So if net debt is 348m, gearing is 26%, then equity is $990m I believe. HY Net debt was $358m, equity $1006m.
I expect livestock inventory will be about $588m, PPE will be about $762m.
TA: 1350, plus some misc
TL: 358, plus some misc
NA: 990
nearly balances with those 3 items
Not sure it means anything
Ann: AACo Market Update and Operational Review, page-16
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