cs9 Sep 2017 15:41
>>They will tell you looking at the 2016 annual report that the company is a loos making one
>>Is it? Lets examine it in detail with a microscope...The 2016 Figures
>>Annual Revenues were £14,963,000
page # 22
>>Total Cost of Sales were £15,235,000
page # 22
>>The gross Loss then was -£272,000
>> Now here in is hidden the Mystery....
>>Or Should I say a web of Mysteries....
Now look deeper into the notes of section # 6 Starting on Page # 40
>> The first thing that looks out of place is....
ONEROUS LEASES PROVISION >>> MYR 57,900,000 >>> £10,315,339
Page # 43
>>The next things that looks out of Place is
Allowance for doubtful debts >>> MYR 30,050,000 >>> £5,353,643
Page # 40
Allowance for slowing stock >>> MYR 482,000 >>> £85,872
Page # 40
Impairment of goodwill >>> MYR 3,750,000 >>> £668,092
Page # 40
All These FOUR Entries are the places to hide profits
If you total them all we get >>> MYR 92,182,000 >>> £16,422,947
How is it that the provisions were higher than their operating Revenues of >>> MYR 83,987,000 >>> £14,963,000
Because they have had other revenues that are hidden here
Finance income >>> MYR 1,748,000 >>> £311,420
Gain on disposal of joint venture >>> MYR 17,002,000 >>> £3,029,040
That is an additional Income of >>> MYR 18,750,000 >>> £3,340,460
So CSFG IS NOT a Loss making Company without any Doubt
All of these pages refer to the 2016 Annual Report..
http://csf-group.com/_files/pdf/financial/4.%20Annual%20Report%202016.pdf
The exchange Rate taken as per this annual Report at 5.613 MYR per each GB£
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