Moldovagaz losses in 2020 amounted to 678.84 million lei against a profit of 22.38 million lei a year earlier.
According to the company’s financial statements for the last year, in 2020 Moldovagaz obtained a negative financial result due to operating activities - a loss totaling 683.9 million lei (in 2019 - a profit of 67 million lei), including: 491.2 million lei from gas sales; 103.2 million lei - from natural gas transmission services provided by Moldovatransgaz transport operator; 86.3 million lei - administrative expenses; 3.2 million lei - from other operating activities (mainly due to operating expenses for the purchase of foreign currency). At the same time, a profit of 6.8 million lei was obtained from financial activities due to the positive exchange rate difference on debts to Gazprom and Factoring-Finance LLC. Profit from operations with long-term assets and emergency operations amounted to 0.3 million lei. According to financial statements, revenues from sales of Moldovagaz in 2020 amounted to 4 billion 522.5 million lei, down 2.2% compared to 2019 (4 billion 623.9 million lei). At the same time, revenues from the sale of natural gas decreased by 2.6% - from 4 billion 615.01 million to 4 billion 495.64 million lei, and revenues from the provision of services increased 3 times - from 8.92 million to 26.9 million lei, in particular, revenues from gas transportation services increased from 194.9 thousand to 23.65 million lei. In general, the cost of sales increased by 2.2% - from 3 billion 068.8 million to 3 billion 137.3 million lei. Long-term tangible assets increased by 2.6% - from 32 million 995.8 thousand to 33 million 852.2 thousand lei, total long-term assets decreased by 2.3% - from 6 billion 376.6 million to 6 billion 230, 6 million lei, current assets decreased by 12.3% - from 5 billion 990.6 million to 5 billion 253.9 million lei, and in general assets decreased by 7.1% - from 12 billion 367.2 million to 11 billion 484.5 million lei. The total amount of the company's financial liabilities decreased over the year by 205.9 million lei (-1.6%) - from 12 billion 893.8 million in 2019 to 12 billion 687.9 million lei in 2020. ”Moldovagaz prevailing liabilities are current liabilities, payable to external creditors for the supplied gas (“Gazprom”, “Factoring-Finance”) - more than 9.9 billion lei. The authorized capital of Moldovagaz JSC is 1 billion 332.9 million lei. The largest shareholders of the Moldovagaz are Gazprom (50% of shares), the Moldovan government (35.33%) and the Transnistrian administration (13.44%), which transferred its shares into trust management of the Russian gas holding. // 03.06.2021 - InfoMarket.
