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Ann: Quarterly Activities Report, page-52

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johntie

723 Posts.

70

02/02/18

19:02

Post #: 30782383
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Originally posted by dugsab ↑

Hi johntie,

I repeat -
In Australia, a fiscal year is commonly called a "financial year" (FY) and starts on 1 July and ends on the next 30 June. Financial years are designated by the calendar year of the second half of the period. For example, financial year 2018 is the 12-month period ending on 30 June 2018 and can be referred to as FY2017/18.

There is no ambiguity in FY 2018.

P Marshall LLB, ACA (Company Secretary) holds a Bachelor of Law degree and is a Chartered Accountant. He has more than thirty years experience including over twenty years spent in commercial roles as Company Secretary and CFO for a number of listed and unlisted companies mainly in the resources sector.

Early in Stephen Bizzell's BCom, MAICD (Executive Chairman) career, he was employed in the corporate finance division of Ernst & Young and the tax division of Coopers & Lybrand and qualified as a Chartered Accountant.

Accounting 101 - FY 2018 = 12 month period ending on 30 June 2018.

I trust this now clears up your misunderstanding.

Cheers,

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Such an astute resume, with all that experience we are still in the same position years on...the fact is if they were confident in timelines something with a bit more precision would have been stated!

LNY Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
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