{"id":810,"date":"2017-02-03T11:17:45","date_gmt":"2017-02-03T13:17:45","guid":{"rendered":"https:\/\/linas.lt\/en\/?p=810"},"modified":"2017-02-03T11:17:45","modified_gmt":"2017-02-03T13:17:45","slug":"regarding-the-directors-decision-of-bank-of-the-republic-of-lithuania-supervision-office","status":"publish","type":"invest-naujienos","link":"https:\/\/linas.lt\/en\/invest-naujienos\/regarding-the-directors-decision-of-bank-of-the-republic-of-lithuania-supervision-office\/","title":{"rendered":"Regarding the director\u2019s decision of Bank of the Republic of Lithuania, Supervision office"},"content":{"rendered":"<p>On February 2, 2017 AB \u201cLinas\u201d received the decision No. 241-14 \u201cRegarding the influence application to AB \u201cLinas\u201d from the director of Bank of the Republic of Lithuania, Supervision office.<\/p>\n<p>Acc.to this decision AB \u201cLinas\u201d was warned regarding the breach of Lithuanian Republic securities law 22. In the decision it is indicated that AB \u201cLinas\u201d financial reports of year 2015 do not correspond 24 TAS (International Accounting standards) \u201cDisclosure of connected parties\u201d, 39TAS \u201cFinancial measurements. Appreciation and evaluation\u201d and 8 TFAS (International Financial Accounting Standards) \u201cActivity segments of requirements\u201d.<\/p>\n<p>Because AB \u201cLinas\u201d hasn\u2019t evaluated 1.8 mln EUR of loans of future money flows, discounted with application of primary actual this financial property interest norm, current value, in the financial reports of December 31, 2015, it is impossible to settle the exact influence to Company\u2019s and Group\u2019s financial statue and financial results. But if the receivable sums current value would be less than balance value of this sum, AB \u201cLinas\u201d property and unappropriated result would decrease.<\/p>\n<p>Also in the explanatory letter dated December 31, 2015 it wasn\u2019t indicated the information about connected parties relationship, acc.to which the incomes are attributed to different parties, incomes from the contracts with outside clients, that make 10 or more percent incomes, fact about common incomes which are received from each such client (in the value in percentage and rate). That is why the users of financial reports could not get enough information which is needed to understand the data of financial reports.<\/p>\n<p>Retrospective and perspective financial reports will be corrected, evaluated and announced publicly together with the audited financial reports of year 2016.<\/p>\n<p>AB \u201cLinas\u201d director<\/p>\n<p>Daiva Minkevicien\u0117<\/p>\n<p>+370 45 506100<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-810","invest-naujienos","type-invest-naujienos","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Regarding the director\u2019s decision of Bank of the Republic of Lithuania, Supervision office - linas.lt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/linas.lt\/en\/invest-naujienos\/regarding-the-directors-decision-of-bank-of-the-republic-of-lithuania-supervision-office\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Regarding the director\u2019s decision of Bank of the Republic of Lithuania, Supervision office - linas.lt\" \/>\n<meta property=\"og:description\" content=\"On February 2, 2017 AB \u201cLinas\u201d received the decision No. 241-14 \u201cRegarding the influence application to AB \u201cLinas\u201d from the director of Bank of the Republic of Lithuania, Supervision office. 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