The assets of MACO Group, the owner of which is Oleksandr Yanukovych, the eldest son of the president of Ukraine, and which unites private joint-stock company MACO Holding (Donetsk), public joint-stock company Vseukrayinsky Bank Rozvytku (all-Ukrainian Development Bank, VBR Bank, Kyiv), and over 10 companies in Ukraine, the Netherlands and Switzerland, came to UAH 1.709 billion as of late 2011, reads a press release of the group, referring to a first prepared consolidated report under international financial reporting standards (IFRS) for 2010 and 2011 audited by PricewaterhouseCoopers.
“We follow the principles of transparency and are striving to build a company of a global level. We have for the first time published the key indicators of our financial report, drawn up in line with international financial reporting standards and confirmed by auditor PricewaterhouseCoopers. In future, we plan to continue presenting the financial indicators of our group to the public,” the press service said, citing Oleksandr Yanukovych.
According to the report, the net assets of the group in 2011 came to UAH 505.5 million, its gross sales profit totaled UAH 5.303 million, net interest-bearing income from banking operation reached UAH 78.503 million, while its pretax profit stood at UAH 21.743 million, and total expenses on profit tax amounted to UAH 5.134 million.
The total sum of taxes and duties paid by the group’s companies to the budgets of all levels in 2011 came to over UAH 21 million, including the unitary social tax of over UAH 12 million.
Wages accrued totaled over UAH 38 million, including over UAH 5 million in personal income tax.
The company did not give the equivalent indicators for 2010.
Around 700 people worked at the group’s companies at the end of 2011, which as of December 31, 2011 included 16 companies in Ukraine, Holland and Switzerland.
The press release says that the top managers of the group are taking active steps to improve the corporation management system, financial function, and legal structure of the group, as well as to increase its transparency.
As reported, Oleksandr Yanukovych in August 2012 formed a supervisory board of private joint-stock company MACO Holding (Donetsk), consisting of three members and headed the board. Oleksandr Yanukovych headed the board.
Along with Oleksandr Yanukovych, Tetiana Halenko, who until late April 2012 was director general of private joint-stock company Capital Building Corporation, which is part of the holding, and Olena Kazimirova, who was a leading specialist before, entered the supervisory board.
MACO Holding has been operating on the Ukrainian market since 2006. Its core business is investing in construction.
Among the projects realized by the corporation is the Stolychny business center commissioned in Donetsk, and a hotel and entertainment complex with a yacht club in Balaklava (commissioned). In addition, the corporation sold the Pivnichny business center in Donetsk at the stage of the laying of its foundations. The name of the new owner is not being disclosed.
