2010-02-18 12:04:36 CET
2010-02-18 12:05:21 CET
REGULATED INFORMATION
Neomarkka - Company Announcement
RESTATEMENT TO NEOMARKKA´S INTERIM REVIEWS 2009
Neomarkka Plc STOCK EXHANGE REVIEW February 18, 2010 at 13.05 RESTATEMENT TO NEOMARKKA´S INTERIM REVIEWS 2009 Neomarkka acquired OAO Expokabel in August 2008 and its share in January 2009. The original purchase price allocation had been partially faulty. The relative minority share had not been considered in the net assets according to IFRS 3. Both the Stock Exchange Review regarding closing of the books and the Financial Statement 2009 show the faulty and restated preliminary purchase price allocation presented in Financial Statement 2008. The Closing of the books Stock Exchange Review will be published Februay 18, 2010. The restatements to the interim reports in 2009 are presented below. The Consolidated Balance Sheet of each interim report is presented with both published and restated figures and the effects of restatement is shown. In Q3 2009 interim report´s balance sheet there was also a false transfer within non-current assets. However, Neomarkka´s shares in associates has been zero since the Q1 2009. The incorrect booking has been corrected to the Consolidated Balance Sheet Q3 below. -------------------------------------------------------------------------------- | CONSOLIDATED BALANCE SHEET (IFRS) | Published | Restated | Restatement | -------------------------------------------------------------------------------- | EUR 1,000 | 31.3.2009 | 31.3.2009 | effects | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | ASSETS | | | | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | NON-CURRENT ASSETS | | | | -------------------------------------------------------------------------------- | Goodwill | 4,530 | 4,530 | 0 | -------------------------------------------------------------------------------- | Other intangible assets | 6,582 | 7,269 | 686 | -------------------------------------------------------------------------------- | Tangible assets | 33,544 | 34,351 | 807 | -------------------------------------------------------------------------------- | Receivables | 414 | 414 | 0 | -------------------------------------------------------------------------------- | Deferred tax assets | 1,175 | 1,175 | 0 | -------------------------------------------------------------------------------- | Total non-current assets | 46,246 | 47,739 | 1,493 | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | Current assets | | | | -------------------------------------------------------------------------------- | Inventories | 17,981 | 17,981 | 0 | -------------------------------------------------------------------------------- | Available-for-sale financial assets | 3,733 | 3,733 | 0 | -------------------------------------------------------------------------------- | Sales receivables and other | 11,588 | 11,588 | 0 | | receivables | | | | -------------------------------------------------------------------------------- | Tax receivables from the profit | 351 | 351 | 0 | -------------------------------------------------------------------------------- | Cash and cash equivalents | 19,041 | 19,041 | 0 | -------------------------------------------------------------------------------- | Total current assets | 52,694 | 52,694 | 0 | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | Total assets | 98,940 | 100,433 | 1,493 | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | SHAREHOLDERS' EQUITY AND LIABILITIES | | | | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | Shareholders' equity | | | | -------------------------------------------------------------------------------- | Share capital | 24,082 | 24,082 | 0 | -------------------------------------------------------------------------------- | Premium fund | 66 | 66 | 0 | -------------------------------------------------------------------------------- | Reserve fund | 1,221 | 1,221 | 0 | -------------------------------------------------------------------------------- | Retained profit | 3,319 | 3,300 | -19 | -------------------------------------------------------------------------------- | Other unrestricted equity | 21,327 | 21,327 | 0 | -------------------------------------------------------------------------------- | Equity attributable to shareholders | 50,015 | 49,996 | -19 | | of the parent company | | | | -------------------------------------------------------------------------------- | Minority interest | 105 | 1,205 | 1,101 | -------------------------------------------------------------------------------- | Total shareholders' equity | 50,120 | 51,201 | 1,081 | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | Non-current liabilities | | | | -------------------------------------------------------------------------------- | Deferred tax liabilities | 3,729 | 4,141 | 413 | -------------------------------------------------------------------------------- | Provisions | 810 | 810 | 0 | -------------------------------------------------------------------------------- | Interest-bearing liabilities | 21,083 | 21,083 | 0 | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | Current liabilities | | | | -------------------------------------------------------------------------------- | Tax liabilities from the profit | 140 | 140 | 0 | -------------------------------------------------------------------------------- | Reserves | 163 | 163 | 0 | -------------------------------------------------------------------------------- | Short-term interest-bearing | 10,341 | 10,341 | 0 | | liabilities | | | | -------------------------------------------------------------------------------- | Accounts payable and other | 12,554 | 12,554 | 0 | | liabilities | | | | -------------------------------------------------------------------------------- | Total liablities | 48,820 | 49,232 | 412 | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | Shareholders' equity and liabilities | 98,940 | 100,433 | 1,493 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | CONSOLIDATED BALANCE SHEET (IFRS) | Published | Restated | Restatement | -------------------------------------------------------------------------------- | EUR 1,000 | 30.6.2009 | 30.6.2009 | effects | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | ASSETS | | | | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | NON-CURRENT ASSETS | | | | -------------------------------------------------------------------------------- | Goodwill | 3,354 | 3,354 | 0 | -------------------------------------------------------------------------------- | Other intangible assets | 6,752 | 7,456 | 704 | -------------------------------------------------------------------------------- | Tangible assets | 31,702 | 32,490 | 789 | -------------------------------------------------------------------------------- | Receivables | 403 | 403 | 0 | -------------------------------------------------------------------------------- | Deferred tax assets | 1,315 | 1,315 | 0 | -------------------------------------------------------------------------------- | Total non-current assets | 43,526 | 45,019 | 1,493 | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | Current assets | | | | -------------------------------------------------------------------------------- | Inventories | 18,157 | 18,157 | 0 | -------------------------------------------------------------------------------- | Available-for-sale financial assets | 3,733 | 3,733 | 0 | -------------------------------------------------------------------------------- | Sales receivables and other | 12,910 | 12,910 | 0 | | receivables | | | | -------------------------------------------------------------------------------- | Tax receivables from the profit | 130 | 130 | 0 | -------------------------------------------------------------------------------- | Cash and cash equivalents | 18,214 | 18,214 | 0 | -------------------------------------------------------------------------------- | Total current assets | 53,143 | 53,143 | 0 | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | Total assets | 96,669 | 98,162 | 1,493 | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | SHAREHOLDERS' EQUITY AND LIABILITIES | | | | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | Shareholders' equity | | | | -------------------------------------------------------------------------------- | Share capital | 24,082 | 24,082 | 0 | -------------------------------------------------------------------------------- | Premium fund | 66 | 66 | 0 | -------------------------------------------------------------------------------- | Reserve fund | 1,221 | 1,221 | 0 | -------------------------------------------------------------------------------- | Translation differences | -2,486 | -2,486 | 0 | -------------------------------------------------------------------------------- | Retained profit | 2,317 | 2,242 | -75 | -------------------------------------------------------------------------------- | Other unrestricted equity | 21,327 | 21,327 | 0 | -------------------------------------------------------------------------------- | Equity attributable to shareholders | 46,527 | 46,453 | -74 | | of the parent company | | | | -------------------------------------------------------------------------------- | Minority interest | 94 | 1,286 | 1,192 | -------------------------------------------------------------------------------- | Total shareholders' equity | 46,621 | 47,739 | 1,118 | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | Non-current liabilities | | | | -------------------------------------------------------------------------------- | Deferred tax liabilities | 3,879 | 4,254 | 375 | -------------------------------------------------------------------------------- | Provisions | 820 | 820 | 0 | -------------------------------------------------------------------------------- | Interest-bearing liabilities | 19,727 | 19,727 | 0 | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | Current liabilities | | | | -------------------------------------------------------------------------------- | Tax liabilities from the profit | 448 | 448 | 0 | -------------------------------------------------------------------------------- | Reserves | 163 | 163 | 0 | -------------------------------------------------------------------------------- | Short-term interest-bearing | 11,215 | 11,215 | 0 | | liabilities | | | | -------------------------------------------------------------------------------- | Accounts payable and other | 13,796 | 13,796 | 0 | | liabilities | | | | -------------------------------------------------------------------------------- | Total liablities | 50,048 | 50,423 | 375 | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | Shareholders' equity and liabilities | 96,669 | 98,162 | 1,493 | -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- | CONSOLIDATED BALANCE SHEET (IFRS) | Published | Restated | Restatement | -------------------------------------------------------------------------------- | EUR 1,000 | 30.9.2009 | 30.9.2009 | effect | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | ASSETS | | | | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | NON-CURRENT ASSETS | | | | -------------------------------------------------------------------------------- | Goodwill | 3,517 | 3,588 | 71 | -------------------------------------------------------------------------------- | Other intangible assets | 6,565 | 7,429 | 864 | -------------------------------------------------------------------------------- | Tangible assets | 31,359 | 32,075 | 716 | -------------------------------------------------------------------------------- | Shares in associates | 202 | 0 | -202 | -------------------------------------------------------------------------------- | Receivables | 338 | 338 | 0 | -------------------------------------------------------------------------------- | Deferred tax assets | 1,616 | 1,616 | 0 | -------------------------------------------------------------------------------- | Total non-current assets | 43,596 | 45,046 | 1,449 | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | Current assets | | | | -------------------------------------------------------------------------------- | Inventories | 16,897 | 16,897 | 0 | -------------------------------------------------------------------------------- | Available-for-sale financial assets | 3,733 | 3,733 | 0 | -------------------------------------------------------------------------------- | Sales receivables and other | 16,278 | 16,278 | 0 | | receivables | | | | -------------------------------------------------------------------------------- | | | | 0 | -------------------------------------------------------------------------------- | Tax receivables from the profit | 98 | 98 | 0 | -------------------------------------------------------------------------------- | Other financial assets | 4,970 | 4,970 | 0 | -------------------------------------------------------------------------------- | Cash and cash equivalents | 7,092 | 7,092 | 0 | -------------------------------------------------------------------------------- | Total current assets | 49,068 | 49,068 | 0 | -------------------------------------------------------------------------------- | | | | 0 | -------------------------------------------------------------------------------- | Total assets | 92,664 | 94,113 | 1,449 | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | SHAREHOLDERS' EQUITY AND LIABILITIES | | | | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | Shareholders' equity | | | | -------------------------------------------------------------------------------- | Share capital | 24,082 | 24,082 | 0 | -------------------------------------------------------------------------------- | Premium fund | 66 | 66 | 0 | -------------------------------------------------------------------------------- | Reserve fund | 1,221 | 1,221 | 0 | -------------------------------------------------------------------------------- | Translation differences | -2,413 | -2,413 | 0 | -------------------------------------------------------------------------------- | Retained profit | 1,111 | 1,057 | -54 | -------------------------------------------------------------------------------- | Other unrestricted equity | 21,327 | 21,327 | 0 | -------------------------------------------------------------------------------- | Equity attributable to shareholders | 45,394 | 45,340 | -54 | | of the parent company | | | | -------------------------------------------------------------------------------- | Minority interest | 57 | 1,239 | 1,181 | -------------------------------------------------------------------------------- | Total shareholders' equity | 45,452 | 46,579 | 1,127 | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | Non-current liabilities | | | | -------------------------------------------------------------------------------- | Deferred tax liabilities | 2,936 | 3,257 | 322 | -------------------------------------------------------------------------------- | Provisions | 629 | 629 | 0 | -------------------------------------------------------------------------------- | Interest-bearing liabilities | 19,533 | 19,533 | 0 | -------------------------------------------------------------------------------- | Muut velat | 0 | | 0 | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | Current liabilities | | | | -------------------------------------------------------------------------------- | Tax liabilities from the profit | 817 | 817 | 0 | -------------------------------------------------------------------------------- | Reserves | 163 | 163 | 0 | -------------------------------------------------------------------------------- | Short-term interest-bearing | 8,682 | 8,682 | 0 | | liabilities | | | | -------------------------------------------------------------------------------- | Derivative contracts | | | | -------------------------------------------------------------------------------- | Accounts payable and other | 14,452 | 14,452 | 0 | | liabilities | | | | -------------------------------------------------------------------------------- | Total liablities | 47,212 | 47,534 | 322 | -------------------------------------------------------------------------------- | | | | | -------------------------------------------------------------------------------- | Shareholders' equity and liabilities | 92,664 | 94,113 | 1,449 | -------------------------------------------------------------------------------- Neomarkka Oyj Sari Tulander CFO Further information: Sari Tulander, CFO, Tel. +358 20 720 9192 www.neomarkka.fi Neomarkka Plc is an investment company that invests mainly in industrial companies with similar synergic benefits. The aim of investments is with active ownership to develop the purchased companies and establish additional value. Returns are sought both through dividend flow and an increase in value. The company may also invest in listed and unlisted securities and in real estates. Neomarkka's B shares are listed on the NASDAQ OMX Helsinki Oy main market.
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