Brief: SNP Schneider Neureither & Partner - German Financial Reporting Enforcement Panel Has Determined That Consolidated Financial Statements Of SNP As Of December 31, 2019 Are Incorrect
23/11/2021 15:52
Nov 23 (Reuters) - SNP SCHNEIDER NEUREITHER & PARTNER SE
SHFG.DE :
* GERMAN FINANCIAL REPORTING ENFORCEMENT PANEL (FREP) HAS
DETERMINED THAT THE CONSOLIDATED FINANCIAL STATEMENTS OF SNP
SCHNEIDER-NEUREITHER & PARTNER SE, HEIDELBERG, AS OF THE
REPORTING DATE OF DECEMBER 31, 2019 ARE INCORRECT
* IN CONNECTION WITH THE LONG-TERM LEASE OF PREMISES IN A
PROPERTY
IN THE USA, THE RIGHTS OF USE WITHIN THE SCOPE OF IFRS 16 ARE
OVERSTATED BY €3.6 MILLION
* DUE TO THE UNRECOGNIZED FUTURE HIGHER INTEREST CHARGE ON
PROMISSORY NOTE LOANS, FINANCIAL LIABILITIES AS OF DECEMBER 31,
2019 AND THE INTEREST EXPENSE FOR 2019 ARE EACH UNDERSTATED BY
€0.2 MILLION
* DUE TO AN INCORRECT ALLOCATION OF PERSONNEL COSTS TO THE
SEGMENTS, THE SEGMENT RESULT FOR THE SERVICE SEGMENT IS
OVERSTATED BY €0.5 MILLION AND THE SEGMENT RESULT FOR THE
SOFTWARE SEGMENT IS UNDERSTATED BY €0.5 MILLION IN THE SEGMENT
REPORTING
Source text for Eikon: ID:nEQbGZ7Z5a
Further company coverage: SHFG.DE
(Gdansk Newsroom)
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