Current Report No.: 5/2024
Management Board of Boryszew S.A. (Issuer) advises that in the course of preparation of the financial statement for 2023 and following assessment of the financial situation of Boryszew Oberflächentechnik Deutschland GmbH and Boryszew Formenbau Deutschland GmbH on 20 March 2024 the Management Board decided to recognise a write-off on loans and trade receivables granted by the Issuer to the aforementioned companies in the total amount of PLN 72.8 million.
The value of the write-off will be charged to the separate financial results presented in the Issuer’s 2023 financial statements.
In addition, the Issuer’s Management Board advises that on the same day it decided to recognise a write-off on fixed assets in Boryszew Oberflächentechnik Deutschland GmbH in the total amount of PLN 42.5 million in the consolidated financial statements for 2023.
The above transactions were of an accounting nature.
The aforementioned companies are not a party to the restructuring agreement with a key customer of the Boryszew Automotive Plastics Group, which the Issuer announced in current report no. 4/2024 of 14 March 2024.
The Issuer’s Management Board also explains that on the day of the preparation of this current report the annual financial statements of Boryszew Capital Group for 2023 are being audited by the auditor.
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.