impending quarterly result , page-20

gday bolenger,

im content with most of that report.

there is only 1 area of the recent cashflow that i bear some questions. and that is the cash receipts component.

cash receipts this quarter are on par or slighty sub previous quarter. that somewhat confuses me as at this time its not in sync with the fundamental 'stories' about contract signages and outlays.

ill generalise below , but heres the jist of what i mean:

*many sites been installed (ie: site installations have been on steady rise)
*there is timing differences b4 revenue is booked due to time taken for project completions and tenancy uptake.
* the last 3 or 4 quarters cash recieipts have pretty much at same level. one would expect to see a large burst of cash receipts flowing into the accounts over 4 quarters? even if one also take into account tenancy uptake time?

so my question is pretty simple: why have cash receipts of intermoco not yet commenced to dramatically increase?

many sites are completed now.. in some cases 3 or 4 quarters have passed since. where is the reflection of that in revenue?

especially in the cases of where int contracted and installed on refurb sites. on refurb sites the time lag to tenancy would be much shorter time as opposed to new building work?

so bolenger thats my only question arising from cashflow report. all the other data in it im cool with. i beleive intermoco should dissect this issue and be more forthcoming with much clearer and more detailed data to explain all shareholders why cash receipts has not yet rised much given the many installs that have occurred over the previous 18mth.

cheers