When we heard that nuclear power group British Energy is in a joint venture trying to buy the infamous Three Mile Island, we started wondering about two aspects of the nuclear industry's financial reporting.
Firstly, just what do they put in the “contingent liabilities” note? After all, just how do you value several thousand square miles of neighbouring people, industry and landscape? Secondly, how do you depreciate stocks of uranium and plutonium? Do you use the declining balance method at 50% over 74,000 years? Answers, please, on a postcard …
Leave a Reply
You must be logged in to post a comment.