In 2014 the Company was focusing on enhancing the effectiveness of its business. It has activated its wholesale business, tightened control over
RJR goods delivered to clients "for sale". The company has developed new business concepts and pricing policies for exchange operations (jewelry for gold) in workshop.
The Company closed its fiscal year with the results as follows:
2014 | 2013 | |
Result before extraordinary items and taxes is: | (143 490) | 51 592 |
Deferred tax | 17213 | (8 076) |
Real Property Tax: | (5 820) | (5 270) |
Net result: | (132 097) | 38 246 |
Net turnover for 01.01.2014- 31.12.2014 was equal to 566 590 EUR. It has decreased for 37,5 % compared with the previous accounting period.
2014 | 2013 | |
The company profitability: | ||
Kommercial profitability (%) | -26,59 | 4,22 |
Profitability of primary activity | 30,54 | 57,10 |
Finansial profitability (%): | ||
Fixed capital profitability (rendits) | -9,61 | 2,23 |
Fixed capital profitability (rendits) | -10,03 | 2,32 |
Likvidity coefficients: | ||
General likvidity | 34,97 | 39,99 |
General likvidity | 15,02 | 20,44 |
Full likvidity | 2,03 | 4,24 |
PROFIT or LOSS STATEMENT'S CALCULATIONS:
2014 (EUR) | 2013 (EUR) | |
1. Net turnover | 566 590 | 907 210 |
2. Manufacturing expenditures of sold products | -434 033 | -577 485 |
3. Gross profit or loss | 132 557 | 329 725 |
4. Selling expenses | -178 444 | -182 065 |
5. Administrative expenses | -148 581 | -159 588 |
6. Other operating revenue | 65 286 | 75 321 |
7. Other operating expenses | -14 308 | -11 801 |
8. Profit or loss before extraordinary items and taxes | -143 490 | 51 592 |
9. Profit or loss before taxation | -143 490 | 51 592 |
10. Deferred tax | 17 213 | -8 076 |
11. Other taxes | -5 820 | -5 270 |
12. Profit or loss in the reporting year | -132 097 | 38 246 |
13. Profit or loss per one stock in a year | -0,020 | 0,006 |
14. Profit or loss per one stock from the beginning | -0,794 | -0,775 |
In attachment:
1.JSC "Rīgas juvelierizstrādājumu rūpnīca" Audited Consolidated Annual Report 2014
2.Independent auditors' report
3. JSC "Rīgas juvelierizstrādājumu rūpnīca" Council’s Report
4.JSC "Rīgas juvelierizstrādājumu rūpnīca" Corporate Governance Report