From annual report they are owed $43m from the government,...

From annual report they are owed $43m from the government, something going on here maybe they are refusing payment????
(b) Going concern
The financial report has been prepared on the basis that the consolidated entity can continue to meet its financial obligations as and when they fall due and can therefore continue normal activities, including the settlement of liabilities and the realisation of assets in the ordinary course of business.
In the current year the company made a net profit of $9,404,816 (2015: 1,946,454) but with a cash outflow from operating activities of $4,835,274 (2015: $2,474,505 cash inflow) due to the significant growth of quality receivables mainly as a result of the expansion of the Tertiary Education segment. The directors are confident that the overdue trade debtors amount of $43m from the Australian Governments Department of Education and Training will be received. Current forecasts of operational performance and capital expenditure requirements indicate that the company will be cash flow positive in the 2017 financial year.