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VLP: Regarding the decision of the Securities Commission of the Republic of Lithuania
Vilkyskiu Pienine AB Notification on material event 10.01.2011
Regarding the decision of the Securities Commission of the Republic of Lithuania
The Securities Commission of the Republic of Lithuania, after considering the
case No. 12K-24 regarding the conformity of financial statements of AB
„Vilkyskiu pienine“ for 2009 with International Accounting Standards (IAS), on
6 January 2011 decided that the financial statements of AB „Vilkyskiu pienine“
for 2009 are not in conformity with Article 60 of 1 IAS "Presentation of
If the financial statements of AB „Vilkyskiu pienine“ for 2009 were in strict
accordance with IAS,i.e. liabilities under loan agreements were accounted in
accordance with 1 IAS,as of 31 December 2009 current liabilities would increase
and non-current liabilities would decrease by 16983 thousand Litas.
In the opinion of the management, this circumstance was disclosed in the
independent auditor's report.
The financial statements will be corrected retrospectively and announced
together with the financial statements for 2010 until 30 April 2011.
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