The management of integrated energy group, Oando Plc, on Wednesday published a new timetable of tentative date for the release of its outstanding audited and unaudited financial statement to investors through the Nigerian Exchange Limited platform.
According to the filing by Ayotola Jagun, its Chief Compliance Officer and Company Secretary, the 2021 unaudited and audited financials will now be published on August 5 and October 31, 2022, respectively; while those of prior year will be available on May 3, and July 31.
In the statement titled “update on the publication of the audited financial statement of Oando Plc, the company however noted that the audited financials for 2019 are yet to be finalised and will, therefore, not be filed before Q1 2022, as earlier communicated in its press statement on February 3.
According to Jagun, “the audit is taking longer than expected due to the mandatory audit of post-balance sheet events that have occurred subsequent to the 2019 reporting period.
“We hereby confirm that the 2019 audit is in the finalization stage. 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.