Change of year end
The financial year end of the Company was changed from 31 December to 28 February so as to coterminous with the year end of its ultimate holding company as required by section 168 (1) (b) of Companies Act 1965. Accordingly, the current financial statements are prepared for 13 months from 1 January 2008 to 28 February 2009 and as a result, the comparative figures stated in the income statement, statement of changes in equity, cash flow statement and the related notes are not comparable.
[...] Posted by learnaccounting on May 15, 2009 If you need sample disclosure of change in finanicial year end please refer to: Change In Financial Year End [...]