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H9Y — HanseYachts AG News Story

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Brief: HanseYachts Reported Incorrect Consolidated Financial Statements In 2019 According To German Financial Reporting Enforcement Panel

Nov 18 (Reuters) - HANSEYACHTS AG  H9YG.DE :
    * GERMAN FINANCIAL REPORTING ENFORCEMENT PANEL HAS
DETERMINED THAT
CONSOLIDATED FINANCIAL STATEMENTS AS OF REPORTING DATE OF JUNE
30, 2019 OF HANSEYACHTS AG, GREIFSWALD, ARE INCORRECT
    * MATERIAL BUSINESS ACQUISITION THAT TOOK PLACE IN FISCAL
YEAR,
WHICH RESULTED IN GOODWILL IN AMOUNT OF EUR 17 MILLION
    * WAS NOT RECOGNIZED IN NOTES AS A RELATED PARTY TRANSACTION
IN
ACCORDANCE WITH IAS 24
    * AS SELLER IS A SUBSIDIARY OF PARENT COMPANY, OF
HANSEYACHTS
GROUP

Source text for Eikon:  ID:nEQ7M45lga 
Further company coverage:  H9YG.DE 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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