Premuda will record total devaluations of ships for 19,9 million dollars



The Italian shipowning society Premuda has communicated that, in the picture of the process of restructure of the group indebtedness, the board of directors has preliminarily carried out impairment the test of the fleet of the group on the base of the contained esteem of last hire in slowly the industrial one introduced to banks in November 2015 and verified the estate of the values of book on December 31, 2015 regarding the correspondent "value in use".

To light of the ulterior decrease recorded in the first part of 2016 in the market of the hires, with particular reference to the section of cargos it dry (with medium every day yields of the first period of two months that have turned out inferior between 40% and 63% regarding the averages of the entire year the 2015) - it has explained the society - board of directors has demanded to the independent expert Venice Shipping and Logistics (VSL) a confirmation that is an update of the previewed installments of hire in the industrial plan (used also for the appraisals of impairment the test) to apply for the current exercise 2016 and the next ones.

Premuda has announced that the new received indications have turned out inferior regarding the esteem precedence for how much concerns the units from dry cargo, while they are confirmed for the units to cisterniere. To outcome of such appraisals - it has specified the company - the board of directors has supplied to update the parameters applied for impairment the test of the fleet of the group, whose outcomes determine the requirement to bring in the consolidated financial statement 2015 devaluations of total ships for 19,9 million dollars about (pairs to 18,3 million euros about to the change of end 2015), of which about 5,2 million dollars at the expense of Premuda Spa and residual one at the expense of the controlled Four Handy Ltd.

The Italian shipowning society has specified that, also in absence of a precise quantification of the civilistico result of Premuda Spa (not having been still available the budgets on December 31, 2015 of all the societies of the group, that they will allow to carry out adequate impairment a test of the participation in Premuda International Sah), the board of directors considers that much presumablly the project budgetary of exercise 2015 of Premuda Spa (that will be finalized within the first half of April for being assembly subordinate to approval in the next month of May) will evidence a decrease of the share capital of beyond a third party.