WorldStage Newsonline– R.T. Briscoe (Nigeria) Plc which sells and services motor Toyota vehicles and industrial equipment such as forklifts, generators, and compressors, on Wednesday notified the Nigerian Stock Exchange (NSE) its shareholders and the investing public that it had been unable to release its Audited Financial Statement (AFS) for the year ended 31st December, 2019 because the Financial Reporting Council of Nigeria (FRC) had not returned it.
In a notification to the NSE signed by Seyi Onajide, Managing Director/CEO, the company said said its Audited Financial Statement for the year ended 31st December, 2019 were approved by the board on August 4, 2020 and have since been submitted to the FRC for regulatory review its auditors because of the presence of emphasis of matter in the audit opinion.
He said as a consequences of the provisions of the Exchange’s listing rules dealing with quarterly financial statements which preclude the company from announcing subsequent interim accounts without having first filed its last AFS, though ready, the company has been unable to file the unaudited financial statements for the Q1 and Q2 2020.
“The company regrets any inconvenience that delay might cause and is confident that the regulatory revie at the FRC, though beyond its control, would be completed shortly and the 2019 AFS and the UFS will be filed at the NSE at the latest on or before 30 September 2020,” he said.
