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FACC AG / Audit pursuant to the Accounting Control Act completed

Published: September 28, 2017; 14:11 · (Vindobona)

The audit pursuant to the Accounting Control Act (RL-KG) of the consolidated financial statements and of the half-year financial reports of FACC AG by the Financial Market Authority (FMA) was completed by a decree. All recognized infringements, with the exception of an accrual of provisions for onerous contracts (violation of IAS 37.14 and IAS 37.66), have already been corrected in accordance with IAS 8.42 in the consolidated financial statements and explained in the notes to the consolidated financial statements.

FACC AG / Audit pursuant to the Accounting Control Act completed / Picture: © Vindobona

Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europewide distribution. The issuer is responsible for the content of this announcement.

Financial Figures/Balance Sheet/No Keyword
28.09.2017

Ried im Innkreis - The audit pursuant to the Accounting Control Act (RL-KG) of
the consolidated financial statements as of 29 February 2016 and of the half-
year financial reports as of 31 August 2015 and 31 August 2016 of FACC AG by
the Financial Market Authority (FMA) was completed by a decree. All recognized
infringements, with the exception of an accrual of provisions for onerous
contracts (violation of IAS 37.14 and IAS 37.66), have already been corrected
in accordance with IAS 8.42 in the consolidated financial statements as of 28
February 2017 and explained in the notes to the consolidated financial
statements. The notes also refer to the pending final clarification regarding
the provision for onerous contracts. On the basis of the final assessment by
the FMA, the provisions for onerous contracts are to be retroactively adjusted
by at least EUR 16.9 million as of the relevant balance sheet date. As of 31
August 2015, this provision has to be retroactively adjusted for the first time
by EUR 19.1 million. As of 29 February 2016, this provision is to be
retroactively reduced by EUR 1.9 million and, as of 31 August 2016, it is to be
retroactively increased by EUR 2.6 million. The amount of the provision as of
28 February 2017 is reduced by EUR 0.7 million to EUR 19.1 million.

Further inquiry note:
Investor Relations:
Manuel Taverne
Director Investor Relations
Mobil: 0664/801192819 E-Mail: m.taverne@facc.com

end of announcement euro adhoc
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issuer: FACC AG Fischerstraße 9 A-4910 Ried im Innkreis
phone: +43/59/616-0
FAX: +43/59/616-81000
mail: office@facc.com
WWW: www.facc.com
ISIN: AT00000FACC2
stockmarkets: Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/7665/aom

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