Niocorp Developments Ltd (NB)

[walterc]

Tod

In certain years part of the revenue of NioBium at Catalao was not included in revenue but shown as a liability on the Balance sheet as deferred income..
That distorted the EBITDA figures for Niobium and gave a wrong impression; In order to get the right figure you had to add the revenue on the Balance sheet to the revenue in the income statement to come to the right conclusion. That was explained in the notes to the accounts;

I remember explaining that here