OK very ignorant second paragraph - it's all about cash flow isn't it? No wonder I've never paid much attention to quarterlies they give such a limited picture of what's going on. Eg there is no provision for the inclusion of assets except for cash and bank balances. So if a company like zno is spending cash on building up inventory it only shows as negative cash flow. I suppose the real purpose of quarterlies is just to flag if any dodgy disposal of assets is going on.
Ann: Appendix 4C - quarterly, page-46
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