Norske Skog: Publication of the annual report for 2015
(Thomson Reuters ONE) -
The annual report for 2015 are now available on www.norskeskog.com, which
includes the complete financial statements for Norske Skogindustrier ASA and the
Group, the report of board of directors and auditor's report.
The company's auditor Ernst & Young AS has given an adverse opinion on the
financial statements of the Parent Company and an adverse opinion on the
financial statements of the Group. As announced on 10 February 2016, there is
still a disagreement between the company's auditor and Norske Skog about the
applicable principles and industry outlook relating to the calculation of asset
values. In the accounting notes to the financial statements, the company has
reasoned the company's choice of principles and valuations.
According to applicable accounting principles, Norske Skog has performed an
impairment test of fixed assets. The impairment process has revealed that Norske
Skog and the auditor have different views on the future industry outlook. The
conclusion of the Board of Directors is that there is sufficient head-room to
support the existing book values of the fixed assets, based on applicable
valuation principles and the industry outlook.
- We have competitive business units that all are on the lower side of the cost
curve and the fixed assets are valued in line with our European peers. After
completing a diligent impairment testing at the year-end, we still see no need
for a write-down of the fixed asset values, says Sven Ombudstvedt, President and
CEO of Norske Skog.
As informed earlier, Norske Skog and the auditor have mutually agreed that a new
auditor will be elected for Norske Skog at the annual general meeting 25 May
2016. Norske Skog is in the process of engaging a new auditor, and a proposal
will be announced prior to the annual general meeting.
Norske Skog will be holding its annual general meeting on 25 May 2016 at 13:00
CET at Karenslyst allé 2 in Oslo. The notice and registration form for the
general meeting will be published in the upcoming week.
The printed annual report can also be obtained by contacting:
oddrunn.ringstad(at)norskeskog.com.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Norske Skog
Communications and Public Affairs
For further information:
Norske Skog media: Norske Skog financial markets:
Vice President Corporate Communication Vice President Investor Relations
Carsten Dybevig Tom Rogn
Mob: +47 917 63 11 Mob: +47 948 55 659
Norske Skog Annual Report 2015:
http://hugin.info/105/R/2008789/743163.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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: Norske Skog via GlobeNewswire
[HUG#2008789]
Unternehmensinformation / Kurzprofil:
Datum: 30.04.2016 - 20:13 Uhr
Sprache: Deutsch
News-ID 467738
Anzahl Zeichen: 3539
contact information:
Town:
Lysaker
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 290 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Norske Skog: Publication of the annual report for 2015"
steht unter der journalistisch-redaktionellen Verantwortung von
Norske Skog (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
