PEB - Pacific Edge Ltd

[nextbigthing]

Please leave these posts up Hancock's

[psychic]

So Winner. you are good with ratting through these things. 31/3/14 Trade Receivables @ $353k inconsistent with Sales. Can "grants" etc be considered a trade receivable in PEB's case? thanks for help

[winner69]

So Winner. you are good with ratting through these things. 31/3/14 Trade Receivables @ $353k inconsistent with Sales. Can "grants" etc be considered a trade receivable in PEB's case? thanks for help

I would say so ... and so it appears otherwise things don't make sense.

That Aust thing snaps pointed out is only recognised on a 'Cash' basis so wouldn't appear in Receivables

[psychic]

Cheers. No creative way of thinking it might be CMS sales then?

[winner69]

Cheers. No creative way of thinking it might be CMS sales then?

They may have decided not to recognise these sales at all (like saying no certainty about getting paid or something)

But generally if recognised they go against revenues / offset is trade receivables. Trade receivables reduced when cash actually received.

But then again some company do tricky things but PEB don't appear to

[skid]

im not a whiz at accounting ,but in terms of assessing their performance-what is the bottom line (without grants) and what % would it work out to compared to their cap raising -For Barr etc. predictions?
(I would kind of consider grants a freebie in terms of performance)(good for potential but not as a gauge at how they are selling the product)

I stand to be corrected if Im wrong--cheers

[psychic]

They may have decided not to recognise these sales at all (like saying no certainty about getting paid or something)

But generally if recognised they go against revenues / offset is trade receivables. Trade receivables reduced when cash actually received.

But then again some company do tricky things but PEB don't appear to

Thanks. Just wondering if they might say, not include CMS sales in Revenue, but perhaps include as Trade Receivable - as a future offset against Development costs once collected (ie costs incurred establishing the CMS relationship)

Long shot but...

[winner69]

Just for you psychic - how PEB recognise revenue

(l) Revenue Recognition

Revenue is measured at the fair value of the consideration received or receivable. Amounts disclosed as revenue are net of returns, trade allowances, rebates and amounts collected on behalf of third parties.

The Group recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the Group’s activities as described below.

Operating revenues represent the revenue from the sale of goods that is recognised when a group entity sells a product to the customer.

Consultancy fees are recognised in the accounting period in which the services are rendered. For fixed- price contracts, revenue is recognised under the percentage of completion method, based on the actual service provided as a proportion of the total services to be provided.

Grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and the Group will comply with all attached conditions. Government grants relating to costs are deferred and recognised in the profit or loss over the period necessary to match them with the costs that they are intended to compensate. Grants are for reimbursement of laboratory costs.

Cxbladder research rebate is recognised at its fair value where there is a reasonable assurance that the rebate will be received and the Group will comply with all attached conditions. Due to the time taken between submission of the rebate claim and the receipt of funds, this revenue is recognised on a cash basis in accordance with NZ IAS 18. The Cxbladder research rebate is for the research programme administered by Pacific Edge PTY Limited.

Interest income is recognised using the effective interest method. When a receivable is impaired, the Group reduces the carrying amount to its recoverable amount, being the estimated future cash flow dis- counted at the original effective interest rate of the instrument, and continues unwinding the discount as interest income. Interest income on impaired loans is recognised using the original effective interest rate.

[psychic]

I should have found this, thanks.
Oh well. Back to guessing re CMS then..

[Minerbarejet]

Given the figure 3 for last years hy and 236 as an average of Hancocks figures for the full year 14 , if that rate of climb has continued
It projects to 4456 to end of Sept this Hy and you guessed it " several tens of thousands", like 8, ​by march FY 15