subtract another 2million owing to the ATOYou can’t count the...

subtract another 2million owing to the ATO

You can’t count the 4.5M that comes from the Bond Facility


NOTE 16: CONTINGENCIES AND COMMITMENTSSIMPEC Alltype Group $$$30,474,871 (20,055,905) 10,418,96621,205,885 (14,984,857) 6,221,02822,728,197 (16,163,403) 6,564,79420,692,917 (15,198,227) 5,494,69053,203,068 (36,219,308) 16,983,760 9,859,235 (3,193,841) 23,649,15441,898,802 (30,183,084) 11,715,718 5,152,526 (1,803,544) (232,707) 14,831,993 As at 30 June 2022, the Group has provided bank guarantees which are held in term deposits of $4,527,938 (2021: $3,024,969) to various customers and suppliers. During the financial year ended 30 June 2022 the Group entered into ~$7.5M bond facilities (“the Facilities”) with Export Finance Australia. As at 30 June 2022 $7.5M of these bond facilities had been used.

@bubba
if I squint so can see 700 million, but with 1 eye open that turns into 70 million.

but the topic is the Report and valuation on that report not some revenue figure pulled out of ….where exactly