You actually dont know that.
Lets say i have a business. Each year i make $1,000 dollars in cash.
Next financial year i make the same amount of $1,000 but trade receivables increases by $500.
Does that mean cashflow is 1,000-500=500
F**k no.. That makes no sense.
The only time that makes sense is if our cashflow was $1,000 and $500 of that was made up of receipts.. then you are right cash flow is only $500.
But as it mentioned before...."After taking into account positive cash flows from the Kipoi operations, cashflows for the quarter were as follows:"
So what it is saying is... in adittion to the $1,000 made by the business the following occurred:
1,000+ 500, make sense?
The point is that $3.4mil will be cash inflow next reporting period in addition to what was made from Kipoi Operations.
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- Ann: December 2016 Quarterly Activities Report
Ann: December 2016 Quarterly Activities Report, page-35
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