Moldovagaz’s losses amounted to 323.21 million lei in 2022, up 1.7 times against 2021 (190.84 million lei).
This is stated in the financial report of Moldovagaz for the last year, which was made public by the company. The financial statement reads that the operating profit following the results of the enterprise activity last year made up 703.96 million lei against the last year profit of 175.97 million lei (4 times more). At the same time, the company suffered a loss of 1 billion 049.2 million lei from its financial activities in 2022, mainly due to the positive exchange rate differences from the revaluation of debts to Gazprom and Factoring-Finance, formed in the previous period. A year ago, the loss from financial activities amounted to 367.9 million lei, which is almost 2.9 times less. From operations with long-term assets and extraordinary operations, the profit in 2022 amounted to 22.05 million lei against a profit of 1.09 million lei a year earlier. As a result, the total loss of Moldovagaz in 2022 amounted to 323.21 million lei, which is 1.7 times more than the loss incurred in 2021 (190.84 million lei). According to financial statements, revenues of Moldovagaz from sales in 2022 amounted to 16,555.27 million lei, having increased by almost 2.5 times as compared with 2021 (6,721.57 million lei). At the same time, revenues from sales of natural gas increased almost 2.5 times - from 6 billion 669.22 million lei to 16 billion 453.27 million lei and revenues from services and works - increased almost 2 times - from 48.96 million lei to 95.26 million lei. On the whole, the cost of sales increased 2.8 times - from 5 billion 089.5 million to 14 billion 263.3 million lei. The long-term tangible assets increased by 10.7% - from 38 million 244.6 million to 42 million 344.2 million lei, the total long-term assets increased by 14.1% - from 7 billion 151.5 million to 8 billion 156.4 million lei, the current assets increased by 29.7% - from 4 billion 426.2 million to 5 billion 738.6 million lei, and the total assets grew by 21.4% - from 11 billion 577.7 million to 14 billion 058.7 million lei. The total sum of financial obligations of the company for the year increased by 20.1% - from 14 billion 017.8 million lei in 2021 to 16 billion 839.7 million lei in 2022. Current obligations prevail in the structure of liabilities of Moldovagaz, mainly payables to foreign creditors for supplied gas (Gazprom, Factoring-Finance), which amount to over 10.69 billion lei against 10.92 billion lei a year earlier. The authorized capital of JSC Moldovagaz makes up 1 billion 332.9 million lei. The biggest shareholders of Moldovagaz are Gazprom (50% of shares), Moldovan government (35.33%) and Transnistrian administration (13.44%) that entrusted its shares to the Russian gas holding. // 12.06.2023 - InfoMarket.
