1
E
D
S LI
N
E REFERE
N
CES:
3
.
3
.
3
.
A
SSET ITEMS o
t
h
e
r
4
.
5
.
8
.
E
QU
IT
Y
AN
D
LI
A
B
ILITIES
ITEMS o
t
h
e
r
1.4
→
This text must be copied into EDS in the specified line:
“The derivation of the annual financial statements in
electronic form entered into the electronic declaration system (EDS) corresponds to the full annual financial statements
prepared by the company in terms of provided information content, however, information is provided in a different
sectional view in the EDS attachment, it does not comprise completely all information included in the notes to the annual
financial statements and, therefore, the information provided in EDS is not directly comparable with the financial
statements information included in the full annual financial statements, which have been audited by a certified auditor
and for which a certified auditor’s report has been given.
Please see the full annual financial statements for 2021 of the company along with the certified auditor’s report on the
financial statements comprised by the annual financial statements in scanned form in the enclosed attachment.”
A
S
“R
ī
gas kuģu bū
vē
t
a
v
a
”
A
nnua
l
r
e
po
r
t
fo
r
2021
R
i
ga
, 2022
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
Addr
e
ss:
G
ā
l
e
s i
e
l
a
2, Ri
g
a
, LV
-
1015
R
e
g
is
t
r
a
t
ion numb
e
r: 40003045892
A
NNU
AL RE
PO
RT
For
t
h
e
p
e
riod: 01.01.2021 – 31.12.2021
2
Tab
l
e
of Con
t
e
n
t
s
P
a
g
e
In
f
orm
a
t
ion
a
bou
t
t
h
e
Comp
a
n
y
3
M
a
n
a
g
e
m
e
n
t
R
e
por
t
4
S
t
a
t
e
m
e
n
t
o
f
M
a
n
a
g
e
m
e
n
t
’s R
e
sponsibili
t
y
8
Corpor
a
t
e
G
o
v
e
rn
a
nc
e
R
e
por
t
9
P
ro
f
i
t
a
nd Loss S
t
a
t
e
m
e
n
t
10
B
a
l
a
nc
e
Sh
ee
t
11
S
t
a
t
e
m
e
n
t
o
f
Ch
a
n
g
e
s in Equi
t
y
13
C
a
sh Flow S
t
a
t
e
m
e
n
t
14
N
o
t
e
s15
Audi
t
or’s R
e
por
t
36
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
Addr
e
ss:
G
ā
l
e
s i
e
l
a
2, Ri
g
a
, LV
-
1015
R
e
g
is
t
r
a
t
ion numb
e
r: 40003045892
A
NNU
AL RE
PO
RT
For
t
h
e
p
e
riod: 01.01.2021 – 31.12.2021
3
In
f
orm
a
t
ion
a
bou
t
t
h
e
Comp
a
n
y
N
a
m
e
o
f
t
h
e
comp
a
n
y
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
L
e
g
a
l s
t
a
t
us o
f
t
h
e
comp
a
n
y
Join
t
S
t
oc
k
Comp
a
n
y
R
e
g
is
t
r
a
t
ion numb
e
r, pl
a
c
e
a
nd d
a
t
e
40003045892, Ri
g
a
, 5
D
e
c
e
mb
e
r 1991
R
e
g
is
t
e
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e
d in
t
h
e
Comm
e
rci
a
l R
e
g
is
t
e
r
26 Au
g
us
t
2004, Ri
g
a
Addr
e
ss
G
ā
l
e
s i
e
l
a
2, Ri
g
a
, LV
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1015
M
a
in
t
y
p
e
s o
f
a
c
t
i
v
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t
y
o
f
t
h
e
comp
a
n
y
L
ea
sin
g
a
nd m
a
n
a
g
in
g
own
e
d or r
e
n
t
e
d r
ea
l
e
s
t
a
t
e
,
N
ACE2 68.20
Buildin
g
o
f
ships
a
nd
f
lo
a
t
in
g
s
t
ruc
t
ur
e
s,
N
ACE2
30.11
Bo
a
rd
(
1
.
8
.
5
.
2
)
M
e
mb
e
r o
f
t
h
e
Bo
a
rd
M
e
mb
e
r o
f
t
h
e
Bo
a
rd
Ein
ā
rs Bu
k
s, in o
ff
ic
e
f
rom 18.08.2017, r
e
pr
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s
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n
t
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t
ion
ri
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t
s coll
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M
e
mb
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f
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Bo
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rd
D
e
nnis
P
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r
f
e
ns, in o
ff
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e
f
rom 07.01.2021,
r
e
pr
e
s
e
n
t
a
t
ion ri
g
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t
s coll
e
c
t
i
v
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t
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e
m
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mb
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Council
(
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1
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)
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M
e
mb
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f
t
h
e
Council
V
a
sili
j
s M
e
ļņi
k
s, in o
ff
ic
e
f
rom 26.05.2014
Al
e
k
s
a
ndrs Č
e
rņ
a
v
s
k
is, in o
ff
ic
e
f
rom 26.05.2014
G
a
idis Andr
e
j
s Z
e
ibo
t
s, in o
ff
ic
e
f
rom 05.06.2009
t
o
07.01.2021
L
a
ris
a
Ar
t
e
m
e
n
k
o, in o
ff
ic
e
f
rom 07.01.2021
G
a
hr
a
m
a
ns
G
us
e
ino
v
s, in o
ff
ic
e
f
rom 07.01.2021
S
a
ndis S
t
rods, in o
ff
ic
e
f
rom 07.01.2021
Annu
a
l r
e
por
t
pr
e
p
a
r
e
d b
y
Chi
e
f
a
ccoun
t
a
n
t
Elīn
a
Tr
e
i
j
a
R
e
por
t
in
g
y
ea
r
1 J
a
nu
a
r
y
– 31
D
e
c
e
mb
e
r 2021
Audi
t
or’s n
a
m
e
a
nd
a
ddr
e
ss
SIA
(
limi
t
e
d li
a
bili
t
y
comp
a
n
y)
“
S
a
ndr
a
D
z
e
r
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l
e
un
P
a
r
t
n
e
ris
”
comm
e
rci
a
l comp
a
n
y
o
f
sworn
a
udi
t
ors,
Lic
e
nc
e
N
o. 38.
R
e
g
is
t
e
r
e
d o
ff
ic
e
: Vil
a
nd
e
s S
t
r
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t
7
-
1,
Ri
g
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, LV
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1010
Sworn Audi
t
or in Ch
a
r
g
e
B
a
ib
a
Apin
e
C
e
r
t
i
f
ic
a
t
e
N
o.214.
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
Addr
e
ss:
G
ā
l
e
s i
e
l
a
2, Ri
g
a
, LV
-
1015
R
e
g
is
t
r
a
t
ion numb
e
r: 40003045892
A
NNU
AL RE
PO
RT
For
t
h
e
p
e
riod: 01.01.2021 – 31.12.2021
4
A
S
“R
ī
gas kuģu būv
ē
t
ava
”
Manag
e
m
e
n
t
R
e
po
r
t
O
THE
R
DO
C
U
ME
N
T
S
t
o
t
h
e
A
nnua
l
Ac
t
i
v
i
t
y
R
e
po
r
t
fo
r
2021
A
b
o
ut th
e
c
o
mpan
y
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
, h
e
r
e
in
a
f
t
e
r r
e
f
e
rr
e
d
t
o
a
s
t
h
e
Comp
a
n
y
, w
a
s
e
s
t
a
blish
e
d mor
e
t
h
a
n 100
y
ea
rs
a
g
o
a
nd is on
e
o
f
t
h
e
ship
y
a
rds in
t
h
e
B
a
l
t
ic S
ea
r
e
g
ion
t
h
a
t
p
e
r
f
orms ship r
e
p
a
irs, shipbuildin
g
a
nd pro
v
id
e
s o
t
h
e
r s
e
r
v
ic
e
s.
Th
e
comp
a
n
y
op
e
r
a
t
e
s
a
nd p
e
r
f
orms produc
t
ion proc
e
dur
e
s in
a
ccord
a
nc
e
wi
t
h
t
h
e
in
t
e
rn
a
t
ion
a
l qu
a
li
t
y
con
t
rol s
t
a
nd
a
rds – IS
O
9001:2015, IS
O
14001:2015
a
nd IS
O
45001:2018.
F
i
nan
ci
a
l
p
e
rf
o
rman
c
e
r
e
su
l
ts and f
i
nan
ci
a
l
stand
i
ng
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
clos
e
d 2021 wi
t
h
a
n
e
g
a
t
i
v
e
op
e
r
a
t
in
g
r
e
sul
t
or loss
o
f
E
U
R 285,538, which d
e
cr
ea
s
e
d b
y
mor
e
t
h
a
n 35
t
im
e
s comp
a
r
e
d
t
o 2020.
In 2021, ch
a
n
g
in
g
m
a
r
k
e
t
condi
t
ions h
a
v
e
incr
ea
s
e
d d
e
m
a
nd
f
or
t
h
e
us
e
o
f
t
h
e
Comp
a
n
y
’s own
e
d
a
nd r
e
n
t
e
d
a
ss
e
t
s
a
nd
t
h
e
Comp
a
n
y
h
a
s
t
h
e
r
e
f
or
e
f
ocus
e
d i
t
s
a
c
t
i
v
i
t
i
e
s on
t
h
e
m
a
n
a
g
e
m
e
n
t
a
nd l
ea
sin
g
o
f
own
e
d
a
nd r
e
n
t
e
d r
ea
l
e
s
t
a
t
e
(N
ACE2 68.20
)
a
nd
t
h
e
a
nnu
a
l r
e
por
t
includ
e
s in op
e
r
a
t
in
g
r
e
v
e
nu
e
s bo
t
h
incom
e
f
rom ship r
e
p
a
irs
a
nd prop
e
r
t
y
m
a
n
a
g
e
m
e
n
t
.
N
e
t
t
urno
v
e
r
f
rom
op
e
r
a
t
ions in 2021 w
a
s E
U
R 2,095,882, which incr
ea
s
e
d b
y
17
%
comp
a
r
e
d
t
o
2020.
O
n
e
o
f
t
h
e
f
a
c
t
ors in
f
lu
e
ncin
g
t
h
e
incr
ea
s
e
is
t
h
a
t
in 2021 AS
“
Rī
g
a
s
k
u
ģ
u
bū
v
ē
t
a
v
a
”
a
g
r
ee
d wi
t
h s
e
v
e
r
a
l shippin
g
comp
a
ni
e
s on
t
h
e
p
e
r
f
orm
a
nc
e
o
f
ship
r
e
p
a
irs, which w
e
r
e
a
lso succ
e
ss
f
ull
y
impl
e
m
e
n
t
e
d. In
t
h
e
r
e
por
t
in
g
y
ea
r,
t
h
e
m
a
in cus
t
om
e
rs w
e
r
e
comp
a
ni
e
s
f
rom
G
e
rm
a
n
y
, Finl
a
nd, B
e
l
g
ium
a
nd L
a
t
v
i
a
. Th
e
t
o
t
a
l
a
ss
e
t
s o
f
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
a
t
t
h
e
e
nd o
f
2021, comp
a
r
e
d
t
o
t
h
e
b
e
g
innin
g
o
f
t
h
e
y
ea
r, incr
ea
s
e
d insi
g
ni
f
ic
a
n
t
l
y
t
o E
U
R 9,059,203. In 2021,
t
h
e
a
moun
t
o
f
t
h
e
Comp
a
n
y
’s
t
o
t
a
l li
a
bili
t
i
e
s h
a
s incr
ea
s
e
d b
y
5
%
, whil
e
e
qui
t
y
h
a
s
d
e
cr
ea
s
e
d b
y
20
%
a
nd
a
t
t
h
e
e
nd o
f
t
h
e
r
e
por
t
in
g
p
e
riod i
t
w
a
s E
U
R
1,143,973.
O
n 16 Au
g
us
t
2019,
t
h
e
Ri
g
a
Ci
t
y
Vid
z
e
m
e
Suburb Cour
t
a
ppro
v
e
d
t
h
e
pl
a
n o
f
m
ea
sur
e
s
f
or
t
h
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Comp
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n
y
’s l
e
g
a
l pro
t
e
c
t
ion proc
ee
din
g
s
(
h
e
r
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in
a
f
t
e
r r
e
f
e
rr
e
d
t
o
a
s
L
PP)
. Accordin
g
t
o
t
h
e
a
ppro
v
e
d L
PP
pl
a
n o
f
m
ea
sur
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s,
t
h
e
f
ul
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n
t
o
f
t
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f
in
a
nci
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l obli
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a
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t
o
t
h
e
s
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cur
e
d cr
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di
t
ors w
a
s d
e
t
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rmin
e
d wi
t
hin si
x
mon
t
hs,
a
nd
t
o
t
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uns
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cur
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ors – wi
t
hin
t
w
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n
t
y-f
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t
hs
f
rom
t
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ppro
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f
t
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L
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pl
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n o
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m
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s.
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e
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g
t
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f
a
c
t
t
h
a
t
in L
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t
v
i
a
a
nd
e
ls
e
wh
e
r
e
in
t
h
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world
t
h
e
prohibi
t
ions
a
nd
r
e
s
t
ric
t
ions s
e
t
in conn
e
c
t
ion wi
t
h
t
h
e
r
e
s
t
ric
t
ion o
f
t
h
e
spr
ea
d o
f
Co
v
id
-
19 w
e
r
e
in
t
roduc
e
d in 2020,
t
h
e
Comp
a
n
y
w
a
s un
a
bl
e
t
o r
e
sum
e
i
t
s
e
conomic
a
c
t
i
v
i
t
y
t
o
t
h
e
e
x
t
e
n
t
pro
v
id
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d
f
or in
t
h
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L
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pl
a
n o
f
m
ea
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s,
t
h
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r
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f
or
e
t
h
e
Comp
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n
y
d
e
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lop
e
d
a
m
e
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e
n
t
s
t
o
t
h
e
L
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pl
a
n o
f
m
ea
sur
e
s.
O
n 15 M
a
y
2020,
t
h
e
Ri
g
a
Ci
t
y
Vid
z
e
m
e
Suburb Cour
t
d
e
cid
e
d
t
o
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v
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a
m
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n
t
s
t
o
t
h
e
pl
a
n o
f
m
ea
sur
e
s o
f
t
h
e
Comp
a
n
y
’s l
e
g
a
l pro
t
e
c
t
ion proc
ee
din
g
s
a
nd
t
o s
e
t
t
h
e
t
e
rm
f
or
t
h
e
impl
e
m
e
n
t
a
t
ion o
f
t
h
e
Comp
a
n
y
’s l
e
g
a
l pro
t
e
c
t
ion proc
ee
din
g
s
a
t
4
(f
our
)
y
ea
rs, s
t
a
r
t
in
g
f
rom 16 Au
g
us
t
2019. A
t
t
h
e
e
nd o
f
2020, wi
t
h
t
h
e
con
t
inu
a
t
ion o
f
t
h
e
b
a
ns
a
nd r
e
s
t
ric
t
ions impos
e
d in conn
e
c
t
ion wi
t
h
t
h
e
r
e
s
t
ric
t
ion o
f
t
h
e
spr
ea
d o
f
Co
v
id
-
19,
t
h
e
Comp
a
n
y
r
e
p
ea
t
e
dl
y
d
e
v
e
lop
e
d
a
m
e
ndm
e
n
t
s
t
o
t
h
e
L
PP
pl
a
n o
f
m
ea
sur
e
s.
O
n 25 J
a
nu
a
r
y
2021,
t
h
e
Ri
g
a
Ci
t
y
Vid
z
e
m
e
Suburb Cour
t
a
ppro
v
e
d n
e
w
a
m
e
ndm
e
n
t
s
t
o
t
h
e
pl
a
n o
f
m
ea
sur
e
s o
f
t
h
e
l
e
g
a
l pro
t
e
c
t
ion proc
ee
din
g
s o
f
t
h
e
Comp
a
n
y
a
nd s
e
t
t
h
e
t
e
rm
f
or impl
e
m
e
n
t
a
t
ion o
f
t
h
e
l
e
g
a
l pro
t
e
c
t
ion proc
ee
din
g
s
f
or
t
h
e
Comp
a
n
y
a
t
5
(f
i
v
e
)
y
ea
rs, s
t
a
r
t
in
g
f
rom
16 Au
g
us
t
2019, wh
e
r
ea
s on 17 S
e
p
t
e
mb
e
r 2021,
t
h
e
Ri
g
a
Ci
t
y
Vid
z
e
m
e
Suburb
Cour
t
a
ppro
v
e
d n
e
w
a
m
e
ndm
e
n
t
s
t
o
t
h
e
pl
a
n o
f
m
ea
sur
e
s o
f
t
h
e
l
e
g
a
l pro
t
e
c
t
ion
proc
ee
din
g
s o
f
t
h
e
Comp
a
n
y
, which
a
llow
f
or
a
10
%
r
e
duc
t
ion in p
a
y
m
e
n
t
obli
g
a
t
ions
(
princip
a
l cl
a
ims
)
t
o
t
h
e
Comp
a
n
y
’s cr
e
di
t
ors in
t
h
e
e
v
e
n
t
o
f
a
succ
e
ss
f
ul
ou
t
com
e
o
f
t
h
e
L
PP
. As
a
pr
e
c
a
u
t
ion
a
r
y
m
ea
sur
e
,
t
h
e
Comp
a
n
y
will r
e
f
l
e
c
t
t
h
e
d
e
cr
ea
s
e
in li
a
bili
t
i
e
s in
t
h
e
f
in
a
nci
a
l d
a
t
a
a
t
t
h
e
e
nd o
f
t
h
e
L
PP
.
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
Addr
e
ss:
G
ā
l
e
s i
e
l
a
2, Ri
g
a
, LV
-
1015
R
e
g
is
t
r
a
t
ion numb
e
r: 40003045892
A
NNU
AL RE
PO
RT
For
t
h
e
p
e
riod: 01.01.2021 – 31.12.2021
5
C
o
mpan
y
’s ba
l
an
c
e
sh
ee
t
i
t
e
ms202120202019
E
U
RE
U
R E
U
R
Curr
e
n
t
a
ss
e
t
s1,669,4481,197,8463,578,830
To
t
a
l
a
ss
e
t
s9,059,203 8,946,860 18,904,572
Equi
t
y
1,143,9731,434,818 11,243,925
Shor
t
-
t
e
rm li
a
bili
t
i
e
s 3,361,011 1,780,3225,482,965
To
t
a
l li
a
bili
t
i
e
s7,856,4497,453,261 7,660,647
P
r
o
f
i
t and
l
o
ss stat
e
m
e
nt
i
t
e
ms
o
f th
e
c
o
mpan
y
N
e
t
t
urno
v
e
r2,095,882
G
ross pro
f
i
t
or loss
(
82,364
)
P
ro
f
i
t
or loss
f
or
t
h
e
r
e
por
t
in
g
p
e
riod
(
285,538
)
1,798,430
(
447,027
)
(
9,982,648
)
277,376
(
1,647,116
)
(
823,990
)
2018
E
U
R
4,027,72
(
2,372,1
(
6,644,7
201
F
i
nan
ci
a
l
i
nd
ic
at
o
rs
o
f th
e
C
o
mpan
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P
r
o
f
i
tab
ili
t
y
ana
ly
s
i
s – pro
f
i
t
a
bili
t
y
r
a
t
ios
a
n
a
l
y
s
e
t
h
e
e
ff
e
c
t
i
v
e
n
e
ss o
f
t
h
e
Comp
a
n
y
’s m
a
n
a
g
e
m
e
n
t
d
e
cisions
f
or
t
h
e
p
e
r
f
orm
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nc
e
o
f
f
in
a
nci
a
l
t
a
s
k
s, wh
e
r
e
t
h
e
op
t
im
a
l pro
f
i
t
a
bili
t
y
r
a
t
io mus
t
b
e
posi
t
i
v
e
,
a
nd
t
h
e
hi
g
h
e
r
t
h
e
r
a
t
io,
t
h
e
b
e
tt
e
r
t
h
e
pro
f
i
t
a
bili
t
y
:
20212020
G
ross pro
f
i
t
m
a
r
g
in
(g
ross pro
f
i
t
/n
e
t
t
urno
v
e
r
)
(
4
)
%
(
27
)
%
Th
e
g
ross pro
f
i
t
m
a
r
g
in r
a
t
io shows
t
h
e
r
a
t
io o
f
s
a
l
e
s
t
o dir
e
c
t
cos
t
s. Comp
a
ni
e
s us
e
t
his indic
a
t
or
t
o c
a
lcul
a
t
e
t
h
e
e
x
t
e
n
t
t
o which ch
a
n
g
e
s in n
e
t
s
a
l
e
s
a
ff
e
c
t
g
ross pro
f
i
t
.
Comm
e
rci
a
l pro
f
i
t
a
bili
t
y
indic
a
t
or
(
pro
f
i
t
/n
e
t
t
urno
v
e
r
f
or
t
h
e
r
e
por
t
in
g
p
e
riod
)
(
14
)
%
(
555
)
%
Th
e
Comp
a
n
y
us
e
s
t
his indic
a
t
or
t
o d
e
t
e
rmin
e
i
t
s
a
bili
t
y
t
o
g
e
n
e
r
a
t
e
pro
f
i
t
s.
R
e
t
urn on
e
qui
t
y
(
pro
f
i
t
/
e
qui
t
y
f
or
t
h
e
r
e
por
t
in
g
p
e
riod
)
(
25
)
%
(
646
)
%
R
e
t
urn on
e
qui
t
y
shows how
e
ff
ici
e
n
t
l
y
t
h
e
c
a
pi
t
a
l in
v
e
s
t
e
d b
y
t
h
e
Comp
a
n
y
’s
own
e
rs is us
e
d. Th
e
comp
a
n
y
us
e
s
t
his indic
a
t
or
t
o d
e
t
e
rmin
e
how much
a
po
t
e
n
t
i
a
l in
v
e
s
t
or will
ea
rn
f
rom
ea
ch
e
uro
t
h
e
y
in
v
e
s
t
.
R
e
t
urn on
a
ss
e
t
s
(
pro
f
i
t
f
or
t
h
e
r
e
por
t
in
g
p
e
riod/
t
o
t
a
l
a
ss
e
t
s
)
(
3
)
%
(
111
)
%
Th
e
Comp
a
n
y
us
e
s
t
his indic
a
t
or
t
o c
a
lcul
a
t
e
t
h
e
r
e
t
urn on
t
o
t
a
l
a
ss
e
t
s us
e
d
f
or
t
h
e
Comp
a
n
y
’s op
e
r
a
t
ions.
T
a
k
in
g
in
t
o
a
ccoun
t
t
h
a
t
t
h
e
Comp
a
n
y
h
a
d
g
ross
a
nd n
e
t
loss
e
s in
t
h
e
r
e
por
t
in
g
y
ea
r
a
nd
t
h
e
pr
e
v
ious
y
ea
r,
t
h
e
pro
f
i
t
a
bili
t
y
indic
a
t
ors
a
r
e
n
e
g
a
t
i
v
e
, how
e
v
e
r,
t
h
e
pro
f
i
t
a
bili
t
y
indic
a
t
ors h
a
v
e
impro
v
e
d si
g
ni
f
ic
a
n
t
l
y
comp
a
r
e
d
t
o
t
h
e
pr
e
v
ious
r
e
por
t
in
g
p
e
riod,
a
nd
t
h
e
2021 c
a
lcul
a
t
ions
a
r
e
b
a
s
e
d on
t
h
e
m
a
r
k
e
t
v
a
lu
e
o
f
t
h
e
a
ss
e
t
s.
Cap
i
ta
l
stru
c
tur
e
ana
ly
s
i
s – c
a
pi
t
a
l s
t
ruc
t
ur
e
r
a
t
ios loo
k
a
t
t
h
e
Comp
a
n
y
’s
c
a
pi
t
a
l s
t
ruc
t
ur
e
a
nd show how much
a
ddi
t
ion
a
l li
a
bili
t
i
e
s
t
h
e
Comp
a
n
y
is
a
bl
e
t
o
incur.
Fin
a
nci
a
l
e
quilibrium r
a
t
io
(
t
o
t
a
l
a
ss
e
t
s/
e
qui
t
y)
7.926.24
Th
e
Comp
a
n
y
us
e
s
t
his indic
a
t
or
t
o d
e
t
e
rmin
e
t
h
e
propor
t
ion o
f
c
a
sh in
v
e
s
t
e
d b
y
t
h
e
Comp
a
n
y
’s own
e
rs in
t
h
e
Comp
a
n
y
’s
a
ss
e
t
s. Th
e
hi
g
h
e
r
t
h
e
sh
a
r
e
o
f
e
qui
t
y
,
t
h
e
mor
e
s
t
a
bl
e
t
h
e
Comp
a
n
y
’s
f
in
a
nci
a
l s
t
ruc
t
ur
e
.
D
e
b
t
/
e
qui
t
y
r
a
t
io
(
t
o
t
a
l li
a
bili
t
i
e
s/
e
qui
t
y)
6.875.19
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
Addr
e
ss:
G
ā
l
e
s i
e
l
a
2, Ri
g
a
, LV
-
1015
R
e
g
is
t
r
a
t
ion numb
e
r: 40003045892
A
NNU
AL RE
PO
RT
For
t
h
e
p
e
riod: 01.01.2021 – 31.12.2021
Th
e
Comp
a
n
y
us
e
s
t
his indic
a
t
or
t
o d
e
t
e
rmin
e
t
h
e
e
x
t
e
n
t
t
o which
t
h
e
Comp
a
n
y
is d
e
p
e
nd
e
n
t
on borrow
e
d c
a
pi
t
a
l.
Sh
a
r
e
o
f
li
a
bili
t
i
e
s in
t
h
e
b
a
l
a
nc
e
sh
ee
t
(
t
o
t
a
l li
a
bili
t
i
e
s/
t
o
t
a
l
a
ss
e
t
s
)
0.870.83
Th
e
Comp
a
n
y
us
e
s
t
his indic
a
t
or
t
o d
e
t
e
rmin
e
t
h
e
r
a
t
io o
f
t
h
e
Comp
a
n
y
’s lon
g-
t
e
rm
a
nd shor
t
-
t
e
rm li
a
bili
t
i
e
s
t
o
t
o
t
a
l
a
ss
e
t
s.
Th
e
Comp
a
n
y
’s c
a
pi
t
a
l s
t
ruc
t
ur
e
r
a
t
ios indic
a
t
e
t
h
e
e
x
t
e
n
t
t
o which
t
h
e
Comp
a
n
y
is
d
e
p
e
nd
e
n
t
on borrow
e
d c
a
pi
t
a
l. A hi
g
h r
a
t
io m
ea
ns
t
h
a
t
t
h
e
Comp
a
n
y
m
a
k
e
s
a
lo
t
o
f
us
e
o
f
borrow
e
d c
a
pi
t
a
l, which cr
ea
t
e
s
a
ddi
t
ion
a
l cos
t
s
f
or
t
h
e
Comp
a
n
y
in
t
h
e
f
orm
o
f
in
t
e
r
e
s
t
p
a
y
m
e
n
t
s.
L
i
qu
i
d
i
t
y
ana
ly
s
i
s – liquidi
t
y
r
a
t
ios loo
k
a
t
t
h
e
Comp
a
n
y
’s shor
t
-
t
e
rm
f
in
a
nci
a
l
p
e
r
f
orm
a
nc
e
a
nd liquidi
t
y
a
nd pro
v
id
e
a
n indic
a
t
ion o
f
wh
e
t
h
e
r
t
h
e
Comp
a
n
y
is
a
bl
e
t
o r
e
p
a
y
i
t
s shor
t
-
t
e
rm li
a
bili
t
i
e
s in
a
t
im
e
l
y
a
nd compl
e
t
e
m
a
nn
e
r.
Curr
e
n
t
liquidi
t
y
r
a
t
io
(
curr
e
n
t
a
ss
e
t
s/shor
t
-
t
e
rm li
a
bili
t
i
e
s
)
0.500.67
Th
e
Comp
a
n
y
us
e
s
t
his indic
a
t
or
t
o c
a
lcul
a
t
e
t
h
e
e
x
t
e
n
t
t
o which
t
h
e
Comp
a
n
y
’s
curr
e
n
t
a
ss
e
t
s
a
r
e
a
bl
e
t
o co
v
e
r shor
t
-
t
e
rm li
a
bili
t
i
e
s.
An
a
l
y
sin
g
t
h
e
indic
a
t
ors
f
or
t
wo
y
ea
rs,
t
h
e
Comp
a
n
y
’s liquidi
t
y
h
a
s d
e
t
e
rior
a
t
e
d
sli
g
h
t
l
y
durin
g
t
h
e
r
e
por
t
in
g
p
e
riod du
e
t
o
t
h
e
a
ppro
v
a
l o
f
a
n
a
cc
e
l
e
r
a
t
e
d
p
a
y
m
e
n
t
o
f
li
a
bili
t
i
e
s in
t
h
e
f
ollowin
g
r
e
por
t
in
g
y
ea
r in
a
ccord
a
nc
e
wi
t
h
t
h
e
a
m
e
ndm
e
n
t
s
t
o
t
h
e
L
PP
. In
t
h
e
comin
g
p
e
riods,
t
h
e
Comp
a
n
y
’s op
e
r
a
t
ions
a
r
e
e
x
p
e
c
t
e
d
t
o
e
x
p
a
nd, which will impro
v
e
t
h
e
Comp
a
n
y
’s
a
bili
t
y
t
o co
v
e
r i
t
s shor
t
-
t
e
rm li
a
bili
t
i
e
s wi
t
h curr
e
n
t
a
ss
e
t
s.
S
i
gn
i
f
ic
ant r
i
s
k
s and
un
c
e
rta
i
n
c
o
nd
i
t
i
o
ns
M
a
r
k
e
t
ris
k
a
nd liquidi
t
y
ris
k
a
r
e
t
h
e
mos
t
si
g
ni
f
ic
a
n
t
f
in
a
nci
a
l ris
k
s o
f
t
h
e
Comp
a
n
y
. Th
e
m
a
n
a
g
e
m
e
n
t
o
f
t
h
e
Comp
a
n
y
t
ri
e
s
t
o minimis
e
t
h
e
po
t
e
n
t
i
a
l
n
e
g
a
t
i
v
e
imp
a
c
t
o
f
f
in
a
nci
a
l ris
k
s on
t
h
e
Comp
a
n
y
’s
f
in
a
nci
a
l condi
t
ion. Th
e
comp
a
n
y
is prud
e
n
t
in liquidi
t
y
ris
k
m
a
n
a
g
e
m
e
n
t
e
nsurin
g
t
h
a
t
i
t
h
a
s prop
e
r
cr
e
di
t
r
e
sourc
e
s
a
v
a
il
a
bl
e
f
or s
e
tt
lin
g
i
t
s li
a
bili
t
i
e
s wi
t
hin
t
h
e
s
e
t
d
ea
dlin
e
s. Th
e
own
e
rs’ s
t
r
a
t
e
gy
pro
v
id
e
s
t
h
a
t
t
h
e
Comp
a
n
y
mus
t
e
nsur
e
a
posi
t
i
v
e
c
a
sh
f
low
f
rom op
e
r
a
t
ions.
Furth
e
r d
e
v
e
l
o
pm
e
nt
o
f
th
e
C
o
mpan
y
and
e
v
e
nts
aft
e
r th
e
e
nd
o
f th
e
r
e
p
o
rt
i
ng
y
e
ar
Th
e
Comp
a
n
y
’s
e
qui
t
y
a
s
a
t
31
D
e
c
e
mb
e
r 2021 is posi
t
i
v
e
– E
U
R 1,143,973. Th
e
Comp
a
n
y
’s op
e
r
a
t
in
g
r
e
sul
t
f
or 2021 w
a
s
a
n
e
t
loss o
f
E
U
R 285,538
(
in 2020,
loss w
a
s E
U
R 9,982,648
)
a
nd i
t
s shor
t
-
t
e
rm li
a
bili
t
i
e
s
a
s
a
t
31
D
e
c
e
mb
e
r 2021
e
x
c
ee
d
e
d curr
e
n
t
a
ss
e
t
s b
y
E
U
R 1,691,563. Th
e
mos
t
si
g
ni
f
ic
a
n
t
shor
t
-
t
e
rm li
a
bili
t
y
i
t
e
ms
a
r
e
t
r
a
d
e
p
a
y
a
bl
e
s in
t
h
e
a
moun
t
o
f
E
U
R 1,173,856.
In 2021
a
nd
ea
rl
y
2022,
t
h
e
r
e
s
t
ric
t
ions r
e
l
a
t
e
d
t
o
t
h
e
spr
ea
d o
f
coron
a
v
irus w
e
r
e
s
t
ill in
f
orc
e
in
t
h
e
R
e
public o
f
L
a
t
v
i
a
a
nd m
a
n
y
o
t
h
e
r coun
t
ri
e
s, which
si
g
ni
f
ic
a
n
t
l
y
slows down
t
h
e
e
conomic d
e
v
e
lopm
e
n
t
in
t
h
e
coun
t
r
y
a
nd in
t
h
e
world,
t
h
e
r
e
f
or
e
,
t
h
e
e
conomic d
e
v
e
lopm
e
n
t
is s
t
ill unc
e
r
t
a
in
a
nd
t
his h
a
d
a
si
g
ni
f
ic
a
n
t
a
nd un
f
a
v
our
a
bl
e
imp
a
c
t
on
t
h
e
Comp
a
n
y
’s
e
conomic
a
c
t
i
v
i
t
y
.
Sinc
e
t
h
e
a
ppro
v
a
l o
f
t
h
e
pl
a
n o
f
m
ea
sur
e
s o
f
l
e
g
a
l pro
t
e
c
t
ion proc
ee
din
g
s un
t
il
t
h
e
pr
e
p
a
r
a
t
ion o
f
t
h
e
a
nnu
a
l r
e
por
t
,
t
h
e
r
e
h
a
v
e
b
ee
n s
e
v
e
r
a
l
a
m
e
ndm
e
n
t
s
t
o
t
h
e
pl
a
n
o
f
m
ea
sur
e
s o
f
l
e
g
a
l pro
t
e
c
t
ion proc
ee
din
g
s,
t
h
e
l
a
s
t
o
f
which w
a
s
a
ppro
v
e
d on 17
S
e
p
t
e
mb
e
r 2021, which, in
t
h
e
e
v
e
n
t
o
f
a
succ
e
ss
f
ul ou
t
com
e
o
f
t
h
e
L
PP
,
a
llows
t
o
r
e
duc
e
t
h
e
t
o
t
a
l
a
moun
t
o
f
t
h
e
Comp
a
n
y
’s cr
e
di
t
ors’ li
a
bili
t
i
e
s b
y
t
e
n p
e
rc
e
n
t
a
nd
s
e
tt
in
g
a
p
e
riod o
f
f
i
v
e
y
ea
rs
f
or
t
h
e
impl
e
m
e
n
t
a
t
ion o
f
t
h
e
s
e
proc
ee
din
g
s
s
t
a
r
t
in
g
f
rom 16 Au
g
us
t
2019.
Th
e
Comp
a
n
y
con
f
irms
t
h
a
t
t
h
e
a
m
e
ndm
e
n
t
s
t
o
t
h
e
L
PP
pl
a
n o
f
m
ea
sur
e
s
pr
e
p
a
r
e
d b
y
i
t
a
nd
a
ppro
v
e
d b
y
t
h
e
cour
t
will m
a
k
e
i
t
possibl
e
f
or i
t
t
o m
a
in
t
a
in i
t
s
curr
e
n
t
busin
e
ss pro
f
il
e
a
nd indic
a
t
e
s
t
h
a
t
t
h
e
f
in
a
nci
a
l obli
g
a
t
ions
t
ow
a
rds bo
t
h
s
e
cur
e
d cr
e
di
t
ors
a
nd uns
e
cur
e
d cr
e
di
t
ors will b
e
f
ul
f
ill
e
d wi
t
hin si
x
t
y
mon
t
hs
f
rom
t
h
e
a
ppro
v
a
l o
f
t
h
e
L
PP
pl
a
n o
f
m
ea
sur
e
s, n
a
m
e
l
y
, b
y
2024.
6
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
Addr
e
ss:
G
ā
l
e
s i
e
l
a
2, Ri
g
a
, LV
-
1015
R
e
g
is
t
r
a
t
ion numb
e
r: 40003045892
A
NNU
AL RE
PO
RT
For
t
h
e
p
e
riod: 01.01.2021 – 31.12.2021
In 2021
a
nd un
t
il
t
h
e
pr
e
p
a
r
a
t
ion o
f
t
h
e
a
nnu
a
l r
e
por
t
,
t
h
e
Comp
a
n
y
h
a
s b
ee
n
a
bl
e
t
o
f
ul
f
il i
t
s obli
g
a
t
ions in
a
ccord
a
nc
e
wi
t
h
t
h
e
L
PP
pl
a
n o
f
m
ea
sur
e
s. Th
e
f
u
t
ur
e
op
e
r
a
t
ion o
f
t
h
e
Comp
a
n
y
d
e
p
e
nds on
t
h
e
Comp
a
n
y
’s
a
bili
t
y
t
o impl
e
m
e
n
t
t
h
e
l
e
g
a
l pro
t
e
c
t
ion pl
a
n,
a
s w
e
ll
a
s
t
o s
e
tt
l
e
t
h
e
li
a
bili
t
i
e
s
t
o i
t
s cr
e
di
t
ors wi
t
hin
t
h
e
s
e
t
t
e
rm, obs
e
r
v
in
g
a
ll condi
t
ions o
f
t
h
e
pl
a
n. Th
e
Comp
a
n
y
f
or
e
c
a
s
t
s
t
h
a
t
i
t
will b
e
a
bl
e
t
o impro
v
e
i
t
s
e
conomic p
e
r
f
orm
a
nc
e
a
nd
f
in
a
nci
a
l r
e
sul
t
s wi
t
hin
a
ppro
x
im
a
t
e
l
y
12 mon
t
hs. Th
e
Comp
a
n
y
con
t
inu
e
s
t
o
t
a
k
e
m
ea
sur
e
s in
t
h
e
f
i
e
ld
o
f
proc
e
ss
e
ff
ici
e
nc
y
a
nd cos
t
op
t
imis
a
t
ion,
a
t
t
h
e
s
a
m
e
t
im
e
loo
k
in
g
f
or
solu
t
ions
t
o
e
x
p
a
nd
t
h
e
Comp
a
n
y
’s op
e
r
a
t
ions,
a
s
a
r
e
sul
t
o
f
which
t
h
e
Comp
a
n
y
’s
f
or
e
c
a
s
t
s
a
nd op
e
r
a
t
in
g
f
in
a
nci
a
l r
e
sul
t
s
a
r
e
pl
a
nn
e
d wi
t
h
a
pro
f
i
t
.
Al
t
hou
g
h
t
h
e
Comp
a
n
y
h
a
s cl
ea
r prosp
e
c
t
s
f
or r
e
sumin
g
op
e
r
a
t
ions, i
t
is
a
lr
ea
d
y
k
nown
t
h
a
t
i
t
will
t
a
k
e
t
im
e
t
o op
t
imis
e
s
t
a
ff
in
g
, r
e
s
t
or
e
t
h
e
f
low o
f
curr
e
n
t
a
ss
e
t
s, di
v
e
rsi
fy
produc
t
ion
a
nd r
a
is
e
in
v
e
s
t
m
e
n
t
.
This conclusion is b
a
s
e
d on
t
h
e
in
f
orm
a
t
ion
a
v
a
il
a
bl
e
a
t
t
h
e
mom
e
n
t
o
f
si
g
nin
g
t
his
f
in
a
nci
a
l s
t
a
t
e
m
e
n
t
a
nd
t
h
e
imp
a
c
t
o
f
f
ur
t
h
e
r
e
v
e
n
t
s on
f
u
t
ur
e
op
e
r
a
t
ions o
f
t
h
e
Comp
a
n
y
m
a
y
di
ff
e
r
f
rom
t
h
e
m
a
n
a
g
e
m
e
n
t
’s
e
v
a
lu
a
t
ion.
O
n
t
h
e
ini
t
i
a
t
i
v
e
o
f
t
h
e
pri
v
a
t
e
sh
a
r
e
hold
e
r, on 26
O
c
t
ob
e
r 2021,
t
h
e
Fin
a
nci
a
l
a
nd
C
a
pi
t
a
l M
a
r
k
e
t
Commission
(
D
e
cision
N
o. 139
)
a
u
t
horis
e
d
t
o m
a
k
e
a
m
a
nd
a
t
or
y
sh
a
r
e
r
e
purch
a
s
e
o
ff
e
r.
W
i
t
hin
t
h
e
f
r
a
m
e
wor
k
o
f
t
h
e
m
a
nd
a
t
or
y
sh
a
r
e
r
e
purch
a
s
e
o
ff
e
r, on
e
pri
v
a
t
e
p
e
rson r
e
purch
a
s
e
d 42,036 sh
a
r
e
s o
f
t
h
e
Comp
a
n
y
or
0.3601
%
o
f
t
h
e
t
o
t
a
l numb
e
r o
f
v
o
t
in
g
sh
a
r
e
s o
f
t
h
e
Comp
a
n
y
,
a
s
a
r
e
sul
t
o
f
which
on
e
pri
v
a
t
e
sh
a
r
e
hold
e
r
a
cquir
e
d 50.2157
%
bo
t
h
a
s indir
e
c
t
(
a
s
a
sh
a
r
e
hold
e
r
o
f
AS
“
R
e
m
a
rs
-
Rī
g
a
”)
a
nd dir
e
c
t
own
e
rship o
f
t
h
e
t
o
t
a
l numb
e
r o
f
v
o
t
in
g
sh
a
r
e
s
o
f
t
h
e
Comp
a
n
y
. Th
e
Bo
a
rd o
f
t
h
e
Comp
a
n
y
consid
e
rs
t
h
a
t
t
h
e
sh
a
r
e
r
e
purch
a
s
e
o
ff
e
r compli
e
d wi
t
h
t
h
e
pro
v
isions o
f
t
h
e
Fin
a
nci
a
l Ins
t
rum
e
n
t
M
a
r
k
e
t
L
a
w.
Consid
e
rin
g
t
h
a
t
t
h
e
issu
e
r o
f
t
h
e
sh
a
r
e
r
e
purch
a
s
e
o
ff
e
r in
t
e
nds
t
o con
t
inu
e
t
h
e
curr
e
n
t
a
c
t
i
v
i
t
y
o
f
t
h
e
Comp
a
n
y
a
nd no ch
a
n
g
e
in
t
h
e
t
y
p
e
o
f
i
t
s
a
c
t
i
v
i
t
y
is
pl
a
nn
e
d,
t
h
e
Bo
a
rd o
f
t
h
e
Comp
a
n
y
e
v
a
lu
a
t
e
s
t
h
e
sh
a
r
e
r
e
purch
a
s
e
o
ff
e
r
posi
t
i
v
e
l
y
a
nd
a
ccordin
g
l
y
i
t
will con
t
inu
e
t
h
e
e
conomic
a
c
t
i
v
i
t
y
in
t
h
e
curr
e
n
t
f
i
e
ld.
I
t
is
a
lso pl
a
nn
e
d
t
o con
t
inu
e
t
h
e
e
mplo
y
m
e
n
t
r
e
l
a
t
ionship wi
t
h
t
h
e
e
x
is
t
in
g
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f
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h
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Comp
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n
y
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a
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nc
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wi
t
h
t
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e
mplo
y
m
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n
t
con
t
r
a
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t
s
conclud
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d wi
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h
t
h
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m,
a
s w
e
ll
a
s no ch
a
n
g
e
o
f
t
h
e
Comp
a
n
y
’s loc
a
t
ion is pl
a
nn
e
d.
Th
e
con
f
lic
t
in
Uk
r
a
in
e
a
nd r
e
l
a
t
e
d
e
v
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n
t
s
t
a
k
e
pl
a
c
e
a
t
t
h
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im
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o
f
si
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ni
f
ic
a
n
t
g
lob
a
l
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conomic unc
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r
t
a
inl
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a
nd ins
t
a
bili
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y
,
a
nd
t
h
e
r
e
f
or
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t
h
e
ir cons
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qu
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nc
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s
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v
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t
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t
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g
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r
a
l imp
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c
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on m
a
r
k
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condi
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ions. Th
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Comp
a
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’s
m
a
n
a
g
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m
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n
t
h
a
s no
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n
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i
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d
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dir
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c
t
imp
a
c
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o
f
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circums
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a
nc
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ur
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r
e
conomic op
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r
a
t
ions o
f
t
h
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Comp
a
n
y
.
R
e
s
e
ar
c
h and
d
e
v
e
l
o
pm
e
nt a
c
t
ivi
t
i
e
s
Th
e
Comp
a
n
y
h
a
s no
t
p
e
r
f
orm
e
d
a
n
y
a
c
t
i
v
i
t
i
e
s in
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h
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f
i
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ld o
f
r
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s
ea
rch
a
nd
d
e
v
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lopm
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n
t
in
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h
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r
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por
t
in
g
y
ea
r.
A
ggr
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gat
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o
f th
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C
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’s shar
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s
In
t
h
e
r
e
por
t
in
g
y
ea
r
t
h
e
Comp
a
n
y
h
a
s n
e
i
t
h
e
r r
e
d
ee
m
e
d, nor sold i
t
s sh
a
r
e
s.
Th
e
C
o
mpan
y
’s bran
c
h
e
s
and r
e
pr
e
s
e
ntat
i
o
n
abr
o
ad
Th
e
Comp
a
n
y
do
e
s no
t
h
a
v
e
r
e
pr
e
s
e
n
t
a
t
ion o
ff
ic
e
s or br
a
nch
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s
a
bro
a
d.
R
e
c
o
mm
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ndat
i
o
n f
o
r
pr
o
f
i
t d
i
str
i
but
i
o
n
Th
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Bo
a
rd o
f
t
h
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Comp
a
n
y
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comm
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o co
v
e
r
t
h
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loss
e
s o
f
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r
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por
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in
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r
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rom
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h
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r
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t
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in
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d
ea
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f
n
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x
t
y
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rs.
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e
mb
e
r o
f
t
h
e
Bo
a
rd
_________________
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ā
rs Bu
k
s
M
e
mb
e
r o
f
t
h
e
Bo
a
rd
_________________
D
e
niss
P
a
r
f
e
ns
28 April 2022
7
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
Addr
e
ss:
G
ā
l
e
s i
e
l
a
2, Ri
g
a
, LV
-
1015
R
e
g
is
t
r
a
t
ion numb
e
r: 40003045892
A
NNU
AL RE
PO
RT
For
t
h
e
p
e
riod: 01.01.2021 – 31.12.2021
8
S
t
a
t
e
m
e
n
t
of Manag
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m
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ll
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s on p
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h
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s
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f
in
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nci
a
l s
t
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t
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m
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s
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h
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p
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nd
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d 31
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e
c
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mb
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r 2021,
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h
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bl
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a
nd c
a
u
t
ious d
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cisions h
a
v
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b
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a
d
e
. Th
e
m
a
n
a
g
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m
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n
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con
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irms
t
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t
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t
s h
a
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conc
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ssump
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m
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n
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g
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m
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t
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comp
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ll
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m
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m
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h
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M
e
mb
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r o
f
t
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Bo
a
rd
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ā
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k
s
M
e
mb
e
r o
f
t
h
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Bo
a
rd
_________________
D
e
niss
P
a
r
f
e
ns
28 April 2022
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
Addr
e
ss:
G
ā
l
e
s i
e
l
a
2, Ri
g
a
, LV
-
1015
R
e
g
is
t
r
a
t
ion numb
e
r: 40003045892
A
NNU
AL RE
PO
RT
For
t
h
e
p
e
riod: 01.01.2021 – 31.12.2021
9
S
tat
e
m
e
nt
o
n
c
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rp
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rat
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g
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v
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rnan
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Th
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corpor
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g
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nc
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r
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por
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o
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“
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t
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pr
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p
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b
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sis o
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rincipl
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a
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Impl
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s
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2010. Th
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n
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.
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principl
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x
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ll
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’s op
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r
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h mos
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mb
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f
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h
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a
rd
_________________
D
e
niss
P
a
r
f
e
ns
28 April 2022
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
Addr
e
ss:
G
ā
l
e
s i
e
l
a
2, Ri
g
a
, LV
-
1015
R
e
g
is
t
r
a
t
ion numb
e
r: 40003045892
A
NNU
AL RE
PO
RT
For
t
h
e
p
e
riod: 01.01.2021 – 31.12.2021
10
P
r
o
f
i
t and
l
o
ss stat
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m
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nt f
o
r 2021 and 2020
N
o
t
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urno
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r30
f
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busin
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Cos
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purch
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sold31
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f
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Adminis
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r
a
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x
p
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s32
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t
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r op
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r
a
t
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incom
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33
O
t
h
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r op
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x
p
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s34
O
t
h
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r in
t
e
r
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s
t
incom
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a
nd simil
a
r incom
e
35
f
r
o
m
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r
p
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sons
In
t
e
r
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s
t
p
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t
s
a
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p
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s36
t
o o
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h
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r
p
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sons
P
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o
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ss b
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m
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ta
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Corpor
a
t
e
incom
e
t
a
x
f
or
t
h
e
r
e
por
t
in
g
y
ea
r
P
r
o
f
i
t
o
r
l
o
ss f
o
r th
e
r
e
p
o
rt
i
ng
y
e
ar
2021
E
U
R
2 095 882
2 095 882
(
2 178 246
)
(
82 364
)
(
173 963
)
67 670
(
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)
9 735
9 735
(
24 954
)
(
24 954
)
(
285 538
)
-
(
285 538
)
2020
E
U
R
1 798 430
1 798 430
(
2 275 457
)
(
477 027
)
(
557 261
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192 071
(
9 147 629
)
9 952
9 952
-
-
(
9 979 894
)
(
2 754
)
(
9 982 648
)
N
o
t
e
s
o
n
page
s 15
t
o
35
a
r
e
a
n
i
n
t
eg
r
a
l
pa
r
t
o
f
t
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a
l
s
t
a
t
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m
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n
t
s
.
M
e
mb
e
r o
f
t
h
e
Bo
a
rd
_________________
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ā
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k
s
M
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mb
e
r o
f
t
h
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Bo
a
rd
_________________
D
e
niss
P
a
r
f
e
ns
Annu
a
l r
e
por
t
pr
e
p
a
r
e
d b
y
Chi
e
f
a
ccoun
t
a
n
t
_________________Elīn
a
Tr
e
i
j
a
28 April 2022
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
Addr
e
ss:
G
ā
l
e
s i
e
l
a
2, Ri
g
a
, LV
-
1015
R
e
g
is
t
r
a
t
ion numb
e
r: 40003045892
A
NNU
AL RE
PO
RT
For
t
h
e
p
e
riod: 01.01.2021 – 31.12.2021
11
B
a
l
an
c
e
Sh
ee
t
s as a
t
31
D
e
c
e
mb
e
r
2021 and 2020
ASS
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t
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a
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_________________Elīn
a
Tr
e
i
j
a
28 April 2022
AS
“
Rī
g
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s
k
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u bū
v
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NNU
AL RE
PO
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12
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page
s 15
t
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35
a
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_________________Elīn
a
Tr
e
i
j
a
28 April 2022
AS
“
Rī
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s
k
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v
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”
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ss:
G
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2, Ri
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ion numb
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r: 40003045892
A
NNU
AL RE
PO
RT
For
t
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p
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riod: 01.01.2021 – 31.12.2021
13
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N
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page
s 15
t
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35
a
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_________________Elīn
a
Tr
e
i
j
a
28 April 2022
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
Addr
e
ss:
G
ā
l
e
s i
e
l
a
2, Ri
g
a
, LV
-
1015
R
e
g
is
t
r
a
t
ion numb
e
r: 40003045892
A
NNU
AL RE
PO
RT
For
t
h
e
p
e
riod: 01.01.2021 – 31.12.2021
14
Cash F
l
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m
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528 659
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672 750
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35 452
N
o
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s
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n
page
s 15
t
o
35
a
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a
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t
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M
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_________________
Ein
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D
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y
Chi
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ccoun
t
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_________________Elīn
a
Tr
e
i
j
a
28 April 2022
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
Addr
e
ss:
G
ā
l
e
s i
e
l
a
2, Ri
g
a
, LV
-
1015
R
e
g
is
t
r
a
t
ion numb
e
r: 40003045892
A
NNU
AL RE
PO
RT
For
t
h
e
p
e
riod: 01.01.2021 – 31.12.2021
N
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t
e
s t
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th
e
f
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nan
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stat
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m
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nt
15
2 2
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t
o
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t
,
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
Addr
e
ss:
G
ā
l
e
s i
e
l
a
2, Ri
g
a
, LV
-
1015
R
e
g
is
t
r
a
t
ion numb
e
r: 40003045892
A
NNU
AL RE
PO
RT
For
t
h
e
p
e
riod: 01.01.2021 – 31.12.2021
N
o
t
e
s t
o
th
e
f
i
nan
ci
a
l
stat
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m
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)
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t
o
t
h
e
f
in
a
nci
a
l
s
t
a
t
e
m
e
n
t
s;
·
t
h
e
a
moun
t
s in i
t
e
ms o
f
t
h
e
b
a
l
a
nc
e
sh
ee
t
a
nd
t
h
e
pro
f
i
t
a
nd loss s
t
a
t
e
m
e
n
t
a
r
e
sp
e
ci
f
i
e
d
t
a
k
in
g
in
t
o
a
ccoun
t
t
h
e
e
conomic con
t
e
n
t
s
a
nd n
a
t
ur
e
o
f
t
r
a
ns
a
c
t
ions r
a
t
h
e
r
t
h
a
n
t
h
e
ir l
e
g
a
l
f
orm onl
y
;
·
i
t
e
ms o
f
t
h
e
b
a
l
a
nc
e
sh
ee
t
a
nd
t
h
e
pro
f
i
t
a
nd loss s
t
a
t
e
m
e
n
t
a
r
e
e
v
a
lu
a
t
e
d
a
t
a
cquisi
t
ion or produc
t
ion
cos
t
. Acquisi
t
ion cos
t
s
a
r
e
t
h
e
purch
a
s
e
pric
e
o
f
a
commodi
t
y
or
a
s
e
r
v
ic
e
(
l
e
ss r
e
c
e
i
v
e
d discoun
t
s
)
,
wh
e
r
e
t
o
t
h
e
purch
a
s
e
r
e
l
a
t
e
d
a
ddi
t
ion
a
l
e
x
p
e
ns
e
s
a
r
e
a
dd
e
d.
P
roduc
t
ion cos
t
is
t
h
e
a
cquisi
t
ion cos
t
s o
f
r
a
w m
a
t
e
ri
a
ls
a
nd consum
a
bl
e
s
a
nd o
t
h
e
r
e
x
p
e
ns
e
s
t
h
a
t
dir
e
c
t
l
y
r
e
l
a
t
e
t
o
t
h
e
m
a
nu
f
a
c
t
urin
g
o
f
t
h
e
r
e
sp
e
c
t
i
v
e
ob
j
e
c
t
.
P
roduc
t
ion cos
t
m
a
y
a
lso includ
e
t
h
e
p
a
r
t
s o
f
cos
t
s
t
h
a
t
a
r
e
indir
e
c
t
l
y
r
e
l
a
t
e
d
t
o
t
h
e
m
a
nu
f
a
c
t
urin
g
o
f
t
h
e
ob
j
e
c
t
onl
y
i
f
t
h
e
s
e
cos
t
s r
e
f
e
r
t
o
t
h
e
s
a
m
e
p
e
riod.
Sp
e
ci
f
ic i
t
e
ms o
f
t
h
e
b
a
l
a
nc
e
sh
ee
t
,
t
h
e
pro
f
i
t
a
nd loss s
t
a
t
e
m
e
n
t
,
t
h
e
c
a
sh
f
low s
t
a
t
e
m
e
n
t
a
nd
t
h
e
s
t
a
t
e
m
e
n
t
o
f
ch
a
n
g
e
s in
e
qui
t
y
shown impor
t
a
n
t
f
in
a
nci
a
l in
f
orm
a
t
ion, which h
a
s
a
si
g
ni
f
ic
a
n
t
in
f
lu
e
nc
e
on
t
h
e
e
v
a
lu
a
t
ion or
d
e
cision
-
m
a
k
in
g
o
f
us
e
rs o
f
t
h
e
a
nnu
a
l r
e
por
t
. Insi
g
ni
f
ic
a
n
t
a
moun
t
s which do no
t
consid
e
r
a
bl
y
imp
a
c
t
t
h
e
a
ss
e
ssm
e
n
t
or d
e
cision
-
m
a
k
in
g
b
y
t
h
e
us
e
rs o
f
t
h
e
a
nnu
a
l
f
in
a
nci
a
l s
t
a
t
e
m
e
n
t
s in
t
h
e
s
a
id compon
e
n
t
s o
f
f
in
a
nci
a
l s
t
a
t
e
m
e
n
t
s
a
r
e
shown in
t
h
e
r
e
sp
e
c
t
i
v
e
i
t
e
ms
a
gg
r
e
g
a
t
in
g
simil
a
r
f
in
a
nci
a
l in
f
orm
a
t
ion
a
nd
t
h
e
d
e
t
a
ils o
f
t
h
e
s
e
sums
a
r
e
g
i
v
e
n b
e
low in
t
h
e
no
t
e
s
t
o
f
in
a
nci
a
l s
t
a
t
e
m
e
n
t
s.
3
)
U
s
e
o
f
e
st
i
mat
e
s
(
1
.
4
)
W
h
e
n pr
e
p
a
rin
g
t
h
e
f
in
a
nci
a
l s
t
a
t
e
m
e
n
t
s
t
h
e
Bo
a
rd o
f
t
h
e
Comp
a
n
y
h
a
s m
a
d
e
a
numb
e
r o
f
e
s
t
im
a
t
e
s
a
nd
a
ssump
t
ions, which h
a
v
e
a
n imp
a
c
t
on
t
h
e
b
a
l
a
nc
e
o
f
indi
v
idu
a
l i
t
e
ms in
t
h
e
b
a
l
a
nc
e
sh
ee
t
a
nd
t
h
e
pro
f
i
t
a
nd loss
s
t
a
t
e
m
e
n
t
includ
e
d in
t
h
e
f
in
a
nci
a
l s
t
a
t
e
m
e
n
t
s,
a
s w
e
ll
a
s
t
h
e
a
moun
t
o
f
con
t
in
g
e
n
t
li
a
bili
t
i
e
s. Fu
t
ur
e
e
v
e
n
t
s c
a
n
in
f
lu
e
nc
e
t
h
e
s
a
id
e
s
t
im
a
t
e
s
a
nd
a
ssump
t
ions. An
y
imp
a
c
t
o
f
ch
a
n
g
e
s in such
e
s
t
im
a
t
e
s
a
nd
a
ssump
t
ions on
t
h
e
Comp
a
n
y
’s p
e
r
f
orm
a
nc
e
r
e
sul
t
s is indic
a
t
e
d in
f
in
a
nci
a
l s
t
a
t
e
m
e
n
t
s
a
t
t
h
e
mom
e
n
t
t
h
e
y
h
a
v
e
b
ee
n
e
s
t
a
blish
e
d.
U
s
e
o
f
e
s
t
i
m
a
t
e
s and k
e
y assu
m
p
t
ions
R
e
quir
e
m
e
n
t
s o
f
t
h
e
L
a
t
v
i
a
n l
e
g
isl
a
t
ion s
e
t
ou
t
t
h
a
t
t
h
e
pr
e
p
a
r
a
t
ion o
f
f
in
a
nci
a
l s
t
a
t
e
m
e
n
t
s r
e
quir
e
s
t
h
e
m
a
n
a
g
e
m
e
n
t
o
f
Comp
a
n
y
t
o m
a
k
e
a
ssump
t
ions
t
h
a
t
a
ff
e
c
t
t
h
e
a
moun
t
s o
f
a
ss
e
t
s,
e
qui
t
y
a
nd li
a
bili
t
i
e
s r
e
por
t
e
d in
t
h
e
s
t
a
t
e
m
e
n
t
a
nd o
ff-
b
a
l
a
nc
e
a
t
t
h
e
d
a
y
o
f
pr
e
p
a
r
a
t
ion o
f
f
in
a
nci
a
l s
t
a
t
e
m
e
n
t
s,
a
s w
e
ll
a
s shown incom
e
a
nd
e
x
p
e
ns
e
s o
f
t
h
e
r
e
por
t
in
g
p
e
riod. Ac
t
u
a
l r
e
sul
t
s could di
ff
e
r
f
rom
t
h
e
s
e
e
s
t
im
a
t
e
s
Th
e
f
ollowin
g
a
r
e
t
h
e
cri
t
ic
a
l
j
ud
g
m
e
n
t
s
a
nd
k
e
y
e
s
t
im
a
t
e
s conc
e
rnin
g
t
h
e
f
u
t
ur
e
,
a
nd o
t
h
e
r
k
e
y
sourc
e
s o
f
e
s
t
im
a
t
ion unc
e
r
t
a
in
t
y
, which
e
x
is
t
a
t
t
h
e
b
a
l
a
nc
e
sh
ee
t
d
a
t
e
,
t
h
a
t
h
a
v
e
a
si
g
ni
f
ic
a
n
t
ris
k
o
f
c
a
usin
g
a
m
a
t
e
ri
a
l
a
d
j
us
t
m
e
n
t
t
o
t
h
e
c
a
rr
y
in
g
a
moun
t
s o
f
a
ss
e
t
s
a
nd li
a
bili
t
i
e
s durin
g
t
h
e
n
e
x
t
r
e
por
t
in
g
p
e
riod:
P
r
ovisions
f
o
r
doub
t
f
ul and bad d
e
b
t
o
r
s
Th
e
Comp
a
n
y
’s m
a
n
a
g
e
m
e
n
t
e
v
a
lu
a
t
e
s
t
h
e
c
a
rr
y
in
g
a
moun
t
o
f
r
e
c
e
i
v
a
bl
e
s
a
nd
a
ss
e
ss
e
s
t
h
e
ir r
e
co
v
e
r
a
bili
t
y
,
m
a
k
in
g
pro
v
isions
f
or doub
t
f
ul
a
nd b
a
d d
e
b
t
s, i
f
n
e
c
e
ss
a
r
y
.
N
e
t
r
e
alisabl
e
valu
e
o
f
inv
e
n
t
o
r
i
e
s
Th
e
Comp
a
n
y
’s m
a
n
a
g
e
m
e
n
t
e
v
a
lu
a
t
e
s
t
h
e
n
e
t
r
ea
lis
a
bl
e
v
a
lu
e
o
f
in
v
e
n
t
ori
e
s b
a
s
e
d on in
f
orm
a
t
ion
a
bou
t
e
x
p
e
c
t
e
d s
a
l
e
s pric
e
s
a
nd s
e
llin
g
e
x
p
e
ns
e
s,
a
s w
e
ll
a
s
e
v
a
lu
a
t
e
s
t
h
e
ph
y
sic
a
l condi
t
ion o
f
in
v
e
n
t
ori
e
s durin
g
t
h
e
a
nnu
a
l s
t
oc
k
t
a
k
in
g
. In c
a
s
e
s wh
e
n
t
h
e
n
e
t
r
ea
lis
a
bl
e
v
a
lu
e
o
f
in
v
e
n
t
ori
e
s is low
e
r
t
h
a
n
t
h
e
cos
t
o
f
in
v
e
n
t
ori
e
s,
pro
v
isions
a
r
e
m
a
d
e
f
or in
v
e
n
t
ori
e
s.
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o
th
e
f
i
nan
ci
a
l
stat
e
m
e
nt
17
U
s
ef
ul liv
e
s o
f
f
ix
e
d ass
e
t
s
U
s
e
f
ul li
v
e
s o
f
f
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x
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d
a
ss
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t
s
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r
e
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v
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e
d on
ea
ch b
a
l
a
nc
e
sh
ee
t
d
a
t
e
,
a
nd ch
a
n
g
e
d, i
f
n
e
c
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ss
a
r
y
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t
o r
e
f
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c
t
curr
e
n
t
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i
e
ws o
f
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h
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m
a
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m
e
n
t
o
f
t
h
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Comp
a
n
y
on
t
h
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r
e
sidu
a
l us
e
f
ul li
f
e
o
f
a
ss
e
t
s,
t
a
k
in
g
in
t
o
a
ccoun
t
t
e
chnolo
gy
ch
a
n
g
e
s, r
e
sidu
a
l
e
conomic li
f
e
o
f
t
h
e
a
ss
e
t
s
a
nd
t
h
e
ir ph
y
sic
a
l condi
t
ion.
Ca
rr
ying a
m
oun
t
o
f
f
ix
e
d ass
e
t
s
Th
e
Comp
a
n
y
m
a
n
a
g
e
m
e
n
t
e
v
a
lu
a
t
e
s
t
h
e
c
a
rr
y
in
g
a
moun
t
s o
f
f
i
x
e
d
a
ss
e
t
s,
a
nd
a
ss
e
ss
e
s wh
e
n
e
v
e
r indic
a
t
ions
e
x
is
t
t
h
a
t
t
h
e
a
ss
e
t
s’ r
e
co
v
e
r
a
bl
e
a
moun
t
s
a
r
e
low
e
r
t
h
a
n
t
h
e
ir c
a
rr
y
in
g
a
moun
t
s. Th
e
Comp
a
n
y
’s m
a
n
a
g
e
m
e
n
t
c
a
lcul
a
t
e
s
a
nd r
e
cords
a
n imp
a
irm
e
n
t
loss on
f
i
x
e
d
a
ss
e
t
s b
a
s
e
d on
t
h
e
e
s
t
im
a
t
e
s r
e
l
a
t
e
d
t
o
t
h
e
e
x
p
e
c
t
e
d
f
u
t
ur
e
us
e
,
dispos
a
l or s
a
l
e
o
f
t
h
e
a
ss
e
t
s.
B
ook valu
e
o
f
issu
e
d loans
Th
e
Comp
a
n
y
’s m
a
n
a
g
e
m
e
n
t
e
v
a
lu
a
t
e
s
t
h
e
issu
e
d lo
a
ns
a
nd
a
ss
e
ss
e
s
t
h
e
ir r
e
co
v
e
r
a
bili
t
y
, m
a
k
in
g
pro
v
isions
f
or
doub
t
f
ul lo
a
ns i
f
n
e
c
e
ss
a
r
y
.
B
ook valu
e
o
f
inv
e
s
t
me
n
t
s in a
ff
ilia
t
e
s and asso
c
ia
t
e
s
Th
e
Comp
a
n
y
m
a
n
a
g
e
m
e
n
t
e
v
a
lu
a
t
e
s
t
h
e
c
a
rr
y
in
g
a
moun
t
o
f
c
a
pi
t
a
ls o
f
a
ff
ili
a
t
e
s
a
nd
a
ssoci
a
t
e
s
a
nd issu
e
d
lo
a
ns
a
nd
a
ss
e
ss
e
s wh
e
n
e
v
e
r indic
a
t
ions
e
x
is
t
t
h
a
t
t
h
e
r
e
co
v
e
r
a
bl
e
a
moun
t
o
f
a
ss
e
t
s
a
r
e
low
e
r
t
h
a
n
t
h
e
ir c
a
rr
y
in
g
a
moun
t
. Th
e
Comp
a
n
y
m
a
n
a
g
e
m
e
n
t
c
a
lcul
a
t
e
s
a
nd r
e
cords
a
n imp
a
irm
e
n
t
loss on in
v
e
s
t
m
e
n
t
s in c
a
pi
t
a
ls o
f
a
ff
ili
a
t
e
s b
a
s
e
d on
t
h
e
e
s
t
im
a
t
e
s r
e
l
a
t
e
d
t
o
t
h
e
f
u
t
ur
e
r
e
t
urn on
t
h
e
m.
4
)
R
e
v
e
nu
e
r
e
c
o
gn
i
t
i
o
n
(
1
.
4
.
5
)
Th
e
m
a
in
a
c
t
i
v
i
t
y
o
f
t
h
e
Comp
a
n
y
is ship r
e
p
a
ir.
N
e
t
t
urno
v
e
r is
t
h
e
a
gg
r
e
g
a
t
e
a
moun
t
o
f
t
h
e
v
a
lu
e
o
f
g
oods
sold
a
nd s
e
r
v
ic
e
s r
e
nd
e
r
e
d durin
g
a
y
ea
r l
e
ss
g
r
a
n
t
e
d discoun
t
s
a
nd
v
a
lu
e
a
dd
e
d
t
a
x
.
R
e
v
e
nu
e
s
a
r
e
r
e
co
g
ni
z
e
d
a
ccordin
g
t
o
t
h
e
f
ollowin
g
principl
e
s:
·
R
e
v
e
nu
e
s
f
rom
t
h
e
s
a
l
e
o
f
g
oods in L
a
t
v
i
a
a
r
e
r
e
co
g
nis
e
d wh
e
n
t
h
e
bu
y
e
r h
a
s
a
cc
e
p
t
e
d
t
h
e
g
oods.
R
e
v
e
nu
e
s
f
rom s
a
l
e
s o
f
g
oods ou
t
sid
e
L
a
t
v
i
a
a
r
e
r
e
co
g
nis
e
d in
a
ccord
a
nc
e
wi
t
h
t
h
e
condi
t
ions
f
or
t
h
e
d
e
li
v
e
r
y
o
f
g
oods.
·
R
e
v
e
nu
e
s
f
rom
t
h
e
pro
v
ision o
f
s
e
r
v
ic
e
s
a
r
e
r
e
co
g
nis
e
d
a
ccordin
g
t
o
t
h
e
d
e
g
r
ee
o
f
e
x
e
cu
t
ion o
f
t
r
a
ns
a
c
t
ion.
·
Th
e
incom
e
f
rom
f
in
e
s
a
nd l
a
t
e
p
a
y
m
e
n
t
p
e
n
a
l
t
i
e
s is r
e
co
g
nis
e
d
a
t
t
h
e
mom
e
n
t
o
f
t
h
e
ir r
e
c
e
ip
t
.
·
Th
e
in
t
e
r
e
s
t
incom
e
is r
e
co
g
nis
e
d on
t
h
e
b
a
sis o
f
t
im
e
a
ppor
t
ionm
e
n
t
t
a
k
in
g
in
t
o
a
ccoun
t
t
h
e
a
c
t
u
a
l
pro
f
i
t
a
bili
t
y
o
f
t
h
e
a
ss
e
t
.
·
Th
e
di
v
id
e
nds
a
r
e
r
e
co
g
nis
e
d
a
t
t
h
e
mom
e
n
t
wh
e
n l
e
g
a
l ri
g
h
t
t
o
t
h
e
m
a
ris
e
s.
·
Au
t
hor’s
f
ee
is r
e
co
g
nis
e
d on
a
n
a
ccru
a
l b
a
sis in
a
ccord
a
nc
e
wi
t
h
t
h
e
r
e
sp
e
c
t
i
v
e
a
g
r
ee
m
e
n
t
.
O
t
h
e
r incom
e
f
rom
t
h
e
e
conomic
a
c
t
i
v
i
t
y
is
f
orm
e
d b
y
v
a
rious o
t
h
e
r incom
e
(
e
.
g
.
t
h
e
pro
f
i
t
ob
t
a
in
e
d
f
rom
t
h
e
a
li
e
n
a
t
ion o
f
lon
g-
t
e
rm in
v
e
s
t
m
e
n
t
ob
j
e
c
t
s or
f
or
e
i
g
n curr
e
nc
y
f
luc
t
u
a
t
ions, incom
e
f
rom
t
h
e
r
e
c
e
i
v
e
d insur
a
nc
e
ind
e
mni
t
i
e
s,
f
rom
t
h
e
r
e
c
e
i
v
e
d
f
in
a
nci
a
l
a
id or
f
in
a
nci
a
l suppor
t
)
, which is no
t
dir
e
c
t
l
y
r
e
l
a
t
e
d
t
o
t
h
e
comp
a
n
y
’s
b
a
sic
a
c
t
i
v
i
t
y
bu
t
which r
e
sul
t
s
f
rom
t
h
e
e
conomic
a
c
t
i
v
i
t
y
.
5
)
E
x
p
e
ns
e
r
e
c
o
gn
i
t
i
o
n pr
i
n
ci
p
l
e
s
(
1
.
4
.
7
)
Cos
t
s in
t
h
e
pro
f
i
t
a
nd loss s
t
a
t
e
m
e
n
t
a
r
e
sp
e
ci
f
i
e
d on
a
n
a
ccru
a
l b
a
sis,
t
a
k
in
g
in
t
o
a
ccoun
t
t
h
e
t
im
e
o
f
t
h
e
ir
occurr
e
nc
e
r
a
t
h
e
r
t
h
a
n
t
h
e
t
im
e
mon
e
y
h
a
s b
ee
n p
a
id. E
x
p
e
ns
e
s r
e
l
a
t
e
d
t
o
t
h
e
r
e
por
t
in
g
y
ea
r
a
r
e
sp
e
ci
f
i
e
d
r
e
g
a
rdl
e
ss o
f
t
h
e
p
a
y
m
e
n
t
d
a
t
e
or
t
h
e
d
a
t
e
o
f
r
e
c
e
ip
t
o
f
t
h
e
in
v
oic
e
. Cos
t
s
a
r
e
r
e
concil
e
d wi
t
h incom
e
in
t
h
e
r
e
sp
e
c
t
i
v
e
r
e
por
t
in
g
p
e
riods.
6
)
R
e
v
a
l
uat
i
o
n
o
f f
o
r
e
i
gn
c
urr
e
n
cy
i
n
e
ur
o
(
1
.
4
)
All
t
r
a
ns
a
c
t
ions in
f
or
e
i
g
n curr
e
nc
y
a
r
e
con
v
e
r
t
e
d in
t
o Euro b
a
s
e
d on
t
h
e
f
or
e
i
g
n curr
e
nc
y
e
x
ch
a
n
g
e
r
a
t
e
, which is
us
e
d in
a
ccoun
t
in
g
a
nd which is
e
ff
e
c
t
i
v
e
a
t
t
h
e
b
e
g
innin
g
o
f
t
h
e
d
a
y
on
t
h
e
d
a
t
e
o
f
t
r
a
ns
a
c
t
ion.
All mon
e
t
a
r
y
a
ss
e
t
s in
f
or
e
i
g
n curr
e
nc
y
a
t
t
h
e
e
nd o
f
t
h
e
r
e
por
t
in
g
p
e
riod
a
r
e
r
e
v
a
lu
e
d in
e
uro
(
E
U
R
)
in
a
ccord
a
nc
e
wi
t
h
t
h
e
f
or
e
i
g
n curr
e
nc
y
e
x
ch
a
n
g
e
r
a
t
e
, which is us
e
d in
a
ccoun
t
in
g
a
nd which is
e
ff
e
c
t
i
v
e
a
t
t
h
e
e
nd
o
f
t
h
e
d
a
y
o
f
t
h
e
b
a
l
a
nc
e
sh
ee
t
d
a
t
e
on 31
D
e
c
e
mb
e
r,
a
nd
t
h
e
r
e
sp
e
c
t
i
v
e
di
ff
e
r
e
nc
e
s o
f
t
h
e
curr
e
nc
y
e
x
ch
a
n
g
e
r
a
t
e
s
a
r
e
r
e
f
l
e
c
t
e
d in
t
h
e
pro
f
i
t
a
nd loss s
t
a
t
e
m
e
n
t
.
Th
e
f
or
e
i
g
n curr
e
nc
y
e
x
ch
a
n
g
e
r
a
t
e
s
a
t
t
h
e
e
nd o
f
t
h
e
r
e
por
t
in
g
p
e
riod o
v
e
r l
a
s
t
t
wo
y
ea
rs w
e
r
e
a
s
f
ollows:
31
.
12
.
202131
.
12
.
2020
E
U
R 1 E
U
R 1
U
S
D
1.13260 1.22710
G
B
P
0.84028 0.89903
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
Addr
e
ss:
G
ā
l
e
s i
e
l
a
2, Ri
g
a
, LV
-
1015
R
e
g
is
t
r
a
t
ion numb
e
r: 40003045892
A
NNU
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PO
RT
For
t
h
e
p
e
riod: 01.01.2021 – 31.12.2021
N
o
t
e
s t
o
th
e
f
i
nan
ci
a
l
stat
e
m
e
nt
7
)
Intang
i
b
l
e
i
n
v
e
stm
e
nts
(
1
.
4
.
1
.
1
)
In
t
a
n
g
ibl
e
in
v
e
s
t
m
e
n
t
s m
a
inl
y
consis
t
o
f
t
h
e
us
a
g
e
ri
g
h
t
s, lic
e
nc
e
s, p
a
t
e
n
t
s, conc
e
ssions
a
nd simil
a
r ri
g
h
t
s,
which h
a
v
e
b
ee
n ob
t
a
in
e
d
f
or r
e
mun
e
r
a
t
ion. In
t
a
n
g
ibl
e
in
v
e
s
t
m
e
n
t
s
a
r
e
a
ss
e
ss
e
d
a
ccordin
g
t
o
t
h
e
ir his
t
oric
a
l cos
t
v
a
lu
e
l
e
ss
t
h
e
a
ccru
e
d d
e
pr
e
ci
a
t
ion.
D
e
pr
e
ci
a
t
ion is c
a
lcul
a
t
e
d on
a
s
t
r
a
i
g
h
t
-
lin
e
b
a
sis usin
g
t
h
e
a
nnu
a
l
d
e
pr
e
ci
a
t
ion r
a
t
e
o
f
20
%
. In
a
n
e
x
c
e
p
t
ion
a
l c
a
s
e
wh
e
n i
t
is no
t
possibl
e
t
o
e
s
t
im
a
t
e
pl
a
usibl
y
t
h
e
us
e
f
ul li
f
e
o
f
g
oodwill or
t
h
e
d
e
v
e
lopm
e
n
t
cos
t
ob
j
e
c
t
,
t
h
e
ir his
t
oric
a
l
v
a
lu
e
is wri
tt
e
n
-
o
ff
g
r
a
du
a
ll
y
br
ea
k
in
g
down i
t
t
o
y
ea
rs
wi
t
hin
a
p
e
riod o
f
t
im
e
t
h
a
t
do
e
s no
t
e
x
c
ee
d 10
y
ea
rs
(
ea
ch such c
a
s
e
is
e
x
pl
a
in
e
d in
t
h
e
no
t
e
s
t
o
t
h
e
f
in
a
nci
a
l
s
t
a
t
e
m
e
n
t
s indic
a
t
in
g
t
h
e
dur
a
t
ion o
f
t
h
e
p
e
riod o
f
t
im
e
pro
v
id
e
d
f
or wri
t
in
g
o
ff
t
h
e
his
t
oric
a
l
v
a
lu
e
o
f
t
h
e
r
e
sp
e
c
t
i
v
e
i
t
e
m
)
.
8
)
F
ix
e
d ass
e
ts
(
1
.
4
.
1
.
2
)
Fi
x
e
d
a
ss
e
t
s
a
r
e
a
ss
e
ss
e
d
a
ccordin
g
t
o
t
h
e
ir his
t
oric
a
l cos
t
v
a
lu
e
l
e
ss
t
h
e
a
ccru
e
d d
e
pr
e
ci
a
t
ion.
D
e
pr
e
ci
a
t
ion is
c
a
lcul
a
t
e
d
a
ccordin
g
t
o
t
h
e
s
t
r
a
i
g
h
t
-
lin
e
m
e
t
hod, usin
g
t
h
e
f
ollowin
g
r
a
t
e
s o
f
c
a
lcul
a
t
ion o
f
d
e
pr
e
ci
a
t
ion o
f
f
i
x
e
d
a
ss
e
t
s, which
a
r
e
b
a
s
e
d on
t
h
e
e
v
a
lu
a
t
ion o
f
t
h
e
us
e
f
ul s
e
r
v
ic
e
li
f
e
o
f
f
i
x
e
d
a
ss
e
t
s wi
t
h r
e
g
a
rd
t
o br
ea
k
down o
f
f
i
x
e
d
a
ss
e
t
s
a
ccoun
t
e
d
f
or in
t
o c
a
t
e
g
ori
e
s:
Cat
e
g
o
r
y
i
n f
i
nan
ci
a
l
a
cc
o
unt
i
ng
D
e
pr
e
ci
at
i
o
nIt
e
m
o
f th
e
f
i
nan
ci
a
l
stat
e
m
e
nts
rat
e
%
Buildin
g
s1.5
-
12.5L
a
nd plo
t
s, buildin
g
s
a
nd
e
n
g
in
ee
rin
g
s
t
ruc
t
ur
e
s
En
g
in
ee
rin
g
s
t
ruc
t
ur
e
s1.5
-
12.5L
a
nd plo
t
s, buildin
g
s
a
nd
e
n
g
in
ee
rin
g
s
t
ruc
t
ur
e
s
T
e
chnolo
g
ic
a
l d
e
v
ic
e
s whos
e
op
e
r
a
t
ion r
e
sul
t
s in
t
h
e
1.43
-
25
P
l
a
n
t
a
nd m
a
chin
e
r
y
ch
a
n
g
e
o
f
subs
t
a
nc
e
qu
a
li
t
i
e
s
P
l
a
n
t
a
nd
t
e
chnic
a
l
e
quipm
e
n
t
10; 12.5
O
t
h
e
r
f
i
x
e
d
a
ss
e
t
s
Furni
t
ur
e
a
nd o
ff
ic
e
e
quipm
e
n
t
10; 12.5
O
t
h
e
r
f
i
x
e
d
a
ss
e
t
s
Compu
t
e
rs
a
nd
e
quipm
e
n
t
20
O
t
h
e
r
f
i
x
e
d
a
ss
e
t
s
C
a
rs 15; 20
O
t
h
e
r
f
i
x
e
d
a
ss
e
t
s
Tools
a
nd
e
quipm
e
n
t
8;10;12,5;15;20;
O
t
h
e
r
f
i
x
e
d
a
ss
e
t
s
50
Es
t
im
a
t
e
d r
e
sidu
a
l
v
a
lu
e
s
a
nd p
e
riods o
f
us
e
f
ul us
e
o
f
a
ss
e
t
s
a
r
e
r
e
v
i
e
w
e
d
a
nd
a
d
j
us
t
e
d, wh
e
n n
ee
d
e
d, on
t
h
e
d
a
t
e
o
f
ea
ch r
e
por
t
.
Th
e
Comp
a
n
y
c
a
pi
t
a
lis
e
s
t
h
e
f
i
x
e
d
a
ss
e
t
s,
t
h
e
v
a
lu
e
o
f
which
e
x
c
ee
ds E
U
R 150
a
nd
t
h
e
us
e
f
ul li
f
e
o
f
which
e
x
c
ee
ds 1
y
ea
r.
D
e
pr
e
ci
a
t
ion on impro
v
e
m
e
n
t
s
a
nd o
t
h
e
r in
v
e
n
t
or
y
,
t
h
e
v
a
lu
e
o
f
which do
e
s no
t
e
x
c
ee
d E
U
R 150,
is c
a
lcul
a
t
e
d in
t
h
e
a
moun
t
o
f
100
%
a
f
t
e
r
t
h
e
commissionin
g
t
h
e
r
e
o
f
.
Curr
e
n
t
r
e
p
a
irs
a
nd m
a
in
t
e
n
a
nc
e
cos
t
s o
f
f
i
x
e
d
a
ss
e
t
s
a
r
e
includ
e
d in
t
h
e
pro
f
i
t
a
nd loss s
t
a
t
e
m
e
n
t
o
f
t
h
e
p
e
riod
in which
t
h
e
y
a
r
e
incurr
e
d.
Th
e
a
ccoun
t
in
g
v
a
lu
e
o
f
a
n i
t
e
m o
f
f
i
x
e
d
a
ss
e
t
s is d
e
r
e
co
g
nis
e
d on dispos
a
l or wh
e
n no
f
u
t
ur
e
e
conomic b
e
n
e
f
i
t
s
a
r
e
e
x
p
e
c
t
e
d
f
rom i
t
s us
e
.
9
)
R
e
v
a
l
uat
i
o
n
o
f
l
o
ng
-
t
e
rm
i
n
v
e
stm
e
nts
(
1
.
4
.
)
B
y
d
e
ro
g
a
t
ion
f
rom
t
h
e
L
a
w on
t
h
e
Annu
a
l Fin
a
nci
a
l S
t
a
t
e
m
e
n
t
s
a
nd Consolid
a
t
e
d Fin
a
nci
a
l S
t
a
t
e
m
e
n
t
s,
t
h
e
f
i
x
e
d
a
ss
e
t
ob
j
e
c
t
s, whos
e
v
a
lu
e
is consid
e
r
a
bl
y
hi
g
h
e
r
t
h
a
n
t
h
e
cos
t
s o
f
i
t
s
a
cquisi
t
ion or cos
t
s o
f
i
t
s produc
t
ion, or
t
h
e
e
v
a
lu
a
t
ion in
t
h
e
b
a
l
a
nc
e
sh
ee
t
o
f
t
h
e
pr
e
v
ious
y
ea
r, m
a
y
b
e
r
e
v
a
lu
a
t
e
d
a
ccordin
g
t
o
t
h
e
hi
g
h
e
s
t
v
a
lu
e
, i
f
t
h
e
incr
ea
s
e
in
v
a
lu
e
is
a
ssum
e
d
t
o b
e
lon
g-
t
e
rm.
O
n
t
h
e
o
t
h
e
r h
a
nd, i
f
a
si
g
ni
f
ic
a
n
t
a
nd prolon
g
e
d imp
a
irm
e
n
t
o
f
f
i
x
e
d
a
ss
e
t
s is id
e
n
t
i
f
i
e
d
a
s
a
t
t
h
e
b
a
l
a
nc
e
sh
ee
t
d
a
t
e
,
t
h
e
r
e
sul
t
in
g
r
e
co
v
e
r
a
bl
e
a
moun
t
is low
e
r
t
h
a
n
t
h
e
c
a
rr
y
in
g
a
moun
t
on
t
h
e
b
a
l
a
nc
e
sh
ee
t
,
t
h
e
Comp
a
n
y
r
e
co
g
nis
e
s
a
n
a
ss
e
t
imp
a
irm
e
n
t
loss, which is wri
tt
e
n o
ff
in
t
h
e
r
e
por
t
in
g
y
ea
r, in which i
t
w
a
s s
t
a
t
e
d.
W
h
e
n
t
h
e
r
e
is no lon
g
e
r
a
n
y
b
a
sis
f
or
a
ss
e
t
imp
a
irm
e
n
t
, i
t
is d
e
r
e
co
g
nis
e
d
a
t
t
h
e
low
e
r o
f
cos
t
r
e
co
g
nisin
g
in incom
e
t
h
e
a
moun
t
wri
tt
e
n down in
t
o
e
x
p
e
ns
e
s, wh
e
n
t
h
e
v
a
lu
e
imp
a
irm
e
n
t
w
a
s
s
t
a
t
e
d.
Th
e
di
ff
e
r
e
nc
e
b
e
t
w
ee
n
t
h
e
e
v
a
lu
a
t
ion m
a
d
e
b
a
s
e
d on
t
h
e
cos
t
s o
f
a
cquisi
t
ion
a
nd
t
h
e
cos
t
o
f
produc
t
ion
a
nd
t
h
e
e
v
a
lu
a
t
ion m
a
d
e
b
a
s
e
d on
t
h
e
r
e
v
a
lu
a
t
ion, which r
e
sul
t
s
f
rom such
a
r
e
v
a
lu
a
t
ion, i
f
t
his di
ff
e
r
e
nc
e
is posi
t
i
v
e
(
h
e
r
e
in
a
f
t
e
r r
e
f
e
rr
e
d
t
o
a
s incr
ea
s
e
in
v
a
lu
e
)
, is includ
e
d in
t
h
e
r
e
sp
e
c
t
i
v
e
b
a
l
a
nc
e
sh
ee
t
i
t
e
m, which sp
e
ci
f
i
e
s
t
h
e
f
i
x
e
d
a
ss
e
t
ob
j
e
c
t
b
e
in
g
r
e
v
a
lu
a
t
e
d,
a
nd in
t
h
e
b
a
l
a
nc
e
sh
ee
t
e
qui
t
y
a
nd li
a
bili
t
i
e
s i
t
e
m
“
Lon
g-
t
e
rm in
v
e
s
t
m
e
n
t
s
r
e
v
a
lu
a
t
ion r
e
s
e
r
v
e
”
in
t
h
e
“
Equi
t
y”
s
e
c
t
ion. Th
e
lon
g-
t
e
rm in
v
e
s
t
m
e
n
t
s r
e
v
a
lu
a
t
ion r
e
s
e
r
v
e
do
e
s no
t
includ
e
t
h
e
18
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
Addr
e
ss:
G
ā
l
e
s i
e
l
a
2, Ri
g
a
, LV
-
1015
R
e
g
is
t
r
a
t
ion numb
e
r: 40003045892
A
NNU
AL RE
PO
RT
For
t
h
e
p
e
riod: 01.01.2021 – 31.12.2021
N
o
t
e
s t
o
th
e
f
i
nan
ci
a
l
stat
e
m
e
nt
19
a
moun
t
b
y
which
t
h
e
incr
ea
s
e
in
v
a
lu
e
r
e
sul
t
in
g
f
rom r
e
v
a
lu
a
t
ion
f
ull
y
or p
a
r
t
i
a
ll
y
o
ff
s
e
t
s
t
h
e
imp
a
irm
e
n
t
a
d
j
us
t
m
e
n
t
s
f
or
t
h
e
s
a
m
e
f
i
x
e
d
a
ss
e
t
ob
j
e
c
t
t
h
a
t
w
e
r
e
includ
e
d in
t
h
e
pro
f
i
t
a
nd loss s
t
a
t
e
m
e
n
t
in pr
e
v
ious
r
e
por
t
in
g
y
ea
rs
a
s
e
x
p
e
ns
e
s. This
a
moun
t
is includ
e
d in
t
h
e
pro
f
i
t
a
nd loss s
t
a
t
e
m
e
n
t
a
s r
e
v
e
nu
e
in
t
h
e
r
e
por
t
in
g
y
ea
r
in which
t
h
e
incr
ea
s
e
in
t
h
e
v
a
lu
e
o
f
t
h
e
f
i
x
e
d
a
ss
e
t
ob
j
e
c
t
w
a
s s
t
a
t
e
d.
Th
e
a
nnu
a
l d
e
pr
e
ci
a
t
ion o
f
a
r
e
v
a
lu
e
d
f
i
x
e
d
a
ss
e
t
s i
t
e
m in
t
h
e
curr
e
n
t
r
e
por
t
in
g
y
ea
r is c
a
lcul
a
t
e
d b
a
s
e
d on
t
h
e
v
a
lu
e
o
f
t
h
a
t
ob
j
e
c
t
in
t
h
e
r
e
sp
e
c
t
i
v
e
r
e
por
t
in
g
y
ea
r
a
nd is includ
e
d in
t
h
e
pro
f
i
t
a
nd loss s
t
a
t
e
m
e
n
t
in
t
h
e
s
a
m
e
a
moun
t
s
a
s
t
h
e
e
x
p
e
ns
e
s.
Th
e
lon
g-
t
e
rm in
v
e
s
t
m
e
n
t
s r
e
v
a
lu
a
t
ion r
e
s
e
r
v
e
is r
e
duc
e
d i
f
t
h
e
r
e
v
a
lu
e
d
f
i
x
e
d
a
ss
e
t
ob
j
e
c
t
is dispos
e
d o
f
,
liquid
a
t
e
d or
t
h
e
r
e
is no lon
g
e
r
a
b
a
sis
f
or incr
ea
sin
g
i
t
s
v
a
lu
e
or wh
e
n c
a
lcul
a
t
in
g
t
h
e
a
nnu
a
l d
e
pr
e
ci
a
t
ion o
f
t
h
e
r
e
v
a
lu
e
d
f
i
x
e
d
a
ss
e
t
s ob
j
e
c
t
. Th
e
r
e
v
a
lu
a
t
ion r
e
s
e
r
v
e
imp
a
irm
e
n
t
is includ
e
d in
t
h
e
pro
f
i
t
a
nd loss s
t
a
t
e
m
e
n
t
a
s
r
e
v
e
nu
e
in
t
h
e
r
e
por
t
in
g
y
ea
r, in which
t
his imp
a
irm
e
n
t
occurr
e
d.
Th
e
lon
g-
t
e
rm in
v
e
s
t
m
e
n
t
s r
e
v
a
lu
a
t
ion r
e
s
e
r
v
e
is no
t
p
a
id ou
t
, dis
t
ribu
t
e
d in di
v
id
e
nds
a
nd is no
t
us
e
d
t
o co
v
e
r
loss
e
s, incr
ea
s
e
sh
a
r
e
c
a
pi
t
a
l, cr
ea
t
e
o
t
h
e
r r
e
s
e
r
v
e
s or
f
or o
t
h
e
r purpos
e
s.
In
a
ccord
a
nc
e
wi
t
h
S
e
c
t
ion 6
(
5
)
o
f
t
h
e
En
t
e
rpris
e
Incom
e
T
a
x
L
a
w, wh
e
n
t
h
e
incom
e
li
a
bl
e
t
o
e
n
t
e
rpris
e
incom
e
t
a
x
is d
e
t
e
rmin
e
d,
t
h
e
r
e
sul
t
s o
f
r
e
v
a
lu
a
t
ion o
f
b
a
l
a
nc
e
a
nd o
ff-
b
a
l
a
nc
e
i
t
e
ms
(
wi
t
h
t
h
e
e
x
c
e
p
t
ion o
f
r
e
v
a
lu
a
t
ion o
f
a
ss
e
t
s du
e
t
o ch
a
n
g
e
s in
f
or
e
i
g
n curr
e
nc
y
r
a
t
e
s
)
sh
a
ll no
t
b
e
t
a
k
e
n in
t
o
a
ccoun
t
.
10
)
In
v
e
nt
o
r
i
e
s
(
1
.
4
.
2
.
1
)
R
a
w m
a
t
e
ri
a
ls
a
nd m
a
t
e
ri
a
ls in
t
h
e
a
nnu
a
l r
e
por
t
a
r
e
a
ss
e
ss
e
d
a
ccordin
g
t
o FIF
O
m
e
t
hod
(f
irs
t
in,
f
irs
t
ou
t
)
.
Th
e
Comp
a
n
y
a
ppli
e
s on
e
a
nd
t
h
e
s
a
m
e
m
e
t
hod
f
or
t
h
e
d
e
t
e
rmin
a
t
ion o
f
t
h
e
us
a
g
e
a
nd r
e
m
a
ind
e
r
v
a
lu
e
o
f
in
v
e
n
t
or
y
f
or
a
ll in
v
e
n
t
or
y
o
f
simil
a
r
t
y
p
e
a
nd us
a
g
e
.
Th
e
v
a
lu
e
o
f
in
v
e
n
t
or
y
is corr
e
c
t
e
d so
t
h
a
t
on
t
h
e
b
a
l
a
nc
e
sh
ee
t
d
a
t
e
i
t
would b
e
v
a
lu
e
d in
a
ccord
a
nc
e
wi
t
h
t
h
e
a
cquisi
t
ion cos
t
s or produc
t
ion cos
t
or
t
h
e
low
e
s
t
m
a
r
k
e
t
pric
e
s on
t
his d
a
t
e
d
e
p
e
ndin
g
on
t
h
e
low
e
s
t
o
f
t
h
e
s
e
indic
a
t
ors or in sp
e
ci
a
l c
a
s
e
s
—
in
a
ccord
a
nc
e
wi
t
h
t
h
e
n
e
t
s
a
l
e
s
v
a
lu
e
. In
v
e
n
t
or
y
imp
a
irm
e
n
t
a
d
j
us
t
m
e
n
t
s m
a
y
b
e
c
ea
s
e
d i
f
t
h
e
imp
a
irm
e
n
t
is no
t
j
us
t
i
f
i
e
d
a
n
y
mor
e
.
11
)
R
e
c
e
iv
ab
l
e
s
(
1
.
4
.
2
.
2
)
Accoun
t
s r
e
c
e
i
v
a
bl
e
a
r
e
m
ea
sur
e
d wi
t
h c
a
u
t
ion, showin
g
onl
y
a
c
t
u
a
l r
e
c
e
i
v
a
bl
e
s in
t
h
e
b
a
l
a
nc
e
sh
ee
t
.
Sp
e
ci
a
l pro
v
isions
f
or doub
t
f
ul d
e
b
t
s
a
r
e
cr
ea
t
e
d in c
a
s
e
s wh
e
n
t
h
e
m
a
n
a
g
e
m
e
n
t
consid
e
rs
t
h
e
coll
e
c
t
ibili
t
y
o
f
t
h
e
s
e
a
ccoun
t
s r
e
c
e
i
v
a
bl
e
doub
t
f
ul upon
e
v
a
lu
a
t
ion o
f
ea
ch d
e
b
t
or indi
v
idu
a
ll
y
. Imp
a
irm
e
n
t
pro
v
ision is
t
h
e
di
ff
e
r
e
nc
e
b
e
t
w
ee
n
t
h
e
a
ss
e
t
’s boo
k
v
a
lu
e
a
nd
t
h
e
pr
e
s
e
n
t
v
a
lu
e
o
f
t
h
e
e
s
t
im
a
t
e
d
f
u
t
ur
e
c
a
sh
f
low d
e
t
e
rmin
e
d b
y
discoun
t
in
g
a
t
t
h
e
e
ff
e
c
t
i
v
e
in
t
e
r
e
s
t
r
a
t
e
. Th
e
sum o
f
pro
v
isions is includ
e
d in
t
h
e
i
t
e
m o
f
t
h
e
pro
f
i
t
a
nd loss
s
t
a
t
e
m
e
n
t
“O
t
h
e
r op
e
r
a
t
in
g
e
x
p
e
ns
e
s
”
. B
a
d d
e
b
t
s
a
r
e
wri
tt
e
n o
ff
a
s loss
e
s in
t
h
e
r
e
por
t
in
g
y
ea
r.
12
)
In
v
e
stm
e
nts
i
nt
o
th
e
gr
o
up’s subs
i
d
i
ar
i
e
s and ass
o
ci
at
e
s,
o
th
e
r
i
n
v
e
stm
e
nts
(
1
.
4
.
1
.
3
)
In
v
e
s
t
m
e
n
t
s in
t
h
e
c
a
pi
t
a
l o
f
a
ssoci
a
t
e
s
(
i.
e
. comp
a
ni
e
s in which
t
h
e
Comp
a
n
y
owns mor
e
t
h
a
n 50
%
o
f
t
h
e
sh
a
r
e
c
a
pi
t
a
l or o
t
h
e
rwis
e
con
t
rols
)
a
r
e
ini
t
i
a
ll
y
m
ea
sur
e
d
a
t
cos
t
. Con
t
rol is
t
h
e
pow
e
r
t
o
g
o
v
e
rn
t
h
e
f
in
a
nci
a
l
a
nd
op
e
r
a
t
in
g
polici
e
s o
f
t
h
e
o
t
h
e
r
e
n
t
i
t
y
.
Associ
a
t
e
s
a
r
e
t
hos
e
e
n
t
i
t
i
e
s in which
t
h
e
Comp
a
n
y
h
a
s si
g
ni
f
ic
a
n
t
in
f
lu
e
nc
e
, bu
t
no
t
con
t
rol,
g
e
n
e
r
a
ll
y
b
e
t
w
ee
n
20
%
a
nd 50
%
o
f
t
h
e
v
o
t
in
g
ri
g
h
t
s. Si
g
ni
f
ic
a
n
t
in
f
lu
e
nc
e
is
t
h
e
pow
e
r
t
o p
a
r
t
icip
a
t
e
in
t
h
e
f
in
a
nci
a
l
a
nd op
e
r
a
t
in
g
polic
y
d
e
cisions o
f
t
h
e
o
t
h
e
r
e
n
t
i
t
y
bu
t
is no
t
con
t
rol or
j
oin
t
con
t
rol o
v
e
r
t
hos
e
polici
e
s. In
v
e
s
t
m
e
n
t
s in
a
ssoci
a
t
e
s
a
r
e
ini
t
i
a
ll
y
m
ea
sur
e
d
a
t
cos
t
.
O
t
h
e
r
f
in
a
nci
a
l in
v
e
s
t
m
e
n
t
s
a
r
e
in
v
e
s
t
m
e
n
t
s in
t
h
e
sh
a
r
e
c
a
pi
t
a
l o
f
o
t
h
e
r comp
a
ni
e
s in
t
h
e
a
moun
t
o
f
no
t
mor
e
t
h
a
n 20
%
o
f
t
h
e
sh
a
r
e
c
a
pi
t
a
l o
f
t
h
e
comp
a
n
y
.
Shor
t
-
t
e
rm in
v
e
s
t
m
e
n
t
s, includin
g
in
v
e
s
t
m
e
n
t
s in
t
o
t
h
e
g
roup’s subsidi
a
ri
e
s
a
nd
a
ssoci
a
t
e
d comp
a
ni
e
s,
a
r
e
lis
t
e
d in
t
h
e
ir
a
cquisi
t
ion
v
a
lu
e
, which is
a
d
j
us
t
e
d in c
a
s
e
s o
f
con
t
inu
e
d incr
ea
s
e
or d
e
cr
ea
s
e
o
f
t
h
e
ir
v
a
lu
e
.
W
h
e
n
e
v
e
r
e
v
e
n
t
s
or ch
a
n
g
e
s in circums
t
a
nc
e
s indic
a
t
e
t
h
a
t
t
h
e
boo
k
v
a
lu
e
o
f
a
n in
v
e
s
t
m
e
n
t
m
a
y
no
t
b
e
r
e
co
v
e
r
a
bl
e
,
t
h
e
v
a
lu
e
o
f
t
h
e
r
e
sp
e
c
t
i
v
e
in
v
e
s
t
m
e
n
t
s is r
e
v
is
e
d
t
o d
e
t
e
rmin
e
i
t
s imp
a
irm
e
n
t
. An imp
a
irm
e
n
t
loss is r
e
co
g
nis
e
d in
t
h
e
pro
f
i
t
or
loss s
t
a
t
e
m
e
n
t
.
13
)
A
cc
ru
e
d
li
ab
ili
t
i
e
s
(
1
.
4
)
Th
e
b
a
l
a
nc
e
sh
ee
t
i
t
e
m
“
Accru
e
d li
a
bili
t
i
e
s
”
shows cl
ea
rl
y
k
nown
t
r
a
d
e
p
a
y
a
bl
e
s
f
or
g
oods
a
nd s
e
r
v
ic
e
s
r
e
c
e
i
v
e
d durin
g
t
h
e
r
e
por
t
in
g
y
ea
r, i
f
no corr
e
spondin
g
s
e
tt
l
e
m
e
n
t
docum
e
n
t
(
in
v
oic
e
)
h
a
s b
ee
n r
e
c
e
i
v
e
d
y
e
t
on
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
Addr
e
ss:
G
ā
l
e
s i
e
l
a
2, Ri
g
a
, LV
-
1015
R
e
g
is
t
r
a
t
ion numb
e
r: 40003045892
A
NNU
AL RE
PO
RT
For
t
h
e
p
e
riod: 01.01.2021 – 31.12.2021
N
o
t
e
s t
o
th
e
f
i
nan
ci
a
l
stat
e
m
e
nt
20
t
h
e
b
a
l
a
nc
e
sh
ee
t
d
a
t
e
in compli
a
nc
e
wi
t
h
t
h
e
pro
v
isions o
f
suppl
y
, purch
a
s
e
or con
t
r
a
c
t
a
g
r
ee
m
e
n
t
or du
e
t
o
o
t
h
e
r r
ea
sons.
Th
e
Comp
a
n
y
f
orms pro
v
isions
f
or unus
e
d
v
a
c
a
t
ion li
a
bili
t
i
e
s
t
ow
a
rd
e
mplo
y
ee
s.
Accru
e
d cos
t
s
f
or unus
e
d
v
a
c
a
t
ions
a
r
e
e
s
t
im
a
t
e
d b
y
mul
t
ipl
y
in
g
a
v
e
r
a
g
e
d
a
il
y
ea
rnin
g
s o
f
e
mplo
y
ee
s in
t
h
e
l
a
s
t
si
x
mon
t
hs o
f
t
h
e
r
e
por
t
in
g
y
ea
r b
y
t
h
e
numb
e
r o
f
unus
e
d
v
a
c
a
t
ion d
a
y
s
a
ccumul
a
t
e
d
a
t
t
h
e
e
nd o
f
t
h
e
r
e
por
t
in
g
y
ea
r.
14
)
C
o
rp
o
rat
e
i
n
c
o
m
e
ta
x
(
1
.
4
)
Corpor
a
t
e
incom
e
t
a
x
, in
a
ccord
a
nc
e
wi
t
h
t
h
e
r
e
quir
e
m
e
n
t
s o
f
t
h
e
L
a
w on Corpor
a
t
e
Incom
e
T
a
x
, consis
t
s o
f
t
h
e
corpor
a
t
e
incom
e
t
a
x
c
a
lcul
a
t
e
d
f
or
t
h
e
r
e
por
t
in
g
y
ea
r, which is r
e
co
g
nis
e
d in
t
h
e
pro
f
i
t
a
nd loss s
t
a
t
e
m
e
n
t
.
Corpor
a
t
e
incom
e
t
a
x
is c
a
lcul
a
t
e
d on dis
t
ribu
t
e
d pro
f
i
t
(
di
v
id
e
nds
)
a
nd condi
t
ion
a
ll
y
dis
t
ribu
t
e
d pro
f
i
t
,
f
or
which
t
h
e
corpor
a
t
e
incom
e
t
a
x
b
a
s
e
is incr
ea
s
e
d.
15
)
Cash and
c
ash
e
qu
iv
a
l
e
nts
(
1
.
4
.
2
.
3
)
For
t
h
e
purpos
e
s o
f
t
h
e
c
a
sh
f
low s
t
a
t
e
m
e
n
t
, c
a
sh
a
nd i
t
s
e
qui
v
a
l
e
n
t
s in
t
h
e
c
a
sh
f
low s
t
a
t
e
m
e
n
t
compris
e
s c
a
sh
a
t
b
a
n
k
a
nd shor
t
-
t
e
rm d
e
posi
t
s wi
t
h
t
h
e
t
e
rm up
t
o 90 d
a
y
s.
16
)
F
i
nan
ci
a
l
a
i
d and supp
o
rt, d
o
nat
i
o
ns and g
i
fts
(
5
.
2
)
Th
e
r
e
c
e
i
v
e
d
f
in
a
nci
a
l suppor
t
is includ
e
d in
t
h
e
incom
e
o
f
t
h
e
r
e
por
t
in
g
y
ea
r in which
t
h
e
f
in
a
nci
a
l
a
id or
f
in
a
nci
a
l suppor
t
is r
e
c
e
i
v
e
d.
Th
e
f
in
a
nci
a
l
a
id
a
nd suppor
t
r
e
c
e
i
v
e
d
f
or
t
h
e
f
orm
a
t
ion o
f
f
i
x
e
d
a
ss
e
t
s
a
r
e
lis
t
e
d
a
s d
e
f
e
rr
e
d incom
e
t
h
a
t
is
g
r
a
du
a
ll
y
includ
e
d in
t
h
e
incom
e
durin
g
t
h
e
us
e
f
ul li
f
e
o
f
t
h
e
f
i
x
e
d
a
ss
e
t
s, which h
a
v
e
b
ee
n r
e
c
e
i
v
e
d or
purch
a
s
e
d usin
g
t
h
e
f
in
a
nci
a
l
a
id
a
nd suppor
t
.
O
t
h
e
r
g
r
a
n
t
s
a
r
e
r
e
f
e
rr
e
d
t
o
t
h
e
r
e
sul
t
s o
f
t
h
e
r
e
por
t
in
g
y
ea
r in
t
h
e
p
e
riod o
f
r
e
c
e
i
v
in
g
t
h
e
g
r
a
n
t
s. I
f
, in
t
h
e
y
ea
rs
f
ollowin
g
t
h
e
inclusion o
f
t
h
e
f
in
a
nci
a
l suppor
t
r
e
c
e
i
v
e
d in
t
h
e
b
a
l
a
nc
e
sh
ee
t
or pro
f
i
t
a
nd loss s
t
a
t
e
m
e
n
t
, i
t
is
f
ound
t
h
a
t
a
n
y
o
f
t
h
e
condi
t
ions o
f
t
h
e
f
in
a
nci
a
l suppor
t
pro
v
id
e
r
a
r
e
no
t
m
e
t
a
nd
t
h
e
f
in
a
nci
a
l suppor
t
r
e
c
e
i
v
e
d mus
t
b
e
r
e
p
a
id in
f
ull or in p
a
r
t
,
t
h
e
n, i
f
t
h
e
a
moun
t
o
f
f
in
a
nci
a
l suppor
t
r
e
c
e
i
v
e
d is includ
e
d in
t
h
e
b
a
l
a
nc
e
sh
ee
t
i
t
e
m
“
D
e
f
e
rr
e
d incom
e
”
a
nd is no
t
y
e
t
f
ull
y
includ
e
d in
t
h
e
r
e
v
e
nu
e
o
f
t
h
e
r
e
sp
e
c
t
i
v
e
r
e
por
t
in
g
y
ea
rs,
t
h
e
b
a
l
a
nc
e
o
f
t
h
e
b
a
l
a
nc
e
sh
ee
t
i
t
e
m
“
D
e
f
e
rr
e
d incom
e
”
sh
a
ll b
e
us
e
d
f
irs
t
t
o wri
t
e
o
ff
t
h
e
a
moun
t
o
f
f
in
a
nci
a
l suppor
t
t
o b
e
r
e
p
a
id, includin
g
in
t
h
e
cos
t
s o
f
t
h
e
r
e
por
t
in
g
y
ea
r onl
y
t
h
e
e
x
c
e
ss o
f
t
h
e
r
e
p
a
id
f
in
a
nci
a
l suppor
t
no
t
co
v
e
r
e
d
f
rom
t
h
e
b
a
l
a
nc
e
o
f
t
his i
t
e
m.
In c
a
s
e
t
h
e
comp
a
n
y
j
us
t
l
y
b
e
li
e
v
e
s
t
h
a
t
a
ll condi
t
ions r
e
l
a
t
e
d
t
o
t
h
e
r
e
c
e
ip
t
o
f
f
in
a
nci
a
l
a
id will b
e
m
e
t
a
nd
t
h
e
r
e
p
a
y
m
e
n
t
o
f
suppor
t
e
d
e
x
p
e
ns
e
s will b
e
r
e
c
e
i
v
e
d,
t
h
e
Comp
a
n
y
includ
e
s
t
h
e
r
e
c
e
i
v
a
bl
e
f
in
a
nci
a
l suppor
t
in
t
h
e
incom
e
b
e
f
or
e
t
h
e
suppor
t
e
d
e
x
p
e
ns
e
s
a
r
e
r
e
p
a
id. This sum is indic
a
t
e
d in
t
h
e
i
t
e
m
“
Accru
e
d incom
e
”
o
f
t
h
e
f
in
a
nci
a
l s
t
a
t
e
m
e
n
t
.
17
)
F
i
nan
ci
a
l
li
ab
ili
t
i
e
s, grant
e
d warrant
i
e
s and
o
th
e
r
c
o
nt
i
ng
e
nt
li
ab
ili
t
i
e
s n
o
t
i
n
cl
ud
e
d
i
n th
e
ba
l
an
c
e
sh
ee
t
17
.
1
.
L
i
ab
ili
t
i
e
s fo
r
c
on
cl
ud
e
d
l
e
as
e
and
r
e
n
t
ag
r
ee
m
e
n
t
s,
w
h
ic
h a
r
e
i
mpo
r
t
an
t
fo
r
t
h
e
c
ompan
y
’s a
c
t
i
v
i
t
y
Th
e
Comp
a
n
y
h
a
s conclud
e
d l
a
nd
a
nd b
e
r
t
h l
ea
s
e
a
g
r
ee
m
e
n
t
s wi
t
h
t
h
e
Fr
ee
por
t
o
f
Ri
g
a
Au
t
hori
t
y
. Th
e
a
g
r
ee
m
e
n
t
s
a
r
e
v
a
lid un
t
il 31 Au
g
us
t
2028. A
f
t
e
r
t
h
e
e
x
pir
a
t
ion o
f
t
h
e
a
g
r
ee
m
e
n
t
,
t
h
e
Comp
a
n
y
h
a
s
a
pr
e
-
e
mp
t
i
v
e
ri
g
h
t
t
o
e
x
t
e
nd
t
h
e
a
g
r
ee
m
e
n
t
.
17
.
2
.
Info
r
ma
t
i
on abou
t
p
l
e
dg
e
d o
r
o
t
h
e
r
w
i
s
e
e
n
c
umb
e
r
e
d ass
e
t
s of
t
h
e
c
ompan
y
(
1
.
8
.
3
)
O
n 12
D
e
c
e
mb
e
r 2014, Mor
t
g
a
g
e
A
g
r
ee
m
e
n
t
N
o. 14
-
F
P-
0328/01 on
a
mor
t
g
a
g
e
on
t
h
e
r
ea
l
e
s
t
a
t
e
a
nd
t
wo
b
e
r
t
hs o
f
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
w
a
s conclud
e
d b
e
t
w
ee
n AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
a
nd AS
“
ABLV B
a
n
k”
. Th
e
immo
v
a
bl
e
prop
e
r
t
i
e
s w
e
r
e
pl
e
d
g
e
d
a
s
a
s
e
curi
t
y
f
or
t
h
e
li
a
bili
t
i
e
s o
f
AS
“
R
e
m
a
rs
-
Rī
g
a
”
t
o AS
“
ABLV B
a
n
k”
a
risin
g
f
rom Lo
a
n A
g
r
ee
m
e
n
t
N
o. 14
-
F
P-
032 o
f
12
D
e
c
e
mb
e
r 2014. In 2021,
t
h
e
Comp
a
n
y
co
v
e
r
e
d
a
ll cr
e
di
t
li
a
bili
t
i
e
s o
f
AS
“
R
e
m
a
rs
-
Rī
g
a
”
t
o AS
“
ABLV B
a
n
k”
a
nd
t
h
e
mor
t
g
a
g
e
on
t
h
e
Comp
a
n
y
’s
a
ss
e
t
s w
a
s
e
x
t
in
g
uish
e
d.
U
nd
e
r
t
h
e
g
u
a
r
a
n
t
ee
, AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
h
a
s co
v
e
r
e
d
t
h
e
li
a
bili
t
i
e
s o
f
AS
“
R
e
m
a
rs
-
Rī
g
a
”
in
t
h
e
t
o
t
a
l
a
moun
t
o
f
E
U
R 611,471.
O
n 14
D
e
c
e
mb
e
r 2017, Ship Bond
N
o. 2 w
a
s pr
e
p
a
r
e
d in
t
h
e
L
a
t
v
i
a
n Ship R
e
g
is
t
e
r
f
or
t
h
e
pl
e
d
g
e
o
f
t
h
e
t
u
g
“O
r
k
ā
ns
”
a
nd Ship Bond
N
o. 3 pl
e
d
g
in
g
t
h
e
f
lo
a
t
in
g
cr
a
n
e
“
CELT
N
IS 24
”
in
f
a
v
our o
f
AS
“
L
a
t
v
e
n
e
r
g
o
”
a
s
a
s
e
curi
t
y
f
or li
a
bili
t
i
e
s o
f
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
a
nd sh
a
ll r
e
m
a
in in
f
orc
e
un
t
il
t
h
e
s
e
cur
e
d obli
g
a
t
ions h
a
v
e
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
Addr
e
ss:
G
ā
l
e
s i
e
l
a
2, Ri
g
a
, LV
-
1015
R
e
g
is
t
r
a
t
ion numb
e
r: 40003045892
A
NNU
AL RE
PO
RT
For
t
h
e
p
e
riod: 01.01.2021 – 31.12.2021
N
o
t
e
s t
o
th
e
f
i
nan
ci
a
l
stat
e
m
e
nt
21
b
ee
n
f
ull
y
f
ul
f
ill
e
d. Th
e
a
moun
t
o
f
t
h
e
s
e
cur
e
d cl
a
im is E
U
R 190,000
a
nd E
U
R 270,000. Th
e
b
a
l
a
nc
e
sh
ee
t
v
a
lu
e
o
f
t
h
e
pl
e
d
g
e
d
f
lo
a
t
in
g
v
e
ss
e
ls
a
s
a
t
31
D
e
c
e
mb
e
r 2021 is E
U
R 45,442
f
or
t
h
e
t
u
g
“O
r
k
ā
ns
”
a
nd E
U
R 114,506
f
or
t
h
e
f
lo
a
t
in
g
cr
a
n
e
“
CELT
N
IS 24
”
(
S
P
K
-
24
)
.
Th
e
Comp
a
n
y
h
a
s no
t
pro
v
id
e
d
a
n
y
o
t
h
e
r
g
u
a
r
a
n
t
ee
s or w
a
rr
a
n
t
i
e
s, h
a
s no p
e
nsion li
a
bili
t
i
e
s or simil
a
r
li
a
bili
t
i
e
s
t
ow
a
rds
f
orm
e
r m
e
mb
e
rs o
f
t
h
e
g
o
v
e
rnin
g
bodi
e
s.
(
1
.
8
.
5
)
17
.
3
.
U
n
r
e
c
ogn
i
s
e
d
cl
a
i
ms
(
1
.
8
.
7
)
In 2021, l
e
g
a
l proc
ee
din
g
s w
e
r
e
ini
t
i
a
t
e
d
f
or
t
h
e
c
a
nc
e
ll
a
t
ion o
f
t
h
e
l
ea
s
e
a
g
r
ee
m
e
n
t
a
nd r
e
co
v
e
r
y
o
f
loss
e
s,
wh
e
r
e
t
h
e
pl
a
in
t
i
ff
a
s
t
h
e
l
e
ss
ee
f
il
e
d
a
cl
a
im
a
g
a
ins
t
t
h
e
Comp
a
n
y
a
s
t
h
e
l
e
ssor
f
or comp
e
ns
a
t
ion o
f
t
h
e
l
e
ss
ee
’s
e
x
p
e
ns
e
s
f
or i
t
s in
v
e
s
t
m
e
n
t
s in
t
h
e
Comp
a
n
y
’s in
f
r
a
s
t
ruc
t
ur
e
no
t
coordin
a
t
e
d wi
t
h
t
h
e
Comp
a
n
y
. As
t
h
e
Comp
a
n
y
do
e
s no
t
r
e
co
g
nis
e
t
h
e
cl
a
im
a
nd
t
h
e
j
udici
a
l proc
ee
din
g
s
a
r
e
curr
e
n
t
l
y
on
g
oin
g
, no
a
d
j
us
t
m
e
n
t
s h
a
v
e
b
ee
n m
a
d
e
t
o
t
h
e
f
in
a
nci
a
l s
t
a
t
e
m
e
n
t
s in conn
e
c
t
ion wi
t
h
t
h
e
s
e
j
udici
a
l proc
ee
din
g
s. Th
e
cour
t
h
ea
rin
g
is
sch
e
dul
e
d
f
or 2022.
18
)
Jud
ici
a
l
pr
o
c
ee
d
i
ngs
(
1
.
8
.
11
)
D
urin
g
t
h
e
r
e
por
t
in
g
y
ea
r,
t
h
e
Comp
a
n
y
h
a
s b
ee
n in
v
ol
v
e
d in
t
hr
ee
j
udici
a
l proc
ee
din
g
s which h
a
v
e
b
ee
n
conclud
e
d
a
t
t
h
e
d
a
t
e
o
f
t
h
e
a
nnu
a
l r
e
por
t
.
P
ursu
a
n
t
t
o
t
h
e
pro
v
isions o
f
t
h
e
l
a
ws
a
nd r
e
g
ul
a
t
ions o
f
t
h
e
R
e
public o
f
L
a
t
v
i
a
,
t
h
e
L
PP
pl
a
n o
f
m
ea
sur
e
s mus
t
indic
a
t
e
a
ll d
e
b
t
or’s li
a
bili
t
i
e
s, includin
g
t
hos
e
sub
j
e
c
t
t
o
a
dispu
t
e
,
t
h
e
princip
a
l
a
moun
t
s o
f
possibl
e
cr
e
di
t
ors’ cl
a
ims in
t
h
e
f
irs
t
t
wo proc
ee
din
g
s
a
r
e
includ
e
d in
t
h
e
Comp
a
n
y
’s L
PP
pl
a
n
o
f
m
ea
sur
e
s, b
e
c
a
us
e
f
ilin
g
a
n
a
c
t
ion
t
o cour
t
do
e
s no
t
g
i
v
e
ris
e
t
o
a
l
e
g
a
l b
a
sis
t
o i
g
nor
e
cr
e
di
t
or’s in
t
e
r
e
s
t
s:
18.1.In 2018,
j
udici
a
l proc
ee
din
g
s w
e
r
e
ini
t
i
a
t
e
d
f
or
t
h
e
r
e
co
v
e
r
y
o
f
d
e
b
t
a
nd d
e
f
a
ul
t
in
t
e
r
e
s
t
in
t
h
e
a
moun
t
o
f
E
U
R 111,246. Th
e
Comp
a
n
y
f
il
e
d
a
coun
t
e
rcl
a
im in cour
t
t
o r
e
co
g
nis
e
t
h
e
cr
e
di
t
or’s d
e
b
t
f
or
t
h
e
r
e
duc
t
ion o
f
t
h
e
Comp
a
n
y
’s li
a
bili
t
i
e
s.
P
ursu
a
n
t
t
o
t
h
e
j
ud
g
m
e
n
t
o
f
t
h
e
Ri
g
a
R
e
g
ion
a
l Cour
t
o
f
16 M
a
rch
2022,
t
h
e
cour
t
r
e
j
e
c
t
e
d
t
h
e
cl
a
im in
t
h
e
a
moun
t
o
f
E
U
R 33,442.56,
a
s
a
r
e
sul
t
o
f
which
t
h
e
Comp
a
n
y
h
a
s
a
princip
a
l d
e
b
t
in
t
h
e
a
moun
t
o
f
E
U
R 66,340.56.
P
ro
v
isions
f
or con
t
in
g
e
n
t
li
a
bili
t
i
e
s h
a
v
e
b
ee
n
e
s
t
a
blish
e
d durin
g
t
h
e
pr
e
p
a
r
a
t
ion o
f
t
h
e
f
in
a
nci
a
l s
t
a
t
e
m
e
n
t
f
or 2020. Th
e
r
e
m
a
inin
g
li
a
bili
t
i
e
s will b
e
cl
ea
r
e
d
a
ccordin
g
t
o
t
h
e
L
PP
sch
e
dul
e
.
18.2. In 2019,
j
udici
a
l proc
ee
din
g
s w
e
r
e
ini
t
i
a
t
e
d
f
or
t
h
e
r
e
co
v
e
r
y
o
f
s
t
a
t
e
suppor
t
f
undin
g
p
a
id
t
o
t
h
e
Comp
a
n
y
a
nd d
e
f
a
ul
t
in
t
e
r
e
s
t
in
t
h
e
a
moun
t
o
f
E
U
R 403,267. In
a
ccord
a
nc
e
wi
t
h
t
h
e
d
e
cision o
f
t
h
e
Kur
z
e
m
e
R
e
g
ion
a
l Cour
t
o
f
25
N
o
v
e
mb
e
r 2021,
t
h
e
f
in
a
ncin
g
r
e
c
e
i
v
e
d b
y
t
h
e
Comp
a
n
y
mus
t
b
e
r
e
t
urn
e
d in
t
h
e
a
moun
t
o
f
E
U
R 320,648, which should b
e
r
e
p
a
id b
a
s
e
d on p
a
y
m
e
n
t
s und
e
r
t
h
e
L
PP
pl
a
n. A
loss o
f
E
U
R 124,093 w
a
s r
e
co
g
nis
e
d in
t
h
e
pro
f
i
t
a
nd loss s
t
a
t
e
m
e
n
t
f
or 2020
a
nd li
a
bili
t
i
e
s w
e
r
e
r
e
f
l
e
c
t
e
d in lon
g-
t
e
rm
a
nd shor
t
-
t
e
rm i
t
e
ms “
D
efe
rr
e
d in
c
o
me
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PO
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p
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r: 40003045892
A
NNU
AL RE
PO
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For
t
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p
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riod: 01.01.2021 – 31.12.2021
N
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R
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AS
“
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NNU
AL RE
PO
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For
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p
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N
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12
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2020 243 228
D
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2021 237 921
39
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L
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Ini
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b
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O
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In 1999,
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RT
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p
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Raw mat
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e
n
t
o
f
t
h
e
v
a
lu
e
o
f
in
v
e
n
t
ori
e
s
a
moun
t
in
g
t
o E
U
R 676,805, includin
g
i
t
in
f
ull in
t
h
e
pro
f
i
t
a
nd loss s
t
a
t
e
m
e
n
t
f
or 2020
(
s
ee
N
o
t
e
34
)
.
R
a
w m
a
t
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ri
a
ls
a
nd suppli
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s
a
r
e
s
t
a
t
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d
a
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t
v
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o
f
t
h
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f
ull
v
a
lu
e
l
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ss
a
ccumul
a
t
e
d imp
a
irm
e
n
t
loss
e
s
f
or slow
-
mo
v
in
g
a
nd obsol
e
t
e
in
v
e
n
t
ori
e
s.
N
o n
e
w in
v
e
n
t
ori
e
s o
f
m
a
t
e
ri
a
ls
a
nd r
a
w m
a
t
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ri
a
ls w
e
r
e
m
a
d
e
durin
g
t
h
e
p
e
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e
in
v
e
n
t
ori
e
s m
a
d
e
in
t
h
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pr
e
v
ious p
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e
r
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r
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duc
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y
slow
-
mo
v
in
g
in
v
e
n
t
ori
e
s us
e
d durin
g
t
h
e
p
e
riod.
4
3
)
Tra
d
e
r
e
c
e
i
v
a
b
l
e
s
Boo
k
v
alu
e
o
f
t
rad
e
r
e
c
e
i
v
abl
e
s
P
ro
v
isions
f
or doub
t
f
ulr
e
c
e
i
v
abl
e
s
Boo
k
v
a
l
u
e
31.12.2021
E
U
R
886 462
(
129 640
)
756 822
31.12.2020
E
U
R
549 237
(
129 640
)
419 597
Tr
a
d
e
r
e
c
e
i
v
a
bl
e
s
a
r
e
r
e
f
l
e
c
t
e
d in n
e
t
v
a
lu
e
f
rom
t
h
e
f
ull
a
moun
t
l
e
ss pro
v
isions
f
or doub
t
f
ul d
e
b
t
s.
D
urin
g
t
h
e
r
e
por
t
in
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v
ision
f
or n
e
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f
ul r
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e
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ee
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d
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a
nd no b
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t
s h
a
v
e
b
ee
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tt
e
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ff
f
rom
t
h
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pro
v
ision
f
or doub
t
f
ul r
e
c
e
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v
a
bl
e
s pr
e
v
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y
m
a
d
e
, wi
t
h
a
t
o
t
a
l o
f
E
U
R 129,640
r
e
co
g
ni
z
e
d
a
s
doub
t
f
ul r
e
c
e
i
v
a
bl
e
s
a
s
a
t
31
D
e
c
e
mb
e
r 2020.
44
)
O
th
e
r r
e
c
e
i
vab
l
e
s
Ad
v
a
nc
e
p
a
y
m
e
n
t
s m
a
d
e
f
or s
e
r
v
ic
e
s
P
ro
v
isions
f
or doub
t
f
ul
a
d
v
a
nc
e
p
a
y
m
e
n
t
s
D
e
b
t
f
or p
e
r
f
orm
a
nc
e
o
f
g
u
a
r
a
n
t
ee
*
C
a
rr
y
in
g
a
moun
t
o
f
lo
a
ns
a
nd
a
ccru
e
d in
t
e
r
e
s
t
**
P
ro
v
isions
f
or doub
t
f
ul lo
a
ns ***
S
e
tt
l
e
m
e
n
t
f
or o
t
h
e
r r
e
c
e
i
v
a
bl
e
s
31
.
12
.
2021
E
U
R
405 553
(
344 456
)
611 471
630 872
(
583 196
)
35 637
755 881
31
.
12
.
2020
E
U
R
377 489
(
344 456
)
448 444
535 520
(
535 520
)
34 269
515 746
* In 2014,
t
h
e
Comp
a
n
y
e
n
t
e
r
e
d in
t
o
a
mor
t
g
a
g
e
a
g
r
ee
m
e
n
t
wi
t
h AS ABLV B
a
n
k
,
g
u
a
r
a
n
t
ee
in
g
AS
“
R
e
m
a
rs
Rī
g
a
”
li
a
bili
t
i
e
s
t
o AS ABLV B
a
n
k
. In 2021,
a
ll li
a
bili
t
i
e
s
t
o AS ABLV B
a
n
k
h
a
v
e
b
ee
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a
r
g
e
d
a
nd
t
h
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Comp
a
n
y
’s mor
t
g
a
g
e
d r
ea
l
e
s
t
a
t
e
h
a
s b
ee
n r
e
l
ea
s
e
d
f
rom pl
e
d
g
e
.
U
n
t
il 31
D
e
c
e
mb
e
r 2021, AS
“
Rī
g
a
s
k
u
ģ
u
bū
v
ē
t
a
v
a
”
h
a
s co
v
e
r
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d
t
h
e
lo
a
n li
a
bili
t
i
e
s o
f
AS
“
R
e
m
a
rs Rī
g
a
”
f
or E
U
R 611,471.
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
Addr
e
ss:
G
ā
l
e
s i
e
l
a
2, Ri
g
a
, LV
-
1015
R
e
g
is
t
r
a
t
ion numb
e
r: 40003045892
A
NNU
AL RE
PO
RT
For
t
h
e
p
e
riod: 01.01.2021 – 31.12.2021
N
o
t
e
s t
o
th
e
f
i
nan
ci
a
l
stat
e
m
e
nt
30
91
783
-
91
783
L
oans
and
a
cc
ru
e
d
i
n
t
e
r
e
s
t
S
I
A
Ei
ro
P
a
i
n
t ***
L
oans
and
a
cc
ru
e
d
i
n
t
e
r
e
s
t
S
I
A
Ei
roho
l
d
i
n
g
s
****
L
oan
and
a
cc
ru
e
d
i
n
t
e
r
e
s
t
AS
R
e
mars
Rī
g
a
*****
249
996
-
249
996
** Ca
rr
y
i
ng am
o
un
t
o
f
l
o
an
s
and acc
r
u
e
d
i
n
t
e
r
e
st
L
o
ng-
t
e
r
m
p
o
r
t
i
o
n
EUR
L
o
ng-
t
e
r
m
p
o
r
t
i
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n
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-
535
520535
520
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535
520535
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154
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154
483
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341
779535
520877
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31.12.2020
S
h
o
r
t
-
t
e
r
mT
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a
l
p
o
r
t
i
o
n
EUREUR
31.12.2021
S
h
o
r
t
-
t
e
r
mT
ot
a
l
p
o
r
t
i
o
n
EUREUR
*** In 2015,
t
h
e
Comp
a
n
y
issu
e
d
a
lo
a
n
t
o SIA
“
Eiro
P
a
in
t
”
a
moun
t
in
g
t
o E
U
R 500,000 wi
t
h
a
n
a
nnu
a
l in
t
e
r
e
s
t
r
a
t
e
o
f
6
%
a
nd m
a
t
uri
t
y
– 31
D
e
c
e
mb
e
r 2020.
N
o in
t
e
r
e
s
t
h
a
s b
ee
n c
a
lcul
a
t
e
d on
t
h
e
lo
a
n durin
g
t
h
e
r
e
por
t
in
g
y
ea
r
a
s
t
h
e
e
conomic
a
c
t
i
v
i
t
y
o
f
SIA
“
Eiro
P
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in
t
”
s
t
opp
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d on 11 F
e
bru
a
r
y
2019
a
nd i
t
is unli
k
e
l
y
t
h
a
t
t
h
e
Comp
a
n
y
will
e
v
e
r r
e
c
e
i
v
e
t
h
e
c
a
lcul
a
t
e
d in
t
e
r
e
s
t
. Th
e
lon
g-
t
e
rm lo
a
n is issu
e
d wi
t
hou
t
a
s
e
curi
t
y
, how
e
v
e
r,
t
h
e
Comp
a
n
y
h
a
s
t
h
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op
t
ion
t
o r
e
purch
a
s
e
t
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e
quipm
e
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t
purch
a
s
e
d
f
or
t
h
e
lo
a
n
a
moun
t
. In 2020, pro
v
isions w
e
r
e
m
a
d
e
f
or
t
h
e
doub
t
f
ul lo
a
n issu
e
d
t
o SIA
“
Eiro
P
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in
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”
a
nd
a
ccru
e
d in
t
e
r
e
s
t
in
t
h
e
a
moun
t
o
f
E
U
R 535,520.
**** Th
e
Comp
a
n
y
h
a
s issu
e
d
a
lo
a
n
t
o
t
h
e
r
e
l
a
t
e
d p
a
r
t
y
SIA
“
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s
”
in
t
h
e
a
moun
t
o
f
E
U
R 88,000 wi
t
h
a
n
in
t
e
r
e
s
t
r
a
t
e
o
f
4
%
p
e
r
a
nnum. Th
e
a
ccru
e
d in
t
e
r
e
s
t
is r
e
p
a
y
a
bl
e
t
o
g
e
t
h
e
r wi
t
h
t
h
e
princip
a
l
a
moun
t
o
f
t
h
e
lo
a
n. In
2021,
a
m
e
ndm
e
n
t
s h
a
v
e
b
ee
n m
a
d
e
t
o
t
h
e
a
g
r
ee
m
e
n
t
e
n
t
e
r
e
d in
t
o in 2019,
e
x
t
e
ndin
g
t
h
e
m
a
t
uri
t
y
un
t
il 31
D
e
c
e
mb
e
r 2022. Th
e
lo
a
n w
a
s issu
e
d wi
t
hou
t
a
n
y
s
e
curi
t
y
. In 2021, pro
v
isions w
e
r
e
m
a
d
e
f
or
t
h
e
doub
t
f
ul lo
a
n
issu
e
d
t
o SIA
“
Eiroholdin
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s
”
a
nd
a
ccru
e
d in
t
e
r
e
s
t
in
t
h
e
a
moun
t
o
f
E
U
R 47,676.
***** In 2021,
“
R
e
m
a
rs Rī
g
a
”
h
a
s p
a
r
t
i
a
ll
y
r
e
p
a
id
t
h
e
lo
a
n. As
a
t
31
D
e
c
e
mb
e
r 2021,
t
h
e
ou
t
s
t
a
ndin
g
lo
a
n
a
moun
t
s
t
o E
U
R 141,321
a
nd
a
ccru
e
d in
t
e
r
e
s
t
t
o E
U
R 13,162. Th
e
lo
a
n is issu
e
d
a
t
a
n in
t
e
r
e
s
t
r
a
t
e
o
f
3
%
p
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r
a
nnum
a
nd
t
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e
a
ccru
e
d in
t
e
r
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s
t
is r
e
p
a
y
a
bl
e
t
o
g
e
t
h
e
r wi
t
h
t
h
e
a
moun
t
o
f
t
h
e
lo
a
n. In 2021,
a
m
e
ndm
e
n
t
s h
a
v
e
b
ee
n
m
a
d
e
t
o
t
h
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a
g
r
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m
e
n
t
e
n
t
e
r
e
d in
t
o in 2019,
e
x
t
e
ndin
g
t
h
e
lo
a
n m
a
t
uri
t
y
un
t
il 31
D
e
c
e
mb
e
r 2023. Th
e
lo
a
n w
a
s
issu
e
d wi
t
hou
t
a
n
y
s
e
curi
t
y
.
45
)
D
e
f
e
rr
e
d
e
x
p
e
ns
e
s
Comp
a
n
y
prop
e
r
t
y
insur
a
n
c
e
V
e
hi
c
l
e
s insur
a
n
c
e
31.12.2021
E
U
R
360
445
805
31.12.2020
E
U
R
-
174
174
46
)
Cash
C
a
sh
a
t
b
a
n
k
31.12.2021
E
U
R
8 954
8 954
31.12.2020
E
U
R
35 452
35 452
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
Addr
e
ss:
G
ā
l
e
s i
e
l
a
2, Ri
g
a
, LV
-
1015
R
e
g
is
t
r
a
t
ion numb
e
r: 40003045892
A
NNU
AL RE
PO
RT
For
t
h
e
p
e
riod: 01.01.2021 – 31.12.2021
N
o
t
e
s t
o
th
e
f
i
nan
ci
a
l
stat
e
m
e
nt
31
47
)
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gat
e
o
f th
e
e
qu
i
t
y
c
ap
i
ta
l
shar
e
s
(
4
.
1
)
AS
“
Rī
g
a
s
k
u
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u bū
v
ē
t
a
v
a
”
w
a
s
f
ound
e
d in 1991. Th
e
sh
a
r
e
c
a
pi
t
a
l o
f
t
h
e
Comp
a
n
y
is E
U
R 16,340,950, which
consis
t
s o
f
11,672,107 ordin
a
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e
g
is
t
e
r
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d sh
a
r
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t
h
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nomin
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l
v
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e
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f
on
e
sh
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is E
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R 1.40. As
a
t
31.12.2021,
t
h
e
sh
a
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c
a
pi
t
a
l o
f
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h
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Comp
a
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consis
t
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f
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t
o
t
a
l o
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11,672,107 sh
a
r
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s, 10,000,000 o
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a
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t
r
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r
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g
ul
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a
r
k
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a
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a
r
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s
a
r
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non
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publicl
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issu
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d sh
a
r
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s.
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Comp
a
n
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’s sh
a
r
e
s
a
r
e
t
r
a
d
e
d on
a
r
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g
ul
a
t
e
d m
a
r
k
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t
a
nd
a
r
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lis
t
e
d on
t
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S
e
cond Lis
t
o
f
AS
N
AS
D
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Q
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g
a
. All
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a
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s
g
i
v
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qu
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l ri
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s
t
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c
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di
v
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t
a
a
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t
in
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g
h
t
s
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t
t
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sh
a
r
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hold
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.
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r
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e
rs’ m
ee
t
in
g
.
Am
e
ndm
e
n
t
s
t
o
t
h
e
Ar
t
icl
e
s o
f
Associ
a
t
ion:
1.
O
n 30
D
e
c
e
mb
e
r 1998, incr
ea
s
e
o
f
t
h
e
Comp
a
n
y
’s sh
a
r
e
c
a
pi
t
a
l
t
o E
U
R 15,651,590;
2.
O
n 30
D
e
c
e
mb
e
r 1999, incr
ea
s
e
o
f
t
h
e
Comp
a
n
y
’s sh
a
r
e
c
a
pi
t
a
l
t
o E
U
R 16,607,912;
3. In M
a
y
2015,
t
h
e
sh
a
r
e
c
a
pi
t
a
l w
a
s d
e
nomin
a
t
e
d. Th
e
si
z
e
o
f
t
h
e
sh
a
r
e
c
a
pi
t
a
l
a
f
t
e
r
t
h
e
d
e
nomin
a
t
ion is E
U
R
16,340,950.
N
umb
e
r o
f
sh
a
r
e
s – 11,672,107, nomin
a
l
v
a
lu
e
o
f
sh
a
r
e
s – E
U
R 1.40.
3. In M
a
y
2017, i
t
w
a
s d
e
t
e
rmin
e
d
t
h
a
t
t
h
e
Bo
a
rd consis
t
s o
f
3 bo
a
rd m
e
mb
e
rs
(
pr
e
v
iousl
y
t
h
e
Bo
a
rd consis
t
e
d
o
f
5 m
e
mb
e
rs
)
.
Carry
i
ng
am
o
unt
E
U
R
O
rdin
a
r
y
r
e
g
is
t
e
r
e
d sh
a
r
e
s 11 672 107 1.40
1
.
40
16 340 950
16 340 950
Inf
o
rmat
i
o
n
o
n shar
e
s and st
o
c
k
N
o
m
i
na
l
va
l
u
e
Typ
e
o
f shar
e
s
N
umb
e
r
E
U
R
O
t
h
e
r
s
t
a
t
u
t
or
y
c
ompan
i
e
s
930 732
218 2171 148 949
1.401 608 529
e
xchang
e
mar
k
e
t
pr
i
va
t
e
T
O
T
A
L
P
r
i
v
a
te
p
e
r
s
on
s
4 395 511
308 4534 703 964
1.406 585 550
“
R
ī
ga
s
k
uģu būv
ē
t
ava
”
Numb
e
r
o
f
s
har
e
s
S
har
e
h
o
l
d
e
r
s
o
f
AS
S
har
e
s
o
n
t
h
e
S
har
e
s
o
f
N
o
m
i
na
l
va
l
u
e
o
f a T
ot
a
l
va
l
u
e
o
f
r
e
gu
l
a
t
e
d
o
ff
e
r
i
ng
s
har
e
,
Eur
s
har
e
s,
Eur
A
S
“
R
e
mar
s-
Rī
g
a
”4 673 7571 145 4375 819 1941.408 146 872
T
ot
a
l
10 000 0001 672 10711 672 10716 340 950
O
t
h
e
r s
t
a
t
u
t
or
y
comp
a
ni
e
s
1 608 5299.84
2 492 33315.25
31
.
12
.
2020
E
U
R%
8 146 872 49.86
5 701 745 34.89
31
.
12
.
2021
E
U
R%
8 146 872 49.86
6 585 550 40.30
S
har
e
h
o
l
d
e
rs
o
f
AS
“
R
ī
gas
k
uģu bū
v
ē
ta
v
a
”
AS
“
R
e
m
a
rs
-
Rī
g
a
”
P
ri
v
a
t
e
p
e
rsons
T
o
ta
l
16 340 95010016 340 950100
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
Addr
e
ss:
G
ā
l
e
s i
e
l
a
2, Ri
g
a
, LV
-
1015
R
e
g
is
t
r
a
t
ion numb
e
r: 40003045892
A
NNU
AL RE
PO
RT
For
t
h
e
p
e
riod: 01.01.2021 – 31.12.2021
N
o
t
e
s t
o
th
e
f
i
nan
ci
a
l
stat
e
m
e
nt
48
)
(
4
.
5
.
4
)
B
o
rr
o
w
i
n
g
s
f
r
o
m
c
r
e
d
i
t
i
nst
i
tut
i
o
ns
L
o
n
g-
t
e
rm
E
U
RE
U
RE
U
R AS
ABLV B
a
n
k
*
-
-
-
---
E
U
RE
U
RE
U
R
-
201 238 201 238
-
201 238 201 238
31
.
12
.
2020
L
o
n
g-
t
e
rm
S
h
o
rt
-
t
e
rmT
o
ta
l
31
.
12
.
2021
S
h
o
rt
-
t
e
rmT
o
ta
l
(
1
.
8
.
3
)
*
O
n 28
D
e
c
e
mb
e
r 2017,
t
h
e
Comp
a
n
y
e
n
t
e
r
e
d in
t
o
a
n
a
ddi
t
ion
a
l
a
g
r
ee
m
e
n
t
wi
t
h AS
“
ABLV B
a
n
k”
t
o
t
h
e
Cr
e
di
t
A
g
r
ee
m
e
n
t
on
t
h
e
cr
e
di
t
f
a
cili
t
y
lin
e
conclud
e
d 18
O
c
t
ob
e
r 2013
f
or
t
h
e
n
ee
ds o
f
wor
k
in
g
c
a
pi
t
a
l. Th
e
lo
a
n
m
a
t
uri
t
y
w
a
s 30
D
e
c
e
mb
e
r 2018. Th
e
in
t
e
r
e
s
t
r
a
t
e
is 7
%
p
e
r
y
ea
r. Th
e
m
a
x
imum
a
moun
t
o
f
t
h
e
s
e
cur
e
d cl
a
im
w
a
s E
U
R 2,470,000. A mor
t
g
a
g
e
on immo
v
a
bl
e
prop
e
r
t
i
e
s
a
nd
t
wo b
e
r
t
hs h
a
s b
ee
n
e
n
t
e
r
e
d in
t
o
a
s
e
curi
t
y
.
Accordin
g
t
o
t
h
e
a
m
e
ndm
e
n
t
s
t
o
t
h
e
pl
a
n o
f
m
ea
sur
e
s o
f
t
h
e
l
e
g
a
l pro
t
e
c
t
ion proc
ee
din
g
s,
t
h
e
lo
a
n w
a
s
f
ull
y
r
e
p
a
id
in 2021, so
t
h
e
mor
t
g
a
g
e
on r
ea
l
e
s
t
a
t
e
s
a
nd
t
wo b
e
r
t
hs h
a
s b
ee
n
e
x
t
in
g
uish
e
d.
49
)
(
4
.
5
.
4
)
O
t
h
e
r b
o
rr
ow
i
ng
s
L
o
ng-
t
e
rm
p
o
r
t
i
o
n
L
o
ng-
t
e
rm
p
o
r
t
i
o
n
I
n
t
ere
s
t
on
borro
w
i
n
g f
rom
mana
g
emen
t
*
E
U
RE
U
RE
U
R
-22 05022 050
E
U
RE
U
RE
U
R
-22 05022 050
B
orro
w
i
n
gs f
rom
l
e
g
a
l
2 465 830661 8213 127 6512 815 57935 4442 851 023
en
t
i
t
i
e
s **
2 465 830683 8713 149 7012 815 57957 4942 873 073
31
.
12
.
2020
S
h
o
r
t
-
t
e
rmT
ot
a
l
p
o
r
t
i
o
n
31
.
12
.
2021
S
h
o
r
t
-
t
e
rmT
ot
a
l
p
o
r
t
i
o
n
*In 2014,
t
h
e
Comp
a
n
y
e
n
t
e
r
e
d in
t
o
a
n
a
g
r
ee
m
e
n
t
a
nd r
e
c
e
i
v
e
d
a
lo
a
n
f
rom V. M
e
ļņi
k
s
f
or
t
h
e
t
o
t
a
l
a
moun
t
o
f
E
U
R 1,165,000 wi
t
h
a
n in
t
e
r
e
s
t
r
a
t
e
o
f
5
%
p
e
r
a
nnum. Th
e
princip
a
l
a
moun
t
o
f
t
h
e
lo
a
n h
a
s b
ee
n r
e
p
a
id
a
nd
a
s
a
t
31.12.2020
a
nd 31.12.2021
t
h
e
a
moun
t
o
f
t
h
e
d
e
b
t
is c
a
lcul
a
t
e
d
a
t
E
U
R 22,050.
**In 2014,
t
h
e
Comp
a
n
y
e
n
t
e
r
e
d in
t
o
a
n
a
g
r
ee
m
e
n
t
a
nd r
e
c
e
i
v
e
d
a
lo
a
n
f
rom SA S
O
G
I
P
SERVICES
G
E
N
EVA
f
or
t
h
e
t
o
t
a
l
a
moun
t
o
f
E
U
R 2,000,000 wi
t
h
a
n in
t
e
r
e
s
t
r
a
t
e
o
f
6
%
p
e
r
a
nnum. Th
e
lo
a
n mus
t
b
e
r
e
p
a
id b
y
22 Jun
e
2019. Th
e
lo
a
n is no
t
s
e
cur
e
d wi
t
h
a
n
y
pl
e
d
g
e
s or
g
u
a
r
a
n
t
ee
s. Th
e
a
ccru
e
d c
a
lcul
a
t
e
d in
t
e
r
e
s
t
a
t
t
h
e
mom
e
n
t
o
f
s
t
a
r
t
in
g
t
h
e
impl
e
m
e
n
t
a
t
ion o
f
t
h
e
l
e
g
a
l pro
t
e
c
t
ion proc
ee
din
g
s on 16.08.2019 w
a
s in
t
h
e
a
moun
t
o
f
E
U
R 178,773,
which is
t
o b
e
co
v
e
r
e
d
t
o
g
e
t
h
e
r wi
t
h
t
h
e
princip
a
l
a
moun
t
. Followin
g
t
h
e
a
ppro
v
a
l o
f
t
h
e
L
PP
, no
f
ur
t
h
e
r in
t
e
r
e
s
t
w
a
s
c
a
lcul
a
t
e
d on
t
h
e
lo
a
n. In 2020,
t
h
e
lo
a
n
t
o SA S
O
G
I
P
SERVICES
G
E
N
EVA incr
ea
s
e
d b
y
E
U
R 186,251 du
e
t
o
t
h
e
liquid
a
t
ion o
f
AS
“
Tosm
a
r
e
s
k
u
ģ
ubū
v
ē
t
a
v
a
”
,
t
h
e
Comp
a
n
y
’s r
e
m
a
inin
g
d
e
b
t
t
o
t
h
e
r
e
l
a
t
e
d comp
a
n
y
w
a
s
t
r
a
ns
f
e
rr
e
d
t
o SA S
O
G
I
P
SERVICES
G
E
N
EVA
(
s
ee
N
o
t
e
53
)
.
In
a
ccord
a
nc
e
wi
t
h
t
h
e
a
m
e
ndm
e
n
t
s
t
o
t
h
e
l
e
g
a
l pro
t
e
c
t
ion pl
a
n
a
ppro
v
e
d on 17 S
e
p
t
e
mb
e
r 2021,
t
h
e
lo
a
n
a
nd
a
ccru
e
d in
t
e
r
e
s
t
mus
t
b
e
r
e
p
a
id b
y
16 Au
g
us
t
2024,
t
h
e
r
e
f
or
e
t
h
e
d
e
b
t
a
moun
t
in
g
t
o E
U
R 2,240,247
t
o b
e
r
e
p
a
id l
a
t
e
r
t
h
a
n on
e
y
ea
r
a
f
t
e
r
t
h
e
e
nd o
f
t
h
e
r
e
por
t
in
g
y
ea
r is shown
a
s
a
lon
g-
t
e
rm lo
a
n.
** In 2017
a
nd 2018,
t
h
e
Comp
a
n
y
e
n
t
e
r
e
d in
t
o
f
our
a
g
r
ee
m
e
n
t
s
a
nd r
e
c
e
i
v
e
d lo
a
ns
f
rom SIA
“
Eiron
a
ms
”
f
or
t
h
e
t
o
t
a
l
a
moun
t
o
f
E
U
R 773,933 wi
t
h in
t
e
r
e
s
t
r
a
t
e
f
or
a
g
r
ee
m
e
n
t
s o
f
4
%
p
e
r
a
nnum. Th
e
m
a
t
uri
t
i
e
s o
f
t
hr
ee
lo
a
n
a
g
r
ee
m
e
n
t
s w
e
r
e
2018
a
nd
f
or on
e
a
g
r
ee
m
e
n
t
– 2021. Th
e
lo
a
ns
a
r
e
no
t
s
e
cur
e
d wi
t
h
a
n
y
pl
e
d
g
e
s or
g
u
a
r
a
n
t
ee
s.
Th
e
a
ccru
e
d c
a
lcul
a
t
e
d in
t
e
r
e
s
t
a
t
t
h
e
mom
e
n
t
o
f
s
t
a
r
t
in
g
t
h
e
impl
e
m
e
n
t
a
t
ion o
f
t
h
e
l
e
g
a
l pro
t
e
c
t
ion proc
ee
din
g
s on
16.08.2019 w
a
s in
t
h
e
a
moun
t
o
f
E
U
R 22,079, which is
t
o b
e
co
v
e
r
e
d
t
o
g
e
t
h
e
r wi
t
h
t
h
e
princip
a
l
a
moun
t
. Followin
g
t
h
e
a
ppro
v
a
l o
f
t
h
e
L
PP
, no
f
ur
t
h
e
r lo
a
n in
t
e
r
e
s
t
w
a
s c
a
lcul
a
t
e
d on
t
h
e
lo
a
n. In
a
ccord
a
nc
e
wi
t
h
t
h
e
a
m
e
ndm
e
n
t
s o
f
17 S
e
p
t
e
mb
e
r 2021
t
o
t
h
e
L
PP
a
ppro
v
e
d on 16.08.2019,
t
h
e
lo
a
n
a
nd
a
ccru
e
d in
t
e
r
e
s
t
mus
t
b
e
r
e
p
a
id b
y
16 Au
g
us
t
2024,
t
h
e
r
e
f
or
e
t
h
e
a
moun
t
o
f
t
h
e
d
e
b
t
t
o b
e
r
e
p
a
id l
a
t
e
r
t
h
a
n on
e
y
ea
r
a
f
t
e
r
t
h
e
e
nd o
f
t
h
e
r
e
por
t
in
g
y
ea
r E
U
R
225,583 is shown
a
s
a
lon
g-
t
e
rm lo
a
n.
32
AS
“
Rī
g
a
s
k
u
ģ
u bū
v
ē
t
a
v
a
”
Addr
e
ss:
G
ā
l
e
s i
e
l
a
2, Ri
g
a
, LV
-
1015
R
e
g
is
t
r
a
t
ion numb
e
r: 40003045892
A
NNU
AL RE
PO
RT
For
t
h
e
p
e
riod: 01.01.2021 – 31.12.2021
N
o
t
e
s t
o
th
e
f
i
nan
ci
a
l
stat
e
m
e
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33
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Comp
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r 2021,
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f
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d in
t
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p
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f
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31.12.2021 is E
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R 313,392.
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Comp
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31.12.2021
E
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R
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45 519
154 945
31.12.2020
E
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R
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“
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NNU
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t
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p
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N
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c
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ea
rl
y
2022,
t
h
e
r
e
s
t
ric
t
ions r
e
l
a
t
e
d
t
o
t
h
e
spr
ea
d o
f
coron
a
v
irus w
e
r
e
s
t
ill in
f
orc
e
in
t
h
e
R
e
public o
f
L
a
t
v
i
a
a
nd m
a
n
y
o
t
h
e
r coun
t
ri
e
s, which si
g
ni
f
ic
a
n
t
l
y
slows down
t
h
e
e
conomic d
e
v
e
lopm
e
n
t
in
t
h
e
coun
t
r
y
a
nd in
t
h
e
world,
t
h
e
r
e
f
or
e
,
t
h
e
e
conomic d
e
v
e
lopm
e
n
t
is s
t
ill unc
e
r
t
a
in
a
nd
t
his h
a
d
a
si
g
ni
f
ic
a
n
t
a
nd un
f
a
v
our
a
bl
e
imp
a
c
t
on
t
h
e
Comp
a
n
y
’s
e
conomic
a
c
t
i
v
i
t
y
.
Sinc
e
t
h
e
a
ppro
v
a
l o
f
t
h
e
pl
a
n o
f
m
ea
sur
e
s o
f
l
e
g
a
l pro
t
e
c
t
ion proc
ee
din
g
s un
t
il
t
h
e
pr
e
p
a
r
a
t
ion o
f
t
h
e
a
nnu
a
l
r
e
por
t
,
t
h
e
r
e
h
a
v
e
b
ee
n s
e
v
e
r
a
l
a
m
e
ndm
e
n
t
s
t
o
t
h
e
pl
a
n o
f
m
ea
sur
e
s o
f
l
e
g
a
l pro
t
e
c
t
ion proc
ee
din
g
s,
t
h
e
l
a
s
t
o
f
which w
a
s
a
ppro
v
e
d on 17 S
e
p
t
e
mb
e
r 2021, which, in
t
h
e
e
v
e
n
t
o
f
a
succ
e
ss
f
ul ou
t
com
e
o
f
t
h
e
L
PP
,
a
llows
t
o
r
e
duc
e
t
h
e
t
o
t
a
l
a
moun
t
o
f
t
h
e
Comp
a
n
y
’s cr
e
di
t
ors’ li
a
bili
t
i
e
s b
y
t
e
n p
e
rc
e
n
t
a
nd s
e
tt
in
g
a
p
e
riod o
f
f
i
v
e
y
ea
rs
f
or
t
h
e
impl
e
m
e
n
t
a
t
ion o
f
t
h
e
s
e
proc
ee
din
g
s s
t
a
r
t
in
g
f
rom 16 Au
g
us
t
2019.
Th
e
Comp
a
n
y
con
f
irms
t
h
a
t
t
h
e
a
m
e
ndm
e
n
t
s
t
o
t
h
e
L
PP
pl
a
n o
f
m
ea
sur
e
s pr
e
p
a
r
e
d b
y
i
t
a
nd
a
ppro
v
e
d b
y
t
h
e
cour
t
will m
a
k
e
i
t
possibl
e
f
or i
t
t
o m
a
in
t
a
in i
t
s curr
e
n
t
busin
e
ss pro
f
il
e
a
nd indic
a
t
e
s
t
h
a
t
t
h
e
f
in
a
nci
a
l obli
g
a
t
ions
t
ow
a
rds bo
t
h s
e
cur
e
d cr
e
di
t
ors
a
nd uns
e
cur
e
d cr
e
di
t
ors will b
e
f
ul
f
ill
e
d wi
t
hin si
x
t
y
mon
t
hs
f
rom
t
h
e
a
ppro
v
a
l o
f
t
h
e
L
PP
pl
a
n o
f
m
ea
sur
e
s, n
a
m
e
l
y
, b
y
2024.
In 2021
a
nd un
t
il
t
h
e
pr
e
p
a
r
a
t
ion o
f
t
h
e
a
nnu
a
l r
e
por
t
,
t
h
e
Comp
a
n
y
h
a
s b
ee
n
a
bl
e
t
o
f
ul
f
il i
t
s obli
g
a
t
ions in
a
ccord
a
nc
e
wi
t
h
t
h
e
L
PP
pl
a
n o
f
m
ea
sur
e
s. Th
e
f
u
t
ur
e
op
e
r
a
t
ion o
f
t
h
e
Comp
a
n
y
d
e
p
e
nds on
t
h
e
Comp
a
n
y
’s
a
bili
t
y
t
o impl
e
m
e
n
t
t
h
e
l
e
g
a
l pro
t
e
c
t
ion pl
a
n,
a
s w
e
ll
a
s
t
o s
e
tt
l
e
t
h
e
li
a
bili
t
i
e
s
t
o i
t
s cr
e
di
t
ors wi
t
hin
t
h
e
s
e
t
t
e
rm,
obs
e
r
v
in
g
a
ll condi
t
ions o
f
t
h
e
pl
a
n. Th
e
Comp
a
n
y
f
or
e
c
a
s
t
s
t
h
a
t
i
t
will b
e
a
bl
e
t
o impro
v
e
i
t
s
e
conomic
p
e
r
f
orm
a
nc
e
a
nd
f
in
a
nci
a
l r
e
sul
t
s wi
t
hin
a
ppro
x
im
a
t
e
l
y
12 mon
t
hs. Th
e
Comp
a
n
y
con
t
inu
e
s
t
o
t
a
k
e
m
ea
sur
e
s in
t
h
e
f
i
e
ld o
f
proc
e
ss
e
ff
ici
e
nc
y
a
nd cos
t
op
t
imis
a
t
ion,
a
t
t
h
e
s
a
m
e
t
im
e
loo
k
in
g
f
or solu
t
ions
t
o
e
x
p
a
nd
t
h
e
Comp
a
n
y
’s op
e
r
a
t
ions,
a
s
a
r
e
sul
t
o
f
which
t
h
e
Comp
a
n
y
’s
f
or
e
c
a
s
t
s
a
nd op
e
r
a
t
in
g
f
in
a
nci
a
l r
e
sul
t
s
a
r
e
pl
a
nn
e
d
wi
t
h
a
pro
f
i
t
.
Al
t
hou
g
h
t
h
e
Comp
a
n
y
h
a
s cl
ea
r prosp
e
c
t
s
f
or r
e
sumin
g
op
e
r
a
t
ions, i
t
is
a
lr
ea
d
y
k
nown
t
h
a
t
i
t
will
t
a
k
e
t
im
e
t
o
op
t
imis
e
s
t
a
ff
in
g
, r
e
s
t
or
e
t
h
e
f
low o
f
curr
e
n
t
a
ss
e
t
s, di
v
e
rsi
fy
produc
t
ion
a
nd r
a
is
e
in
v
e
s
t
m
e
n
t
.
This conclusion is b
a
s
e
d on
t
h
e
in
f
orm
a
t
ion
a
v
a
il
a
bl
e
a
t
t
h
e
mom
e
n
t
o
f
si
g
nin
g
t
his
f
in
a
nci
a
l s
t
a
t
e
m
e
n
t
a
nd
t
h
e
imp
a
c
t
o
f
f
ur
t
h
e
r
e
v
e
n
t
s on
f
u
t
ur
e
op
e
r
a
t
ions o
f
t
h
e
Comp
a
n
y
m
a
y
di
ff
e
r
f
rom
t
h
e
m
a
n
a
g
e
m
e
n
t
’s
e
v
a
lu
a
t
ion.
O
n
t
h
e
ini
t
i
a
t
i
v
e
o
f
t
h
e
pri
v
a
t
e
sh
a
r
e
hold
e
r, on 26
O
c
t
ob
e
r 2021,
t
h
e
Fin
a
nci
a
l
a
nd C
a
pi
t
a
l M
a
r
k
e
t
Commission
(
D
e
cision
N
o. 139
)
a
u
t
horis
e
d
t
o m
a
k
e
a
m
a
nd
a
t
or
y
sh
a
r
e
r
e
purch
a
s
e
o
ff
e
r.
W
i
t
hin
t
h
e
f
r
a
m
e
wor
k
o
f
t
h
e
m
a
nd
a
t
or
y
sh
a
r
e
r
e
purch
a
s
e
o
ff
e
r, on
e
pri
v
a
t
e
p
e
rson r
e
purch
a
s
e
d 42,036 sh
a
r
e
s o
f
t
h
e
Comp
a
n
y
or 0.3601
%
o
f
t
h
e
t
o
t
a
l numb
e
r o
f
v
o
t
in
g
sh
a
r
e
s o
f
t
h
e
Comp
a
n
y
,
a
s
a
r
e
sul
t
o
f
which on
e
pri
v
a
t
e
sh
a
r
e
hold
e
r
a
cquir
e
d 50.2157
%
bo
t
h
a
s indir
e
c
t
(
a
s
a
sh
a
r
e
hold
e
r o
f
AS
“
R
e
m
a
rs
-
Rī
g
a
”)
a
nd dir
e
c
t
own
e
rship o
f
t
h
e
t
o
t
a
l numb
e
r o
f
v
o
t
in
g
sh
a
r
e
s
o
f
t
h
e
Comp
a
n
y
. Th
e
Bo
a
rd o
f
t
h
e
Comp
a
n
y
consid
e
rs
t
h
a
t
t
h
e
sh
a
r
e
r
e
purch
a
s
e
o
ff
e
r compli
e
d wi
t
h
t
h
e
pro
v
isions o
f
t
h
e
Fin
a
nci
a
l Ins
t
rum
e
n
t
M
a
r
k
e
t
L
a
w. Consid
e
rin
g
t
h
a
t
t
h
e
issu
e
r o
f
t
h
e
sh
a
r
e
r
e
purch
a
s
e
o
ff
e
r in
t
e
nds
t
o con
t
inu
e
t
h
e
curr
e
n
t
a
c
t
i
v
i
t
y
o
f
t
h
e
Comp
a
n
y
a
nd no ch
a
n
g
e
in
t
h
e
t
y
p
e
o
f
i
t
s
a
c
t
i
v
i
t
y
is pl
a
nn
e
d,
t
h
e
Bo
a
rd o
f
t
h
e
Comp
a
n
y
e
v
a
lu
a
t
e
s
t
h
e
sh
a
r
e
r
e
purch
a
s
e
o
ff
e
r posi
t
i
v
e
l
y
a
nd
a
ccordin
g
l
y
i
t
will con
t
inu
e
t
h
e
e
conomic
a
c
t
i
v
i
t
y
in
t
h
e
curr
e
n
t
f
i
e
ld.
I
t
is
a
lso pl
a
nn
e
d
t
o con
t
inu
e
t
h
e
e
mplo
y
m
e
n
t
r
e
l
a
t
ionship wi
t
h
t
h
e
e
x
is
t
in
g
e
mplo
y
ee
s o
f
t
h
e
Comp
a
n
y
in
a
ccord
a
nc
e
wi
t
h
t
h
e
e
mplo
y
m
e
n
t
con
t
r
a
c
t
s conclud
e
d wi
t
h
t
h
e
m,
a
s w
e
ll
a
s no ch
a
n
g
e
o
f
t
h
e
Comp
a
n
y
’s
loc
a
t
ion is pl
a
nn
e
d.
Th
e
con
f
lic
t
in
Uk
r
a
in
e
a
nd r
e
l
a
t
e
d
e
v
e
n
t
s
t
a
k
e
pl
a
c
e
a
t
t
h
e
t
im
e
o
f
si
g
ni
f
ic
a
n
t
g
lob
a
l
e
conomic unc
e
r
t
a
inl
y
a
nd
ins
t
a
bili
t
y
,
a
nd
t
h
e
r
e
f
or
e
t
h
e
ir cons
e
qu
e
nc
e
s m
a
y
a
gg
r
a
v
a
t
e
t
h
e
g
e
n
e
r
a
l imp
a
c
t
on m
a
r
k
e
t
condi
t
ions. Th
e
Comp
a
n
y
’s m
a
n
a
g
e
m
e
n
t
h
a
s no
t
id
e
n
t
i
f
i
e
d
a
dir
e
c
t
imp
a
c
t
o
f
t
h
e
s
e
circums
t
a
nc
e
s on
f
ur
t
h
e
r
e
conomic
op
e
r
a
t
ions o
f
t
h
e
Comp
a
n
y
.
M
e
mb
e
r o
f
t
h
e
Bo
a
rd_________________Ein
ā
rs Bu
k
s
M
e
mb
e
r o
f
t
h
e
Bo
a
rd_________________
D
e
niss
P
a
r
f
e
ns
Annu
a
l r
e
por
t
pr
e
p
a
r
e
d b
y
Chi
e
f
a
ccoun
t
a
n
t
_________________Elīn
a
Tr
e
i
j
a
28 April 2022
35