AK Capital Services 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. Adjustment required on account of applicability of revised Accounting Standard (AS)15 Employee Benefits which became applicable to the Company w.e.f. April 01, 2007. Impact of which is not ascertained.
2. The following inadvertent error made in the published financial results for the period ended December 31, 2007:
(i). Selling expenditure and Operating expenditure for the year ended March 31, 2007 havebeen disclosed as Rs 814.97 Lakhs instead of Rs 721.42 Lakhs and Rs 1,132.55 Lakhs instead of Rs 1,226.10 Lakhs, respectively. However, there is no impact of the same on the profit for the year ended March 31, 2007.
(ii). Basic and Diluted EPS for the quarter ended December 31, 2007 and nine months period ended December 31, 2007 would be as under:
Basic EPS for the period (Not annualized):
(a)As per published results:
- For the quarter ended December 31, 2007 - Rs 15.69
(b) As per reviewed results:
- For the quarter ended December 31, 2007 - Rs 17.05
Diluted EPS for the period (Not annualized):
(a)As per published results:
- For the quarter ended December 31, 2007 - Rs 9.48
(b) As per reviewed results:
- For the quarter ended December 31, 2007 - Rs 15.15
1. Adjustment required on account of applicability of revised Accounting Standard (AS)15 Employee Benefits which became applicable to the Company w.e.f. April 01, 2007. Impact of which is not ascertained.
2. The following inadvertent error made in the published financial results for the period ended December 31, 2007:
(i). Selling expenditure and Operating expenditure for the year ended March 31, 2007 havebeen disclosed as Rs 814.97 Lakhs instead of Rs 721.42 Lakhs and Rs 1,132.55 Lakhs instead of Rs 1,226.10 Lakhs, respectively. However, there is no impact of the same on the profit for the year ended March 31, 2007.
(ii). Basic and Diluted EPS for the quarter ended December 31, 2007 and nine months period ended December 31, 2007 would be as under:
Basic EPS for the period (Not annualized):
(a)As per published results:
- For the quarter ended December 31, 2007 - Rs 15.69
(b) As per reviewed results:
- For the quarter ended December 31, 2007 - Rs 17.05
Diluted EPS for the period (Not annualized):
(a)As per published results:
- For the quarter ended December 31, 2007 - Rs 9.48
(b) As per reviewed results:
- For the quarter ended December 31, 2007 - Rs 15.15
No comments:
Post a Comment