@Jiggysaurus wrote:@slstock wrote:Jiggy,
Agree on the first point : we should look at Group.
On second point, having access to Company accounts also will be useful
( For Ex : To figure RCL core company earnings etc)
For companies like JKH, CARS and HAYL separately showing company accounts is utter nonsense (there is no such thing as a core company inside that group). Which is why the parent companies of Caltex or Nestle only reports group statements. Anyway this is something for accountants to sort out, Sri-Lanka would be around 40-50 years behind other markets so we might get inline by 2070.
In the case of SHAW the subsidiary is 100% owned so it is extra utter nonsense to report company accounts separately. If it can confuse "global moderators" like Seyon imagine how non global moderators are going to read the statements?
I also wonder how i was promoted as global moderators even i was out of the forum for last two years. So dont designate me as global moderator.
i am not an accounting professional but I did not confuse . so can u explain me why the impairment provision was made within a short period and how that would impact to shareholder's wealth.