Quelle, Russian representative office Mail Service Order

Mayl Order Service Ltd is registered in 2004 as the Russian representative office of the German concern Quelle (Nuremberg). Since November, 2009 Mayl Order Service Ltd is a part of OTTO Group Russia. OTTO Group Russia is accountable to head office OTTO Group (Hamburg) in this connection on a permanent basis the company prepares financial statements for OTTO Group. According to the standards set in OTTO Group, the reporting should be created according to relevant requirements of IFRS, having saved at the same time the accessibility and works with the old reporting under IFRS provided to the German concern Quelle.