By Aleem Khan
Monday 25th August, 2014
Australian extractive industries multinational BHP Billiton reported a US$74 million unrealised gain from its already-producing Angostura field for the 2014 financial year ended June 30. Unrealised gain or loss is an accounting term that means the gain or loss is only a book profit or loss. In 2013, the company posted a US$84 million unrealised loss at Angostura.
In its August 19 press release announcing results for the year ended June 30, 2014, the company accounted for “an unrealised gain of US$74 million related to Angostura embedded derivative (2013: US$84 million unrealised loss).
Read the full article from the Trinidad and Tobago Guardian Newspapers