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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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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: 18,129 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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Aguytrying		#11 Posted : Tuesday, March 26, 2013 7:17:44 PM
Rank: Elder Joined: 7/11/2010 Posts: 5,040		chiaroscuro wrote: RINK: DN, p17 As author, why not change the heading of the thread. now that the facts have been clarified The investor's chief problem - and even his worst enemy - is likely to be himself
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youcan'tstopusnow		#12 Posted : Wednesday, March 27, 2013 2:36:13 PM
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa		admin, change the title to indicate it is a Kshs. 52 Million Profit Different banks put the years differently. But they are always clearly indicated ************* Loan Book went up by 333% to Kshs. 1.3 Billion Interest Expenses surged to Kshs. 26 Million from Kshs. 5.6 Million. Net Interest Income still nearly doubled to Kshs. 209 Million thanks to Total Interest Income ramping up to Kshs. 236 Million from Kshs. 112 Million Insider Loans Kshs. 142.6 Million from Kshs. 9.5 Million Cost:Income ratio 84.5% GOD BLESS YOUR LIFE**
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