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clock Created with Sketch. 28/10/17
09:53
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Originally posted by Knowit
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OK I can see u r talking about negative working capital rather than debt per se. Roughly $10m of which is the Pybar claim that will either be settled at a much lower amount, even zero if the counter claim has legs or in 2 years if it goes legal. So IMO it is safe to back this out of your definition of debt as it is not currently enforceable if at all.
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Even though wpg have stated they have fully provided fir the entire pybar claim in the FY17 consolidated financial accounts, they have not. Only the June portion is included. The July and august portion has not been provided.
