Not at all.
It is just that in the past all investment in intangibles (i.e., R&D) has been fully expensed (which is a very conservative form of accounting... most companies would capitalise some, if not all, of their R&D spend). This time TNE have capitalised $14m of expenses to the creation of intangible asset on the balance sheet.
I guess what I probably should have said, instead of "naughty" is "less good".
But all I wanted to flag is that there has been a change in the accounting treatment which has had a meaningful impact on the P&L in the most recent have and which means the growth, as reported, was not as impressive as it appears.
I hope I didn't misrepresent the situation.
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Not at all. It is just that in the past all investment in...
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Last
$19.00 |
Change
0.340(1.82%) |
Mkt cap ! $6.195B | |||
| Open | High | Low | Value | Volume |
| $18.52 | $19.00 | $18.50 | $10.54M | 557.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 340 | $18.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $19.00 | 8145 | 3 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| TNE (ASX) Chart |