Creative accounting – VicForests style
Paper profits for political appearances VicForests Annual Report for 2014 is now available here and they are claiming a profit of $3.4 million this year, but this claimed profit is a mirage, created for political reasons. $2.6m seems to have been generated (on paper at least) by re-valuing “forestry assets”, see Note 3c, p.42 Another $1.1m …