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  "documentTitle": "Olam International Ltd. (SGX:O32)",
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  "authorName": "Carson Block",
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  "presentationDate": "2012-11-27 00:00:00",
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  "notes": "The slide highlights a suspicious accounting reclassification of assets and its impact on income statements.",
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      "text": "The cost basis for “Office Equipment” as of June 30, 2009 decreased from S$36.4 million in the FY2009 AR to S$16.8 million in the FY2010 AR. So what happened to the S$19.6 million (S$19,629,000 to be precise)? It turned into biological assets (p. 88, 2010 AR).",
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      "text": "Office Equipment cost basis: S$19.6 million",
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      "text": "With the addition of biological assets to the FY2009 financials, there was also a change in the income statement: “Other Income” in FY2009 increased by S$19.0 million to account for the new biological gains.",
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      "text": "The FY2009 ending balance for “Office Equipment” on a cost basis is S$36.4 million. Below is the PP&E note to the financials published with the 2010 AR (Note 10, p. 119):",
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      "text": "The cost basis for “Office Equipment” as of June 30, 2009 decreased from S$36.4 million in the FY2009 AR to S$16.8 million in the FY2010 AR. So what happened to the S$19.6 million (S$19,629,000 to be precise)? It turned into biological assets (p. 88, 2010 AR):",
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