VEF Radiotehnika RRR
Annual Financial Report
JSC "VEF Radiotehnika RRR" Audited Interim Report year 2019, the Auditor's opinion, Comply/Explain Report on Good corporate governance principles
Types of activities
The main activities of AS “VEF Radiotehnika RRR” in 2019 were:
1. Real estate renting services;
2. Purchase acoustic systems and sale of their enclosures.
When compared with the previous reporting period, no new main activities have been included.
Operations of the Company during the reporting year
Reporting year results of the Company are the following:
Result before extraordinary items and taxes: (59 059) EUR
Net result: (59 059) EUR
In 2019, net turnover amounted to 51 835 EUR which is 66 % less when compared to 2018. The company's current assets exceed its shortterm liabilities by 92 310 EUR.
The financial statement of the company for the financial year 2019 is based on the principle of continuing operations.
The 2019 Company produced orders sent to customers to Italy.
Consequently, the management of the company considers that the company's financial statement for 2019 has been reasonably prepared for the purposes of applying the operations the principle of continuation.