"The analysis is ill-informed and shows a general lack of understanding of accounting principles. The differences between the cash flow statement and revenue report are that one is based on actual transactions and the other is based on accrual transactions. The diffenences are easily accounted for with timing diffenences and debtors who have paid from the previous accounting book that were taken up as revenue in the previous period."
You can assume that I know what I am talking about, particularly something as simple as the effect of non-cash items on profit and changes in working capital on cash-flows.
The cash-flow statement ain't worth much unless the company provides a reconciliation between Cash Flow from operations and Net profit from the income statement (which CNP has failed to do in the first half).
If my assessment was not correct, CNP would not be at the mercy of it's bankers, would it ?
Now, give me your assessment, show me what you're made off.
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CNP Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
