Income from gambling market legalization in 2021 will amount to UAH 5 billion, President of Ukraine Volodymyr Zelensky has said.
“What has existed in the shadows for years, now with the first licenses, should bring UAH 5 billion to the budget already next year,” Zelensky said from the rostrum of the Verkhovna Rada on Tuesday, October 20.
The draft state budget for 2021 does not contain a forecast of income from the sale of the first licenses in the gambling market. The state budget for 2020 assumed income of UAH 4 billion from gambling legalization.
PJSC Kriukov Car Building Works (KCBW, Kremenchuk, Poltava region) saw a consolidated net income of UAH 74.5 million in January-March 2020, which is 76.2% less than in the same period in 2019 (UAH 310.75 million).
According to the interim reporting of the enterprise in the information disclosure system of the National Securities and Stock Market Commission, the net income from sales of products for that period decreased by 43%, to UAH 1.114 billion.
Consolidated gross profit decreased by almost 77.8%, to UAH 101.06 million, and operating profit decreased almost fivefold, to UAH 78.02 million.
The consolidated financial statements include, in addition to Kriukov Car Building Works (the parent company), its subsidiaries, namely, Instrumental Plant LLC (Kremenchuk) and V.N.V. LLC (Kyiv), in which 100% belongs to Kriukov Car Building Works.
The company said in the financial statements on its website that the current assets of the group by the beginning of April exceed its current liabilities by UAH 2.983 billion.
In the structure of net income from wagon constructing products, some UAH 1.058 billion was received (38.5% less than in the first quarter of 2019), including sales of main products, freight wagons, decreased by 47%, to UAH 871.5 million, while passenger wagons increased by 2.6 times, to UAH 187 million.
However, the sale of wagons in Ukraine significantly decreased by 70% compared with January-March of 2019, to UAH 487 million (the share in total sales decreased to 43.7% compared to 82.5%), and to the countries of Asia, to UAH 1.58 million compared to UAH 70.28 million. The sale of wagons to European countries grew by 2.3 times, to UAH 624.82 million (their share in total sales rose from 13.9% to 56%).
The number of wagons produced and sold in the first quarter is not given in the report.
Kriukov Car Building Works is the only company in the CIS that has established and operating production of passenger and freight rail wagons. It also produces regional diesel trains, high-speed interregional trains of locomotive traction, spare parts and carts for freight wagons.
President of Ukraine Volodymyr Zelensky has declared his property, income, expenses and financial liabilities for 2019. “According to the declaration, the income of the head of state and his family in 2019 amounted to UAH 28.602 million. Zelensky’s family paid taxes in the amount of UAH 3.6 million to the budget,” the presidential press service said.
Since May 2019, Zelensky has not been engaged in entrepreneurial activities and receives salaries exclusively in the state administration. His salary from May to December 2019 amounted to UAH 208,787.
“In the reporting period, an increase in his spouse’s salary and a decrease in the salary and business income from the entrepreneurial activities of Volodymyr Zelensky were recorded,” the report said.
In particular, in 2019, the president’s family received funds in repayment of government domestic loan bonds for a total of UAH 5.1 million and incurred expenses for the acquisition of government bonds in the amount of UAH 5.2 million.
Zelensky declared UAH 4.423 million, which were received from the sale of real estate in Kyiv in Velyka Vasylkivska Street, owned by his wife.
Also, the Zelensky family received UAH 3.2 million for renting an apartment in the UK.
In 2019, the wife of the president, Olena Zelenska, received a loan from the first assistant to the head of state, Serhiy Shefir, in the amount of UAH 5 million. The loan was repaid by the end of the reporting year.
Zelensky in 2019 spent UAH 11.5 million as a contribution to the election fund of the candidate for the president of Ukraine.
Ukraine would receive income of $15 billion in five years of transit of Russian natural gas, according to Minister of Energy and Environment Protection of Ukraine Oleksiy Orzhel. “The approximate income with which Ukraine left this meeting [the meeting in Minsk on December 20, following which Ukraine-Russia-EC signed an intergovernmental protocol], is more than $3 billion for arbitration and approximately $3 billion for transit each year during five years,” the minister wrote in his column for the Ekonomichna Pravda (Economic Truth) publication on Tuesday.
“Thus, in five-year outlook, we will receive about $18 billion, of which $3 billion is ‘natural’ money – before the New Year. And this is without any enslaving conditions regarding the purchase of Russian gas,” Orzhel said.
At the same time, he said that at the meeting in Minsk the parties made significant progress, however, at present, the risk of not signing the new contract still exists.
“The protocol is not an agreement yet. In the last week of December, our companies will draft the text. But until the agreement itself has been signed, there is no transit. Can the other side change its mind at the last moment? Yes. Are we ready for this? Yes. But if this happens, Gazprom will suffer all image losses,” the minister added.
One taxpayer declared over UAH 1 billion of income in Ukraine in 2018 and 4,810 taxpayers declared income over UAH 1 million last year, the State Fiscal Service reported on Monday. The youngest millionaire is seven years old and the oldest – 99, the authority said.
“The largest number of millionaires who submitted declarations is registered in Kyiv. Their number is 2,184 or 45% of the total number of millionaires,” the fiscal service said. The authority said that among leaders are Kyiv region with 333 people, Kharkiv region with 328 and Dnipropetrovsk region with 303.
PrJSC Ukraine International Airlines (UIA, Kyiv), the leading air carrier of the country, in 2017 increased net income by 24%, or UAH 4.273 billion, to UAH 22.103 billion, according to a company annual report in the information disclosure system of the National Securities and Stock Market Commission. According to him, net loss coincided with the earlier announced preliminary indicator of UAH 304.51 million against UAH 387.89 million net profit in 2016.
Gross profit last year fell by 9.7%, to UAH 1.699 billion, while operating loss amounted to UAH 638.09 million against an operating profit of UAH 31.21 million a year earlier. The report reads that last year the cost of fixed assets rose by 28.8%, to UAH 21.2 billion, in particular leased assets by 28.6%, to UAH 20.46 billion. The value of its net assets slightly decreased from “minus” UAH 2.26 billion to “minus” UAH 2.54 billion. Total liabilities at the end of last year amounted to UAH 954.4 million, including two bank loans for UAH 607.8 million with maturity in 2016 and free cash in the amount of UAH 260.9 million, declining by 14.6% over the year.
According to the report, Cypriot-based Ontobet Promotions Limited owns 25.8373% of the company shares, but the same company through the “connection” scheme with the participation of Capital Investment Project and Investment Projects Management (both based at the same address in Kyiv) controls the remaining 74.1627%.