Well with still more to come. (Like just how much OKAP changed for the year) It's safe to say CCC has deteriorated once again.
Receipt form customs $58,505,000. Down $21,473,000 from 2012. Payment to suppliers and employees. $$70,488,000. Down $9,5m but way to high.
Admin $11,533,000 Finance $13,888,000
Total end of year loss. $49,488,999. Just a $400k improvement form the year before. Now soon to be down to just two mines. One running at a loss and rehabilitation cost ($9m allowed) due in this YF.
(Unless the coal mining Leprechauns magically pull out 2.5mtpa of export coal this year. May be a magically pots of Leprechaun golden dividends as well)
Total net assets. $169,803,000 Total net liabilities $143,075,000
Current asset. $17,102,000. Total net liabilities $48,880,000. (ouch!!!!)
Cash in bank. Just $3,5m. Not even a months worth. (imo)
And the impressive part.
Total of accumulated losses. a massive $198,987,000.
So who did make money??
Well our controvertible friends did quite well.
Con note interest $2,047,000 Con note costs $1,712,000
Cons still outstanding??? $16,000,000. (2,500,000 2012)
You want to see the really dog doo doo. Go to page 16-18. Borrowings. It's enough to put a shiver down your spin and tells you all you need to know.
CCC Price at posting:
3.4¢ Sentiment: None Disclosure: Not Held
