The agricultural exchange may lose UAH 31 million due to the bankruptcy of Finance and Credit Bank.
Due to the insolvency of Finance and Credit Bank, the Agrarian Exchange faces a loss of UAH 31,35 million and a loss of UAH 933 in revenue, according to the editorial staff. 368 media This became known from the results of the financial audit for 2019-2021.
Auditors note that the Agrarian Exchange experienced a number of revenue challenges during the period. Net income in 2019 was UAH 1,7 million, in 2020 it was UAH 1,8, and in 2021 the net loss was UAH 2,4 million.
At the same time, the State Audit Service gives a conditionally positive assessment of financial activity, since the presence of an internal control system is insufficient to prevent all significant violations.
In particular, due to the fact that the Agrarian Fund did not conduct commodity and financial interventions on the Agrarian Exchange in 2019, the Exchange lost revenue by 8,92 million hryvnias.
In addition, in connection with the recognition JSC Bank Finance and Credit The insolvent Agrarian Exchange may lose 31,35 million hryvnias and also lose 933 thousand hryvnias in revenue.
The Exchange's untimely conversion into a joint-stock company resulted in the loss of the opportunity to receive an additional 338 thousand hryvnias in revenue.
State auditors note that the low level of development of the exchange agricultural market, as well as the expiration of the Cabinet of Ministers' Resolution "On Certain Issues of Drafting and Registering Foreign Economic Contracts" No. 1254, does not contribute to the Exchange's income.
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