This site uses cookies. Details can be found on the subpage Privacy Policy.

 

Current Report No.: 4/2018

Title: Notification about preliminary results of works related to impairment tests, resulting in a probable reversal of impairment losses on shares in Enea Wytwarzanie Sp. z o.o. in non-consolidated financial statements
Date: 2018.21.02
Report no.:  Current Report No.: 4/2018

Current Report No.: 4/2018

Date of preparation: February 21st, 2018

Short name of issuer: Enea S.A.

Subject: Notification about preliminary results of works related to impairment tests, resulting in a probable reversal of impairment losses on shares in Enea Wytwarzanie Sp. z o.o. in non-consolidated financial statements

Legal basis: Article 17, Section 1 of the Market Abuse Regulation - confidential information

Content of report:

The Management Board of Enea S.A. (Issuer, Company) in relation to the current report No. 10/2016 of March 4, 2016 informs that in connection with the preliminary results of works related to impairment tests for shares in Enea Wytwarzanie Sp. z o.o. in accordance with the requirements of IAS 36, on February 21, 2018, it was informed about the probable need to include in the books of the Issuer PLN 879.27 million due to the reversal of write-downs of the balance sheet value of shares in Enea Wytwarzanie Sp. z o.o. made in previous years.

At the same time, the Issuer points out that the above-mentioned operation is of an accounting nature, does not affect the liquidity position of the Company and will not affect the consolidated financial results of the Enea Capital Group. The company reserves that values presented above are estimates and are subject to change. Final test results and amounts included in the accounting books will be presented in the non-consolidated financial statements of Enea S.A. for the year 2017, the publication of which is scheduled for March 23, 2018.

As a result of this situation, the Company informs that the publication of the preliminary financial results for 2017 will take place at the latest on March 1, 2018.

Having in mind the diverse and international nature of Enea SA's shareholding, and also the provisions of the Best Practices of WSE Listed Companies, Enea SA guarantees the availability of its website also in English. In case of any interpretation doubts and discrepancies between the Polish and English versions, the Polish version shall prevail.