Completion of Tax Audit for the fiscal years 2003 to 2006 and its subsidiaries that have been merged into the Bank until the end of 2004
Emporiki Bank of Greece S.A announces, pursuant to article 276 of the Athens Stock Exchange Regulation, that, last week, the Tax Audit of the following entities was completed:
a) Emporiki Bank for the fiscal years 2003 to 2006 and
b) Subsidiaries merged into the Bank until the end of 2004:
1) Emporiki Factoring S.A (fiscal years 2002 - 2004)
2) Emporiki Venture Capital S.A (fiscal years 2002 - 2004)
3) Cadmus Investment Initiatives S.A (fiscal years 2003 - 2004)
4) Cadmus Business Enterprises S.A (fiscal years 2003 - 2004)
5) Cadmus Investments and Consulting Services S.A (fiscal years 2003 - 2004)
6) Emporiki Investment Fund S.A (fiscal years 2001 - 2004).
As a result of the above tax audit, an amount of expenses has been disallowed as qualifying tax deductible expenses, and, consequently, an additional amount of income tax burden has been incurred and paid, totaling to 10,1 mil. euros. This amount had been provided through the P & L of the Bank, during the previous fiscal years.