Anyksciu Vynas AB - Notification on material event

Regarding the resolution of the Securities Commission of the Republic of Lithuania

Anyksciai, Lithuania, Anyksciu vynas AB, 2011-11-02 13:57 CET (GLOBE NEWSWIRE)
--  Regarding the resolution No. 2K-188 of the Securities Commission of the
Republic of Lithuania. 

  The Securities Commission (hereinafter - Commission) considered the law
violation case  No. 2K-14 in all its aspects in the closed sitting due to the
fact that „Anyksciu Vynas“ AB (hereinafter - Company) did not carry out the
Commission orders fully and the fine amounted to 10,000 LTL because the Company
violated Item 4 of  Part 2 of Article 42 of the Law on Securities and obliged
the Company to carry out the obligation of the Commission resolution No. 2K-14,
January 6, 2011, in preparing the annual financial reports for the year of
2011, i.e. to correct the financial reports in retrospect according to 16 TAS
„Immovable property, equipment and machines“ and 36 TAS „The value decrease of
the property“, because: 



  1. The Financial reports of 2009 and the comparative data of 2009 given in the
     financial reports of „Anyksciu Vynas“ AB of 2010 do not meet the directions
     of Article 29 of 16 TAS „Immovable property, equipment and machines“ and
     Article 9 of 36 TAS „The value decrease of the property“,
  2. The directions of Article 9 of 36 TAS „The value  decrease of the property“
     - i.e. the buying-off value of the long term tangible assets used in the
     Company activities was not calculated

The Company Management turns attention to, because they think:

  1. The long term tangible asset (immovable property, equipment and machines)
     was accounted correctly, for December 31, 2009, not violating the
     requirement of 16 TAS, according to the requirements of Articles 31 and 32,
     indicating the actual value according to the evaluation of the assets, but
     the Company did not dislose fully, did not show in the remark part „The
     immovable assets, equipment and machines“ of the financial report of 2009
     that the property in the financial accounting is evaluated according to the
     directions of  Articles 31 and 32 of 16 TAS, and the wording in the
     financial reports of 2010 is not exact. That‘s why the Company will make
     the wording of the accounting policy more exact in the remarks preparing
     the annual financial report of 2011.

  1. Circumstances connected with the requirements of 36 TAS and their possible
     influence on the financial reports are dislosed properly in the independent
     auditor conclusion to the Company financial reports of 2009.


The Company, preparing the financial reports of 2011, will do the additonal
evaluation of the influence of these circumstances on the financial reports of
2009 and correct the financial reports   of 2009 retrospectively. 

  The Commission resolution can be appealed in a month from the day of the
receipt in the Vilnius District Administrative Court. 

  Accountant-general, Audrone Zemleviciene, is obliged to give additional
information, phone number + 370 381 50391.