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COG FINANCIAL SERVICES LIMITED — Net Asset Value 2016
Aug 11, 2016
64684_rns_2016-08-11_8fb3a82f-b4a2-4c77-8c8e-b02b1c7b1781.pdf
Net Asset Value
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ASX Company Announcements
12 August 2016
The Manager Australian Securities Exchange 20 Bridge Street Sydney NSW 2000
Net Tangible Asset Value (NTA) as at 31 July 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 31 July 2016 is reported below:
| Company | |
|---|---|
| Net Assets | $88,644,037 |
| Intangible Assets | $0 |
| NTA | $88,644,037 |
| NTAper share | 15.61 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