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[sharechat] FFH Assets and profits ?

From:	Derek <dkw@paradise.net.nz>
Date:	Sat, 25 Nov 2000 08:12:31 +1300

Can someone please help me with this? Frontline 
Finance announced 'an audited net surplus after
tax of $155,000 for the year ended 31 March 2000.'
(low mainly due to bad debts)

They also claim that 'Assets, net of unearned
income and debt provisioning, rose from $117.5
million at the start of the year to $189.0
million at 31 March 2000, an increase of 61%'

(from http://www.frontline.co.nz/html/whats%20new.html)

How can assets go up so much with such a small
surplus? 

Excuse my ignorance and thanks in advance,

Derek









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