Belshina wrote off exchange differences and received a net loss of 274 million rubles

Belshina's revenue in 2017 increased by 10.2% to RUB 740 million. Such information is contained in the company's annual report published on the Unified Financial Market Portal.

Profit from sales increased by 24% to 22.57 million rubles.

Long-term loans and borrowings at the beginning of 2018 amounted to 357.8 million rubles, short-term - 264.5 million.

Short-term accounts receivable amounted to 186.6 million rubles.

The net loss of JSC Belshina in 2017 increased 65 times and amounted to 274.17 million rubles. Foreign exchange losses were the key influence. They amounted to 357.454 million rubles.

“In accordance with the decree, we attributed the exchange rate differences [for 2015-2017] to the end of 2018. But in order to bring the financial statements to IFRS, everything was written off at the end of 2017, - explained at Belshina. They emphasized that indicators related to operating activities show growth.

The auditors also noted that at the beginning of 2018, the short-term liabilities of the tire plant exceeded the short-term assets by 146 million rubles.

Given these financial results, the auditors were forced to question the Bobruisk plant's ability to continue operating as a going concern. However, the report states that Belshina will continue to operate for the foreseeable future. A link is provided to the company's report on economic stabilization measures in 2017 and the financial recovery program in 2018.