Correction of preliminary results for 2007/ 4.quarter 2007. See attachment.
In connection with the change into to a new taxation system for Norwegian
shipping companies, our company has presented the taxation liability as a
change in equity.
Based on trade practice, other companies choose to show the tax liability as a
tax cost in the profit and loss accounts. Havila Shipping ASA has chosen to
adapt this practice in our reporting for 2007.
As a consequence of this change, a correction of tax- cost with NOK 82,5m
follows. This amount is corresponding with the company's gross liability of
entry into the new taxation system. This change is only affecting the year end
result after tax, and has no effect on earlier reported equity and debt.
