Principal activities
The main activities of AS “VEF Radiotehnika RRR” in 2016 were:
1. Real estate renting services;
2. Purchase and sales of acoustic systems and their enclosures.
New types of activities have not been performed. In the future it is planned to restore acoustic systems development, organization of production and sales.
Operations of the Company during the reporting year
Reporting year results of the Company are the following:
Result before extraordinary items and taxes: (1 004 681) EUR
Net result: (1 004 681) EUR
Net turnover in 2016 was EUR 979 652, and it has increased by 21,79% compared to 2015. As at 31 December 2016 the Company's current liabilities significantly exceed its current assets the same as it was in previous year.
Correction: Added Independent auditors review and English translations
