Klövern is appealing the loss carryforward-case to the Supreme Administrative Court

2010-11-29

Klövern is appealing the case concerning further loss carryforwards totalling approximately SEK 5 billion to the Supreme Administrative Court.

In August 2010, the Administrative Court of Appeal notified a judgment that entails that Klövern will not be granted almost SEK 5 billion of new loss carryforwards deriving from the time when the company was engaged in IT operations.

“We have fought this case since 2003. There is every reason to appeal to the Supreme Administrative Court when we are convinced that we are right and large amounts are at stake. If there is a witnessed agreement in writing on purchase and sale of shares, which is binding on the parties, this must also apply for taxation”, says Klövern’s CEO Gustaf Hermelin.

 

“We think that it is possible that the Supreme Administrative Court will grant leave to appeal as the issue of what is a divestment of shares for tax purposes involves important issues of principle. It is no longer a matter of what piece or pieces of evidence exist in support of or against there being a binding agreement. This has already been entirely resolved at the Administrative Court of Appeal. The matter to be considered now is whether the evidence supporting a divestment achieves the evidentiary requirement of being probable”, say the company’s attorneys Thomas Andersson, Deloitte and Börje Leidhammar, Wistrand advokatbyrå.

 

Nyköping, 29 November 2010

 

Klövern AB (publ)

 

For further information, please contact:
Gustaf Hermelin, CEO, +46 155-44 33 10/+46 70-560 00 00, gustaf.hermelin@staging-wwwklovernse.wp4.triggerfish.cloud
Britt-Marie Einar, Finance and IR Manager, vice CEO, +46 155-44 33 12/+46 70-224 29 35,
britt-marie.einar@staging-wwwklovernse.wp4.triggerfish.cloud

 

This information is such that Klövern AB (publ) may be obliged to publish under the Securities Market Act and/or the Financial Instruments Trading Act. The information was made available for publication at 1 pm on 29 November 2010.

 

Klövern is a real estate company committed to working closely with customers to meet their needs of premises and services in Swedish growth regions. Klövern has business units in ten cities: Borås, Karlstad, Kista, Linköping, Norrköping, Nyköping, Täby, Uppsala, Västerås and Örebro. As at 30 September 2010, the value of the properties totalled approximately SEK 12.2 billion and the rental income on an annual basis was around SEK 1.4 billion. The Klövern share is listed on Nasdaq OMX Nordic Exchange in Stockholm for medium-sized companies.

 

Klövern AB (publ), Box 1024, SE-611 29 Nyköping, Sweden. Tel +46 155-44 33 00, Fax +46 155-44 33 22. Corporate registration no. 556482-5833. Registered office: Nyköping. Website: www.staging-wwwklovernse.wp4.triggerfish.cloud.