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Thanks for the detailed response gs. I'll need to read up on...

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HonyakuKonyaku

662 Posts.

332

01/01/21

17:07

Post #: 49896483
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Originally posted by gs1368: ↑

Cash flow statements can not give you profit and loss. You need to add proportion of depreciation in loss of $735K. You will have to add one off government COVID assistance $446K. Therefore last quarter loss before depreciation is more than $1.1 million. Depreciation expense as per report were only $45,463 I regard it as reported on the lower side. Depreciation in real terms would be many times more than reported. At some point of time in future, management will have to do adjustments and catch up with lower reported depreciation, hence increased net loss. If management could not get it right in 2 years, I doubt they can get it right in future. Everything was on their side, yet they could not deliver. This reminds me of Virgin Australia.

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Thanks for the detailed response gs. I'll need to read up on depreciation now.

KTD Price at posting: 25.0¢ Sentiment: None Disclosure: Not Held
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