EANS-News: asknet AG
Unscheduled provisions have negative impact on H1 results
-------------------------------------------------------------------------------- Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information Subtitle: +++ Tax authorities issue notification of interest charge due to a formal error during VAT calculations for software publishers +++ asknet assesses legal options and will apply for suspended payment Karlsruhe (euro adhoc) - July 20, 2011 - asknet AG, a leading supplier of global eCommerce solutions for software and digital media companies, today announced that during an internal audit of the billing modalities with software publishers, formal errors were found under tax law that resulted in incorrect credit notes being electronically sent to individual software publishers. asknet AG corrected these credit notes and sent them to the software publishers in physical form as soon as the errors had been discovered. The matter was reported to the tax authorities as part of the corrective measures. On July 19, 2011, Karlsruhe Tax Office issued a notification of interest charges to the amount of EUR 763 thousand. asknet AG is currently assessing its legal options against this notification of interest charges, as according to the judgment of the European Court, interest should not be applied for corresponding formal errors and the company will therefore apply for a suspension of execution with the tax authorities in question. Regardless of the potential outcome of the proceedings, this interest is being recognized as an expense in the half-yearly financial statements and will have negative impact on the half-yearly results. The company will publish the half-year report 2011 on August 15, 2011. About asknet asknet offers its clients customized outsourcing solutions for global software sales via the Internet. Founded in 1995 as a spin-off of the Karlsruhe Institute of Technology (KIT, formerly the University of Karlsruhe), the company has become a leading independent global provider for electronic software distribution. In addition to its fully integrated shop solutions for software publishers, the company develops and maintains portals for software distribution such as softwarehouse.de, one of Europe's largest platform for downloads of standard software. In 2010, asknet posted sales of approximately 72.7 million euros. asknet´s clients include numerous providers of specialty software such as F-Secure, IS3, Nero, NetObjects, Norman, and Panda Security. The company also supplies software products to around eighty percent of German universities. Further inquiry note: Madeleine Clark Tel.: +49 (0)721-96 458-6116 E-Mail: Madeleine.Clark@asknet.de end of announcement euro adhoc -------------------------------------------------------------------------------- company: asknet AG Vincenz-Priessnitz-Str. 3 D-76131 Karlsruhe phone: +49 (0)721 96 458 6369 FAX: +49 (0)721-96 45899 mail: info@asknet.de WWW: http://www.asknet.de sector: Electronic Commerce ISIN: DE0005173306 indexes: stockmarkets: free trade: Berlin, Stuttgart, Düsseldorf, München, Open Market / Entry Standard: Frankfurt language: English
Original content of: asknet AG, transmitted by news aktuell