AB „SNAIGĖ“ - NASDAQ OMX Baltic

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Consolidated annual report for year 2008 Total amount of investment into material non current assets in 2007 was 23 656,3 thous LTL. 2008 main investment projects 1.558,4 thou. LTL were invested into new product development The most important projects are listed below: Refrigerator RF39 partially No Frost This is completely new type of refrigerator with combined refrigerating system. Fresh food storage section is with freezing system and cooling section – no frost refrigeration system with air circulation (don’t need to dissolve the freezer). Refrigerator RF34 SMEG This is an original refrigerator without some components, manufactured according clients wish ready for further manufacturing at clients (SMEG) plant. New RF design (ND) refrigerators with mechanical lighting management First ND refrigerators were manufactured with magnetic switch. This year was assimilated the simpler and more reliable management ND refrigerators with mechanical switch. New RF ND refrigerator range with transparent dish equipment This is a new design refrigerator with transparent doors and new colours array, providing clients with capability to choose various options 389.7 thou. LTL were invested in technology development program. These investments were allocated here: For installation of transparent containers these technological projects were accomplished: designed, produced and absorbed in the production of two new mouldings – 285 thou. LTL; absorption of the foundry shape with a hot touch – 7,5 thou. LTL; new drawing on containers machine TSQ80/60 – 2,1 thou. LTL; Refrigerator lighting mechanical control – 41,4 thou. LTL, mastered production of new connecting elements – 36,7 thou. LTL, bought and installed video cameras – 7,8 thou. LTL and some other technological projects – 9,3 thou. LTL. In addition to the development of new technologies in manufacturing refrigerators was also invested in other company activities: “Snaigė“ energy economic renewal for 2008 – 458,6 thou. LTL. Modernisation of electrical substation TP-5 was carried out as well as acquisition and implementation or new air conditioning system. Prepared by UAB FMĮ „Orion Securities“ p. 34
Consolidated annual report for year 2008 624,6 thou. LTL were directed towards production technical support program. The company acquired: guillotine shears, electric forklifts, and stand-pressure measuring instruments for calibration, equipment, other equipment and tools. Total 2008 investments were equal to 3,281 mln. LTL. 2009 main investment projects The investments in 2009 should reach not more than 1,8 mln. LTL. These investments will be for the current technical base efficiency maintenance. The investments will be financed from company’s working capital. 2.9.13 Environment report AB „Snaige“ is one of the most advanced manufacturing companies of Lithuania in the field of environment protection. Our vision – ecological products, clean technology and clean environment. The activities of the company are regulated by environment protection management system, which complies with international ISO 14001 standard requirements. The system is working since 1995, and last year certificate bureau Bureau Veritas Certification Lietuva has extended the validity of the system for additional three years. When developing a new product, the company gives a priority for the manufacturing processes which save raw materials, for safe transportation, waste elimination and quality of products. In manufacturing the company tries to use materials which later can be recycled. The company complies with European Parliament and European Commission directive 2005/32/EB, which regulated design of the products. “Snaigė” refrigerators are manufactured from ecological materials which do not have any harmful elements. For example, every plastic part of a refrigerator is marked (according to ISO), so that it can be reused one more time, recycle according to directive 2002/96/EB describing electrical and electronic equipment waste requirements. Technological product surface coating process is ecologically clean: solid covering and drying with natural gas is used. Cooling system is filled with natural cooling gas R600a, which do not deteriorate ozone and for insulation of the refrigerator no harmful ciklopentane is used. The major part of the AB „Snaige“ products are of highly power efficient class A and A+. Such refrigerator consumes up to 30% less electricity per year than other typical refrigerators. When buying refrigerators, customers are provided with information related to environment protection. It is advised, how to install, maintain a product so that it is used as long as possible and the impact on environment would be diminished. In addition to that, it is indicated how to utilize the product after it is no longer usable. Recycling companies are provided with information about dismantling of no longer usable products and their utilization. The company has old refrigerators utilization system. Starting with 2006 the company started to utilize large electric household equipment – refrigerators and fridges – waste. AB „Snaige“ fully complies with the requirement of Kyoto protocol about the global warming and climate change. Materials used in manufacturing do not deteriorate ozone and do not ad to global warming. The company saves electricity, water, heat: during decage the usage of these energy sources was decreased by three times. Prepared by UAB FMĮ „Orion Securities“ p. 35
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AB „SNAIGĖ“ - NASDAQ OMX Baltic

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