Quarter on quarter, the trend continues. Safety metrics...

Quarter on quarter, the trend continues. Safety metrics increasing (other than NIM), and NPAT continues. Each half of accumulating profit should decrease our risk.

And $6m NPAT, even with receivables increasing from $1.1b to $1.2b? The increase meaning the accounting rules forcing some up-front write-offs?

I don't see it stated explicitly, nor Net Assets or Debt levels to confirm it. But I expect to see Net Assets showing +$6m. Either as cash or reduced debt.

Corporate debt (and associated penalty fees) was reduced recently, so maybe that explains how we kept NPAT at $6m even when the account rules would be forcing some up-front provisions (higher provisions due to growth, reduced penalty fees on the corporate debt).


But a question: receivables +$100m, but undrawn facilities -$200m. A facility was not renewed? $6m accumulate profits should help that a little (letting us contribute more equity towards any facilities).

Half yearly report probably due end of Feb, to see the financials and where the profit went.