RE:RE:RE:RE:RE:RE:Need some help with revenue calculationsI don't think it's the CFO's job to educate shareholders on the financial statements. The answers are all in the MD&A and F/St, but who wants to read 80 pages of stuff.
Kramaswamy - have a look at some of my recent posts. I outline what commercial production means, and how pre-production revenues are treated (i.e. netted against capital additions). Capital expenditures, including continuin commissioning costs (net of pre-production Caribou revenues), get added to the balance sheet as long term assets (under property, plant and equipment). On the cash flow statement, those capital expenditures made during the period fall under investing activities. Financing activities solely relate to share issuances, warrant exercises, interest on debt, and loan repayments.
By the way, revenue and production costs that relate to concentrate that's SOLD goes on the income statement. Production costs for concentrate PRODUCED during the period, and not yet sold, goes to inventory.