The acting director of Google LLC, the Russian subsidiary of Google Corporation, Valery Talyarovsky, saw signs of deliberate bankruptcy in the subsidiary of the American corporation. This was reported in a notice on the Fedresurs website, RBC drew attention.
Talyarovsky analyzed the company’s work from March 2019 to December 2022. He, in particular, revealed a significant decrease in the liquidity of Google LLC, which has been observed since December 2020. According to the manager, at that time the amount of the company’s debt to pay dividends to the founders had reached 10 million rubles.
At the same time, the debt, according to the calculations of the parent company Google Ireland Limited, exceeded 2 billion rubles, Talyarovsky generally described the debtor’s solvency level as “gradually declining.” He attributed it to fines imposed on the company in Russia and a significant decline in revenue starting in the third quarter of 2022.
Likewise, the “daughter” of Google made amortizations of the value of current and non-current assets, motivating the decision due to the fact that “there is uncertainty in the continuity of operations”, is clear from the manager’s report.
“Conclusion: signs indicating the presence of signs of deliberate bankruptcy have been identified,” follows from a notice signed by Talyarovsky. At the same time, there are no objective signs of fictitious bankruptcy, but “there are formal signs of fictitious bankruptcy.”
- Google’s “daughter” in Russia in May 2022 independently applied to the courts to declare it bankrupt. The company explained that the arrest of the bank account made it impossible for the office to function: the company was unable to retain employees and pay salaries, pay vendors and contractors, and meet other financial obligations.
- The court filed bankruptcy proceedings against Google LLC at the end of November 2022.
- The properties and assets of Google LLC were seized after complaints from Russian TV channels. Thus, at the beginning of June last year, the arbitration court seized the amount of one billion rubles as an interim measure in two claims of the All-Russian State Television and Radio Broadcasting Company, satisfied the claims of GPM Entertainment Television, NTV Television ,TV Channel. 360, the Zvezda TV channel and ANO TV-Novosti”, founder of the RT TV channel (each worth 500 million rubles).
Author:
anastasia marina
Source: RB
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