Financials

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  • loopy #5657

    The supplied P&L statement for 1 March 2015 to 29 February 2016 reports a net profit of $19,425.48, but the balance sheet, as at 29 February 2016, uses Current Year Earnings of -54,328.49 to adjust the Equity.

    Why don’t those numbers agree?

    Reply
    wifi #5691

    Hi loopy,

    I have sent a request to the borrower to come back to us with a explanation. As soon as it is received I will post it here.

    Regards,

    Brendan, Head of Customer Sales
    Marketlend

    Reply
    joseph1 #5698

    Hi loopy,
    We chased up Trojan Security to provide us their latest Financial Statements. Please see the uploaded Financial Statements in the Credit Info tab.
    Regards,
    Marketlend

    Reply
    Jack Rabbit #5699

    Just for the benefit of all investors we received the following message from Trojan Security earlier today to support the new statement.

    “I believe there’s a bank rec issue as at June 2015, hence why there’s a discrepancy between the P&L and Balance Sheet. However, as at March 2016, the reconciliation has been corrected and the P&L and Balance Sheet match”

    Reply
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