notice received , page-73

Revenue: (up 65%)
NPAT: (up 909%)
Cash at bank: $1.36m up from $0.16m (up 750%)
Cashflow from operating activities: positive $1.6m up from a negative $0.7m (up 326%)

The increase in ‘Employee benefits expense’ (up 2%) is insignificant, also administration expenses, advertising and marketing, operational expenses and other expenses from ordinary activities total approximately $1m (up 122%) and are justified considering the increases in revenue, cashflow and NPAT. Also the increase in ‘Advertising and marketing expenses’ to $2,141,842 (up 114%) is also justified considering the increases in revenue, cashflow and NPAT.

In my opinion the Dec 2013 half yearly accounts of MBE are the best set of accounts they have released in the last 10 years.