RE:RE:RE:Audited annual fins on sedar wrong.
adapthealth:
The Company accounts for its leases in accordance with FASB Accounting Standards Codification Topic 842, Leases (ASC 842). ASC 842 requires the Company to recognize a lease liability, which represents the discounted obligation to make future minimum lease payments, and a corresponding right-of-use ("ROU") asset on its consolidated balance sheet for most leases, and disclose key information about leasing arrangements. ASC 842 applies to a number of arrangements to which the Company is a party.
Carlito3311 wrote: All of Qipts peers use US Gaap which means rent expense is deducted for purposes of calculating ebitda and cash flow from operations. In Qipts case, using ifrs, there is no rent expense. The pv of all leases is capitalized on balance sheet as right of use asset and then depreciated. The actual lease payments are not in cfo but are lease payments under cash flow from financing section. Both ebitda and cfo need to be adjusted to compare them with peers. Rent expense is a big item on 126 locations so cannot be ignored. Also another reason ebitda is useless for Qipt.