Brief: BaFin Says Nagarro 2022 Financial Report Contains Errors
BRIEF-BaFin Says Nagarro 2022 Financial Report Contains Errors July 15 (Reuters) - 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)
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