Unaudited results of Invalda AB group for 2008:
– consolidated loss before taxes equals to 88.02 mln. LTL (25.49 mln. EUR);
– part of consolidated result attributable to shareholders of Invalda AB is 86.24 mln. LTL (24.98 mln. EUR) loss;
– the whole consolidated net loss is 87.67 mln. LTL (25.39 mln. EUR).
Preliminary profit before taxes of Invalda AB for 2008 amounted to 7.58 mln. LTL (2.2 mln. EUR) and the net profit totaled to 8.3 mln. LTL (2.4 mln. EUR).<\/p>\n
The key negative influence to the consolidated result of the group was made by:
– Decrease of investment asset value:
valuation losses of investment properties in subsidiaries equals to 40 mln. LTL (11.58 mln. EUR);
valuation losses, attributable to Invalda AB, of investment properties in associated companies and joint ventures equals to 21 mln. LTL (6.08 mln. EUR);
loss from the sale of investment properties equals to 9 mln. LTL (2.61 mln. EUR).
– After the management of the company conservatively assessed the asset value, allowances of 32 mln. LTL (9.27 mln. EUR) were made in the group.
– Loss of group\u2019s financial sector reached 24 mln. LTL (6.95 mln. EUR).<\/p>\n
In November 2008 the Board of Invalda AB has evaluated loss of the financial sector companies, also considered the unaccomplished planned real estate deals and the possible lower value of investment assets after the reappraisal, which is made at the end of the year. The company forecasted that consolidated result for 2008 can be negative and the net consolidated loss of the group could amount to 30 mLTL (8.7 mEUR).
Preliminary result differs from the forecasts due to the bigger than planned decrease of investment property, especially in Latvia, and due to allowances. Moreover, change of income tax from 15% to 20% also influenced the difference between the forecasts and the preliminary result.<\/p>\n
Enclosed: Darius \u0160ulnis Unaudited results of Invalda AB group for 2008:– consolidated loss before taxes equals to 88.02 mln. LTL (25.49 mln. EUR);– part of consolidated result attributable to shareholders of Invalda AB..<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[6],"class_list":["post-13596","post","type-post","status-publish","format-standard","hentry","category-regulated-information","tag-imported"],"acf":[],"yoast_head":"\n
– >consolidated and company’s unaudited financial statements for 12months of 2008<\/a>;
– >confirmation of persons responsible for the financial statements<\/a>;
– >presentation of preliminary Invalda AB group results for 2008<\/a>.<\/p>\n
President
+370 5 273 4876<\/p>\n","protected":false},"excerpt":{"rendered":"