With the rapidly escalating costs of Prominent Hill and the depletion of the supergene gold ore (not to mention the bloated overheads of Ozl's head office), is Ozl going to be reliant on equity accounting SFR's profits in the future to maintain the appearance of 'profits'?
EQUITY ACCOUNTING is the practice of showing in a companys accounts the share of undistributed profits of another company in which it holds equity ownership (usually below 50%). The share of profit shown is usually equal to its share of the equity in the other company. The profit may not actually be paid over, but the equity holding company has a right to this share of the undistributed profit
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