If only you understood financial reporting and accounting standards Hasty78. Let me give you a brief explanation of the cash flow statement, in layman's terms.
Operating activities = general working capital for items that are not capitalised on to the balance sheet. These do not include payments made to gomspace etc.
Investing activities = broadly means for items that are capitalised on balance sheet - such as PPE and intangible assets in SAS's case.
Now I'm sure I don't need to explain to you that the cashflow statement is a summary of cash spent for the period. So let's take a look at the balance sheet.
The movement between plant and equipment between 31/12/18 and 30/6/18 = $7m. Yet the cash flow statement says payments made = $2.5m
For intangibles the movement is $2.5m and the payments made were $1.9m.
The creditors have increased by $5.3m, which is roughly equal to the movement in PPE less the cash payments made (any difference would relate to general working capital and intangibles). This would relate primarily to the CDR which was a liability @ 31/12/18 for 3m euro.
So what is the difference between PPE and intangibles? You can read through AASB 116 and AASB 138 (the accounting standards which govern these 2 items) but essentially an intangible is a non-physical item that in SAS's case is internally generated, such as consultant fees for the software. PPE are tangible assets used for the production or supply of goods or services, for rent or hire or for general administrative use. PPE
Therefore, PPE would comprise of costs such as launch costs, the CDR and construction costs as well as D-Orbit and any other costs required to bring the tangible asset (the satellites) to their intended working condition).
So to summarise, SAS have not incurred any costs yet (up to 31/12/18) for any construction costs of the first batch. CDR was not yet paid therefore even as per Gomspaces own admission they suspended work on SAS. Logically you first need CDR completed before you can begin paying for any construction costs.
Anies theory is a solid one, SAS have been very vague in their reporting as detailed in the 3 Diamonds revenue announcement.
Mondays announcement will be a result of supplier payment term renegotiations as announced in the Prospectus. There's no point speculating what it may be, but I expect it to be a positive announcement. SAS desperately need some of those right about now.
