Published: 2020-04-30 16:23:22 CEST
Moda Kapitāls
Annual Financial Report

Audited Financial statement of JSC Moda Kapitals for the year 2019

JSC "Moda kapitals" unaudited finansial results of year 2019 Neto loses 174.817,00 EUR (2018: Neto loses 181.870,00 EUR) * Neto revenue of year 2019: 1.705.023,00  EUR (2018: Neto revenue 1.130.628,00 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 FINANCIAL POSITION          
          31.12.2019 31.12.2018
ASSETS         EUR EUR
     
Non-current assets    
Intangible assets 67,499 67,668
Fixed assets 422,753 457,413
Right of use assets         88,410 0
Participation in the capital of related companies         425,200  
Other non-current assets 142 142
Total non-current assets 1,004,004 525,223
     
Current assets    
Inventories 1,120,858 1,229,400
Loans and receivables 1,502,842 1,730,345
Other current assets 43,845 82,515
Cash and its equivalents 215,959 159,545
Total current assets 2,883,504 3,201,805
             
TOTAL ASSETS 3,887,508 3,727,028
             
             
          31.12.2019 31.12.2018
EQUITY AND LIABILITIES         EUR EUR
     
Equity    
Share capital 467,127 426,862
Revaluation reserves of non-current assets 163,706 168,973
Retained earnings/(accumulated deficit) -715,253 -540,436
Total equity -84,420 55,399
     
Liabilities    
Non-current liabilities    
Borrowings 198,000 3,386,500
Lease obligations         66,269  
Total non-current liabilities 264,269 3,520,714
     
Current liabilities    
Borrowings 3,538,650 149,899
Lease obligations         22,879  
Trade and other payables 146,130 135,230
Total current liabilities 3,707,659 285,129
     
Total liabilities 3,971,928 3,671,629
     
TOTOAL EQUITY AND LIABILITIES 3,887,508 3,727,028
             
STATEMENT OF COMPREHENSIVE INCOME      
          01.01.2019-31.12.2019   01.01.2018-31.12.2018
          EUR   EUR
Revenue   1,705,023   1,130,628
Finance income   972,345   1,107,020
Cost of sales   -1,444,759   -891,971
Finance costs   -417,437   -424,399
Gross profit   815,172   921,278
         
Distribution expenses   -748,626   -779,510
Administrative expenses   -249,225   -294,722
Other income   57,174   106,490
Other expenses   -46,106   -132,653
Profit or (loss) before income tax   -171,611   -179,117
         
Corporate income tax   -3,206   -2,753
Net profit or (loss)       -174,817   -181,870
Other comprehensive income or (loss)          
Total comprehensive income or (loss)   -174,817   -181,870
               
               

 

         Guntars Zvīnis
         Member Of the Board JSC Moda kapitals
         Phone: +37167344234
         email: guntars@draudzigsaizdevums.lv


GP SFPS_2019_ENG.pdf
Auditors report.pdf
Corporate Governance report 2019.pdf