Bathurst Resources Ltd (AU:BRL) has released an update.
Bathurst Resources Ltd (BRL) clarifies in a compliance query that the ‘consolidated cash’ figure in its 2024 First Half Results Presentation includes cash from both BRL and its 65% owned subsidiary, BT Mining Limited (BTM), despite not having immediate access to BTM’s cash without unanimous shareholder approval. The company believes this representation provides a more comprehensive view of its operations and assets, despite BTM’s accounts not being consolidated with BRL’s under IFRS accounting standards. BRL asserts that this approach offers a deeper insight into the financial situation of both entities combined.
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