WAALWIJK, The Netherlands, January 19 /PRNewswire/ -- The Management Board of DOCDATA N.V. announces that the company docdata media Ltd. (United Kingdom) has been liquidated. This company performed till the moment of sale of its activities as per end of January 2009 business activities for CD and DVD replication and Audio Cassette manufacturing in Telford (United Kingdom).
As a consequence of the liquidation of docdata media Ltd., the Dutch fiscal unity headed by DOCDATA N.V. can make an allowance for a liquidation loss in the 2009 financial year. Accordingly, a liquidation loss of over EUR 15 million will be deducted from the 2009 taxable profit of the fiscal unity. As a result of expansion of the rules for backward loss relief ('carry back') starting 2010, the resulting negative taxable amount of the DOCDATA N.V. fiscal unity for the year 2009 can be offset against taxable profits for the years 2006 and 2007. In relation to this liquidation DOCDATA N.V. will be able to record a tax gain of approximately EUR 4 million in 2009 with respect to the liquidation loss.
DOCDATA N.V. will publish the 2009 year-end results on Thursday, 18 February 2010. Until that time, the Management Board of DOCDATA N.V. will make no further announcements. As announced in the interim notice on 26 October 2009, the Management Board will present an update of the strategy 'Vision 2010: Gear to Growth' at the publication of the 2009 year-end results. The Management Board intends to give a follow-up and a further refinement to the current strategy for the years 2010 till 2012. They will also further address the remaining business activities for CD and DVD replication, with regard to the future expectations and the applicable policies for the accounting and the valuation of these business activities as per 31 December 2009.
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The listed DOCDATA N.V. exists of two lines of business:
Internet service company Docdata (http://www.docdata.com) is a European market leader with a strong basis in The Netherlands, Germany and the United Kingdom, and exists of four services:
- Docdata commerce - Docdata payments - Docdata fulfilment - Docdata media
Technology company IAI industrial systems ( http://www.iai-industrial-systems.com) is a high tech engineering company specialised in developing and building systems for very accurate and high speed processing of all kinds of products and materials. IAI delivers clients globally in the following sectors:
- securing and personalising of security documents - processing of solar cells and modules - processing of other materials and products
Corporate website: http://www.docdatanv.com PRN NLD
SOURCE: docdata N.V.
CONTACT: Further information: DOCDATA N.V., M.E.T. Verstraeten, CFO, Tel.+31-416-631-100,
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