With accrual accounting if a bill(s)was received last financial year that is still in dispute then yes, the future payment / or not would affect past financials.
For example this could be the taxes on imports etc which were not supposed to be levied but were. If this was bundled in the "settlement" then perhaps it would have a material impact on last year's financials.
Ann: 2023 Annual Financial Report Lodgement, page-28
Add LLL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
50.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $605.4M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| LLL (ASX) Chart |
Day chart unavailable