Provision for credit losses SPX (357,831) Also provisions for credit losses Limepay ($210,000)
The $357k potential loss of full payment from Grapple
As at 31 December 2024, a total of $792,416 (30 June 2024: 1,042,092) was past due and partially impaired. This amount past due relates to an invoice finance client for whom there is no recent history of default, however, represents an increased credit risk to the Group. A payment plan has been entered into with the client and regular repayments have been made throughout the financial year to date.
The limepay is what it is, they obviously did lend funds out at some stage and have potential losses from that I guess
Goodwill Goodwill on acquisition of ASG (SaaS & payments CGU) 59,262,011 58,354,821 Less: accumulated impairment charge (41,533,263) (41,533,263) Total 17,728,748
The goodwill on the CRO purchase of Appstablishment has gone from $60m to $17m wow!
SPX Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held
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