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: br> 1. value of shares in subsidiaries for a total amount of PLN 21,577,220.00 br> 2. the value of loans granted to subsidiaries for a total amount of PLN 6,121.572.77 br> 3. the value of receivables whose probability of recovery by the Company is low, for the total amount of PLN 710,568.58 br> 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 br> 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. Br> 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. Br>
Source: company website, investor relations, current and periodic reports.