update, page-3

At the risk of talking to myself (my fault given this is "hotcopper" and our company makes shoes).

Has anyone else thought of how the introduction of AASB 13 is going to affect MHI. AASB 13 should compel the company to provide "fair value" estimates for its assets whereas it has always only provided book value (the value paid for the assets.

"The new standard defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price).The proposed disclosures increase transparency about fair value measurements, including the valuation techniques and inputs used to measure fair value."

We saw with the sale of Hong Kong the effect that this can have on both the accounts and the share price. I assume if the accountants are following the standard they are running a valuation on the Carsan textile factory in Shunde that we purchased over 10 years ago and still sits on the books for roughly $4mill.

Does anyone know what this factory would be worth? or is everyone waiting for the 2014 annual report.

Question if they get this information and it is a very large revaluation would the company have to halt trading and announce the finding? or is it ok for them to wait to release the audited annual report?