You’re absolutely right on the $20m assumption.
As for each sides contribution, every unit of time and effort, tangible or intangible, directly or indirectly attributable to the JV, can have an allocated value that will be audited by both sides.
It’s not just about cash contributions.
Getting “creative” is a very poor choice of words, as the whole JV arrangement conceptually is not actually that convoluted, it’s just a very complex process from a practical accounting perspective. More challenging for them I believe will navigating AASB 15 framework changes around recognition.
You’re absolutely right on the $20m assumption. As for each...
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