RIC 1.08% $2.80 ridley corporation limited

Huon, page-24

  1. 425 Posts.
    lightbulb Created with Sketch. 6
    We call that "riding the trade" ie, non-interest bearing debt arising from a trade transaction until paid. The issue remains though that if/when it is paid, it will have its' impact on cash flow (and reporting of same) as well as the P&L.
    I found it funny that somebody else noted that Huon is carrying it in their B/S as a current loan liability rather than an account payable. Almost an admission that it is a laibility rather than a contingent liability subject to legal resolution. Cheers
    Oh, I agree with you and others that it will be paid before it hits the courts in full swing.
 
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