Published: 2019-04-30 08:03:09 CEST
Moda Kapitāls
Annual Financial Report

Audited Financial statement of JSC Moda Kapitals for the year 2018

JSC "Moda kapitals" unaudited finansial results of year 8* Neto loses 181.870,00 EUR (2017: Neto loses 84.161,00 EUR) * Neto revenue of year 2018: 1.130.628,00  EUR (2017: Neto revenue 1.476.127,00 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

             
              2018 2017
              EUR EUR
Net turnover   1 130 628 1 476 127
Finance income   1 107 020 1 176 104
Cost of sales   -891 971 -1 256 860
Finance costs   -424 399 -424 107
Gross profit   921 278 971 264
       
Selling costs   -779 510 -771 642
Administrative expenses   -294 722 -300 149
Other income   106 490 111 412
Other expenses    -132 653 -126 067
Profit or loss before corporate income tax   -179 117 -115 182
       
Corporate income tax   -2 753 31 021
Net profit or loss           -181 870 -84 161
Other comprehensive income / (loss)       0 18 147
Total comprehensive income         -181 870 -66 014

 

                STATEMENT OF FINANCIAL POSITION  
                 
              31.12.2018 31.12.2017
ASSETS             EUR EUR
       
Non-current assets      
Intangible assets   67 668 57 136
Fixed assets   457 413 514 751
Other non-current assets   142 142
Total non-current assets   525 223 572 029
       
Current assets      
Inventories   1 229 400 1 327 074
Loans and receivables   1 730 345 2 031 258
Other current assets   82 515 41 174
Cash and its equivalents   159 545 165 334
Total current assets   3 201 85 3 564 840
                 
TOATAL ASSETS   3 727 028 4 136 869
                 
                 
              31.12.2018 31.12.2017
EQUITY AND LIABILITIES         EUR EUR
       
Equity      
Share capital   426,862 426 862
Revaluation reserves of non-current assets   169 873 174 240
Retained earnings/ (accumulated deficit)   -540 436 -358 566
Total equity   55 399 242 536
       
Liabilities      
Non-current liabilities      
Borrowings   3 386 500 3 418 748
Deferred income tax liabilities   0 0
Total non-current liabilities:   3 386 500 3 418 748
       
Current liabilities      
Borrowings   149 899 356 200
Trade and other payables   135 230 119 385
Total current liabilities   285 129 475 585
       
Total liabilties   3 671 629 3 894 333
       
TOTAL EQUITY AND LIABILITIES   3 727 028 4 136869

 

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


Independent auditors report.pdf
Financial statement 2018.pdf
CORPORATE GOVERNANCE REPORT 2018.pdf