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COG FINANCIAL SERVICES LIMITED — Net Asset Value 2016
Oct 12, 2016
64684_rns_2016-10-12_a8600ff5-c0a6-4b43-b1ae-d46883341913.pdf
Net Asset Value
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ASX Company Announcements
13 October 2016
The Manager Australian Securities Exchange 20 Bridge Street Sydney NSW 2000
Net Tangible Asset Value (NTA) as at 30 September 2016 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 30 September 2016 is reported below:
| Company | |
|---|---|
| Net Assets | $121,288,690 |
| Intangible Assets | $0 |
| NTA | $121,288,690 |
| NTAper share | 13.89 cents |
The reduction in the NTA per share from the previous month’s announcement of 15.61 cents is largely attributable to the dilutive effect of capital raising activities in the month of September 2016.
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