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News Flash
Sports retailer JJB Sports reports fall in FY results
21 May '09
4 min read
Financial reporting
The Group faces a number of material uncertainties and limitations, including, but not limited to, the fact that the CVA proposal has not yet been implemented and could still be subject to a challenge and that the new financing arrangements do not become available to the Company until the CVA proposal is implemented. As a result, the Directors are currently unable to conclude on going concern and accordingly the Company is currently unable to finalise and publish its full audited accounts for the 52 weeks to 25 January 2009.
However, mindful of its disclosure obligations as a listed company, the Company has decided to publish its unaudited preliminary results for the 52 weeks to 25 January 2009 today. The Company currently expects to be in a position to publish its full audited annual financial statements in the first half of June 2009.
The Group faces a number of material uncertainties and limitations, including, but not limited to, the fact that the CVA proposal has not yet been implemented and could still be subject to a challenge and that the new financing arrangements do not become available to the Company until the CVA proposal is implemented. As a result, the Directors are currently unable to conclude on going concern and accordingly the Company is currently unable to finalise and publish its full audited accounts for the 52 weeks to 25 January 2009.
However, mindful of its disclosure obligations as a listed company, the Company has decided to publish its unaudited preliminary results for the 52 weeks to 25 January 2009 today. The Company currently expects to be in a position to publish its full audited annual financial statements in the first half of June 2009.
JJB Sports plc
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