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Press Release

Terveystalo Plc recognizes deferred tax assets with a positive, one-time net result impact of approximately EUR 13 million in the first quarter of 2018

Terveystalo Oyj
Posted on: 18 Apr 18

Stock Exchange Release 18 April 2018, at 22:00 EEST

The Finnish Tax Authority has concluded the tax audit and issued its audit report concluding that the audit did not cause any action

The Finnish Tax Authority has concluded the tax audit at Terveystalo Healthcare Holding Oy, a wholly-owned subsidiary of Terveystalo Plc. The audit was referred to in Terveystalo's listing prospectus and it covered the corporate income taxation of Terveystalo Group's acquisitions during 2009 and 2013 and Group financing. The Finnish Tax Authority has issued its tax audit report concluding that the audit did not cause any action.

Due to the tax audit, the Company has only partially recognized deferred tax assets based on outstanding tax losses carried forward. The Group will take into account the results of the audit in its reporting regarding the first quarter of 2018 and recognize deferred tax assets related to outstanding tax losses carried forward of approximately EUR 13 million. The recognition has a net result impact on the first quarter of 2018 and is based on the assumption that the company will be able to use all its outstanding tax losses before they expire.


Terveystalo Plc

 

For more information, please contact:
Kati Kaksonen, Director, Investor Relations and Financial Communications
Tel. +358 10 345 2034
Kati.kaksonen@terveystalo.com

 

Distribution:
Nasdaq Helsinki Oy
Main media
www.terveystalo.com

   

Terveystalo in brief

Terveystalo is a listed company on the Helsinki Stock Exchange. Terveystalo is the largest healthcare service company in Finland with net sales and network. The company offers versatile primary and secondary health care services for corporate and private customers and the public sector. The nationwide network covers approximately 180 locations across Finland, complemented by 24/7 digital services.

In 2017, the Company had approximately 1.2 million individual customers and approximately 3.3 million doctor visits. Nearly 9,000 healthcare professionals work in Terveystalo, about half of whom are private practitioners. Terveystalo is a member of Association for Finnish Work. www.terveystalo.com



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Terveystalo Oyj via GlobeNewswire
HUG#2185307
GlobeNewswire
globenewswire.com

Last updated on: 19/04/2018

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