Financial Reports

Here, you’ll find Raybased’s annual reports, prospectuses, financial statements, and other financial information.

* DIFFERENT ACCOUNTING PRINCIPLES HAVE BEEN USED FOR THE YEAR 2013 COMPARED TO 2014, WHICH MAY RESULT IN WEAKNESSES IN COMPARABILITY BETWEEN THE YEARS.
** ACCORDING TO K3, I.E. THE REGULATIONS ACCORDING TO WHICH RAYBASED REPORTS, GOVERNMENT GRANTS OBTAINED TO FUND FIXED ASSETS (TO WHICH CAPITALIZED DEVELOPMENT COUNTS) SHALL REDUCE THE COST OF THE ASSET. THIS HAS BEEN TAKEN INTO ACCOUNT IN THE ANNUAL REPORT BUT NOT IN THE YEAR-END REPORT. CONSEQUENTLY, THE COMPANY REPORTS LOWER REVENUES AND CORRESPONDINGLY LOWER CAPITALIZED DEVELOPMENT COSTS. IN THE LONG TERM, TOTAL PROFIT WILL BE THE SAME SINCE FUTURE DEPRECIATIONS OF DEVELOPMENT WILL DECLINE AS MUCH AS REVENUE WILL DECLINE THIS YEAR.