PT BERLIAN LAJU TANKER TBK

[lonewolf]

There has been a lot of strange announcements appearing on SGX from unverified bank balances to missing sales manager. But this one take the cakes!

I'm no computer expert; but surely the back-up data for such a critical sub-systems would have been designed in such a way that it has to be separated from the main system so that such a crash would allow a roll-back. For the system not have such a roll-back speaks volume for the system implementation. Very bad. I hope there's no sinister excuse for the delay.

DELAY IN THE RELEASE OF AUDITED FULL-YEAR FINANCIAL RESULTS

The Company wishes to announce that it has experienced a computer crash which resulted in corrupted data files in its accounting systems, specifically only the inventory and bunker consumption sub-systems. These sub-systems were actually intended to accelerate its financial reporting process to assure timely release. Though the Company has back-ups for its systems, it was unable to restore the data as the computer crash also affected the backed-up data. To resolve the matter as soon as possible, the Company is rebuilding its database by re-inputting all 2010 transactions related to these sub-systems. This rebuilding exercise is expected to be completed within six weeks at the latest. Including consolidation and verification by the Company’s auditor, the Company expects to release its audited full year financial results for FY2010 within eight weeks at the latest from the date of this announcement.

Source

[bluechipstamp]

I've seen another similar case:

While the Company was finalizing the FY2010 financial statements, it encountered a system outage on 26th July 2010, whereby the server harddisks broke down and immediate action was taken to recover the hard-disks. It was diagnosed that 2 out of the 3 hard-disks in the server were broken down and auto-recovery of the data in the hard-disks was not possible. Alternative actions were taken to restore data from external backups, resulting in additional time to retrace the transactions entered earlier into the systems and have these properly re-entered into the systems and re-checked. This caused the delay in the Company finalizing its FY2010 management financial statements.

In any case, no one can yet beat our DBS..... whole island ATM down.... jia lat.