Was thinking that contrary to my initial thoughts about net debt.
Even though the stamp duty of circa $360m was paid in January the net debt as 31 December should be as they stated of $1 billion even though they paid in early January. Stamp duty as at 31 December has to be taken up as “other creditor/liability” This accrual is part of the calculation in the net debt. Therefore its actually been a good outcome for the December quarter.
Does anyone have any contrarian thoughts on my interpretation?
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