Link: Parmalat special area
The company posted pre-tax earnings in the fourth quater of euros 77m, up from euros 38m in 2003.
The company’s debt still stands at euros 12bn after entering administration in December 2003.
Italian courts are currently pursuing cases again banks involved in the financial scandal while auditors from Grant Thornton’s forme Italian partner firm are also facing criminal charges.
Deloitte, which took over the audit from Grant Thornton, has protested its innocence though it faces damages claims from Parmalat administrator Enrico Bondi.
Cases against former executives are also yet to be resolved.
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