GP Industries

[noob_investor]

I noticed that the P&L statements in FY 14 annual report and FY 13 annual report shows very different figures. I suppose it is accounting policies changes? Then why is it that the impact is so great on the sales 200+ to 900+? Any help is appreciated.

GP Batteries which was previously accounted for as an associate is now consolidated into as a subsidiary. There is a more detailed explanation in the FY2013/2014 results announcement.

Thanks. This will also mean that it is difficult to do a 10 year analysis based purely on the historical Annual Reports.

My accounting is not good. As an associate, it is only contributing less the % holding of the parent to the top and bottom line? then on consolidation, the full results (i.e 100%) of it's subsidiary is consolidated into the P&L regardless of the % holding of the parent?