New Venturetec AG in Liq. Opening liquidation balance sheet as per July 10, 2019
Zug, October 24, 2019: The liquidator of New Venturetec AG in Liq., submitted today the audited opening liquidation balance sheet as per July 10, 2019 for publication, together with the income statement for the interim period October 1, 2018 to July 9, 2019. The balance sheet and income statement where prepared in accordance with SWISS GAAP.
New Venturetec AG in Liq. closed the interim period October 1, 2018 to July 9, 2019 with a profit after taxes of CHF 28,462,481 from operating activities. The adjusted profit as of July 10, 2019, considering the anticipated future costs of fulfilling contractual agreements (advisory Fees: CHF 193,089; interest expenses: CHF 129,947), ordinary administrative expenses (CHF 111,310) and liquidation expenses (CHF 105’000), amounts to CHF 27,923,135.
The opening liquidation balance sheet can be downloaded from /investors/reports.
The remaining company’s assets consist mainly of USD liquidity and the investment in Myriad, which remains marketable. When disposing of these assets, the liquidator takes into account the investment guidelines of New Venturetec, as well as the negative interest rate environment in Swiss francs.
About New Venturetec
New Venturetec in Liq. is a publicly traded Swiss investment company (SIX: NEV), which will delist the company's shares (SIX: NEV; ISIN CH0007036830) from trading on the SIX Swiss Exchange.