balance sheet, page-3

Thanks Relexivity.

I'm trying to work out where the other part of the story is then, if this is money received by PTN that is to be paid back - where is it kept on the balance sheet (i.e. if they received that 600m, what did they do with it to balance this liability they now have?). I'm guessing it is (partly) the source of the $154m cash (which derives the 5m interest income)? And the rest has gone on acquisitions/asset purchase I guess.

So in effect, they are treating it as another source of debt.

This also leads me to wonder - is the debt/asset ratio thus 400m/1.4b (~30%) or is it really (400m+660m)/1.4b (~71%)?

To take the story to the next level, their management fees were 2m at Dec 06, but nil Dec 07? And Sundries income has gone from 75k to 2m?

To quote, "I want to believe" but this is worrying.