The General Meeting of Shareholders of AB Kauno Energija has been held on 28
April 2017. 6 shareholders owning a 42,091,473 ordinary registered shares of
the Company that amounts to 98.34 % of the votes, took part in it. The
following resolutions were taken at the General Meeting of Shareholders:
1. Approval of Consolidated and Company's financial statements of the year 2016, prepared according to the International financial reporting standards accredited to use in European Union, presented along with consolidated Annual Report and Conclusion of independent auditor.
The resolution - to approve the Audited AB Kauno Energija Consolidated and Company's Financial Statements of the year 2016, prepared according to the International financial reporting standards accredited to use in European Union (enclosed).
2. Allocation of AB Kauno Energija profit (loss) of the year 2016.
The resolution - to allocate AB Kauno Energija profit (loss) of the year 2016 according to the profit (loss) allocation project provided to the General Meeting of Shareholders by the Management Board of AB Kauno Energija.
No. Items Sum, Eur -------------------------------------------------------------------------------- 1. Profit (loss) of the previous financial year brought forward 0 at the end of the reporting year -------------------------------------------------------------------------------- 2. Net profit (loss) of the reporting financial year 6,900,303 -------------------------------------------------------------------------------- 3. Profit (loss) not recognised in the comprehensive income 0 statement -------------------------------------------------------------------------------- 4. Transfers from reserves 2,977,485 -------------------------------------------------------------------------------- 4.1. Transfers from other reserves 2,977,485 -------------------------------------------------------------------------------- 5. Shareholders' contributions for covering the losses 0 -------------------------------------------------------------------------------- 6. Total profit (loss) to be allocated 9,877,788 -------------------------------------------------------------------------------- 7. Profit to be allocated to legal reserve 345,015 -------------------------------------------------------------------------------- 8. Profit to be allocated to reserves for investment into own 0 shares -------------------------------------------------------------------------------- 9. Profit to be allocated to other reserves: 100,000 -------------------------------------------------------------------------------- 9.1. for sponsorship 100,000 -------------------------------------------------------------------------------- 10. Profit to be allocated for dividends (0.106 Eur/share) 4,537,027 -------------------------------------------------------------------------- 11. Profit to be allocated for annual disbursements (tantiemes) 500,000 for the members of the Supervisory Board, Management Board, bonuses for employees and other purposes -------------------------------------------------------------------------------- 11.1. Profit to be allocated for bonuses for employees 500,000 -------------------------------------------------------------------------------- 12. Profit (loss) at the end of the reporting financial year 4,395,746 brought forward to the next financial year --------------------------------------------------------------------------------
Loreta Miliauskiene, Head of the Economics and Planning Department, tel. +370 37 305 855
1. Approval of Consolidated and Company's financial statements of the year 2016, prepared according to the International financial reporting standards accredited to use in European Union, presented along with consolidated Annual Report and Conclusion of independent auditor.
The resolution - to approve the Audited AB Kauno Energija Consolidated and Company's Financial Statements of the year 2016, prepared according to the International financial reporting standards accredited to use in European Union (enclosed).
2. Allocation of AB Kauno Energija profit (loss) of the year 2016.
The resolution - to allocate AB Kauno Energija profit (loss) of the year 2016 according to the profit (loss) allocation project provided to the General Meeting of Shareholders by the Management Board of AB Kauno Energija.
No. Items Sum, Eur -------------------------------------------------------------------------------- 1. Profit (loss) of the previous financial year brought forward 0 at the end of the reporting year -------------------------------------------------------------------------------- 2. Net profit (loss) of the reporting financial year 6,900,303 -------------------------------------------------------------------------------- 3. Profit (loss) not recognised in the comprehensive income 0 statement -------------------------------------------------------------------------------- 4. Transfers from reserves 2,977,485 -------------------------------------------------------------------------------- 4.1. Transfers from other reserves 2,977,485 -------------------------------------------------------------------------------- 5. Shareholders' contributions for covering the losses 0 -------------------------------------------------------------------------------- 6. Total profit (loss) to be allocated 9,877,788 -------------------------------------------------------------------------------- 7. Profit to be allocated to legal reserve 345,015 -------------------------------------------------------------------------------- 8. Profit to be allocated to reserves for investment into own 0 shares -------------------------------------------------------------------------------- 9. Profit to be allocated to other reserves: 100,000 -------------------------------------------------------------------------------- 9.1. for sponsorship 100,000 -------------------------------------------------------------------------------- 10. Profit to be allocated for dividends (0.106 Eur/share) 4,537,027 -------------------------------------------------------------------------- 11. Profit to be allocated for annual disbursements (tantiemes) 500,000 for the members of the Supervisory Board, Management Board, bonuses for employees and other purposes -------------------------------------------------------------------------------- 11.1. Profit to be allocated for bonuses for employees 500,000 -------------------------------------------------------------------------------- 12. Profit (loss) at the end of the reporting financial year 4,395,746 brought forward to the next financial year --------------------------------------------------------------------------------
Loreta Miliauskiene, Head of the Economics and Planning Department, tel. +370 37 305 855