CTP central petroleum limited

BuddyA simple understanding of the Account terms would give you...

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    Buddy

    A simple understanding of the Account terms would give you an answer.

    Current Liabilities are those repayable and due within 12 months, while Non-Current Liabilities are payable after 12 months.

    The shift here is the change in debt payment timetable which was announced to ASX on 12 February.

    In the June 2019 accounts, the Macquarie debt was Non-Current (due in September 2020) but by end December it had become Current in the accounts. The subsequent change has pushed it back to Non-Current.

    Trust me, the refinancing was a good thing. I don't understand why it would be of major concern to you.

    AL
 
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