CHEMOSERVIS-DWORY SA (19/2018) decision of the Company's Management Board on the creation of revaluation write-downs and provisions

The Management Board of Chemoservis-Dwory S.A. ("Issuer", "Company"), in the face of a difficult financial situation and the need to revaluate the value of the Company's assets, also dictated by an allowance created by a subsidiary (RB No. 17/2018 dated 25 April), decided to write down the following revaluation write-downs in the Company's accounting books as at December 31, 2017: 1. value of shares in subsidiaries for a total amount of PLN 21,577,220.00 2. the value of loans granted to subsidiaries for a total amount of PLN 6,121.572.77 3. the value of receivables whose probability of recovery by the Company is low, for the total amount of PLN 710,568.58 and as at March 31, 2018, a revaluation write-down of loans granted to subsidiaries and entry of a write-off in the Company's accounting books as at March 31, 2018 General amount: PLN 660,984.93 The Issuer's Management Board decided to create on December 31, 2017 a provision for contractual penalty under the agreement No. 172 / Chemoservis / Desox Denox / 2013 for the construction of a desulphurisation and denitrogenisation system for flue gas from the boiler No. 9 implemented for Synthos Dwory 7 Sp. z o.o. Sp. J. for an amount of PLN 3,280,000.00. The Issuer's Management Board also announces that the financial statements for 2017: individual and consolidated are audited by a certified auditor, therefore the amounts disclosed in this current report are subject to change. . The final values ​​will be presented in the Issuer's separate financial statements as well as in the consolidated financial statements of the Chemoservis-Dwory Capital Group, the publication of which is expected to be held on June 18, 2018.

Source: company website, investor relations, current and periodic reports.

Company information
Company name:Chemoservis-Dwory SA
Adress: ul. Chemików 1 32-600 Oświęcim
Phone:+48 33 8472062

Copyright © 2017 PolandStockExchange
This website uses cookies (Regulations / Cookie Policy).