Based on Nasdag Riga regulations "On the financial instruments to trade and exchange regulated markets" 14.8.4. the requirements of JSC "VEF Radiotehnika RRR" explains that compared to 2016 the audited results of the review by JSC "VEF Radiotehnika RRR" previously expressed expectations for the planned loss, confirming the 2016 budget, there are detectable difference more than 10% since the 2016th of JSC "VEF Radiotehnika RRR" actual losses amounted to 1,004,681 euros, an increase of 13.50% larger than previously planned.
JSC "VEF Radiotehnika RRR" management explains that the main reason for the increase of losses of 2016 was in addition to the provisions made for doubtful receivables.
Chief Accountant
Olga Romaņko