I was trying to fill up the financial analysis and have the following doubts:
- The values of Comfort Delgro Financial Statement 2016 (full year) compared to those values of 2016 reflected in financial statement 2017(full year) is different. Is this common? eg: on the 2017 financial statement the total asset of 2016 is $5,049.4mil, but on the 2016 financial statement is reflected as $5,122mil. May I know what cause the discrepancy and which value should i based on?
- Is taxi license considered as intangible assets for comfort delgro?
- Is investment considered as extra-ordinary items for comfort delgro? If not, what are the items should I be looking at for the extra-ordinary items?
- Do I need to include taxi licenses as capital expenditures?
Hi Pei Chua,
1.Sorry of the late reply, I totally missed out your questions. Thanks JR for helpingWhat you mentioned on point one is very common. It is called restatement. Sometime, the auditor of the company changes the classification of things so when the new year came they will restated it. It is negligible if the amount is small. In the case where the amount is huge, then you have to take a look into it.
2.Taxi license is a capex because the company required it to operate.
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