the acquisition cost will be booked in FY 21 results.
I suspect the cash balance will be something like this
$775 million at 31 dec 2020.
less $270 million purchase
plus $140 million net profit est
plus $100 million reduction in inventory and normalised payables.
We should finish 30 June 2021 with cash of approx $740 million and we own a new milk formula factory.
Overall, not a material difference in cash position.
Management Issues, page-116
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