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Can someone help explain this to me?From the "Outlook" it...

  1. WS1080
    91 Posts.
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    31/08/21
    12:40
    Post #: 55711131
    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

    EM1 Price at posting: 2.9¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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