Carcetti Capital Corp V.CART.H

Additions to Q4/21 assets

[nozzpack]

1......the office and its capital equipement associated with the Kiev office, amounting to $1.79 million US was written down as an impairment  for the quarter 4/21.

This impairment assumed non recovery of any assets of the Kiev office due to the Ukraine conflict .

2..PPE for RK valued at $4.75 million US was written down to zero  for the same reason...the Ukraine conflict
.This included the pipelines and infrastructure associated with production of the RK field even though they continue to produce from RJ.

Force Majeure would seem to be the better causality descriptor .

However, it looks more and more unlikely that the conflict will affect Western Ukraine so those substantive assets will then be brought back to the balance sheet.

The Clown World aka cosmic cretins led by dazed and confused leaders and commanders now realize they have a big problem ......sanctions don't work.....they did not think through the facts..and their consequences mean that starvation and freezing in the dark is the new reality for Western Europe and the USA.
Watch for crawling on their knees for relief from RU..