Announcements
VARIANCE BETWEEN AUDITED AND UNAUDITED RESULTS FOR THE YEAR ENDED 31ST DECEMBER 2000
RALCO CORPORATION BERHAD |
Type | Reply to query |
Reply to Query Letter by KLSE reference ID | NS-010504-58562 |
Subject | VARIANCE BETWEEN AUDITED AND UNAUDITED RESULTS FOR THE YEAR ENDED 31ST DECEMBER 2000 |
Contents :
We refer to the above matter and to your letter dated 11th May 2001.
As requested we are to explain that the small variance of RM159,000 is due to the following:-
(a) Further provision for general doubtful debts of RM227,000;
(b) Provision for Directors' Fees of RM30,000;
(c) Provision of unrealized exchange loss of RM108,000;
(d) Reversal of provision for depreciation of uncommissioned machines of RM213,000;
(e) Adjustment of minority interest profit portion of RM17,000; and
(f) Miscellaneous audit adjustments of RM52,000.
Thank you and regards.
Query Letter Contents :
We refer to your Company's Annual Audited Accounts 2000 received on 2 May 2001.
We note that the group's loss after taxation and minority interests for the
year ended 31 December 2000 amounts to RM1,513,913.
However, your Company's announcement of unaudited results dated 27 February
2001 showed a consolidated loss after taxation and minority interest of
RM1,355,000 for the abovementioned financial year.
In accordance with the Exchange's Listing Requirements, kindly furnish the
Exchange immediately with your detailed explanation of the above difference for
public release.
Yours faithfully
TAN YEW ENG
Senior Manager, Listing Operations
MBP/nz
Announcement Info
Company Name | RALCO CORPORATION BERHAD |
Stock Name | RALCO |
Date Announced | 14 May 2001 |
Category | General Announcement |
Reference No | CU-010514-53721 |