By Tom Winnifrith | Wednesday 17 February 2021
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Hat tip to reader TP for spotting this. New accounting standards were, I thought, meant to ensure that the picture painted in a set of accounts reflected the reality of what was going on at the coalface. But sometimes they have the opposite effect. Take this gem from yesterday’s Preliminary results from Heavitree Brewery (HVT):
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