Published: 2017-02-28 12:16:26 CET
Moda Kapitāls
Financial Statement Release

JSC "Moda kapitals" unaudited results for the 12 month of 2016.

JSC "Moda kapitals" unaudited finansial results of year 2016: Neto loses 57.457,00 EUR  EUR (2015: Neto loses 101.852,00 EUR) Neto revenue 1.206.260,00 (2015: Neto revenue 1.095.964,00 EUR ).

 

        STATEMENT OF COMPREHENSIVE INCOME  
 
 
              2016 2015
              EUR EUR
Net turnover   1,206,260 1,095,964
Finance income   1,281,250 1,373,717
Cost of sales   -992,968 -900,396
Finance costs   -418,197 -428,937
Gross profit   1,076,345 1,140,348
       
Selling costs   -787,545 -795,882
Administrative expenses   -303,708 -337,283
Other income   22,891 15,557
Other expenses    -65,440 -146,045
Profit or loss before corporate income tax   -57,457 -123,305
       
Corporate income tax   -33,558 15,248
Net profit or loss           -91,015 -108,057
Other comprehensive income / (loss)       81,999 0
Total comprehensive income         -9,016 -108,057

 

                STATEMENT OF FINANCIAL POSITION  
                 
              31.12.2016 31.12.2015
ASSETS             EUR EUR
       
Non-current assets      
Intangible assets   51,359 44,739
Fixed assets   587,666 587,128
Other non-current assets   142 142
Total non-current assets   639,167 632,009
       
Current assets      
Inventories   983,602 1,105,387
Loans and receivables   2,287,118 2,212,807
Other current assets   41,696 44,086
Cash and its equivalents   240,394 285,218
Total current assets   3,552,810 3,647,498
                 
TOATAL ASSETS   4,191,977 4,279,507
                 
                 
              31.12.2016 31.12.2015
EQUITY AND LIABILITIES         EUR EUR
       
Equity      
Share capital   426,862 426,862
Revaluation reserves of non-current assets   156,093 61,820
Retained earnings/ (accumulated deficit)   -273,719 -168,249
Total equity   309,236 320,433
       
Liabilities      
Non-current liabilities      
Borrowings   3,323,152 3,339,172
Deferred income tax liabilities   54,435 7,049
Total non-current liabilities:   3,377,587 3,346,221
       
Current liabilities      
Borrowings   369,317 494,631
Trade and other payables   135,837 118,222
Total current liabilities   505,154 612,853
       
Total liabilties   3,882,741 3,959,074
       
TOTAL EQUITY AND LIABILITIES   4,191,977 4,279,507

 

 

PRIOR PERIOD ERRORS

During the preparation of annual report for the year 2016, it was found that in 2011 the long-term revaluation reserve was incorrectly calculated and disclosed.

In accordance with the International Accounting Standard No 8 "Accounting Policies, Changes in Accounting Estimates and Errors", the Company accounted the adjustments in year 2016, but in the annual report it was disclosed retrospectively.

Due to adjustments Company's profit for the year 2015 was increased by 2181 EUR; the share equity as of 31.12.2015 was decreased by 9814 EUR and makes 320 433 EUR.

         Guntars Zvinis
         Member of The Board
         JSC Moda kapitals
         email: guntars@emoda.lv
         Phone: +37167344234


FS 2016.PDF