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Current report no. 51/2016 - Results of the impairment test carried out for property, plant and equipment owned by the AWT Group

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Legal basic (selected in ESPI):

Article 17, Section 1 of the Market Abuse Regulation – confidential information

 

The Management Board of the Company (“Company”) hereby announces that due to the petition for insolvency of OKD a.s. (“OKD”) filed on 3 May 2016, the Company carried out impairment tests for AWT Group’s assets as at 30 June 2016 and an assessment of the enforceability of the receivables from OKD. As a result of the completed work, the Company’s Management Board, by virtue of the resolution of 26 September 2016, decided to include the following in the Condensed Interim Consolidated Financial Statements of the PKP CARGO Group prepared for the period of 6 months ended 30 June 2016:

 

 - impairment charges for ATW Group’s assets in the amount of PLN 35 million

- impairment losses for trade receivables in the amount of PLN 63 million

 

Detailed information will be presented in the extended consolidated report of the PKP CARGO Group for H1 2016.

 

Specific legal basis:

Article 17, Section 1 of the Market Abuse Regulation – confidential information

 

 

 

 

 

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