ORE orezone gold corporation

If there is some doubt in your mind about the correct accounting...

  1. 736 Posts.
    lightbulb Created with Sketch.  187
    If there is some doubt in your mind about the correct accounting treatment for JV profit/(loss) I suggest you refer to Note 10 in ORE's FY2018 H1 Financial Statements. This shows quite clearly that it is the JV's after tax profit/(loss) (and after non-controlling interests) that is used to calculate the equity accounted profit/(loss) for inclusion in ORE's Profit/(Loss) account. Normal equity accounting treatment.
    Hence changes in the Argentinian Tax Rate ("ATR") do have a measureable effect on ORE's PAT. The ATR is now 30% and will be reduced to 25% from 1/1/2020 so an additional benefit will accrue to ORE from there on in.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.