To avoid confusion on the cash balance see the note on page 5. It's only $33m of usable cash available.
Very stupid that the accounting standards make them include the PDVSA cash in their cash balance. They can't use it, so to me that's very misleading (not by the company, but by the accounting standards)
Ann: Appendix 4C - quarterly Q4 and Commentary, page-24
-
- There are more pages in this discussion • 59 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
