NLGC GC Obtained First IFRS Auditor’s Report

NLGC GC obtained the first Auditor’s Report on its financial activities in 2020-2022 issued in conformity with the International Financial Reporting Standards (IFRS). The Report was prepared by auditor Technologies of Trust LLC.

NLGC LLC CEO Sergey Pushkin commented: “Regular Group reporting in accordance with the IFRS is an important step and a necessary element towards transparent standards of business, as well as an important stage of NLGC GC’s transformation into a public company. We plan to keep publishing the audited statements on a regular basis.”

NLGC GC develops its business in cooperation with professional partners with the aim to increase Russian grain production and export from Ural, Siberia and the Far East to the markets of friendly nations. The Group’s partnership background in other projects creates favorable ground for the next stage of growth.

NLGC GC’s key assets include Grain Terminal Zabaikalsk LLC, Production-Export Company FET LLC, and Container Terminal Zabaikalsk JSC.

For reference:

New Land Grain Corridor Group of Companies created the first agro-industrial holding in Russia, which has implemented and successfully develop the mechanism of grain "contract production" to realize the production potential of 32 million ha of arable land in the Urals, Siberia and the Far East, capable of doubling production volumes to more than 60 million tons of grain per year. The group is an operator developing modern grain logistics infrastructure facilities with a total capacity of more than 18 million tons of grain per year. The Group of Companies will ensure stable supplies of more than 15 million tons of grain per year to the markets of friendly countries of Greater Eurasia. The group of companies includes: Grain Terminal Zabaikalsk LLC, Production-Export Company FET LLC, Container Terminal Zabaikalsk JSC.