According to the Law on Companies of the Republic of Lithuania, equity of the company cannot be lesser than one half of the authorised capital of the company.
According to the unaudited interim financial statements of the Company for 12 months of 2013, equity of the company, as of 31 December 2013, amounted to 2 218 tLTL and is lesser than one half of the authorised capital of the Company (4 300 tLTL). If the auditor approves the financial statements for 2013, the annual general meeting shall be asked to consider the issue of restoration of ratio between equity and authorised capital to the ratio required by law.
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