Current Report No. 24/2024
Following current report No. 20/2024 of 26 June 2024 and No. 21/2024 of 27 June 2024 concerning the revocation of decisions of tax authorities against tZM SILESIA S.A., Boryszew S.A. (Issuer, Company) advises that following the completion on 2 August 2024 of the review of the status of tax proceedings in subsidiary ZM SILESIA SA, which the Issuer announced in current and interim reports, carried out in the process of preparing the consolidated report for the first half of 2024, 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 PLN 50 million.
Following current report No. 15/2024 of 20 May 2024, regarding the decision of Alchemia S.A., a subsidiary, to start the process of liquidation of Walcownia Rur Andrzej Branch in Zawadzkie, the Issuer advises that in the process of preparing the consolidated financial statement of the Group for the first half of 2024, Alchemia S.A., based in Warsaw, provisionally estimated the costs associated with the process of liquidation of Walcownia Rur Andrzej Branch in Zawadzkie at PLN 25 million. The above amount will be charged to the consolidated result for the first half of 2024.
At the same time the Issuer advises that as at the date of preparation of this current report, preparation of consolidated financial statements of the Capital Group Boryszew for the first half of 2024 is still in progress and the 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 14 August 2024.
Legal attitude: Article 17 section 1 MAR – Confidential information.
Signatures:
Wojciech Kowalczyk – President of the Management Board
Translation from the original Polish version.
In the event of differences resulting from the translation, reference should be made to the official Polish version.