The board of Aforti Holding S.A. (“the Company”, “the Issuer”) headquartered in Warsaw hereby announces to the public that in the course of work on the Issuer’s consolidated annual financial report for the 2018, became aware that the management boards of its subsidiaries: Aforti Finance S.A. headquartered in Warsaw (hereinafter: “Aforti Finance”) and Aforti Factor S.A. headquartered in Warsaw (hereinafter: “Aforti Factor”), following the precautionary principle, they decided to create provisions in total PLN 1 261 850,46 with effect on December 31, 2018.
In accordance with the decision of the Management Board of Aforti Finance, a provision was established in the amount of 1 134 441,55 PLN towards the repaid receivables from loans granted by the company.
At the same time, the Management Board of Aforti Factor decided to set up provisions in the amount of 127 408,91 PLN on account the repaid receivables from supported factoring agreements.
These provisions were not included in the condensed financial statements for the fourth quarter of 2018 published by the Company in a quarterly report on February 14, 2019, no. 13/2019.In accordance with the best knowledge of the Issuer’s Management Board, the above-mentioned provisions may affect the consolidated net result generated by the Aforti Group for 2018.
Legal basis: Article 17 paragraph 1 of the MAR – confidential information