Correction of error in Year-end report 2022
Scout Gaming Group AB, ”company” or ”SGG” has identified an error in the year-end accounts for the financial year 2022 which have a negative impact on the result.
The correction amounts to SEK 4.3 million, which will be booked as a liability to players in the balance sheet and an expense in the profit & loss. The amount will give a cash flow effect during May and June of 2023 when tournaments are finalized.
The change on the profit and loss are the following:
| Group income statement (kSEK) | Previously reported Oct-Dec 2022 | CorrectedOct-Dec 2022 | Previously reported Full year 2022 | Corrected Full year 2022 |
| Revenue | 8,019 | 8,019 | 25,574 | 25,574 |
| Other revenues | - | - | 71 | 71 |
| Total Revenues | 8,019 | 8,019 | 25,646 | 25,646 |
| Personnel expenses | -9,385 | -9,385 | -46,396 | -46,396 |
| Other external expenses | -9,354 | -13,692 | -47,106 | -51,444 |
| Depreciation, amortization and impairment of PPE | -65 | -65 | -260 | -260 |
| Total operating expenses | -18,804 | -23,142 | -93,762 | -98,100 |
| Operating profit/loss | -10,785 | -15,123 | -68,116 | -72,454 |
| Financial items | 10,786 | 10,786 | 8,009 | 8,009 |
| Profit before tax | 1 | -4,337 | -60,107 | -64,445 |
| Tax | - | - | - | - |
| Profit/loss for the period | 1 | -4,337 | -60,107 | -64,445 |
For additional information, please contact:
Niklas Jönsson, CEO
Phone: +46 725 494 173
E-mail: [email protected]
Andreas Olsen, CFO
Phone: +47 970 75 255
E-mail: [email protected]
About Scout Gaming Group
Scout Gaming Group is a licensed and regulated provider of B2B Daily Fantasy Sports, Sportsbook, Fantasy betting and other sports betting products. The company offers a flexible and customizable network-based platform with support for most sports and leagues through an in-house StatCenter which also provides real-time information to players. The Group is headquartered in Stockholm, Sweden with development and operations in Bergen, Norway and Lviv, Ukraine. Scout Gaming is listed on Nasdaq First North Growth Market and the Certified Adviser is Redeye AB.
This information is information that Scout Gaming Group AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 17:30 CET on May 9 2023.
