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Ann: Quarterly Activities Report and Appendix 4C, page-156

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Gerrado

7,077 Posts.

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01/05/18

17:40

Post #: 32807791
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Originally posted by bannercannon ↑

A cash flow statement is very black and white.

Receipts less payments - its a simple as that.

If Boost pre order receipts to the company bank account were received pre 31 March 2018 then they go into the 4c.

You do not have an option to disclose at your convenience when you want.

I dont even know what you are talking about with "disproportionally inflate the Company’s net cash balance". What is that supposed to mean?

The 4c needs to arrive at the ACTUAL closing cash balance of the company. This is the whole point of a 4c. If you chose to omit some receipts in the quarter your closing position will be wrong. Simple as.

It is a totally different kettle of fish if the Boost pre sales were banked into a separate trust account in the name of a third party. If this was so, they would not form part of the 4c but as mentioned this would be different to the pre sales for iQ buds which were all banked in the company's bank account as evidenced by the 31 Dec 2016 4c.

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Only trouble i see with this explanation is that there were actually no "receipts from customers" in the Dec 16 4C.

So...

NUH Price at posting: 9.3¢ Sentiment: Buy Disclosure: Held
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