Answer to Question #166522 in Management for Wilfred Mwinso

Question #166522

From the report, state clearly the THREE (3) major shareholders of Aluworks PLC and the proportion of their shareholdings. Identify whether those shareholders have control or significant influence on Aluworks and whether Aluworks was right in presenting separate financial statements.


1
Expert's answer
2021-03-01T09:36:05-0500

The principal shareholders of the company are SSNIT with a proportion of 62.62%, and Caitlyn Limited with a proportion of 20.88%. The shareholders have control and an important influence on Aluworks. They are the main stakeholders who inform the company’s financial decision-making process. Therefore, it was right presenting separate financial statements to inform the public which shareholder is contributing much to the company’s growth and development.


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