when people looking at funds like EPF, Khazanah, Icap..............the Profit and Loss Account don't tell the whole story,,,under impairment accounting, they will impair what they want to impair otherwise unrealised profits/losses are taken directly to reserves...........
aiyyoo i thot khazanah was full of bright stars working there lorr? in fact some of the brightest of the brightest lorr... how come mass losses lorr? we all neen explanation lorr!
Why blame Pakatan for Khazanah losses? Poor decisions, investment in Malaysian Airlines reason why.
Khazanah reported RM6 billion loss was caused by impairments that increased to more than RM7b as a result of a review of the assets and investments made before the new govt took over.
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Posted by qqq3 > 2019-03-08 19:35 | Report Abuse
when people looking at funds like EPF, Khazanah, Icap..............the Profit and Loss Account don't tell the whole story,,,under impairment accounting, they will impair what they want to impair otherwise unrealised profits/losses are taken directly to reserves...........