Solteq Oyj Stock Exchange Release 20.3.2012 at 4.30PM
Solteq has published a Stock Exchange Release on 20.3.2012 at 8.30AM regarding to the corporate acquisition, which announced that Solteq Plc will purchase the entire capital stock of Aldata Solution Finland Ltd for EUR 8.3 million from Aldata Solution Plc. In this release additional information is given to the prior release regarding the results and financial status of Aldata Solution Finland Oy. Aldata Solution Finland has act as Aldata Group’s local Finnish subsidiary.
Aldata Solution Finland Oy’s audited information from years 2010 and 2011 is in the table below.
| Income Statement | audited | audited |
| 1-12 /2011 | 1-12 /2010 | |
| Revenue | 13 344 | 11 308 |
| Other income | 0 | 24 |
| Materials and services | -4 558 | -2 982 |
| Employee benefit expenses | -5 016 | -4 958 |
| Depreciation and asset write-downs | -230 | -222 |
| Other expenses | -2 302 | -2 436 |
| Operating result | 1 239 | 733 |
| Financial income and expenses | -25 | -2 |
| Result before extraordinary items | 1 214 | 731 |
| Extraordinary expenses/group contribution | -1 270 | -670 |
| Result before appropriations and taxes | -56 | 60 |
| Income tax expense | 0 | 8 |
| Result for the financial period | -56 | 69 |
| Balance sheet | audited | audited |
| 1-12 /2011 | 1-12 /2010 | |
| Assests | ||
| Non-current assets | ||
| Intagible assets | 161 | 323 |
| Tangible assets | 122 | 92 |
| Total non-current assets | 283 | 415 |
| Current assets | ||
| Stocks | 110 | 110 |
| Short-term receivables | 4 374 | 2 520 |
| Cash and cash equivalents | 0 | 471 |
| Total current assets | 4 484 | 3 101 |
| Total assets | 4 767 | 3 516 |
| Balance sheet | ||
| Equity and liabilities | ||
| Equity | ||
| Share capital | 400 | 400 |
| Share premium reserve | 375 | 375 |
| Distributable equity reserve | 1 616 | 0 |
| Retained earnings/loss | -2 078 | -2 147 |
| Profit/loss of the financial year | -56 | 69 |
| Total equity | 257 | -1 303 |
| Provisions: | 0 | 9 |
| Liabilities | ||
| Non-current liabilities | ||
| Subordinated loan | 0 | 1 585 |
| Current liabilities | 4 510 | 3 226 |
| Total liabilities | 4 510 | 4811 |
| Total equity and liabilities | 4 767 | 3516 |
About changes to Aldata Solution Finland's operations from 31.12.2011
After the financial period 2011 of Aldata Solution Finland but prior to the corporate acquisition, the certain customer relationships and the immaterial rights changes have been transferred to other companies in the Aldata Group. Estimated effects to these actions are EUR -1 million to turnover and EUR -0,5 million to profit (Ebit) regarding to the reported turnover in year 2011.
SOLTEQ PLC
Further information available from:
CEO, Repe Harmanen
Telephone +358 (0)400 467 717
E-mail repe.harmanen@solteq.com
CFO, Antti Kärkkäinen
Telephone +358 (0)20 1444 393 or +358 (0) 40 8444 393
E-mail antti.karkkainen@solteq.com
Distribution:
NASDAQ OMX Helsinki
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