SHJ 1.41% 70.0¢ shine justice ltd

Ann: Market Guidance, page-48

  1. 642 Posts.
    lightbulb Created with Sketch. 52
    This does not make sense. How do you know expenses are not included in OCF. By definition:

    Operating Cash Flow (OCF) = Operating Income (revenue – cost of sales) + Depreciation – Taxes +/- Change in Working Capital

    Actually in a quick scan of the market guidance announcement and 2015 annual report, I could find several references to OCF but nowhere could I find any specific figure quoted.

    If you meant "Cash Flow from operating activities" then this also does not make sense. Shine includes the line item "Payments to suppliers and employees", "Finance costs" and "income tax paid"
    All of which are expenses. The only expense not included is purchase of property plant and equipment which is standard to include under CF from Investing activities.


    EDIT: oh actually you meant his table...
    Last edited by tim8wilson: 02/02/16
 
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