Eniro has received a final decision regarding taxable income in the Norwegian operations - positive effect on tax costs in the fourth quarter

Eniro has received a final decision regarding taxable income in the
Norwegian operations - positive effect on tax costs in the fourth
quarter 

Eniro received a tax reassessment notice from the Norwegian Tax
Authorities at the end of May this year, regarding the years 2001-2005
for its subsidiary Findexa Norway A/S (acquired by Eniro during 2005),
detailing an increase of taxable income, potentially leading to
increased tax costs of NOK 231 million (including accrued interest of
NOK 19 million). Therefore a provision was made of SEK 280 million in
the result for the second quarter 2010.

Eniro has now received a final decision from the Norwegian Tax
Authorities implying that the increased tax cost is set to around SEK
105 million. This will have a one-off positive effect of SEK 175 million
on tax costs in the fourth quarter 2010. The tax payment is expected to
be made during the first quarter 2011.

 

 

 

 

 

For further information:

Johan Lindgren, CEO, +46 8 553 311 14
Jan Johansson, CFO, +46 70 575 89 72
Birgitta Henriksson, Acting Head of Investor Relations, +46 70 812 86 39

The above information is such that Eniro AB (publ) shall make public in
accordance with the Securities Market Act and/or the Financial
Instruments Trading Act. The information was published at 12.40 CET on
19 November 2010.