News Detail

Date/Time
11 Aug 2017 21:48:00
Headline
Clarification of Amended Financial Statement for the first quarter ended March 31, 2017
Symbol
CCP
Source
CCP
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                No. CM.1/60/076
August 11, 2017

Attention     President
             Stock Exchange of Thailand

Subject      Clarification of Amended Financial Statement for the first quarter 
ended March 31, 2017
  
As Smart Concrete Public Company Limited ("the Subsidiary") whom is the 
Subsidiary of Chonburi Concrete Product Public Company Limited ("the Company")
was given a notice from Accounting Supervision Department, Securities and
Exchange Commission Office ("Accounting Supervision") to restate its financial
statement for the first quarter ended March 31, 2017 after acknowledged the
facts of judgement of the Supreme Court dated on May 1, 2017, the judgement has
been amended and has stipulated that the Subsidiary has to return 7,000,000
shares at a par value of THB 10 with a paid-up of THB 3 per share to Mr. Seree
Chulasaksrisakul ("the Defendant"). In the event that the Subsidiary fails to do
so, the Subsidiary shall compensate in cash amounting to THB 21,000,000
instead, including the reimbursement of three counterclaim courts and attorney's
fees with a total amount of THB 21,640,000 (the Subsidiary has received the
verdict on June 10, 2017 and will terminate the judgement within July 25, 2017).
Of which, the Subsidiary has already made a payment to the Defendant in form of
cashier cheque according to the Supreme Court's Judgement on July 25, 2017 and
has restated its financial statement for the first quarter on August 5, 2017
accordingly.
As a result, the Company subsequently amended its financial statement for the 
first quarter ended March 31, 2017 in which sees the aspects to be reconciled as
 follows:
-    Statements of Comprehensive Income - booked as other expenses and loss for the
 period
-    Statement of Financial Position - other payables and unappropriated retained 
earnings






Unit: Thousand Baht
Before restated    After restated
As of March 31, 2017
Statement of Financial Position
Other payables    -    21,640
Unappropriated retained earnings    353,285    337,460

Unit: Thousand Baht
Before restated    After restated
As of March 31, 2017
Statement of Comprehensive Income
Other expenses    -    (21,640)
Loss for the period    (7,525)    (29,165)

Please be informed accordingly,

Yours sincerely,


........................................................
  (Mr. Pratheep Theepakornsukkasem)
Chairman
Chonburi Concrete Product Public Company Limited
______________________________________________________________________
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