Sorry nikec... but if you even cant calculate a cashflow statement you shouldn't post anymore..
Just read that EXACTLY and tell me what the "physical" cash impact is:
$3.4 million increase in trade receivables!
So what is increasing here??! The cash or the outgoing invoices??
Answer:
The outgoing invoices have increased but no "physical" money generated so far (new generated invoices which are not paid so far in Q4.16/depends on paym. terms!).
Rule:
A decrease in trade rec. = pos. cash (=more paid invoices than outg. in this perdiod)
A increase in trade rec. = neg. cash (=more outg. invoices which r open & not payed!)
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- Ann: December 2016 Quarterly Activities Report
Ann: December 2016 Quarterly Activities Report, page-32
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