Mriya Agro Public : Holding Publishes Audited Consolidated Financial Statement

Mriya Agro Holding has published an audited consolidated financial statement - the first one since the creditors took control of the company.

The report was presented as a consolidated opening balance sheet as of July 1, 2015. The document does not include financial results for the previous period, because management data for the period prior to the transfer of control to the creditors is incomplete, and because the new management does not support the previous management's accounting policies.

Starting July 1, 2015, Mriya's financial year was changed to 1 July - 30 June in order to better reflect agricultural seasons.

The consolidated statement was prepared based on a detailed analysis and independent evaluation of all assets and liabilities, as well as a full review of accounting policies and coordination of assessment methodology for both on- and off-balance-sheet assets and liabilities with an external auditor. The report was audited by the international audit firm, KPMG.

Full version of the report can be found on the company's official website atwww.mriya.ua.

Starting FY 2015/2016, Mriya will prepare and publish quarterly financial reports, which will include balance sheet, income statement, cash flow, and any changes in assets and equity. These reports will be subject to an external audit review.