Ann: Half year results, management changes and guidance, page-39

there is an acquisitions facility but the working capital is key.  There will be timing differences around staff outgoings, rent and other costs that don’t necessarily line up with when they receive reimbursement from health funds.  Say a chair breaks down - you have to fund at least $40k plus install and often that’s month following but with a whiff of not being paid suppliers and installers may want cash terms...