Hi Mikey1976, read into the AASB16 standards. Leases are now accounted for on the balance sheet and so "liabilities" reflect this. Imagine if you signed a residential lease for a year, you don't put down a $20k or so liability on your net worth, well at least I don't. The first quarter was pre AASB16 and so by adjusting the first quarter you can do a true comparison. I am disappointed that the detail is lacking in the presentation.
VRS Price at posting:
5.4¢ Sentiment: None Disclosure: Held
