Published: 2020-05-25 16:42:58 CEST
UPP & CO Kauno 53
Annual report

UPP & CO Kauno 53 OÜ Consolidated Audited 2019 Annual Report

The sales of the consolidation group amounted to 1,287,781 euros in the reporting year (1,247,276 euros in 2018). There are no employees in the consolidation group; therefore no remuneration has been calculated for them. Remuneration has been calculated for the members of the management board. In the reporting year, expenses along with tax amounted to 292 euros (1,037 euros in 2018) with no other discounts or benefits.

The group considers the general (macroeconomic) condition of the operating environment to be good and its impact on economic performance is neutral. Likewise, the business operations of the group are not affected by seasonality as the economic activity is not cyclical by nature. The activities of the company have no major environmental and social impacts.

No risks related to fluctuations in currency exchange, interest and stock exchange rates have emerged during the financial year and the period of preparation of the report.

Since the group was created solely for its current activities, there are no planned structural changes in business operations.

There are no planned major research and development projects and expenses associated with them in the reporting year and in the following years. Likewise, the group has not provided any guarantees or assumed any liabilities that could have a material impact on the results of the next financial years.

         Siim Sild
         Managing Director
         +372 5626 0107

K53_14194597_2019 MAA_EN_C.pdf