Appeals court affirms County Administrative Court's ruling

(Thomson Reuters ONE) -


ICA has today June 2, 2010 received a ruling from the Swedish Administrative
Court of Appeal concerning the tax deduction of interest for the period
2001-2003.The Court has now affirmed the ruling of the County Administrative
Court to deny ICA interest deductions of SEK 1,795 million. The tax claim
amounts to SEK 747 million.

As earlier announced the Swedish Tax Agency denied in 2007 interest deductions
by ICA Finans AB of SEK 1,795 million for the period 2001-2003. ICA appealed the
ruling to the County Administrative Court, which in December 2008 ruled in favor
of the Swedish Tax Agency. The tax claim included penalties and interest. ICA
paid the claim of SEK 747 million in February 2009 and booked it as a receivable
on the Swedish Tax Agency.

Hakon Invest owns 40 percent of the ICA Group and the profit is thereby
influenced negatively by SEK 299 million for fiscal year 2010.

For more information, contact:

CFO
Göran Blomberg
tel. +46-8-55 33 99 99


Hakon Invest, which is listed on the OMX Nordic Exchange in Stockholm, conducts
active and long-term investment operations in retail-oriented companies in the
Nordic and Baltic region. Hakon Invest owns 40% of ICA AB, the Nordic region's
leading retail company with a focus on food. The portfolio also includes shares
in Forma Publishing Group, Kjell & Company, Hemma, Cervera, inkClub and Hemtex.
Further information about Hakon Invest is available at www.hakoninvest.se
.


[HUG#1421012]





Press release: http://hugin.info/135965/R/1421012/370450.pdf

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Datum: 02.06.2010 - 11:32 Uhr
Sprache: Deutsch
News-ID 21845
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