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18.5¢ blue sky alternative investments limited

Ann: Blue Sky H1 FY19 Results Update, page-101

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jackAJA

9 Posts.

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26/03/19

22:30

Post #: 37893421
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Originally posted by pikel1980: ↑

Ok, so anybody who still holds, this is one of the reasons I have serious issues with the accounting of Blue Sky:

As you can see they are not carrying the loan on the balance sheet at 50mil, they are carrying it at 43million. I cannot believe that the auditors are signing off on this FFS. Now im not an accountant, but in my mind, that loan should be recorded at 50mil on the balance sheet. This is just one item, but its indicative of the type of accounting methodology that they use. How can anybody have any faith in the NTA if they are understating the loans????

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There needs to be an accounting standard whereby the entire 97million is counted as an existing liability. Reported as "Reasonably Conservative Results Balance Sheet"

BLA Price at posting: 47.5¢ Sentiment: Buy Disclosure: Held
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