Correction of Year-End Report during ongoing revision
Correction of Year-End Report during ongoing revision. The net profit for the full year 2022 is adjusted upwards by 1586 KSEK.
During the ongoing revision of the Annual Report for 2022, MindArk has identified a deviation from the Year-End-Report for 2022, which was published on February 28, 2023. The net profit for the full year 2022 will be adjusted upwards by 1586 KSEK. Thus, the following corrections arise:
• The net profit for the Group for 2022 amounts to 9141 KSEK (instead of 7555 KSEK according to the Year-End-Report).
The reason for the adjustment is that MindArk has identified an opportunity to make higher tax-related depreciation on the fixed assets than what was stated in the Year-End-Report. The tax calculation is therefore changed accordingly. Additionally, the result has been positively affected by 696 KSEK due to the release of deferred tax related to this year's depreciation on revalued assets. Another consequence was that the Parent company can make a lower allocation to the tax allocation reserve, thus adjusting the net profit for the Parent company upwards by an additional 872 KSEK.
• The net profit for the Parent Company for 2022 amounts to 7237 KSEK (instead of 4779 KSEK according to the Year-End-Report).
MindArk intends to publish the Annual Report on April 14, 2023.
For more information, please contact:
Henrik Nel Jerkrot
CEO, MindArk PE AB (publ)
Tel: 031 607 260
About MindArk
MindArk PE AB (publ) (“the Company” or “MindArk”) develops and operates Entropia Universe, the world's first MMORPG (Massive Multiplayer Online Role-playing Game) with a “Real-Cash-Economy”, and Entropia Platform. Entropia Universe is a virtual universe consisting of a number of planets with different themes and activities. The software is provided globally and free of charge with the possibility to spend money in the virtual universe for anyone with access to PC and the internet. Entropia Universe consists of a digital economy where resources, materials, land, and buildings are represented as digital assets with an underlying base value. Entropia Platform is the technology platform that powers Entropia Universe. The platform is shared with partners who develop their own unique game content for their planets in Entropia Universe.
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