In last week’s bulletin we reported that claims service provider Stream’s independent auditors had drawn attention to the company’s net loss of $12.74 million in the year to June 30, with liabilities exceeding assets by $9.75 million.

The auditors were in in fact referring to current assets, and the report has been amended by insuranceNEWS.com.au to make that clear.

Current assets are short-term in nature, and do not include such items as land, buildings, plant and machinery, vehicles and equipment. Current liabilities are debts that are payable within 12 months.