OTCPK:MGMXD - Post by User
Comment by
neugruftion Apr 10, 2013 12:41am
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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