Current Report No. 35/2021: Correction of interim report for Q1 2021

The Management Board of KRUK S.A. publishes a correction of the KRUK Group’s report for the period January 1st-March 31st 2021, issued on May 24th 2021. The correction affects the amounts of total assets and total equity and liabilities in the interim condensed consolidated statement of financial position of the KRUK Group as at March 31st 2021 and March 31st 2020 as included in the report for the first quarter of 2021 by  reducing them by PLN 57,609 thousand and PLN 52,561 thousand, respectively The correction is made as a consequence of failure to include in the consolidated statement of financial position the offset of deferred tax assets and deferred tax liabilities for individual taxpayers within a single tax jurisdiction, holding a legally enforceable right to set off the amounts. The Management Board of KRUK S.A. also announces that the correction does not affect the other items of the interim condensed consolidated financial statements of the KRUK Group, in particular it has no effect on the KRUK Group’s consolidated statement of profit or loss for the first quarter of 2021 or the first quarter of 2020. Neither does the correction affect KRUK S.A.’s interim condensed separate financial statements for the first quarter of 2021 or the first quarter of 2020. A detailed description of the correction is attached as an appendix to this report.
Detailed legal basis: Par. 15.4 of the Regulation of the Minister of Finance of March 29th 2018 on current and periodic information […]