Imarda NZ 2013 accounts, released ahead of Telematics merger, tagged by auditor over inventories

Fri, 26 Jun 2015

By Fiona Rotherham June 26 (BusinessDesk) - Imarda NZ's 2013 accounts, released ahead of a proposed merger between its Australian parent and New Zealand's International Telematics Holdings, show a wider loss and were tagged by the auditor, who couldn't sign off on the value of inventories. Imarda Pty, the GPS fleet management solutions company which is 34 percent owned by chief executive and founder Selwyn Pellett, plans to merge with International Telematics (ITH) to form a new entity, Coretex, which will target expansion in the US telem...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets market close
NZ sharemarket rebounds with Wall Street rally
Dan Brunskill | Mon, 27 Jun 2022

US markets rallied on Friday night as traders began thinking an economic slowdown would stop the US Federal Reserve from hiking interest rates.

Policy
Political donations over $5k to require declaration
Staff reporters | Mon, 27 Jun 2022

The changes require disclosure of donor identities for any party donations over $5,000 versus the current $15,000. 

Law & Regulation
Public class action fund needed: Law Com
Victoria Young | Mon, 27 Jun 2022

The Law Commission has finalised its report into class actions and litigation funding.

Sponsored
Investments to sustain the momentum of building in NZ

Classic Capital has opened its Land & Build fund to qualified wholesale and eligible investors.

Sponsored
High water marks: Watercare raises the tide on sustainability

The No.1 barrier to decarbonisation for NZ organisations is accurate measurement, says Microsoft’s Accelerating the Journey to Net Zero report.