Not actually true. Check the year to date numbers in the July 4C, and then match them to the YTD numbers in the cash flow of the audited financial report. The numbers do not match up. If you then look at the September quarter 4C, the numbers follow from the previous 4c cash flows, but do not match the audited statements in the half yearly.
The ASX does not have its own standards, but requires reporting under Australian Accounting Standards, and all listed entities are required to comply with Australian Corporations Law and AASB standards. Sunbridge is an Australian entity, disclosing in Australia. If it does not prepare accounts in accordance with those standards it is breaking the law.
If you examine the bottom of the 4C statement, just above the signature of Wayne Reid, it declares that the statement is prepared in accordance with accounting standards as defined by the corporations act.
SBB Price at posting:
6.2¢ Sentiment: None Disclosure: Not Held
