Financial statements are just a guide. I've seen so many subscripted numbers on items over my time, I wouldn't count anything as gospel. Of course Centro are in a reason able position cashflow-wise, otherwise they wouldn't be in business would they? They certainly wouldn't be in a position to borrow more money. The key factor is not what their balance sheet looks like now with all those assets still in their hands, but what it will look like when all asset sales are complete and we can more accurately judge the impact on revenues then.
CNP Price at posting:
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