STOCKHOLM, Sweden, December 13, 2002 (PRIMEZONE) -- Tax authorities have denied Intentia International AB (publ.) (Other OTC:IAINF) a SEK 372 million deduction for losses incurred as a result of liquidation of one of its subsidiaries during fiscal year 2001. Intentia will file an appeal at the county administrative court. Intentia is confident that the claim fordeduction will be upheld by the higher court and that the company will not be required to write off deferred tax assets in the amount of SEK 104 million. The decision affects neither earnings nor cash flow for fiscal year 2002.
According to the applicable accounting principles, fiscal losses carried forward are to be reported as "Deferred tax assets" under Financial Fixed Assets in the parent company and the group's balance sheets. The SEK 104 million referred to in this case is included in the amount reported for this item.
About Intentia
Intentia is one of the world's leading suppliers of collaboration solutions. Our vision is to become the leading global collaboration solutions vendor by supplying our customers with tomorrow's solutions today. Intentia offers a one-stop shop for all collaboration needs within numerous industry segments. We develop, implement and maintain our own solutions to produce the highest possible level of customer satisfaction. The Intentia Solution consists of applications covering customer relationship management (CRM), enterprise management (ENM), supply chain management (SCM), business performance measurement(BPM), e-business and value chain collaboration (VCC). Intentia has more than 3,200 employees and serves over 3,400 customers in the manufacturing, maintenance and distribution industries via a global network spanning some 40 countries. Intentia is a public company traded on the Stockholm Stock Exchange (XSSE) under the symbol INT B.
Visit Intentia's Web site at www.intentia.com