Response from HIP Regarding QTR Report + FacilitiesNot too sure who asked about this however there was a question posted regarding the cost of upgrading and expanding the facilities. I asked IR and received this back..
FROM HIP (Dennis Fong):
There are some costs associated with labour and in the wages line, but most of the facilities investment is capital expenditures. That's not in the income statement, its in the cash flow statement under purchase and deposits on property, plant and equipment under investment activities.
Best,
Dennis
There are some costs associated with labour and in the wages line, but most of the facilities investment is capital expenditures. That's not in the income statement, its in the cash flow statement under purchase and deposits on property, plant and equipment under investment activities.
Best,
Dennis