Title: OKA CORPORATION BHD
Author: OKA CONCRETE IND SDN. BHD.
Last saved by: OKA

OKA CORPORATION BHD(519941-H)

Notes to the Interim Financial Report for the Third Quarter Ended 31 December 2005 

1.	Basis of Preparation

The interim financial report is unaudited and has been prepared in compliance with MASB 26, Interim Financial Reporting and Chapter 9 Part K of the Listing Requirements of the Bursa Malaysia Securities Berhad (BMSB).

The interim financial report should be read in conjunction with the audited financial statements of the Group for the year ended 31 March 2005.

The accounting policies and methods of computation adopted by the Group in this interim financial report are consistent with those adopted in the financial statements for the year ended 31 March 2005.

2.	 Audit Report

The preceding year’s audited financial statements were not subject to any audit qualification.

3.	   Seasonal or Cyclical Factors

Apart from the traditional variations in the level of business activities, the       Group’s activities are not affected by any seasonal or cyclical factors in the third quarter ended 31 December 2005.

4.	Unusual Items

There were no unusual items that affected the assets, liabilities, equity, net income or cash flows for the third quarter ended 31 December 2005.

5.	Material Changes in Estimates 

There were no material changes in the estimates used in the current quarter compared to the estimates used in the previous financial year, which have a material effect in the current quarter or the financial year to date.
OKA CORPORATION BHD(519941-H)

6.	Dividend paid

The board had proposed a first and final dividend of 4 sen less tax totaling RM1,728,605 in respect of the financial year ended 31 March 2005 and payment was made on 28 October 2005.

7.	Segment Reporting

No segmental reporting by industry and geographical segment is required as the Group’s activities are primarily in one industry segment of manufacturing and trading of concrete products, and is principally conducted in Malaysia.

8.	Property, Plant and Equipment

The Group did not carry out any revaluation on its property, plant and equipment in the financial year to date. The valuations of land and buildings have been brought forward, without amendment from the previous annual report.

9.	Events Subsequent to the Balance Sheet Date 

There were no material events subsequent to the end of the quarter that have not been reflected in the financial statements.

10.	Effect of Changes in Composition of the Group

There were no changes in composition of the Group for the current financial period to date.

11.	Changes in Contingent Liabilities or Assets

There were no contingent liabilities or assets at the date of this quarterly report.

12.	Trade and Other Receivables

Included in trade and other receivable is an amount of RM4,112,120 being tax instalments prepaid by the Group to Inland Revenue Department.
OKA CORPORATION BHD(519941-H)

13.	Capital Commitments

| 31 December 2005
| RM’000
Approved and contracted for |
landed properties | 189
| 189

14.	Debt and Equity Securities

There is no issuance of debt and equity securities.