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NA9 — Nagarro SE News Story

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Brief: BaFin Says Nagarro 2022 Financial Report Contains Errors

BRIEF-BaFin Says Nagarro 2022 Financial Report Contains Errors

- NAGARRO SE NA9n.DE:

  • BAFIN ON NAGARRO'S 2022 FINANCIAL STATEMENT - HAS DETERMINED THE REPORT CONTAIN ERRORS

  • BAFIN - SEGMENT REPORTING DID NOT DISCLOSE THE SALES REVENUES SUFFICIENTLY WITH REGARD TO THE GEOGRAPHICAL BREAKDOWNS

  • BAFIN - CASE OF TWO COMPANY ACQUISITIONS, TRANSFERRED CONSIDERATION WAS NOT CORRECTLY DETERMINED AND ALLOCATION TO ACQUIRED ASSETS WAS INCORRECTLY CARRIED OUT

  • BAFIN ON NAGARRO - REVENUES WERE NOT SYSTEMATICALLY RECORDED ACCORDING TO THE PRESCRIBED FIVE-STEP MODEL

  • BAFIN ON NAGARRO - IT WAS NOT POSSIBLE TO VERIFY WHETHER THE REVENUES OF €856.3 MILLION WERE CORRECTLY RECORDED AND BOOKED AT THE CORRECT TIME

  • BAFIN ON NAGARRO - GOODWILL WAS OVERSTATED BY €12.5 MILLION AND €2.2 MILLION, RESPECTIVELY, AT THE RESPECTIVE ACQUISITION DATES

Further company coverage: [NA9n.DE]


(Gdansk Newsroom)

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

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