Just checking back, and looks like I got lucky with the nearest to pin competition for the HY results! Do I win a few golf balls or a voucher at the local golf club bar?
Some additional observations on the results:
- Remaining lease payments continue to run down, and future commitments are down under $3M (this will never be $0 as FRM must always replace flocks). $1.5M of capital payments to go.
- In the comments he says that cash flows from operating activities decreased largely due to increased company taxes, inventories and biological assets. The decrease in operating cash flow $4M on last half year - yet from what I can tell the increases in company taxes, inventories and chooks would be lucky to make $2M. Am I missing something here?
Ann: App 4D & Half Year Accounts, page-8
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