Is the cash held by the subsidiaries and then calculated as a whole for the parent company - Sunbridge?
I must admit its one question I've never really heard a convincing answer to other than its in a very low interest bearing account or the money is offsetting the interest on loans? - but then again the December quarter had a rise in interest costs yet a decrease in debt?
My feeling is that the subsidiaries is where the answer is as there are a number of them leading up to Sunbridge and Sunbridge is the only Australian entity the others are Chinese HK and would not have the same reporting requirements?
Do the subsidiaries need to declare to the parent all their cash holdings/debt going back to the prospectus you have subs like mega rich is their books part of the overall audit conducted by Grant Thorton?
We only get the sunbridge perspective from what I understand?
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