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Back Apr 25, 2017

OTHERS


Type Announcement
Subject OTHERS
Description
SENI JAYA CORPORATION BERHAD
DEVIATION OF 10% OR MORE BETWEEN THE UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016 AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016
1. INTRODUCTION
The Board of Directors (?Board?) of SENI JAYA CORPORATION BERHAD ("SJC? or ?the Company") wishes to announce that the Company has on 28 February 2017 submitted its unaudited results for 4th quarter ended 31 December 2016 (?4Q2016 Results?) to Bursa Malaysia Securities Berhad (?Bursa Securities?).
The Company has on 25 April 2017 submitted its Audited Financial Statements for the financial year ended 31 December 2016 (?AFS 2016?) to Bursa Securities.


2. DEVIATION BETWEEN UNAUDITED RESULTS AND THE AUDITED FINANCIAL RESULTS
In compliance with Paragraph 9.19 of the Main Market Listing Requirements, the Board of SJC wishes to inform that there is a deviation of about 12.05% between the Group?s profit for the year as stated in the 4Q2016 Results announced on 28 February 2017 and the AFS 2016, as follows:-


 
Audited


RM'000
Unaudited Result


RM'000
Variance


RM'000
Profit For the Year
595
531
64
The cause of the variance between the 4Q2016 Results and the AFS 2016 is mainly due to the adjustments made in in respect of the depreciation of certain properties, plant and equipment and the tax impact thereon.


The reconciliation of the variance is set out below:-
 
RM ('000)
Profit at 31 December 2016 (unaudited)
531
- Adjustments of finalisation of audited accounts on depreciation of property, plant and equipment and tax impact thereon
64
Profit at 31 December 2016 (audited)
595

This announcement is dated 25 April 2017.






Announcement Info

Company Name SENI JAYA CORPORATION BERHAD
Stock Name SJC
Date Announced 25 Apr 2017
Category General Announcement for PLC
Reference Number GA1-25042017-00033