Stockland has redefined the DMF on an accrual basis calculated under normal accrual accounting standards [only DMF earned within the period is accrued]. It says this is similar to straight lining property rent where income is accrued but the cash is received in the future. This resulted in a drop in accrued DMF income from $18 million in the First Half 2009 to $15 million in First Half 2010. Speculation is that this move will impact other operators plus add to the confusion of investors in the sector.
Opinion
Three big questions the Budget must answer for aged care sector executives to move forward. Time for bravery?
With the Federal Budget now just 12 days away, there remains several unanswered questions that are weighing on boards and executives across the aged care sector. Despite the Aged Care Taskforce, chaired by the Aged Care Minister Anika Wells, handing...
