I have always been lead to believe that quarterly's are all about cash flow and also the opportunity for a company to highlight their activities. It does not represent a full P&L - it is about cash-flow for the period - what came in vs what went out.
Balance sheet reporting is not mandatory and none of the companies i have ever held have disclosed full asset and liabilitiy positions in their quarterlies.
If STI choose to blow money on accountants to do a full balance sheet each quarter then they could also include their un-encumbered office suite in downtown Sydney as well as a ton of inventory to complement their plant in Canada i would expect.
cheers
STI Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
