PUBLIC COMPANY LIMITED
OVOSTAR UNION
CONSOLIDATED CONDENSED | FOR THE 9 MONTHS |
NTERIM FINANCIAL STATEMENTS | ENDED 30 SEPTEMBER 2020 |
CONTENTS
BoD Statement……………………………………………………… | 3 |
Interim management report…………..…………………… | 4 |
consolidated condensed | |
Interim statement of comprehensive income | |
(unaudited)…………………………………………………………….. | 7 |
consolidated condensed interim | |
statement of financial position | |
(unaudited)…………………………………………………………….. | 8 |
consolidated condensed interim | |
statement of changes in equity | |
(unaudited)…………………………………………………………….. | 9 |
consolidated condensed interim | |
statement of cash flows | |
(unaudited)…………………………………………………………….. | 10 |
notes to the consolidated condensed interim | |
financial statements | |
(unaudited)…………………………………………………………….. | 11 |
Ovostar Union PCL | 9M 2020 | | 2 |
STATEMENT | of THE MEMBERS OF |
THE BOARD OF DIRECTORS |
Members of the Board of Directors of Ovostar Union Public Company Limited in accordance with the applicable provisions of the Law providing for transparency requirements in relation to information about issuers whose shares are admitted to trading on a regulated market (L.190 (Ι)/2007- "Transparency Law") herewith confirms that to the best of their knowledge the present unaudited interim consolidated condensed financial statements for the nine months ended 30 September 2020
- have been prepared in accordance with the International Financial Reporting Standard as adopt- ed by the European Union; and
- give a true and fair view of the assets, liabilities, financial position and profit or loss of the issuer, and the undertakings included in the consolidated accounts as a whole.
12 November 2020
Nicosia, Cyprus
[signed] | [signed] | [signed] |
………………………………… | ………………………………… | ………………………………… |
Borys Bielikov | Vitalii Veresenko | Karen Arshakyan |
Chief Executive Officer, | Chairman of the Board, | Head of Audit Committee, |
Executive Director | Non-executive Director | Non-executive Director |
[signed] | [signed] |
………………………………… | ………………………………… |
Sergii Karpenko | Vitalii Sapozhnik |
Non-executive Director | Chief Financial Officer |
Ovostar Union PCL | 9M 2020 | | 3 |
KEY SEGMENTS ACTIVITY | INTERIM MANAGEMENT REPORT |
EGG SEGMENT
Production
As of 30 September 2020 total flock of the Company was 8.1 mln heads demonstrating 3% increase Y-o-Y (2019: 7.9 mln heads). The laying flock grew by 3% Y-o-Y and reached 6.9 mln heads (2019: 6.7 mln heads).
Over the nine months of 2020 1 236 mln eggs were produced (2019: 1 191 mln eggs).
sales
Sales volume of shell eggs totaled to 795 mln (2019: 888 mln eggs). Lower sales volume is accounted for by reduction of trading activities in the reporting period. Export sales equaled 266 mln eggs or 34% of the total sales volume (2019: 440 mln eggs and 50% respectively).
Average selling price of shell eggs fell by 8% Y-o-Y to 0.056 USD/egg (2019: 0.061 USD/egg).
EGG PRODUCTS SEGMENT
Production
In the reporting period 433 mln eggs were processed (2019: 432 mln eggs). The output of dry and liquid egg products was 2 597 tons (+19% Y-o-Y) and 9 983 tons (-5%Y-o-Y) respectively.
sales
Sales volume of dry egg products equaled 2 417 tons (+39% Y-o-Y), out of which 1 705 tons, or 71%, were exported (2019: 1 235 tons and 71% respectively).
Sales volume of liquid egg products equaled 9 692 tons (-7%Y-o-Y), out of which 3 521 tons, or 36%, were exported (2019: 5 069 tons and 48% respec- tively).
Average selling price of dry egg products decreased by 8% Y-o-Y to 4.05 USD/kg (2019: 4.39 USD/kg); average selling price of liquid egg products fell by 16% Y-o-Y to 1.19 USD/kg (2019: 1.41 USD/kg).
Ovostar Union PCL | 9M 2020 | | 4 |
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Ovostar Union NV published this content on 16 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2020 06:16:07 UTC