Ann: First Quarter Activities and Cashflow Reports-TAS.AX, page-9

yes RZ, it is intriguing. I have only now had a look at TAS forum.
it always intrigued, and confounded me, that TAS includes the cash held by EDE, in its (TAS) cashflow statements.

the issue of consolidating accounts, control, subsidiary etc, are different issues imho.
But cashflow statements are separate issue.
Cashflows, and cash, are absolute imho.
you either have the cash or you don't.

it is an absolute fact that TAS has no access or control over the cash held by EDE.
it has no call on that cash.
Even IF EDE is a subsidiary of TAS, or even IF TAS has/has not Control over EDE, it does not have access to that cash of EDE.

that cash is the asset of EDE. That cash can only be used by EDE for the benefit of EDE and its shareholders.
And the decision of how and where and when to use that EDE cash is up to the board of EDE (not TAS).

So I am perplexed that TAS can show the EDE cash as part of the cash resources of TAS?
maybe if TAS showed a footnote in their Cashflow qtrlies, saying that their subsidiary EDE had $xxx of cash - that might be passable?
But to give investors the impression that it is TAS which has the cash (even if it is shown as 40% or whatever) - well I have never seen that before.

Does anyone remember the Adelaide Steamship Group of companies??