|
|
|
|
|
|
|
|
|
|
- 31.12.2012
|
:
|
|
Fiscal period: 12 month(s), currency: LVL
|
|
|
PROFIT AND
LOSS ACCOUNT
|
|
|
|
|
|
|
010 Net
turnover
|
20 540 970.00
|
|
|
020 Cost of
sales
|
-17 220 377.00
|
|
|
025 Change in
stock, finished and semi-finished goods
|
|
|
|
030 Gross
profit or loss
|
3 320 593.00
|
|
|
035 Facilities
produced at the expense of own funds for internal use
|
|
|
|
040
Distribution costs
|
-2 182 225.00
|
|
|
050
Administrative expenses
|
-87 035.00
|
|
|
060 Other
operating income
|
43 973.00
|
|
|
062 Economical
expenses
|
|
|
|
064 Gross
profit or loss
|
|
|
|
065
Administrative charges
|
|
|
|
067 Depreciation
of fixed assets
|
|
|
|
068 Other
operating expenses
|
-61 125.00
|
|
|
070 Income
from participating interests
|
|
|
|
|
|
|
080 Income
from securities and loans forming long-term
|
|
|
|
investments
|
|
|
|
090 Other interest
receivable and similar income
|
96 990.00
|
|
|
100 Value
adjustments in respect of financial assets and
|
|
|
|
of investments held as current
assets
|
|
|
|
110 Interest
payable and similar charges
|
-5 646.00
|
|
|
120 Profit or loss
on ordinary activities before taxation
|
1 125 525.00
|
|
|
|
|
|
130
Extraordinary income
|
|
|
|
140
Extraordinary charges
|
|
|
|
150
Extraordinary profit or loss before taxation
|
|
|
|
151 Profit or
loss before taxation
|
1 125 525.00
|
|
|
160 Income-tax
for fiscal period
|
-160 453.00
|
|
|
170 Other
taxes
|
-2 143.00
|
|
|
175 Deferred
Income-tax for fiscal period
|
-231.00
|
|
|
180 Profit or
loss for fiscal period
|
962 698.00
|
|
|
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.
|
|
|
|
|
|
|
021 Other
intangible assets
|
|
|
|
030 Goodwill
|
|
|
|
040 Payments
on account for intangible assets
|
|
|
|
050 Total
intangible assets
|
|
|
|
|
|
|
Tangible assets
|
|
|
|
060 Real
estate
|
0.00
|
|
|
061 Long-term
investments in leased tangible assets
|
94 125.00
|
|
|
070 Plant and
machinery
|
|
|
|
080 Other
fixtures and fittings, tools and equipment
|
0.00
|
|
|
090 Payments
on account and tangible assets in cours
|
|
|
|
of construction
|
|
|
|
091 Prepayment
for tangible assets
|
|
|
|
100 Total
tangible assets
|
94 125.00
|
|
|
|
|
|
III Investment
property, total
|
|
|
|
|
|
|
107 Total
biological assets
|
|
|
|
|
|
|
Financial assets
|
|
|
|
110 Shares in subsidiaries
|
|
|
|
120 Loans to
subsidiaries
|
|
|
|
130 Shares in
related companies
|
291 000.00
|
|
|
140 Loans to
related companies
|
|
|
|
150 Other
securities and capital participation
|
|
|
|
160 Other
loans
|
291 000.00
|
|
|
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
|
582 000.00
|
|
|
200
NON-CURRENT ASSETS TOTAL
|
676 125.00
|
|
|
|
|
|
CURRENT ASSETS
|
|
|
|
|
|
|
Stock
|
|
|
|
210 Raw
materials and consumables
|
|
|
|
220 Work in
progress
|
|
|
|
230 Finished
goods and goods for resale
|
1 517 311.00
|
|
|
240 Orders
outstanding
|
|
|
|
250 Payments
on account
|
232 330.00
|
|
|
260 Working
and productive animals
|
|
|
|
270 Total
stock
|
1 749 641.00
|
|
|
|
|
|
275 LONG-TERM
INVESTMENT ASSETS WITHHELD
|
|
|
|
FOR SALE
|
|
|
|
|
|
|
Debtors
|
|
|
|
280 Trade
debtors
|
873 983.00
|
|
|
290 Amounts
owed by subsidiaries
|
|
|
|
300 Amounts
owed by related companies
|
|
|
|
310 Other
debts
|
66 808.00
|
|
|
320 Subscribed
capital called but not paid
|
|
|
|
330
Short-terms loans to the members of the company
|
352 920.00
|
|
|
and the management
|
|
|
|
340 Prepayments
and accrued
|
1 623.00
|
|
|
341 Accrued
income
|
|
|
|
343 Deferred
tax liabilities
|
|
|
|
350 Total
debtors
|
1 295 334.00
|
|
|
|
|
|
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)
|
1 865 589.00
|
|
|
410 CURRENT ASSETS
TOTAL
|
4 910 564.00
|
|
|
420 BALANCE
|
5 586 689.00
|
|
|
|
|
|
L I A B I L I
T I E S
|
|
|
|
|
|
|
CAPITAL AND
RESERVES
|
|
|
|
|
|
|
430 Share
capital
|
150 000.00
|
|
|
440 Share
premium account
|
|
|
|
450 Long-term
assets revaluation reserve
|
|
|
|
Reserves
|
|
|
|
452 Financial
instruments revaluation reserve
|
|
|
|
460 Reserve
stipulated by law
|
0.00
|
|
|
470 Reserve
for own shares and parts
|
|
|
|
480 Reserve
provided by charter
|
|
|
|
490 Other
reserves
|
110 409.00
|
|
|
500 Total reserves
|
0.00
|
|
|
|
|
|
Retained earning or uncovered losses
|
|
|
|
510 Profit or
loss brought forward from previous years
|
1 426 826.00
|
|
|
520 Profit or
loss for the current year
|
962 698.00
|
|
|
505 Equity,
total
|
260 409.00
|
|
|
525 Consolidation
margin
|
|
|
|
530 CAPITAL
AND RESERVES TOTAL
|
2 649 933.00
|
|
|
|
|
|
PROVISIONS
|
|
|
|
540 Provisions
for pensions and similar obligations
|
|
|
|
550 Provisions
for taxation
|
|
|
|
560 Other
provisions
|
0.00
|
|
|
570 PROVISIONS
TOTAL
|
0.00
|
|
|
|
|
|
CREDITORS
|
|
|
|
|
|
|
Long-term liabilities
|
|
|
|
580 Debenture
loans
|
|
|
|
590
Convertible loans
|
|
|
|
600 Amounts
owed to credit institutions
|
0.00
|
|
|
601 Other
loans
|
|
|
|
602 Advanced
payments received
|
|
|
|
603 Trade debts
|
0.00
|
|
|
610 Amounts
owed to subsidiaries
|
|
|
|
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
|
3 515.00
|
|
|
640 Total
long-term liabilities
|
3 515.00
|
|
|
|
|
|
Short-term liabilities
|
|
|
|
650 Debenture
loans
|
|
|
|
660
Convertible loans
|
|
|
|
670 Amounts owed
to credit institutions
|
933 943.00
|
|
|
671 Other
loans
|
824 121.00
|
|
|
680 Advanced
payments received
|
|
|
|
690 Trade
debts
|
1 104 958.00
|
|
|
700 Bills of
exchange payable
|
|
|
|
710 Amounts
owed to subsidiaries
|
|
|
|
720 Amounts owed
to related companies
|
|
|
|
730 Taxes and
social security payments
|
70 219.00
|
|
|
740 Other
creditors
|
|
|
|
750 Deferred
income
|
|
|
|
760 Fiscal
period dividends
|
|
|
|
770 Non-paid
dividends of previous years
|
|
|
|
771 Accrued
charges
|
|
|
|
773 Deferred
tax liabilities
|
|
|
|
774
Obligations for state funds exploitation
|
|
|
|
775 Alienated
financial instruments
|
|
|
|
995
Depreciation
|
|
|
|
780 Total
short-term liabilities
|
2 933 241.00
|
|
|
790 CREDITORS
TOTAL
|
2 936 756.00
|
|
|
800 BALANCE
|
5 586 689.00
|
|
|
990 Employees
number
|
|
|
|
|
|
|
|
|
|
- 31.12.2011
|
:
|
|
Fiscal period: 12 month(s), currency: LVL
|
|
|
PROFIT AND
LOSS ACCOUNT
|
|
|
|
|
|
|
010 Net
turnover
|
21 218 204.00
|
|
|
020 Cost of
sales
|
-19 092 213.00
|
|
|
025 Change in
stock, finished and semi-finished goods
|
|
|
|
030 Gross
profit or loss
|
2 125 991.00
|
|
|
035 Facilities
produced at the expense of own funds for internal use
|
|
|
|
040
Distribution costs
|
-1 226 960.00
|
|
|
050 Administrative
expenses
|
-84 396.00
|
|
|
060 Other
operating income
|
8 337.00
|
|
|
062 Economical
expenses
|
|
|
|
064 Gross
profit or loss
|
|
|
|
065
Administrative charges
|
|
|
|
067
Depreciation of fixed assets
|
|
|
|
068 Other
operating expenses
|
-47 396.00
|
|
|
070 Income
from participating interests
|
|
|
|
|
|
|
080 Income
from securities and loans forming long-term
|
|
|
|
investments
|
|
|
|
090 Other
interest receivable and similar income
|
321 461.00
|
|
|
100 Value adjustments
in respect of financial assets and
|
|
|
|
of investments held as current
assets
|
|
|
|
110 Interest
payable and similar charges
|
-450 340.00
|
|
|
120 Profit or
loss on ordinary activities before taxation
|
646 697.00
|
|
|
|
|
|
130 Extraordinary
income
|
|
|
|
140
Extraordinary charges
|
|
|
|
150
Extraordinary profit or loss before taxation
|
|
|
|
151 Profit or
loss before taxation
|
646 697.00
|
|
|
160 Income-tax
for fiscal period
|
-80 437.00
|
|
|
170 Other
taxes
|
-30 037.00
|
|
|
175 Deferred
Income-tax for fiscal period
|
0.00
|
|
|
180 Profit or
loss for fiscal period
|
536 223.00
|
|
|
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.
|
|
|
|
|
|
|
021 Other
intangible assets
|
|
|
|
030 Goodwill
|
|
|
|
040 Payments on
account for intangible assets
|
|
|
|
050 Total
intangible assets
|
|
|
|
|
|
|
Tangible assets
|
|
|
|
060 Real
estate
|
28 889.00
|
|
|
061 Long-term
investments in leased tangible assets
|
0.00
|
|
|
070 Plant and
machinery
|
|
|
|
080 Other fixtures
and fittings, tools and equipment
|
58 596.00
|
|
|
090 Payments
on account and tangible assets in cours
|
|
|
|
of construction
|
|
|
|
091 Prepayment
for tangible assets
|
|
|
|
100 Total
tangible assets
|
87 485.00
|
|
|
|
|
|
III Investment
property, total
|
|
|
|
|
|
|
107 Total
biological assets
|
|
|
|
|
|
|
Financial assets
|
|
|
|
110 Shares in
subsidiaries
|
|
|
|
120 Loans to
subsidiaries
|
|
|
|
130 Shares in
related companies
|
0.00
|
|
|
140 Loans to
related companies
|
|
|
|
150 Other
securities and capital participation
|
|
|
|
160 Other
loans
|
0.00
|
|
|
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
|
87 485.00
|
|
|
|
|
|
CURRENT ASSETS
|
|
|
|
|
|
|
Stock
|
|
|
|
210 Raw
materials and consumables
|
|
|
|
220 Work in
progress
|
|
|
|
230 Finished goods
and goods for resale
|
1 815 497.00
|
|
|
240 Orders
outstanding
|
|
|
|
250 Payments
on account
|
175 342.00
|
|
|
260 Working
and productive animals
|
|
|
|
270 Total
stock
|
1 990 839.00
|
|
|
|
|
|
275 LONG-TERM
INVESTMENT ASSETS WITHHELD
|
|
|
|
FOR SALE
|
|
|
|
|
|
|
Debtors
|
|
|
|
280 Trade
debtors
|
1 400 885.00
|
|
|
290 Amounts
owed by subsidiaries
|
|
|
|
300 Amounts
owed by related companies
|
|
|
|
310 Other
debts
|
529 558.00
|
|
|
320 Subscribed
capital called but not paid
|
|
|
|
330 Short-terms
loans to the members of the company
|
0.00
|
|
|
and the management
|
|
|
|
340
Prepayments and accrued
|
1 297.00
|
|
|
341 Accrued
income
|
|
|
|
343 Deferred
tax liabilities
|
|
|
|
350 Total
debtors
|
1 931 740.00
|
|
|
|
|
|
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)
|
1 539 740.00
|
|
|
410 CURRENT
ASSETS TOTAL
|
5 462 319.00
|
|
|
420 BALANCE
|
5 549 804.00
|
|
|
|
|
|
L I A B I L I
T I E S
|
|
|
|
|
|
|
CAPITAL AND
RESERVES
|
|
|
|
|
|
|
430 Share
capital
|
150 000.00
|
|
|
440 Share
premium account
|
|
|
|
450 Long-term
assets revaluation reserve
|
|
|
|
Reserves
|
|
|
|
452 Financial
instruments revaluation reserve
|
|
|
|
460 Reserve
stipulated by law
|
660.00
|
|
|
470 Reserve for
own shares and parts
|
|
|
|
480 Reserve
provided by charter
|
|
|
|
490 Other
reserves
|
109 749.00
|
|
|
500 Total
reserves
|
110 409.00
|
|
|
|
|
|
Retained earning or uncovered losses
|
|
|
|
510 Profit or
loss brought forward from previous years
|
887 187.00
|
|
|
520 Profit or
loss for the current year
|
536 223.00
|
|
|
505 Equity,
total
|
0.00
|
|
|
525
Consolidation margin
|
|
|
|
530 CAPITAL
AND RESERVES TOTAL
|
1 683 819.00
|
|
|
|
|
|
PROVISIONS
|
|
|
|
540 Provisions
for pensions and similar obligations
|
|
|
|
550 Provisions
for taxation
|
|
|
|
560 Other
provisions
|
324 086.00
|
|
|
570 PROVISIONS
TOTAL
|
324 086.00
|
|
|
|
|
|
CREDITORS
|
|
|
|
|
|
|
Long-term liabilities
|
|
|
|
580 Debenture
loans
|
|
|
|
590
Convertible loans
|
|
|
|
600 Amounts
owed to credit institutions
|
943 043.00
|
|
|
601 Other
loans
|
|
|
|
602 Advanced
payments received
|
|
|
|
603 Trade
debts
|
164 289.00
|
|
|
610 Amounts
owed to subsidiaries
|
|
|
|
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
|
0.00
|
|
|
640 Total
long-term liabilities
|
1 107 332.00
|
|
|
|
|
|
Short-term liabilities
|
|
|
|
650 Debenture
loans
|
|
|
|
660
Convertible loans
|
|
|
|
670 Amounts
owed to credit institutions
|
0.00
|
|
|
671 Other
loans
|
885 533.00
|
|
|
680 Advanced
payments received
|
|
|
|
690 Trade
debts
|
1 525 825.00
|
|
|
700 Bills of
exchange payable
|
|
|
|
710 Amounts
owed to subsidiaries
|
|
|
|
720 Amounts
owed to related companies
|
|
|
|
730 Taxes and
social security payments
|
23 209.00
|
|
|
740 Other
creditors
|
|
|
|
750 Deferred
income
|
|
|
|
760 Fiscal
period dividends
|
|
|
|
770 Non-paid
dividends of previous years
|
|
|
|
771 Accrued
charges
|
|
|
|
773 Deferred
tax liabilities
|
|
|
|
774
Obligations for state funds exploitation
|
|
|
|
775 Alienated
financial instruments
|
|
|
|
995
Depreciation
|
|
|
|
780 Total
short-term liabilities
|
2 434 567.00
|
|
|
790 CREDITORS
TOTAL
|
3 541 899.00
|
|
|
800 BALANCE
|
5 549 804.00
|
|
|
990 Employees
number
|
|
|
|
|
|
|
|
|
|
- 31.12.2010
|
:
|
|
Fiscal period: 12 month(s), currency: LVL
|
|
|
PROFIT AND
LOSS ACCOUNT
|
|
|
|
|
|
|
010 Net
turnover
|
20 116 739.00
|
|
|
020 Cost of
sales
|
18 106 028.00
|
|
|
025 Change in
stock, finished and semi-finished goods
|
|
|
|
030 Gross profit
or loss
|
2 010 711.00
|
|
|
035 Facilities
produced at the expense of own funds for internal use
|
|
|
|
040
Distribution costs
|
1 436 163.00
|
|
|
050
Administrative expenses
|
90 735.00
|
|
|
060 Other
operating income
|
10 032.00
|
|
|
062 Economical
expenses
|
5 460.00
|
|
|
064 Gross
profit or loss
|
|
|
|
065
Administrative charges
|
|
|
|
067
Depreciation of fixed assets
|
|
|
|
068 Other
operating expenses
|
|
|
|
070 Income
from participating interests
|
|
|
|
|
|
|
080 Income from
securities and loans forming long-term
|
|
|
|
investments
|
|
|
|
090 Other
interest receivable and similar income
|
438 486.00
|
|
|
100 Value
adjustments in respect of financial assets and
|
|
|
|
of investments held as current
assets
|
|
|
|
110 Interest
payable and similar charges
|
277 228.00
|
|
|
120 Profit or
loss on ordinary activities before taxation
|
600 503.00
|
|
|
|
|
|
130
Extraordinary income
|
|
|
|
140
Extraordinary charges
|
|
|
|
150 Extraordinary
profit or loss before taxation
|
|
|
|
151 Profit or
loss before taxation
|
600 503.00
|
|
|
160 Income-tax
for fiscal period
|
85 294.00
|
|
|
170 Other
taxes
|
1 843.00
|
|
|
175 Deferred
Income-tax for fiscal period
|
|
|
|
180 Profit or loss
for fiscal period
|
513 366.00
|
|
|
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.
|
|
|
|
|
|
|
021 Other
intangible assets
|
|
|
|
030 Goodwill
|
|
|
|
040 Payments
on account for intangible assets
|
|
|
|
050 Total
intangible assets
|
|
|
|
|
|
|
Tangible assets
|
|
|
|
060 Real
estate
|
33 522.00
|
|
|
061 Long-term
investments in leased tangible assets
|
|
|
|
070 Plant and
machinery
|
|
|
|
080 Other
fixtures and fittings, tools and equipment
|
101 156.00
|
|
|
090 Payments on
account and tangible assets in cours
|
|
|
|
of construction
|
|
|
|
091 Prepayment
for tangible assets
|
|
|
|
100 Total
tangible assets
|
134 678.00
|
|
|
|
|
|
III Investment
property, total
|
|
|
|
|
|
|
107 Total
biological assets
|
|
|
|
|
|
|
Financial assets
|
|
|
|
110 Shares in
subsidiaries
|
|
|
|
120 Loans to
subsidiaries
|
|
|
|
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
|
|
|
|
200
NON-CURRENT ASSETS TOTAL
|
134 678.00
|
|
|
|
|
|
CURRENT ASSETS
|
|
|
|
|
|
|
Stock
|
|
|
|
210 Raw
materials and consumables
|
|
|
|
220 Work in
progress
|
|
|
|
230 Finished
goods and goods for resale
|
2 182 682.00
|
|
|
240 Orders
outstanding
|
|
|
|
250 Payments
on account
|
119 879.00
|
|
|
260 Working
and productive animals
|
|
|
|
270 Total
stock
|
2 302 561.00
|
|
|
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275 LONG-TERM
INVESTMENT ASSETS WITHHELD
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FOR SALE
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Debtors
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280 Trade
debtors
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1 642 709.00
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290 Amounts
owed by subsidiaries
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300 Amounts
owed by related companies
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310 Other
debts
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252 317.00
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320 Subscribed
capital called but not paid
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330
Short-terms loans to the members of the company
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and the management
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340
Prepayments and accrued
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341 Accrued
income
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343 Deferred
tax liabilities
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350 Total
debtors
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1 895 026.00
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Securities current assets and
short-term capital
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participations
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360 Shares in
subsidiaries
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370 Own shares
and parts
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380 Other
securities and capital participation
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385 Financial
derivatives
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390 Total
securities and shares
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400 Cash at
bank and in hand (total)
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1 204 375.00
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410 CURRENT
ASSETS TOTAL
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5 401 962.00
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420 BALANCE
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5 536 640.00
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L I A B I L I
T I E S
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CAPITAL AND
RESERVES
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430 Share
capital
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150 000.00
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440 Share
premium account
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450 Long-term
assets revaluation reserve
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Reserves
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460 Reserve stipulated
by law
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660.00
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470 Reserve
for own shares and parts
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480 Reserve
provided by charter
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490 Other
reserves
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109 749.00
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500 Total
reserves
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260 409.00
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Retained earning or uncovered losses
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510 Profit or
loss brought forward from previous years
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447 318.00
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520 Profit or
loss for the current year
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513 366.00
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530 CAPITAL
AND RESERVES TOTAL
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1 221 093.00
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PROVISIONS
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540 Provisions
for pensions and similar obligations
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550 Provisions
for taxation
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560 Other
provisions
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809 810.00
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570 PROVISIONS
TOTAL
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809 810.00
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CREDITORS
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Long-term liabilities
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580 Debenture
loans
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590 Convertible
loans
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600 Amounts
owed to credit institutions
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936 743.00
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601 Other
loans
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1 656.00
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602 Advanced
payments received
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603 Trade
debts
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80 092.00
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610 Amounts
owed to subsidiaries
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620 Amounts owed
to related companies
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621 Taxes and
social security payments
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630 Other
creditors
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631 Deferred
income
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632 Non-paid
dividends of current year
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633 Non-paid
dividends of previous years
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634 Deferred
tax liabilities
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640 Total
long-term liabilities
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1 018 491.00
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Short-term liabilities
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650 Debenture
loans
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660
Convertible loans
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670 Amounts
owed to credit institutions
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671 Other
loans (from member of the board)
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828 715.00
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680 Advanced
payments received
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690 Trade
debts
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1 658 411.00
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700 Bills of
exchange payable
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710 Amounts
owed to subsidiaries
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720 Amounts
owed to related companies
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730 Taxes and
social security payments
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740 Other
creditors
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750 Deferred
income
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760 Fiscal
period dividends
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770 Non-paid
dividends of previous years
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771 Accrued
charges
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773 Deferred
tax liabilities
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775 Alienated
financial instruments
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995 Depreciation
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780 Total
short-term liabilities
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2 487 126.00
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790 CREDITORS
TOTAL
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3 505 617.00
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800 BALANCE
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5 536 640.00
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990 Employees
number
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