IFRS Financial Report

Please Note:

The results discussed in these documents are presented in accordance with IFRS and are not comparable to our results released in accordance with Nigerian GAAP.

Reporting using IFRS is a requirement for listing on the JSE and IFRS is becoming the acceptable standard around the world. The reporting under Statement of Accounting Standards (SAS) as prescribed by the Nigerian Accounting Standards Board shall follow shortly.

Please note that IFRS records a number of items differently from SAS, hence, it can be expected that the SAS figures will be somewhat different. Examples of such items include Goodwill, Prepayment, Loans and Advances, Creditors, etc.