TER 2.56% 19.0¢ terracom limited

Ann: Suspension from Official Quotation, page-25

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    Subsequent events after the year end are included in both the directors report and as a note to the financial statements. It would not impact the actual numbers in the financial report (ie Pnl and BS). TER management want the refinance done otherwise the auditors will likely sign off with an emphasis of matter on going concern, in simple terms, the auditors believe the company cannot meet its obligations.

    These events (if material) are those that occurred after the year end right up to the signing of the report, the report hasn't been signed yet, if it has it should have been released to the market. refinancing of the existing loan would be a material event.
 
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