CONSOLIDATED BALANCE SHEET
Of Public Limited Corporation (PLC)
S.P. Korolev Rocket & Space Corporation Energia
The balance Sheet was approved at the
Annual Shareholders Meeting on March 28, 1998 (Protocol
No 5).
(in million roubles disregarding denomination).
| ASSETS |
as on Jan. 1,
1997 |
as on Jan. 1,
1998 |
| Noncurrent assets |
1 557 137 |
1 674 239 |
| Current assets |
1 453 632 |
2 678 358 |
| Loss |
- |
- |
| Balance |
3 010 769 |
4 352 597 |
| LIABILITIES |
as on Jan. 1,
1997 |
as on Jan. 1,
1998 |
| Capital and reserves |
1 814 030 |
2 135 242 |
| Long-term liabilities |
- |
- |
| Short-term liabilities |
1 196 739 |
2 217 355 |
| Balance |
3 010 769 |
4 352 597 |
Validity of the Balance Sheet is confirmed by auditor
firm AUDITMASH; License No 012966 issued by the RF FM
TSALAK on January 29, 1998 for a 2-year period.
CORPORATION FINANCIAL PERFORMANCE
(in million roubles disregarding denomination)
| Name of indicator |
Total as on Jan 1,
1997 |
Total as on Jan. 1,
1998 |
| 1. Proceeds from operations (services)
(without VAT) |
1 831 928 |
1 728 510
|
| 2. Cost of operations (services) |
1 282 780 |
1 315 441 |
| 3. Proceeds from sales (1-2) |
549 148 |
413 069 |
| 4. Operating income |
69 724 |
70 555 |
| 5. Operating expenses |
79 427 |
56 888 |
| 6. Reported profit (3+4-5) |
539 445 |
426 736 |
| 7. Profit tax |
189 325 |
136 645 |
| 8. Profit distribution |
56 493 |
3 294 |
| 9. Retained earnings (6-7-8) |
293 627 |
286 797 |
PLC submitted the required copy of the balance
to the Municipal Statistics Office located in Korolev (Moscow
area).
In line with the Corporation Articles of Association
and the Resolution adopted by the Board of Directors the
dividends were declared only on type 'B' preference shares
at the rate of 51630 roubles (without denomination) per
share.
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