TRS the reject shop limited

Ann: Change in substantial holding, page-67

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    NO, because these $295 million at note 18 in the 2018 financial report, relate to ongoing lease agreements for their stores over a 1, 2, 5,and 10 year lease period..these are nothing more than rental.lease agreements in the normal course of running a business,and as such are claimed against cost, but as you can see, after all these are taken into account, the company still.make NPAT of positive $11 million..

    So these are not liabilities as one would refer to as debt..It's merely rental.liabilities in the course of running their business..so please keep to the facts

    drifta

 
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