Re Notice regarding release of Full Year accounts. "Carrying...

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Proust

42 Posts.

02/10/17

13:35

Post #: 27595638
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Originally posted by iansmith2 ↑

Possibly the auditors are refusing to accept the way the money owed by Apollo has been counted in the EVM books.

Up till now the money owing from Apollo has been booked as deferred income and is the only major asset of the company. There is a corresponding opposite current liability. As much of this money has been owing since about 2013 EVM seem to be bending accounting rules by keeping it as a current liability. Current liabilities normally mean money that will be paid within 12 months.

If EVM has to reverse out this transaction, and remove the deferred income, the EVM books will show almost no current assets. Basically the company would then be just an empty shell.

We will see soon enough.

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Re Notice regarding release of Full Year accounts.
"Carrying value is the original cost of an asset, less the accumulated amount of any depreciation or amortization, less the accumulated amount of any asset impairments." W'pedia

EVM Price at posting: 10.0¢ Sentiment: Sell Disclosure: Held
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Re Notice regarding release of Full Year accounts. "Carrying...

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