ASX co's abide by accrual accounting principles and generally you take the cost to the P&L when the revenue is recognised.
The concentrate would have been sitting In the balance sheet as inventory until the sale occurs and then recognised as cogs along with the sales.
Basic accrual accounting!
thats my understanding but happy to be corrected.
- Forums
- ASX - By Stock
- WMC
- Ann: Quarterly Activities Report - June 2023
Ann: Quarterly Activities Report - June 2023, page-17
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)