KUALA LUMPUR: The Armed Forces Fund Board’s (LTAT) profit for financial year (FY17) should be RM370.56 million and not RM662.17 million as reported du...
The Armed Forces Fund Board’s profit for financial year should be RM370.56 million and not RM662.17 million as reported due to unrecognised impairments and an incomplete land sale, its CEO Nik Amlizan Mohamed said today.
“This transaction does not comply with Financial Reporting Standards 118 relating to revenue, and does not comply with the materiality level against the net profit, income and total asset and non-compliance to the clauses in the property sale and purchase agreement,” Nik Amlizan said during a joint press conference with Defence Minister Mohamad Sabu at Parliament lobby, here today.
“As such, impact of these findings as highlighted in National Audit Department’s Qualified Opinion, has caused LTAT’s profit for the FY17 to be reduced from RM662.17 million to RM370.56 million,“ she said.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LTAT says its 2017 profit was RM370mil, not RM662milKUALA LUMPUR: The Armed Forces Fund Board (LTAT) in its 2017 financial year should register profits of RM370.56mil and not RM662.17mil as reported, says its chief executive Nik Amlizan Mohamed.
Read more »
Esscom tembak mati 10 penjenayah rentas sempadan sejak 2017Suspek yang ditembak masing-masing seorang di Kunak, 3 di Kalabakan, 4 di perairan Felda Sahabat, Lahad Datu serta 2 di kawasan Pulau Boheyan, Semporna.
Read more »
Esscom tembak mati 10 penjenayah rentas sempadan sejak 2017&8232;LAHAD DATU 5 April - Pasukan keselamatan di bawah Kawasan Keselamatan Khas Pantai Timur Sabah (Esscom) berjaya menembak mati 10 penjenayah rentas sempadan disyaki terlibat dalam penculikan untuk wang tebusan di sekitar perairan Zon Selamat Timur Sabah (Esszone) dalam tempoh dua tahun sejak 2017.
Read more »
Pinterest seeks up to US$1.28 Billion in IPO below 2017 valuationIn its last private funding round in 2017, the company raised US$150 million for a total valuation of about US$12.3 billion.
Read more »
Saya maksudkan laporan kewangan LTAT, bukan laporan audit, kata Mat SabuMohamad dilapor berkata laporan audit LTAT bagi 2018 adalah satu pembohongan dan satu laporan audit khas akan dikeluarkan segera.
Read more »
LTAT didn’t report RM90 million impairment in FY17 statement, auditors find | The Malaysian InsightFund chief exec says finalised audited accounts for 2017 financial year in negative territory for retained earnings.
Read more »
LTAT dedah kerugian 13.6 juta kerana transaksi meragukan | The Malaysian InsightBadan itu tidak mencatat untung RM259.99 juta seperti dilaporkan dalam Penyata Kewangan 2017.
Read more »
Pembantu kesihatan mengaku tidak bersalah tipu OTBUTTERWORTH 10 April - Seorang pembantu perawatan Klinik Kesihatan Teluk Bahang, Balik Pulau dekat sini mengaku tidak bersalah di Mahkamah Sesyen Khas Rasuah di sini pagi tadi atas enam pertuduhan membuat tuntutan kerja lebih masa palsu pada 2017.
Read more »
RM2.7 billion from Felda used to buy support for BN in GE14, says AzminThe economic affairs minister says the land development agency only had RM400 million in 2017.
Read more »