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Broadlands expected to show dramatically improved result

Thursday 16th of December 2010

Broadlands previous auditor, BDO, had insisted the accounts for the year ended March show an $11.84 million allowance for impairment against gross finance receivables of $35.35 million.

Broadlands managing director Rudi Kats says the company was unhappy at what it regarded as BDO's excessive conservatism and so sought a second opinion from KPMG. After gaining that second opinion, the com...

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