JSC "VEF Radiotehnika RRR" 2012, 12 month audited financial report.
Based on the Rules of the Exchange "The financial instruments to trading on regulated exchange markets" 14.8.4. the requirements of JSC "VEF Radiotehnika RRR" explains that compared to 2012, the audited financial statements with the results of JSC "VEF Radiotehnika RRR" above predictions for the expected loss, confirming the 2012 budget, there are detectable difference of 10% in 2012 ., JSC "VEF Radiotehnika RRR" actual losses amounted to 491 683, - EUR, an increase of 185.7% greater than pre-planned.
2012th was a challenging year for serious JSC "VEF Radiotehnika RRR" when its earlier decision to make a significant adjustment of previous year results.
Given this, JSC "VEF Radiotehnika RRR" Management explained that the main reasons for the loss of 2012 increases were as follows:
- Raw materials and consumables were recorded at the lowest market prices;
- Was lost receivables written off and provisions was made for doubtful debts.
impairments
Chief Accountant
Olga Romanko