re: siameseparrot siameseparrot:
Sorry, but I totally disagree with you on the accounting issue and I'll quote from the company's announcment. You are totally wrong:
"These higher write-offs were taken after the Board recognised the industry trend of expensing
exploration costs earlier in the cycle than has been the previous practice. As a consequence of this
review, $34.1 million in exploration and development assets have been expensed for the year."
No new accounting rules.
And:
"and higher amortisation and depreciation costs."
No new rules there either.
And:
6. Development and exploration
expenditure written off
Impairment loss on exploration assets 30,620,000
Impairment loss on development assets 3,437,000.
The material impairment of exploration assets in 2006 was the result of an assessment that found that there
was sufficient data to determine certain exploration wells were not technically feasible or commercially
viable.
ARC reviews its development assets for impairment at each reporting period. Based on changes to reserves
estimates of certain fields and higher capital costs than budgeted, $3.4 million of ARC development assets
(2005: $0.8 million) were written off during the year.
Nope, no new rules ther either.
- Forums
- ASX - By Stock
- 5GN
- takeover
takeover, page-20
-
- There are more pages in this discussion • 1 more message 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 5GN (ASX) to my watchlist
(20min delay)
|
|||||
Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.88M |
Open | High | Low | Value | Volume |
15.0¢ | 15.3¢ | 15.0¢ | $346.0K | 2.306M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 473462 | 15.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.5¢ | 1683401 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 17 | 0.155 |
4 | 480119 | 0.150 |
4 | 1518638 | 0.145 |
2 | 7600 | 0.140 |
1 | 7407 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 10053 | 3 |
0.155 | 1969653 | 25 |
0.160 | 235493 | 8 |
0.165 | 169143 | 5 |
0.170 | 391494 | 4 |
Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
Featured News
5GN (ASX) Chart |