Agfa-Gevaert conference call regarding revised accounting standard IAS 19R - Employee Benefits

Wed Feb 6, 2013 1:45am EST

* Reuters is not responsible for the content in this press release.

For best results when printing this announcement, please click on the link below:

Mortsel / Belgium, February 6, 2013 - 7.45 a.m. CET

Later today (February 6, 2013 - 10.00 a.m. CET) Kris Hoornaert, CFO of the Agfa-Gevaert Group,
will host a conference call to update the markets on the effects of the changes in financial
reporting on Employee Benefits - IAS19R. The company will clarify the amendments on this subject
that were provided in the 2011 Annual Report.
The slides of the presentation will be published on the company's website ( ) prior to the call. The transcript of the call will be published after the

As a result of the changes in the IAS19 standard, the Agfa-Gevaert Group will adapt its accounting
presentation as from January 2013. On the profit and loss statement, pension costs will decrease,
mainly due to the removal of the amortization of actuarial gains and losses related to
post-employment benefits. On the balance sheet statement, deferred actuarial gains and losses
related to post-employment benefits will be immediately recognized in equity. 

The changes will have no impact on the Group's pension cash outflows, business flows and current
bank covenants.
(end of message) 

About Agfa 
The Agfa-Gevaert Group develops, manufactures and distributes an extensive range of analogue and
digital imaging systems and IT solutions, mainly for the printing industry and the healthcare
sector, as well as for specific industrial applications. 
Agfa's headquarters and parent company are located in Mortsel, Belgium. The Group's operational
activities are divided in three independent business groups, Agfa Graphics, Agfa HealthCare and
Agfa Specialty Products. 
All business groups have strong market positions, well-defined strategies and full
responsibilities, authority and accountability.
Agfa-Gevaert has production facilities around the world, with the largest production and research
centers in Belgium, the United States, Canada, Germany, France, Italy and China. 
Agfa is commercially active worldwide through wholly owned sales organizations in more than 40
countries. In countries where Agfa does not have its own sales organization, the market is served
by a network of agents and representatives.
The Agfa-Gevaert Group achieved a turnover of 3,023 million Euro in 2011.

Agfa-Gevaert Press contacts:
Viviane Dictus
Director Corporate Communication
T +32 3 444 7124

Johan Jacobs
Corporate Press Relations Manager
T +32 3 444 8015

Press release 


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: Agfa-Gevaert via Thomson Reuters ONE


Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.