Q1’20 Earnings Supplemental Presentation Liquidity and COVID-19 Update
CARES Act Summary for National CineMedial
On March 27, 2020, the U.S. Government enacted various relief and stimulus measures in response to the
unprecedented adverse economic impacts of the COVID-19 Pandemic commonly referred to as the CARES Act.
Based on our preliminary analysis of the CARES Act, we expect to recognize the following benefits:
●
deferral of the payment of the 6.2% FICA portion of Company's payroll taxes beginning on the
enactment date through December 31, 2020 until the end of 2021 for one-half of the tax and the
remaining half to the end of 2022; and
a refundable Employee Retention Payroll Tax Credit for the Company's portion of the 6.2% FICA payroll
tax for certain qualifying employees from March 13, 2020 through December 31, 2020.
The Company continues to evaluate provisions of the CARES Act and intends to seek potential benefits that would
positively impact the Company.
NCM
NATIONAL CINEMEDIAView entire presentation