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MBB SE Audit Report / Information 2017
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Audit Report / Information
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Corporate | 19 March 2020 20:42
MBB SE: Release according to § 109 Paragraph 2 Sentence 1 WpHG
DGAP-News: MBB SE / Key word(s): Miscellaneous/Miscellaneous
19.03.2020 / 20:42
The issuer is solely responsible for the content of this announcement.
MBB SE: Release according to § 109 Paragraph 2 Sentence 1 WpHG
The German Financial Reporting Enforcement Panel (FREP) has determined that the consolidated financial statements of MBB SE, Berlin, as at 31 December 2017 are incorrect:
In the consolidated income statement for the 2017 fiscal year of MBB SE, Berlin, consolidated earnings before taxes are shown approximately EUR 29.5 million too high, as costs in connection with the majority shareholding reduction within the scope of IFRS 10.23 in the course of the IPO of the subsidiary Aumann AG, Beelen, in March 2017 were not recognised as an expense but deducted directly from equity as transaction costs (IAS 39.9). Approximately EUR 28.0 million of this amount relates primarily to compensation to management and employees that did not meet the requirements of IAS 32.35 and IAS 32.37 for recognition in equity. Further costs of around EUR 1.5 million were attributable to the listing of shares already issued in accordance with IAS 32.35 and IAS 32.38.
MBB SE
Joachimsthaler Straße 34
10719 Berlin
Tel +49 30 844 15 330
Fax +49 30 844 15 333
www.MBB.com
Executive Management
Dr Christof Nesemeier (CEO)
Dr Constantin Mang
Klaus Seidel
Chairman of the Board
Gert-Maria Freimuth
Court of Registration
Berlin-Charlottenburg Local Court, registration number: HRB 165458
19.03.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | MBB SE |
| Joachimsthaler Strasse 34 | |
| 10719 Berlin | |
| Germany | |
| Phone: | +49 (0) 30 844 15 330 |
| Fax: | +49 (0) 30 844 15 333 |
| E-mail: | [email protected] |
| Internet: | www.mbb.com |
| ISIN: | DE000A0ETBQ4 |
| WKN: | A0ETBQ |
| Indices: | PXAP |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1002511 |
| End of News | DGAP News Service |