Docdata Media Ltd. in the United Kingdom Liquidated
By Docdata N.v., PRNEMonday, January 18, 2010
WAALWIJK, The Netherlands, January 19 - 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 (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 (
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: www.docdatanv.com
PRN NLD
Further information: DOCDATA N.V., M.E.T. Verstraeten, CFO, Tel. +31-416-631-100,
Tags: docdata N.V., Netherlands, The Netherlands, Waalwijk