The damage that appears inBezek international, Due to accounting irregularities from the past, much higher than initially estimated, and as revealed in Globes, and it reaches NIS 195 million. As part of an examination conducted by the Company with the assistance of external accountants, preliminary findings emerged both in relation to past periods and in recent years, according to which Bezeq International books have significant discrepancies between its (net) asset balances in the books and its actual (net) asset balances. In the amount of NIS 195 million. The company reports that this screen is reduced in tax effect.
In accordance with the initial findings of the investigation, the discrepancies are mainly due to the fact that Bezeq International did not regularly carry out a full imputation of expenses. No effect on Bezeq International’s cash balance is expected. In light of the above, the company is also required to perform a valuation of Bezeq International by the end of the year, the results of which may increase or decrease the effect on the surplus and profit balances even further.
The company announced that it would probably be required to prepare reports for years back and that the publication of the reports for the third quarter is expected to be postponed.
Ran Guron, CEO of Bezeq International, Pelephone and yes: “Following the processes we led in the subsidiaries, under the Alpha project, and in the preparations for the approval of the financial statements for the third quarter of 2020, we initiated an investigation that revealed accounting discrepancies in Bezeq International. As of 2002 and other discrepancies, which are being examined. We, along with the company’s internal auditor and accountants, are now undergoing in-depth tests aimed at turning each stone, and examining the chain of events since 2002, when some tests examine whether these events have occurred in years past and how they were treated. We take the issue seriously, manage things as quickly as possible and will not spare any effort until the event is over and fully addressed. “
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