intermoco in very good position! $1.199m cash!, page-4

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.....