Marco Polo Marine (SGX:5LY) disclosed material reclassification differences between its unaudited and audited financial statements for the fiscal year ending Sept. 30, 2024, according to a Thursday filing on the Singapore Exchange.
The discrepancies, detailed in the company's annual report for FY24, include changes in current and non-current liabilities, as well as reclassification of certain reserves and income tax provisions.
Key differences include a reduction of SG$2.5 million in current assets and an increase of SG$6.5 million in current liabilities related to borrowings.
Adjustments were also made to non-controlling interest and reserves, as well as reclassification of interest received in cash flow statements.
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