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Associated Nursing told to revise accounts
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Newspaper Article
Associated Nursing told to revise accounts
1997
Overview
Associated Nursing Services is to revise its accounts for the two years to 1996 following rulings by the Financial Reporting Review Panel on the treatment of sale and leaseback deals and joint venture companies. The immediate impact on ANS will be to reduce earnings per share, which sent the price to a new low for 1997 of 136p, down 5.5p. Daniel Francis, finance director of Nursing Homes Properties, which carried out sale and leaseback deals with ANS, said: \"If this ruling is made to stick it will have severe implications across all companies and all sales and leasebacks.\"
Publisher
Independent Digital News & Media
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