That's massive can't possibly be the loss before tax. Maximum -7B

Only 5% of the shares can be considered float. GoK and KQLC are probably not allowed to sell unless they inform the CMA. KQLC may have a lock-in period as well.

The restructuring became effective in the last quarter of the revised accounting period for KQ so all effects will carry over to Q1 JAN-MAR 2018 going forward

It was changed at the last AGM

Thank goodness. It just couldn't be the loss before tax. You had me worried bro

It's possible to break the quarters and end the cycle as at 31.12.2017

It can be declared an overlap with adequate notes on the reason behind the changes. The following paragraphs are taken from the IAS Plus summary of IAS 1

Comparative Information

IAS 1 requires that comparative information shall be disclosed in respect of the previous period for all amounts reported in the financial statements, both face of financial statements and notes, unless another Standard requires otherwise. [IAS 1.36]

If comparative amounts are changed or reclassified, various disclosures are required. [IAS 1.38]

Reporting Period

There is a presumption that financial statements will be prepared at least annually. If the annual reporting period changes and financial statements are prepared for a different period, the enterprise must disclose the reason for the change and a warning about problems of comparability. [IAS 1.49]

@muandiwambeu incase the Open Offer isn't well structured, I shall sell my KQ holding.. My forecast on the same is minimum 3 new shares for each share held, price of course below KES 8.52 as guaranteed in the prior Project Safari circular

@chief vvs.. Some utopian ideas are relevant on the bitcoin thread.. It's not possible to re-hire everyone.. The few bad apples can be exited

9500 Posts. KQ is special!