Mariupol Investment Group successfully passed the regular international audit
Management Company «Mariupol Investment Group» LLC (hereinafter - Management Company «MIG», LLC) successfully passed the annual audit of combined financial statements in accordance with IFRS.
Management Company «MIG» LLC successfully passed the annual audit of combined financial statements based on the results of the companies activities included in its management in 2018 according to the International Financial Reporting Standards (IFRS).
To conduct the audit, MC «MIG», LLC engaged the Kreston GCG Company, which represents in Ukraine the international network «Kreston International», one of the world's leading organizations in the field of audit and consulting services.
The independent auditor confirmed that the 2018 combined financial statements prepared by the Group accurately reflected its financial condition and financial results in accordance with the requirements of IFRS
The consolidated assets of the «MIG» at the end of 2018 amounted to $ 24,889 million. (at the end of 2017 - 24 854 million dollars). The consolidated equity capital of the Group at the end of 2018 amounted to 21 794 million dollars (at the end of 2017 - 21 945 million dollars).
The consolidated gross income for 2018 amounted to 7 235 thousand dollars. (for 2017 - 5 837 thousand dollars). EBITDA margin for 2018 was 14% (in 2017 - 31%)
Bogdan Dudnikov, Head of the Financial Department of Management Company «MIG» LLC:
“Our company continues to follow the strategy of raising corporate governance standards, business transparency and the quality of information disclosure. Regular confirmation of reporting according to IFRS standards allows us to create more open and trusting relationships with foreign partners and clients. ”
Oleg Ivanyushenko, Co-founder and Executive Director of Management Company «MIG», LLC:
«The management company continues to implement large-scale investment projects. That’s why the preparation and confirmation of financial statements in accordance with IFRS has become a regular task of the management staff of the company, as it allows entering the international debt capital market.»