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發表於 2013-1-15 14:26:15
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bogus_chan 發表於 2013-1-15 10:53
I don't understand, most of the good private school they have shit load of cash due to endowment. I ...
As mentioned by 管夷吾 , it is likely to be un-realized loss ( or as you wish, call it 'Paper loss' ).
The bonds or investment portfolio are down, and Hong Kong Accounting rule requires them to state market value in the financial statements, hence loss in investment.
As for the new teaching hospital in China, it is likely again a result of amortization.
Really nothing scary. |
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