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Alterra Power MGMXD

Alterra Power Corp is a renewable energy company. It is primarily focused on development, construction, and operation of renewable power projects. The company's business has four major segments - Construction and Development, Geothermal, Hydro, Wind, and Solar.


OTCPK:MGMXD - Post by User

Bullboard Posts
Comment by neugruftion Apr 10, 2013 12:41am
243 Views
Post# 21234810

RE: Took a closer look

RE: Took a closer look

It's the net distribution with interest already accounted for, principal is accounted for in the finance and lease payments of expenses in the consolidated report.

Without spending too much time on it, if you read their audited consolidated financial report, it even breaks it down and makes it clear (well as clear as IFRS reporting can be) that the share of Alterra's interests thats recorded as a single line item is the revenue after interest on debt.

They are hardly 'short $24.4 million a year'.

Neu Grufti

https://neugrufti.blogspot.com

Bullboard Posts