Okay - I just spotted page 7 reference "Cash management initiatives implemented in April 2020 included permanent and temporary reductions to employment costs designed to bring the business to a cash flow breakeven position by the end of FY20."
Acknowledges NEA will bleed cash for several months yet. And I notice that management pays itself nicely and that the company has a swanky office at Barangaroo. Hardly signs of a strong commitment to expense control.
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- Ann: Appendix 4E and FY20 Annual Financial Report
Ann: Appendix 4E and FY20 Annual Financial Report, page-32
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