P.G. NIKAS S.A.
Tax audit results
In application of the provisions of section 4.1.3.1 of the Athens Exchange new Rulebook and pursuant to article 10 par. 1 of law 3340/2005, P.G. NIKAS S.A. informs the investment community that on 15.04.2009 the company?s regular tax audit for fiscal years 2006 and 2007 was completed.
The results of the tax audit show Accounting Differences amounting to EUR 2.213.880,69 in addition to the non-recognized tax losses of the amount of EUR 1.196.080,94 of subsidiary NIKAS CRETE S.A., which was absorbed by the Company in 2006. The corresponding income tax of the above audit amounted to EUR 917.834,98 plus surtax amounting to EUR 197.186,84 and other taxes amounting to EUR 1.529,39 or the total amount of EUR 1.116.551,21.
The Company has already burdened the fiscal year (FY) 2008 financial statements with sufficient provisions amounting to EUR 1.100.000 and therefore the Company?s FY 2009 results will only be marginally affected by the amount of EUR 16.551,21
The results of the tax audit show Accounting Differences amounting to EUR 2.213.880,69 in addition to the non-recognized tax losses of the amount of EUR 1.196.080,94 of subsidiary NIKAS CRETE S.A., which was absorbed by the Company in 2006. The corresponding income tax of the above audit amounted to EUR 917.834,98 plus surtax amounting to EUR 197.186,84 and other taxes amounting to EUR 1.529,39 or the total amount of EUR 1.116.551,21.
The Company has already burdened the fiscal year (FY) 2008 financial statements with sufficient provisions amounting to EUR 1.100.000 and therefore the Company?s FY 2009 results will only be marginally affected by the amount of EUR 16.551,21