ASIC welcomes Wollongong adjustment

THE Australian Securities and Investment Commission has welcomed the decision by Wollongong Coal to record adjustments related to the recoverability of both trade receivables and mine development assets in its financial report for the year ended March 31 2015.

Wollongong records adjustments.

07 September 2015
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Wollongong has restated the March 31 2014 balance to reflect impairment losses on trade receivables of $69 million.

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