CSC HOLDINGS LIMITED Financial Statements and Related Announcement::Discrepancies betwe... | https://links.sgx.com/1.0.0/corporate-announcements/ZT7IEOO6MR... |
FINANCIAL STATEMENTS AND RELATED ANNOUNCEMENT::DISCREPANCIES BETWEEN UNAUDITED AND AUDITED ACCOUNTS
Issuer & Securities
Issuer/ Manager
CSC HOLDINGS LIMITED
Securities
CSC HOLDINGS LTD - SG1F84861094 - C06
Stapled Security
No
Announcement Details
Announcement Title
Financial Statements and Related Announcement
Date &Time of Broadcast
08-Jul-2022 17:29:54
Status
New
Announcement Sub Title
Discrepancies between unaudited and audited accounts
Announcement Reference
SG220708OTHRNQGP
Submitted By (Co./ Ind. Name)
See Yen Tarn
Designation
Director & Chief Executive Of�cer
Description (Please provide a detailed description of the event in the box below - Refer to the Online help for the format)
Please refer to the attachment for the announcement in relation to the reclassi�cation adjustment in the consolidated statement of cash �ow between unaudited �nancial statements and audited �nancial statements for the �nancial year ended 31 march 2022.
Additional Details
For Financial Period Ended
31/03/2022
1 of 2 | 08-Jul-22, 5:33 PM |
Financial Statements and Related Announcement::Discrepancies betwe... | https://links.sgx.com/1.0.0/corporate-announcements/ZT7IEOO6MR... |
Attachments
Announcement_Reclassi�cation_Adjustment.pdf
Total size =122K MB
2 of 2 | 08-Jul-22, 5:33 PM |
CSC HOLDINGS LIMITED
(Incorporated in the Republic of Singapore)
(Company Registration No. 199707845E)
RECLASSIFICATION ADJUSTMENT IN THE CONSOLIDATED STATEMENT OF CASH FLOW BETWEEN UNAUDITED FINANCIAL STATEMENTS AND AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2022
The Board of Directors (the "Board") of CSC Holdings Limited (the "Company" and together with its subsidiaries, the "Group") refers to the Company's previous announcement made on 26 May 2022 in relation to its unaudited full year financial statements for the financial year ended 31 March 2022 ("FY2022") (the "Unaudited Results").
Pursuant to Rule 704(6) of the Listing Manual of the Singapore Exchange Securities Trading Limited, the Board wishes to announce that subsequent to the release of the Unaudited Results, certain items were reclassified in the Consolidated Statement of Cash Flows following the finalization of FY2022 audit.
A summary of the reclassification adjustment and explanatory note is set out below.
Consolidated Statement of Cash Flows for FY2022
Group | |||||
Audited | Unaudited | Reclassification | Note | ||
Adjustment | |||||
$'000 | $'000 | $'000 | |||
Net cash generated from | |||||
operating activities | 18,255 | 18,201 | 54 | NM | |
Net cash used in | |||||
investing activities | (12,389) | (15,627) | 3,238 | 1 | |
Net cash used in | |||||
financing activities | (5,662) | (2,370) | (3,292) | 1 |
NM: Not Material
Note 1
The adjustment is mainly due to the reclassification of the consideration paid to acquire an additional stake in a subsidiary amounting to $3,292,000 from "Investing activities" to "Financing activities".
The reclassification adjustment does not affect the Group's unaudited Consolidated Statements of Profit or Loss and Comprehensive Income for FY2022 and unaudited Consolidated Statement of Financial Position as at 31 March 2022.
By Order of the Board
CSC HOLDINGS LIMITED
See Yen Tarn
Executive Director and Group Chief Executive Officer
8 July 2022
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
CSC Holdings Ltd. published this content on 08 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 July 2022 01:03:07 UTC.
