ACI has indicated to the Exchange an error that resulted in the company submitting the wrong 2011 Financial Statements and Annual Report around the first week of June, 2012. ACI said substantively inaccurate financial information was submitted to the market. The statement further indicated that the fault for the inaccuracy and its submission lied wholly with the company.
The inaccuracy, the statement went on, was due to wrongly accounting for the sale of leasehold land and the consolidation of the results of ACI’s subsidiary, which had a pervasive impact on significant account balances such as Revenue, Fixed Assets and Tax.
ACI have thus asked to withdraw the prior document and replace it with the amended version, per the attached corrected financial statements and annual report for the year ended December 31, 2011. The statement went on to apologize sincerely for any inconvenience caused.
Issued in Accra, this 31st
day of January, 2013