I am wondering if anyone else is concerned with the huge provision (approx. $11m) for bad debts?
I looked through the notes but there was no explanation other than "bad/doubtful debt".
From my perspective this is a material number relative to future EBIT with no clarification from management.
If this is related to acquisitions (making it an abnormal) then you would think that management would have clarified this. If not, then there seems to be a severe lack of financial management at ARR.
I will definitely be asking for clarification at the AGM as I would hate to see another massive hit against future profit in the next FY.
