They also issued $5.6M in shares over the FY which also has to be considered in the $9M in increased assets (note 14 in the AR) if looking at NAV per share .
More specifically to liabilities is The lease liabilities which increased by around $1.5 M (note 15) no break down of why or what tenancies this occurred at . From a notational view point this is not likely to be important IMHO as its just the new way they account for leases over their full term as a liability rather than just for one year of lease .
I was not wanting to go to the AGM but may need to , to get a feel for what is going on ,as feel financials could have been explained more transparently
Ann: Update - Dividend/Distribution - LBL, page-72
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