Almondz Global Securities Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:
1. With effect from April 01, 2007, the Company has re-identified its segment. Consequent to the re-identification of the segment and in view of the Auditors limited scope of review, the Auditors are not in a apposition to state its financial impact on the unaudited results for the quarter ended December 31, 2007.
In view of such re-identification of segments, the segment results for the quarter ended December 31, 2007 are not comparable with corresponding figures for the quarter ended December 31, 2006, nine months ended December 31, 2006 and for the year ended March 31, 2007.
2. The figures of aggregate Non promoter shareholding and investors complaints, as disclosed in the results for the period have been relied on as per certificate of the Registrar.
3. Some of the expenses e.g. provision for employees retirements benefits, estimated income tax liability, deferred tax liability and depreciation has been appropriately considered on proportionate basis.
1. With effect from April 01, 2007, the Company has re-identified its segment. Consequent to the re-identification of the segment and in view of the Auditors limited scope of review, the Auditors are not in a apposition to state its financial impact on the unaudited results for the quarter ended December 31, 2007.
In view of such re-identification of segments, the segment results for the quarter ended December 31, 2007 are not comparable with corresponding figures for the quarter ended December 31, 2006, nine months ended December 31, 2006 and for the year ended March 31, 2007.
2. The figures of aggregate Non promoter shareholding and investors complaints, as disclosed in the results for the period have been relied on as per certificate of the Registrar.
3. Some of the expenses e.g. provision for employees retirements benefits, estimated income tax liability, deferred tax liability and depreciation has been appropriately considered on proportionate basis.
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