Business
Jadestone Energy Changes Fiscal Year End to Dec 31
Jadestone Energy Changes Fiscal Year End to Dec 31.
About this update from Jadestone Energy Plc
[{"type":"text","content":"\n \nRNS Number : 2857W Jadestone Energy Inc. 13 November 2017 \n\n\n \n \nJadestone Energy Changes Fiscal Year End to December 31\n \n \nSingapore, November 13, 2017: Jadestone Energy Inc. (TSXV: \"JSE\") (the \"Company\") is pleased to announce that it intends to change its fiscal year end from March 31 to December 31. This notice is given pursuant to Section 4.8(2) of National Instrument 51-102-Continuous Disclosure Obligations (\"NI 51-102\"). \n \nChief Financial Officer, Dan Young said \"This change will bring Jadestone into line with most of its peers, simplify our financial processes, and better align with regulatory reporting and host nations' planning periods. Most of our subsidiaries are required to report on a calendar year basis for local regulators, meaning this change will result in efficiency gains and hence cost savings.\"\n \nThe Company will begin transitioning to the new fiscal year end immediately. The length and ending date of the periods, including the comparative periods, of each interim and annual financial report will be as follows:\n \n\n\n\n\nTransition Year\n\n\nComparat-ive Annual Financial Statements to Transition Year\n\n\nNew Financial Year\n\n\nComparat-ive Annual Financial Statements to New Financial Year\n\n\nInterim Period for Transition Year\n\n\nComparat-ive Interim Periods to Interim Periods in Transition Year\n\n\nInterim Periods for New Financial Year\n\n\nComparat-ive Interim Periods to Interim Periods in New Financial Year\n\n\n\n\n9 months ended December 31, 2017\n\n\n12 months ended March 31, 2017\n\n\n12 months ended December 31, 2018\n\n\n9 months ended December 31, 2017\n\n\n3 months ended\nJune 30, 2017\n\n\n3 months\nended\nJune 30, 2016\n\n\n3 months ended March 31, 2018\n\n\n3 months ended March 31, 2017\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n6 months ended September 30, 2017\n\n\n6 months ended September 30, 2016\n\n\n6 months ended\nJune 30, 2018\n\n\n6 months ended\nJune 30, 2017\n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n9 months ended September 30, 2018\n\n\n9 months ended September 30, 2017\n\n\n\n\n \nThe Company intends to release its interim financial report for the three months ended September 30, 2017 on November 28, 2017. Further detai...