Any accountant /procurement holders have any chance of interpretation of the CEZ-provided financial records for the 2023 vs 2022 to see if there is a thread of a story here? I am just trying to comprehend what is going on in the report but if anyone who is more adept at this can have a look that would be greatly appreciated.
It appears that at least on the balance sheet Geomet in 2023 is valued at around AUD$370M according to CEZ paperwork (and they have spent CZK12M this year?) :
With the following breakdown (however I am somewhat not really across how they arrived at the CZK529M):
What is interesting is that according to 2022 results it appears that CEZ is converting allocated cash into some sort of expense under Geomet as the cash balance is getting thinner, and another notable difference between the 2022 and 2023 is that the 'non-current liabilities' has increased from 0 (2022) to 247M (2023), so not sure what that is about. It does seem though that CEZ are actively expending money on Geomet YoY:
With the associated breakdowns for the 2022:
This is a bit tea-leafy to be taken from me, so as per above if someone can chime in and look at these that would be great.
original document found here:
https://www.bankier.pl/static/att/emitent/2024-03/2023-KUZ-SKC-en-final-web_202403210523135300.pdf
Any accountant /procurement holders have any chance of...
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