Trelleborg wins tax case in County Administrative Court
Trelleborg wins tax case in County Administrative Court The County Administrative Court in the County of Skåne has ruled in favour of Trelleborg AB's deduction for a taxable loss of SEK 600 M that arose in connection with the divestment of operations in 1999. The Tax Authorities have the opportunity to appeal the ruling within two months from the announcement of the ruling at the beginning of March 2004. The value of the loss carryforward, which is estimated at SEK 168 M, has not previously been reported as an asset in the Company's accounts. The possible future capitalization and application of the tax value of the loss carryforward will therefore have a positive effect on the Company's earnings and cash flow. An examination of how the loss carryforward may be applied will take place once the ruling has become legally binding. For further information, contact Senior Vice President, Taxes and Group Structure, Claes Jörwall, +46 (0)410-670 53, +46 (0)708-552033, or Senior Vice President, Corporate Communications, Mikael Byström, +46 (0)410-670 37 or +46 (0)708-55 21 69. Trelleborg is a global industrial group. Operations are based on spearhead competence within polymer materials and a high level of industrial know-how, combined with functional solutions and systems designed to meet the needs of our customers. The Trelleborg Group has annual sales of approximately SEK 22.5 billion, with about 21,000 employees in 40 countries. Trelleborg consists of five business areas: Trelleborg Automotive, Trelleborg Wheel Systems, Trelleborg Engineered Systems, Trelleborg Building Systems and Trelleborg Sealing Solutions. The Trelleborg share has been quoted on the A list of Stockholmsbörsen since 1964. www.trelleborg.com ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2004/03/11/20040311BIT20520/wkr0006.pdf