I'm pretty sure that earnings from pre paid investments are paid to the company as revenue each year. Therefor the value of each pre paid funeral doesn't increase over time. So its debatable if pre paids are an asset or a liability. They secure future business and therefor market share but the services will ultimately be delivered at a discounted price.
Ann: 2017 Full-year results Media Release, page-10
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
