The (resigning) Board of Directors of Juventus has re-approved the new draft financial statements for the 2021/2022 financial year which closes with a loss of 239.3 million euros and which will be submitted to the shareholders' meeting on 27 December next.

The passage follows the analyzes and evaluations carried out by the Board itself on 28 November «after acquiring the new updated opinions, given in the light of the examination of the relevant documentation, relating to the investigation by the Public Prosecutor's Office, with reference to the so-called "salary manoeuvres", carried out in financial years 2019-20 and 2020-21», reads a note which further explains: «Having noted that these are complex profiles, relating to evaluation elements susceptible to different interpretations regarding the applicable accounting treatment, the Board of Directors has carefully considered possible alternative treatments. As a result of these overall analyzes and assessments, although the accounting treatment adopted falls within those permitted by the applicable accounting standards, the Company, in the process of adopting a perspective of heightened prudence, has decided to review some estimates and assumptions which involve adjustments of the estimates of charges pertaining to the end of June 2020, the end of June 2021 and the end of June 2022".

Juve "will continue to collaborate and cooperate with the supervisory and sector authorities, without prejudice to the protection of their rights in relation to the disputes raised against the Company's financial statements and press releases by Consob and the Public Prosecutor's Office".

Finally, it is underlined that the impacts of the restatements of the financial data relating to the years ended 30 June 2022 and 2021 differ from the adjustments deriving from the findings raised by Consob.

(Unioneonline/ss)

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