$30ish million of AP is unearned revenue from the Ukraine deal i.e. it will be part of the $47m of revenue the CEO forecast for 1H FY23. It's a poor disclosure in my view and the auditors should of insisted it was separately identified (at the very least in the notes). There will be cash costs to deliver the remainder of the Ukraine deal but it's a high margin deal so shouldn't be anything like the $30m of unearned revenue in the AP balance.
Ann: XTEK 2022 AGM Group CEO Presentation, page-8
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