Financial statements Progress Xxii

Balance sheet of Progress Xxii

Share capital:

5 000 PLN

Company deleted from KRS: 2025-04-04

Year	2018	2019
Total assets	361 296,80	372 750,51
A. Fixed assets	352 092,26	345 318,12
B. Current assets	9 204,54	27 432,39
C. Share capital contributions (basic funds)	0,00	0,00
D. Own shares (stocks)	0,00	0,00
Total liabilities	361 296,80	372 750,51
A. Equity	-1 347 560,39	-1 452 500,14
B. Liabilities and provisions for liabilities	1 708 857,19	1 825 250,65
I. Long-term liabilities	1 667 192,90	102 903,59
II. Short-term liabilities	38 519,29	1 722 347,06

Financial data is automatically retrieved from the EKRS webpage of the Ministry of Justice.

Fixed Assets - Assets held for a longer period, typically longer than a year, such as real estate or machinery.
Current Assets - Assets intended to be used or sold within a year, such as inventory, receivables, and cash.
Equity - The net value of a company's assets, representing the difference between its assets and liabilities.
Long-Term Liabilities - Financial obligations to be repaid over a period longer than a year, such as loans or bonds.
Short-Term Liabilities - Financial obligations to be repaid within a year, such as payables to suppliers or short-term loans.
Reserve Capital - A portion of equity set aside for specific purposes, such as covering losses or business development.