Smokey the brief preso with 4b stated Operating Summary 2015...

Smokey

the brief preso with 4b stated

Operating Summary 2015 2014 2015 2014 Segment: Australia, New Zealand, Asia $000 403,961 424,012 14,667 15,341 Corporate/Unallocated $000 - - (11,515) (11,812) Total continuing operations pre Europe exit $000 403,961 424,012 3,152 3,529

so around 3-4m pretax .......

that is a bit less than 14-15m ......

my point still stands - until they get rid of the costs assoc with financing / factoring of inventory / recievables - it wont generate any significant cash .......

note13 - Balances subject to these approvals at reporting date were $37.1 (ie 22m "available")

note 24 - The regional asset backed facilities in Australia and NZ have availability periods of 9 months to 2 years, and include regional covenant measures. These vary by region and include fixed charge coverage ratios, net worth and capital expenditure tests. These facilities have restrictions on the ability to draw down and move cash within the Consolidated Entity. The regional asset backed facilities in Australia and Germany involves the securitisation of receivables. In New Zealand, the regional facility is secured by both receivables and inventory.

kind regards
V_H