Contents :
1. Details of your company and subsidiaries' progress in relation to its activities to address the Y2K issue.
Y2K Ready
Non Y2K Ready
X (To provide the information listed below)
| Description of Non Y2K System | Criticality of system (critical or nor critical) | Status of readiness
(at which stage & percentage of completion) | Estimated date being Y2K Ready | Remarks |
(a) Business Computer
Systems | Critical | 90% | September 1999 | NA |
(b) FLS-ACE Process
Control System Kiln
Line #4 | Critical | 90% | September 1999 | NA |
(c) Computer Control
System for GISS
clay crushing plant
CCD | Critical | 90% | September 1999 | NA |
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
(State the reason(s) below)
Yes
X (State the details of the impact below particularly on the business,
financial position and prospects)
In the unlikely event that we are unable to achieve full readiness for the systems (b) and (c) described in paragraph 1 above, our other existing systems are able to undertake the processes with minimal interruptions.
Further contingency plans and policies are in place for critical business systems, operations and impact of business interruptions on key suppliers, vendors and customers who could be affected by the Y2K issues.
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)
Due to the existence of multiple suppliers and distributors, exposures in this regard is minimal. Our other exposure is the Y2K Readiness of telecommunications, transportation, utilities and government sectors which to a large extent is beyond our control but which can affect our operations. However, we are unable to gauge the possible Y2K effects that could occur in embedded systems.
Contingency plans are being finalised to minimise the impact of business interruptions affected by Y2K issues, including the building up of inventory and identifying suitable alternative suppliers in the event major suppliers incur system failure due to Y2K issues.
4. The total cost your company and subsidiaries have incurred or is expected to incur to address the Y2K issue.
Total expected cost : RM2.0 million.
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 plans)
Policies and procedures for Y2K Contingency Planning are continually being established and up-dated for systems supporting critical business processes to ensure the successful transition into Year 2000 with minimal disruption and losses. Such policies and procedures include the establishment of clear lines of authority and responsibility and procedure for invoking and operating contingency modes and returning to normal operating modes.