Pakistan Synthetics Limited’s corrigendum for annual report 2011

Karachi: We are writing to rectify some printing mistakes in the published financial statements for the year ended June 30, 2011, Amounts published and corresponding actual amounts in notes to the financial statements are tabulated below;


Financial Description Amount as per Actual
statements published amounts
note  financial
reference statements

Rupees in ‘000’

Note 6  Taxable temporary difference arising due to
 accelerated tax depreciation 14,251 147,251
Note 23 Legal and professional charges 18,822 1,822


In addition to above, shareholders’ equity on page 3 “Performance of the Company at a glance” is published as Rs. 1,157 instead of Rs. 1,167 million.

Further, in review report to the members on statement of compliance with the best practices of code of corporate governance, following lines “Further, Sub-regulations (xiii a) of listing Regulations No. 35 notified by the Karachi Stock Exchange (Guarantee) Limited vide circular no. KSE/N-269 dated January 19, 2009 requires” is to be read as “Further, Listing Regulations of the Stock Exchanges where the company is listed, require” onwards.

For more information, contact:
Pakistan Synthetics Limited
3rd Floor, K.D.L.B Building,
58, West Wharf Road,
Karachi-74000 Pakistan
Tel: 2313031-34
Fax: (92-21) 2310625

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