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COG FINANCIAL SERVICES LIMITED — Net Asset Value 2014
Aug 10, 2014
64684_rns_2014-08-10_36d62d59-5cb3-4c58-b5f6-e1c9ba2bca41.pdf
Net Asset Value
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ASX Company Announcements
11 August 2014
The Manager Australian Securities Exchange 20 Bridge Street Sydney NSW 2000
Net Tangible Asset Value (NTA) at 31 July 2014 on a Company Basis
As announced on 9 December 2013, the Board of Armidale Investment Corporation Limited (AIK) has determined that AIK falls within the definition of Investment Entity as set out in the Australian Accounting Standards Board (AASB) AASB 2013-5 Amendment to Australian Accounting Standards – Investment Entities.
Due to the adoption of AASB 2013-5, there is only one NTA to be reported, the Company basis.
The unaudited NTA value per share (after all taxes, fees and expenses) for 31 July 2014 is reported below:
| Company | |
|---|---|
| Net Assets | $36,989,503 |
| Intangible Assets | $ 562,159 |
| NTA | $36,427,344 |
| NTAper share | 14.14 cents |
It is noted that AIK’s accounting treatment under AASB 2013-5 Amendment to Australian Accounting Standards – Investment Entities , is a separate exercise and unrelated to the requirements and definition of an Investment Entity (or “LIC”) under Chapter 19 of the ASX Listing Rules.
For further information please contact:
Andrew Grant David Franks Executive Director Company Secretary 0415 166 090 02 9299 9690