BUWOG AG: Application of the newly applicable regulations of IFRS 15 in BUWOG Group

2018-04-19 17:55

publikacja
2018-04-19 17:55

Spis treści:

3. SIGNATURE OF PERSONS REPRESENTING THE COMPANY

Spis załącznikĂłw:
2018-04-19_Adhoc_ENG_final.pdf (REPORT)

POLISH FINANCIAL SUPERVISION AUTHORITY
		UNI - EN REPORT No		39	/	39
Date of issue:	2018-04-19
Short name of the issuer
BUWOG AG
Subject
Application of the newly applicable regulations of IFRS 15 in BUWOG Group
Official market - legal basis
Unofficial market - legal basis
Contents of the report:
As laid out in its Annual Report 2016/17, BUWOG Group will, on the basis of the for BUWOG Group mandatory new rules and regulations of IFRS 15, recognise sales of real estate inventories in its business area Property Development proportionally and period-based. Thus, revenues and costs of goods sold as well as contractual assets and liabilities will be recognised period-based and proportional to the duration of the respective project and its respective stage of completion (percentage-of-completion method). For its financial year 2018/19, BUWOG Group expects a positive impact – merely accountingwise - on the Recurring FFO in the amount of approx. EUR 30mn in addition to its previously communicated outlook of EUR 150mn on the basis of the previously applicable accounting practice.
Annexes
File			Description
2018-04-19 Adhoc_ENG final.pdf2018-04-19 Adhoc_ENG final.pdf			Application of the newly applicable regulations of IFRS 15 in BUWOG Group

BUWOG AG

(fullname of the issuer)

BUWOG AG

(short name of the issuer)

(sector according to clasification
of the WSE in Warsow)

1130

Wiedeń

(post code)

(city)

Hietzinger Kai

131

(street)

(number)

+43 1 87 828 12 05

+43 1 87 828 52 05

(phone number)

(fax)

(e-mail)

(web site)

ATU68290645

(NIP)

(REGON)

SIGNATURE OF PERSONS REPRESENTING THE COMPANY
Date	Name	Position / Function	Signature
2018-04-19	Holger Lüth	Managing Director IR & Corporate Finance

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