Please find attached audited financial statements of NEO Finance, AB for the
year 2019.
In the audited statements Company's loss for 2019 amounts to EUR 841 thous. and
differs from the preliminary loss of EUR 659 thous. This difference is due to
the following adjustments:
-- Taking into account the economic situation at the time of publication of
the statements and possible payment delays in the future, Company's
doubtful debts were re-evaluated, and their amount was increased by EUR
113,000.
-- The investment of EUR 65,000 made by NEO Finance, AB in the subsidiary's
NEO Finance B.V. authorized capital was devalued, as this company ended
2019 with a loss and had a negative equity. In the preliminary results
published on 31-01-2020, this devaluation was not made, but NEO Finance
B.V. result was included under Group's result, so this devaluation does not
affect the actual result.
Andrius Ladauskas
CFO
E-mail: andrius.ladauskas@neofinance.lt
Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=768536© 2020 GlobeNewswire
