IES will receive 21 MSEK in central government subsidy for homework support
Internationella Engelska Skolan i Sverige Holdings II AB (“Internationella Engelska Skolan” or “IES”) as principal will receive 21.0 MSEK in central government subsidy for homework support for the calendar year 2017. Half of the amount will be recognized in the fourth quarter of IES financial year 2016/17 and the remainder in the first and second quarter 2017/18. The corresponding subsidy for the calendar year 2016 amounted to 18.2 MSEK, whereof half of the amount was recognized in the fourth quarter of IES financial year 2015/16 and the remainder in the first and second quarter 2016/17.