Dick Smith Dying Days Financials Revealed., page-4

Looks like balance sheet window dressing was being used - look at interest bearing liabilities from Jul-15 through Dec-15 (balance paid out at balance sheet dates except for Jun-15). Looks like they drew down $43.5m in debt during Jul-15 (i.e. straight after balance date) to bring in more inventory and pay down creditors.

Suspect Nov-15 contains part of the $60m inventory impairment charge in GM figures. Dec-15 looks disgraceful.

Looks like a large asset impairment charge went through in Dec-15 as well.