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EA Cables FY17
Pesa Nane
#1 Posted : Friday, May 04, 2018 6:18:09 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Pesa Nane plans to be shilingi when he grows up.
VituVingiSana
#2 Posted : Friday, May 04, 2018 7:40:05 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Pesa Nane wrote:

Chefs at work!
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Metch
#3 Posted : Friday, May 04, 2018 7:43:22 PM
Rank: Member

Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
Pesa Nane wrote:


The whole alphabet was deployed here and I got nothing. Someone break it down for me. Are the results too salty to table?
Start!
Metch
#4 Posted : Friday, May 04, 2018 7:46:02 PM
Rank: Member

Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
Metch wrote:
Pesa Nane wrote:


The whole alphabet was deployed here and I got nothing. Someone break it down for me. Are the results too salty to table?

Or are we saying past results were cooked and this is to set the record straight
Is there a precedent to this?
Start!
Metch
#5 Posted : Friday, May 04, 2018 7:51:52 PM
Rank: Member

Joined: 12/22/2015
Posts: 224
Location: Mombasa, Kenya
Metch wrote:
Metch wrote:
Pesa Nane wrote:


The whole alphabet was deployed here and I got nothing. Someone break it down for me. Are the results too salty to table?

Or are we saying past results were cooked and this is to set the record straight
Is there a precedent to this?

The TCL statement is quite telling. So.. We have an audit at CABL that has delayed the declaration of group results. That can't be good
Start!
Pesa Nane
#6 Posted : Friday, June 15, 2018 10:26:25 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
After much delay.... Sad Sad


Pesa Nane plans to be shilingi when he grows up.
Pesa Nane
#7 Posted : Friday, June 15, 2018 10:49:00 PM
Rank: Elder

Joined: 5/25/2012
Posts: 4,105
Location: 08c
Quote:
Summary Financial Statements
The summary financial statements do not contain all the disclosures required by the IFRS and in the manner required by the Kenyan Companies Act, 2015. In addition, the summary directors' remuneration report does not contain all the disclosures required by the Kenyan Companies Act, 2015.

Blah blah....

The report also includes:
* A material uncertainty related to going concern section that draws attention to Note 2(f) of the audited consolidated financial statements. Note 2(f) of the audited consolidated financial statements indicates that East African Cables Plc incurred a loss of Ksh. 663 million during the year ended 31 Dec 2017, and as of that date, East Africa Cables Plc's current liabilities exceeded the current assets by Kshs. 1.59 billion. These events or conditions, along with other matters as set forth in Note 2(f) of the audited consolidated financial statements, indicate that a material uncertainty exists that may cast significant doubt on East Africa Cables Plc's ability to continue as a going concern.
Pesa Nane plans to be shilingi when he grows up.
obiero
#8 Posted : Saturday, June 16, 2018 7:13:16 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
The economy is dying..

KQ ABP 4.26
Angelica _ann
#9 Posted : Saturday, June 16, 2018 7:15:24 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Pesa Nane wrote:
Quote:
Summary Financial Statements
The summary financial statements do not contain all the disclosures required by the IFRS and in the manner required by the Kenyan Companies Act, 2015. In addition, the summary directors' remuneration report does not contain all the disclosures required by the Kenyan Companies Act, 2015.

Blah blah....

The report also includes:
* A material uncertainty related to going concern section that draws attention to Note 2(f) of the audited consolidated financial statements. Note 2(f) of the audited consolidated financial statements indicates that East African Cables Plc incurred a loss of Ksh. 663 million during the year ended 31 Dec 2017, and as of that date, East Africa Cables Plc's current liabilities exceeded the current assets by Kshs. 1.59 billion. These events or conditions, along with other matters as set forth in Note 2(f) of the audited consolidated financial statements, indicate that a material uncertainty exists that may cast significant doubt on East Africa Cables Plc's ability to continue as a going concern.


Crazy Drool Drool Sad
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
Ericsson
#10 Posted : Saturday, June 16, 2018 9:57:14 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Angelica _ann wrote:
Pesa Nane wrote:
Quote:
Summary Financial Statements
The summary financial statements do not contain all the disclosures required by the IFRS and in the manner required by the Kenyan Companies Act, 2015. In addition, the summary directors' remuneration report does not contain all the disclosures required by the Kenyan Companies Act, 2015.

Blah blah....

The report also includes:
* A material uncertainty related to going concern section that draws attention to Note 2(f) of the audited consolidated financial statements. Note 2(f) of the audited consolidated financial statements indicates that East African Cables Plc incurred a loss of Ksh. 663 million during the year ended 31 Dec 2017, and as of that date, East Africa Cables Plc's current liabilities exceeded the current assets by Kshs. 1.59 billion. These events or conditions, along with other matters as set forth in Note 2(f) of the audited consolidated financial statements, indicate that a material uncertainty exists that may cast significant doubt on East Africa Cables Plc's ability to continue as a going concern.


Crazy Drool Drool Sad


Debt will kill companies here in Kenya 🇰🇪.
Interest expense of ksh.533mn up from 258mn.
What's the size of the loan
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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