According to the disclosure, the audit is
taking longer than expected as a result of the mandatory audit of post balance
sheet events that have occurred subsequent to the 2019 reporting period.
The company therefore confirms that the
2019 audit is in the finalization stage. The disclosure filed with the exchange
stated, “Oando PLC (“Oando” or the “Company”) announces that the Company’s
Audited Financial Statement for the year ended 31st December 2019 (“2019 AFS”)
are yet to be finalised and will not be in a position to file the 2019 AFS
before end of Q1 2022 as earlier communicated in our press release of February
3, 2022”.
“We envisage that the board of directors
will be able to approve the 2019 AFS on or before April 30, 2022. Following the
approval, management and the auditors will approach the Financial Reporting
Council for final approval and release of the financial statements”.
However, the disclosure included stated
tentative dates for the release of other outstanding accounts such as the 2020
Audited Financial Statement and the unaudited financial accounts for Q1-Q4
2021, which are as follows:
- 2020 Unaudited Financial Statements, to be released on May 3rd, 2022.
- 2020 Audited Financial Statements, to be released on July 31, 2022.
- 2021 Unaudited Financial Statements, to be released on August 5, 2022.
- 2021 Audited Financial Statements, to be released on October 31, 2022.
Kindly note that these are tentative dates
and the Audited or Unaudited Financial statements listed above could be
released on different dates.
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