ENG 0.00% 89.0¢ engin limited

Ann: Preliminary Final Report , page-17

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  1. 51 Posts.
    Standup,

    NO ! NO ! NO ! NO ! NO !

    You were that kid that the teacher put that pointy hat on and sat at the back of the classroom weren't you...

    OK - I'll type this REALLY slowly....

    Open the ENG release and refer to the second last page....

    Now check the column headed H2FY09.....

    You see a Loss After Tax $3.7m.... ?

    OK now go to Note 3C ... $5.4m includes impairment charge of $1.6m.

    Now Balance Sheet - Non-Current Assets value in books of $3.7m - what do you think the depreciation change will be going forward?? I'll tell you - rather than $5.4m - depreciation will probably be $1.5m-ish for 2009-10.

    So you really believe there's a $7m loss in the wind??

    The only groundhog occurance is that you'll GOOSE yourself with another attempted response....

 
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