Jamaica Broilers Group has advised that the company and its subsidiaries are not holders of GOJ instrument which are subject to this Debt Exchange Programme. There may however be an impact on the company’s balance sheet in relations to the “Post-employment benefit assets” given impending change on the discount rate used in the actuarial valuation for accounting purposes. The extent of this change, if any, will not be known until discount rate is reset by the Institute of Chartered Accountants of Jamaica and the actuarial valuation of the Jamaica Broilers Group Limited Superannuation Scheme is completed as at April 30, 2010.
