Published: 2019-04-05 15:10:00 CEST
Vilkyskiu Pienine
Annual information

The Board approved financial statements for the year 2018 and convokes the Annual General Meeting of Shareholders’

The Board approved financial statements for the year 2018 and convokes the Annual General Meeting of Shareholders’

On 5 April 2019 the Board of Vilkyškių pieninė AB (hereinafter “Vilkyškių pieninė AB” or “the Company”) decided: 

- To approve the Company’s annual report for the year 2018, prepared by the Company and assessed by the auditors, and to propose to the Company’s Annual General Meeting of Shareholders to approve Company’s consolidated annual report.

- To approve the draft of the audited separated and consolidated financial statements of the Company for the year 2018 and to propose to the Company’s Annual General Meeting of Shareholders to approve the draft of the Company’s separate and consolidated financial statements for the year 2018.

In 2018, Vilkyškių pieninė AB Group sales revenue amounted to mEUR 103.2 down by 9.5 percent from mEUR 113.9 in 2017. In 2018, the net loss mEUR 1.2, decrease by mEUR 7.9 comparing to the last year (in 2017, the net profit was mEUR 6.7)

  • To approve the allocation project of the Company’s audited net profit (loss) under IAS for the year 2018 and to propose it to the Company’s Annual General Meeting of Shareholders to approve.

Resolution: To approve the audited net profit (loss) allocation under IAS for the year 2018 as follows:

 thousand EUR
1) Non-appropriated profit (loss) at the end of the year 201721,727
2) Approved by shareholders dividends of the year 2017(1,672)
3) Transfers from the reserve to purchase own shares2,508
4) Non-appropriated profit (loss) at the beginning of the current financial year after dividends payout and transfer from reserves22,563
5) Net profit (loss) of the reporting period(2,028)
6) Transfers from reserves129
7) Net profit to be appropriated at the end of the current financial year20,664
8) Total profit (loss) to be appropriated: 
  • portion of the profit allocated to the legal reserve
-
  • portion of the profit allocated for payment of the dividends
-
  • portion of the profit allocated to the other reserves
-
9) Non-appropriated profit (loss) at the end of the current financial year carried forward to next financial year20,664

- To convoke the Annual General Meeting of Shareholders at the office of Vilkyskiu pienine AB (P.Lukošaičio g. 14, Vilkyškiai, LT-99254 Pagėgių sav., Lithuania), at 15.00 on 26 April 2019, and to propose to the Annual General Meeting of Shareholders’ the following draft agenda:

1) Approval of the Company's annual report for the year 2018.
2) The Company's auditor's report of separated and consolidated financial statements of the Company for the year 2018.
3) Approval of Company's separate and consolidated financial statements for the year 2018.
4) Net Profit appropriation of the year 2018.

Vilija Milaseviciutė
Economics and Finance Director
phone +370 441 55102

Attachments


1_Draft resolutions of Ordinary General Meeting of the Shareholders, to be held on 26 April 2019.doc
Consolidated and separate financial statements 2018.pdf
Confirmation of responsible persons EN.pdf