Brief: Aqua Bio Technology Gets Notice Of Decision By Financial Supervisory Authority Of Norway

Aqua Bio Technology ASA

21/01/2020 10:09

Jan 21 (Reuters) - Aqua Bio Technology ASA  ATBT.OL :
    * REG-ABT: NOTICE OF DECISION BY THE FINANCIAL SUPERVISORY
AUTHORITY OF NORWAY
    * FINANSTILSYNET HAS NOTIFIED ABT THAT IT WILL ORDER COMPANY
TO
WRITE DOWN INVENTORY TO NOK 0 PER 31 DECEMBER, 2018
    * DECIDED TO WRITE DOWN INVENTORY TO NOK 0 PER 31 DECEMBER,
2019
    * VALUE IS POTENTIALLY HIGHER BUT AS SALES VOLUMES ARE LOW,
VALUE
WILL BE SET TO NOK 0
    * FINANSTILSYNET ORDERS CO TO RECTIFY VALUATION OF INVENTORY
IN
ACCORDANCE WITH IAS 8

Source text for Eikon:  ID:nGNEbD4SBm 
Further company coverage:  ATBT.OL 

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