Hi all
I was hoping someone with a close eye on the company can clarify the impairment expense.
EIO lent KCMH $800k. This loan has been impaired as EIO dont believe they will receive the funds in return.
But then, post balance sheed date, EIO lend them another $2.1m.
I understand that EIO must loan KMCH funds as part of the Put and call deed - but it seems a little odd that they have impaired this loan, and then gone and lent them some more money?
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