Sunday, July 20, 2008

PROTON: Harta Pusaka.

1. I must admit I have only a minute knowledge of company accounting. But I do know that creative accounting can make losses appear in the books as profit.

2. Whether the cost is sunk or not it still involves a cost in terms of real money (not figures in accounting books).

3. When the previous management of Proton bought 57 per cent of M.V.Agusta, they were fully aware of the financial problems of the company. Who would sell a company making tons of profit? If they would, the price would be beyond our reach.

by Tun Dr Mahathir,

continue here and read this too PROTON AND THE SALE OF M.V. AGUSTA and this Snippets - Birthday, Road Transport, Blocks & M.V. Agusta