5.1 Resolution of Management Board no 12/VIII/2014 concerning

Excerpt from Minutes No. 7/VIII/2014
from the meeting of the Management Board
of Grupa LOTOS S.A.
rd
of March 3 , 2014
"Resolution No. 12/VIII/2014
of the Management Board of Grupa LOTOS S.A.
rd
of March 3 , 2014
concerning: Adoption of the financial statements of Grupa LOTOS S.A. for 2013
In connection with Article 393.1 and Article 395.2 point 1 of the Commercial Companies Code, the
Management Board of Grupa LOTOS S.A., acting pursuant to Section 16.6 point 1 of the Company's
Articles of Association and Section 11.1 point 13 of the Rules of Procedure for the Management Board
of Grupa LOTOS S.A., hereby resolves as follows:
Section 1
1. The Management Board hereby adopts the financial statements of Grupa LOTOS S.A. for 2013,
comprising:
1)
the statement of comprehensive income for 2013, showing a net loss of PLN 14,774 thousand
and total comprehensive income of PLN 83,242 thousand,
2)
the statement of financial position as on December 31 , 2013, showing total assets and total
equity and liabilities of PLN 15,559,412 thousand,
3)
the statement of cash flows for 2013, showing a net increase in cash of PLN 186,122
thousand,
4)
the statement of changes in equity for 2013, showing an increase in equity of PLN 83,242
thousand,
5)
additional information and explanations.
st
2. The financial statements of Grupa LOTOS S.A. for 2013 are attached to this Resolution.
Section 2
Pursuant to Article 382.3 of the Commercial Companies Code and Section 13.2 points 5 and 6 of the
Company's Articles of Association, the Management Board hereby requests that the Supervisory
Board give its assessment of the financial statements of Grupa LOTOS S.A. for 2013.
Section 3
The Management Board hereby requests that the Annual General Meeting of Grupa LOTOS S.A.
approve the financial statements of Grupa LOTOS S.A. for 2013.
Section 4
This Resolution was adopted by the remote use of means of direct communication under Section 17.5
of the Rules of Procedure for the Management Board of Grupa LOTOS S.A.
Section 5
This Resolution shall become effective as of its date."
1.
2.
3.
4.
Votes in favour of the resolution:
Votes against the resolution:
Abstaining votes:
Dissenting opinion by:
______4________ Members of the Management Board
______0________ Members of the Management Board
______0________ Members of the Management Board
____none_______
Signatures of the Management Board Members present at the meeting:
President of the Board
Vice-President of the Management Board
Vice-President of the Management Board
Vice-President of the Management Board
-
Paweł Olechnowicz
Mariusz Machajewski
Zbigniew Paszkowicz
Marek Sokołowski