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| Subject: will not negatively impact the next financials/recurring | |
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Author: That would mean,that the expensing ie 30/6/2001 to 30/6/2002 |
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Date Posted: 08:09:58 01/14/03 Tue That would mean, that the expensing that has gone on for different contracts in FY02 in relation to particular contracts---will not negatively impact the next financials as they have already been expensed. Down below is the first half of financial year 2---ie 30/6/2001 to 30/6/2002 reported 12/9 audted 1/10 By expensing you make things recurring. --------------------------------------------------------------------- Expensing. Date Of Media Release 26/11/2001 --------------------------------------------------------------------- EBITDA for the year at $36.5 million shows a fall on the prior year. The impact of removing the telecoms business, whilst still maintaining the existing corporate structure, has impacted this line. We continue to undertake significant effort in bidding for new city projects. All such bid costs are expensed, until such time that a project is won by ERG. --------------------------------------------------------------------- My words. By expensing the bidding, later on if it is a venture with one of their partners, the entity can claim this as recurring. [ Next Thread | Previous Thread | Next Message | Previous Message ] |