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Regulatory press release

NEO Finance, AB annual audited information for 2019 and commentary on the change in net result

Read the release
NEO Finance AB
Annual report

NEO Finance, AB annual audited information for 2019 and commentary on the
change in net result

Please find attached audited financial statements of NEO Finance, AB for the
year 2019. 



In the audited statements Company's loss for 2019 amounts to EUR 841 thous. and
differs from the preliminary loss of EUR 659 thous. This difference is due to
the following adjustments: 

  -- Taking into account the economic situation at the time of publication of
     the statements and possible payment delays in the future, Company's
     doubtful debts were re-evaluated, and their amount was increased by EUR
     113,000.
  -- The investment of EUR 65,000 made by NEO Finance, AB in the subsidiary’s
     NEO Finance B.V. authorized capital was devalued, asthis company ended
     2019 with a loss and had a negative equity. In the preliminary results
     published on 31-01-2020, this devaluation was not made, but NEO Finance
     B.V. result was included under Group's result, so this devaluation does not
     affect the actual result.



Andrius Ladauskas

CFO

E-mail: andrius.ladauskas@neofinance.lt
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