General Announcement

27/08/1999

Y2K DISCLOSURE

SARAWAK CONCRETE INDUSTRIES BERHAD

TypeAnnouncement
SubjectY2K DISCLOSURE

Contents :

see table below

Details of your company and subsidiaries progress in relation to its activities to address the Y2K
issue

Y2K Ready
X
Non Y2K Ready(To provide the information listed below)
Description of Non Y2K SystemCriticality of system (critical or not critical)Status of readiness (at which stage & % of completion)Estimated date being Y2K ReadyRemarks
2. The impact of the Y2K issue if your company and/or subsidiaries fail to be Y2K Ready or are
      unable to achieve full readiness by the estimated date(s) mentioned above.
No impact
X
(State the reason(s) below)
Yes
      (State the details of the impact below, particularly on the business, financial position and prospects)
      Internally Y2K ready.







3. The exposure of your company and/or subsidiaries to third parties who have material business relationships with your company or subsidiaries in relation to the third parties' Y2K readiness.

No exposure(State the reason(s) below)
Yes
X
      (State the details of the exposure, how material the exposure is to your company and/or subsidiaries and the measures taken to address the impact of the exposure)

a) Raw materials - could affect smooth supply of raw materials
      b) Bank - could disrupt accessibility and processing of funds
      c) Utilities - breakdown of power, water and telephone supply could hinder production process

      Generally, measures taken are to stock up major raw materials, relevant furnished goods, schedule earlier payment for payroll, time payments and deposits to avoid roll-over to the new millennium.
4. The total cost your company and subsidiaries have incurred or is expected to incur to address the Y2K issue.

Less than RM100,000.

5. Describe your company and subsidiaries' contingency plans in relation to the Y2K issue to ensure continued operations.

No contingency plans(State the reason(s) why contingency plans are not needed)
Yes
X
(State the details of the contingency plan)
i) To stock up relevant raw materials by year end to ensure uninterrupted availability
      ii) To build up finished goods required by client in early part of next year


Announcement Info

Company NameSARAWAK CONCRETE INDUSTRIES BERHAD  
Stock Name SCIB
Date Announced27 Aug 1999  
CategoryGeneral Announcement
Reference NoSS-990827-54791

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