Central European Media Enterprises Ltd. Form 8-K Dated March 16, 2005
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
Date
of Report (date of earliest event reported) March 16, 2005
CENTRAL
EUROPEAN MEDIA ENTERPRISES LTD.
(Exact
name of registrant as specified in its charter)
|
BERMUDA |
0-24796 |
98-0438382 |
|
(State
or other jurisdiction of incorporation and organisation) |
(Commission
File Number) |
(IRS
Employer Identification No.) |
| |
|
|
|
Clarendon
House, Church Street, Hamilton |
|
HM
CX Bermuda |
|
(Address
of principal executive offices) |
|
(Zip
Code) |
Registrant's
telephone number, including area code: (441)
296-1431
Not
applicable
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
|
o |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425) |
|
o |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12) |
|
o |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
|
o |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
Item
4.02 Non-Reliance on a Previously Issued Financial Statement or a Related Audit
Report or Completed Interim Review
On
March 11, 2005, we concluded in a discussion with our Audit Committee and our
independent registered public accounting firm that the method we applied to
calculate earnings per share was not in accordance with FASB Statement No. 128
“Earnings per Share”. This gave rise to errors in the calculations of earnings
per share in 2004, 2003 and 2002. We have corrected our calculations in respect
of 2004 prior to the filing on March 15, 2005 of our Annual Report on Form 10-K
for the year ended December 31, 2004 and in that Annual Report on Form 10-K we
have restated earnings per share in respect of discontinued operations and net
income in 2003 and in respect of discontinued operations in 2002, to correct
understatements in those periods.
Signatures
Pursuant
to the requirements of the Securities Exchange Act of 1934, we have duly caused
this report to be signed on our behalf by the undersigned thereunto duly
authorized.
|
Date:
March 16, 2005 |
|
/s/
Wallace Macmillan |
| |
|
Wallace
Macmillan |
| |
|
Vice
President - Finance |
|
|
|
(Principal
Financial Officer and Duly Authorized
Officer) |