PRESS RELEASE: SolarWorld AG: Release of audited consolidated group report for the fiscal year before last 2012
PRESS RELEASE: SolarWorld AG: Release of audited consolidated group report for the fiscal year before last 2012
DGAP-News: SolarWorld AG / Key word(s): Final Results/Miscellaneous SolarWorld AG: Release of audited consolidated group report for the fiscal year before last 2012
24.01.2014 / 14:05
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As planned, measures of financial restructuring will be implemented by the end of February 2014
Today, SolarWorld AG released its finally audited financial report for the fiscal year before last 2012. Due to the ongoing financial restructuring, the report had been provisionally released on April 30, 2013 'subject to amendments and unaudited'.
SolarWorld AG confirms the financial figures announced in an ad hoc notification on December 20, 2013. As notified, SolarWorld AG has assessed the group financial statements of the past fiscal year 2012 with regard to adjusting events and has consequently conducted further impairments on the company's assets. These impairments are not cash relevant and neither affect the operative business nor liquid funds of the SolarWorld group.
The final audit was conducted after a number of necessary prerequisites for final implementation of the financial restructuring had been fulfilled. As SolarWorld AG also announced in an ad hoc notification on January 13, 2014, the Cologne Higher Regional Court approved of the implementation of the restructuring measures that had been passed by noteholders and shareholders in August 2013. In addition, the final restructuring agreement has been signed by all creditor groups, noteholders representatives as well as the new investor Qatar Solar S.P.C.
The Mangament Board of SolarWorld AG assumes that the next measures of the financial restructuring will be implemented by the end of February 2014. For further information on the restructuring measures go to: http://www.solarworld.de/investor-relations/financial-restructuring
The audited consolidated group report 2012 and the updated group interim report for the third quarter of 2013 are available as pdf files at: http://www.solarworld.de/financial-reports
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PRESS RELEASE: SolarWorld AG: Release of audited consolidated group report for the fiscal year before last 2012
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