Share
54 Posts.
lightbulb Created with Sketch. 29
clock Created with Sketch. 27/10/22
18:22
Share
Originally posted by SunderlandTech:
↑
Interest and bank fees was only $17m in full year 2022. Total finance costs of $21m include a $4m foreign exchange loss. After the recent capital raise the debt is only $90m. So the interest should reduce to $14m. Half the interest cost is owed to controlling shareholder Kerogen who capitalise the interest. Thus only $8m in interest was actually paid in 2022, according to the statement of cashflows.
Expand
Are you implying all of the CR cash was used to pay down debt? If not, then that's not how interest on debt works. This isn't an offset account on your mortgage.
