Kauno Energija - Notification on material event

Audited activity results of AB Kauno Energija of the year 2015

The audited result of AB Kauno Energija (hereinafter – the Company) (company
code – 235014830) activities of the year 2015 is profit in amount of EUR 4,528
thousand, turnover from sales is EUR 61,252 thousand. The audited result of
activities of the Group, which consists of AB Kauno Energija and its subsidiary
UAB Kauno Energija NT (code – 303042623) of the year 2015 is profit in amount
of EUR 4,509 thousand, turnover from sales is EUR 61,322 thousand. The former
subsidiary UAB Pastatų Priežiūros Paslaugos (code – 300580563) was also a part
of the Group until 7 September 2015, but it was removed from the Register of
Legal Entities from that date. 

  EBITDA of the year 2015 is: Company’s – EUR 12,085 thousand (in 2014 – EUR
7,339 thousand), Group’s – EUR 12,083 thousand, (in 2014 – EUR 7,344 thousand). 

  After increase of effectiveness of activities in 2015 the Company
significantly improved activities indicators: Company’s EBITDA increased (in
comparison with the year 2014 – at 65 per cent) and net profit (in comparison
with the year 2014 – at more than five times), expenditures of activities
decreased (in comparison with the year 2014 – at 26 per cent). 

  Company’s audited profit of the year 2015, in comparison to non-audited
profit of the year 2015 decreased by EUR 72 thousand due to the increase in
expenditures of activities. Company’s audited turnover from sales of the year
2015, in comparison to non-audited turnover from sales of the year 2015 did not
change. 

  We hereby present the audited AB Kauno Energija consolidated and Company’s
financial statements of the year 2015 prepared according to the International
financial reporting standards accredited to use in European Union, along with
the confirmation of responsible persons. 


         Loreta Miliauskienė, Head of the Economics and Planning Department,
tel. +370 37 305 855

Attachments:

IFRS_2016.03.30_En.pdf