Net assets consist almost entirely of goodwill, being $16M FY20 to H1FY21 $71M (eg. down $6.5M ex-goodwill).
Borrowings up $6M+ against that extra $4M banked.
Increase of revenue by $24M offset by a $26M increase in expenses.
Seems like a lot of spin.
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- Ann: FY21 Half Year Report and Accounts with commentary
Ann: FY21 Half Year Report and Accounts with commentary, page-40
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