The licensee should report qtly to its Board of its estimate of net cash balances expected over the next 12 months.
The judgments are for mgt and Board re revenue and expenses over future periods - incl potential gains and losses of FUM ( revenues ) and overheads ( investment mgt costs )
It would not include some items on a parent balance sheet eg parent borrowings unless they were onlent to the licensee. Also, not all group expenses would sit with the licensee eg development costs for future new product costs.
DYOR
CGA Price at posting:
$1.03 Sentiment: Sell Disclosure: Not Held
