Accountancy 101 for "misleading" minister. An accountant-to-be has "rubbished" S. Samy Vellu's take [New Sunday Times, Feb 25] on why highway toll had to go up extortionately (doesn't 60 per cent extort?) earlier this year.
I am no wizard when it comes to figures but FreeLunch2020 makes it look so elementary.
"So, no Samee. The total interest costs for the entire period of the project is pretty much fixed if interest rates are fixed. And NO, the loan principal IS NOT PART OF THE COST.Click here for a lesson on accountancy. For your more basic instincts, Shanghai has a finger on the same minister here.
Now the question becomes how come these companies are not generating enough cash, and why are their stoopid projections/budgets so OFF the mark?"