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DGA Core Plus Absolute Return ETF T.HF


Primary Symbol: HF



ARCA:HF - Post by User

Post by bennysauron Sep 25, 2012 11:31am
332 Views
Post# 20411352

Relax

Relax

Not sure if you actually wanted an answer, or already know the answer and are just pointing out your annoyance with management (which I would agree is perfectly valid).

The non-IFRS net income per share does include other income. The only adjustment that was made to net income was a reversal of the impairment of PP&E (net of tax). You can tell this by taking the IFRS net income, adding back roughly 80% of the impairment (20% would have been recognized as a deferred tax recovery) and dividing this total by the weighted average units outstanding.

Other income as stated in the MD&A, is comprised of raw material that was sold by the company, which is not the normal course of business of Hanfeng.

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