Annual Report 2010. - Agjencia Kosovare e Privatizimit

ANNUAL REPORT 2010 23
No.
of
SOE
5
6.
Name of the enterprise
and the mandate of Direct
Administration
SOE “Artizanati”
Date of entry: 20/06/2006
Based on financial data of 31
December 2010:
Revenues:36,000.00 €
Expenses: 30,097.34 €
Cash: 8,754.39 €
SOE “YOUTH AND SPORTS
CENTRE”
Date of entry: 24/05/2006
Based on financial data of 31
December 2010:
Revenues:1,678,313.67€
Expenses: 1,061,705.44 €
Cash: 394,258.25 € Investments:
109,411.83 €
Accounts receivable: 408,929.99
€.
Challenges of the Social Enterprise Management & issues of Corporate Governance Future prospects
The enterprise does not operate with its core
business and its revenues arise by leasing the
buildings in Prishtina.
- The documentation on property rights of the
enterprise is missing.
- In the last 20 years, the management has
failed to document the ownership status of the
enterprise.
- On 31 st of June 2006, the building was leased to the
Ministry of Internal affairs for a period of two years with a
possibility of extension for another year in the amount of
3,000.00 € per month, plus VAT.
- The contract has been renewed several times and the
current contract expired on 31 st of December 2010,
however, attempts shall be made in order to extend the
contract until 30 th of June 2011.
- Lease revenues are used to pay the salary of 14 employees
of the enterprise.
- In 2010, the enterprise did not show any significant
activity.
- Identification and clarification
of ownership rights as well as
preparations for privatization
process.
- Attempts shall be made to privatize
the enterprise during 2011.
- The biggest problem with the enterprise is
the claim filed by 15 claimants with the Special
Chamber of the Supreme Court, who claimed to
have suffered losses due to the fire of a part of
the Centre that occurred on 2000
- Another problem is the non determination of
the status of the enterprise.
-The aging of the building and the need for
continuous repairs.
- Last year’s positive trend of business has continued this
year as well.
-The enterprise managed to clear all is obligations and
currently it is a prepaid customer of municipal utilities and
taxes.
- Enterprise’s revenues derive mainly out of lease, cultural
activities, commercial activities (advertisements), parking
lot and fairs.
- Limitation of expenses
- A great number of shows, programs, manifestations and
other activities have been held.
- Two sport halls have been renovated and renovation of
the basketball hall has begun.
-Employees salaries increased by 20%.
- The decision to dismiss the preliminary injunction
for amend the status of the Centre issued by SCSC was
received.
- To control and monitor the bank
account.
- The cooperation with the Special
Chamber of the Supreme Court of
Kosovo in the legal protection of the
Youth and Sports Centre against the
Claims filed by 15 claimants who
claimed to have suffered losses due to
the fire in the Centre.
- To continue with enterprise’s
investment plan, mainly on renovation.
- Work on determining the status of the
enterprise.
- Prior to the closure with the Special
Chamber of the Supreme Court of
Kosovo, PAK can not take any steps to
amend the status of the Youth Centre.