This $2.587m is equal to USD $2m or RMB $11.5m.really excited to...

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knwee2

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29/02/20

17:13

Post #: 43235102
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Originally posted by EDinvestor: ↑

I've just noticed something interesting in the HY report.. can anyone assist with what this could mean..??

Page 13

Other receivables* 2,587,000

*The consideration paid on 9 May 2019 as part of a commercial transaction which is yet to finalise. The terms of the
transaction are commercially sensitive, the details will be released to the market on completion of the transaction. The
directors believe that the amounts are recoverable upon the completion of the transaction.

Page 21

Basis for qualified conclusion
As disclosed in Note 5 to the financial report, the Directors state that the other receivables of
$2,587,000 will be recoverable as part of a commercial transaction which is yet to finalise. We were
unable to perform sufficient appropriate review procedures to confirm the recoverability of this
amount. Therefore, we were unable to obtain sufficient appropriate audit evidence about the carrying
value of the other receivable as at 31 December 2019. Consequently, we were unable to determine
whether any adjustments to the carrying value of the other receivables in the consolidated statement
of financial position is necessary for the period ended 31 December 2019.

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This $2.587m is equal to USD $2m or RMB $11.5m.

really excited to see where we going from here.

NET Price at posting: 5.3¢ Sentiment: Buy Disclosure: Held
4 Upvote

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