I would say that analysts just are not competent enough to analyse the complexities of the JARE and convertible debt deal to give rise to the mismatch in so called headline numbers. Reality is that the real money out the door is the early repayment of US$20M recorded in the cashflow statement. The rest are all accounting adjustments that are non cash in nature. All the data have been put out there in the quarterly reports and they couldn't crunch the consolidated numbers?!
Ann: FY18 Financial Report Presentation, page-42
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