1MC 3.45% 3.0¢ morella corporation limited

Ann: Changes to Loan Note Facility, page-41

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  1. 1,373 Posts.
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    well I've already stated that it's up to the auditor to decide what is a current and and non current liability ( which obviously depends on the timing of cash flows and waivers in place). The auditors after all conduct an "independent" audit and provide shareholders all the reassurance and objectivity we need to invest by issuing an audit opinion on whether the entity can continue as a going concern. That's all the objectivity I need - I certainly don't need your type of objectivity!

    You are dead right that ASIC or the ATO don't decide on what is a current or non current liability. They are not accountants and they are certainly not the auditor and they don't form an opinion on going concern.
 
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