F.G. EUROPE Α.Ε.
Announcement
In accordance with Section 4.1.3.1 of the Athens Exchange Rulebook, FG EUROPE S.A. proceeds to the following announcement: The Company has been audited for the Fiscal Year 2006 and Fiscal Year 2007. The audit has been completed and evidenced audit differences in the total amount of Euro 1,334,888.64, resulting to income tax in the amount of Euro 368,692.74 plus augmentation of Euro 80,752.31, or Euro 449,445.05 in total.
The audit has acknowledged provisions made by the Company for FY 2007 in the amount of Euro 506,670.51. This amount is available to carry forward in FY 2008 and offset against tax liabilities for the FY 2008, decreasing the total amount of tax liabilities for FY 2008 by Euro 126,667.63.
The Company has already forecasted provisions for contingent tax liabilities for FY 2006 and FY 2007, in the amount of Euro 150,092.00.
Thus, tax liabilities of the Company for FY 2008 amount to Euro 172,685.42, plus augmentation of Euro 4,117.91 resulting from differences observed in VAT audit (due to calculation on a pro rata basis), or Euro 176,803.33 in total.
The audit has acknowledged provisions made by the Company for FY 2007 in the amount of Euro 506,670.51. This amount is available to carry forward in FY 2008 and offset against tax liabilities for the FY 2008, decreasing the total amount of tax liabilities for FY 2008 by Euro 126,667.63.
The Company has already forecasted provisions for contingent tax liabilities for FY 2006 and FY 2007, in the amount of Euro 150,092.00.
Thus, tax liabilities of the Company for FY 2008 amount to Euro 172,685.42, plus augmentation of Euro 4,117.91 resulting from differences observed in VAT audit (due to calculation on a pro rata basis), or Euro 176,803.33 in total.