(02-06-2011, 09:22 PM)Pelhamh Wrote: Nick - where did you get the $6.86 million profit for CWT from in this deal with Cache?
"Based on the aggregate net assets of the Group Companies of S$6.65 million and the relevant costs of the sale, the Company will realise a total gain of approximately S$6.86 million, of which S$5.15 million will be accounted for as a one-time gain and the balance of S$1.71 million will be accounted for as deferred gain, to match off against the leaseback commitment, in accordance with Financial Reporting Standard FRS 17."
For more info, read the SGX Announcement below:
http://info.sgx.com/webcoranncatth.nsf/V...penelement [SGX Announcement]
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