"Wherever CCP invest funds (in PDLs of loans made) is one thing, but how it reflects this in its accounting is another. The PDL business is biased to reporting revenue and profit in step with collections. CCP's loan businesses expenses are exaggerated via up-front provisioning in CCP's statutory accounting, but not its tax accounting,because the ATO disallows debt provisioning as an expense (debts must be written off when they are deemed not to be collectable)."
If "CCP's loan businesses expenses are exaggerated via up-front provisioning in CCP's statutory accounting, but not its tax accounting" as said above, why does CCP do so? Does CCP purposely make its statutory EPS look worse?
Pioupiou, I am sorry that I may be ignorant, but it puzzled me for a while.
"Wherever CCP invest funds (in PDLs of loans made) is one thing,...
Add CCP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$15.54 |
Change
-0.160(1.02%) |
Mkt cap ! $1.057B | |||
| Open | High | Low | Value | Volume |
| $15.88 | $16.01 | $15.48 | $3.751M | 240.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 47 | $15.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.56 | 535 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$15.49 |
Change
-0.160 ( 1.54 %) |
||||
| Open | High | Low | Volume | ||
| $15.84 | $16.01 | $15.49 | 36988 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| CCP (ASX) Chart |