Ann: Half Year Report and Accounts, page-15

Proceeds from the sale of PP&E of $17.2m for the half year seems very high compared to previous periods, however, in the PP&E note it states:

"Assets with a carrying amount of $7.4 million were disposed of during the six months ended 31 December 2016 (six months ended 31 December 2015: $2.2 million), resulting in a loss on disposal of $0.13 million."

So presumably, approximately $10m of the proceeds in the cash flow statement relates to cash received for sales of PP&E in the prior period. When I look at the 2016 Annual Report they only disposed of $7.1m (carrying value) of PP&E of which they managed to book profits of $13.3m primarily related to the sale of a property in NSW.... So circa $20.4m of cash proceeds.

So in summary, they sold $7.4m of PP&E during the half, if they recieved all of the cash, proceed would have been $7.3m (net of the loss). Therefore, the remaining $9.9m must relate to the sale of the NSW property.

I can't seem to find any disclosure as to what they actually sold (P, P or E) during this half. Any other insights?