valueinvestor L&G's trade and other receivables ballooned to RM398 mil as of 31.12.15. Does this mean that the company has yet to receive and recognize a lot progress billings from its Foresta project which was completed recently? Can any accounting sifus or accountants help to analyze and enlighten members in i3? Thank you.
(hoping to gauge its profit for the 4th quarter ending 31/3/16...)
Construction and developers can only recognize when VP has been delivered or reach certain milestone in their works. Damansara Foresta completion was in Dec 2015, hence most of if not all DF receivables would be recognize in Q1 2016. I also understand L&G is selling Astoria Ampang.
Stock: [L&G]: LAND & GENERAL BHD
2016-03-15 11:50 | Report Abuse
valueinvestor L&G's trade and other receivables ballooned to RM398 mil as of 31.12.15. Does this mean that the company has yet to receive and recognize a lot progress billings from its Foresta project which was completed recently? Can any accounting sifus or accountants help to analyze and enlighten members in i3? Thank you.
(hoping to gauge its profit for the 4th quarter ending 31/3/16...)
Construction and developers can only recognize when VP has been delivered or reach certain milestone in their works. Damansara Foresta completion was in Dec 2015, hence most of if not all DF receivables would be recognize in Q1 2016. I also understand L&G is selling Astoria Ampang.