Just to confirm the comments by both Q and TC, I am testing my memory here a bit but in essence this comment is all about accounting standards and the principles of consolidation under the applicable accounting standards. Notably the control/influence exerted from a party.
No doubt TEG directors (and Darren Brombley is an accountant) clarified this issue with their accountants and auditors.
Q and TC are right in that it changes absolutely nothing in regard to the economic interest/ownership TEG has in these assets it is purely complying with accounting standards to report it in this manner.
I hope that explanation helps.
Cheers, Mav
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Open | High | Low | Value | Volume |
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1 | 555388 | 0.018 |
3 | 316529 | 0.017 |
6 | 1555501 | 0.016 |
8 | 1101998 | 0.015 |
Price($) | Vol. | No. |
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0.015 | 666006 | 2 |
0.016 | 1058823 | 2 |
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