Of course she can. I never said she didn't.
But as soon as you add back the non-cash items, it isn't a P&L. It's a cash flow statement. But, that is NOT what she is quoted as saying:
"the income you receive is greater than your expenses making it positive cash flow"
And also makes it positively geared. If your bank doesn't agree with me, find someone who knows what they are talking about.
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