THE AUDITING BOARD?S DECISION REGAR
Done Solutions Corporation
Stock Exchange Release, April 10, 2003, at 10:10 a.m.
THE AUDITING BOARDS DECISION REGARDING THE AUDITORS
REPORTS FOR 2001
The Auditing Board of the Central Chamber of Commerce has
informed Done Solutions Corporation of its decision, issued
on April 2, 2003, regarding a complaint filed by the
Financial Supervision Authority (FSA) about the performance
of the companys auditors and the firm of authorized public
accountants in auditing the financial statements of Digital
Open Network Environment Corporation Done for January
1-September 30, 2001, and those of Done Solutions
Corporation - incorporated as a result of the demerger of
Digital Open Network Environment Done on October 1, 2001 -
for October 1-December 31, 2001.
The Auditing Board holds that the auditors in charge should
not have issued standard auditors reports on the financial
statements. However, based on the Auditing Boards decision,
the firm of authorized public accountants is not regarded as
having acted in a reprehensible manner.
In accordance with this decision, the financial statements
are regarded as having deviated from the consistency
principle in such a way
"that Digital Open Network Environment Corporation Done
had entered its non-recurring capital gains on divested
businesses in its operating profit, but had ended up
entering the non-recurring expenses and depreciation
related to the divested businesses in extraordinary
expenses."
Nonetheless, the Auditing Board states in its decision that
the notes to the financial statements provided information
on how the extraordinary items had been treated. In
accordance with the Auditing Boards decision, the auditors
reports should, for the reason quoted above, have disclosed
the fact
"that the financial statements of Digital Open Network
Environment Corporation Done for Jan. 1-Sept. 30, 2001
and those of Done Solutions Corporation for Oct.1-Dec.
31, 2001 were not prepared in accordance with the
Accounting Act and other rules and regulations
governing the preparation of financial statements,
since they did not give a true and fair view of the
Groups profit performance and financial position."
Not being a party to this complaint process, Done Solutions
Corporation has not been involved in the related proceedings
on the Auditing Board.
The company maintains that the Auditing Boards finding
comes down to differences of opinion over the entries of
extraordinary items in the income statement. In the view of
the auditors in charge of auditing the accounts during the
said financial periods, the shortcomings in the financial
statements stated by the Auditing Board pertain to profit
formation for the financial periods, affecting neither total
profits for the periods nor the Groups financial position
based on the balance sheet information. The Annual General
Meetings of 2001 and 2002 were unanimous in adopting the
financial statements of Digital Open Network Environment
Corporation Done and Done Solutions Corporation for 2001.
Done Solutions Corporation
Kari Åkman
President and CEO
For further information, please contact:
Kari Åkman, President and CEO, tel. +358 205 253427, gsm
+358 40 586 5927, kari.akman@donesolutions.com
http://www.donesolutions.com
Distribution:
Helsinki Exchanges
Major media
