Annual Report 2010. - Agjencia Kosovare e Privatizimit

28
ANNUAL REPORT 2010
No. of
SOE
5
6.
Name of SOE & Direct
Administration mandate
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 €
Investments: 109,411.83 €
Accounts receivable:
408,929.99 €
Challenges of the Socially Owned
Enterprise
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.
- 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 fire in
one 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.
Management & Corporate governance issues Future prospects
- On 31st 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 31st of December 2010, however, attempts shall
be made in order to extend the contract until 30th of June 2011.
- Lease revenues are used to pay the salary of 14 employees of the
enterprise.
- Identification and clarification
of ownership rights as well as
preparations for privatization
process.
- Attempts shall be made to
privatize the enterprise during
2011.
- In 2010, the enterprise did not show any significant activity.
- 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 to amend the
status of the Centre issued by SCSC received.
- To control and monitor the bank
account.
- To work with the Special
Chamber of the Supreme Court
of Kosovo in the legal protection
of the Youth and Sports Centre
against the Claim 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.
- To 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.