MAN OIL GROUP AG

DGAP-News: MAN OIL GROUP AG ANNOUNCEMENT: FINANCIAL REPORT 2013

DGAP-News: MAN OIL GROUP AG / Key word(s): Final Results
MAN OIL GROUP AG ANNOUNCEMENT: FINANCIAL REPORT 2013

23.07.2014 / 19:44

---------------------------------------------------------------------

MAN OIL GROUP AG: ANNUAL FINANCIAL REPORT 2013

Financial Statements for the year ended 31 December 2013

Zug, Swiss, 23 July 2014, Man Oil Group AG ("MOG" or the "Company") would
like to announce that the previous press release and figures released
should be taken as preliminary results.

Fully audited results have been corrected and the Company's audited annual
financial statements for year ended 31st December 2013 (collectively, the
"2013 Annual Financial Statements") are with immediate effect published to
the market.

The amendments are as follows:

Audited Financial Statements

Balance sheet as of 31 December 2013

Assets



                                        31.12.2013               31.12.2012
                                               CHF                      CHF

Liquid assets                                    0               193'227.73

Other accounts receivable               143'101.69                89'406.08

Accrued assets                                   0                11'879.20



Current assets                          143'101.69               294'513.01


Loans intercompany                    4'632'872.25             4'528'516.28

Participations                        1'104'039.42             1'104'039.42

Machines                              1'052'518.65             1'052'518.65
Furniture                                10'900.00                14'500.00

IT                                       18'100.00                27'100.00

Intangible assets - Patent               23'100.00                19'300.00



Fixed assets                          6'841'530.32             6'745'974.35
Assets                                6'984'632.01             7'040'487.36





Liabilities and Equity


                                        31.12.2013               31.12.2012
                                               CHF                      CHF



Bank liabilities                          3'657.15                        0
Accounts payables                     2'159'364.82             1'805'357.41

Accrued liabilities                     586'000.00                48'940.00



Short-term liabilities                2'749'021.97             1'854'297.41


Loans related party                   1'674'218.61             6'874'604.05
Loans intercompany                       82'961.04                93'175.30

Loans third party                       502'968.75               502'968.75



Long-term liabilities                 2'260'148.40             7'470'748.10
Liabilities                           5'009'170.37             9'325'045.51



Share capital                         1'805'694.00             1'580'000.00
Reserve contribution of capital       9'698'528.20             2'860'000.00

Loss brought forward                 -6'724'558.15            -2'954'390.32

Result for the period                -2'804'202.41            -3'770'167.83



Equity                                1'975'461.64            -2'284'558.15
Liabilities and equity                6'984'632.01             7'040'487.36



Profit and Loss Statement


                                           2 0 1 3                  2 0 1 2
                                               CHF                      CHF

Direct costs                            -80'159.55              -115'426.67

Research & Development costs           -105'666.08              -235'920.75

Personal expenses                      -758'446.72              -728'405.10

Travel expenses                        -170'487.64              -535'740.46

Rent and related expenses               -80'112.15               -65'581.80

Maintenance expenses                             0               -13'158.90

Charges and duties                      -66'202.02                        0

Electricity, water                         -976.25                -2'533.95

Administration expenses                 -61'145.74               -77'334.06

Consulting fees                      -1'077'621.19            -2'065'991.01

Advertising and summit expenses         -23'039.35               -41'601.70

Other expenses                          -10'751.00                -3'640.38



Operating costs                      -2'434'607.69            -3'885'334.78


Operating result                     -2'434'607.69            -3'885'334.78


Depreciation                            -14'967.05               -11'754.67

Financial income                        535'960.21               825'761.24
Financial expenses                     -438'392.18              -697'339.62

Extraordinary expenses                 -450'000.00                     0.00

Taxes                                    -2'195.70                -1'500.00



Result for the year                  -2'804'202.41            -3'770'167.83








The consolidated loss for the year after taxation transferred against
reserves amounted to CHF 2'804'202.41.

The Directors of the company accept responsibility for this announcement.

To find out more about Man Oil Group AG, please visit our website at

www.manoilgroup.com.



Contact:

Man Oil Group AG

Bleichistrasse 8

6300 Zug, Switzerland

Tel.: +41 41 500 16 90

Fax: +41 41 500 16 91

ir@manoilgroup.com



Disclaimer:

This notice constitutes neither an offer to sell nor a solicitation of
offers to purchase or subscribe to securities. There will be no public
offering of securities of Man Oil Group AG in conjunction with the existing
listing of its shares in the GXG Markets First Quote (GXGF) on the GXG
Markets. This notice does not constitute a securities prospectus. Neither
this notice nor the information contained within is intended for direct or
indirect distribution within Canada, Australia or Japan.



End of Corporate News


End of Corporate News

---------------------------------------------------------------------

23.07.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------


279084 23.07.2014
 

 


Das könnte Sie auch interessieren: