Finnlines - Company Announcement

FINNLINES WILL ENTER TONNAGE TAXATION AS FROM 1 JANUARY 2013

Helsinki,Finland, 2012-12-13 15:45 CET (GLOBE NEWSWIRE) -- Finnlines Plc  
Stock Exchange Release   December 13, 2012 at 16:45 





FINNLINES WILL ENTER TONNAGE TAXATION AS FROM 1 JANUARY 2013



The Finnish Parliament has approved the amended Tonnage Tax Act (476/2002), as
amended by the Act 90/2012 which entered into force on 1 March 2012. The
amended Act will be applied retroactively to taxation periods that have
commenced during calendar year 2011. 



Finnlines Plc's board has decided to enter into the tonnage taxation regime as
from 1 January 2013. 



In the tonnage taxation regime, the shipping operations will be transferred
from business taxation to tonnage-based taxation. As a consequence, the equity
share 75.5 % of the depreciation difference (approximately EUR 209 million as
of year 2011) recorded in the balance sheet of Finnlines Plc (the parent
company), will be entered in the equity. The recording has no effect on the
equity of the consolidated financial statements of the Finnlines Group. 



During the years 2013-2022, the deferred tax liability (24.5 %) of the
depreciation difference will be recorded through profit and loss account in
Finnlines Plc's and in Finnlines Group's financial statements. 



Finnlines Plc



The Board of Directors



                                            Uwe Bakosch

                                            President/CEO





Distribution



Nasdaq OMX Helsinki Ltd

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