AS “R
ĪGAS KUĢU BŪVĒTAVA
”
Financial information of three months of the year 2024
2
AS
"
RĪGAS KUĢU BŪVĒTAVA
"
FINANCIAL INFORMATION OF THREE MONTHS OF 2024
GĀLES IELA 2, RIGA, LV-1015, LATVIA, URN 40003045892
PAGE
INFORMATION ABOUT THE COMPANY
3
STATEMENT OF MANAGEMENT RESPONSIBILITIES
4
FINANCIAL STATEMENT:
PROFIT OR LOSS STATEMENT
5
BALANCE SHEET
6-7
STATEMENT OF CHANGES IN EQUITY
8
CASH FLOW STATEMENT
9
CONTENTS
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FINANCIAL INFORMATION OF THREE MONTHS OF 2024
GĀLES IELA 2, RIGA, LV-1015, LATVIA, URN 40003045892
Name of the company
AS “Rīgas kuģu būvētava”
Legal status of the company
Joint Stock Company
Registration Number, venue and date
000304589, 5 December 1991, Register of Enterprises, Riga
40003045892, 26 August 2004, Commercial Register, Riga
Registered and office address:
Gāles iela 2, Riga, LV–1015
EUR 16,340,950
Share capital of the company
Associated companies
SIA “Remars Granula”
Unified Registration No. 54103022521
Gāles iela 2, Riga, Latvia
Type of operation
Lease and management of own or leased real
Estate
Construction of ships and floating structures
NACE2 code
68.20, 30.11
Management Board of the Company
Board Member
Einārs Buks, holding the position until 09.04.2024,
right of representation jointly with one Board Member
Board Member
Deniss Parfens, holding the position until 09.04.2024,
right of representation jointly with one Board Member
Board Member
Jekaterina Meļņika, holding the position from 09.04.2024
right of representation jointly with one Board Member
Board Member
Maksimiliāns Meļņiks, holding the position from 09.04.2024,
right of representation jointly with one Board Member
Board Member
Ainārs Tropiņš, holding the position from 20.05.2024,
right of representation jointly with one Board Member
Supervisory Board
of the Company
until May 15, 2024 Chairman of the Supervisory Board
Deputy Chairman of the Supervisory Board
Member of the Supervisory Board
Member of the Supervisory Board
Member of the Supervisory Board
Vasilijs Meļņiks
Aleksandrs Čerņavskis
Irina Meļņika
Gahramans Guseinovs
Ainārs Tropiņš
From May 15,2024 Chairman of the Supervisory Board
Deputy Chairman of the Supervisory Board
Member of the Supervisory Board
Member of the Supervisory Board
Member of the Supervisory Board
Irina Meļņika
Einārs Buks
Romāns Asmiņins
Igors Zadoja
Abiks Elkins
Reporting period
Previous reporting period
January 1, 2024 - March 31, 2024
January 1, 2024 - March 31, 2023
INFORMATION ABOUT THE COMPANY
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RĪGAS KUĢU BŪVĒTAVA
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FINANCIAL INFORMATION OF THREE MONTHS OF 2024
GĀLES IELA 2, RIGA, LV-1015, LATVIA, URN 40003045892
STATEMENT ON MANAGEMENT RESPOSIBILITY
The management of AS “Rīgas kuģu būvētava” (the Company) is responsible for preparation of the financial statements.
The management of the Company hereby confirms that, based on the information available at the moment of preparation of
the report, the financial statements provide a true and clear presentation of the financial position of the Company as of 31
March 2024 and its performance and cash flow according to all the substantial aspects. The management confirms that
appropriate accounting policies have been used and applied consistently, and reasonable and prudent conclusions and
estimates have been made in the preparation of the financial statements.
The management of the Company also confirms that the above financial statements have been prepared in compliance
with the requirements of the laws and regulations of the Republic of Latvia, and the management has applied a going
concern principle.
The management of the Company is also responsible for keeping proper accounting records, for safeguarding the assets
of the Company and detection and prevention of fraud and other irregularities.
On behalf of the Company management:
Jekaterina Meļņika
(Member of the Board)
Maksimiliāns Meļņiks
(Member of the Board)
Riga, May 28, 2024
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FINANCIAL INFORMATION OF THREE MONTHS OF 2024
GĀLES IELA 2, RIGA, LV-1015, LATVIA, URN 40003045892
PROFIT OR LOSS STATEMENT
3 months
2024
3 months
2023
EUREUR
Net turnover
Production costs of sold products, purchase costs of sold
goods or provided services
850 063
(533 926)
450 583
(460 211)
Gross profit or loss
316 137
(9,628)
Sales costs
Administration costs
Other revenue of economic operations
Other costs of economic operations
(2 901)
(33 217)
-
(56 412)
-
(43 686)
108 568
(252 896)
Interest income and similar income
including
a) from related companies
b) from other entities
-
-
-
-
Interest payments and similar expenses
including
a) from related companies
b) from other entities
______
_______
Profit or loss before the corporate income
tax
(197 642)
Profit or loss of the reporting period
223 607
Jekaterina Meļņika
(Member of the Board)
Maksimiliāns Meļņiks
(Member of the Board)
Aleksandrs Kočkins
(Chief Accountant)
Riga, May 28, 2024
223 607
(197 642)
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FINANCIAL INFORMATION OF THREE MONTHS OF 2024
GĀLES IELA 2, RIGA, LV-1015, LATVIA, URN 40003045892
BALANCE SHEET
31.03.2024
EUR
31.03.2023
EUR
ASSETS
Long-term investment
-
-
Intangible investment
Other intangible investment
Total intangible investment
3 539 289
3 398 986
424 346
21 775
608 495
145 108
145 108
Fixed assets
Real estate
a) land plots, building engineering networks
Technological equipment and machinery
Other fixed assets and inventory
Creation of fixed assets and costs of
unfinished construction
Advance payments for fixed assets
Total fixed assets
3 990 215
6 664
4 299 556
Long-term financial investment
Participation in the capital of associated companies
Other securities and investment
Other loans and other long-term debtors
Total long-term financial investment
-235
1 344 000
1 344 235
-235
1 470 000
1 470 235
Total long-term investment
5 334 450
5 769 791
95 438
60 743
Current assets
Reserves
Raw materials, core materials and auxiliary
materials
Advance payments for reserves
Total provisions
241 258
336 696
29 195
89 938
Accounts receivable
Trade receivables
Other receivables
Costs of future periods
Accrued revenue
Total accounts receivable
321 225
3 980 858
1 645
105 591
4 409 320
526 247
655 228
88
105 591
1 287 154
Cash
269 133
92 056
Total current assets
Total
5 015 149
10 349 599
1 396 475
7 166 266
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FINANCIAL INFORMATION OF THREE MONTHS OF 2024
GĀLES IELA 2, RIGA, LV-1015, LATVIA, URN 40003045892
Jekaterina Meļņika
(Member of the Board)
Maksimiliāns Meļņiks
(Member of the Board)
Aleksandrs Kočkins
(Chief Accountant)
Riga, May 28, 2024
31.03.2024
EUR
31.03.2023
EUR
16 340 950
21 573
16 340 950
21 573
266 962
266 962
(15 701 863)
___223 606
(15 478 257)
(14 695 138)
(197 642)
(14 892 780)
LIABILITIES
Owners equity
Share capital (fixed capital)
Long-term investment revaluation reserve
Reserves
Other provisions
Retained profit
Undistributed profit or uncovered loss of the preceding years
Report year profit or loss
Total retained profit
Total owners equity
1 151 228
1 736 705
Provisions
Other provisions
Total provisions
2 415 658
2 794 810
2 543 532
1 305 165
Accounts payable
Long-term accounts payable
Other loans
Trade payables
Debts to related companies
Revenue of future periods
Total long-term accounts payable
257 873
3 052 683
387 937
4 236 634
Short-term accounts payable
Loans from credit institutions
Other loans
1 925
-
93 939
756 766
497 332
Advances from customers
Trade payables
Debts to related companies
Taxes and state social insurance mandatory contributions
395 994
360 499
Other accounts payable
Revenue of future periods
Unpaid dividends
Accrued liabilities
Total short-term accounts payable
1 816 492
590 229
11 746
156 878
3 730 030
9 001
63 532
11 746
156 878
1 192 927
Total accounts payable
Total
6 782 713
10 349 599
5 429 561
7 166 266
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RĪGAS KUĢU BŪVĒTAVA
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FINANCIAL INFORMATION OF THREE MONTHS OF 2024
GĀLES IELA 2, RIGA, LV-1015, LATVIA, URN 40003045892
STATEMENT OF CHANGES IN EQUITY
2024
3 months
Share capital (fixed capital)
Amount in the Balance Sheet of the preceding year
The amount specified in the Balance Sheet of the reporting period at the end of the period
16 340 950
16 340 950
21 573
Long-term investment revaluation reserve
Amount in the Balance Sheet of the preceding year
Decrease of the balance of the re-evaluation reserve
of long-term investment
The amount specified in the Balance Sheet of the reporting year at the end of the period
21 573
Reserves
Amount in the Balance Sheet of the preceding year
The amount specified in the Balance Sheet of the reporting year at the end of the period
266 962
266 962
Retained profit
Amount in the Balance Sheet of the preceding year
Increase/ decrease of the undistributed profit
The amount specified in the Balance Sheet of the reporting year at the end of the period
(15 701 863)
223 606
(15 478 257)
Owners equity
Amount in the Balance Sheet of the preceding year
The amount specified in the Balance Sheet of the reporting year at the end of the period
1 736 347
1 151 228
Jekaterina Meļņika
(Member of the Board)
Maksimiliāns Meļņiks
(Member of the Board)
Aleksandrs Kočkins
(Chief Accountant)
Riga, May 28, 2024
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FINANCIAL INFORMATION OF THREE MONTHS OF 2024
GĀLES IELA 2, RIGA, LV-1015, LATVIA, URN 40003045892
CASH FLOR REPORT (on the basis of the indirect method)
2024 3 months
Eur
1. Profit or loss before the corporate income tax223 607
Adjustments:
a) adjustments of reduction of the value of fixed assets;
h) Adjustments of reduction of the value of long-term and short-term financial investment
investment
i) Interest payments and similar expenses
2. Profit or loss before adjustments due to impact of changes in
the balance of short-term creditors and short-term liabilities
Adjustments:
223 607
(6 206)
50 620
a) increase or reduction of the balances of debtors’ debts;
b) increase or reduction of the balances of reserves;
c) increase or decrease of the balance of payables to suppliers
(5 178)
39 236
contractors and other creditors
3. Gross cash flow from core operations
4. Expenses for interest payments
5. Expenses for payment of the corporate income tax liabilities
6. Net cash flow from core operations
II. Investment operations cash flow
3. Purchase of fixed assets and intangible investment
4. Revenue from sale of fixed assets and intangible investment
5. Issued loans
9. Investment operations net cash flow
Jekaterina Meļņika
(Member of the Board)
Maksimiliāns Meļņiks
(Member of the Board)
Aleksandrs Kočkins
(Chief Accountant)
Riga, May 28, 2024
III. Financing operations cash flow
2. Received loans(1 406)
3. Received subsidies, grants, donations or gifts
4. Expenses for repayment of loans
7. Financing operations net cash flow
IV. Result of fluctuation of foreign currency exchange rates(112) V.
Net cash flow of the reporting year 261 325
VI. Cash and its equivalents in the beginning of the reporting year 7 808
VII. Cash and its equivalents at the end of the reporting year 269 133