General Announcement
Reference No SS-060524-59850

Company Name
:
SETEGAP BERHAD  
Stock Name
:
SETEGAP  
Date Announced
:
24/05/2006  


Type:Announcement
Subject:VARIANCE IN THE LOSS AS PER THE AUDITED CONSOLIDATED RESULTS FOR THE FINANCIAL YEAR ENDED 31ST DECEMBER 2005 AND THAT STATED IN THE ANNOUNCED FOURTH QUARTER FINANCIAL RESULTS

Contents :

1. Introduction

The Board of Directors wishes to announce that there was a variance in the loss as per the audited consolidated results for the financial year ended 31st December 2005 and that stated in the announced fourth quarter financial results announced on 28th February 2006 ("Announcement").

2. Details of the Variance

The details of the variance is set out in Table 1.

As disclosed in the announcement of our unaudited consolidated results of the Group for the financial year ended 31st December 2005, the loss after tax and minority interest was RM42.631 million. However, upon the recommendation of the Company's auditors, additional provision of RM0.9 million was included as well as a reversal of losses attributable to minority interest of RM2.619 million.



Table 1
Loss (Year-to-date)RM’000
As per the Announcement(42,631)
Additional provision of taxation(900)
Reversal of over-allocation of losses to minority interest2,619
Others(6,513)
Loss after adjustment (a)(47,425)
Loss as per audited financial statement (b)(47,425)
Variance - RM'000 (c) = (b) - (a)0
- % (c)/(a)0.0%

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