Temporary control commission of Kyiv City Council requested from JSC “Holding company “Kyivmiskbud” data on the financial results of the construction company for the period from 2019 to 2022 for audit.
“Today at the first meeting of the commission together with colleagues set the task for representatives of the joint-stock company to provide financial statements on activities for 2019-2022 and the first quarter of 2023, as well as complete information about the started, ongoing, suspended and completed construction projects from 2019 inclusive,” the press service of the Kyiv City Council quotes the head of the temporary control commission, deputy of the City Council Miroslava Smirnova.
The commission also requested data from Kievgorstroy on the accrued and paid in 2019-2022 in the budget of Kiev dividends and related calculations, orders and protocol decisions.
Smirnova pointed out that the commission to verify the information was created after journalists published in May an investigation about the activities of the construction company. The deputy reminded that the territorial community of Kyiv owns a controlling interest in the Holding Company Kyivmiskbud in the amount of 80%, thus the inspection is necessary to protect the legal interests of the community.
After the audit will be made proposals regarding the activities of Kyivmiskbud.
Earlier, Kyivmiskbud reported a significant amount of debt under the installment payment agreements – more than 320 million UAH, which prevents the resumption of active construction work at the sites.
According to Openadtabot, Kyivmiskbud in 2022 received 35.8 million UAH net loss against 4.3 million UAH net profit in the previous year. At the same time, the company’s revenue increased by 23% to UAH 1.8 billion.
HC Kyivmiskbud was created on the basis of assets of state municipal construction corporation Kyivmiskbud in 1994 by combining the controlling interests in its share capital of 28 companies and other assets. The CC includes 40 JSCs in which the company holds the shares, six subsidiaries and 51 companies with the rights of the associated member.
The main shareholder of PJSC HC Kyivmiskbud, according to the NCCSD, is the Kyiv City Council (80%).
