A very good example of the difference between cash and accrual accounting. Cash receipts of $190,000 but actual sales of $924,000. On this basis the 4C makes the quarter look a lot worse than it was. The difference included in the $850,000 cash due. I'm assuming that production costs have been paid for in the quarter. A lot of ground work now done. Hopefully blue sky from here. A good entry point.
Ann: Appendix 4C - quarterly, page-7
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