ISD isentia group limited
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The adoption of AASB16 distorts the balance sheet a little - as...

  1. Prestonian
    3,928 Posts.
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    24/02/20
    12:21
    Post #: 43110563
    The adoption of AASB16 distorts the balance sheet a little - as no adjustment was made to the comparatives. Effectively an increase in NC assets of approx $10m, and a corresponding increase in current liabs of $4m and NC liabs of $6m. Shame the comparatives were not adjusted as to be honest the balance sheet looks worse now, even though this is effectively just a journal entry.
    ISD Price at posting: 25.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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