The next annual general meeting of Moldovagaz shareholders will be held in Chisinau on July 28.
Its agenda includes issues related to the consideration of the financial report of Moldovagaz JSC for 2022, the approval of the reports of the Management Board, the Audit Commission and the Supervisory Board for the last year, the decision to cover the losses of Moldovagaz for 2022. In addition, the shareholders will approve audit company to conduct the next mandatory audit and set the amount of payment for its services, as well as elect members of the Supervisory Board "Moldovagaz". Shareholders can familiarize themselves with materials on the agenda of the meeting on July 18. As InfoMarket agency reported earlier, the losses of Moldovagaz in 2022 amounted to 323.21 million lei, an increase of 1.7 times compared to 2021 (190.84 million lei). According to the company's financial report for the past year, its operating profit amounted to 703.96 million lei against a profit of 175.97 million lei a year earlier (an increase of 4 times). At the same time, the loss from the financial activities of the company in 2022 amounted to 1 billion 049.2 million lei, mainly due to a positive exchange rate difference as a result of the revaluation of debts to Gazprom and Factoring-Finance formed in the previous period. A year earlier, the financial activity of the company brought a loss of 367.9 million lei (almost 2.9 times less). From operations with long-term assets and emergency 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, in 2022, the total loss of Moldovagaz amounted to 323.21 million lei, which is 1.7 times more than the loss in 2021 (190.84 million lei). According to the financial statements, sales revenues of Moldovagaz JSC in 2022 amounted to 16 billion 555.27 million lei, an increase of almost 2.5 times compared to 2021 (6 billion 721.57 million lei). Herewith, revenues from the sale of natural gas also increased almost by 2.5 times - from 6 billion 669.22 million to 16 billion 453.27 million lei, and revenues from the provision of services and execution of works increased almost by 2 times - from 48.96 million to 95.26 million lei. In general, the cost of sales increased by 2.8 times - from 5 billion 089.5 million to 14 billion 263.3 million lei. Long-term tangible assets increased by 10.7% - from 38 million 244.6 million to 42 million 344.2 million lei, total long-term assets - increased by 14.1% - from 7 billion 151.5 million to 8 billion 156.4 million lei, current assets increased by 29.7% - from 4 billion 426.2 million to 5 billion 738.6 million lei, and in general assets increased by 21.4% - from 11 billion 577.7 million to 14 billion 058.7 million lei. The total amount of the company's financial liabilities 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 liabilities prevail in the structure of Moldovagaz liabilities, mainly, accounts payable to external creditors for the supplied gas (Gazprom, Factoring-Finance), which exceeds 10.69 billion lei against 10.92 billion lei a year earlier. The authorized capital of Moldovagaz JSC is 1 billion 332.9 million lei. The largest shareholders of the Moldovagaz company are Gazprom (50% of shares), the Moldovan government (35.33%) and the Transnistrian administration (13.44%), which transferred their shares to trust management of the Russian gas holding. // 29.06.2023 — InfoMarket
