Current Report No.: 45/2022
The Management Board of Boryszew S.A. (“Company”, “Issuer”), with reference to current report No. 38/2022 of and earlier reports, advises that on 9 November 2022 ZM SILESIA S.A. (“ZM SILESIA”) – a subsidiary of the Issuer – received a decision of the Head of the Fiscal Administration Chamber in Katowice, sustaining the decision of the Head of Małopolska Customs and Tax Office in Kraków of 24 September 2020, determining outstanding VAT liability of ZM SILESIA for 2013-2014 at PLN 97.3 million, plus due interest.
The Director of the Fiscal Administration Chamber issued a decision after reconsidering ZM SILESIA’s appeal against the decision of the Office (overruled by the judgement of the Regional Administrative Court in Gliwice of 27 April 2022).
This decision is final. Following different assessment of the above circumstances, the Company intends to appeal against that decision to the Provincial Administrative Court and to request a stay of its execution.
According to the Management Board of the Issuer, risks associated the decision are recorded in the Issuer’s books of accounts as on-balance sheet and off-balance sheet provisions. Given the above, as at the date of this announcement, the fact of this decision being issued does not require the Issuer to make any additional one-off accounting entries.
The Company will advise of further significant events associated with the above mentioned court and administrative proceedings in relevant reports.
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