REC Board of Directors has approved the 2012 financial statements
(Thomson Reuters ONE) -
Sandvika, March 22, 2013: The Board of Directors of Renewable Energy Corporation
ASA (REC) has approved the financial statements for 2012 for both the Group and
the parent company.
In the preparation of the annual financial statements, REC has made further work
and evaluations related to the impairment test and identified the need to
increase the discount rate used for the REC Silicon cash generating unit at
December 31, 2012, from 9.2% to 10.6%. This increased the impairment loss by NOK
1,102 million compared to what was presented in REC's financial report for the
fourth quarter 2012. This has also reduced deferred tax liabilities. The total
impairment loss for the Group is consequently NOK 6,550 million in 2012.
After these adjustments, the loss after tax from continuing operations for the
REC Group for 2012 is NOK 6,615 million and the loss from total operations is
NOK 6,027 million.
No other changes to the 2012 financial statements have been made.
Attached is an overview of REC's 2012 consolidated statement of financial
position and statement of income.
For further information, please contact
Mikkel Tørud, SVP Investor Relations & Business Development, REC
Telephone: +47 976 99 144
About REC
REC is a leading global provider of solar electricity solutions. With nearly two
decades of expertise, we offer sustainable, high-performing products, services
and investment opportunities for the solar and electronics industries. Together
with our partners, we create value by providing solutions that better meet the
world's growing electricity needs. Our 2,300 employees worldwide generated
revenues of more than NOK 7 billion in 2012, approximately EUR 1 billion or USD
1.3 billion. To see more of what REC can offer, visit www.recgroup.com.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
2012 Consolidated Financial Statements:
http://hugin.info/136555/R/1687381/553354.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Renewable Energy Corporation ASA via Thomson Reuters ONE
[HUG#1687381]
Unternehmensinformation / Kurzprofil:
Datum: 22.03.2013 - 08:21 Uhr
Sprache: Deutsch
News-ID 242222
Anzahl Zeichen: 2821
contact information:
Town:
Sandvika
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 124 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"REC Board of Directors has approved the 2012 financial statements"
steht unter der journalistisch-redaktionellen Verantwortung von
Renewable Energy Corporation ASA (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
