24-04-2016, 10:00 PM
(24-04-2016, 10:28 AM)CityFarmer Wrote: [quote pid='128647' dateline='1461425120']
I would like to remind, one common mistake of mine, is the failure to differentiate US$ and S$ figures in ARs. It is more so for AR which uses $ as S$, rather than US$.
Another point is, the contract value of $3.2 billion (is US$ right?) is an estimation (by weijian and others?), while the $2.7 billion (i guess is S$) is the announced figure.
I hope I didn't create more confusion than clarification.![]()
(not vested)
[/quote]
3.2bil is USD. The first ever drill ship was 792.5mil USD and the rest of the 6 were all 806mi USD. But I think we can approximate it to 3.2bil USD for the first 4 drillships that are WIP. Since SCM reports in SGD, 2.7bil collection (or 1.9-2bil USD) is in SGD.