EXP 0.00% 15.5¢ experience co limited

I was having a quick look at this name over the weekend given...

  1. 52 Posts.
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    I was having a quick look at this name over the weekend given the pull back. In the first half results presentation the company calls out “strong growth in operating cash flows”, up $2.8m, but below this in financing cash flows, there is a $5.4m increase in lease payments obscured in the presentation by increased borrowings.

    https://hotcopper.com.au/data/attachments/6200/6200673-91c212b1e2051d1673aa6cdfcb8b59c4.jpg
    Does anybody know what drove this increase in lease payments from 1H22 as it isn’t called out in the notes? I thought Treetops was fully integrated in the accounts by 1H22. Apologies if this is obvious, I'm just trying to get up to speed.

    https://hotcopper.com.au/data/attachments/6200/6200675-c95c360883bb11221c09aff7c97465a3.jpg
 
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