Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-2

Can anyone see where the interest on the $11m facility is being paid in the Quarterly's?

It says in the annual report is it payable monthly in arrears. They say they are in "Cash profit" but are they just deferring interest repayments?

$10m x 11.5% / 4 = $287k.

Should that not be a cash outgoing each quarter for interest? Only $28k is recorded.