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:
- 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“,
- 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:
- 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.
- 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.