Sino Agro Food Inc (fka SIAF)

[RealDutch]

Question 1G. "Approximately, when will the Mega Farm pass the existing business in terms of revenue?"

Answer : probably never

(1) 100,000MT of prawns in 10 years time would result in $1.2B in sales for CA (resale).

(2) Any ownership below 50% will not be booked as revenue because the results will not be consolidated. The profits will be booked as "other income".

(3) Perhaps you can book the revenues twice, depending on how big your stake is in the wholesale centers, and the export division. But that's an accounting issue.

(2) May not be entirely true. This is not a question you want to ask management during a CC. Especially Solomon after a hard days work.