You have gone through the explanation offered by the directors behind their intention in deciding to extend the accounting year 1999–2000 by three months in their report for the year 1999–2000, as provided in this chapter.
Are you convinced with the explanation offered? Could not the company incorporate and report the results of the ongoing restructuring programme in the year 2000–01? What could have been the real intention in extending the year had the restructuring been implemented? Stretch your imagination and your knowledge of finance and come out with a rational answer. Draft a crisp onepage report.