Ann: Preliminary Final Report, page-27

They talk about cost out management, savings being made. I can’t really see any attempt for cost savings when you look at the huge blowout in costs. Sales increase allowed justification for an explosion in costs. Wages, marketing, administration, consultants..would love a detailed breakdown of why these costs jumped so much.

Winning a new contract great, but the costs to win that contract and execute that contract is loss making... great business model when economy of scale gives you nothing.

whats the deal with the high trade payables. Love to know the ageing on these.