Brief: Borgestad Properties receives notification from tax authorities

Borgestad ASA

03/07/2015 14:03

July 3 (Reuters) - Borgestad ASA  BOR.OL : 
    * Borgestad Properties AS, wholly owned subsidiary of Borgestad, has 
received notification from the tax authorities considering changing the tax 
return for the tax year 2013 
    * The consequence of the possible change will be a tax expense of 44 million 
Norwegian crowns ($5.51 million) and a corresponding reduction of recorded 
equity 
    * Does not agree with tax office evaluation 
 
Source text for Eikon:  ID:nObiVWtlNa  
     
Further company coverage:  BOR.OL  
 
($1 = 7.9827 Norwegian crowns) 
 
 (Gdynia Newsroom) 
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