SSN samson oil & gas limited

Audit fees

  1. 399 Posts.
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    I made reference in an earlier post to income overtaking expenses .... so with the comfort of a quiet Friday evening with a SA red, I thought I'd have a look at another SA producer, Beach Petroleum, and try and make sense of SSN's IMO inordinate audit/accounting expense. Now I know we have to have dual listing compliance, but this does my head in.

    So to compare incomparables:
    Beach Petroleum BPT reports incomes of $700M in 2013

    from a myriad of countries, compliance, FOREX, and complicated tax implications:


    Yet BPT audit fees for 2013 with PriceWaterhouseCoopers PWC was:


    So how about another dual listed company: Maverick MAD. Their audit fees for 2013:


    Back to the thread: SSN.  Their audit fees from the same PWC as Beach:


    On top of that, DR is a company secretary/accountant employee who in 2013 received compensation of $154,709 (2012 $220,830) for what I understand is a shared 50% role.

    Nuh. I don't get it. Perhaps someone can enlighten me.

    (but thanks to HC for such an easy site now to support factual posts!)
 
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