Brief: SNP Corrects Valuations for Right-Of-Use Assets for Real Estate in the U.S. for 2019
18/03/2021 07:11
March 18(Reuters) - SNP SCHNEIDER SHFG.DE :
* SAID ON WEDNESDAY DETERMINES THAT VALUATIONS FOR
RIGHT-OF-USE
ASSETS FROM LEASE AGREEMENTS FOR A REAL ESTATE IN THE U.S. HAD
TO BE CORRECTED DOWNWARD BY EUR 3.6 MILLION IN THE COMPARATIVE
INFORMATION FROM 2019 FY
* ACCORDINGLY, THIS TRANSLATES TO A CORRECTED EBIT OF EUR
3.4
MILLION FOR THE COMPARATIVE PERIOD 2019 VS ORIGINALLY EUR 7.0
MILLION
* THESE ADJUSTMENTS HAVE NO NEGATIVE IMPACT ON THE RESULTS
OF THE
2020 FISCAL YEAR OR ON THE FISCAL YEAR IN PROGRESS
* BASED ON FINDINGS, BOD ALSO EXPANDED SCOPE OF AUDIT FOR
2020
ANNUAL FINANCIAL STATEMENTS
* DUE TO ADDITIONAL AUDIT PROCEDURES, PUBLICATION OF
CONSOLIDATED
FINANCIAL STATEMENTS HAS BEEN POSTPONED TO APRIL 21, 2021
Source text for Eikon: urn:newsml:reuters.com:*:nEQ9Hmstqa
Further company coverage: SHFG.DE
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00))