News Detail

Date/Time
14 Nov 2018 17:45:00
Headline
Management Discussion and Analysis of Chonburi Concrete Product Public Company Limited for the quarter ended September 30, 2018
Symbol
CCP
Source
CCP
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                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
______________________________________________________________________
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