Brief: Lateral Corp updates on accounting treatment issue in financial statements for FY ending 31 March 2015

Iperion

29/01/2017 21:53

Jan 30 (Reuters) - Lateral Corporation Ltd  LAT.NZ  
    * Made aware of an accounting treatment issue in its 
financial statements for the year ending 31 march 2015 
    * "At this time LAT does not believe there will be any 
material change to previously reported financial results" 
    * "Considers this to be a technical accounting issue only 
and, critically, having no impact on trading results or cash 
position of LAT" 
    * Received advice that acquisition of Lateral Profiles Ltd 
should have been accounted for as a reverse acquisition with LPL 
as accounting acquirer 
 
Source text for Eikon:  ID:nNZW6t6TSN  
Further company coverage:  LAT.NZ  
 
 ((Bangalore.newsroom@thomsonreuters.com;))