IF you take trade and other payables into accounts, you probably should offset other working capital as well, trade receivables and inventories, $120m
I suspect trade and other payables were paid down quite a bit as cash position decreased substantially after capex, dividends, income tax instalment.
Provisions, was mainly rehabi costs.
Deferred tax liabilities were arose from time difference, might be income tax payable in the future if they make profit. But current financial year, they are unlikely to make any profit.
Therefore, overall position, trade payables and trade receivables & inventories can be fully offset.
Deferred tax liabilities might not payable.
Only left with rehabi provision costs.
- Forums
- ASX - Day Trading
- Day Trading Dec 9 Morning
IF you take trade and other payables into accounts, you probably...
-
- There are more pages in this discussion • 38 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)