(1) The quarterly financial statements shall comprise either a complete set of financial statements or a set of condensed financial statements but the statements shall include at least

(a) a balance sheet;

(b) an income statement for the period on a year to date basis;

(i) changes in equity;

(ii) a statement of recognised gains and losses, changes in equity except those arising from capital transactions with owners and distribution to owners;

(iii) selected explanatory notes as specified in this regulation; or

(iv) A condensed cash flow statement.

(2) The quarterly financial statements shall

(a) include at least the headings and sub totals that were included in its most recent financial statements with additional line items included if their omission would make the quarterly financial statements misleading; and

(b) Include details of the basic and diluted earnings per share presented on the face of the quarterly income statements.

(3) Quarterly financial statements shall disclose at least

(a) the following information by way of notes if material and if not disclosed elsewhere in the quarterly financial reports:

(i) a statement that the same accounting policies are followed in the quarterly financial statements as

compared with the most recent annual financial statements or if a change in policies has occurred a description of the nature and effect of the change;

(ii) explanatory comments about the seasonality or cyclical nature of quarterly operations if relevant;

(iii) the nature and amount of items affecting assets, liabilities, equity, net income or cash flows that are unusual on account of their character, size or incidence;

(iv) the nature and amount of any changes in estimates in amounts reported in prior interim periods of the current year or in prior years if those changes have a material effect in the interim period;

(v) issuances, repurchases and repayments of debt and equity securities;

(vi) dividends aggregate or per share paid separately for ordinary shares and other shares;

(vii)material events subsequent to the end of the interim period that have not been reflected in the financial statements for the interim period;

(viii)the effect of changes in the composition of the company during the interim period arising from business

combinations, disposals, restructuring and discontinued operations but in the case of the latter it shall indicate significant activities since the end of the most recent financial reporting relating to the discontinuing operation and shall include significant changes in the amount or timing of cash flows relating to assets and liabilities disposed of or settled; and

(ix) changes in contingent liabilities and assets since the last balance sheet date; and

(b) Any other events or transactions that are material to an understanding of the period to which the statements relate.