Friday, 28th August 2009
New Zealand has given us what may be the most unwittingly transparent set of accounts ever:
http://www.nzx.com/markets/NZSX/NZS/announcements/2806777/NZ-Farming-Systems-Uruguay-Ltd-Annual-Financial-StatementThe good bit is in the notes, which say:
fudge this to equal depn in FA note 11 $2391 - via no ca
Not surprisingly, this lead to a letter from the exchange asking for an explanation. The company secretary's reply is very good in the circumstances, but there was nothing he could have said that could have prevented this from being anything other than funny and embarrassing.
Personally, I find it quite encouraging. At least it shows that someone bothered to read the notes — not somthing past experience has always lead me to expect.