Quote:
Originally Posted by VALAIRIAN
Sorry to be thick Jeff, but you understand this better than I, when you say re-stated, does that mean we amended the accounts and stuck in a load more debt??? If so why? And where did it come from???   |
I would imagine that this is where the problems have been. The accountants have probably re-done the 2008 accounts properly and so have to restate the opening balances for the 2009 accounts. Don't think that "we have stuck in a load more debt", just that it wasn't properly accounted for in the original accounts. As far as I know the 2008 accounts were rushed through. Accountants can only prepare accounts with the information that they are given. It they are not given the whole, proper information then the accounts will not give a true picture. As Ilyas says the important accounts are the ones for the year 2009-2010.