G1A 0.00% 5.9¢ galena mining limited

Ann: Half Yearly Report and Accounts, page-45

  1. 33,567 Posts.
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    An increase of $30 M in lease liabilities in 6 months does seem bigger than the cost I have on my Datsun 120Y .
    I doubt G1A leases any mining fleet or freight haulage trucks as they use contractors for mining unless on the off chance the miners are dry hiring from G1A ?
    Would think the power plant is on lease think it is around 10MW , think we own the solar plant
    They may also be leasing a port warehouse which probably is not a cheap building .
    Management may also be needing lease accommodation in Perth and a lear jet lease when they comes back from overseas
    15 years ago before they changed the accounting regulations these leased items would not have been considered liabilities

    But yes agree we do need a Pauline "please explain" on what exactly is leased and the terms

    What else did you think about the accounts ?
 
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