Identification
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Full Name
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:
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MAXIMA LT, UAB
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Name in English
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:
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MAXIMA LT, JSC
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Name in national language
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:
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MAXIMA LT, UAB
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Previous Names
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:
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Office Address
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:
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Naugarduko g. 84, Vilnius, Vilnius
region, Vilnius city municipality, LT-03160, Lithuania
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Legal Address
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:
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Naugarduko g. 84, Vilnius, Vilnius
region, Vilnius city municipality, LT-03160, Lithuania
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Contacts
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:
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-
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Phone
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:
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(+370 5) 2686 787
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-
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E-mail
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:
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info@maxima.lt
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-
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WWW
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:
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www.maxima.lt
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SUMMARY
Legal Form : UAB (Private Joint-Stock Co. by Lithuanian Law)
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Incorporation : 1995
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Staff : 15 435
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Litigation events : yes
Remarks on payments : none
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Sales :
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1 503 415 000.00 EUR ( for 12
months, ended 31.12.2016 )
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1 524 423 000.00 EUR ( for 12
months, ended 31.12.2015 )
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Incorporation
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:
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1995
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Registration Data
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Date of registration
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:
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17.03.1995
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Registration number
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:
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123033512
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Registr. authority
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:
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State Register (Vilnius, Vilnius region,
Vilnius city municipality, Lithuania)
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Date of registration
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:
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01.03.1996
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VAT number
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:
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LT230335113
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Registr. authority
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:
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Tax Board (Vilnius, Vilnius region, Vilnius
city municipality, Lithuania)
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Legal Form
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:
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UAB (Private Joint-Stock Co. by
Lithuanian law)
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since 17.03.1995
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Share Capital
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:
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104 400 000 EUR (registered)
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since 24.11.2008
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Shareholders
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:
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-
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UAB Maxima Grupe (Lithuania)
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96.39 %
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reg. number
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:
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301066547
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address
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:
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Savanoriu pr. 247, Vilnius, Vilnius region,
Vilnius city municipality, Lithuania
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-
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UAB Maxima LT (Lithuania)
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3.61 %
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reg. number
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:
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123033512
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address
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:
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Savanoriu pr. 247, Vilnius, Vilnius
region, Vilnius city municipality, Lithuania
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Board / Executives
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Executives
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General Director
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:
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Mrs Meide, Kristina (Lithuania)
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Chief Accountant
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:
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Mrs Budriene Vilma (Lithuania)
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+3705 2196017
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Director of Finance
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:
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Mr Gailius Kestutis (Lithuania)
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+370 65958442
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General Director
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:
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Mr Valkeris, Zydrunas (Lithuania)
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( the data cancelled since 13.01.2017 )
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General Director
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:
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Mr Zimnickas, Arunas (Lithuania)
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( the data cancelled since 27.08.2014 )
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General director
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:
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Mr Jasinskas, Gintaras (Lithuania)
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( the data cancelled since 11.10.2011 )
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General director
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:
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Mr Marcinkevicius, Gintaras (Lithuania)
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( the data cancelled since 08.01.2008 )
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Authorised signature
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:
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Mrs Meide, Kristina
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Changes in Registration Data
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- 05.05.2017
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:
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- 13.01.2017
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:
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- 27.08.2014
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:
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- 11.10.2011
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:
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- 09.07.2010
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:
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Change in number of shareholders
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- 20.11.2008
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:
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Increase of share capital.
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- 25.04.2008
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:
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Reorganization status is registered at the
State Register. MAXIMA MGN, UAB (301498884) is merged with MAXIMA LT, UAB
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Activities
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:
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-
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5411
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Supermarkets
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(5211 / NACE_1.1: Retail sale in
non-specialized stores with food, beverages or tobacco predominating)
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(4711 / NACE_2: Retail sale in
non-specialized stores with food, beverages or tobacco predominating)
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MAXIMA is the Lithuanian retail market
leader. It is the largest Lithuanian capital company and the biggest employer
in the Baltic States.
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Food products - Retail. Shopping centres.
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Staff employed
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:
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Staff History
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:
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-
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15 483
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( the data as of 01.01.2018 )
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-
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15 688
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( the data as of 01.01.2017 )
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-
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17 165 [E]
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( the data as of 01.01.2016 )
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-
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17 053 [E]
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( the data as of 01.01.2015 )
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-
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16 900 [E]
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( the data as of 01.01.2014 )
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Facilities
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:
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TRANSPORT VEHICLES: own - 3 rent/lease -
198
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Branches
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:
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The total number of shops in Lithuania -
242.
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Subsidiaries and Participation
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:
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n/a
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Bankers
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:
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-
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AB SEB bankas (Lithuania)
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bank code
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:
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70440
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account(s)
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:
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LT777044060001265047
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-
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Luminor Bank, AB ( DnB bank) (Lithuania)
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bank code
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:
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40100
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account(s)
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:
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LT244010042400030695
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Clients
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:
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In 2016 the company participated in 19 public
procurements, won 17 (89%) of them. In 2017 the company participated in 29
public procurements, won 27 (93%) of them. In 2018 the company participated
in 2 public procurements, won 2 (100%) of them.
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Other associated Companies
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:
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MAXIMA GRUPE, UAB is a company, registered
in 2007, managing retail trade companies in Lithuania, Latvia, Estonia,
Bulgaria, and Poland; owning a total of 535 shopping centres of MAXIMA, T
MARKET and ALDIK on the basis of the data of 31 December, 2015. The company MAXIMA
GRUPE is managed by VILNIAUS PREKYBA, UAB, which also owns EUROAPOTHECA, UAB,
and ERMITAAS, UAB. EUROAPOTHECA manages retail and wholesale pharmaceutical
companies in Lithuania, Latvia, Estonia, Poland, and Ukraine. ERMITAAS
controls store chains of household goods, construction and interior materials
ERMITAAS and ARKORAMA in Lithuania. The companies of MAXIMA group develop
business under a franchise by FRANMAX, UAB. FRANMAX is a company responsible
for the provision of franchise for retail trade networks in order to create
and strengthen the intellectual property used in retail trade and to increase
the competitiveness of the companies of MAXIMA group. FRANMAX is responsible
for the establishment of the standards and concepts of retail and wholesale trade,
creation and legal protection of the objects of intellectual property,
strategic insights and introduction of methods which are necessary for the
effective business development.
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Mrs. Kristina Meide is director of 54 more
companies.
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Litigation
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:
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Case number: e2-1980-960/2018 Court:
Vilnius district court Date of the next court hearing: 14-02-2018 Case
summary: for damages compensation Case parts: Defendant: MAXIMA LT, UAB; ERGO
Insurance SE LR veikiantis ERGO Insurance SE Lietuvos filialas; Plaintiff:
ADB Gjensidige; Case number: e2-22360-960/2017 Court: Vilnius district court
Date of the latest court hearing: 08-01-2018 Case summary: for damages
compensation Case parts: Defendant: MAXIMA LT, UAB; ERGO Insurance SE LR
veikiantis ERGO Insurance SE Lietuvos filialas; Plaintiff: ADB Gjensidige;
Case number: 2A-6-856/2018 Court: Siauliai district court Date of the latest
court hearing: 03-01-2018 Case summary: for the payment of property and
non-pecuniary damage(on the judgment of the Klaipeda City District Court of
the Republic of Lithuania of 06.06.2017) Case parts: Defendant: "Maxima
LT"; Judgment: The decision was left unchanged and the complaint was
rejected. Case number: 2A-1595-730/2017 Court: Klaipeda district court Date
of the latest court hearing: 17-10-2017 Case summary: for the payment of
property and non-pecuniary damage. Case parts: Defendant: "Maxima
LT"; Case number: 2KT-141-943/2017 Court: Lithuanian Court of Appeal Date
of the latest court hearing: 17-10-2017 Case summary: Transferring a case to
another court; Case parts: Defendant: "Maxima LT"; Case number:
2-1758-808/2017 Court: Vilnius district court Date of the latest court
hearing: 14-09-2017 Case summary: restoration of violated rights Case parts:
Defendant: "Maxima LT"; Plaintiff: KAROLINOS TURAS Case number:
e2A-705-210/2017 Court: Siauliai district court Date of the latest court
hearing: 13-09-2017 Case summary: paid amounts refund Case parts: Defendant:
"Palink" Defendant: "Reaton" Defendant:
"Swedbank" Defendant: "SANITEX" Defendant:
"Mineraliniai vandenys" Defendant: MAXIMA LT, UAB Defendant:
"Arnatus" Plaintiff: BUAB "Matalis" Case number: e2-22328-820/2017
Court: Vilnius district court Date of the latest court hearing: 10-08-2017
Case summary: illegal rent contract termination and obligation to execute the
contract Case parts: Defendant: "Maxima LT"; Plaintiff: UAB Cili
pica Case number: e2-27821-996/2017 Court: Vilnius district court Date of the
latest court hearing: 31-07-2017 Case summary: disciplinary penalty
cancellation, employment contract termination, non-material damage
compensation Case parts: Defendant: "Maxima LT" Case number:
e2-22360-833/2017 Court: Vilnius district court Date of the latest court
hearing: 26-07-2017 Case summary: damage compensation Case parts: Defendant:
"Maxima LT"; Defendant: ERGO Insurance; Plaintiff: ADB Gjensidige
Case number: e2-602-432/2017 Court: Vilnius district court Date of the latest
court hearing: 29-06-2017 Case summary: illegal use of image, non-material
damage compensation Case parts: Defendant: "Maxima LT"; Plaintiff:
"FRANMAX", UAB Judgment: amicable agreement was signed
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Remarks on payment
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:
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No current records are reported by the
local debt collection companies.
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Financial Elements
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Period, months
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12
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12
|
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12
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Ended
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31.12.2016
|
|
31.12.2015
|
|
31.12.2014
|
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Currency
|
EUR
|
|
EUR
|
|
EUR
|
|
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===== BALANCE SHEET ====================
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--- A S S E T S --------------------
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NON-CURRENT ASSETS
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- Intangible assets
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715 000.00
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- Fixed assets
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36 403 000.00
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41 235 000.00
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42 179 000.00
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- Investments in tangible assets
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- Financial assets
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530 575 000.00
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496 105 000.00
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477 275 000.00
|
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- Other non-current assets
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1 516 000.00
|
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Non-current assets total
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569 209 000.00
|
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538 579 000.00
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|
520 368 000.00
|
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CURRENT ASSETS
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- Stock
|
122 465 000.00
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139 571 000.00
|
|
116 909 000.00
|
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- Debtors
|
5 901 000.00
|
|
28 376 000.00
|
|
27 261 000.00
|
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- Other receivables
|
33 972 000.00
|
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- Short-term financial investments
|
0.00
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- Cash
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73 111 000.00
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87 951 000.00
|
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80 064 000.00
|
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- Other current assets
|
2 017 000.00
|
|
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Current assets total
|
237 466 000.00
|
|
255 898 000.00
|
|
224 234 000.00
|
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|
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|
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Assets total
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806 675 000.00
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|
794 477 000.00
|
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744 602 000.00
|
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|
|
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--- EQUITY AND LIABILITIES ---------
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CAPITAL AND RESERVES
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- Share capital
|
70 066 000.00
|
|
70 066 000.00
|
|
69 929 000.00
|
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- Additional capital
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|
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- Other capital
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|
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- Reserve capital
|
55 872 000.00
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- Retained earnings (Non-covered loss)
|
183 571 000.00
|
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|
Capital and reserves total
|
309 509 000.00
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336 737 000.00
|
|
327 954 000.00
|
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|
|
|
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Provisions
|
426 000.00
|
|
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LONG-TERM LIABILITIES
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- Loans and credits
|
119 475 000.00
|
|
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-
long-term amounts owed to banks
|
119 475 000.00
|
|
|
|
|
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- Other long-term liabilities
|
45 596 000.00
|
|
|
|
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|
Long-term liabilities total
|
165 071 000.00
|
|
126 612 000.00
|
|
96 117 000.00
|
|
|
|
|
|
|
|
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SHORT-TERM LIABILITIES
|
|
|
|
|
|
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- Loans and credits
|
44 900 000.00
|
|
|
|
|
|
|
-
short-term amounts owed to banks
|
44 900 000.00
|
|
|
|
|
|
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- Creditors
|
283 883 000.00
|
|
|
|
|
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-
trade debts
|
222 541 000.00
|
|
|
|
|
|
|
-
accrued payroll
|
17 691 000.00
|
|
|
|
|
|
|
-
tax liabilities
|
718 000.00
|
|
|
|
|
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|
-
other creditors
|
39 405 000.00
|
|
|
|
|
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|
-
advances received
|
3 528 000.00
|
|
|
|
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- Dividends in arrears
|
|
|
|
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- Accrued income, deferred charges
|
2 886 000.00
|
|
|
|
|
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- Other short-term liabilities
|
|
|
|
|
|
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|
Short-term liabilities total
|
331 669 000.00
|
|
331 128 000.00
|
|
320 531 000.00
|
|
|
|
|
|
|
|
|
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Liabilities total
|
496 740 000.00
|
|
457 740 000.00
|
|
416 648 000.00
|
|
|
Equity and liabilities total
|
806 675 000.00
|
|
794 477 000.00
|
|
744 602 000.00
|
|
|
|
|
|
|
|
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===== PROFIT AND LOSS ACCOUNT ==========
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ORDINARY ACTIVITY INCOME AND CHARGES
|
|
|
|
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|
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Net sales
|
1 503 415 000.00
|
|
1 524 423 000.00
|
|
1 494 575 000.00
|
|
|
Cost of goods sold
|
1 394 522 000.00
|
|
1 406 038 000.00
|
|
1 400 818 000.00
|
|
|
Gross profit
|
108 893 000.00
|
|
|
|
|
|
|
Distribution costs
|
|
|
|
|
|
|
|
Administrative and management costs
|
109 256 000.00
|
|
|
|
|
|
|
Profit on sales
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATING INCOME AND CHARGES
|
|
|
|
|
|
|
|
Interest receivable
|
984 000.00
|
|
|
|
|
|
|
Interest payable
|
1 802 000.00
|
|
|
|
|
|
|
Income from participating interests
|
3 236 000.00
|
|
|
|
|
|
|
Other operating income
|
61 600 000.00
|
|
|
|
|
|
|
Other operating charges
|
|
|
|
|
|
|
|
Operating profit
|
|
|
29 674 000.00
|
|
7 812 000.00
|
|
|
|
|
|
|
|
|
|
|
INVESTMENT INCOME AND CHARGES
|
|
|
|
|
|
|
|
Investment income less charges
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit before taxation
|
63 655 000.00
|
|
83 828 000.00
|
|
64 880 000.00
|
|
|
Income-tax and other similar payments
|
10 146 000.00
|
|
|
|
|
|
|
Profit (loss) from ordinary activity
|
|
|
|
|
|
|
|
Extraordinary income less charges
|
|
|
|
|
|
|
|
Net profit
|
53 509 000.00
|
|
72 366 000.00
|
|
56 037 000.00
|
|
|
|
|
|
|
|
|
|
|
|
- - - - - - - KEY RATIOS - - - - - - -
|
|
|
|
|
|
|
|
Return on sales, %
|
4.23
|
|
5.50
|
|
4.34
|
|
|
Profit before taxation / Net sales
|
|
|
|
|
|
|
|
Operating margin of profit, %
|
|
|
1.95
|
|
0.52
|
|
|
Operating
profit / Net sales
|
|
|
|
|
|
|
|
Return on investment, %
|
20.57
|
|
24.89
|
|
19.78
|
|
|
Profit before taxation / Equity
|
|
|
|
|
|
|
|
Current assets turnover
|
6.33
|
|
5.96
|
|
6.67
|
|
|
Net sales / Current assets
|
|
|
|
|
|
|
|
Working capital
|
-94 203 000.00
|
|
-75 230 000.00
|
|
-96 297 000.00
|
|
|
Current assets - Short-term liabilities
|
|
|
|
|
|
|
|
Leverage
|
0.38
|
|
0.42
|
|
0.44
|
|
|
Equity / Total assets
|
|
|
|
|
|
|
|
Current ratio
|
0.72
|
|
0.77
|
|
0.70
|
|
|
Current assets / Short-term liabilities
|
|
|
|
|
|
|
|
Quick ratio
|
0.35
|
|
0.35
|
|
0.33
|
|
|
(Current assets - Stock) / Short-term liabilities
|
|
|
|
|
|
|
|
Debt-to-equity ratio
|
1.60
|
|
1.36
|
|
1.27
|
|
|
Total
liabilities / Equity
|
|
|
|
|
|
|
|
Debtor days
|
1.43
|
|
6.79
|
|
6.66
|
|
|
Debtors / Net sales *365
|
|
|
|
|
|
|
|
Creditor days
|
58.25
|
|
|
|
|
|
|
Trade debts / Cost of goods sold *365
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income range of the subject (LTL):
1,000,000,001 - 2,147,483,647 /2011-12-31/ 1,000,000,001 - 2,147,483,647 /2010-12-31/
1,000,000,001 - 2,147,483,647 /2009-12-31/ 1,000,000,001 - 2,147,483,647
/2008-12-31/ 1,000,000,001 - 2,147,483,647 /2008-01-02/ 1,000,000,001 -
2,147,483,647 /2007-01-01/ 1,000,000,001 - 2,147,483,647 /2004-12-31/
1,000,000,001 - 2,147,483,647 /2003-12-31/ 1,000,000,001 - 2,147,483,647
/2002-12-31/ 100,000,001 - 200,000,000 /1999-12-31/
|
|
|
Publications
|
|
|
|
- 24.11.2017
|
:
|
|
Subject
|
:
|
http://www.maximagrupe.eu/news/212/81/Maxima-grupe-publicly
-offers-to-acquire-a-Polish-retail-chain-on-Warsaw-Stock-
Exchange/d,naujiena
|
|
|
|
|
|
Maxima grupe has signed an investment
agreement with Emperia Holding and is submitting a tender offer to acquire 100%
of companys shares on Warsaw Stock Exchange. Emperia Holding controls a
Polish retail chain Stokrotka. Maxima Grupe offers a price of 100 zloty for
one share of Emperia Holding and the total price for all companys shares
amounts up to 1,192 million PLN (approx. 283 million EUR). Tender offer
conditions also stipulate that Maxima Grupe may withdraw from the tender
offer if less than 66% of shares are submitted or if other pre-agreed
conditions are not met.
|
|
|
|
|
|
- 14.02.2017
|
:
|
|
Subject
|
:
|
http://www.maximagrupe.eu/news/192/81/In-2016-retail-turnover-of-Maxima-Grupe-grew-while-in-Lithuania-it-decreased/d
,naujiena
|
|
|
|
|
|
In 2016 retail turnover of Maxima Grupe grew,
while in Lithuania it decreased In 2016, consolidated retail turnover of
Maxima Grupe managing retail companies in Lithuania, Latvia, Estonia,
Poland and Bulgaria reached EUR 2.684 billion excl. VAT. Compared to 2015,
it increased by 0.2 percent. Retail turnover was increased by group
companies in Latvia (1.9 percent), Estonia (1.2 percent), Bulgaria (22.1
percent) and Poland (6.1 percent), meanwhile in Lithuania retail turnover
decreased (-2.1 percent).
|
|
|
|
|
|
- 18.05.2015
|
:
|
|
Subject
|
:
|
http://www.delfi.lt/verslas/verslas/teismas-nepasigailejo-maximos-ir-mantingos.d?id=68002472
|
|
|
|
|
|
Vilnius Regional Administrative Court
issued a decision confirming that the Competition Council decision on the MAXIMA
LT, UAB and UAB Mantinga prohibited agreement - is reasonable. The
Competition Council announces that "Maxima LT" confirmed fine -
15,184,685 euros (CC appointed fine was 16,8 mln. euros). UAB Mantinga fine
- 3,984,107 euros (CC appointed fine was 4,4 mln. euros). Both companies
will appeal the court decision.
|
|
|
|
|
|
- 08.12.2014
|
:
|
|
Subject
|
:
|
http://kt.gov.lt/en/index.php?show=news_view&pr_id=1538
|
|
|
|
|
|
Competition Council (the KT) disclosed an
anti-competitive agreement between food retail chain MAXIMA LT, UAB
(MAXIMA) and frozen bakery producer UAB Mantinga (Mantinga). The companies
fixed retail prices of bakery goods produced by Mantinga and, thus,
breached Article 5 part 1 of the Law on Competition and Article 101 part 1
of the Treaty on the Functioning of the European Union. For a decade long
breach MAXIMA was imposed a fine of 16,8 million euros and Mantinga 4,4
million euros. The provisions of the supply contracts concluded between
MAXIMA and Mantinga, their internal correspondence and other factual
circumstances indicate long-lasting and consistent agreement not to sell
Mantingas bread and other bakery goods below a base price, fixed on
Mantingas price list. The KT found enough evidence to prove that the
agreement on shelf prices resulted from a desire to build and maintain
higher profit margins at the expense of consumers. During the
investigation, the companies argued that they were trying to offer the most
favourable prices for consumers. However, the KT found that they sought to
maintain high prices, block discounts and raise the shelf prices. This
anti-competitive agreement helped to maintain higher retail prices for
almost a decade and disadvantaged consumers." - said arunas Keserauskas,
the Chairman of the KT. The KTs experts also investigated whether the
actions of other retail companies met competition requirements. The KT
determined that the agreement could have influenced Mantingas product
prices in other retail chains. According to the collected data, MAXIMA and
Mantinga were interested in having other retail chains join their
agreement. However, there was no sufficient evidence to prove that UAB
Prisma LT, UAB Palink, UAB NORFOS MAMENA and UAB RIMI Lietuva participated
in the agreements, therefore and the probe against latter companies was
closed. KT opened the investigation on 21 September 2010.
|
|
|
|
|
|
- 25.09.2009
|
:
|
|
Subject
|
:
|
http://www.belta.by/ru/belta_news?id=425803
|
|
|
|
|
|
The Parliament of Lithuania has
restricted the concentration and domination of trading networks. If the
amendments to the Law on Competition adopted by Parliament would be
approved by the President, then they will come into force since January
1-st 2010. Up to the moment the dominanting level was limited by 40%. The
amendments to the Law stipulated the limitation at 30%. Those companies
(three or less) which occupy 55% of market will be considered as dominant
after 01.01.2010. Now the dominant are considered to be three or less
companies which occupy 70% of market. Now the biggest players at Lithuanian
retail market are the following: Maxima, Iki, Rimi and Norfa. However, in
the last time some retailers have closed a part of the shops due to the
decline in sales. This year Rimi Lietuva has closed 2 shops, but Norfa - 6.
Trading network Maxima has fixed the most decline in July when the sales
went down by 15% compared to July 2008. In the 2-nd Q 2009 the network
Maxima has showed the most rapid drop in sales just in Lithuania reaching
the level of 2004-2005. The management was forced to close non-profitable
shops. This year 10 shops have already been closed; more 7 shops is planned
to be closed up to the end of 2009.
|
|
|
|
|
|
FINAL COMMENTS
|
|
|
|
Information was received from all the
sources available. The finance director of the company Mr. Gailius Kestutis
could not be accessed by phone +370 659 58442 and the chief accountant of
the company Mrs. Vilma Budriene could not be accessed by phone +3705
2196017 at the moment of the conclusion of the report. We have checked and
have not found that the company and/or its shareholders names appear on
OFAC lists, UE sanctions lists, etc. /Date: 07.02.2018, Tel.: +3705
2196017/ We've send to info@maxima.lt our questionnaire and if we receive
any additional information, we'll supplement the report.
|
|
|
|
|
|
Events History
|
|
|
|
- 25.04.2008
|
:
|
Reorganization
|
|
|
MAXIMA MGN, UAB is merged with MAXIMA LT,
UAB
|
|
|
Capital History
|
|
|
|
- 20.11.2008
|
:
|
1 000 000 LTL (registered)
|
|
|
( the data as of 20.11.2008, cancelled
since 24.11.2008 )
|
|
|
- date n/a
|
:
|
558 158 000 LTL (registered)
|
|
|
( the data cancelled since 20.11.2008 )
|
|
|
APPENDIX A
|
|
|
|
Financial Statements
|
|
|
Period, months
|
12
|
|
|
|
|
|
|
Ended
|
31.12.2016
|
|
|
|
|
|
|
Currency
|
EUR
|
|
|
|
|
|
|
|
PROFIT LOSS ACCOUNT
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.
Sales income
|
1 503 415 000.00
|
|
|
|
|
|
|
2.
Cost of sales
|
-1 394 522 000.00
|
|
|
|
|
|
|
3.
Change of the real value of biological asset
|
|
|
|
|
|
|
|
4.
GROSS PROFIT (LOSS)
|
108 893 000.00
|
|
|
|
|
|
|
5.
Sales expences
|
|
|
|
|
|
|
|
6.
General and administrative expences
|
-109 256 000.00
|
|
|
|
|
|
|
7.
Other operating results
|
61 600 000.00
|
|
|
|
|
|
|
8.
Income from the investments to the shares of parent companies,
subsidiaries, asociated companies
|
3 236 000.00
|
|
|
|
|
|
|
9.
Income from other long term investments and loans
|
|
|
|
|
|
|
|
10. Other income from interests and
simmilar
|
984 000.00
|
|
|
|
|
|
|
11. Decrease of financial assets and
short term investments
|
|
|
|
|
|
|
|
12. Interest and similar expenses
|
-1 802 000.00
|
|
|
|
|
|
|
13. PROFIT (LOSS) BEFORE INCOME TAX
|
63 655 000.00
|
|
|
|
|
|
|
14. Income tax
|
-10 146 000.00
|
|
|
|
|
|
|
15. NET PROFIT (LOSS)
|
53 509 000.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - -
|
|
|
|
|
|
|
|
BALANCE SHEET
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
|
A. NON-CURRENT ASSETS
|
569 209 000.00
|
|
|
|
|
|
|
1.
INTANGIBLE ASSETS
|
715 000.00
|
|
|
|
|
|
|
1.1.
Development work
|
|
|
|
|
|
|
|
1.2.
Goodwill
|
|
|
|
|
|
|
|
1.3.
Computer software
|
702 000.00
|
|
|
|
|
|
|
1.4.
Licences and patents
|
|
|
|
|
|
|
|
1.5.
Other intangible assets
|
|
|
|
|
|
|
|
1.6.
Prepayments
|
13 000.00
|
|
|
|
|
|
|
2.
TANGIBLE ASSETS
|
36 403 000.00
|
|
|
|
|
|
|
2.1.
Land
|
17 000.00
|
|
|
|
|
|
|
2.2.
Buildings and construction
|
25 000.00
|
|
|
|
|
|
|
2.3.
Plant and machinery
|
|
|
|
|
|
|
|
2.4.
Vehicles
|
|
|
|
|
|
|
|
2.5.
Other tools and equipment
|
36 268 000.00
|
|
|
|
|
|
|
2.6.
Investment property
|
0.00
|
|
|
|
|
|
|
2.6.1. Land
|
|
|
|
|
|
|
|
2.6.2. Buildings
|
|
|
|
|
|
|
|
2.7.
Prepayments and constructions (production) in progress
|
93 000.00
|
|
|
|
|
|
|
3.
FINANCIAL ASSETS
|
530 575 000.00
|
|
|
|
|
|
|
3.1.
Shares of the group companies
|
179 024 000.00
|
|
|
|
|
|
|
3.2.
Loans to the group companies
|
20 746 000.00
|
|
|
|
|
|
|
3.3.
Amounts receivable from the group companies
|
|
|
|
|
|
|
|
3.4.
Shares of the associates
|
305 576 000.00
|
|
|
|
|
|
|
3.5.
Loans to associates
|
25 229 000.00
|
|
|
|
|
|
|
3.6.
Amounts receivable from the associates
|
|
|
|
|
|
|
|
3.7.
Long term investments
|
|
|
|
|
|
|
|
3.8.
Amounts receivable after one year
|
|
|
|
|
|
|
|
3.9.
Other financial assets
|
|
|
|
|
|
|
|
4.
OTHER NON-CURRENT ASSETS
|
1 516 000.00
|
|
|
|
|
|
|
4.1.
Deferred profit tax assets
|
1 516 000.00
|
|
|
|
|
|
|
4.2.
Biological assets
|
|
|
|
|
|
|
|
4.3.
Other non-current assets
|
|
|
|
|
|
|
|
B. CURRENT ASSETS
|
235 449 000.00
|
|
|
|
|
|
|
1.
INVENTORIES
|
122 465 000.00
|
|
|
|
|
|
|
1.1.
Raw materials and components
|
1 366 000.00
|
|
|
|
|
|
|
1.2.
Work in progress
|
|
|
|
|
|
|
|
1.3.
Finished goods
|
|
|
|
|
|
|
|
1.4.
Goods bought for resale
|
120 351 000.00
|
|
|
|
|
|
|
1.5.
Biological assets
|
|
|
|
|
|
|
|
1.6.
Long term assets for resale
|
|
|
|
|
|
|
|
1.7.
Prepayments
|
748 000.00
|
|
|
|
|
|
|
2.
AMOUNTS RECEIVABLE WITHIN ONE YEAR
|
39 873 000.00
|
|
|
|
|
|
|
2.1.
Trade debtors
|
5 901 000.00
|
|
|
|
|
|
|
2.2.
Amounts receivable from group companies
|
13 109 000.00
|
|
|
|
|
|
|
2.3.
Amounts receivable from associates
|
12 641 000.00
|
|
|
|
|
|
|
2.4.
Other amounts receivable
|
8 222 000.00
|
|
|
|
|
|
|
3.
CURRENT INVESTMENTS
|
0.00
|
|
|
|
|
|
|
3.1.
Company group shares
|
|
|
|
|
|
|
|
3.2.
Other investments
|
|
|
|
|
|
|
|
4.
CASH AND CASH EQUIVALENTS
|
73 111 000.00
|
|
|
|
|
|
|
C. DEFERRED EXPENSES AND ACCRUED INCOME
|
2 017 000.00
|
|
|
|
|
|
|
TOTAL ASSETS
|
806 675 000.00
|
|
|
|
|
|
|
EQUITY AND LIABILITIES
|
|
|
|
|
|
|
|
D. EQUITY
|
309 509 000.00
|
|
|
|
|
|
|
1.
CAPITAL
|
70 066 000.00
|
|
|
|
|
|
|
1.1.
Authorised (subscribed)
|
104 400 000.00
|
|
|
|
|
|
|
1.2.
Subscribed uncalled authorised capital (-)
|
|
|
|
|
|
|
|
1.3.
Own shares (-)
|
-34 334 000.00
|
|
|
|
|
|
|
2.
SHARE PREMIUM
|
|
|
|
|
|
|
|
3.
REVALUATION RESERVE (RESULTS)
|
27 000.00
|
|
|
|
|
|
|
4.
RESERVES
|
55 845 000.00
|
|
|
|
|
|
|
4.1.
Required reserve or reserve capital
|
10 440 000.00
|
|
|
|
|
|
|
4.2.
Acquisition of own shares
|
45 405 000.00
|
|
|
|
|
|
|
4.3.
Other reserves
|
|
|
|
|
|
|
|
5.
RETAINED PROFIT (LOSS)
|
183 571 000.00
|
|
|
|
|
|
|
5.1.
Current year profit (loss)
|
53 509 000.00
|
|
|
|
|
|
|
5.2.
Previous year profit (loss)
|
130 062 000.00
|
|
|
|
|
|
|
E. GRANTS AND SUBSIDIES
|
|
|
|
|
|
|
|
F. PROVISIONS
|
426 000.00
|
|
|
|
|
|
|
1.
Pensions and similar obligations
|
426 000.00
|
|
|
|
|
|
|
2.
Tax provisions
|
|
|
|
|
|
|
|
3.
Other provisions
|
|
|
|
|
|
|
|
G. ACCOUNTS PAYABLE AND OTHER LIABILITIES
|
493 854 000.00
|
|
|
|
|
|
|
1.
ACCOUNTS PAYABLE AFTER ONE YEAR AND LONG-TERM LIABILITIES
|
165 071 000.00
|
|
|
|
|
|
|
1.1.
Financial debts
|
|
|
|
|
|
|
|
1.2.
Financial debts to credit institutions
|
119 475 000.00
|
|
|
|
|
|
|
1.3.
Prepayments received
|
|
|
|
|
|
|
|
1.4.
Debts to suppliers
|
|
|
|
|
|
|
|
1.5.
Accounts payable according to promissory notes, cheques
|
|
|
|
|
|
|
|
1.6.
Accounts payable to group companies
|
29 100 000.00
|
|
|
|
|
|
|
1.7.
Accounts payable to asociated companies
|
16 496 000.00
|
|
|
|
|
|
|
1.8.
Other accounts payable and long-term liabilities
|
|
|
|
|
|
|
|
2.
ACCOUNTS PAYABLE WITHIN ONE YEAR
AND SHORT LIABILITIES
|
328 783 000.00
|
|
|
|
|
|
|
2.1.
Financial debts
|
|
|
|
|
|
|
|
2.2.
Financial debts to credit institutions
|
44 900 000.00
|
|
|
|
|
|
|
2.3.
Prepayments received
|
3 528 000.00
|
|
|
|
|
|
|
2.4.
Debts to suppliers
|
222 541 000.00
|
|
|
|
|
|
|
2.5.
Accounts payable according to promissory notes, cheques
|
|
|
|
|
|
|
|
2.6.
Accounts payable to group companies
|
9 534 000.00
|
|
|
|
|
|
|
2.7.
Accounts payable to asociated companies
|
1 030 000.00
|
|
|
|
|
|
|
2.8.
Income tax liabilities
|
718 000.00
|
|
|
|
|
|
|
2.9.
Employment-related obligations
|
17 691 000.00
|
|
|
|
|
|
|
2.10.
Other payables and current liabilities
|
28 841 000.00
|
|
|
|
|
|
|
H. ACCRUED EXPENCES AND DEFFERED INCOME
|
2 886 000.00
|
|
|
|
|
|
|
EQUITY AND LIABILITIES TOTAL
|
806 675 000.00
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
- 31.12.2015
|
:
|
|
Fiscal period: 12 month(s),
currency: EUR
|
|
|
PROFIT AND LOSS ACCOUNT
|
|
|
|
|
|
|
I.
SALES AND SERVICES
|
1 524 423 000.00
|
|
|
II.
COSTS OF GOODS SOLD AND SERVICES
|
1 406 038 000.00
|
|
|
RENDERED
|
|
|
|
III.
GROSS PROFIT (LOSS)
|
118 385 000.00
|
|
|
IV.
OPERATING EXPENSES
|
88 711 000.00
|
|
|
IV.1 Expenses on sales
|
|
|
|
IV.2 Administrative and other expenses
|
88 711 000.00
|
|
|
V.
OPERATING PROFIT (LOSS)
|
29 674 000.00
|
|
|
VI.
OTHER OPERATIONS
|
55 214 000.00
|
|
|
VI.1 Revenue from other operations
|
55 214 000.00
|
|
|
VI.2 Expenses on other operations
|
|
|
|
VII.
FINANCIAL AND INVESTMENT ACTIVITIES
|
-1 060 000.00
|
|
|
|
|
|
VII.1 Revenue from financial and
investing activities
|
3 690 000.00
|
|
|
VII.2 Expenses on financial and investing
activities
|
4 750 000.00
|
|
|
VIII.
BASIC ACTIVITY PROFIT (LOSS)
|
83 828 000.00
|
|
|
|
|
|
IX.
EXTRA-ORDINARY PROFIT
|
|
|
|
X. EXTRA-ORDINARY LOSS
|
|
|
|
XI.
PROFIT LIABLE TO TAXATION (LOSS)
|
83 828 000.00
|
|
|
|
|
|
XII.
PROFIT TAX
|
11 462 000.00
|
|
|
XIII.
NET PROFIT (LOSS)
|
72 366 000.00
|
|
|
XIV.
PROFIT (LOSS) before minority
share
|
|
|
|
XV.
MINORITY SHARE
|
|
|
|
- - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - -
|
|
|
|
BALANCE SHEET
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
A.
NON-CURRENT ASSETS
|
538 579 000.00
|
|
|
I.
INTANGIBLE ASSETS
|
39 000.00
|
|
|
I.1
Reseach and development costs
|
|
|
|
I.2
Goodwill
|
|
|
|
I.3
Rights obtained (licences, patents etc.)
|
|
|
|
I.4
Software
|
39 000.00
|
|
|
I.5
Other intangible assets
|
|
|
|
II.
TANGIBLE ASSETS
|
41 235 000.00
|
|
|
II.1
Land
|
1 513 000.00
|
|
|
II.2 Buildings and constructions
|
9 409 000.00
|
|
|
II.3 Plant and equipment
|
|
|
|
II.4
Transport vehicles
|
|
|
|
II.5
Other fixtures, fittings, tools and equipment
|
29 768 000.00
|
|
|
II.6 Construction in progress and
prepayments
|
545 000.00
|
|
|
II.7 Other tangible assets
|
|
|
|
II.8
Investment assets
|
0.00
|
|
|
II.8.1.
Land
|
|
|
|
II.8.2.
Buildings
|
|
|
|
III.
LONG-TERM FINANCIAL ASSETS
|
496 105 000.00
|
|
|
III.1
Capital participation and
investments in related
|
460 532 000.00
|
|
|
companies
|
|
|
|
III.2 Loans to subsidiaries and
associated companies
|
35 573 000.00
|
|
|
III.3 Long-term accounts receivable
|
|
|
|
III.4 Other long-term finacial assets
|
|
|
|
|
|
|
IV. OTHER LONG TERM ASSETS
|
1 200 000.00
|
|
|
IV.1 Deffered tax profit
|
1 200 000.00
|
|
|
IV.2 Other long term assets
|
|
|
|
|
|
|
B.
CURRENT ASSETS
|
255 898 000.00
|
|
|
I.
STOCKS AND CONTRACTS IN PROGRESS
|
139 571 000.00
|
|
|
I.1. Stocks
|
137 512 000.00
|
|
|
I.1.1 Raw materials and consumables
|
1 515 000.00
|
|
|
I.1.2 Work in progress
|
|
|
|
I.1.3 Finished products
|
|
|
|
I.1.4 Goods purchased for sale
|
135 997 000.00
|
|
|
I.1.5 Long term assets for resale
|
|
|
|
I.2 Advanced payments
|
2 059 000.00
|
|
|
I.3. Contracts in progress
|
|
|
|
II.
SHORT-TERM ACCOUNTS RECEIVABLE
|
28 376 000.00
|
|
|
|
|
|
II.1. Trade debtors
|
4 732 000.00
|
|
|
II.2 Loans to subsidiaries and
associated companies
|
12 793 000.00
|
|
|
II.3. Other accounts receivable
|
10 851 000.00
|
|
|
III.
OTHER CURRENT ASSETS
|
0.00
|
|
|
III.1 Short-term investments
|
|
|
|
III.2 Deposit accounts
|
|
|
|
III.3 Other current assets
|
|
|
|
IV.
CASH IN HAND AND BANK ACCOUNT
|
87 951 000.00
|
|
|
TOTAL ASSETS
|
794 477 000.00
|
|
|
|
|
|
EQUITY AND LIABILITIES
|
|
|
|
|
|
|
C.
CAPITAL AND RESERVES
|
336 737 000.00
|
|
|
I.
CAPITAL
|
70 066 000.00
|
|
|
I.1. Authorized capital
|
104 400 000.00
|
|
|
I.2. Uncalled capital
|
|
|
|
I.3 Share premium account
|
|
|
|
I.4 Own shares
|
-34 334 000.00
|
|
|
II.
REVALUATION RESERVE
|
3 735 000.00
|
|
|
III.
RESERVES
|
55 831 000.00
|
|
|
III.1. Legally prescribed reserevs
|
10 426 000.00
|
|
|
III.2. Non-distributable reserves
|
45 405 000.00
|
|
|
III.3. Other reserves
|
|
|
|
IV.
RETAINED EARNINGS
|
207 105 000.00
|
|
|
IV.1 Profit (loss) from the current
year
|
73 620 000.00
|
|
|
IV.2 Profit (loss) brought forward from
previous years
|
133 485 000.00
|
|
|
V.
Currency exchange rate influence
|
|
|
|
D.
FINANCING (GRANTS AND SUBSIDIES)
|
|
|
|
|
|
|
D.
MINORITY SHARE
|
|
|
|
E.
ACCOUNTS PAYABLE AND LIABILITIES
|
457 740 000.00
|
|
|
I.
LONG-TERM ACCOUNTS PAYABLE
|
126 612 000.00
|
|
|
I.1 Financial loans
|
126 612 000.00
|
|
|
I.1.1
Leasing and other similar
obligations
|
|
|
|
I.1.2 Amounts owed to credit
institutions
|
126 612 000.00
|
|
|
I.1.3 Other financial loans
|
|
|
|
I.2 Trade creditors
|
|
|
|
I.3 Advanced payments under contracts in
progress
|
|
|
|
|
|
|
I.4 Provisions
|
0.00
|
|
|
I.4.1 Liabilities repayment
|
|
|
|
I.4.2 Benefit and similar liabilities
|
|
|
|
|
|
|
I.4.3 Other provisions
|
|
|
|
I.5 Deffered taxes
|
|
|
|
I.6 Other accounts payable and
long-term liabilities
|
|
|
|
II.
SHORT-TERM LIABILITIES
|
331 128 000.00
|
|
|
II.1 Short-term portion of long-term
debts
|
33 481 000.00
|
|
|
|
|
|
II.2 Financial debts
|
56 000.00
|
|
|
II.2.1 To credit institutions
|
|
|
|
II.2.2 Other loans
|
56 000.00
|
|
|
II.3 Trade creditors
|
237 770 000.00
|
|
|
II.4 Advanced payments under contracts
in progress
|
3 524 000.00
|
|
|
|
|
|
II.5 Profit tax liabilities
|
|
|
|
II.6 Taxes, accrued payroll and social
insurance payments
|
16 848 000.00
|
|
|
|
|
|
II.7 Provisions
|
|
|
|
II.8 Other accounts payable and
short-term liabilities
|
39 449 000.00
|
|
|
|
|
|
TOTAL EQUITY AND LIABILITIES
|
794 477 000.00
|
|
|
|
|
|
|
|
|
- 31.12.2014
|
:
|
|
Fiscal period: 12 month(s),
currency: EUR
|
|
|
PROFIT AND LOSS ACCOUNT
|
|
|
|
|
|
|
I.
SALES AND SERVICES
|
1 494 575 000.00
|
|
|
II.
COSTS OF GOODS SOLD AND SERVICES
|
1 400 818 000.00
|
|
|
RENDERED
|
|
|
|
III.
GROSS PROFIT (LOSS)
|
93 757 000.00
|
|
|
IV.
OPERATING EXPENSES
|
85 945 000.00
|
|
|
IV.1 Expenses on sales
|
|
|
|
IV.2 Administrative and other expenses
|
85 945 000.00
|
|
|
V.
OPERATING PROFIT (LOSS)
|
7 812 000.00
|
|
|
VI.
OTHER OPERATIONS
|
55 566 000.00
|
|
|
VI.1 Revenue from other operations
|
55 566 000.00
|
|
|
VI.2 Expenses on other operations
|
|
|
|
VII.
FINANCIAL AND INVESTMENT ACTIVITIES
|
1 502 000.00
|
|
|
|
|
|
VII.1 Revenue from financial and
investing activities
|
4 103 000.00
|
|
|
VII.2 Expenses on financial and investing
activities
|
2 601 000.00
|
|
|
VIII.
BASIC ACTIVITY PROFIT (LOSS)
|
64 880 000.00
|
|
|
|
|
|
IX.
EXTRA-ORDINARY PROFIT
|
|
|
|
X.
EXTRA-ORDINARY LOSS
|
|
|
|
XI.
PROFIT LIABLE TO TAXATION (LOSS)
|
64 880 000.00
|
|
|
|
|
|
XII.
PROFIT TAX
|
8 843 000.00
|
|
|
XIII.
NET PROFIT (LOSS)
|
56 037 000.00
|
|
|
XIV.
PROFIT (LOSS) before minority
share
|
|
|
|
XV.
MINORITY SHARE
|
|
|
|
- - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - -
|
|
|
|
BALANCE SHEET
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
A.
NON-CURRENT ASSETS
|
520 368 000.00
|
|
|
I.
INTANGIBLE ASSETS
|
79 000.00
|
|
|
I.1
Reseach and development costs
|
|
|
|
I.2
Goodwill
|
|
|
|
I.3
Rights obtained (licences, patents etc.)
|
|
|
|
I.4
Software
|
78 000.00
|
|
|
I.5
Other intangible assets
|
1 000.00
|
|
|
II.
TANGIBLE ASSETS
|
42 179 000.00
|
|
|
II.1
Land
|
1 513 000.00
|
|
|
II.2 Buildings and constructions
|
11 256 000.00
|
|
|
II.3 Plant and equipment
|
|
|
|
II.4
Transport vehicles
|
|
|
|
II.5
Other fixtures, fittings, tools and equipment
|
29 407 000.00
|
|
|
II.6 Construction in progress and
prepayments
|
3 000.00
|
|
|
II.7 Other tangible assets
|
|
|
|
II.8
Investment assets
|
0.00
|
|
|
II.8.1.
Land
|
|
|
|
II.8.2.
Buildings
|
|
|
|
III.
LONG-TERM FINANCIAL ASSETS
|
477 275 000.00
|
|
|
III.1 Capital participation and
investments in related
|
462 530 000.00
|
|
|
companies
|
|
|
|
III.2 Loans to subsidiaries and
associated companies
|
14 407 000.00
|
|
|
III.3 Long-term accounts receivable
|
338 000.00
|
|
|
III.4 Other long-term finacial assets
|
|
|
|
|
|
|
IV. OTHER LONG TERM ASSETS
|
835 000.00
|
|
|
IV.1 Deffered tax profit
|
835 000.00
|
|
|
IV.2 Other long term assets
|
|
|
|
|
|
|
B.
CURRENT ASSETS
|
224 234 000.00
|
|
|
I.
STOCKS AND CONTRACTS IN PROGRESS
|
116 909 000.00
|
|
|
I.1. Stocks
|
115 783 000.00
|
|
|
I.1.1 Raw materials and consumables
|
1 874 000.00
|
|
|
I.1.2 Work in progress
|
|
|
|
I.1.3 Finished products
|
|
|
|
I.1.4 Goods purchased for sale
|
113 909 000.00
|
|
|
I.1.5 Long term assets for resale
|
|
|
|
I.2 Advanced payments
|
1 126 000.00
|
|
|
I.3. Contracts in progress
|
|
|
|
II.
SHORT-TERM ACCOUNTS RECEIVABLE
|
27 261 000.00
|
|
|
|
|
|
II.1. Trade debtors
|
3 203 000.00
|
|
|
II.2 Loans to subsidiaries and
associated companies
|
12 442 000.00
|
|
|
II.3. Other accounts receivable
|
11 616 000.00
|
|
|
III.
OTHER CURRENT ASSETS
|
0.00
|
|
|
III.1 Short-term investments
|
|
|
|
III.2 Deposit accounts
|
|
|
|
III.3 Other current assets
|
|
|
|
IV.
CASH IN HAND AND BANK ACCOUNT
|
80 064 000.00
|
|
|
TOTAL ASSETS
|
744 602 000.00
|
|
|
|
|
|
EQUITY AND LIABILITIES
|
|
|
|
|
|
|
C.
CAPITAL AND RESERVES
|
327 954 000.00
|
|
|
I.
CAPITAL
|
69 929 000.00
|
|
|
I.1. Authorized capital
|
104 263 000.00
|
|
|
I.2. Uncalled capital
|
|
|
|
I.3 Share premium account
|
|
|
|
I.4 Own shares
|
-34 334 000.00
|
|
|
II.
REVALUATION RESERVE
|
4 852 000.00
|
|
|
III.
RESERVES
|
55 831 000.00
|
|
|
III.1. Legally prescribed reserevs
|
10 426 000.00
|
|
|
III.2. Non-distributable reserves
|
45 405 000.00
|
|
|
III.3. Other reserves
|
|
|
|
IV.
RETAINED EARNINGS
|
197 342 000.00
|
|
|
IV.1 Profit (loss) from the current
year
|
57 712 000.00
|
|
|
IV.2 Profit (loss) brought forward from
previous years
|
139 630 000.00
|
|
|
V.
Currency exchange rate influence
|
|
|
|
D.
FINANCING (GRANTS AND SUBSIDIES)
|
|
|
|
|
|
|
D.
MINORITY SHARE
|
|
|
|
E.
ACCOUNTS PAYABLE AND LIABILITIES
|
416 648 000.00
|
|
|
I.
LONG-TERM ACCOUNTS PAYABLE
|
96 117 000.00
|
|
|
I.1 Financial loans
|
96 117 000.00
|
|
|
I.1.1 Leasing and other similar
obligations
|
|
|
|
I.1.2 Amounts owed to credit
institutions
|
96 117 000.00
|
|
|
I.1.3 Other financial loans
|
|
|
|
I.2 Trade creditors
|
|
|
|
I.3 Advanced payments under contracts
in progress
|
|
|
|
|
|
|
I.4 Provisions
|
0.00
|
|
|
I.4.1 Liabilities repayment
|
|
|
|
I.4.2 Benefit and similar liabilities
|
|
|
|
|
|
|
I.4.3 Other provisions
|
|
|
|
I.5 Deffered taxes
|
|
|
|
I.6 Other accounts payable and
long-term liabilities
|
|
|
|
II.
SHORT-TERM LIABILITIES
|
320 531 000.00
|
|
|
II.1 Short-term portion of long-term
debts
|
25 111 000.00
|
|
|
|
|
|
II.2 Financial debts
|
5 627 000.00
|
|
|
II.2.1 To credit institutions
|
|
|
|
II.2.2 Other loans
|
5 627 000.00
|
|
|
II.3 Trade creditors
|
232 631 000.00
|
|
|
II.4 Advanced payments under contracts
in progress
|
3 400 000.00
|
|
|
|
|
|
II.5 Profit tax liabilities
|
403 000.00
|
|
|
II.6
Taxes, accrued payroll and social insurance payments
|
15 679 000.00
|
|
|
|
|
|
II.7 Provisions
|
|
|
|
II.8 Other accounts payable and
short-term liabilities
|
37 680 000.00
|
|
|
|
|
|
TOTAL EQUITY AND LIABILITIES
|
744 602 000.00
|
|
|
|
|
|
|
|
|
- 31.12.2013
|
:
|
|
Fiscal period: 12 month(s),
currency: LTL
|
|
|
PROFIT AND LOSS ACCOUNT
|
|
|
|
|
|
|
I.
SALES AND SERVICES
|
5 037 809 000.00
|
|
|
II.
COSTS OF GOODS SOLD AND SERVICES
|
4 732 159 000.00
|
|
|
RENDERED
|
|
|
|
III.
GROSS PROFIT (LOSS)
|
305 650 000.00
|
|
|
IV.
OPERATING EXPENSES
|
284 816 000.00
|
|
|
IV.1 Expenses on sales
|
|
|
|
IV.2 Administrative and other expenses
|
284 816 000.00
|
|
|
V.
OPERATING PROFIT (LOSS)
|
20 834 000.00
|
|
|
VI.
OTHER OPERATIONS
|
181 738 000.00
|
|
|
VI.1 Revenue from other operations
|
181 738 000.00
|
|
|
VI.2 Expenses on other operations
|
|
|
|
VII.
FINANCIAL AND INVESTMENT ACTIVITIES
|
-3 246 000.00
|
|
|
|
|
|
VII.1 Revenue from financial and
investing activities
|
2 987 000.00
|
|
|
VII.2 Expenses on financial and investing
activities
|
6 233 000.00
|
|
|
VIII.
BASIC ACTIVITY PROFIT (LOSS)
|
199 326 000.00
|
|
|
|
|
|
IX.
EXTRA-ORDINARY PROFIT
|
|
|
|
X.
EXTRA-ORDINARY LOSS
|
|
|
|
XI.
PROFIT LIABLE TO TAXATION (LOSS)
|
199 326 000.00
|
|
|
|
|
|
XII.
PROFIT TAX
|
27 889 000.00
|
|
|
XIII.
NET PROFIT (LOSS)
|
171 437 000.00
|
|
|
XIV.
PROFIT (LOSS) before minority
share
|
|
|
|
XV.
MINORITY SHARE
|
|
|
|
- - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - -
|
|
|
|
BALANCE SHEET
|
|
|
|
|
|
|
ASSETS
|
|
|
|
|
|
|
A.
NON-CURRENT ASSETS
|
1 818 533 000.00
|
|
|
I.
INTANGIBLE ASSETS
|
551 000.00
|
|
|
I.1
Reseach and development costs
|
|
|
|
I.2
Goodwill
|
|
|
|
I.3
Rights obtained (licences, patents etc.)
|
|
|
|
I.4
Software
|
503 000.00
|
|
|
I.5
Other intangible assets
|
48 000.00
|
|
|
II.
TANGIBLE ASSETS
|
143 460 000.00
|
|
|
II.1
Land
|
5 223 000.00
|
|
|
II.2 Buildings and constructions
|
51 244 000.00
|
|
|
II.3 Plant and equipment
|
|
|
|
II.4
Transport vehicles
|
18 000.00
|
|
|
II.5
Other fixtures, fittings, tools and equipment
|
86 962 000.00
|
|
|
II.6 Construction in progress and
prepayments
|
13 000.00
|
|
|
II.7 Other tangible assets
|
|
|
|
II.8
Investment assets
|
0.00
|
|
|
II.8.1.
Land
|
|
|
|
II.8.2.
Buildings
|
|
|
|
III.
LONG-TERM FINANCIAL ASSETS
|
1 672 396 000.00
|
|
|
III.1
Capital participation and
investments in related
|
1 593 109 000.00
|
|
|
companies
|
|
|
|
III.2 Loans to subsidiaries and
associated companies
|
77 720 000.00
|
|
|
III.3 Long-term accounts receivable
|
1 567 000.00
|
|
|
III.4 Other long-term finacial assets
|
|
|
|
|
|
|
IV. OTHER LONG TERM ASSETS
|
2 126 000.00
|
|
|
IV.1 Deffered tax profit
|
2 126 000.00
|
|
|
IV.2 Other long term assets
|
|
|
|
|
|
|
B.
CURRENT ASSETS
|
693 827 000.00
|
|
|
I.
STOCKS AND CONTRACTS IN PROGRESS
|
427 452 000.00
|
|
|
I.1. Stocks
|
424 237 000.00
|
|
|
I.1.1 Raw materials and consumables
|
5 352 000.00
|
|
|
I.1.2 Work in progress
|
|
|
|
I.1.3 Finished products
|
|
|
|
I.1.4 Goods purchased for sale
|
418 885 000.00
|
|
|
I.1.5 Long term assets for resale
|
|
|
|
I.2 Advanced payments
|
3 215 000.00
|
|
|
I.3. Contracts in progress
|
|
|
|
II.
SHORT-TERM ACCOUNTS RECEIVABLE
|
83 376 000.00
|
|
|
|
|
|
II.1. Trade debtors
|
11 811 000.00
|
|
|
II.2 Loans to subsidiaries and
associated companies
|
34 664 000.00
|
|
|
II.3. Other accounts receivable
|
36 901 000.00
|
|
|
III.
OTHER CURRENT ASSETS
|
0.00
|
|
|
III.1 Short-term investments
|
|
|
|
III.2 Deposit accounts
|
|
|
|
III.3 Other current assets
|
|
|
|
IV.
CASH IN HAND AND BANK ACCOUNT
|
182 999 000.00
|
|
|
TOTAL ASSETS
|
2 512 360 000.00
|
|
|
|
|
|
EQUITY AND LIABILITIES
|
|
|
|
|
|
|
C.
CAPITAL AND RESERVES
|
1 068 879 000.00
|
|
|
I.
CAPITAL
|
241 453 000.00
|
|
|
I.1. Authorized capital
|
360 000 000.00
|
|
|
I.2. Uncalled capital
|
|
|
|
I.3 Share premium account
|
|
|
|
I.4 Own shares
|
-118 547 000.00
|
|
|
II.
REVALUATION RESERVE
|
22 538 000.00
|
|
|
III.
RESERVES
|
192 775 000.00
|
|
|
III.1. Legally prescribed reserevs
|
36 000 000.00
|
|
|
III.2. Non-distributable reserves
|
156 775 000.00
|
|
|
III.3. Other reserves
|
|
|
|
IV.
RETAINED EARNINGS
|
612 113 000.00
|
|
|
IV.1 Profit (loss) from the current
year
|
175 949 000.00
|
|
|
IV.2 Profit (loss) brought forward from
previous years
|
436 164 000.00
|
|
|
V.
Currency exchange rate influence
|
|
|
|
D.
FINANCING (GRANTS AND SUBSIDIES)
|
|
|
|
|
|
|
D.
MINORITY SHARE
|
|
|
|
E.
ACCOUNTS PAYABLE AND LIABILITIES
|
1 443 481 000.00
|
|
|
I.
LONG-TERM ACCOUNTS PAYABLE
|
341 687 000.00
|
|
|
I.1
Financial loans
|
341 687 000.00
|
|
|
I.1.1 Leasing and other similar
obligations
|
|
|
|
I.1.2 Amounts owed to credit
institutions
|
341 687 000.00
|
|
|
I.1.3 Other financial loans
|
|
|
|
I.2 Trade creditors
|
|
|
|
I.3
Advanced payments under
contracts in progress
|
|
|
|
|
|
|
I.4 Provisions
|
0.00
|
|
|
I.4.1 Liabilities repayment
|
|
|
|
I.4.2 Benefit and similar liabilities
|
|
|
|
|
|
|
I.4.3 Other provisions
|
|
|
|
I.5 Deffered taxes
|
|
|
|
I.6 Other accounts payable and
long-term liabilities
|
|
|
|
II.
SHORT-TERM LIABILITIES
|
1 101 794 000.00
|
|
|
II.1 Short-term portion of long-term
debts
|
56 726 000.00
|
|
|
|
|
|
II.2 Financial debts
|
38 408 000.00
|
|
|
II.2.1 To credit institutions
|
|
|
|
II.2.2 Other loans
|
38 408 000.00
|
|
|
II.3 Trade creditors
|
805 702 000.00
|
|
|
II.4 Advanced payments under contracts
in progress
|
11 657 000.00
|
|
|
|
|
|
II.5
Profit tax liabilities
|
871 000.00
|
|
|
II.6
Taxes, accrued payroll and social insurance payments
|
50 912 000.00
|
|
|
|
|
|
II.7 Provisions
|
|
|
|
II.8 Other accounts payable and
short-term liabilities
|
137 518 000.00
|
|
|
|
|
|
TOTAL EQUITY AND LIABILITIES
|
2 512 360 000.00
|
|
|
|
|
|
|
|
NB is stated where there is insufficient information to
facilitate rating. However, it is not to be considered as unfavourable.
