TST and BellvilleI raised this question on the TST BB but got no reply. This is basically an accounting question.
I wrote:
Can anyone tell me what the debt situation is currently in TST? Is there any long or short term borrowing or bonds issued? Is the Bellville plant fully paid for and free and clear or is there a huge mortgage on the property?
I then decided to check the financials myself and then wrote:
I tried to answer my own question by checking the financial statements on the TST website. the latest balance sheet was for March 31, 2016. I found no large debt of any kind that would have been used to finance the Bellville plant. But, I am now still confused as I did not find any entry in the Asset column for Non current Property, plant and equipment on the order of $30M to $50M. All I found was $2.1M under this heading. So how do they carry the Bellville plant on the TST books?
What am I missing? Francois or anyone with accounting know how?
I too remember seeing PLItheOne's post about TST and thought - wow that would really be a great idea.
Glta
Stockman6767