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VBAG Records Operating Losses
The Group result was positive only because of one time effects due to accounting regulation. Next year, VBAG expects substantial losses again.
VBAG Records Operating Losses / Picture: © Wikipedia / MrPanyGoff
On 9 November 2012 VBAG’s management board announced that the after-tax, single entity result (based on local GAAP) will be negative within a clearly double-digitm € bandwidth. Due to discrepancies between accounting and reporting rules relevant for the single entity statement (based on local GAAP) and for the consolidated Group results (based on IFRS), the consolidated IFRS Group…
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