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%).
According to the results of 2022, the Kyivmiskbud holding company put into operation more than 101,700 square meters of housing, Kyivmiskbud President Ihor Kushnir has said.
“During 2022, we managed to put into operation three residential complexes – Raiduzhny, Hvardiysky and Phase One of Obereg-2. In general, more than 101,700 square meters. And four parking lots for 617 cars,” he wrote on Facebook on Friday.
As reported, at the end of 2021, PJSC Kyivmiskbud Holding Company reduced its net profit by 18.4% compared to the financial result in 2020, to UAH 5.725 million.
PrJSC Kyivmiskbud holding company (Kyiv), one of the largest developers of Ukraine, in 2017 saw net profit fall by 29% compared to 2016, to UAH 71.231 million. According to a company report in the information disclosure system of the National Securities and Stock Market Commission on holding a general shareholders’ meeting on April 26, 2018, its assets increased by 12.6% and amounted to UAH 7.018 billion.
Total debtor indebtedness in 2017 increased by 3.5 times compared to 2016, to UAH 339 million.
Undistributed profit of Kyivmiskbud increased by 2.6% in comparison with the previous year and amounted to UAH 1.512 billion. Short-term liabilities decreased by 1.8%, to UAH 3.748 billion, while long-term liabilities almost doubled to UAH 1.681 billion. The staff of the company in 2017 grew to 693 people from 660 people a year earlier.
Kyivmiskbud was established on the basis of the property of state municipal construction corporation Kyivmiskbud in 1994 by combining in its charter capital of controlling stakes in 28 enterprises and other assets.
