Spring naar content gedeelte
KPN to lodge appeal in2000 annual accounts dispute
Den Haag, 8-7-04
Pending the outcome of the appeal with the Supreme Court, the decision of the Enterprise Section does not yet come into effect.
The Enterprise Section found in favour of KPN on a number of points and in favour of SOBI on a number of other points.
SOBI claimed the nullification of KPNs annual accounts for 2000 because it considered that KPN did not properly report the valuation of goodwill and licenses mainly related to E-Plus and the sale of a 15% interest in KPN Mobile to NTT DoCoMo.
The Enterprise Section has ordered KPN to alter the 2000 annual accounts with respect to the classification of this last item in the profit and loss accounts, as well as to alter the explanatory notes in a number of instances.
This decision has no impact on the results for 2000.
KPN maintains that the NTT DoCoMo transaction was reported in the proper manner in the annual accounts for 2000, and that KPN correctly implemented the appropriate valuation principles. It wishes to emphasise that the decision does not affect the KPN 2000 US GAAP accounts as these fully comply with the generally accepted accounting principles for the US (US GAAP).
*SOBI = Foundation for the Investigation of Corporate Information
