Feel free to jump on me, impinge my character, whatever turns you on, I was looking to buy, but. . .
Looking at the half year accounts of APT, receivables in the balance sheet at 30 June 2017 were $98.4m. Six months later at 31 December they were $185.3m, an increase of $86.9m.
What I don't get is that revenue from the P&L statement for the 6 months was only $49.9m.
How did they rack up nearly twice as much in receivables as they did in sales?
The auditors signed off on it but to me it just doesn't follow.
Anyone qualified to give an explanation is welcome.
Cheers
APT Price at posting:
$7.81 Sentiment: None Disclosure: Not Held
