Ok, perhap's I should have made myself clearer. In FY2013 about...

Ok, perhap's I should have made myself clearer. In FY2013 about $4m was added to plant & equipment, some of this would have been transferred from "project's in progress", but the bulk wouldn't have been (you need to refer to the notes concerning the reconciliations to PPE).

The key point is that if finance leasing is being used, you can't just assume that the investing cashflow number's will tell the whole story in term's of capex needs. Ultimately, whether capex is funded via held cash, or via leases, it still represent's an expense. An expense that will reduce the amount of money that is available to return to shareholder's, or that can be reinvested to expand operation's on behalf of shareholder's.

Incidently, if you add the finance lease repayment's for FY13 to the capex on PPE, you get $4.1m. But as I say, when it comes to capex, we cannot lend too much weight to one year's numbers.