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$36.7M CWB'Purchase of Capital assets'

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    #1

    $36.7M CWB'Purchase of Capital assets'

    Fransisco,

    We knew the CWB spent massive amounts on 423 Main in the past couple of years... did you note:

    Under 'Cash Flow from investing and other activities:

    Purchase of Capital Assets: (37,600)

    In my small mind... this is revealing that the CWB spent $37.6M this fiscal year... and $23,602M last year.

    I know it is a little tricky the way it is entered... but isn't this actually showing the CWB spent over $60M on capital assets?

    Why are there no notes showing what this was for?
    Tags: None
    #2
    The question seems to answer itself, they don't want us to know what they've been buying.

    I'd like to know what the demurge charges were but again they don't tell us.

    Comment

      #3
      Page 76 Financial Results

      Exceptional?

      I agree... well stated: I take 'Exception' to the manner in which the CWB wasted our money!

      Comment

        #4
        Fransisco,

        There was Dispatch... because the CWB PAYS DEMURAGE CREDITS UP FRONT... and plans always to get a credit on the shipping.

        Chaffmeister has explained this before... the shipping companies win (big $$$)... and the CWB figures we are too stupid to know the difference!

        Comment

          #5
          Yes they call it 'net' dispatch with a footnote saying demurge was 'significant'. I'd like to know how significant as in give me a number please.

          Also dispatch really isn't a positive number, if they get a shipment out earlier than agreed upon they only get part of the money back. Not sure how much, could be 50%. Bottom line is that it is cheaper but it still costs us something. Nothing like pretending a negitive is a positive.

          Comment

            #6
            Renovations?

            Comment

              #7
              I though they weren't suppose to have any capital. Isn't that how their incestuious relationship keeps the grain co's and rail lines in buisness.

              Comment

                #8
                Renovations! Yes that's it! They are working on getting that $1300 renovations rebate from the Conservative stimulus plan.

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                  #9
                  Fransisco,

                  You had to spend it after Jan 27/09...

                  It does not look like this capital went into the rail cars... where did it go?

                  Comment

                    #10
                    What, they can't get new invoices made out?

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