Re. AS Laima financial statement for year 2006 audited by a registered auditor


The Board of the Stock Company “Laima” (Unified Reg. No. 40003020441, legal
address: Sporta iela 2, Riga, LV - 1145) makes it known that the net profit in
the AS Laima financial statement for year 2006 audited by a registered auditor
and consolidated financial statement for year 2006 differs from the net profit
in the non-audited financial statement for year 2006 and consolidating
financial statement for year 2006 by over 10%. 

Net profit in the AS Laima financial statement for year 2006 audited by a
registered auditor exceeds by over 10% the net profit in the non-audited
financial statement for year 2006, as far as the deferred income tax amount and
interest income amount have been clarified more precisely. 

In turn, the net profit in the AS Laima consolidated financial statement for
year 2006 audited by a registered auditor is by over 10% less than the net
profit in the non-audited consolidated financial statement for year 2006. It is
because of corrections in connection with revaluation of investments in the
daughter companies, as the company OU Aston Food (Estonia) purchased by AS
Laima daughter company SIA „Euro Food” in 2006 applied for initiation of
bankruptcy proceedings at the time period between submission of the non-audited
statement to the Riga Stock Exchange on 28 February and the financial statement
preparation for the registered auditor's conclusion receipt. 

The OU Aston Food critical financial standing resulted from termination of a
supply contract by its lasting cooperation partner AS Statoil Eesti, which had
realised about 90% of the OU Aston Food produce. 

After OU Aston Food applied for bankruptcy adjudging, the provisions in full
goodwill for purchased subsidiary, as well as allowances for doubtful trade
receivables were formed, which resulted in reduction of the AS Laima net
consolidated profit. 

Further information is available in the AS Laima financial statement for year
2006 and consolidated statement for year 2006. 


Board of AS „Laima”