Current Report No.: 39/2020
Legal basis: Article 17 section 1 MAR – Inside information.
Contents of the report:
With reference to Current Report No. 46/2018 of April 20, 2018, Boryszew S.A. (“Issuer”, “Company”) informs that due to the end of the review of tax control proceedings and risks that may arise in subsidiaries of the Capital Group, about which the Issuer informed in current and periodic reports, carried out on November 26, 2020, the needs of the process of preparing the consolidated report for the third quarter of 2020, the Company reassessed the risks associated with these proceedings. As a result of the assessment, a potential additional risk related to pending tax proceedings in the amount of approximately PLN 223.5 million was identified.
At the same time, the Issuer informs that as at the date of preparation of this current report, work on the preparation of the consolidated financial statements of the Capital Group for the third quarter of 2020 is in progress, and the final amount of the provision related to the aforementioned tax proceedings, broken down into balance sheet liability and contingent liability, will be included in this report, the publication of which is scheduled for November 30, 2020.
Signatures:
Piotr Lisiecki – 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.