Yep understand that, but it happens every quarter.
Ie. if you look at Q4, they will have revenue received in Q4 that related to Q3 actual creditor spend (Q3 production), much like at the end of Q4, they had revenue treated as trade debtors. Ie. the cash cyle offsets itself, other than the 1st trading cycle of production and the last.
Research Coverage Initiated - MST Access, page-63
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