The General Meeting of Shareholders of AB Kauno Energija has been held on the 28th of April, 2016. 6 shareholders owning a 42 091 473 ordinary registered shares of the Company that amounts to 98.34 % of the votes, took part in it. The following resolutions were taken at the General Meeting of Shareholders:
1. Approval of Consolidated and Company‘s financial statements of the year 2015, prepared according to the International financial reporting standards accredited to use in European Union, presented along with consolidated Annual Report and Conclusion of independent auditor.
The resolution – to approve the audited AB Kauno Energija consolidated and Company‘s financial statements of the year 2015, prepared according to the International financial reporting standards accredited to use in European Union (enclosed).
2. Allocation of AB Kauno Energija profit (loss) of the year 2015.
The resolution – to allocate AB Kauno Energija profit (loss) of the year 2015 according to the profit (loss) allocation project provided to the General Meeting of Shareholders by the Management Board of AB Kauno Energija.
| No. | Items | Sum, Eur | |
| 1. | Profit (loss) of the previous financial year brought forward at the end of the reporting year | 0 | |
| 2. | Net profit (loss) of the reporting financial year | 4 528 015 | |
| 3. | Profit (loss) not recognised in the comprehensive income statement | 0 | |
| 4. | Transfers from reserves | 712 961 | |
| 4.1. | Transfers from other reserves | 712 961 | |
| 5. | Shareholders' contributions for covering the losses | 0 | |
| 6. | Total profit (loss) to be allocated | 5 240 976 | |
| 7. | Profit to be allocated to legal reserve | 226 401 | |
| 8. | Profit to be allocated to reserves for investment into own shares | 0 | |
| 9. | Profit to be allocated to other reserves: | 2 977 485 | |
| 9.1. | for implementation of investments approved in AB Kauno Energija Investment plan for the year 2016 | 121 827 | |
| 9.2. | for repayment of long term loans approved in AB Kauno Energija Investment plan for the year 2016 | 2 435 658 | |
| 9.3. | for the maintenance of heat units | 20 000 | |
| 9.4. | for development and / or installation of communications in Jėgainės str., Kaunas, which would be disposed as a support to Kaunas city municipality | 350 000 | |
| 9.5. | for sponsorship | 50 000 | |
| 10. | Profit to be allocated for dividends (0,01 Eur/share) | 1 797 690 | |
| 11. | Profit to be allocated for annual disbursements (tantiemes) for the members of the Supervisory Board, Management Board, bonuses for employees and other purposes | 239 400 | |
| 11.1. | Profit to be allocated for annual disbursements (tantiemes) for the members of the Management Board | 32 400 | |
| 11.2. | Profit to be allocated for bonuses for employees | 207 000 | |
| 12. | Profit (loss) at the end of the reporting financial year brought forward to the next financial year | 0 |
3. Elections of Audit Company and determination of terms of reimbursement for audit services.
The resolution:
1. To elect UAB Deloitte Lietuva (code 111525235) for audit of AB Kauno Energija consolidated and company’s financial statements of the year 2016 (hereinafter – audit) and audit of expenditures subsumed for regulated activities and covered from the income of regulated activities.
2. To determine that the price for services of audit of AB Kauno Energija consolidated and company’s financial statements of the year 2016 is EUR 27,000.00 plus VAT. Term of payment is 30 calendar days from the date of receiving of VAT invoices.
3. To determine that the price for services of audit of AB Kauno Energija audit of expenditures subsumed to regulated activities and covered from the income of regulated activities of the year 2016 is EUR 4,500.00 plus VAT. Term of payment is 30 calendar days from the date of receiving of VAT invoices.
4. To determine that the price for services of review of AB Kauno Energija subsidiary’s UAB Kauno Energija NT financial statements of the year 2016 is EUR 4,500.00 plus VAT. Term of payment is 30 calendar days from the date of receiving of VAT invoices.
4. Changes in Statutes of AB Kauno Energija regarding decrease in number of members of the Board from 7 (seven) to 5 (five).
The resolution – to change Statutes of AB Kauno Energija by putting them in new edition and to authorise General Manager of AB Kauno Energija Mr. Rimantas Bakas for signing the text of changed AB Kauno Energija statutes (enclosed).
5. Approval of standard form of Activity agreement of a member of the Board of municipality controlled company.
The resolution – to approve standard form of Activity agreement of a member of the Board of municipality controlled company (enclosed).
6. Changes in Statutes of AB Kauno Energija regarding remuneration for activity of members of the Board.
The resolution – to change Statutes of AB Kauno Energija stating them in new edition and to authorise General Manager of AB Kauno Energija Mr. Rimantas Bakas sign the text of changed Statutes of AB Kauno Energija (enclosed).
Loreta Miliauskienė, Head of the Economics and Planning Department, tel. +370 37 305 855
