Thought I'd borrow this subject title, "imteresting".
In Paladin's 2012 financial report they record 'Cost of sales' for 2012 as 301.7, giving PDN a gross profit for the year of 26.7m.
But then some convenient accounting in 2013 and their financial report records that their 'Cost of sales' for 2012 were in fact 304.5m and so the 2012 gross profit therefore decreases to from 26.7m to 23.9m - conveniently lower that 2013's 25m, giving them a "5% increase" to report.
It's so annoying trying to compare cost of sales for the last 5 years with them changing the definition of 'cost of sales' all the time. This is the first mining company I've analysed - so is this Paladin's choice to make reporting inconsistent and hard to compare or changes to accounting policies throughout the mining industry? I'm going loopy trying to put together a DCF.
- Forums
- ASX - By Stock
- PDN
- interesting.
interesting., page-6
-
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PDN (ASX) to my watchlist
(20min delay)
|
|||||
Last
$9.37 |
Change
-0.420(4.29%) |
Mkt cap ! $2.802B |
Open | High | Low | Value | Volume |
$9.68 | $9.73 | $9.33 | $25.98M | 2.746M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500 | $9.33 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.37 | 7986 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3000 | 9.310 |
5 | 3422 | 9.300 |
3 | 6964 | 9.280 |
1 | 200 | 9.270 |
2 | 1525 | 9.260 |
Price($) | Vol. | No. |
---|---|---|
9.410 | 1280 | 1 |
9.550 | 1200 | 1 |
9.710 | 1000 | 1 |
9.730 | 10162 | 2 |
9.830 | 8100 | 1 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
Featured News
PDN (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online