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Ann: EN1 Q2 2019 Preliminary Results Material Improvements, page-331

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Warnie

17,243 Posts.

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13/07/19

17:54

Post #: 39508588
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Originally posted by homeales: ↑

Did Ted repay the company loan on
I wonder why this repayment wasnt included at 30th June

From Annual Report

The Group’s related parties include its key management personnel and employees. The Group has secured ($1,789,070) and unsecured ($439,962) loans due from key management personnel and employees. As at 31 December 2018, the loan receivable of $2,229,032 is classified as a current receivable. The original repayment date was 30 June 2018 and a revised repayment date of 30 June 2019 was approved by a Board resolution on 23 August 2018. Additionally, on 20 December 2018, the borrowers granted security for these receivable amounts to be secured against personal holdings of the Group’s shares. For unsecured portions of the loans, management has not found any indicators of impairment due to continued employment of loan holders and due date of 2019.

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oh sorry ....just a copy and paste issue haha
More skeletons than the local cemetery

EN1 Price at posting: 3.8¢ Sentiment: Sell Disclosure: Not Held
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