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Jamii Bora Bank Posts Sh37m Loss
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chiaroscuro
#1 Posted : Tuesday, March 26, 2013 8:21:19 AM
Rank: Veteran

Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
RINK: DN, p17
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theking
#2 Posted : Tuesday, March 26, 2013 9:08:51 AM
Rank: Member

Joined: 1/25/2010
Posts: 344
chiaroscuro wrote:
RINK: DN, p17


it's a profit of 52,740,000. The loss was in 2011.
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chiaroscuro
#3 Posted : Tuesday, March 26, 2013 10:16:52 AM
Rank: Veteran

Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
theking wrote:
chiaroscuro wrote:
RINK: DN, p17


it's a profit of 52,740,000. The loss was in 2011.


Accountants in the house: is there an accounting standard relating to how comparative figures for prior year are shown? Do they go to the first or second column?

Personally, I am use to current year first, prior year second. However, I have noticed that some companies [Jamii is one of them] do it the other way round. And things get very confusing if the current year figures are not highlighted.
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guru267
#4 Posted : Tuesday, March 26, 2013 10:23:42 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
chiaroscuro wrote:
theking wrote:
chiaroscuro wrote:
RINK: DN, p17


it's a profit of 52,740,000. The loss was in 2011.


Accountants in the house: is there an accounting standard relating to how comparative figures for prior year are shown? Do they go to the first or second column?

Personally, I am use to current year first, prior year second. However, I have noticed that some companies [Jamii is one of them] do it the other way round. And things get very confusing if the current year figures are not highlighted.


@chiaroscuro it doesn't really matter what column shows what as long as there is clear comparison between the periods!
Mark 12:29
Deuteronomy 4:16
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  | | Edit by user: Tuesday, March 26, 2013 10:24 AM | Reason: Not specified
ayub900
#5 Posted : Tuesday, March 26, 2013 10:25:42 AM
Rank: New-farer

Joined: 3/7/2013
Posts: 12
Well, well. Which bank is this one and what a way to shoot out from hibernation?
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wajona
#6 Posted : Tuesday, March 26, 2013 12:13:28 PM
Rank: Member

Joined: 9/18/2006
Posts: 8
Its good practice to have current year in the first column
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chiaroscuro
#7 Posted : Tuesday, March 26, 2013 3:17:33 PM
Rank: Veteran

Joined: 2/2/2012
Posts: 1,134
Location: Nairobi
ayub900 wrote:
Well, well. Which bank is this one and what a way to shoot out from hibernation?


Used to be called City Finance; then it was taken over by Jamii Bora Trust
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VituVingiSana
#8 Posted : Tuesday, March 26, 2013 4:38:14 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
chiaroscuro wrote:
ayub900 wrote:
Well, well. Which bank is this one and what a way to shoot out from hibernation?

Used to be called City Finance; then it was taken over by Jamii Bora Trust
Baraka Fund, then some other investors came in later in a Rights & Private Placement.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Mainat
#9 Posted : Tuesday, March 26, 2013 5:47:06 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Hopefully there won't be any capital raising activity this December...
Sehemu ndio nyumba
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Aguytrying
#10 Posted : Tuesday, March 26, 2013 7:15:58 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
chiaroscuro wrote:
RINK: DN, p17


As author, why not now change the heading of the thread
The investor's chief problem - and even his worst enemy - is likely to be himself
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