Decisions Made at the Vilniaus Baldai AB Shareholders Meeting
Vilniaus Baldai
General Meeting of Shareholders
The General Shareholders Meeting of VILNIAUS BALDAI AB took place to discuss and pass several crucial resolutions related to the company's audit procedures.
Agenda Item #1: Selection of Audit Company
During the meeting, important decisions were made regarding the appointment of an audit firm and the payment terms for audit services:
1. Approval of Audit Company:
1.1. Shareholders have chosen Limited Liability Company “Grant Thornton Baltic”, company code 300056169, located in Vilnius at Up?s st. 21-1, to perform the audit of the Annual Financial Statements for the years 2024 and 2025.
2. Payment Terms for Audit Services:
1.2. The following payment conditions were established for the audit services:
- The fee for auditing the Annual Financial Statements and Consolidated Financial Statements for 2024 is set at 34,800 EUR.
- For the 2025 audit, the fee will be 38,300 EUR.
- The cost for verifying the sustainability report for the financial year 2025 will be 12,000 EUR. Please note that these amounts do not include value-added tax, which will be applied and paid as required by law.
3. Additional Services and Compensation:
1.3. If any additional services are needed under the audit agreement, the audit firm will receive compensation for those services. The payment for these extra services will be based on the hourly rates of the employees from Private Liability Company “Grant Thornton Baltic” who provide these additional services.
4. Payment Schedule for Additional Services:
1.4. Payment for any additional services will be made once those services have been completed.
Contact Information
If you have any questions or need more information about these resolutions, please reach out to:
Chief Financial Officer
Egidijus Žvaliauskas
Phone No.: +370 (5) 252 57 00
Frequently Asked Questions
1. What topics were covered in the Vilniaus Baldai AB shareholders meeting?
The main topics included the election of the audit company and the establishment of payment terms for audit services.
2. Which audit company was selected for Vilniaus Baldai AB?
The shareholders selected Limited Liability Company “Grant Thornton Baltic” to carry out the audits for 2024 and 2025.
3. What are the established payment terms for the audit services?
The payment terms are set at 34,800 EUR for the 2024 audit, 38,300 EUR for the 2025 audit, and 12,000 EUR for the verification of the 2025 sustainability report.
4. How will the payment for additional services be determined?
The payment for any additional services will be calculated based on the hourly rates of the employees from Grant Thornton Baltic who are involved in providing those services.
5. Who can be contacted for further information regarding the resolutions?
For more information, you can contact Egidijus Žvaliauskas, the Chief Financial Officer, at +370 (5) 252 57 00.
