JSC "VEF Radiotehnika RRR" Unaudited Interim Report for the first three months of 2016

Principal activities
During year 2016, the main activities of JSC “VEF Radiotehnika RRR” were:
1. Purchase and sales of acoustic systems and their enclosures;
2. Real estate renting services.

All of the above-mentioned activities have been performed also in year 2015. New types of activities have not been performed. By the end of 2016 it is planned to restore acoustic systems development, organisation 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:                           -129 128 EUR
Deferred corporate income tax:                                                            0 EUR
Other taxes:                                                                                  -5 333 EUR
Net result:                                                                                 -134 461 EUR

Net turnover in year 2016 was EUR 216 670.

The Company's current liabilities exceed its current assets.