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Profit and loss effect of pension scheme changes


March 7, 2012 - London

(Oslo, 7 March 2012) EDB ErgoGroup ASA has decided to wind up an earlier pension scheme operated by the former company IS Partner, and the scheme is now co-ordinated with the current AFP early retirement scheme. This will result in a reduction in annual pension costs of NOK 7.5 million. In addition, capitalised pension liabilities, including un-amortised actuarial gains related to the scheme, will be recognised to profit and loss, and this will have a non-recurring positive effect in the order of NOK 50 million in the first quarter of 2012

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

Contact names:

Eli Giske, CFO, EDB ErgoGroup. Tel: +47 908 44 189
Geir Remman, SVP Corporate Communications, EDB ErgoGroup. Tel: + 47 970 55 017

About EDB ErgoGroup
EDB ErgoGroup ASA is one of the leading Nordic IT services companies, with some 10,000 employees and annual turnover in order of NOK 12 billion. The company is listed on the Oslo Stock Exchange and operates from headquarters in Oslo with major activities in both the Norwegian and Swedish markets. In all, the company operates from 100 offices in the Nordic countries.



This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: EDB ErgoGroup ASA via Thomson Reuters ONE

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