FR (Page 353)

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UNA Ltd., KMN Ltd. and LLE Ltd. were Sh.899 million, Sh.360 million and Sh. 150 million respectively. 2. KMN Ltd. had purchased 70% of the ordinary share capital of LLE Ltd. on 1 October 1991 for Sh.330 million when the balance on the Profit and Loss Accounts of UNA Ltd., KMN Ltd. and LLE Ltd. were Sh.856 million, Sh.330 million and Sh. 130 million respectively. The investment was revalued upwards by Sh.30 million on30 September 1995. The directors of KMN Ltd. had decided to revalue the investment at Sh.378 million at 30 September 1996, but this has not yet been reflected in the books. 3. KMN Ltd. makes sales to both UNA Ltd. and LLE Ltd. at normal selling price (cost plus a mark-up of 33'/3%). At 30 September 1996, items purchased by UNA Ltd. and LLE Ltd. from KMN Ltd. remaining unsold had cost Sh.24 million and Sh. 16 million respectively. Group policy on unrealised intra-group profits is in line with current
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