GREY:CNTTQ - Post by User
Comment by
Buckshot26on Mar 29, 2018 12:26pm
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Post# 27803293
RE:RE:RE:Could anyone explain the financials?
RE:RE:RE:Could anyone explain the financials?Not really weird, misleading perhaps but it is how IFRS dictates they handle it. For that reason I don't even look at the bottom line of these companies. I focus on revenues and capacity growth. It's one thing to say we're funded for x million sq feet, but if you can't sell the product who cares.
There is a decent article on the accounting of Canadian LP's here which goes more in depth on "biological assets" and how they are handled.
Bilogical asset accounting Dcowboy31 wrote:
Figured it out. They include plants being grown in gross profit...which is weird "As they continue to grow through the pre-harvest stages, a corresponding non-cash unrealized gain is recognized in gross profit, reflecting the changes in fair value of the biological assets. "