Rank: Elder Joined: 6/23/2009 Posts: 14,219 Location: nairobi
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obiero wrote:HaMaina wrote:obiero wrote:HaMaina wrote:obiero wrote:HaMaina wrote:obiero wrote:VituVingiSana wrote:obiero wrote:That's massive can't possibly be the loss before tax. Maximum -7B There's no loss too massive for KQ... Losing 7Bn AFTER the loan restructuring? 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 I thought KQ Q1 was April-June It was changed at the last AGM If the agm was on 30th August 2017, then doesn't it mean the earliest any changes to the accounts quarters can be seen is 2019? It's possible to break the quarters and end the cycle as at 31.12.2017 In such a case, what happens to the half year July - December ? 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] Kesho ni kesho
KQ ABP 4.26
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