Jaunpils, 2018-03-26 15:46 CEST (GLOBE NEWSWIRE) -- The Company’s revenue in 2017 amounts to EUR 891,912, it is 2.9% less than in 2016. The Company’s loss after tax for the year is EUR 38,149.
In the reporting year, the Company received subsidies from the state and EU in the amount EUR 92,681. Funds received breed animals maintenance and EU payments area.
In 2017 the Company purchased property, plant and equipment in the total of EUR 25,454, including: two cars EUR 11,389, bought food storage container for boars for EUR 3,160, purchased computer equipment for EUR 3,883 and other fixed assets for EUR 3,262, as well as finished recunstruction of the drainage system in a 31 ha plot of land for EUR 12,500, in order to improve biosecurity measures.
Revenue for 2017 in the amount of EUR 7,394 applies to co-financing from the EU Structural Funds.
STATEMENT OF PROFIT AND LOSS
| Note | 2017 | 2016 Restated* | ||
| EUR | EUR | |||
| 1 | Revenue | 22 | 891,912 | 918,157 |
| a) from agricultural activity | 793,395 | 814,634 | ||
| b) from other type of economic activities | 98,517 | 103,523 | ||
|
2 |
Cost of sale |
23 | (504,306) | (496,400) |
| 3 | Gross profit | 387,606 | 421,757 | |
| 4 | Distribution costs | 24 | (275,810) | (194,435) |
| 5 | Administrative expenses | 25 | (206,940) | (207,682) |
| 6 | Other operating income | 26 | 57,176 | 63,007 |
| 7 | Other operating expenses | 27 | (181) | (906) |
| 9 | Interest payable and similar expenses: | |||
| a) to other persons | - | (96) | ||
| 10 | Profit or loss before tax | (38,149) | 81,645 | |
| 11 | Corporate income tax | - | - | |
| 12 | Profit or loss for the year | (38,149) | 81,645 | |
| 13 | Profit (loss) per share (EPS) | (0.044) | 0.093 |
Board of SC Kurzemes ciltslietu un mākslīgās
apsēklošanas stacija
