Lima 13, Peru, April 11, 2014 (GLOBE NEWSWIRE) -- The Board of Directors of Camposol Holding Ltd has in its meeting on 4 April 2014, discussed and approved the final annual accounts for 2013.
Camposol Holding Ltd is restating its 2012 financial statements in order to include note 2.29 "Restatement of prior-year consolidated financial statements". The effect of such restatement was an adjustment to increase the value of the biological assets' balance on the books at year-end 2012 by USD 13.4 million and the corresponding effect in deferred income tax and deferred tax liabilities of USD 1.4 million and USD 5.4 million, correspondingly. Such adjustments only affect non-cash items.
The EBITDA calculated from the 2013 audited financial statements is USD 42.6 million for the year, the same as the result published in the Q4 2013 Results.
Attached please find 2013 audited financial statements.
For further information, please contact:
Maria Cristina Couturier, CFO
CAMPOSOL is the leading agro industrial company in Peru, the largest exporter of asparagus and soon the first producer of avocadoes in the world. It is involved in the harvest, processing and marketing of high quality agricultural products such as avocadoes, asparagus, blueberries, grapes, mangoes, peppers, artichokes, tangerines and shrimps; which are exported to Europe, the United States of America and Asia.
CAMPOSOL is a vertically integrated company located in Peru, offering fresh, preserved and frozen products. It is the third largest employer of the country, with more than 11 thousand workers in high season, and is committed to support sustainable development through a social responsibility policy and projects that increases the shared-value for all of its stakeholders.
CAMPOSOL was the first Peruvian agro industrial company to present annual audited Sustainability Reports and has achieved the following international certifications: BSCI, Global Gap, IFS, HACCP and BRC among others.
2013 Audited Financial Statements http://hugin.info/138464/R/1776967/606383.pdf
Source:Camposol Holding Plc.