As previously communicated, Fabege has received the Administrative Court of Appeal’s rulings concerning a number of Fabege’s tax cases. The Administrative Court of Appeal has found that the Swedish Tax Evasion Act is applicable and that the transactions in questions are to be taxed. The rulings that have been passed demonstrate that Fabege has prevailed to some extent in its motions regarding how taxable profit should be calculated.

Based on the rulings that have been announced, the total amount by which Fabege’s taxable income has been increased has been reduced to SEK 7,623m and the total tax demand, including miscellaneous charges and fees, has been reduced to SEK 2,373m.

Fabege has reserved a total of SEK 1.9bn. The remaining amount of the Swedish Tax Agency’s full demand, i.e. SEK 0.5bn, will be recognised as a contingent liability. Fabege is currently standing by its previous decision to reserve SEK 1.9bn.

The Administrative Court of Appeal has yet to announce a time schedule for when the remaining rulings are expected to be announced.

Fabege is contesting the Administrative Court of Appeal’s decisions and intends to submit an appeal to the Supreme Administrative Court.

Fabege AB (publ)