FMG 5.53% $20.14 fortescue ltd

Note 9 Basically means that fmg have received payments in...

  1. LDR
    13 Posts.
    Note 9 Basically means that fmg have received payments in advance of providing goods or services. Therefore it will increase the amount of cash the company receives but since they still need to provide whatever it is the money is for, at some future point, it is recorded as a liability.
 
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