ProverB wrote:Angelica
_ann wrote:http://www.businessdailyafrica.com/Corporate-News/Are-Kenya-Airways-assets-worth-less-/-/539550/2525062/-/5hyddtz/-/index.html
Obiero's take on this. I'd love to hear.
What is coming out of Mbuvi Ngunze shows that he has identified skeletons in the closet. Seeing as Naikuni oversaw the purchase of the now sold aircraft, you cannot tell any sane person that he didnt know that depreciation had eaten into the assets. Furthermore, logical firms depreciate their assets at an even faster rate than what is necessary to avoid overstatement on the balance sheet.. This is good, to get all the mapepos out in one go and focus on steering the firm into glory rather than keeping on blame on Naikuni 1,2,3,4,5 years after his stealthy exit
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45