A setback of 30 million after audit at New Post

WILLEMSTAD — The financial part of a quick scan at the New Post Netherlands Antilles (NPNA) had revealed a blunder implying a setback of a tidy 30 million guilders for the company. By means of an investment plan, the company wants to aim for increased revenues from postal and logistic services to clear away all overdrafts.

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"In any case, it regards cost-of-living supplements of 2007 and 2008. That concerns the part of someone’s pension that the last employer has to pay in conformity with the pension regulation. It’s true that the General Pension Fund of the Netherlands Antilles (Apna) advances such, but it charges that employer periodically. We will not be able to get around this", said director Franklin ‘Chebu’ Sluis, who had ordered the quick scan upon his appointment. The final results of the quick scan had been announced last April. "From all appearances, the financial director had interpreted the cost-of-living supplement incorrectly. In this, the actuarial report had stated the total of 7500 for a certain period and this official had erroneously assumed this as 7500 guilders – however, the beginning of the report states ‘figures are mentioned in thousands of guilders’. It therefore amounted to 7.500.000 guilders: a capital blunder."
If other cost-of-living supplement periods are considered as well as a possible debt of 4 million guilders to the Postspaarbank, the revealed setback regards an amount of approx. 30 million guilders. This is still 10 million less than published in the media as ‘losses which the Canadian Post had succeeded in concealing’ for the team that had negotiated with them on breaking off the strategic agreement of these two organizations.
Triple-function
"It’s possible that this enormous interpretation mistake could have been discovered if the relevant official had not also managed the computerized system and managed his own internal control – of course this is an undesired complex of functions", Sluis continues. He still departs from a human mistake – no matter how gigantic and incomprehensible – and not intentionally. He also regrets that such specific information was made public of one of his employees. The call for clarity in this regrettable affair is essential. "We will immediately separate this ‘triple-function’. This case is still in progress. There is also a question of a court case, so we will not elaborate on further details", Sluis concludes.