Spyker N.V.
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Publicatie datum
03 mrt 2008 - 08:13
Statutaire naam
Spyker N.V.
Titel
Spyker provides an update on the sale of the Spyker F1 team effective september 30, 2007
Bericht
Press release
SPYKER PROVIDES AN UPDATE ON THE SALE OF THE SPYKER F1 TEAM EFFECTIVE SEPTEMBER 30, 2007
Zeewolde, the Netherlands, March 3 , 2008 – Spyker Cars N.V. (“Spyker” or the “Company”), manufacturer of exclusive premium sports cars, provides an update on the sale of the Spyker F1 Team effective September 30, 2007.
As announced in previous press releases, the Company has committed to provide additional information relating to the sale of the Spyker F1 Team. Unfortunately the Company has, as per today, still not reached full and final agreement with Orange India, the purchaser, on the so-called Completion Accounts as per 30 September 2007. A number of issues of relative minor financial importance - according to our expectations - is still outstanding. As a consequence, the Company will provide the update now and shall not wait until the Completion Accounts have been finalized. These issues may result in changes in the final Completion Accounts and the results per 30 September 2007 and will be corrected - if necessary - in the Q4 results.
Hereunder we provide the consolidated balance sheet per 30-9-2007 before and after the sale of “F1”, the profit and loss account as per 30 September 2007 and a breakdown of the book loss generated by the sale of the F1 team to Orange India. A prediction of the total annual result 2007 cannot be made yet because an impairment test will be made as part of the annual closing process, which might influence the final figures 2007.
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