"A revaluation to the extent it is a reversal of a previous devaluation -- Anonymous

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Subject: "A revaluation to the extent it is a reversal of a previous devaluation

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recognised through the profit and loss statement.".
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Date Posted: Saturday, March 01, 11:40:16pm

Reversal of prior year profit, exchange movement and equity losses applicable to Prepayment Cards Limited 13,990 47.1% equity accounted---regardless of it's status with it possibly moving above 50% the reversal of profit in last years accounts negatively impacted the entity--this has not occured in period 30/6/2002 to 31/12/2002. AASB 1018 (three exception) "A revaluation to the extent it is a reversal of a previous devaluation is recognised through the profit and loss statement." Corporations law requires directors ensure non current assets are recorded at an amount that would have to be spent to acquire the asset at the end of the financial year. This is referred to as the notional replacement cost.

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Subject Author Date

Would think though if not this time---next report.--a view expressed (NT) PCL in a view expressed may not happen this time--although it could Saturday, March 01, 11:42:39pm

probably something substantial, which now does not reflect in the balance sheet. HUNTLEYS' VIEW POINT PUBLICATION DATE: 28/02/2002 Sunday, March 02, 03:52:39am

The reason it may not happen this time is that my understanding from reading different accountancy literature (NT) is that the carrying value is reviewed annually--so this would make PCL the next report after this. Sunday, March 02, 03:59:48am

It is just 2.9% short of being consolidated as at 30/6/2002 at 47.1% (NT) PCL. Sunday, March 02, 04:01:21am

PCL is the joint venture company set up by ERG,Stagecoach Holdings and Sema Group UK to provide a SmartCard issuing and clearing system for UK-wide transport operators. (ERG have acquired Sema's interest bringing it to 47.1%) Sunday, March 02, 05:16:37am

In Keycorps case --it reviews carrying values every six months--27/2/2003 http://stocknessmonster.com/news-item?S=KYC&E=ASX&N=288862 Monday, March 03, 06:27:46am

In ERG's case--most of the I.T sector is pretty depressed--abymal in fact--howver from the millions it has spent building infrastructure up (NT) at last report revenue from that infrastructure grew by 173% (excluding the sale of telecoms business in prior period--if you include that 25%--which is still phenonemal) Monday, March 03, 06:32:33am

which is the other good thing coming up on March 6th (sentiment wise)---revenue growth--it shouldn't be prefaced (with sale of telecoms business)--so instead of it only growing by 25% (NT) it should look better to the eye. Monday, March 03, 06:40:25am

revenues from infrastructure that are longer term in nature and are recurring grew by 173% revenues overall (the whole business) grew by 25% (NT) -- if you exclude the sale of the telecoms business--the prior period--if you include it 1%, Monday, March 03, 10:01:19am

Subject	Author	Date
Would think though if not this time---next report.--a view expressed (NT)	PCL in a view expressed may not happen this time--although it could	Saturday, March 01, 11:42:39pm

probably something substantial, which now does not reflect in the balance sheet.	HUNTLEYS' VIEW POINT PUBLICATION DATE: 28/02/2002	Sunday, March 02, 03:52:39am

The reason it may not happen this time is that my understanding from reading different accountancy literature (NT)	is that the carrying value is reviewed annually--so this would make PCL the next report after this.	Sunday, March 02, 03:59:48am

It is just 2.9% short of being consolidated as at 30/6/2002 at 47.1% (NT)	PCL.	Sunday, March 02, 04:01:21am

PCL is the joint venture company set up by ERG,Stagecoach Holdings and Sema Group UK to provide a SmartCard issuing	and clearing system for UK-wide transport operators. (ERG have acquired Sema's interest bringing it to 47.1%)	Sunday, March 02, 05:16:37am

In Keycorps case --it reviews carrying values every six months--27/2/2003	http://stocknessmonster.com/news-item?S=KYC&E=ASX&N=288862	Monday, March 03, 06:27:46am

In ERG's case--most of the I.T sector is pretty depressed--abymal in fact--howver from the millions it has spent building infrastructure up (NT)	at last report revenue from that infrastructure grew by 173% (excluding the sale of telecoms business in prior period--if you include that 25%--which is still phenonemal)	Monday, March 03, 06:32:33am

which is the other good thing coming up on March 6th (sentiment wise)---revenue growth--it shouldn't be prefaced (with sale of telecoms business)--so instead of it only growing by 25% (NT)	it should look better to the eye.	Monday, March 03, 06:40:25am
revenues from infrastructure that are longer term in nature and are recurring grew by 173% revenues overall (the whole business) grew by 25% (NT) -- if you exclude the sale of the telecoms business--the prior period--if you include it 1%, Monday, March 03, 10:01:19am