Published: 2018-04-27 08:32:44 CEST
Moda Kapitāls
Annual Financial Report

Audited Financial statement of JSC Moda Kapitals for the year 2017

JSC "Moda kapitals" is publishing Annual report of year 2017 and Corporate Governance Report of 2017.

JSC "Moda kapitals" unaudited finansial results of year 2017: * Neto loses 84.161,00 EUR (2016: Neto loses 91.701,00 EUR) * Neto revenue of year 2017: 1.476.127,00 EUR (2016: Neto revenue 1.206.260,00 EUR )

The principal activity of AS Moda Kapitals (further - Company) is issuance of short-term loans against a pledge of movable  property, real estate and issuance of consumer loans, as well as trading of precious metals and little-used wide range of home appliances and electronics.

 

STATEMENT OF COMPREHENSIVE INCOME

   
 
 
              2017 2016
              EUR EUR
Net turnover   1,476,127 1,206,260
Finance income   1,176,104 1,281,250
Cost of sales   -1,256,860 -992,968
Finance costs   -424,107 -418,198
Gross profit   971,264 1,076,344
       
Selling costs   -771,642 -787,648
Administrative expenses   -300,149 -303,708
Other income   111,412 22,891
Other expenses    -126,067 -65,350
Profit or loss before corporate income tax   -115,182 -57,471
       
Corporate income tax   31,021 34,230
Net profit or loss           -84,161 -91,701
Other comprehensive income / (loss)       18,147 81,999
Total comprehensive income         -66,014 -9,702

 

                STATEMENT OF FINANCIAL POSITION  
                 
              31.12.2017 31.12.2016
ASSETS             EUR EUR
       
Non-current assets      
Intangible assets   57,136 51,359
Fixed assets   514,751 597,061
Other non-current assets   142 142
Total non-current assets   572,029 648,562
       
Current assets      
Inventories   1,327,074 1,123,520
Loans and receivables   2,031,258 2,137,805
Other current assets   41,174 41,695
Cash and its equivalents   165,334 240,394
Total current assets   3,564,840 3,543,413
                 
TOATAL ASSETS   4,136,869 4,191,976
                 
                 
              31.12.2017 31.12.2016
EQUITY AND LIABILITIES         EUR EUR
       
Equity      
Share capital   426,862 426,862
Revaluation reserves of non-current assets   174,240 156,093
Retained earnings/ (accumulated deficit)   -358,566 -274,405
Total equity   242,536 308,550
       
Liabilities      
Non-current liabilities      
Borrowings   3,418,748 3,323,152
Deferred income tax liabilities   0 54,435
Total non-current liabilities:   3,418,748 3,377,587
       
Current liabilities      
Borrowings   356,200 369,317
Trade and other payables   119,385 135,522
Total current liabilities   475,585 505,839
       
Total liabilties   3,894,333 3,883,246
       
TOTAL EQUITY AND LIABILITIES   4,136,869 4,191,976

 

         Guntars Zvīnis
         Member of The Board JSC Moda kapitals
         phone: +37167344234
         email: guntars@draudzigsaizdevums.lv


Financial statement 2017.PDF
Corporate governance report 2017.PDF
Independent Auditors report 2017.pdf