There was also $2m in unearned revenue as at 31 december, which further highlights the lag effect and timing and intricacies between acv, invoicing, doing the work (and recognising the accrual) and cash receipts... so i wouldnt be too concerned, next update coming in a month will be interesting!
imo
Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-60
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