VARIANCE BETWEEN AUDITED AND UNAUDITED RESULTS FOR THE YEAR ENDED 31 JULY 2002
FW INDUSTRIES BERHAD |
Type | Reply to query |
Reply to Query Letter by KLSE reference ID | NS-030115-41102 |
Subject | VARIANCE BETWEEN AUDITED AND UNAUDITED RESULTS FOR THE YEAR ENDED 31 JULY 2002 |
Contents :
We refer to your letter dated 15 January 2003 in respect of the above matter.
We wish to explain that the difference was mainly due to the audit adjustments made by the auditors as below:-
RM'000
Loss as per unaudited financial statements 4,839
(i) Reversal of retained profit from unconsolidated subsidiaries 4,786
(ii) Additional provision for doubtful debts and debts in dispute 596
(iii) Interest on term loan now taken up 204
(iv) Taxation expenses on income of certain subsidiaries 118
(v) Audit fee under provided 25
(vi) Additional operating expenses now put through 150
(vii) Other immaterial adjustments 10
-------------
Loss as per audited financial statements 10,728
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Query Letter Contents :
We refer to your Company's Annual Audited Accounts 2002 received on 7 January
2003.
We note that the group's loss after taxation and minority interests for the
year ended 31 July 2002 amounts to RM10,728,459.
However, your Company's announcement of unaudited results dated 30 September
2002, showed a loss after taxation and minority interests of RM4,839,000 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
TYE/NZ
Announcement Info
Company Name | FW INDUSTRIES BERHAD |
Stock Name | FW |
Date Announced | 16 Jan 2003 |
Category | General Announcement |
Reference No | FI-030116-42361 |