Vilnius, Lithuania, 2016-11-28 15:36 CET (GLOBE NEWSWIRE) --
The Management Board of Vilniaus baldai AB approved the Company‘s draft resolutions of the Annual General Shareholders meeting that will take place on the 20 th of December.
1. Consolidated annual report.
Draft Resolution:
1.1. To get acquainted with Company‘s consolidated annual report.
2. Company's auditor's report.
Draft Resolution:
2.1. To get acquainted with Company‘s auditor‘s report.
3. Approval of the Company's financial statements for the year 2016 ended 31 August 2016.
Draft Resolution:
3.1. To approve Company's financial statements for the year 2016 ended 31 August 2016.
4. Approval of the Company‘s consolidated financial statements for the year 2016 ended 31 August 2016.
Draft Resolution:
4.1. To approve Company‘s consolidated financial statements for the year 2016 ended 31 August 2016.
5. Approval of the Company‘s profit distribution for the year 2016 ended 31 August 2016.
Draft Resolution:
5.1. To approve Company‘s profit distribution:
Undistributed retained earnings, brought forward 3 023 764 EUR
Net result for the current year 3 237 730 EUR
Profit (loss) not recognized in the income statement of the reporting financial year 21 064 EUR
Distributable result 6 282 558 EUR
Transfers to the obligatory reserves -
Transfers to other reserves -
To be paid as dividends* 1 049 292 EUR
To be paid as annual payments (bonus) to the Board members 90 000 EUR
Undistributed retained earnings, carried forward 5 143 266 EUR
* 0.27 EUR of dividends per one ordinary share.
Additional information:
Head of Finance
Jonas Krutinis
Phone No.: +370 (5) 252 57 00
