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ReleasesSolteq 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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