Following the current report No. 39/2020 of 26 November 2020 Boryszew S.A. (Issuer, Company) announces hereby that following the completion today, 30 April 2021 of the review of the status of tax audits and risks that may arise in subsidiaries of the Group which the Issuer announced in current and interim reports, carried out in the process of preparing the consolidated report for 2020, the Company reassessed the risks associated with these audits.
As a result of the assessment, the Issuer chose to release some of the provisions recognised for the pending audits, amounting to app. PLN 55 million.
At the same time, as at the date of preparation of this current report, preparation of consolidated financial statements of the Capital Group for 2020 is still in progress and the final amount of the provision associated with the above-mentioned tax audits, by balance sheet liability and contingent liability, will be included in these statements, the publication of which is planned for 30 April 2021.
Legal attitude: Article 17 section 1 MAR – Confidential information.
Andrzej Juszczyński – Vice President of the Management Board
Paweł Tokłowicz – Proxy
Translation from the original Polish version.
In the event of differences resulting from the translation, reference should be made to the official Polish version.