I mentioned in a previous post that I didn't think the new plant is signed off for export yet and they are only doing domestic market yet this statement below that is cut and pasted from their report clearly shows the machinery hasn't even been commissioned yet!! what is going on, some answers from the Management and BOD would be great to see but I wouldn't hold my breath that they will ever tell us the truth "Assets under construction represent specific production lines and assets in the second manufacturing facility, being the canning line, blender and zip lock machine, where commercial production was not undertaken in the FY20 year as the lines were continuing to be commissioned. The equipment will be commissioned post year-end and will be re-recorded to plant and equipment and depreciated appropriately once commissioning is complete"
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- Ann: Keytone Dairy Full Year Financial Results
Ann: Keytone Dairy Full Year Financial Results, page-5
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