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COG FINANCIAL SERVICES LIMITED — Net Asset Value 2015
Sep 6, 2015
64684_rns_2015-09-06_adc40201-d74f-4c03-a7f9-a1728d3774fd.pdf
Net Asset Value
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ASX Company Announcements
7 September 2015
The Manager Australian Securities Exchange 20 Bridge Street Sydney NSW 2000
Net Tangible Asset Value (NTA) as at 31 August 2015 on a Company Basis
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 August 2015 is reported below:
| Company | |
|---|---|
| Net Assets | $56,795,066 |
| Intangible Assets | $ 352,935 |
| NTA | $56,442,132 |
| NTAper share | 14.25 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