| 04-16-2007 07:02 PM CET - Business, Economy, Finances, Banking & Insurance |
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direct/ All Nippon Airways: Revision Forecast FY2006
Press release from: All Nippon Airways
(openPR) - ANA Announces Recording of Extraordinary Gain and Revision of Performance Forecast for the Fiscal Year Ended March 31, 2007
On April 13, ANA concluded an agreement for the transfer of the shares and assets of hotel-related subsidiaries. Following consultations with its independent auditors, ANA recorded a reversal to extraordinary gain of the allowance for bad debt related to those subsidiaries (about 7.0 billion yen) and applied tax effect accounting principles to the valuation loss on the transferred shares (about 4.0 billion yen). As a result, ANA has revised its non-consolidated performance forecast for the fiscal year ended March 31, 2007,as indicated below. The consolidated performance forecast is currently being reconsidered, and a notice will be provided when those figures are determined.
1. Revision of non-consolidated performance forecast
Non-consolidated performance forecast for the fiscal year ended March 31, 2007
(April 1, 2006, to March 31, 2007)
Attachment to the press release:
www.directnewsroom.de/servlets/LoadBinaryServlet/1881345/...
Attachment to the press release:
www.directnewsroom.de/servlets/LoadBinaryServlet/1881345/...
This information is provided by RNS
The company news service from the London Stock Exchange
END
The announcement distributed by directnews.
The issuer is solely responsible for the content of this announcement.
On April 13, ANA concluded an agreement for the transfer of the shares and assets of hotel-related subsidiaries. Following consultations with its independent auditors, ANA recorded a reversal to extraordinary gain of the allowance for bad debt related to those subsidiaries (about 7.0 billion yen) and applied tax effect accounting principles to the valuation loss on the transferred shares (about 4.0 billion yen). As a result, ANA has revised its non-consolidated performance forecast for the fiscal year ended March 31, 2007,as indicated below. The consolidated performance forecast is currently being reconsidered, and a notice will be provided when those figures are determined.
1. Revision of non-consolidated performance forecast
Non-consolidated performance forecast for the fiscal year ended March 31, 2007
(April 1, 2006, to March 31, 2007)
Attachment to the press release:
www.directnewsroom.de/servlets/LoadBinaryServlet/1881345/...
Attachment to the press release:
www.directnewsroom.de/servlets/LoadBinaryServlet/1881345/...
This information is provided by RNS
The company news service from the London Stock Exchange
END
The announcement distributed by directnews.
The issuer is solely responsible for the content of this announcement.
News-ID: 18776
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