Lietuvos Energija AB - Interim information

CORRECTION: Preliminary Consolidated Business Results of Lietuvos Energija Group for 2008

Preliminary Consolidated Business Results of Lietuvos Energija Group for
Year 2008:

- income in 2008 totalled LTL 1532.7 million (EUR 443.9 million), in 2007 - LTL
1200.3 million (EUR 347.6 million); 
- unaudited net profit for 2008 - LTL 42.4 million (EUR 12.3 million), in 2007
- LTL 48.4 million (EUR 14.0 million); 

In 2008, acting as the transmission system operator, Lietuvos Energija AB
through its high-voltage grid transmitted 10.1bn kWh of electricity for the
domestic needs. The volume of transmitted electricity grew by 3.6 year-on-year. 

Due to the increased domestic electricity demand, the company sold 3.7 per cent
less electricity abroad, which accounted for 2.4 bn kWh. 

According to the International Financial Reporting Standards and while
implementing uniform asset accounting methods, applied throughout LEO LT AB
group of companies, under which the company assets must be appraised at face
value, an independent assets appraisal firm has performed the appraisal of
long-term tangible assets of Lietuvos Energija AB, which in the financial
statements of December 31, 2008 is valued at LTL 3128.8 million. 

As of end of 2008 the company's financial obligations to credit institutions
accounted for LTL 39.7 million and were by LTL 50.1 million less year-on-year. 

Rūta Merčaitienė, Head of Communications Department, Lietuvos Energija AB

Attachments:

finansine_atskaitomybe_len_2008_en.tif

finansine_atskaitomybe_len_2008_patvirt_en.tif