Published: 2020-03-25 15:45:40 CET
Kurzemes atslēga 1
Annual Financial Report

CORRECTION: JSC "KURZEMES ATSLĒGA 1" Annual Report 2019 audited

JSC "KURZEMES ATSLĒGA 1" Annual Report 2019 audited

Kalvenes street 27, Aizpute, LV-3456, Latvia, 2020-03-25 15:45 CET --   Correction: Updated list of major shareholders in the Annual Report.

AS “KURZEMES ATSLĒGA 1” core activity has not changed during 2019. Locks, ironmongery, furniture items, forgings of metal, building structures, technologic equipment are being produced and galvanizing services are being rendered.AS “KURZEMES ATSLĒGA 1” share capital amounts to 1 285 401 EUR, net sales in 2019 amounted to 1 680 707 EUR. As compared to 2018, the net sales in 2019 decreased by 114 198 EUR, which amounts to 6.4% of the sales of 2018. The financial result of the operations of the Company in 2019 was a loss of 212 221 EUR

  2019   2018
  EUR   EUR
       
Net sales 1 680 707   1 794 905
       
Cost of sales (1 718 046)   (1 747 860)
       
Gross (loss) / profit (37 339)   47 045
       
Selling expenses (46 560)   (44 834)
       
Administrative expenses (87 847)   (94 764)
       
Other operating income 37 790   39 727
       
Other operating expenses (76 167)   (19 267)
       
Interest expenses and similar expenses (1 608)   (1 714)
       
Loss before corporate income tax (211 731)   (73 807)
       
Corporate income tax for the reporting year (490)   (468)
   
Current year's loss (212 221)   (74 275)

Loss per share                                                            ( 0.231    )                        (   0.081)

         Irēna Burve
         Chief accountant
         A/S KURZEMES ATSLĒGA 1
         Kalvenes street 27
         Aizpute,
         LV-3456
         Latvia
         Tel.: +371 63448075


KA1_Annual_report_for_2019_audited.pdf
KA1_independent_auditors_report_2019.pdf
KA1_Corp_Gov_report_2019.pdf