TNT 2.17% 22.5¢ tesserent limited

Ann: Appendix 4C - quarterly-TNT.AX, page-11

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  1. 125 Posts.
    if you go down to the summary of cash. it says that there is 100k in bank and 2 mil (other)? What does other mean? ceo walking around with it in his pocket?

    it's not just the cash balance that is strange. their profits are around 1.2mil with staff wages of 800k. staff wages are only the beginning of costs requried to keep the business going especially with the type of service that tesserent provides. there will be lots of costs associated with the ongoing upkeep of network services and premises. These costs seem to be increasing at a faster rate on the balance sheet than growth of profit (with different excuses each quarter).
 
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