| Brief history of the company, important events of its development |
| Ichnyansky Food Product Plant OJSC was created by transforming the state-owned enterprise Ichnyansky Food Product Plant into an open joint-stock company in the course of privatization of state property. |
| Information on the organizational structure of the issuer |
| The Issuer's organizational structure is an open joint-stock company. There are no structural subdivisions separated on a separate balance sheet. |
| Description of the selected accounting policy |
| The accounting policies are based on the Ukrainian Accounting Standards and applicable regulations. |
| Extract from the audit report |
| The documents and information received for the audit enabled the auditor to form a complete picture of the real state of assets, capital and liabilities of Ichnyansky Food Product Plant OJSC. Based on the audit and the analysis of the indicators, the auditor expresses the following opinion: 1. The organization of the Company's accounting is carried out in compliance with the requirements of the current legislation, applicable regulations and UAS. 2. The financial statements of OJSC "Ichnyansky Food Product Plant" as of December 31, 2003 are based on the accounting records, which, in our opinion, are derived from the relevant source documents. 3. The financial statements in all material respects give a true and complete picture of the issuer's activities for the period from January 1, 2003 to December 31, 2003.2003, which in general really reflects the financial condition of the company, the actual state of assets and their sources, completeness of income and expenses, financial results of activity for 2003, except for the comments on the text of the opinion and the impossibility of verifying the facts concerning the auditor's non-participation in the inventory of balance sheet items. These limitations have a minor impact on the issuer's financial statements. 4. The auditor confirms the balance sheet of Ichnyansky Food Product Plant OJSC as of December 31, 2003, the income statement, cash flow statement, statement of equity and notes to the annual financial statements for 2003. Director of AF "Porada", auditor I.V. Garkavyi Auditor's certificate A No. 002679 dated 5.10.95 |
| Information on the main types of products or services produced or provided by the issuer, prospects for the production of certain goods and services |
| The main types of products are fruit and berry preserves and fruit and berry wines. The company has no stable sales market. The Company is engaged in processing of its products in the region. The Company has no information about significant competitors. |
| Information on material issues affecting the issuer's operations |
| The main problems are the lack of working capital, low solvency of the population, and deterioration of fixed assets. |
| Information on the payment of fines and compensation for violations of applicable laws |
| No fines were paid in the reporting period. |
| Description of the selected policy on financing the issuer's activities |
| The company is fully self-supporting. |
| Information on the value of agreements (contracts) concluded but not yet executed |
| There are no contracts concluded but not yet fulfilled. |
| Forecasts and plans for at least one year on the issuer's activities |
| Resumption of production. |
| Other information that may be material to the investor's assessment of the issuer's financial condition and performance |
| No additional information is available. |
