20-12-2011, 01:15 PM
Further digging into its IPO Prospectus has shown that non-cash charges (depreciation & amortisation) are indeed factored into COGS.
Pg 56-57 of IPO Prospectus:
Manufacturing overheads - ....depreciation charges of PP&E...
Cultivation overheads - ...depreciation charges on land improvement costs, amortisation charges on operating lease prepayments...
Pg 56-57 of IPO Prospectus:
Manufacturing overheads - ....depreciation charges of PP&E...
Cultivation overheads - ...depreciation charges on land improvement costs, amortisation charges on operating lease prepayments...