Latvijas Gaze

Earnings Release • Apr 28, 2012

About circumstances due to which the financial results of the Joint Stock Company "Latvijas Gāze" differ from the previous forecasts by more than 10% (under Sub-Article 1 of Article 14.8.4 of the NASDAQ OMX Riga regulations "On the inclusion and sale of financial instruments in the regulated stock exchange markets" of 18.05.2007).

The audited annual accounts for the year 2011 prepared in accordance with the International Financial Reporting Standards have the following changes in comparison with the published non-audited annual accounts 2011:

	Non-audited annual accounts 2011	Audited annual accounts 2011
1.	Profit or loss statement, "Other	Profit or loss statement, "Other income" -
	income" – LVL 4 059 thousand (EUR	LVL 2 781 thousand (EUR 3 957 thousand):
	5 776 thousand)	- the item "Other income" has been
		reduced by LVL 1 278 thousand (EUR
		1 819 thousand) (reshuffle (creation of
		balance for expenses of accruals for
		postemployment benefit liabilities and
		other liabilities towards employees) to
		the Production expenses, Administrative
		expenses and Other expenses of the Profit or loss statement);
2.	Joint income statement for the year	Joint income statement for the year 2011,
	2011, "Section chapter, net" – LVL 1	"Revaluation of fixed assets, net" – LVL 938
	706 thousand (EUR 2 427 thousand)	thousand (EUR 1 335 thousand):
		- see Paragraph 5 of Board report.
3.	Joint income statement for the year	Joint income statement for the year 2011,
	2011, "Excluded revaluated fixed	"Deferred tax liabilities from revaluation of
	assets" – LVL (256) thousand (EUR	fixed assets" – LVL (141) thousand
	(364) thousand)	(EUR (200) thousand):
		- see Paragraph 5 of Board report.
4.	Joint income statement for the year	Joint income statement for the year 2011,
	2011, "Net income directly admitted	"Net income directly admitted in equity" –
	in equity" – LVL 1 450 thousand	LVL 797 thousand (EUR 1 135 thousand):
	(EUR 2 063 thousand)	- see Paragraph 5 of Board report.