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  1. CPDLC
    1,035 Posts.
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    05/11/14
    09:50
    Post #: 14237040
    Chuk,

    Yes I know!  But the reason given by the Chairman is that it is because of the short-term nature of their operations. So it is perfectly understandable that they should NOT be capitalised. That was my point. You only capitalise expenditures that provide benefits extending into the future.
    CPDLC
    MML Price at posting: 53.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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