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Old 4 Jul 2017, 03:10 (Ref:3748753)   #1
Terry S
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CAMS 2016 Financial Report

Interesting that this report has just been released today, yet all the directors and auditors reports are dated 21 April. Why the delay?

Also do not include the remuneration of the CEO and senior management as found in all public company financial reports.

http://media3.speedcafe.com/wp-conte...16_Digital.pdf
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Old 4 Jul 2017, 03:23 (Ref:3748759)   #2
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Originally Posted by Terry S View Post
Interesting that this report has just been released today, yet all the directors and auditors reports are dated 21 April. Why the delay?

Also do not include the remuneration of the CEO and senior management as found in all public company financial reports.

http://media3.speedcafe.com/wp-conte...16_Digital.pdf
It's an Annual Report with the financial report one part only. This type of delay is not uncommon, it takes a whole to put these reports together but agree that sooner would have been nicer.

Public Companies have different reporting requirements on salaries - that's why they are reported they way they are. No need for CAMS or anyone else to publicly list what individual deals are.
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Old 4 Jul 2017, 03:30 (Ref:3748763)   #3
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as per Note 1 to the report

Quote:
FINANCIAL REPORTING FRAMEWORK
The company is not a reporting entity because in the opinion of the
directors there are unlikely to exist users of the financial report who
are unable to command the preparation of reports tailored so as to
satisfy specifically all of their information needs.
Accordingly, this ‘special purpose financial report’ has been
prepared to satisfy the directors’ reporting requirements under the
Corporations Act 2001.
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Old 4 Jul 2017, 04:46 (Ref:3748788)   #4
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Did not find anything in the report about the 400K they lost
on the F4's in the last 12 months.
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Old 4 Jul 2017, 04:51 (Ref:3748789)   #5
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Originally Posted by Scrut View Post
Did not find anything in the report about the 400K they lost
on the F4's in the last 12 months.
report represents only 6 of the last 12 months and there would be no need to mention it anyway

is that a rumour or a fact from know source?
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Old 4 Jul 2017, 11:36 (Ref:3748878)   #6
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Did not find anything in the report about the 400K they lost
on the F4's in the last 12 months.
Only 400k?
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Old 4 Jul 2017, 22:36 (Ref:3748980)   #7
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Originally Posted by peckstar View Post
report represents only 6 of the last 12 months and there would be no need to mention it anyway

is that a rumour or a fact from know source?
As quoted to me from a CAMS Board member.
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Old 4 Jul 2017, 22:44 (Ref:3748982)   #8
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Originally Posted by Scrut View Post
As quoted to me from a CAMS Board member.
cheers
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Old 5 Jul 2017, 03:10 (Ref:3749004)   #9
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Originally Posted by peckstar View Post
report represents only 6 of the last 12 months
It appears you haven't even read the report.

On the first page it says Clearly "ANNUAL REPORT 2016".
What is your definition of annual?

It is clearly mentioned throughout that it is for the YEAR ENDED 31 December 2016.

See top of page 24, pages 26 to 30 and 32 to 43.

Financial matters are obviously not your area of expertise.
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Old 5 Jul 2017, 03:37 (Ref:3749007)   #10
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Quote:
Originally Posted by Terry S View Post
It appears you haven't even read the report.

On the first page it says Clearly "ANNUAL REPORT 2016".
What is your definition of annual?

It is clearly mentioned throughout that it is for the YEAR ENDED 31 December 2016.

See top of page 24, pages 26 to 30 and 32 to 43.

Financial matters are obviously not your area of expertise.
very good.

Now put it back into the context of what i was responding too with scruts question who asked about the last 12 months of which the annual report only represents 6 months off.
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Old 5 Jul 2017, 05:07 (Ref:3749014)   #11
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Quote:
Originally Posted by Scrut View Post
Did not find anything in the report about the 400K they lost
on the F4's in the last 12 months.
Quote:
Originally Posted by peckstar View Post
report represents only 6 of the last 12 months and there would be no need to mention it anyway

is that a rumour or a fact from know source?
Quote:
Originally Posted by Scrut View Post
As quoted to me from a CAMS Board member.
Here's the context, you've got me stumped.

The report covers 12 months, and doesn't mention any F4 losses. Which are real, and as quoted to Scrut by a CAMS Board member....what am I missing?
Did you read the report? What is your definition of annual? Are financial matters your area of expertise?
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Old 5 Jul 2017, 05:21 (Ref:3749015)   #12
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Originally Posted by bludvl_x19 View Post
Here's the context, you've got me stumped.

The report covers 12 months, and doesn't mention any F4 losses. Which are real, and as quoted to Scrut by a CAMS Board member....what am I missing?
Did you read the report? What is your definition of annual? Are financial matters your area of expertise?
your making me laugh. last night you complained about people swinging their bits and now you are doing the same thing for no reason

Scrut on July 3 asked if there was any mention of F4 losses for the last 12 months, I took that as July 2016 to June 2017

I replied that report only covered 6 months of that period ie July 2016 to December 2016

I also pointed out that there is no need to mention those losses in an annual report
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Old 5 Jul 2017, 06:08 (Ref:3749019)   #13
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Originally Posted by peckstar View Post
your making me laugh. last night you complained about people swinging their bits and now you are doing the same thing for no reason

Scrut on July 3 asked if there was any mention of F4 losses for the last 12 months, I took that as July 2016 to June 2017

I replied that report only covered 6 months of that period ie July 2016 to December 2016

I also pointed out that there is no need to mention those losses in an annual report
Ah, so there was a misunderstanding, thanks for clearing that up. An easy mistake to make when the report is for 2016 not any other period. I could see what Scrut wrote, I quoted it.

I'm not doing anything other than trying to make some sense of whats written. It makes communication on a forum where intonation and body language can't be conveyed in any meaningful way. Any thoughts of other agendas simply aren't there.
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Old 5 Jul 2017, 09:09 (Ref:3749043)   #14
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A financial report would _normally_ be for a financial year, but this is CAMS Annual report, for 2016 Calendar year.
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Old 5 Jul 2017, 09:12 (Ref:3749044)   #15
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Originally Posted by peckstar View Post
report represents only 6 of the last 12 months and there would be no need to mention it anyway?
Not every institution reports on a July-June financial year. Independent schools for example commonly report on a January-December financial year, as it fits with the school year. The same would apply to CAMS I would think, as it would fit with the competition year. I would suggest that the report is for a full 12 months, not just 6.
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