The current amount of write-offs for the loss of fixed assets and receivables made by Sfinks Polska against the costs of Q4 2020 is PLN 12.5 million on a stand-alone basis and PLN 11.2 million on a consolidated basis, the company announced.
In February this year, Sfinks Polska announced that it decided to make write-offs updating the value of assets, which will reduce the gross result before tax for 2020 by PLN 4.8 million.
Moreover, based on the prepared projections of the tax result as at the balance sheet date, the company also analyzed the possibility of realizing negative temporary differences, as a result of which it decreased the value of the deferred income tax asset of the company and the Group.
In terms of sales volume and the number of restaurants, Sfinks is the largest casual dining chain in Poland. Sfinks Polska is also the third largest gastronomic company in Poland in terms of revenues. The company has been listed on the WSE since 2006.
Source: ISBnews and Sfinks
