Major water company uses accounting trick to inflate balance sheet by £1.68bn
Source: BBC
BBCOne of England's top-rated water companies is using an accounting trick to artificially inflate its balance sheet by more than a billion pounds, BBC Panorama has discovered.Severn Trent Water claims that an investment is worth £1.68bn in its accounts, when in reality it has no value to the overall business.The made-up money makes the company appear more financially robust and helps to support its bumper…
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