14 Nov 2018 17:45:00
Management Discussion and Analysis of Chonburi Concrete Product Public Company Limited for the quarter ended September 30, 2018
NO.CM.1/61/113 November 14,2018 Subject Inform the amendment of financial statements for quarter2 ended June 30, 2018 Attention President The Stock Exchange of Thailand As Chonburi Kanyong Company Limited ("CKY" or the "subsidiary") as a subsidiary of Chonburi Concrete Product Public Company Limited ("CCP" or the "Company") notified by the Revenue Office of Chonburi 1 on August 9, 2018 about the corporate income tax and value added tax assessment of CKY for the fiscal year 2013 at the amount of THB 54 million and THB 94 million (including penalty and surcharge) respectively. For revenue from selling right to repurchase land and building in 2013 of CKY, the Company would like to inform the investors that CKY is in the process of tax appeal to the Revenue Office region 5 Legislation and Accelerated tax. From the precedent paragraph, the Company amended the financial statements for quarter 2 ended June 30, 2018 in Note to financial statements no.14 Event after the reporting period. The details are as follow: "On August 9, 2018 the subsidiary received the notice of corporate income tax and vat assessment for 2013 from the Revenue Department at the amount approximately THB 54 million and THB 94 million (including penalty and surcharge) respectively. For revenue from selling right to repurchase land and building in 2013 of CKY, the Company would like to inform the investors that CKY is in the process of tax appeal to the Appeal Committee of the Revenue Department ("the Committee") on September 5, 2018. Currently, the appealing is in the consideration process of the committee. The subsidiary estimated the tax liabilities at the amount of THB 77 million (including penalty and surcharge) and the subsidiary recorded that amount in "Provision of other liability" in consolidated financial statements as of September 30, 2018 and in "tax expense" in comprehensive income statements for 3 month period and 9 month period ended at the same period" If there are further process or the result of the appeal, the Company will inform to the investors via information disclosure channel of the Stock Exchange of Thailand. Please be informed accordingly, Yours Sincerely, ???????????..?..???.. ( Mr.Pratheep Theepakornsukkasem) Chairman of the Board of Directors Chonburi Concrete Product Public Company Limited ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.