BLA 0.00% 18.5¢ blue sky alternative investments limited

Ok, so anybody who still holds, this is one of the reasons I...

  1. 456 Posts.
    lightbulb Created with Sketch. 221
    Ok, so anybody who still holds, this is one of the reasons I have serious issues with the accounting of Blue Sky:

    https://hotcopper.com.au/data/attachments/1480/1480963-d8ba94e4d9210e80895d5da83049dc83.jpg

    As you can see they are not carrying the loan on the balance sheet at 50mil, they are carrying it at 43million. I cannot believe that the auditors are signing off on this FFS. Now im not an accountant, but in my mind, that loan should be recorded at 50mil on the balance sheet. This is just one item, but its indicative of the type of accounting methodology that they use. How can anybody have any faith in the NTA if they are understating the loans????


 
watchlist Created with Sketch. Add BLA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.