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clock Created with Sketch. 24/07/24
14:59
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Originally posted by CDO22:
↑ The interest earned should still be higher than the interest due despite shortfall. I was just saying than the net income now is reduced by about $320k per annum because of the shortfall. The key is to realise they only have $6.6mio worth of cash, as they report themselves in the commentary.
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Net cash position $’m Amount $M Amount Vendor Interest Rate Spenda Interest rate Vendor Interest Per annum Speda Interest Earned Variance Comment 1 Cash and cash equivalents (A) 9.8 9.8 9,800,000.00 2 Gross client loan book 10.8 10.8 10,800,000.00 10% 18% 1,080,000.00 1,944,000.00 864,000.00 Total Revenue 3 Less: Finance facility (14.0) -14 -14,000,000.00 4 Net client loan book (B) (3.2) -3.2 -3,200,000.00 10% -320,000.00 Interest on unused facility 5 Net cash position (A + B) 6.6 6.6 6,600,000.00 544,000.00 Total Revenue Spenda interest earned minus Interest paid
Last edited by
H&AT :
24/07/24
(20min delay)