TELETIPOS S.A.
Notification
We announce that the following have been taken under consideration for the valuation of the investment in associated companies:
a. The size of the investment,
b. The Net position of Logos at the time of the acquisition which was at zero level,
c. The Revenues and Costs only for the TV station,
d. The financial results of Logos (TV station only).
The valuation of the investment has been estimated at acquisition cost. The negative results (accumulated losses at 30/6/2006 £ 114,163 or approximately 200,000 euro and revenues at 30/6/2006 £ 4,152,642 or 7,185,00 euro) considered as temporary and non-significant for the size of Teletypos S.A. The management foreseeing the positive prospects as well as the size of the investment maintained the policy of valuating Logos at acquisition cost.
a. The size of the investment,
b. The Net position of Logos at the time of the acquisition which was at zero level,
c. The Revenues and Costs only for the TV station,
d. The financial results of Logos (TV station only).
The valuation of the investment has been estimated at acquisition cost. The negative results (accumulated losses at 30/6/2006 £ 114,163 or approximately 200,000 euro and revenues at 30/6/2006 £ 4,152,642 or 7,185,00 euro) considered as temporary and non-significant for the size of Teletypos S.A. The management foreseeing the positive prospects as well as the size of the investment maintained the policy of valuating Logos at acquisition cost.