Akciju sabiedriba "VEF"

Annual / Quarterly Financial Statement • Feb 27, 2015

JSC VEF unaudited financial report for the year 2014 The Joint Stock Company “VEF” is a public joint stock company, dealing with management and administration of their real estate, leasing of premises and electrical services to consumers in VEF territory. According to the balance statement of the Company, the revenue from the economic activity during 12 months of 2014 makes 1 160 451 EUR , which is 2.7% more than previous reporting period, however, in 2014 year closed with a loss 3 491 EUR, which is the result of lease and maintenance decrease, taking into account that one of the largest tenant the “State Revenue Department” vacated JSC VEF premises on Brivibas gateway 214, as well as the growth of production costs, based on the growth of market electricity price over the reporting period. In the next period is expected relevant decline of sales, and will be necessary significant additional resources in loan format for the building renovation and new tenants involvement. For the moment Joint Stock Company continues to provide it’s volume of services. The Board of Joint Stock Company “VEF” follows the Company’s strategic plans of the previous year, according to the economic situation in the country and situation in the lease market. Attachment: JSC VEF unaudited financial report for the year 2014. Additional information: Gints Feņuks, Chairman of Management Board, Phone: +37167270618 gints@vef.apollo.lv