Hi Sabine......... the new accounting standard AASB 15 replaces AASB 111.
It is my interpretation that where NRW has multiple contracts with ONE customer to achieve ONE overall objective the new rule may require they be combined and considered as ONE contract.
It may effect the TIMING of revenue recognition and/or the TIMING of a 'taxable event'.
The new rule applies to ALL industries .................to 'fall in line' with international standards.
Just my take.
On anther note........the Weekly Heiken Ashi chart below highlights the strong up trend in the NWH share price.........a series of green candles with long upper wicks.
Cheers.
Bullish Sign? - Bounced off 200 EMA, page-2699
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Last
$3.89 |
Change
-0.010(0.26%) |
Mkt cap ! $1.574B | |||
| Open | High | Low | Value | Volume |
| $3.86 | $3.92 | $3.84 | $906.3K | 232.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 10542 | $3.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.90 | 6560 | 22 |
View Market Depth
| Last trade - 12.39pm 04/12/2024 (20 minute delay) ? |
| NWH (ASX) Chart |
