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The company, which produces games such as David Beckham Soccer and Rocky, will today publish is annual results – delayed from last week – which will include a £1m provision against payments due from US distributor Majesco.
The firm’s auditor BDO Stoy Haward insisted that Rage made a provision to cover the outstanding sum that the software company is now chasing through the courts.
Rage, which was recently forced into a $5m share sale in order to keep trading, had originally been expected to post a pre-tax loss of £9m.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements