Dan Brown6 Jun 2016 20:11
guys read again they are being forced hence why the legal action bit at the bottom. also note the comment "The Company estimates that it will have a positive net cash flow from the above restitution." the Arabs are coming and the Mayor wants them see comment from RNS "has received a notice requesting the termination of the lease agreement the Company has in respect of the Marina Dorcol Project from the Mayor of Belgrade"
The Company estimates that it will have a positive net cash flow from the above restitution.
Based on the results of the first quarter of 2016, in the event of termination, the Company estimates that the effect on the financial statements of the Company would be as follows:
1. Decrease of the non-current assets by EUR25.6 million.
2. Decrease of the current liabilities by EUR36.2 million.
3. Decrease of the non-current liabilities by EUR7.8 million.
4. Increase of the Company's equity by EUR18.4 million.
The Company is taking legal advice as to its options and a further announcement will be made in due course.