Published: 2019-04-29 17:38:40 CEST
VEF Radiotehnika RRR
Annual Financial Report

JSC "VEF Radiotehnika RRR" Audited Interim Report year 2018, the Auditor's opinion, Comply/Explain Report on Good corporate governance principles

Management report

Types of activity


The main activities of AS “VEF Radiotehnika RRR” in 2018 were:                                                                                               

1.   Real estate renting services;                                    

2.    Manufacturing of  acoustic systems; purchase and sale of their enclosures.                                                          

When compared with the previous reporting period, no new main activities have been included.

 In the future, it is planned to restore acoustic systems development, organization of production and sales.


Operations of the Company during the reporting year


Reporting year results of the Company are the following:                                                                                                                             

      Result before extraordinary items and taxes:                     (15 516) EUR                        

      Net result:                                                                           (15 516) EUR                                                                      


In 2018, net turnover amounted to 154 291 EUR which is 80% less when compared to 2017.

The Company's current  assets exceeded its short-term liabilities by 46 400 EUR. 

VERRR2018GPENG29042019 with auditors report.pdf
2019_Dok_zinojums Korp_princip 2019 ENG.pdf
A-1-Neatkarigu revidentu zinojums-ENG-IL VEF_2018_.pdf