JSC "Riga electric machinery factory" consolidated financial report for 12 months of the year 2014 (non-audited)


Net turnover of the Holding Company  accounted for EUR 33764 897, which is 99.25 % when compared with the data of 2013.

Taking into consideration adverse effect due to drop of Russian Ruble rate in relation to Euro(RUB/EUR) the Holding Company   has concluded the financial year 2014 with profit amounting to EUR 852 358  before tax and profit amounting to EUR 657 491  after tax.

CONSOLIDATED COMPREHENSIVE INCOME STATEMENT FOR THE YEAR 2014

No. Items Note 31.12.14.
EUR
31.12.13.
EUR
1 Net turnover 1 33764897 34021150
2 Production costs of the goods sold 2 (28523513) (26024924)
3 Gross profit or loss   5241384 7996226
4 Selling expenses 3 (841630) (754713)
5 Administration expenses 4 (2964946) (3118838)
6 Other operating income 5 861961 1182086
7 Other operating expenses 6 (1010616) (1206362)
8 Other interest income and similar income   28 145
9 Other interest payments and similar expenses 7 (433823) (427720)
10 Profit or loss before extraordinary items and taxes   852358 3670824
11 Profit or loss before tax   852358 3670824
12 Corporate income tax     (226769)
13 Retained corporate income tax   (58095) (22248)
14 Other taxes 8 (136772) (130298)
15 Profit or loss of the accounting period   657491 3291509

 

Earnings per share 0.11 0.57

 

         Sergejs Popovs,
         Sergej.popov@rer.lv,
         m.t. +371 29628449


Attachments

consolidated annual report for 12 months of the year 2014.pdf