FKP fkp property group
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Ann: FKP Appoints Geoff Grady as CEO , page-45

  1. Rambo23
    392 Posts.
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    19/07/13
    19:44
    Post #: 12086715
    Plough

    20 years is a long time since you studied.

    IFRS kicked in from 2005. Thats how things work now.

    Basically companies can keep valuing land at lower of cost or NRV as long as they hold for development purposes. However if they decide to sell then they have to revalue to market.

    That's not pretty - see what happened to the value of the Currumbin land when they moved from a developing asset to a held for sale asset at June 2012.
    FKP Price at posting: $1.18 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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