Brivais vilnis
JSC ‘Brivais vilnis’ Unaudited Interim Report for 12 monts of 2014
DGAP-News: Brivais vilnis 2015-02-27 / 16:06 --------------------------------------------------------------------- In 12 months of 2014, the JSC 'Brivais vilnis' has been working with a net profit of 416 t. EUR. In the previous year the company worked with a profit of 612,9 t. EUR. Earnings of reporting period were 12 846 t. EUR, while the gross profit of 1 577 t. EUR. Salacgriva, Latvia, 2015-02-27 16:06 CET (GLOBE NEWSWIRE) -- Management Report February 27, 2015 Type of activities The types of activities performed by the JSC 'Brivais Vilnis' are processing and canning of fish and fish products, wholesale of food products and other commercial activities classified nowhere else. On May 14, 2002 the company was registered in the Common commercial register of the Republic of Latvia. Economic activities Year 2014 is the 23rd year of operation since the Company was transformed into a Joint Stock Company. In 2014 the Company produced a total of 22.5 million cans of various types (157) of fish products, including 10.0 million cans of sprat. 22.4 million cans were sold for EUR 12.8 million. The financial result of the year 2014 is profit of EUR 416 473. This profit is from economic activities of the Company. Net turnover of 2014 is EUR 12 846 thousand. Result of 2014 (EUR) 416 473 Gross profit of 2014 (EUR) 1 576 576 2014 2013 EUR EUR Net turnover 12 846 107 14 098 155 Cost of sales (11 269 540) (12 271 518) Gross profit (loss) 1 576 567 1 826 637 Distribution costs (223 870) (208 205) Administrative expenses (883 785) (829 443) Other operating income 367 217 293 590 Other operating expenses (268 007) (147 326) Interest receivable and similar income 150 382 39 539 Interest payable and similar expenses --------------------------------------------- (214 990) (219 872) Profit /(Loss) before taxes 503 514 754 920 Corporate income tax for the resporting year (66 801) (104 684) Other taxes(real estata tax) (20 240) (28 299) Profit / (Loss) for the reporting period --------------------------------------------- 416 473 621 937 Earnings(loss) per share 0,134 0,201 ASSETS 31.12. 31.12. 2014 2013 EUR EUR --------------------- NON-CURRENT ASSETS Intangible assets Projects, licences and similar expenses 685 5236 TOTAL 685 5236 Tangible assets Land, buildings and constructions 3 539 111 3 492 571 Equipment and machinery 343 855 315 353 Other fixtures and fittings, tools and equipment 148 007 135 566 Advance for tangible assets 165 90 948 TOTAL 4 031 138 4 034 438 --------------------- CURRENT ASSETS Inventories Raw materials 677 111 649 312 Finished goods and goods for resale 603 777 512 129 TOTAL 1 280 888 1 161 441 Receivables Trade receivables 3 247 866 2 779 395 Other receivables 154 377 203 501 Prepaid expenses 105 394 6 268 TOTAL 3 507 637 2 989 164 Cash 88 016 275 777 TOTAL CURRENT ASSETS 4 876 541 4 426 382 ----------------------------------------------------------------------- TOTAL ASSETS 8 908 364 8 466 055 LIABILITIES 31.12. 31.12. 2013 2012 EUR EUR EQUITY Share capital 4 339 230 4 410 120 Non-current assets revaluation reserve 2 130 791 2 161 448 Other reserves 70 890 Retained earnings brought forward (2 676 383) (3 298 326) for the period 416 473 621 937 TOTAL 4 281 001 3 895 179 PROVISIONS FOR LIABILITIES AND CHARGES Other provisions 141 097 130 682 TOTAL 141 097 130 682 ------------------------- LIABILITIES Non-current liabilities Loans from credit institutions 1 576 780 1 712 948 Other loans 246 437 246 437 Deferred corporate income tax liabilities 101 216 101 217 TOTAL 1 924 433 2 060 602 Current liabilities Loans from credit institutions 408 000 505 942 Other loans 45 602 219 438 Prepayments received from costumers 300 916 305 115 Trade payables 1 416 888 918 791 Taxes payable 141 629 179 746 Other liabilities 165 316 243 730 Defferred income 76 682 Accumulating compensated absences 6 800 6 830 TOTAL 2 561 833 2 379 592 TOTAL LIABILITIES 4 486 266 4 440 194 TOTAL EQUITY AND LIABILITIES 8 908 364 8 466 055 In 2014 the JSC 'Brivais vilnis' has obtained a number of new equipment for production of canned fish. We are a leader in product quality, we don't use genetically modified raw materials and synthetic food additives in production. In 2014 the JSC 'Brivais vilnis' continued to work on introduction of new type of packaging by experiments and tests in its laboratory. In 2015 the Company will start export of the new product with the transparent lid to Finland. We will continue to work on development of new export markets. Taking into account deterioration of economic situation in Russia and other CIS countries, development of new export markets has been set as a priority. Arnolds Babris Chairman of the Board News Source: NASDAQ OMX --------------------------------------------------------------------- 2015-02-27 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Brivais vilnis Latvia ISIN: LV0000100824 End of News DGAP News-Service --------------------------------------------------------------------- 328195 2015-02-27
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