24 September 2014
7th Annual audited financial statements of GC "Foxtrot"
The group of companies "Foxtrot" - owner of brands in the retail home appliances and electronics, as well as real estate management reports the results of the audited consolidated financial statements for the year ended March 31, 2014, prepared in accordance with International Financial Reporting Standards (IFRS).
Net revenue in the 2013/14 fiscal year had decreased by 3.5% to 1,013,000. US dollars. EBITDA for the reporting period increased to 59.7 mln. USD (17.1% compared to the 2012/13 financial year). EBITDA for the reporting period increased to 59.7 mln. USD (17.1% compared to the 2012/13 financial year).
"The financial audit has already become for us a reliable tool for business development, proof that the European principles of transparency and annual financial statements are relevant for companies under our trademarks, - commented Chairman of the Board of Founders Group of companies" Foxtrot "Gennady Vykhodtsev. - Our financial performance is optimistic, despite the difficult economic circumstances: a significant depreciation of the national currency, inflation and falling purchasing power. Ukrainian economy today is too vulnerable, but I think the largest domestic sellers of goods and services will keep the industry afloat retail in our country. "
The auditor of Group of companies "Foxtrot" was the company BDO in Ukraine - a leading national auditing and consulting group of companies, is a member of BDO International, one of the largest in the world in terms of total revenues international network of independent accounting and consulting firms. According to experts' opinion, the consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) and reliably, without reservation, the financial position of of Group of companies "Foxtrot" as of March 31, 2014.
"The financial audit has already become for us a reliable tool for business development, proof that the European principles of transparency and annual financial statements are relevant for companies under our trademarks, - commented Chairman of the Board of Founders Group of companies" Foxtrot "Gennady Vykhodtsev. - Our financial performance is optimistic, despite the difficult economic circumstances: a significant depreciation of the national currency, inflation and falling purchasing power. Ukrainian economy today is too vulnerable, but I think the largest domestic sellers of goods and services will keep the industry afloat retail in our country. "
The auditor of Group of companies "Foxtrot" was the company BDO in Ukraine - a leading national auditing and consulting group of companies, is a member of BDO International, one of the largest in the world in terms of total revenues international network of independent accounting and consulting firms. According to experts' opinion, the consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) and reliably, without reservation, the financial position of of Group of companies "Foxtrot" as of March 31, 2014.