Teksts
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JSC “Latvijas kuģniecība” (LK) publicly stated on November 12,
2010 that VN is hiding relevant financial information from both
market regulators and the company’s shareholders in the 2009
audited financial statements of JSC “Ventspils nafta” (VN) as a
parent company that were approved at the VN shareholders’ meeting
of November 11, 2010. However, VN informs that these financial
statements are prepared in compliance with requirements of the
Annual Accounts Law of the Republic of Latvia.
While including information about its subsidiaries in the audited
annual report of VN as the parent company for 2009, VN observed the
provisions of the Annual Accounts Law of the Republic of Latvia,
and has included such information in the appendix to the report as
prescribed by the Annual Accounts Law of the Republic of
Latvia.
VN additionally informs that a technical error is made in the
audited consolidated reports of VN for 2008 and 2007 accordingly in
appendices No.19 and No.18 as a result of translation in describing
conditions of the long-term debt.
VN informs that pursuant to conditions of the long-term debt,
Euromin Holdings (Cyprus) Limited (subsidiary of Vitol) shall repay
the principal amount by October 15, 2016 at the latest or when
Euromin Holdings (Cyprus) Limited receives payment for the date of
its interest in the VN share capital (whichever is the earlier).
Previously it was incorrectly stated in the audited consolidated
annual reports of VN for 2008 and 2007 that one of the cases of
repayment time is when Euromin Holdings (Cyprus) Limited receives
payment for the sale of its interest in VNT instead of VN. This is
correctly stated in the annual report for 2009, which is the last
and the latest audited annual report of VN. In addition, VN would
like to draw attention to the fact that the long-term debt
agreement has not been amended since the moment of concluding it,
and there have been no delays in interest payments.
Ventspils nafta
Zane Bojāre
JSC „Ventspils nafta” PR Manager
E-mail: zane.bojare@vnafta.lv
Phone.: 67821691; 29706733
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