Kalvenes street 27, Aizpute, LV-3456, Latvia, 2016-03-24 15:04 CET (GLOBE NEWSWIRE) --
The action type of the Joint Stock Company “KURZEMES ATSLEGA 1” during 2015 has not changed in comparison with previous periods of time: door locks, ironware, furniture fittings, forged products, building structures, production tools etc. are still being produced and services of galvanization provided.
The fixed capital of the JSC “KURZEMES ATSLEGA 1” is 1 285 401 EUR. In 2015 net turnover reached 1 865 956 EUR, profit 493 EUR.
Profit per stock 31.12.2015. 0.001 EUR
Profit per stock 31.12.2014. 0.02 EUR
Net turnover of 2015 compared with 2014 has reduced by 197 119 EUR, what makes 9.6% of turnover of the 2014. Export has reduced by 19.6 %. The main export markets EU are Lithuania and Estonia. Deliveries to Belize are terminated, declined demands in Uzbekistan.
Volume of sold production in 2015 divides as follows:
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sold in local market (Latvia) – 56.8%,
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EU deliveries 30.6%
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export - 12.6%
The volume of sold production in 2014 divided as follows:
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sold in local market (Latvia) – 51.4%,
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EU deliveries 26.6%
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export - 22%
PROFIT AND LOSS ACCOUNT
| Item | 31.12.2015. | 31.12.2014. |
| EUR | EUR | |
| Net sales | 1865956 | 2063075 |
| Cost of sales | 1728414 | 1920239 |
| Gross profit | 137542 | 142836 |
| Distribution expenses | 37131 | 52821 |
| Administration expenses | 91819 | 74878 |
| Other operating income | 20970 | 39449 |
| Other operating expenses | 21378 | 22856 |
| Operating profit | 8184 | 31730 |
| Income from other interest and similar incomes | 0 | 0 |
| Interest paid and similar expense | 1330 | 1406 |
| Profit before tax | 6854 | 30324 |
| Deferred tax income | 1675 | 1124 |
| Other taxes | -5226 | -5304 |
| Enterprise income tax | -2810 | -862 |
| Net profit for the year | 493 | 25282 |
Please find in attachment:
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JSC “KURZEMES ATSLEGA 1” Annual Report 2015 audited
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Auditors Report 2015
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Corporate Governance Report 2015
The Board of JSC “KURZEMES ATSLEGA 1”
Irena Burve
Chief accountant
A/S Kurzemes Atslega-1
Kalvenes street 27
Aizpute, LV-3456
Latvia
Tel.: +371 63448075
Mob.: +371 26422198
E-mail: gramatv@ka1.lv
