KCN 4.43% $1.65 kingsgate consolidated limited.

General discussion, page-2071

  1. 11,117 Posts.
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    Deniel

    Thanks for the comments.

    I have had a bit of a look at the 2022 annual report which indicates that while the money KCN recieved from the country risk insurance providers was not included as a liability in the Consolidated Statement of Financial Position (balance sheet) as at 30/6/22, footnote 25 at page 60 does note that it is a contingent liability and that it accrues interest. The footnote also states that the insurers would recieve some (unspecified) recovery of their payment to KCN in the event of the recovery of funds from a TAFTA tribunal decision, or from a negotiated settlement (which is what KCN is nw pursuing) under a sharing agreement.

    loki
 
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