GIGROUP: strona spółki
21.09.2021, 8:15
WSE Disclosure of information to the public
The Management Board of Work Service S.A. ("Issuer"), in reference to current report no. 109/2020 of December 31, 2020 regarding evaluation of events taking place in a subsidiary company Prohumán 2004 Munkaerő Szolgáltató és Tanácsadó Kft. seated in Budapest, in which the Issuer holds shares representing a majority (80.22%) of votes at the Meeting of Shareholders ("Prohuman") and current report no. 17/2021 of March 31, 2021 concerning the Board of Directors' assessment of the loss of control over the subsidiary Prohuman in accordance with International Financial Reporting Standards ("IFRS") 10, informs that it has become aware of the publication by Prohuman of the separate financial statements of Prohuman in accordance with its obligations under Hungarian law.
The key figures published by Prohuman are as follows: 2019 THUF: Total assets - 15 261 824 Shareholders’ equity- 7 187 532 Net income (after tax) - 1 063 631 Total revenue - 34 320 108 Pre-tax profit - 1 166 587 2020 THUF: Total assets - 17 592 432 Shareholders’ equity - 8 443 342 Net income (after tax) - 1 255 810 Total revenue - 31 873 764 Pre-tax profit - 1 374 017 Publication of the separate financial statement of Prohuman in accordance with the obligations resulting from the provisions of the Hungarian law does not change the degree of control of the Issuer over Prohuman Capital Group, to which Prohuman belongs. Consequently, the information disclosed by the Issuer in the current reports no. 109/2020 and 17/2021 remain up-to-date and do not change. At the same time, the Management Board informs that the content of the financial statement made available by Prohuman is false, which after translation into Polish reads as follows: "Work Service S.A. prepares consolidated financial statements of the Work Service Capital Group which also includes the entire (consolidated) financial statement of Prohuman. The consolidated financial statements and the annual report of the Work Service Group prepared in accordance with IFRS are available at the Work Service website (http://www.workservice.com/)". The above wording is false and misleading because the consolidated financial statements of Work Service Capital Group do not include data from the consolidated financial statements of Prohuman, which the Issuer explained in detail in current report no. 17/2021. Additionally, the Issuer indicates that it has still not received from Prohuman the relevant data for the Prohuman Capital Group prepared in accordance with IFRS. The data included in the separate financial statements of Prohuman may differ from the consolidated data of the Prohuman Capital Group. As a result of the analysis, the Issuer decided that it is justified to classify the information referred to above as confidential information within the meaning of Art. 17.1 of the MAR, to be published in the form of this report. Legal basis: Art. 17.1 of MAR (Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC). Signatures: Iwona Szmitkowska - President of the Management Board Paolo Caramello - Vice-President of the Management Board
The key figures published by Prohuman are as follows: 2019 THUF: Total assets - 15 261 824 Shareholders’ equity- 7 187 532 Net income (after tax) - 1 063 631 Total revenue - 34 320 108 Pre-tax profit - 1 166 587 2020 THUF: Total assets - 17 592 432 Shareholders’ equity - 8 443 342 Net income (after tax) - 1 255 810 Total revenue - 31 873 764 Pre-tax profit - 1 374 017 Publication of the separate financial statement of Prohuman in accordance with the obligations resulting from the provisions of the Hungarian law does not change the degree of control of the Issuer over Prohuman Capital Group, to which Prohuman belongs. Consequently, the information disclosed by the Issuer in the current reports no. 109/2020 and 17/2021 remain up-to-date and do not change. At the same time, the Management Board informs that the content of the financial statement made available by Prohuman is false, which after translation into Polish reads as follows: "Work Service S.A. prepares consolidated financial statements of the Work Service Capital Group which also includes the entire (consolidated) financial statement of Prohuman. The consolidated financial statements and the annual report of the Work Service Group prepared in accordance with IFRS are available at the Work Service website (http://www.workservice.com/)". The above wording is false and misleading because the consolidated financial statements of Work Service Capital Group do not include data from the consolidated financial statements of Prohuman, which the Issuer explained in detail in current report no. 17/2021. Additionally, the Issuer indicates that it has still not received from Prohuman the relevant data for the Prohuman Capital Group prepared in accordance with IFRS. The data included in the separate financial statements of Prohuman may differ from the consolidated data of the Prohuman Capital Group. As a result of the analysis, the Issuer decided that it is justified to classify the information referred to above as confidential information within the meaning of Art. 17.1 of the MAR, to be published in the form of this report. Legal basis: Art. 17.1 of MAR (Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC). Signatures: Iwona Szmitkowska - President of the Management Board Paolo Caramello - Vice-President of the Management Board