XPD xpd soccer gear group limited

@desire - they may have put some information in announcements....

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    @desire - they may have put some information in announcements. However I would think that their year end general purpose financial report would disclose this information. After all certain disclosures are mandated by legislation, for example the following requirements:

    An entity shall disclose, together with a commentary by management, the amount of significant cash and cash equivalent balances held by the entity that are not available for use by the group.

    There are various circumstances in which cash and cash equivalent balances held by an entity are not available for use by the group. Examples include cash and cash equivalent balances held by a subsidiary that operates in a country where exchange controls or other legal restrictions apply when the balances are not available for general use by the parent or other subsidiaries.

    Failure to disclose a key item like this, which personally I think is material information, renders the accounts not true and fair. If I was still a shareholder I would write to ASIC to ask the question.

    My opinion. DYOR
 
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