Nectar,
Thanks for drawing attention to the cash flow again. I had almost forgotton about it in anticipation of the next one.
How is it that staff cost for Q are only $369k when from Annual report CEO & COO take 2x$500k each p.a. = $250k total per Q?
This leaves salary budget of $119k for staff for a Q. That is $480k annual salary budget. Take off supper, payroll tax, work cover etc......
How many quality people does this cater for to implement the INT strategy?
Does not compute.
Call me a cynic, but this cash flow was engineered to give the Chairman some grace with which to scurry down the plank to the docks.
I appreciate that we are talking cash flow statement, but as a gernal comment, it seems to me that many HC posters think that revenue is the only line in a P/L. Expenses (or lack there of) also tell a tale. Not to mention AR AP in the B/S but we will leave them for the next set of accounts.....
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