Income is irrelevant when it comes to the IER.
The report is prepared as at 30/9/18. I discussed this further in the post I have made on a new thread.
Realm's assets are effectively cash in the bank and Foxleigh.
They are the things that matter.
It's just the same as me coming to value what assets you have at the moment. Your current income does not make one cent of difference to the worth of the assets you own.
Someone put up a post saying all data was as at June 30, this is incorrect.
The IER contains a copy of the Balance Sheet of Realm as at 30/6, as these are only required to be prepared in Half-Yearly and Annual Reports.
Only the Cash asset on a Balance Sheet has an impact on the value of an IER.
Income is irrelevant when it comes to the IER. The report is...
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