2021-02-12
Issuers will be able to choose a format of their annual reporting
When issuing their 2020 reports, the companies registered in Lithuania and licensed to trade their securities in the regulated markets will be able to choose to continue the production and publication of their reports in the same format as previously or to do it in the new format, i.e. the European Single Electronic Format (ESEF). The resolution adopted by the Board of the Bank of Lithuania indicates that the issuers will be required to prepare their annual reports for 2021 onwards in the ESEF format.
It was planned that the new electronic reporting format will be used for the annual reports of all the issuers in the European Union (EU) for the financial year starting on 1 January 2020 or later. However, considering the complex situation which resulted from the COVID-19 pandemic, the European Parliament and the Council of the EU decided to allow Member States to postpone the application of this requirement. Lithuania has decided to use this opportunity, thus a relevant resolution was adopted by the Board of the Bank of Lithuania.
The annual statements of the EU issuers produced in the new ESEF format will be comparable and similarly interpreted, reduce the likelihood of errors and will be processed digitally, thus providing the users of the financial reports with high-quality and comprehensive information to support their decision-making process.
The annual reports of the issuers together with the auditor’s report must be published within four months of the end of the financial year.
Collector and commemorative coins to be issued in 2022
Next year the Bank of Lithuania will issue eight euro collector coins of different denominations, three €2 commemorative coins with the Lithuanian national side and a numismatic set of euro circulation coins. Such a decision was made by the Board of the Bank of Lithuania, which approved the plan for coin issue in 2022.
Continuing the coin series “Tales from My Childhood”, a €5 silver coin and a €1.50 coin minted from a non-ferrous metal alloy dedicated to the fairy tale “Zuikis puikis” will be issued in the first quarter of 2022.
In the second quarter of 2022, the Bank of Lithuania will issue a €10 silver coin dubbed “There Is No Planet B”, which will be dedicated to environmental protection, and a €2 commemorative coin celebrating 100 years of basketball in Lithuania.
In the third quarter of 2022, the Bank of Lithuania plans to issue a €50 gold coin dedicated to the centenary of the Constitution of the State of Lithuania, a €50 gold coin, a €20 silver coin and a €1.50 coin minted from a non-ferrous metal alloy dedicated to the 100th anniversary of the Bank of Lithuania, and a €2 commemorative coin celebrating the 35th anniversary of the Erasmus Programme. The latter will be issued together with the other member states of the euro area by the initiative of the European Commission.
In the fourth quarter of 2022, the Bank of Lithuania will issue a €20 silver coin dedicated to artificial intelligence and a €2 commemorative coin dedicated to the region of Suvalkija, in continuation of the series “Lithuanian Ethnographic Regions”.
The 2022-issue numismatic set of euro circulation coins, consisting of 1, 2, 5, 10, 20, 50 euro cent, €1 and €2 circulation coins with the Lithuanian national side, will be issued in the first quarter of 2022.