on Niiio Finance Group AG (isin : DE000A2G8332)
Niiio finance group AG: Update on Impairment
Görlitz, 18-Jun-2024 — niiio finance group AG has announced an additional impairment requirement for DSER GmbH in the amount of €1.12 million. This follows a previously disclosed downward adjustment of €3.14 million on 21-May-2024. Combined, these adjustments result in a total impairment of €4.26 million, reducing DSER GmbH’s carrying value to approximately €6.3 million.
The impairment arose from an updated discount rate used in the impairment test, which differed from previous years. The cumulative impairments will reflect a one-off negative impact of €4.26 million on niiio finance group AG’s stand-alone accounts and an equivalent reduction in goodwill in the group accounts.
The adjustments align with the annual audit for the fiscal year 2023 conducted in cooperation with the company's auditor. niiio finance group AG continues to monitor and address financial adjustments as necessary.
R. P.
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