Felix Salmon

Regulatory deadpan of the day

By Felix Salmon
September 1, 2009

Via Otto, a letter from the head of market supervision at the New Zealand stock exchange, to the company secretary of NZ Farming Systems Uruguay Limited, a company listed there:

Note 3 to the Financial Statements, regarding depreciation, included the comment “fudge this to equal depn in FA note 11 $2391 – via no ca” (“the comment”). The comment has caused NZX, and the market, concern that the Financial Statements may not be accurate.


One comment so far | RSS Comments RSS

perhaps this company creates fudge (the edible kind)???


Posted by frankl | Report as abusive

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