TEG 20.0% 0.4¢ triangle energy (global) limited

this line ....golden, page-5

  1. 292 Posts.
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    Just to confirm the comments by both Q and TC, I am testing my memory here a bit but in essence this comment is all about accounting standards and the principles of consolidation under the applicable accounting standards. Notably the control/influence exerted from a party.

    No doubt TEG directors (and Darren Brombley is an accountant) clarified this issue with their accountants and auditors.

    Q and TC are right in that it changes absolutely nothing in regard to the economic interest/ownership TEG has in these assets it is purely complying with accounting standards to report it in this manner.

    I hope that explanation helps.

    Cheers, Mav
 
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