Eniro has received a final decision regarding taxable income in the Norwegian operations – positive effect on tax costs in the fourth quarter
Eniro received a tax reassessment notice from the Norwegian Tax Authorities at the end of May this year, regarding the years 2001-2005 for its subsidiary Findexa Norway A/S (acquired by Eniro during 2005), detailing an increase of taxable income, potentially leading to increased tax costs of NOK 231 million (including accrued interest of NOK 19 million). Therefore a provision was made of SEK 280 million in the result for the second quarter 2010.
Eniro has now received a final decision from the Norwegian Tax Authorities implying that the increased tax cost is set to around SEK 105 million. This will have a one-off positive effect of SEK 175 million on tax costs in the fourth quarter 2010. The tax payment is expected to be made during the first quarter 2011.
For further information:
Johan Lindgren, CEO, +46 8 553 311 14
Jan Johansson, CFO, +46 70 575 89 72
Birgitta Henriksson, Acting Head of Investor Relations, +46 70 812 86 39
The above information is such that Eniro AB (publ) shall make public in accordance with the Securities Market Act and/or the Financial Instruments Trading Act. The information was published at 12.40 CET on 19 November 2010.
Eniro is the Nordic region’s largest search company. Both consumers and companies can use Eniro’s services to easily locate where to buy services and products – regardless of whether the channel is internet, catalog or mobile. Advertisers can actively market themselves to interested consumers, find new customers and increase sales. Better search means better business.
Eniro has 4,400 employees in the Nordic region and Poland and has been listed on Nasdaq OMX Stockholm since 2000. Headquarters are located in Stockholm, Sweden. More on Eniro at www.eniro.com.