For a person who claimed to be in business for many years and have read 500 annual reports you surely can't claim to have seen every project loan agreement that is in existence. For your info, every loan structure is different.
If you care to read Yinson's reply and the Annual Report (1 addition to your 500)...... It is stated in the Terms and Conditions of the loan that once the project is operational, the repayment must be derived solely from the project cash flow and not from any other assets of Yinson. Hence the term NON RECOURSE. For accounting reasons, it has to be taken up in the balance sheet.
Blog: Yinson Holding Berhad: Reponses to i3investor forum comments:
2021-06-09 03:09 | Report Abuse
For a person who claimed to be in business for many years and have read 500 annual reports you surely can't claim to have seen every project loan agreement that is in existence. For your info, every loan structure is different.
If you care to read Yinson's reply and the Annual Report (1 addition to your 500)...... It is stated in the Terms and Conditions of the loan that once the project is operational, the repayment must be derived solely from the project cash flow and not from any other assets of Yinson. Hence the term NON RECOURSE. For accounting reasons, it has to be taken up in the balance sheet.