# SEC Grants Deadline Extension for Submission of NRF’s Amended Interim Financial Statements

- Link: https://www.thailand-business-news.com/law/191250-sec-grants-deadline-extension-for-submission-of-nrfs-amended-interim-financial-statements
- Published: 2025-01-24T09:55:42+07:00
- Author: SiamNews PR

**The Securities and Exchange Commission extended NRF’s deadline to submit rectified
interim financial statements for Q3 2024 to 10 February 2025 due to issues with 
fair value measurement of shares**

The Securities and Exchange Commission (SEC) extended the deadline for submitting
NR Instant Produce Public Company Limited (“NRF”)’s rectified version of the interim
financial statements for the third quarter of 2024, from 20 January 2025 to 10 February
2025.

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Earlier, the SEC notified NRF to cooperate with the auditor by providing information
for reviewing its interim financial statements for the third quarter of 2024 and
to rectify such interim financial statements. NRF must submit to the SEC and publicly
disclose the rectified and reviewed interim financial statements via the SETLink
Electronic System by 20 January 2025.

The auditor expressed qualified opinions on NRF’s interim financial statements for
the third quarter of 2024 because the auditor was unable to obtain sufficient, appropriate
audit evidence regarding the fair value measurement of the shares, both those settled
by the buyer from the sale of the Group’s investment in a subsidiary and those originally
held by the Group from the adjustment in value of the investment in the shares of
the buyer at the same share price. As a result, the auditor was unable to obtain
sufficient and appropriate evidence to verify the gain on sale of the investment
in the subsidiary and the gain on changes in the value of the investment in the 
shares of the buyer*.

NRF later made a request for an extension of submission deadline of its rectified
interim financial statements for the third quarter of 2024 because NRF has appointed
an independent financial advisor (IFA) to measure the fair value of the shares. 
The auditor is reviewing the IFA’s valuation report regarding the fair value measurement
for the shares of a foreign non-listed company. The auditor needs additional time
for reviewing the reasonability of the information and the rectified interim financial
statements. The SEC has therefore allowed NRF to submit and disclose publicly the
rectified and reviewed interim financial statements for the third quarter of 2024
and related reports via the SETLink Electronic System by 10 February 2025. 

Remark: 

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* SEC News No. 277/2024 headlined: “SEC notifies NRF to cooperate with the auditor
and rectify its interim financial statements” released on 19 December 2024: [https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=11424](https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=11424)

**Source** : [SEC allows extension of deadline for submitting NRF’s rectified interim financial statements](https://www.sec.or.th/EN/Pages/News_Detail.aspx?SECID=11520&rand=113627)