General Announcement::2015 Full Year and 2016 Quarterly and Full Year Results - I...
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Issuer/ Manager | NEPTUNE ORIENT LINES LIMITED |
Securities | NEPTUNE ORIENT LINES LIMITED - SG1F90001388 - N03 |
Stapled Security | No |
Announcement Title | General Announcement |
Date & Time of Broadcast | 12-Jan-2016 17:17:20 |
Status | New |
Announcement Sub Title | 2015 Full Year and 2016 Quarterly and Full Year Results - Indicative Announcement Dates |
Announcement Reference | SG160112OTHRC9CR |
Submitted By (Co./ Ind. Name) | Looi Lee Hwa (Ms) & Wong Kim Wah (Ms) |
Designation | Company Secretaries |
Description (Please provide a detailed description of the event in the box below) | Please refer to the Company's announcement (attached). |
Attachments
2016 Results Announcement Dates.pdf Total size =127K
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12/1/2016
(Incorporated in the Republic of Singapore) Company Registration Number: 196800632D
The Company wishes to announce the indicative dates for the release of its 2015 full year and 2016 quarterly and full year financial results as follows:
CALENDAR YEAR/QUARTER- END DATES | THE COMPANY'S YEAR/QUARTER- END DATES (BASED ON ITS ACCOUNTING CYCLE ) | LATEST ANNOUNCEMENT DATES ON CALENDAR BASIS | THE COMPANY'S SCHEDULED ANNOUNCEMENT DATES |
December 31, 2015 | December 25, 2015 | February 29, 2016 | February 23, 2016 |
March 31, 2016 | April 1, 2016 | May 15, 2016 | May 13, 2016 |
June 30, 2016 | June 24, 2016 | August 14, 2016 | August 4, 2016 |
September 30, 2016 | September 16, 2016 | November 14, 2016 | October 27, 2016 |
December 31, 2016 | December 30, 2016 | March 1, 2017 | February 24, 2017 (to be confirmed) |
As the Company and its subsidiaries (collectively, the "Group") adopts a '6-week' accounting cycle for the first and the last periods (i.e. P1 and P12), and a '4-week' accounting cycle for the rest of the year (i.e. from Period 2 to Period 11), the accounting year/quarter end dates of the Group are not aligned with the calendar month end dates. The reasons for adopting an accounting cycle with its year/quarter end dates perpetually falling on Friday are explained as follows:
As a global liner group, the Group operates its business worldwide on one accounting system. With the year/quarter end dates always falling on Friday, all the 'subsystem interfaces' batch jobs are scheduled and carried out over the weekends. This arrangement limits the disruption made to the business operations, especially for those processes which heavily rely on the availability and performance of the accounting system.
This ties in with the weekly voyages deployed by the Group in most of its trade lanes.
Despite the fact that the year/quarter end dates of the Group may fall before or after the calendar month end dates, the Company is committed to announcing its financial results earlier than the latest announcement dates that are derived based on the end of the calendar year/quarter. For details, please refer to the above table.
Looi Lee Hwa (Ms)/Wong Kim Wah (Ms) Company Secretaries
12 January 2016
NOL - Neptune Orient Lines Limited issued this content on 2016-01-12 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-12 11:39:34 UTC
Original Document: http://www.nol.com.sg/wps/wcm/connect/e100ad804b4889a89624bfc88acd9daa/NOL+2015+Full+Year+and+2016+Quarterly+and+Full+Year+Results+-+Indicative+Announcement+Dates.pdf?MOD=AJPERES&CACHEID=e100ad804b4889a89624bfc88acd9daa