Computer Crashed, Berlian Laju Tanker Delays Release of FY2010 Results

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Saturday, 16 April 2011 11:31

Theindonesiatoday.com - Shipping company PT Berlian Laju Tanker (BLTA) Tbk informed its shareholders today that it failed to release the financial year 2010 audited results on schedule (April 15) due to a computer crash.

Berlian Laju has earlier been granted approval by the SINGAPORE Exchange Securities Trading Limited for an extension of time for the release of its audited full-year financial results for the financial year ended December 31, 2010 from March 1st to April 15, 2011.

"The company has experienced a computer crash which resulted in corrupted data files in its accounting systems, specifically only the inventory and bunker consumption sub-systems. These sub-systems were actually intended to accelerate its financial reporting process to assure timely release," Berlian told SGX this morning.

BLTA said though it has back-ups for its systems, it was unable to restore the data as the computer crash also affected the backed-up data.

"To resolve the matter as soon as possible, the company is rebuilding its database by re-inputting all 2010 transactions related to these sub-systems. This rebuilding exercise is expected to be completed within six weeks at the latest. Including consolidation and verification by the company’s auditor, the company expects to release its audited full-year financial results for FY2010 within eight weeks at the latest from Apr 16," the company said. (Theindonesiatoday.com)

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