" However, as a result of a review into its audited accounts, Centro expects an additional $1.5 billion of interest-bearing liabilities, which were previously classified as non-current, to be reclassified as current "
There we are Rufrano himself states that an additional amount still needs to be added to the number they put up as Current debt.
No doubt this will all be set out in detail with the results at 28/2.
Ryrano gets it wrong though when he states that the changes are due to the passage of time. Any debt that was due up to 30/06/08 was always going to be Current unless Centro had unconditional rights to extend which they didnt as events have highlighted.
CNP Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
