Estimation of the consolidated net result of City Interactive Capital Group for July-August 2010 Acting pursuant to Art. 5(1)(25) of the Resolution of the Minister of Finance dated 19 February 2009 in the matter of current and periodical information communicated by issuers of securities and terms of recognition of information required by provisions of the law of non-member states as equivalent (Journal of Laws Dz.U. No. 33, item 259, as amended), the Management Board of City Interactive S.A. hereby communicates the estimation of consolidated net result of the Capital Group for July-August 2010. Revenue 27.9 million Gross profit on sales 19.6 million Gross profit 13.3 million Net profit 11.6 million The present estimations were prepared by the Company under the following assumptions: Company?s consolidated base currency is PLN.
Revenue generated by City Interactive S.A. and the companies forming the City Interactive Capital Group in currencies other than the consolidated base currency were converted and presented in accordance with the International Financial Reporting Standards, included being all effected transactions as well as those which will have been effected by the end of the period of estimation.
Returns noted in the estimation period will be settled against the reserve created for this purpose in the first half of 2010.
Variable costs were assumed to equal the actual manufacturing cost which will be borne by the Issuer in relation to the number of copies sold.
Fixed costs were estimated on the basis of costs incurred by the Issuer in Q2 2010 and include all expected one-off events having impact on their value. Financial costs include currency exchange loss in the amount of PLN 1.2 million.
Current corporate income tax was assumed to equal the actual tax to be paid and was adjusted by deferred tax.
The Company?s Management Board will be constantly monitoring the performance of the estimations.
The presented revenue estimations were not subject to verification by a chartered auditor.
