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Ann: Preliminary Final Report, page-34

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  1. 91 Posts.
    lightbulb Created with Sketch. 17
    Can someone help explain this to me?

    From the "Outlook" it appears $5m profit is to be realised.

    But if you look at assets & liabilities ($10m contract liability & $5m contract asset), wouldn't that leave a liability of $5m still?
    Shouldn't the asset be worth more than the liability to have a net profit result?

    https://hotcopper.com.au/data/attachments/3528/3528552-3a92576f3e4e1821a2e77a4d3e444cef.jpg
    https://hotcopper.com.au/data/attachments/3528/3528553-1f30c228d8015e98164441e3f0cb3566.jpg

 
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