1
AS “R
ĪGAS KUĢU BŪVĒTAVA
Financial information of three months of the year 2022
AS RĪGAS KUĢU BŪVĒTAVAREPORT OF THREE MONTHS OF YEAR 2022
Gāles iela 2, Rīga, LV–1015, Latvia, unified registration number 40003045892
2
CONTENT
PAGE
GENERAL INFORMATION
3
STATEMENT OF MANAGEMENT RESPONSIBILITIES
4
FINANCIAL INFORMATION :
INCOME STATEMENT
5
BALANCE SHEET
6-7
STATEMENT OF CHANGES IN EQUITY
8
CASH FLOW STATEMENT
9
AS RĪGAS KUĢU BŪVĒTAVAREPORT OF THREE MONTHS OF YEAR 2022
Gāles iela 2, Rīga, LV–1015, Latvia, unified registration number 40003045892
3
Information about the company
Name of the company
AS Rīgas kuģu būvētava
Legal status of the company
Joint Stock Company
Number, venue and date of registration
40003045892, 5 December 1991, Companies register, Riga
Registered with the Commercial Register
26 August 2004, Riga
Address
Gāles iela 2, Rīga, LV-1015
Main types of operations of the company
Building of ships and floating structures, NACE2 30.11
Board
Member of the Board
Einārs Buks, holding the position from 18.08.2017
right of representation jointly with one Member of the Board
Member of the Board
Deniss Parfens, holding the position from 07.01.2021
right of representation jointly with one Member of the Board
Council
As from 07.01.2021
Chairman of the Council
Deputy Chairman of the Council
Member of the Council
Member of the Council
Member of the Council
Vasilijs Meļņiks
Aleksandrs Čerņavskis
Larisa Artemenko
Gahrams Guseinovs
Sandis Strods
Annual Report prepared byChief AccountantElina Treija
Reporting period:
1 January 2022 - 31 march 2022
Previous financial period
1 January 2021 - 31 march 2021
AS RĪGAS KUĢU BŪVĒTAVAREPORT OF THREE MONTHS OF YEAR 2022
Gāles iela 2, Rīga, LV–1015, Latvia, unified registration number 40003045892
4
STATEMENT OF MANAGEMENT RESPONSIBILITIES
The management of Rīgas kuģu būvētava AS (the Company) is responsible for preparation of the
financial statements.
The financial statements are prepared in accordance with the source documents and present fairly the
financial position of the Company as of 31 March 2022 and the results of its operations and cash flows for
the period then ended. The management confirms that appropriate accounting policies have been used
and applied consistently, and reasonable and prudent judgements and estimates have been made in the
preparation of the financial statements.
The management also confirms that the requirements of the legislation of the Republic of Latvia have
been complied with and that the financial statements have been prepared on a going concern basis.
The management of the Company is also responsible for keeping proper accounting records, for taking
reasonable steps to safeguard the assets of the Company and to prevent and detect fraud and other
irregularities.
On behalf of the management:
Einars Buks
(Member of the Board)
Riga, on 30 May, 2022
AS RĪGAS KUĢU BŪVĒTAVAREPORT OF THREE MONTHS OF YEAR 2022
Gāles iela 2, Rīga, LV–1015, Latvia, unified registration number 40003045892
5
PROFIT OR LOSS STATEMENT FOR THE PERIOD ENDED 31 MARCH 2022
Net sales
3 months 2022
Eur
240 201
from agriculture operations
from other types of core activities
Production costs of sold products, purchase costs
of sold goods or provided services
240 201
(314 866)
3 months 2021
Eur
523 971
-
523 971
(544 562)
Gross profit or losses
Distribution expenses
Administrative expenses
Other operating income
Other operating expenses
Interest and similar income
from subsidiaries or associated companies
from other companies
Interest and similar expenses
from subsidiaries or associated companies
from other companies
Profit or loss before the corporate income tax
(74 665)
-
(10 697)
-
(41 774)
413
-
413
(9 822)
-
(9 822)
(136 545)
(20 590)
-
(43 491)
16 918
(20 415)
2 434
-
2 434
(6 239)
-
(6 239)
(71 385)
Corporate income tax
Profit or loss before assessment of the
corporate income tax
(136 545)
(71 385)
Revenue or costs from the change of the balance
of the deferred tax assets or liabilities
-
-
Extraordinary dividends
-
-
Net profit or losses
(136 545)
(71 385)
Board Member
__________________
Einārs Buks
Annual Report prepared by Chief Accountant
_________________
Elina Treija
30 May 2022
AS RĪGAS KUĢU BŪVĒTAVAREPORT OF THREE MONTHS OF YEAR 2022
Gāles iela 2, Rīga, LV–1015, Latvia, unified registration number 40003045892
6
BALANCE SHEET AS OF 31 MARCH 2022
ASSETS
31.03.2022
Eur
31.12.2021
Eur
Long-term investment
I Intangible investments
Development costs
Total intangible investment
-
-
-
-
II Fixed assets
Real estate
3 689 774
3 689 774
-
3 711 819
3 711 819
-
land plots, buildings and engineering constructions
investment properties
Technological equipment and machinery
Other fixed assets and inventory
Total fixed assets
3 499 650
7 189 424
3 523 218
7 235 037
III Long-term financial investment
Other securities and investment
Other loans and other long-term debtors
Total long-term financial investment
235
154 483
154 718
235
154 483
154 718
7 344 142
7 389 755
Total long-term investment
Current assets
I Inventories
Raw materials, core materials and auxiliary materials
Advance payments for reserves
Total provisions
107 525
87 391
194 916
107 525
31 748
139 273
581 024
681 228
117 425
II Receivables
Trade receivables
Other receivables
Costs of future periods
Accrued income
Total receivables
1 379 677
756 822
755 881
805
7 713
1 521 221
III Short-term financial investment
Participation on capital of related companies
Total short-term financial investment:
-
-
IV Cash
1 915 862
8 954
Total current assets
3 490 455
1 669 448
Total Assets
10 834 597
9 059 203
Board Member
__________________
Einārs Buks
Chief Accountant
_________________
Elina Treija
30 May 2022
AS RĪGAS KUĢU BŪVĒTAVAREPORT OF THREE MONTHS OF YEAR 2022
Gāles iela 2, Rīga, LV–1015, Latvia, unified registration number 40003045892
7
BALANCE SHEET AS OF 31 MARCH 2022
LIABILITIES
Owners equity
31.03.2022
Eur
31.12.2021
Eur
Share capital (fixed capital)
Long-term investment revaluation reserve
16 340 950
237 921
16 340 950
237 921
266 962
266 962
Reserves:
Other reserves
Retained profit
Undistributed profit or uncovered loss of the preceding
years
(15 701 860)
(15 416 322)
(136 545)
(15 838 405)
1 007 428
(285 538)
(15 701 860)
1 143 973
58 781
58 781
58 781
58 781
Report year retained profit or loss
Total retained profit
Total equity capital
Provisions
Other provisions
Total provisions
Accounts payable
I Long-term creditors
Other loans
Debts to suppliers and contractors
Revenue of future periods
Total long-term creditors
2 443 594
1 541 671
487 937
4 473 202
2 465 830
1 541 671
487 937
4 495 438
II Short-term creditors
Loans from credit institutions
Other loans
Advances from customers
Debts to suppliers and contractors
Taxes and state social insurance contributions
Other accounts payable
Revenue of future periods
Unpaid dividends
Accrued liabilities
Total short-term accounts payable
705 367
2 447 431
1 078 949
675 146
187 875
103 819
11 746
84 853
5 295 186
683 871
437 000
1 173 856
617 389
185 038
97 166
11 746
154 945
3 361 011
Total creditors
9 768 388
7 856 449
Total liabilities
10 834 597
9 059 203
Board Member
__________________
Einārs Buks
Chief Accountant
_________________
Elina Treija
30 May 2022
AS RĪGAS KUĢU BŪVĒTAVAREPORT OF THREE MONTHS OF YEAR 2022
Gāles iela 2, Rīga, LV–1015, Latvia, unified registration number 40003045892
8
STATEMENT OF CHANGES IN EQUITY FOR THE PERIOD ENDED 31 MARCH 2022
3 month 2022
EUR
Share capital
Opening balance
Closing balance
16 340 950
16 340 950
237 921
Long-term investment revaluation reserve
Opening balance
Prior year adjustments
Closing balance
237 921
Reserves
Opening balance
Closing balance
266 962
266 962
Retained earnings
Opening balance
Increase/decrease in retained earnings
Closing balance
(15 701 860)
(136 545)
(15 838 405)
Equity
Opening balance
Closing balance
1 143 973
1 007 428
Board Member
__________________
Einārs Buks
Chief Accountant
_________________
Elina Treija
30 May 2022
AS RĪGAS KUĢU BŪVĒTAVAREPORT OF THREE MONTHS OF YEAR 2022
Gāles iela 2, Rīga, LV–1015, Latvia, unified registration number 40003045892
9
CASH FLOW STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022
3 months 2022
I. Cash flow from operating activities
Eur
(136 545)
47 199
-
32 059
(47 287)
Profit or losses before taxes
Adjustments for:
depreciation of fixed and intangible assets
write-off of long-term financial investments
interest expenses
Cash flow prior to changes in current assets and liabilities
Adjustments for:
Inventory (increase)/decrease
141 544
(55 643)
1 890 443
1 919 057
(9 822)
Account receivable (increase)/decrease
Account payable increase/(decrease)
Gross cash flow generated from operating activities
Cash flow from extraordinary items
Corporate income tax paid
Net cash flow generated from operating activities
1 909 235
(1 587)
II. Cash flow from investing activities
Acquisition of fixed and intangible assets
Proceeds from sales of fixed assets
Loans issued
Net cash flow generated from investing activities
(1 587)
21 496
III. Cash flow from financing activities
Loans received
Loans repaid
Interest paid
Net cash flow generated from financing activities
(22 236)
(740)
IV. Net foreign exchange gains/losses
V. Net increase / (decrease) in cash and cash equivalents
1 906 908
VI. Cash and cash equivalents at the beginning of the financial year
8 954
VII. Cash and Cash equivalents at the end of the financial year
1 915 862
Board Member
__________________
Einārs Buks
Chief Accountant
_________________
Elina Treija
30 May 2022