Published: 2021-04-29 15:37:38 CEST
Moda Kapitāls
Annual Financial Report

Audited Financial statement of JSC Moda Kapitals for the year 2020

 JSC "Moda kapitals" unaudited financial results of year 2020 Neto loses 492.227,00 EUR (2019: Neto loses 174.817,00 EUR) * Neto revenue of year 2020: 1.559.043,00  EUR (2019: Neto revenue 1.705.023,00  EUR )

The principal activity of AS Moda Kapitals (further - Company) is issuance of short-term loans against a pledge of movable  property, real estate and issuance of consumer loans, as well as trading of precious metals and little-used wide range of home appliances and electronics.

 

STATEMENT OF COMPREHENSIVE INCOME      
          01.01.2020-31.12.2020   01.01.2019-31.12.2019
          EUR   EUR
Revenue   1,559,043   1,705,023
Finance income   744,335   972,345
Cost of sales   -1,309,343   -1,444,759
Finance costs   -392,055   -417,437
Gross profit   601,980   815,172
         
Distribution expenses   -685,613   -748,626
Administrative expenses   -296,294   -249,225
Other income   13,574   57,174
Other expenses   -120,989   -46,106
Profit or (loss) before income tax   -487,342   -171,611
         
Corporate income tax   -4,885   -3,206
Net profit or (loss)       -492,227   -174,817
Other comprehensive income or (loss)          
Total comprehensive income or (loss)   -492,227   -174,817

 

STATEMENT OF FINANCIAL POSITION          
          31.12.2020 31.12.2019
ASSETS         EUR EUR
     
Non-current assets    
Intangible assets 61,882 67,499
Fixed assets 418,273 422,753
Right of use assets         6,006 88,410
Participation in the capital of related companies                        425,200
Other non-current assets 142 142
Total non-current assets 486,303 1,004,004
     
Current assets    
Inventories 756,131 1,120,858
Loans and receivables 1,060,744 1,502,842
Other current assets 73,751 43,845
Participation in the capital of related companies 367,034  
Cash and its equivalents 522,558 215,959
Total current assets 2,780,218 2,883,504
             
TOTAL ASSETS 3,266,521 3,887,508
             
             
          31.12.2020        31.12.2019
EQUITY AND LIABILITIES               EUR           EUR
     
Equity    
Share capital 995,400 467,127
Revaluation reserves of non-current assets 158,439 163,706
Retained earnings/(accumulated deficit) -1,207,480 -715,253
Total equity -53,641 -84,420
     
Liabilities    
Non-current liabilities    
Borrowings 2,840,000 198,000
Lease obligations         1,553                66,269
Total non-current liabilities 2,841,553 264,269
     
Current liabilities    
Borrowings 336,948 3,538,650
Lease obligations         4,589              22,879   
Trade and other payables 137,072 146,130
Total current liabilities 478,609 3,707,659
     
Total liabilities 3,320,162 3,971,928
     
TOTOAL EQUITY AND LIABILITIES 3,266,521 3,887,508

 

         Guntars Zvīnis
         Member of the Board JSC Moda kapitals
         Email: guntars@draudzigsaizdevums.lv
         Phone: +37167344234


Auditors report.pdf
Annual report 2020.pdf
Corporate governance report 2020.pdf