Ann: Quarterly Cash Flow Reporting, page-6

I'd say that this requirement to continue 4C reporting is because of really sloppy reporting last year. I voiced some concerns at the time in
https://hotcopper.com.au/threads/ann-relief-from-quarterly-cash-flow-reporting.4669129/page-10?post_id=37723593 and
https://hotcopper.com.au/threads/ann-relief-from-quarterly-cash-flow-reporting.4669129/page-13?post_id=37724493

Also when you compared the June Q 4C YTD figures and added the September Q 4C quarterly figures they were way way out of whack with the September Q YTD figures.

		Jun Q	YTD		Sept Q	Should be	Reported YTD in 4C	Variance
1	Receipts	3595	6965	plus	2908	9873	8936	-937
2	R&D	261	542	plus	28	570	482	88
3	Product	821	1167	plus	1113	2280	2748	-468
4	Advertising	523	1111	plus	380	1491	1599	-100
5	Leased		0	plus	0	0	0	0
6	Staff	1204	2149	plus	984	3133	2459	674
7	Admin	534	1290	plus	397	1687	1839	-152
8	Interest	5	7	plus	1	8	8	0
9	Net Cash	257	713	plus	7	720	-183	-903

So all those variances are just errors which were submitted to the ASX and signed off on. I would not be surprised if a new September 4C was lodged shortly.

Further if the YTD Net Cash from operating is $-183k in September then there is no way you could get 4 consecutive cash flow statements by December. So the relief from cash flow reporting based on that aspect should be withdrawn, and has.

Personally I am excited to get 4C's again, I think it will be great to see the progress. I don't mind saying I am a bit skeptical about some of the brands and partners we have, its a great opportunity to see if they are making money.