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1.04% 9.5¢ change financial limited

Ann: Annual Report to shareholders, page-7

  1. ddzx
    37,911 Posts.
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    02/10/19
    14:17
    Post #: 40686578
    the report says: Subsequent to year end the Company received US$200,000 proceeds from the realisation of its investment in Ivy Koin LLC and Ivy Blockchain Pty Ltd.

    therefore, it appears US$200,000 is the sale proceeds and US$1,300,000 in the P&L and cashflow statements is the capital distribution

    obviously, the $200,000 should have been included in the balance sheet as a "receivables" asset but it appears it was overlooked
    Last edited by ddzx: 02/10/19
    CCA Price at posting: 31.5¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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