GREY:NEVDQ - Post by User
Post by
rockhound3on Nov 12, 2021 1:31pm
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Post# 34120567
HELP - ASSISTANCE NEEDED!
HELP - ASSISTANCE NEEDED!Yesterday I stated that one has to take things slowly with respect to THE FINANCIAL STATEMENTS!
Yesterday I commented on the strength of the Balance Sheet!
Today I am looking at what I would call the "Income statement ". Thus the first item noted is the name
CONDENSED CONSOLIDATED INTERIM STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME(LOSS)
Now when I printed this document page #1 is the Balance Sheet and page #2 starts with the heading noted above with NO INCOME Only EXPENSES ?and thus my first question =WHAT HAPPENED TO THE INCOME?
The 2nd question is how do we get INCOME of $28.102 million?
The biggest item is something called
"DERIVATIVE FAIR VALUE GAIN" of $ 27.258 million with reference to note 9 .
Now when we look at the line"Derivative fair value gain (loss)= one sees the #'s
-27258, ( 5568), 26,598, (4763)
When we go to note 9 the only #'s are $5459 , 405, and 5054
Now it might be my advancing age or that when I learned basic accounting it dealt primarily with hard facts ie cash etc = thus I am suspicious & confused with the NET INCOME & COMPREHENSIVE INCOME OF $ 28.102million!?
Hopefully a poster can easily explain what has happened?!?
Or possibly the 3 amigos in ZUG can give the same explanation to us as they gave to Vlad!
Rock
ps do they have generally accepted accounting provisions in Russia?