Eltek ASA: Tax assessment for 2010 and 2011

Eltek ASA: Tax assessment for 2010 and 2011

ID: 290963

(Thomson Reuters ONE) -


Eltek ASA has received a notification from the tax authorities that they are
considering changing the tax assessment for 2010 and 2011 related to loss on
intercompany receivables. The implication of the proposed changes will be a
reduction of tax loss carried forward of approximately NOK 460 mill and a
corresponding negative impact on capitalized deferred tax assets and equity of
approximately NOK 130 mill. Eltek ASA disputes the tax authorities preliminary
evaluation.



For further information, please contact:

Eltek ASA
CFO Björn Wigström: +47 905 31 304



About Eltek ASA:

Eltek is a strategic technology partner within power solutions. The Company
reported revenue of NOK 3.5 billion in 2012, and has approximately 2,500
employees and operations in almost 40 countries. The company focuses on power
electronics markets, where the company is one of the leaders in telecom power
and a growing force within industrial applications. Eltek also holds growth
opportunities within solar power, e-vehicles, and datacenters. Eltek is listed
on Oslo Stock Exchange and headquartered in Drammen, Norway.




This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.



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: Eltek ASA via Thomson Reuters ONE
[HUG#1724855]






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Bereitgestellt von Benutzer: hugin
Datum: 26.08.2013 - 16:01 Uhr
Sprache: Deutsch
News-ID 290963
Anzahl Zeichen: 1970

contact information:
Town:

Drammen



Kategorie:

Business News



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