SUMIDA: Investor News
SUMIDA CORPORATION announces the posting of extraordinary profit and loss in the consolidated financial results for twelve months period from January 1, 2014 through December 31, 2014.
1. Extraordinary Profit
The breakdowns of extraordinary profit posted in the consolidated financial results for twelve months period of FY2014 are as follows.
| Millions of Yen | |
| -Insurance money received to cover the damages incurred by the floods in Germany in June, 2013 | 495 |
| -Subsidies received from German government to cover the damages incurred by the floods in Germany in June, 2013 | 359 |
| -In accordance with IFRS, reversal of impairment loss accrued in FY2013 for the buildings owned by German subsidiaries | 137 |
| -Others | 19 |
| TOTAL | 1,010 |
2. Extraordinary Loss
The breakdowns of extraordinary loss posted in the consolidated financial results for twelve months period of FY2014 are as follows.
| Millions of Yen | |
| -Loss suffered from the floods’ damages in Germany in June, 2013 | 303 |
| -Additional payments of social welfare expenses in China | 310 |
| -Others | 34 |
| TOTAL | 647 |
3. Impact on Performance
The above-mentioned extraordinary profit and loss were reflected in Consolidated Earnings Report (Japanese Standards) for FY2014 ending December 31, 2014 which was announced today.
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