Principal activities

The main activities of AS “VEF Radiotehnika RRR” in 2017 were:                                                                                               

1.   Real estate renting services;                                    

2.    Production and sales of acoustic systems and their enclosures.                                                             

New types of activities have not been performed. Company has restored acoustic systems development, organization of production and sales.         

Operations of the Company during the reporting year

Reporting year results of the Company are the following:                                                                                                                             

      Result before extraordinary items and taxes:                           1 217 992 EUR                       

      Net result:                                                                                1 217 992 EUR                                                                       

Net turnover in 2017 was EUR 789 091. As at 31 December 2017 the Company's current assets exceed current liabilities by EUR 172 301.