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Correct me if I am wrong, but this shouldn't feature in the...

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andyt44

807 Posts.

70

01/03/21

11:58

Post #: 51414987
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Originally posted by Holdtight: ↑

To get the same result as the forgiveness they would have needed $13m in profits from $45m in extra sales. Assuming (30%) margin.
Therefore the forgiveness has to be accounted for as revenues. And profit is revenues less expenses.

Liabilities are reduced by this amount.

This figures will show up in the Q1 4c and will add to the 6 months guidance of $24m-$28m.

This would have been all approved by ASX and auditors.

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Correct me if I am wrong, but this shouldn't feature in the revenue guidance should it?

BUD Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
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Correct me if I am wrong, but this shouldn't feature in the...

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