Looks good.
Not so keen on capitalising staff costs under investing, cheeky way to improve operating cash flow. Seems to be coming more common place, not sure I fully agree with it being excluded from operating cashflow.
It also appears the cashflow has had a boost from shipping products sitting in inventory. Either way they are fixing the supply chain issue and starting to get a reasonable looking forward order book.
Big tick overall.
Ann: Quarterly Activities Report and Appendix 4C, page-15
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