Ann: Change in substantial holding, page-66

"They are off sheet liabilities for a reason, do you know what that reason is?
These are not current debt liabilities..they have no current liabilities..ie no debt."

Hmmm... according to the information that the company has issued - and it is all independently audited - $100.6m is due and payable in a period "Not later than one year" (the company's words, not mine).

Now I don't know about how you view the world of finance, but I'll wager that the overwhelming majority of people with accounting background/qualifications will feel that something that has to be paid within one year constitutes a pretty unequivocal current liability.


PS. If you don't think these leases are a liability, why do think the company goes to the trouble to calculate Fixed Charge Coverage Ratios for us?