Hopefully, someone smarter than me can answer this.
In all other financials reports I have read, and change in annual borrowings shows up as a corresponding net cash movement from borrowings less repayments in the cashflow statement.
But for Wagner, I’m seeing:
Borrowings from CL and NCL up $10.m but in the cashflow, net borrowings (drawdowns less repayments) is flat
What am I missing?
Ann: FY23 Results Announcement, page-3
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