The net losses of Kyiv-based Yaroslaviv Val LLC in 2012 plunged by 7.2 times, to UAH 91.5 million.
The net losses of Kyiv-based Yaroslaviv Val LLC in 2012 plunged by 7.2 times, to Hr 91.5 million.
The company’s net revenues shrank by three times, to Hr 146 million, it reported in the information disclosure system of the National Commission for Securities and the Stock Market.
The developer’s gross losses in 2012 amounted to Hr 4.01 million, against Hr 30.3 million in profit registered in 2011, while operating losses ran at Hr 46.4 million, against Hr 12.7 million in operating profit.
The company’s uncovered loss increased by 48.8%, to Hr 278.9 million. Its current liabilities decreased by 14.1%, to Hr 326.6 million. It had no long-term liabilities as of the end of 2012 Hr 1.29 million as of the end of 2011).
As reported, Yaroslaviv Val in October 2004 issued registered interest-bearing bonds in series ranging from A to K to the tune of Hr 45.736 million at 8.5-22% per annum. The bonds fall due between 2019 and 2036.
The funds were raised under construction projects for facilities located at 17/52-a, 19-a, 19-b, 21-a and 21-b Bohdan Khmelnytsky Street in Shevchenkivsky district in Kyiv, and at 1-a Naberezhno-Khreschatytska Street in Podilsky district in Kyiv.
Yaroslaviv Val was founded in 2001.
Yaroslaviv Val LLC is engaged in the construction of commercial real estate, namely office centers and hotels.
As of April 2012 Yaroslaviv Val LLC had built and opened four hotels in Kyiv – two five-star hotels (the Fairmont Grand Hotel Kyiv and InterContinental Kyiv) and two four-star hotels (the Autograph and the Riviera boutique-type hotel).
In 2011 it saw its net revenues rise by 3.1 times year-on-year, to Hr 432.6 million. Its net loss in 2011 fell by 28.1%, to Hr 12.96 million.
According to the commission, Yaroslaviv Val’s founders and participants as of January 1, 2013, are Yaroslaviv Val LLC itself, with 52.5%, private JSC Forum Asset Management Company on behalf and in the interests of OJSC Venture Closed Non-Diversified Corporate Investment Fund Unibudinvest (Kyiv) with 38.49%, and Yelizaveta Yurusheva with 8.72% and Natalia Yurusheva with 0.29%.
As of the end of 2011, a 4.74% stake in Yaroslaviv Val LLC belonged to businessmen Leonid Yurushev.
The company’s charter share capital as of the end of 2012 was Hr 800 million.
Unibudinvest was established in 2003 and is affiliated with Leonid Yurushev. Its core business is investment related to mergers and the investment of investors’ funds in the securities of other issuers, corporate rights and real estate.
