Dear Stella,
Regarding the information you have provided us (NPE movements) for the Axel 3 project, please see below some inconsistencies:
1. The closing balance as atof December 2018 is €7.221bn as noted in the previous Axel report. However, based on the information you provided us, the opening balance of 2019 is €7.331bn. We understand that the difference (€0.1bn) appears to be Helix FV Adjustment (Reclassificaition). Therefore, we will have a different starting point as we will use the opening balance of €7.221bn and include the difference as a separate line.
2. The closing balances of 2019-2020 from the table you have sent us differsdiffer from the Financial statements published in the investor relations as you can see in the below table:
The text above was approved for publishing by the original author.
Just go to your Inbox, press on the confirmation link we have sent you, and you will get the corrected text back. If you want to correct more emails you can simply:
Or