Pardner is correct. The Right of Use Asset is a recent accounting fiction. Not EOS' fault, it's the accounting rules. In the old days you rented your office premises and the monthly rent was an expense. Now when you enter into such a lease you create an Asset for the right to use the premises and you record an equivalent liability for the present value of the rent payments. Each monthly rent payment is then dissected into a principal repayment off the lease liability and an interest component. The Right of Use Asset is amortised in conjunction down to $Nil by the end of the lease.
Pardner is correct. The Right of Use Asset is a recent...
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Last
$1.31 |
Change
-0.030(2.24%) |
Mkt cap ! $252.7M | |||
| Open | High | Low | Value | Volume |
| $1.35 | $1.41 | $1.31 | $895.1K | 655.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3590 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 2876 | 1 |
View Market Depth
| Last trade - 16.10pm 13/06/2024 (20 minute delay) ? |
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Last
$1.32 |
Change
-0.030 ( 0.52 %) |
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| Open | High | Low | Volume | ||
| $1.36 | $1.41 | $1.32 | 56440 | ||
| Last updated 15.56pm 13/06/2024 ? | |||||
| EOS (ASX) Chart |