Assets of Oleksandr Yanukovych Approaching 2 Billion

Accumulated assets of the MAKO holding headed by Oleksandr Yanukovych constitute 1.7 billion hryvnia.

The press service of the company reports the information based on a PriceWaterhouseCoopers audit.

The company notes that it has disclosed its financial results for 2010-2011 for the first time.

According to the report, the key financial results, including all companies of the Group, for the year 2011 constituted:

Total assets: 1,709,044,000 UAH;

Net assets: 505,500,000 UAH;

Gross profit: 5,303,,000 UAH;

Net interest income from banking activities: 78,503,000 UAH;

Results from operations before tax: 21,743,000 UAH;

Total expense on income tax: 5,134,000 UAH;

The total amount of taxes and fees paid by the Group to the budgets of all levels is in excess of 21 million UAH, including unified social contribution - more than 12 million UAH;

Wages and salaries accrued - over 38 million UAH including more than 5 million UAH - tax on personal income. Number of employees at the MACO Group is about 700 people.

Previously, the press service of MACO reported that in 2010-2011 Oleksandr Yanukovych paid as an individual about 17 million hryvnia in the state budget as a tax on income of individuals. According to the Correspondent, the value of assets son Yanukovych including the MACO holding exceeds $ 100 million.