Quote from: cryptodevil on December 16, 2016, 07:43:51 AM

Given the speed they have tried to throw their supposed financial statements news post in the memory-hole, I'd say that is a fairly damning 'official statement' from them following CONSOB exposing their lies. This was touted as being a big deal which would show they were legit, but they buried it pretty damn quickly after that ruling. Good job the link to it is still live even if they have removed the news page it was posted on. Sloppy work there, Recyclix web admin!
https://recyclix.com/image/news/news15/fin_report.pdf

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http://i.imgur.com/kFgmRAA.png

lol, wtf is this supposed to be? Whoever produced this "financial report" was not even aware that there's such thing called the accounting standards. They couldn't even categorise their expenses properly. Numbers straight out of the ass. I love how turnover per tonne is hard-fixed at EUR 680/tonne and how 2015 and 2016 net profit margins are almost identical despite 2015 being their first year of operations (you'd expect massive business set-up costs etc). But nothing beats fixed tax at 12% ... of turnover (rather than Profit Before Tax), giving the effective rate of 41.5% (tax/PBT) for 2016 (and ~40% for each quarter). Standard corporation tax in Poland is only 19%...

I'm guessing making up the numbers for the Balance Sheet was too much of a task for them.