Australia's largest stock trading and investment forum Australia's #1 stock forum

If I can't read financials, I should surrender my Chartered...

First 94 Last

Share
Profile

Follow
8horse

34,339 Posts.

9120

09/12/14

11:54

Post #: 14431905
Share

Originally posted by accaeric ↑

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.

Expand

If I can't read financials, I should surrender my Chartered Accountant certificate.
5 Upvote

Reply

Top Stories

SDF

Steadfast Group sees $600M wiped off on resumed trades after Four Corners feature

FRB

Firebird snaffles Environmental Permit for Jinshi plant

DUR

Duratec snags $76.5M in works from Woodside and Defence respectively - including spy network upgrade

GL1

Global Lithium latest hit by lithium downturn; shares fall -10% as Manna DFS paused

FBR

FBR's robotic home construction tech passes first US early-stage structural compliance check

There are more pages in this discussion • 37 more messages in this thread...

First 94 Last