Kiri

State company of limited liability KREMERATA BALTICA Annual Report for the year 2022  Annual Report for the year 2022 of the State company KREMERATA BALTICA Ltd. Contents General information on the company 3 Principles of the accounting 4 Evaluation methods 5 Profit and loss account for 2022 6 Balance on 31 December 2022 7 Report on the changes in own capital for 47 965 10 Report on the cash flow for 2022 11 Notes to the financial reports 12 The Managerial Report 13 2  Annual Report for the year 2022 of the State company KREMERATA BALTICA Ltd. General information on the company 1. The company is registered in the Register of Enterprises on 4 November 2004 with a registration number 40003487546. The address of the company is 8-4 Riharda Vāgnera St., Riga LV-1050. 2. According to the statutes the basic activities of the company are: 1) to promote and support the development of the concert life of the Baltic States and its integration into the international processes, to popularise the art of the Baltic composers in the world; 2) to organise concerts both in the Baltic States and abroad. 3. The name of the bank: VALSTS KASE, SWEDBANK 4. The founder of the company: The Ministry of Culture of the Republic of Latvia, Reg. No. 90000042963 5. The state authorised agent: Dace Vilsone 6. The average number of staff members at the company: 25. 7. Independent Auditor of VSIA KREMERATA BALTICA – SIA ARM K Revidents Auditors 3  Annual Report for the year 2022 of the State company KREMERATA BALTICA Ltd. Accounting principles The financial statement of the company has been elaborated in accordance with the Law on Accounting, Law on Annual Reports of the Companies and generally accepted accounting principles of the Republic of Latvia. The annual statement has been elaborated following the principle of operating company by that assuming that the company will continue its work. The accounting of the company is carried out according to the accumulation principle, ie. the principle according to which the income and expenses are entered into accounting books taking into account the time of their origin and not the date of actual receipt or payment of the sum. The income and expenses related to the year of account are entered not taking into account the date of payment or receipt of the bill. The accounting is carried out with the help of a computer programme Tilde Jumis. The synthetic accounting register is a Ledger. According to the statutes the income surplus over the expenses is counted in the reserve capital. 4  Annual Report for the year 2022 of the State company KREMERATA BALTICA Ltd. Evaluation methods All fixed assets are originally evaluated at their purchase value. In the balance sheet the fixed assets are entered at their purchase price, counting off the wear. The wear is calculated according to a linear method once a quarter during the actual use of the fixed assets, by using such rates set by the management: % Other fixed assets 35 Other inventory 20 5  Annual Report for the year 2022 of the State company KREMERATA BALTICA Ltd. Profit and loss account for the year 2022 EUR 1. Net turnover 669 579 2. Production expenses of the sold goods 0 3. Gross profit or loss 669 579 4. Concert performance costs -1 176 253 5. Administration expenses -184 283 6. Other income 696 433 7. Other expenses -983 8. Profit or loss before the taxes 4 493 9. The income tax of the company for the year of account 10. The result of activities for the year of account 4 493 - Director I. Zemzare 6  Annual Report for the year 2022 of the State company KREMERATA BALTICA Ltd. BALANCE I Assets Row End of Beginning of code 2022 2022 A B 1 2 1. LONG-TERM INVESTMENTS I. Intangible investments Expenses of research and company development 11110 Concessions, patents, licences, trademarks and similar rights 11120 Other intangible investments 11130 Intangible value of the company 11140 Advanced payments on intangible investments 11150 TOTAL FOR I 11100 II. Fixed assets Land, buildings, constructions and perennial plantations 11210 Equipment and machinery 11220 Other fixed assets and inventory 11230 21407 21230 Establishment of fixed assets and expenses of unfinished construction works 11240 Long-term investments in hired fixed assets 11250 Advance for base asset 11260 TOTAL FOR II 11200 21407 21230 III. Long-term financial investments Share in the capital of related companies 11310 Loans to related companies 11320 Share in the capital of affiliated companies 11330 Loans to affiliated companies 11340 Other securities and investments 11350 Other loans 11360 Own shares 11370 TOTAL FOR III 11300 TOTAL FOR PART 1 11000 21407 21230 2. CURRENT ASSETS I. Stocks Raw materials, basic materials and auxiliary materials 12110 Unfinished production 12120 Finished production and commodities for sale 12130 956 552 Unfinished orders 12140 Advanced payments on commodities 12150 Work animals and productive animals 12160 TOTAL FOR I 12100 956 552 II. Receivables Receivables of purchasers and customers 12210 Receivables of related companies 12220 Receivables of affiliated companies 12230 Other receivables 12240 22701 40163 Unpaid shares in public capital 12250 Expenses for next periods 12270 904 985 TOTAL FOR II 12100 23605 41148 III. Securities and shares in capitals Shares in capitals of related companies 12310 Own shares 12320 Other securities and shares in capitals 12330 TOTAL FOR III 12300 IV. Money (total) 12400 65289 22100 Including the sum in the cash register 12410 From the row 12410: foreign currencies 12411 TOTAL FOR PART 2 12000 89850 63800 BALANCE 10000 111257 85030 II Liabilities Row End of Beginning of code 2022 2022 A B 1 2 1. OWN CAPITAL I. Share capital (equity) 21100 47965 47965 Reserve 21100 1 1 II. Retained earnings Retained earnings of previous years 21510 565 -52 Retained earnings of the year of account 21520 4493 617 TOTAL FOR PART 1 21000 53024 48531 2. ACCRUALS Accruals for pensions and other such expenses 22100 Accruals for expected taxes 22200 Other accruals 22300 TOTAL FOR PART 2 22000 3. PAYABLES I Long-term payables Loans that can be turned into securities 23010 Bonds 23020 Loans from no financial institutions 23030 Including delayed loans 23031 Other loans 23040 Advanced payments of purchasers 23050 Debts to suppliers and contractors 23060 Due bills 23070 Debts to related companies 23080 Debts to affiliated companies 23090 Taxes and social security payments 23100 Other payables 23110 Income of next periods 23120 Dividends of the year of account 23130 Unpaid dividends of previous years 23140 II. Short-term payables Bonds 23150 Loans that can be turned into securities 23160 Loans from no financial institutions 23170 Including delayed loans 23171 Other loans 23180 Advanced payments of purchasers 23190 Debts to suppliers and contractors 23200 Due bills 23210 Debts to related companies 23220 Debts to affiliated companies 23230 Taxes and social security payments 23240 41983 22180 Other payables 23250 16250 8029 Income of next periods 23260 6290 Dividends of the year of account 23270 Unpaid dividends of previous years 23280 TOTAL FOR PART 3 23000 58233 36499 BALANCE 20000 111257 85030 Director I.Zemzare 9  Annual Report for the year 2022 of the State company KREMERATA BALTICA Ltd. Report on the changes in own capital for 2022 Share capital Undistributed profit Total EUR EUR EUR 47 965 5059 53 024 10  Annual Report for the year 2022 of the State company KREMERATA BALTICA Ltd. Report on the cash flow for 2022 Cash flow from business operations Profit 4 493 • Increase of debts payable 1 376 914 • Increase of debts receivable -1 311 625 Cash flow from financial operations Increase of share capital 65 289 11  Annual Report for the year 2022 of the State company KREMERATA BALTICA Ltd. Notes to the financial reports for 2021 1 Account in the Bank of Latvia and Swedbank for 65 289 2 .Payables - tax 41 983 - annual report for the year 2022 editions 1 815 - other 14 438 12  Public LCC KREMERATA BALTICA (Reg. Cert. No. 40003487546) Management Report Governing body report The state LLC KREMERAT BALTICA is re-registered on November 4, 2004. Type of the main activity: performing art. Structural capital of the Chamber Orchestra – in the amount of 100% – 47 965 EUR is invested by the state, in the person of the Ministry of Culture of the Republic of Latvia. Public procurement and its implementation: Kremerata Baltica has given 45 concerts in accordance with Financing agreement No Nr.2.5.- 11-24 from January 31, 2022 4 concerts were given in Regions of Latvia: Cēsis, Liepāja,Rēzekne, Jūrmala There has been prepared 6 new programs in 2022, including special performances Jubilate 100 (Gidon Kremer 75 + Kremerata Baltica 25): Liepāja Tallinn Rēzekne Rīga Station to Station project in Germany: Dresden, Karlsruhe, Weimar, Chemnitz, Wupopertal Kremerata Baltica participated in International festivals: Glasperlenspiel festival in Tartu, Estonia Lockenhaus festival in Austria KREMERATA BALTICA festival in Dzintari, Latvia Kronberg Academie Festival in Germany Kremerata Baltica has performed in 13 countries in 2022: Austria, Belgium, Czech Republic, Latvia, Germany, Hungary, Estonia, Luxembourgh, Norway, Korea, Slovenia, Sweden, The Baltic composers, whose compositions have been played in the concert programs of the Chamber Orchestra – 1. Raminta Šerkšnytė, Winternacht First performance, commisioned by Kremerata Baltica 2. Georgijs OSOKINS Auf dem Flusse . First performance, commisioned by Kremerata Baltica 3. Raminta Šerkšnytė . It too shall pass. First performance, commisioned by Kremerata Baltica 4. Peeter Vahi. To the Mother 5. Krists Auznieks. Burning for piano and strings. First performance, commisioned by Kremerata Baltica 6. Andrius Žlabys - “Kaleidoscope of Lost Time” (G.Kremer and Kremerata Baltica 7. Erki Sven Tuur. Symphone Recordings: 1.A new recording with Lucas Dergue and KREMERATA BALTICA was made. 2. A new recording with Mario Brunello was made in Latvian Radio. 3. The now album of Milosz Magij music “ Zahl” was issued. 4. The new album PPP was issued by SKANI nand got the Golden Microphone prise. Financial development: Finances of 2022 are formed (EUR): 1. The master budget funding of the Ministry of Culture of the Republic of Latvia – 619 357 2. Funding of the Ministry of Culture of Estonia - 25 000 3. Funding of the Ministry of Culture of Lithuania - 50 000 4. Funding of collaboration partners 671 479 Future projects: The concerts estimated in 2023: 40 * Active preparation to the 26th season of Kremerata Baltica Orchetra * The 19th festival of Kremerata Baltica in Dzintari, Jurmala. * Koncerts in Latvia, Liethuania, Estonia. * Concert tours in Europe, North America, Asia * Concerts in Austria, France, Czech Republic, , Germany, Italy, Estonia, Lithuania, Turkey, Hungary etc. Member of the Board Ingrida Zemzare