Company release, January 29, 2018 at 14:50 EET
Transition to IFRS reporting
Nixu Corporation follows the growth strategy that includes acquisitions. As part of this growth strategy, Nixu has announced its intention to transit to the Nasdaq Helsinki Stock Exchange list in order to increase its visibility and liquidity of the share as well as possibilities for funding the growth.
Nixu Corporation published in a company release on December 15, 2017 that it will prepare and publish its consolidated financial statements and financial statements release for the year ended December 31, 2017 in accordance with the International Financial Reporting Standards (IFRS) related to the transition to the stock exchange list. Previously Nixu has prepared its published financial statements for the year ended December 31, 2016 and the half-year report for the six months ended June 30, 2017 in accordance with Finnish Accounting Standards (FAS).
Nixu has prepared the following unaudited IFRS financial information to provide its investors comparative information on Nixu Group’s previously published consolidated statement of comprehensive income, consolidated statement of financial position and key figures for the year ended December 31, 2016, the six month period ended June 30, 2016, December 31, 2016 and June 30, 2017 as well as consolidated statement of financial position as at the transition date to IFRS January 1, 2016.
Key differences to the Finnish Accounting Standards resulting from the transition to IFRS are described in accompanying notes to this company release. For additional information on the historical financial information prepared in accordance with FAS, refer to the audited historical consolidated financial statements and the unaudited half year consolidated financial information of Nixu on Nixu’s website at www.nixu.com.
The financial information included in this release is unaudited except for the consolidated statement of comprehensive income, the consolidated statement of financial position information for the year ended December 31, 2016 and the consolidated statement of financial position information under FAS for the year ended December 31, 2015.