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
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.