DGAP-News: Deutsche EuroShop AG: Publication pursuant to Section 37q (2) (1) of the Wertpapierhandelsgesetz (WpHG - German Securities Trading Act)
(firmenpresse) - DGAP-News: Deutsche EuroShop AG / Key word(s): Miscellaneous
Deutsche EuroShop AG: Publication pursuant to Section 37q (2) (1) of
the Wertpapierhandelsgesetz (WpHG - German Securities Trading Act)
26.03.2013 / 15:33
---------------------------------------------------------------------
Publication pursuant to Section 37q (2) (1) of the Wertpapierhandelsgesetz
(WpHG - German Securities Trading Act)
The German Federal Financial Supervisory Authority (BaFin) determined that
the consolidated financial statements of Deutsche EuroShop AG with the
reporting date 31 December 2011 are incorrect:
1. The item 'Measurement gain/loss' indicated in the consolidated income
statement was EUR8.3 million too low because merger-related expenses
connected to the acquisition of the Billstedt-Center Hamburg which
should have been recognised in financial year 2010 were erroneously
recognised in financial year 2011.
This is a violation of IFRS 3.53, which states that the acquirer must
recognise all costs associated with a business combination as an expense
during the periods in which they were incurred.
2. In the 2011 consolidated financial statements, cash inflows in the
amount of EUR155.2 million are recognised in cash flow from operating
activities and cash outflows of the same amount are recognised in cash
flow from investment activities, both in connection with the
acquisition of the Billstedt-Center Hamburg, yet no cash inflows or
outflows in this amount actually took place during the period.
This is a violation of IAS 7.10, which specifies that the statement of cash
flows must only include actual cash flows from the reporting period.
End of Corporate News
---------------------------------------------------------------------
26.03.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Deutsche EuroShop AG
Wandsbeker Str. 3-7
20179 Hamburg
Germany
Phone: +49 (0)40 413 579-0
Fax: +49 (0)40 413 579-29
E-mail: ir(at)deutsche-euroshop.de
Internet: www.deutsche-euroshop.de
ISIN: DE0007480204
WKN: 748020
Indices: MDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
205231 26.03.2013
Themen in dieser Pressemitteilung:
deutsche-euroshop-ag-publication-pursuant-to-section-37q-2-1-of-the-wertpapierhandelsgesetz-wphg
german-securities-trading-act
Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: EquityStory
" alt="TASMAN ENGAGES ANSTO MINERALS TO EXPAND METALLURGICAL TESTING OF NORRA KARR HEAVY REE PROJECT
Datum: 26.03.2013 - 15:33 Uhr
Sprache: Deutsch
News-ID 243180
Anzahl Zeichen: 3050
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 251 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Deutsche EuroShop AG: Publication pursuant to Section 37q (2) (1) of the Wertpapierhandelsgesetz (WpHG - German Securities Trading Act)"
steht unter der journalistisch-redaktionellen Verantwortung von
Deutsche EuroShop AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
