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0.7¢ halo food co. limited

Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-34

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IronPig

299 Posts.

249

01/02/23

13:09

Post #: 66004685
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Originally posted by RedRocket005: ↑

Just throwing in my 2 cents worth.

Note 19 relates to the Balance Sheet, therefore the prepayments within the report are only the prepayments on hand at the end of the reporting period, or payments received which are yet to be manufactured.

It doesn't mean these prepayments were the total received throughout the year, which is why saying 1% of the turnover is not true. HLF may have received $10M in prepayments throughout the year, however only ~$500k was received yet to be manufactured at the end of the financial year, which is why it's recorded as a liability.

Good pick up, this is something I missed as well !

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Thanks for the input. Agree it is only the prepayment liability at that point and not the total prepayments received through the year. So 1% is probably not correct. I missed that correlation to previous comments. Thanks for picking that up and clarifying.

HLF Price at posting: 3.0¢ Sentiment: Hold Disclosure: Held
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