Ann: Update on 2017 Financial Results, page-10

Fixed capital - asset purchased to generate revenue

Depreciation and amortization is where you reduce your carrying value on your fixed assets.

Hence for mwr fixed capital would be intangibles and property plant and equipment. This is used to generate revenue.

Now tell me, they have 2.6 mill in intangibles, 160K is property plant equipment total of 2.8 mill. They're d&a is 1.7 mill 60% reduction of fixed capital to produce an paltry 2-3% revenue increase. Not to mention d&a makes up 66% of revenue how is that possible?

They obviously have no credit control as well as bad debt is 29% of last years receivables, why? Because they sell services to hippies.

Mark wake up you obviously have numerous financial issues with your business, start by getting an decent accountant, then an accounts/credit controller..

West you need to stop solely looking at revenue, revenue is squadosh if d&a is 66% of revenue and bad debts is 29% of receivables. 29% of receivable, money which is owed and should be paid is not, it gone to collections and 66% of your sales goes into maintaining that revenue. So in theory the business makes nada.