EQS-News: Classification of the announced initiation of an audit of the annual financial statements as of December 31, 2023, and the related combined management report and group management report by BaFin
Source: EQS
Classification of the announced initiation of an audit of the annual financial statements as of
BaFin is basing its audit on information provided in the notes to the annual financial statements as of 1. Disclosures on receivables from affiliated companies in the notes to the annual financial statements of BaFin sees indications of a possible violation of Section 268 (4) sentence 1 HGB, as the balance sheet does not contain a separate note on the remaining term of receivables from affiliated companies. As of the balance sheet date of Mutares has already included additional quantitative disclosures in its annual financial statements as of 1. Scope of forecast information in the management report BaFin criticizes that the forecasts in the management report refer exclusively to earnings figures and do not contain any statements on the net assets and financial position. In Mutares' view, the most significant financial performance indicators – revenue, EBITDA, adjusted EBITDA for the Group and the Company's net income for the year under commercial law – have been fully forecasted. The Company's financial position is significantly influenced by M&A and restructuring activities, the development of which is naturally subject to considerable uncertainty. These are comprehensively addressed and explained in the risk report. The Company believes that, on this basis, the users of the financial statements are provided with a true and fair view of the net assets, financial position, and results of operations. Mutares stands for transparent and legally compliant financial reporting. Accordingly, Mutares takes note of BaFin's announcement and welcomes the opportunity to contribute to the further clarification of the facts in the course of the proceedings. The Company is convinced that the accounting has been carried out properly and that the legal requirements have been met. The Company will cooperate constructively with BaFin. Company profile of
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Language: | English |
Company: | |
Arnulfstr.19 | |
80335 |
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Phone: | +49 (0)89-9292 776-0 |
Fax: | +49 (0)89-9292 776-22 |
E-mail: | ir@mutares.de |
Internet: | www.mutares.de |
ISIN: | DE000A2NB650 |
WKN: | A2NB65 |
Listed: | Regulated Market in |
EQS News ID: | 2178326 |
End of News |
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2178326 01.08.2025 CET/CEST