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clock Created with Sketch. 23/08/19
10:37
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I suspect a lot of the apparent difference is due to accounting differences - this year the JV accounts are consolidated into ORE accounts, last year the JV was equity:https://www.asx.com.au/asxpdf/20190222/pdf/442vtncv0yx684.pdf
From 1 January 2019, Orocobre will consolidate the accounts of SDJ PTE and stop equity accounting. A preliminary purchase price allocation (PPA) exercise arising from the consolidation of SDJ PTE will be undertaken prior to 30 June 2019 and included in the full-year financial report. Whilst not complete, the PPA will result in a significant uplift in the carrying value of certain assets and liabilities, the recognition of goodwill and a corresponding one-off gain to the income statement.
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Last edited by
dyeman :
23/08/19
