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Ann: Preliminary Final Report, page-55

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77 Posts.

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26/02/21

16:57

Post #: 51370858
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Originally posted by Littlelist: ↑

Could someone be good enough to explain why 'Foreign currency translation differences' has risen 1830% this year from $111,406 (Dec19) to $2,038,341 (Dec20)? This I could accept if our market was in the USA and the exchange rate. I have not found an explanation in the report. Maybe someone has an explanation and could direct me to it.
My interest is in the resultant gap between the income to owners of the company and the profit to owners of the company. A stark difference this year compared to last year.
My position on the learning curve of investing (still sometimes financially painful) would have me pay attention to the 'bottom line' being the income to owners or 'Total comprehensive income for the year'.
Any contributions to my enlightenment would be appreciated.
Enjoy your weekend.

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Hi Littlelist,

I would likely put this down to COVID. The dramatic fall and rebound of the AUD could have caused had this material impact. Expect it to be further detailed in fully audited financials when they are available.

Cheers

VMT Price at posting: 45.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 12.5¢		Change 0.000(0.00%)		Mkt cap ! $52.27M

Open	High	Low	Value	Volume
12.0¢	12.5¢	12.0¢	$47.99K	384.3K

Buyers (Bids)

No.	Vol.	Price($)
1	9	12.0¢

Sellers (Offers)

Price($)	Vol.	No.
12.5¢	15550	1

View Market Depth

No.	Vol.	Price($)
1	9	0.120
5	160883	0.115
2	70000	0.110
2	58257	0.105
2	16500	0.100

Price($)	Vol.	No.
0.125	15550	1
0.130	447698	5
0.135	94459	2
0.140	579689	4
0.145	112654	3

Last trade - 15.05pm 08/10/2024 (20 minute delay)

VMT (ASX) Chart