Without digging too deep any exploration expenditure would have been capitalised on balance sheet and not put through P&L Accounting sleight of hand. Once pumping of oil starts this will be amortised against revenue (sales). If pumping does not happen at all then it will be put through P&L as a non cash expense. Hope that makes sense. The crazy new accounting standards that have developed over the past 2 decades is why I handed in my card. Annual reports used to be simple and just a few pages. The layman could understand them. Now annual reports are 50-100+ pages of gobbledigook and no one reads them and even if they did they would not understand them. The foreign exchange accounting standard back a couple of decades ago blew a fuse in my brain. I never recovered.
- Forums
- ASX - By Stock
- CVN
- Ann: Unlocking New Bedout Resources
Ann: Unlocking New Bedout Resources, page-26
-
-
- There are more pages in this discussion • 26 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CVN (ASX) to my watchlist
(20min delay)
|
|||||
Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $286.2M |
Open | High | Low | Value | Volume |
16.0¢ | 16.0¢ | 15.8¢ | $136.6K | 855.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 166365 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 184462 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 106688 | 0.155 |
11 | 1673891 | 0.150 |
20 | 477375 | 0.145 |
14 | 571795 | 0.140 |
3 | 487000 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 159462 | 3 |
0.165 | 335710 | 6 |
0.170 | 534952 | 11 |
0.175 | 569536 | 8 |
0.180 | 602975 | 9 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
Featured News
CVN (ASX) Chart |