Levski has broken the silence on the shareholder meeting that took place yesterday. The club's financial predicament was laid out in great detail by the management. The debt is now little over BGN 10 million, with repayment of principle totaling BGN 2,482,559. Also, the General Assembly approved Daniel Borimirov as the executive director of the club. About the club's current financial situation:
"On 09.11.2023, the annual General Meeting of shareholders of "PFC Levski" was conducted, and 97.29% of the shares with voting rights were represented at it.
The annual financial statements of the company for 2022 were adopted, "Zhelyazkov audit 2004 OOD" was elected as the independent auditor for 2023, the members of the Supervisory and Management Board for 2022 were absolved of their duties, and the club's management updated the shareholders on the club's status and reported on its accomplishments from 01.03.2023 to 06.11.2023.
At the general meeting, it was revealed that BGN 2,482,559 had been paid to reduce the company's debt to the National Revenue Agency from BGN 12,029,125 (consisting of BGN 7,671,896 in principal and BGN 4,357,229 in interest) to BGN 10,099,812 (consisting of BGN 5,189,337 in principal and BGN 2,482,559) during the reporting period.
In addition to settling past due balances, you paid BGN 2,462,801 in current payments to the National Revenue Agency (VAT, other taxes, and insurance) between 03/01/2023 and 11/06/2023, for a grand total of BGN 4,945,360.
The shareholders of "PFK Levski" JSC were also updated on the capital increase campaign's successful completion, with a total of BGN 585,615 being raised. Up to this point in the year, the club has received donations totaling BGN 394,462, all of which have been applied toward paying down the NRA's main balance.
about the same time period, "PFK Levski" JSC settled about BGN 500,000 in payables to vendors.
The club's administration appreciates the participation of all shareholders at the General Assembly. / BGNES
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