The string transport company-developer CJSC «String Technologies» publishes the results of the independent financial audit of its work every year. This way, all investors of the SkyWay project can make sure that their funds are spent on the new developments and the development of the string transport projects.
The balance sheet and income statement show that CJSC «String Technologies» has improved the financial performance on all major points: over the past year, the revenue and fixed assets of the organization, which includes all the property that belongs to the company, have doubled. At the same time, 90% of the company’s assets have been financed from its own funds and only 10% from borrowed ones, which is also an indicator of financial stability.
According to estimates, the financial statements of CJSC «String Technologies» accurately reflect the financial position of the company at all stages of its development.
The independent financial audit results for 2018 can be found at the link.