Approved financial statements 2010
(Thomson Reuters ONE) -
The Board of directors in BWG Homes ASA has approved the consolidated financial
statements, the parent company`s financial statements and the Board of
Directors` report for 2010. Consolidated earnings after tax were NOK 178.1
million (IFRS).
In connection with the Board's consideration of the financial statements, it is
decided to change the classification of Value Added Tax (VAT) on own production
for segment Norway in the income statement. This change which is a
reclassification matter only, does not affect the reported results and has no
bearing on the presentation of the financial position (balance sheet).
The change means that the reported income in the income statement for the Group
(IFRS) for 2010 increases by NOK 202.5 million, and that the costs of goods sold
increase with the same amount. The 2009 reported income for the Group (IFRS) and
costs of goods sold increase by NOK 200.1 million.
Supplementary information on the changed classification of VAT on own production
including reworked previously reported figures for all reporting periods of
2010 and 2009, is available at www.bwghomes.no/Download center.
The Annual Report will be published at www.bwghomes.no primo May together with
the notice for the Annual General Meeting which will be held on 26 May 2011.
The Board will propose a dividend of NOK 0.90 per share. Given approval, the
shares will be traded ex-dividend as from 27 May 2011, and dividend will be paid
out on 9 June 2011.
Contact person:
Arnt Eriksen, CFO, tel: +47 23 24 60 37, +47 922 14 625
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: BWG Homes ASA via Thomson Reuters ONE
[HUG#1504683]
Datum: 08.04.2011 - 09:04 Uhr
Sprache: Deutsch
News-ID 53317
Anzahl Zeichen: 2419
contact information:
Kategorie:
Business News
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