PFG 1.20% 20.5¢ prime financial group limited

Ann: Half Year Results Presentation, page-7

  1. 977 Posts.
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    Hello

    Could someone please explain why their intangible assets are so high comparable to their overall non-current assets.

    Intangible assets are at $40M
    Total non-current assets are $51M

    This is an unusual ratio. I checked the financial report and it does not go into detail on what is in that $40M

    I do believe we need clarity on this since without the Intangible assets they wouldn't have any equity since the equity is $40M

    Thank you
 
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