Re: Financial Statement ClarificationThe key phrase is Market Capitalization.
If in 1998 you would have taken all the Shares available to be sold in the Public Market and sold them all on 1 day, (for purposes of example) the Net amount of money for those Shares would have been; X amount of Dollars (Market Capitalization). The Average value of the Shares that were outstanding over the 1999 Fiscal Accounting Year generated 46.7 Million Dollars less than they did in Fiscal 1998. This loss for Accounting Purposes was Attributable to the Common Shareholders and reflected in the 1999 Financial Statements.
As for the Tax Credits available to Repap Enterprises, the Balance of Credits available equal about 38.4 Million Dollars; available in full over the next 10 years. Of which approx. 18 million can be used in Fiscal 2000 and approx. 8 million " in 2003 and 2004. When the 10 years is up, the Full 38.4 million will have been applied to any taxes owing in the due course of business.
Hope this helps.