Brief: EAC Invest Win Two Tax Cases In The National Tax Court

Det Oestasiatiske Kompagni A/S

27/11/2019 14:03

Nov 27 (Reuters) - EAC Invest AS  EACI.CO :
    * REG-EAC INVEST WIN TWO TAX CASES IN THE NATIONAL TAX COURT
(LANDSSKATTERETTEN) - COMPANY ANNOUNCEMENT NO 21/2019
    * EAC INVEST HAS BEEN INFORMED THAT NATIONAL TAX COURT
(LANDSSKATTERETTEN) HAS DECIDED IN FULL IN FAVOUR OF COMPANY IN
TWO REMAINING TAX CASES
    * IF ALL CASES ARE ULTIMATELY WON, THIS IS ESTIMATED TO HAVE
A
POSITIVE CASH IMPACT OF AROUND DKK 9M
    * IF ALL CASES ARE ULTIMATELY WON  WILL HAVE TOTAL TAX
LOSSES
CARRIED FORWARD ESTIMATED OF AROUND DKK 85M.
    * IF ALL CASES, CONTRARY TO EXPECTATIONS, ARE LOST, IT WILL
ELIMINATE CARRIED FORWARD LOSSES AND RESULT IN A SUBSTANTIAL
NEGATIVE CASH FLOW IMPACT, WHICH WILL CAUSE SIGNIFICANT
UNCERTAINTY AROUND COMPANY'S GOING CONCERN

Source text for Eikon:  ID:nGNE7CNl45 
Further company coverage:  EACI.CO 

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