Some comments on the P & L, Bal sheet and cash flow, but first please take note that NTA = zero. Most of what follows has already been mentioned.
P & L comments Raw mtls and consumables increased by $4M Depn increased by $2M Finance costs increased by $1M If it was not for the Deferred consideration adjustment, the profit before tax would have been $13.2M or a 40% fall. Ouch!!!!
Bal sheet Cash and cash equivalents of $12,000 do not line up with the cash flow stmt of $-4.4M (I do not understand why) Intangibles are now > net assets Current fin liabilities grew to $16M and vender payments of $16.6M provides a large growth on the current liabilities. (risk here for cash flow or more debt?)
Cash flow Atrocious!
HT1
ASZ Price at posting:
74.0¢ Sentiment: None Disclosure: Not Held
