Brief: MyFirstApp Sweden AB Says Impairment Of Value Of Shares In Subsidiary MyFirstApp Group And Oy 10monkeys.Com Ltd About SEK 11.6 Mln

Solution International Nordics AB (publ)

10/01/2024 17:02

Jan 10 (Reuters) - MyFirstApp Sweden AB (publ)  MFA.TE :
    * WRITE-DOWN OF SHARES IN SUBSIDIARIES
    * IDENTIFIED AN IMPAIRMENT NEED IN CONNECTION WITH ONGOING
PREPARATION OF FINANCIAL STATEMENTS
    * IMPAIRMENT NEGATIVELY AFFECTS PARENT COMPANY'S EQUITY AND
RESULTS FOR Q4 OF 2023
    * IMPAIRMENT DOES NOT AFFECT COMPANY'S CASH FLOW
    * MYFIRSTAPP SWEDEN - IMPAIRMENT NEGATIVELY AFFECTS PARENT
COMPANY'S EQUITY AND RESULTS FOR Q4 OF 2023 BUT HAS NO IMPACT ON
GROUP'S OVERALL RESULTS
    * MYFIRSTAPP SWEDEN - SHARES IN SUBSIDIARY MYFIRSTAPP GROUP
S AB
WILL BE RECORDED AT A VALUE OF APPROXIMATELY SEK 14.3 MILLION
    * IMPAIRMENT OF VALUE OF SHARES IN SUBSIDIARY MYFIRSTAPP
GROUP 
AND OY 10MONKEYS.COM LTD  APPROXIMATELY SEK 11.6 MILLION
    * MYFIRSTAPP SWEDEN - AFTER IMPAIRMENT, SHARES IN SUBSIDIARY
OY
10MONKEYS.COM LTD WILL BE RECORDED AT A VALUE OF APPROXIMATELY
SEK 9.0 MILLION

Source text for Eikon:  ID:nWkr1SdQmf 
Further company coverage:  MFA.TE 

 ((Reuters.Briefs@thomsonreuters.com;))