THIN - Audit opinion 2010
(Thomson Reuters ONE) -
Thin Film Electronics ASA ("Thinfilm") has today received the auditor's opinion
of Thinfilm's financial statements for 2010. The audit opinion contained the
following point of emphasis: "Without qualifying our opinion, we draw your
attention to the information in the Board of Directors' Report related to the
going concern assumption." The Norwegian Share Trading Act prescribes that
Thinfilm announces this point of emphasis in a notice to the market.
In the report, which will be sent to the shareholders on or around 14 April
2011, the Board of Directors have stated that " Thinfilm operates at a loss and
does not have assets suitable for secured borrowing. The company does not have
any financial debt. If the company does not earn revenue, Thinfilm will need to
raise additional equity and/or working capital during 2011. It is inherently
uncertain whether the company will be able to obtain additional capital and at
which terms. [...] The board confirms that the financial statements of the group
as well as the parent company have been prepared under the going concern
assumption. The uncertainty attached to this assumption has been stated above."
7 April 2011
Thin Film Electronics ASA
This information is subject of the disclosure requirements acc. to §5-12 vphl
(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: Thin Film Electronics ASA via Thomson Reuters ONE
[HUG#1504627]
Unternehmensinformation / Kurzprofil:
Datum: 08.04.2011 - 08:01 Uhr
Sprache: Deutsch
News-ID 53303
Anzahl Zeichen: 2042
contact information:
Town:
Oslo
Kategorie:
Business News
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