Latvijas tilti
Company Announcement

On net profit difference

On net profit difference

On net profit difference

The net profit in the unaudited annual report differs from the net profit in the audited accounts for more than 10% due to the fact that:

1. the corporate income tax has been calculated (Profit and Loss Statement , Annex 10) - 371 thousand. Ls;
2. the reflection of  income has been revised in accordance with Latvian Accounting Standard No.5 – the accrued income made up Ls 731 438, and the accrued liabilities  - Ls 821 944, that led to expenses in the amount of 90.5 thousand. Ls (Profit and Loss Statement, Annex 6);
3. the assets have been revised and the accruals have been set– the accruals for materials in the amount of 275 thousand. Ls and the accruals for debtors in the amount of 190 thousand. Ls. (Profit and Loss Statement, Annexes 2 and 6, respectively)