Resourceboom, the 4c released at start of June was a quarterly cash flow statement. This quarterly result is a profit and loss statement which includes accounting accruals.
You don't need to receive cash to recognize revenue (as long as you have a purchase order and sent the goods, you can recognize the revenue and put the cash as a receivable. If you check the balance sheet, current receivables are up $5m
unilife corporation announces financial result, page-14
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)