Hi Mikey1976, read into the AASB16 standards. Leases are now accounted for on the balance sheet and so "liabilities" reflect this. Imagine if you signed a residential lease for a year, you don't put down a $20k or so liability on your net worth, well at least I don't. The first quarter was pre AASB16 and so by adjusting the first quarter you can do a true comparison. I am disappointed that the detail is lacking in the presentation.
Ann: Veris 1H FY20 Results Presentation, page-4
-
- There are more pages in this discussion • 63 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
