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McAleese accounts snapshot shows $16m surplus

Jenny Wiggins

Collapsed transport group McAleese had a surplus of $16.3 million after it went into administration two months ago, receivers Grant Thornton have revealed in filings with the Australian Securities and Investments Commission.

The company, which filed for administration in late August, has assets of around $237.1 million, but owes its creditors $220.8 million, according to the accounts, which contain only limited information on McAleese's finances and do not provide detail on equipment values or claims by employees.

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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com

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    Original URL: https://www.afr.com/companies/mcaleese-accounts-snapshot-shows-16m-surplus-20161024-gs97w3