02.03.2016, 07:38
BDB: Baltic Dairy Board, Ltd unaudited condensed financial statement of year 2015 12 months
OREANDA-NEWS. Baltic Dairy Board, Ltd unaudited condensed financial statement of year 2015 12 months.
Year 2015 net turnover 9 044 310 EUR, 23% less than in year 2014. During the reporting period net loss 527 873 EUR, 2015 book value 10 082 529 EUR - 150% more than in year 2014
"Baltic Dairy Board" factory was put into operation on December 22, 2015, production launch on January 15, 2016. Baltic Dairy Board, Ltd main type of activity is raw milk and other dairy side product processing. Manufactured raw materials are then being used for end products like butter, milk protein powder and yeast products. Main goal is to establish own drying facility by 2018 with capability to dry own liquids and offer drying services to other dairy companies.
In annual report Net turnover was 9 044 310 EUR, which is 23% less than it was in 2014. This drop was according to price drop for all dairy products and downfall in dairy industry itself.
The book value of year 2015 is 10 082 529EUR which is 150% more than 2014. This big increase in book value is because we have invested our and attracted funds in to factories equipment and construction process.
In annual report Net loses are 527 873 EUR. Mentioned market situation in dairy industry and companies investments in designing, processing plant reconstruction, processing equipment purchases, recruitment of new staff and providing special training and factory tests before main production was started. Taking in to consideration mentioned loses are reasonable and understandable. Main goal was to start production which would help to recover from loses.
Year 2015 net turnover 9 044 310 EUR, 23% less than in year 2014. During the reporting period net loss 527 873 EUR, 2015 book value 10 082 529 EUR - 150% more than in year 2014
"Baltic Dairy Board" factory was put into operation on December 22, 2015, production launch on January 15, 2016. Baltic Dairy Board, Ltd main type of activity is raw milk and other dairy side product processing. Manufactured raw materials are then being used for end products like butter, milk protein powder and yeast products. Main goal is to establish own drying facility by 2018 with capability to dry own liquids and offer drying services to other dairy companies.
In annual report Net turnover was 9 044 310 EUR, which is 23% less than it was in 2014. This drop was according to price drop for all dairy products and downfall in dairy industry itself.
The book value of year 2015 is 10 082 529EUR which is 150% more than 2014. This big increase in book value is because we have invested our and attracted funds in to factories equipment and construction process.
In annual report Net loses are 527 873 EUR. Mentioned market situation in dairy industry and companies investments in designing, processing plant reconstruction, processing equipment purchases, recruitment of new staff and providing special training and factory tests before main production was started. Taking in to consideration mentioned loses are reasonable and understandable. Main goal was to start production which would help to recover from loses.
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