DGAP-News: MAN OIL GROUP AG ANNOUNCEMENT: FINANCIAL REPORT 2013
23.07.2014 – 19:45
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