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hoenderdief
Annual Report?
I am analysing Woodside Petroleum Ltd's Annual Reports.
In the Full Financial Reports, they have listed the following:
ECONOMIC ENTITY and CHIEF ENTITY (Please see the screenshot: http://i96.photobucket.com/albums/l172/hoenderdief/EconomicChiefEntities.jpg )
I want to know what those are and what they mean.
You need to look under the mgmt discussion of results to find out precisely why they have done this. It looks like it may be a holding company setup, or that the "chief entity" may be a financing/investing vehicle.
Hope this helps!
RT
I'm sure you've done this - but read all the Notes to the financial statements carefully - it may be defined there.
Which 1's Pink
honestly don't know, but i would be inclined to say the the economic entitly is the liquid assests, money and the chief is non liquid assest, rent, electricity, you have no control over.
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