Thanks for your reply, and I understand what you wrote.
Just doing simple maths.
Non-Current Liabilities/ Financial Liabilities is $5,947,606.00
Would I be right in assuming this amount includes the boss's loan. in which case the loan is from an external lender (bank) What portion of the interest paid is to the external lender and what portion is paid PPN,
I see Interest revenue from: $217,054.00 - directors and director-related entities is $045,032.00 - associated companies $018,444.00 - other non-related parties
$280,530.00 - Total
Expenses/ Finance costs (external): $549,210.00 - Interest and charges on commercial bills.
Now I know the boss had an additional loan, which he paid so leaving that out, The boss owns more than half of the Financial Liabilities ($3,128,426.00), so how is it that the boss paid less than half of the Finance costs.
The way I see it the share holders get no benefit from providing this facility at all.
PPN Price at posting:
35.0¢ Sentiment: None Disclosure: Not Held