Write-down of Shares in Subsidiaries
Stockholm - 2024-01-10MyFirstApp Sweden AB (publ) ("MyFirstApp") has, with the principle of caution in mind, identified an impairment need in connection with the ongoing preparation of the financial statements. The board has decided on an impairment of the value of shares in the subsidiary MyFirstApp Group S AB and Oy 10Monkeys.com Ltd totaling approximately SEK 11.6 million. The impairment negatively affects the parent company's equity and results for the fourth quarter of 2023 but has no impact on the group's overall results. The impairment does not affect the company's cash flow.