The new accounting reporting changes come into effect on 1 January 2019, as far as I am aware, as TRS balance date ends on 31 June, the new accounting standards e.g., reporting lease liability and lease asset won't apply in this financial year.
The other case is when they do crop up in FY2020 there will also be a decent uptick in lease assets and as they payback the lease on a yearly basis the value of the lease liability reduces.
I don't really see this being a huge issue. It more a case of everything being transparent whereas previously we shareholders knew it existed just not the extent and value.
AUS Super should be getting fairly close now, trading today has been pretty substantial again eventually when they sell down we should see a recovery.
TRS Price at posting:
$2.03 Sentiment: Buy Disclosure: Held
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