Brief: All In! Games Books Total 14.3 Mln Zloty Write-Downs On Selected Games

All In! Games SA

06/02/2023 06:59

Feb 6 (Reuters) - All In! Games SA  ALGP.WA :
    * SAID ON FRIDAY THAT IT HAS DECIDED TO BOOK WRITE-DOWNS ON
SELECTED GAMES FROM COMPANY'S PORTFOLIO
    * TOTAL VALUE OF WRITE-DOWNS AMOUNTS TO 14.3 MILLION ZLOTYS
AND
WILL IMPACT COMPANY'S 2022 NET RESULT
    * WRITE-DOWNS DO NOT IMPACT COMPANY'S LIQUIDITY SITUATION
    * THE DECISION TO BOOK WRITE-DOWNS ON THE INTANGIBLE ASSETS
OF
SELECTED GAMES WAS PRECEDED BY DETAILED ANALYSES OF SALES OF
INDIVIDUAL TITLES FROM THE PORTFOLIO 
    * THE DECISION TO BOOK WRITE-DOWNS ON EXPENSES ON INTANGIBLE
ASSETS IS THE RESULT OF A RISK ASSESSMENT OF NOT EARNING REVENUE
FROM INDIVIDUAL GAMES OR IS RELATED TO THE TERMINATION OF THE
PROJECT DUE TO ECONOMIC UNPROFITABILITY

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM37QYNGa
 Further company coverage:  ALGP.WA  
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