Anyksciu Vynas AB - Notification on material event

Re the decision of Securities Commission of the Republic of Lithuania

Anyksciai, Lithuania, AB "Anyksciu vynas", 2011-01-10 14:40 CET (GLOBE
NEWSWIRE) -- AB "Anyksciu vynas", code 254111650, address Dariaus ir Gireno 8,
Anyksciai, Republic of Lithuania. 

The decision of Securities Commission of the Republic of Lithuania regarding
the case on infringement No. 12K - 21. 

The Securities Commission of the Republic of Lithuania (further - the
Commission) has conducted the inspection of the financial statements of AB"Anyksciu vynas" for 2009 and has resolved that company financial statements do
not comply with certain requirements of International Accounting Standards
(further - IAS), as provided further: 

(a)    with requirements of paragraph 29 of the 16 IAS “Property, plant and
equipment” - i.e. that the property, plant and equipment are not accounted as
required by IAS in the company financial statements; 

(b)   with requirements of paragraph 63 of the 39 IAS “Financial Instruments:
Recognition and Measurement” - i.e. that company's future cash flows
(receivables from related entities) are not evaluated at present value
discounted at actual interest rate of this financial asset; 

(c)    with requirements of paragraph 9 of the 36 IAS “Impairment of Assets” -
i.e. that long term material assets in use are not evaluated at the recoverable
amount. 

AB "Anyksciu vynas" was issued a warning.

The management of the company draws the attention that in its opinion:

(a) long term assets (property, plant and equipment) for 31 December 2009 are
accounted without infringing the requirements of 16 IAS, i.e. according to the
paragraphs 31 and 32 of 16 IAS, by presenting the real value according to
evaluation report. However, the company have not indicated that assets are
accounted according to paragraphs 31 and 32 of the 16 IAS in section “Property,
plant and equipment” of the annual statement. Therefore, in its annual report
for 2010, the company will indicate that property, plant and equipment are
accounted according to paragraphs 31 and 32 of 16 IAS; 

(b) requirements of 39 IAS are related to UAB “A.L.D”, the related entity of AB
Anyksciu vynas, in respect of which, as it was already announced, the
bankruptcy proceedings are initiated (this circumstance was not known during
the preparation of the financial statements for 2009). Therefore, the company
will additionally evaluate the impact of the financial condition of its
relatedentities and will disclose this information together with the results
for 2010. In addition, in the opinion of the management, this circumstance and
its impact on the financial statements were properly disclosed in the
independent auditor's report regarding company financial statements for 2009; 

(c) The circumstances related to requirements of 36 IAS and their impacts on
the financial statements were properly disclosed in the independent auditor's
report regarding company financial statements for 2009; 

In the opinion of the management it is not possible to immediately calculate
and evaluate the impact of the circumstances indicated by the Commission on the
financial statements for 2009 and therefore the company will conduct the
evaluation of the impact of these circumstances during the preparation of the
financial statements for the year 2010 and will retrospectively correct the
financial statements for 2009 and will announce this publicly together with the
financial statements for 2010 by 30 April 2011 (inclusively). 

The decision of the Commission may be appealed to the Vilnius District
Administrative Court within one month since the day of the receipt. 

Director Violeta Labutiene(+ 370 381 50299)


         Director Violeta Labutiene(+ 370 381 50299)