Lion Asiapac Discloses Discrepancies Between Unaudited, Audited FY24 Financials

MT Newswires10-11

Lion Asiapac (SGX:BAZ) disclosed discrepancies between its unaudited and audited financial statements for the fiscal year ended June 30, according to a Thursday filing on the Singapore Exchange.

The adjustments mainly involve reclassifications in the consolidated statements of cash flow, specifically related to "Cash subjected to foreign exchange control." These changes did not affect the overall cash and cash equivalents or the ending balance.

The audited results showed that net cash flow used in operating activities increased by SG$268,000 compared to the unaudited figures.

Additionally, cash flows from investing activities reflected a net increase of SG$415,000, largely due to reclassifications, while financing activities were adjusted, particularly regarding interest payments.

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