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
Preliminary Consolidated Business Results of Lietuvos Energija Group for 2008
| Source: Lietuvos Energija AB