Ann: Quarterly Activities and Cashflow Report, page-16

More of the same.

Issue is staff costs are generally recurring meaning your incomings/outgoings differential continues to get worse. Cute "double reporting" tricks continue to make it look slightly more palatable than it actually is but for anyone willing to ignore the fluff and just look at the incomings/outgoings for the last few years can tell little to no real progress has been made.

Expect more "it's all going to start paying off next quarterly" that we've been hearing for the last two years though.

Expert can kicking at this stage ...