IN-motion AG
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Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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IN-motion will appeal to Arbitration Panel – Audited consolidated financial
statements will be announced on April 8
Frankfurt am Main, April 2, 2002 – Deutsche Börse AG informed IN-motion
AG movie & TV productions in advance per fax that the trading of the shares of
IN-motion AG will be terminated on the Neuer Markt with effect of April 29,
2002. Against this termination IN-motion AG will object with all legal remedies
necessary and appeal to the Primary Markets Arbitration Panel of Deutsche Börse
AG. Should this appeal not succeed, the shares of the company will be traded on
the Geregelter Markt.
IN-motion AG’s executive board and the auditors have jointly decided that the
relationship regarding the revenues from production services for the German
media funds will now be treated as long-term financing. Accordingly, IN-motion
AG had to adjust their consolidated financial statements. Therefore the company
now announces preliminary sales for the financial year 2000/2001 of EURO 85.2
million and a net loss of EURO 5.2 million according to US-GAAP. The comparable
figures for last year amount to EURO 37.1 million in sales and EURO 7.0 million
net profit.
According to US-GAAP, the profit margin derived from the production services
will be spread over the maturity of the funds. German GAAP treats the profit
margin differently and shows it in the year of production. Therefore, the
financial statements of IN-motion AG are not effected by the changed treatment
in US-GAAP. According to German GAAP, IN-motion shows revenues of EURO 121.4
million and EURO 7.0 million net profit.
The audited consolidated financial statements according to US-GAAP will be
announced after trading on April 8.
end of ad-hoc-announcement (c)DGAP 02.04.2002
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WKN: 622380; ISIN: DE0006223803; Index:
Listed: Neuer Markt in Frankfurt; Freiverkehr in Berlin, Bremen, Düsseldorf,
Hamburg, Hannover, München und Stuttgart
020832 Apr 02
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