Brief: Aumann AG Announces Recognition Of Error Detection Following FREP Sample Audit

Aumann AG

27/01/2020 19:42

Jan 27 (Reuters) - Aumann AG  AAGG.DE :
    * RECOGNITION OF AN ERROR DETECTION FOLLOWING A FREP SAMPLE
AUDIT
    * AMENDMENT OF CONSOLIDATED FINANCIAL STATEMENTS OF 2017 TO
ACCOUNT FOR TRANSACTION COSTS IN CONNECTION WITH IPO
    * WITHIN SCOPE OF SAMPLE AUDIT, FINANCIAL REPORTING
ENFORCEMENT
PANEL ("FREP") EXAMINED CONSOLIDATED FINANCIAL STATEMENTS OF CO
AS OF 31 DEC 2017
    * FREP CONCLUDED DISCLOSURE OF ONE-TIME TRANSACTION COSTS IN
CONNECTION WITH AUMANN'S INITIAL PUBLIC OFFERING ARE PARTIALLY
INCORRECT
    * FREP CONCLUDED THAT REPORTED EARNINGS BEFORE TAXES IN
CONSOLIDATED FINANCIAL STATEMENTS FOR FISCAL YEAR 2017 ARE TOO
HIGH
    * FREP SAID CONCLUDING STATEMENT IN DEPENDENCY REPORT MADE
BY
MANAGEMENT BOARD WAS NOT PART OF 2017 COMBINED MANAGEMENT &
GROUP MANAGEMENT REPORT
    * NEED FOR AMENDMENTS IDENTIFIED BY FREP HAVE NO IMPACT ON
CO'S
AMOUNT OF EQUITY,LIQUIDITY,NET LIQUIDITY IN 2017 CONSOLIDATED
FINANCIAL STATEMENT
    * ERROR DETECTION HAS NO EFFECTS ON SUBSEQUENT ANNUAL
CONSOLIDATED
FINANCIAL STATEMENTS
    * MANAGEMENT BOARD ACCEPTS FREP'S DECISION
    * FREP DETECTED IN CONSOLIDATED INCOME STATEMENT FOR FY 2017
OF
CO, BEELEN, PRE-TAX PROFIT IS ABOUT EUR 13.0 MILLION TOO HIGH

Source text for Eikon:  ID:nEQ5QYTcba 
Further company coverage:  AAGG.DE 

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