LNG macro analysis, page-1604

monsters, to be honest with you I’m not fully versed on ‘fair value’.

If it applies to a company’s assets, or in IDG’s case their subsidiary’s assets, the ‘fair value’ method seems to apply a certain market value to the assets at the time of the report.

If you compare the SP at the time of the report to the current price, you could conclude that the ‘fair value’ assets have decreased around $9 Million (AUD) since the report and you could add in the financial loss relating to the costs of the share transaction.

We know the share value over time is speculative not certain, so it seems to me that this method of reporting is suspect and the idea appears to allow unrealised gains to show up on the balance sheet in an effort to change the appearance of net income.

As far as I know, income (investment or otherwise) is only realised when the money has changed hands, which points to IDG’s subsidiary either having sold LNG shares or received money in another way.

I’m no accountant, but I appreciate you replying to my post and giving me something to think about because firstly I think it facilitates thoughtful discussion, and secondly....

When there has been no rain, the Martinsville cow paddocks are devoid of mushrooms and my brain needs the exercise that it would normally get from my special brands of coffee!!!!