ATI 0.00% 17.5¢ atlantic limited

Ann: AVHPL Accounts , page-5

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  1. djp
    64 Posts.
    Just quickly skimmed over the financial statements - something unusual.
    They are for Atlantic Vanadium Holdings Pty Ltd the subsidiary and its sub-group, rather than Atlantic Limited which is the company I own a tiny part of.

    Why? Shouldn't public financials be that of the listed entity? What is in the parent company's accounts they don't want disclosed?

    Strangely too, I think, is that they have shown certain figures for the 3 mths to 31 Dec as well as for the half year ended 31 Dec. This throws up some weird comparisons - eg. foreign exchange gain Dec Qtr = $14,681k, for HY Dec = loss of $9,470, meaning there was a forex loss of $24m in the Sep Qtr!!

    Might attempt further analysis and review over the weekend.

    Yep - going concern is an issue, but as nearly always, the directors are confident of survival.

    btw, I am an accountant but not one who deals with ASX/public companies - so can one who is, please fill me in as to why the accounts of a sub-group satisfy listing requirements?
 
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