re: Ann: Quarterly Report & Appendix 4C - Mar... Reduction in debt may have to do with wind down (repayment) of receivables facility. This may also explain increase in working capital and is likely to lead to increased margins going forward.
In summary i seem to remember receivables were paid out by finance company at a discount and then as invoices paid the advance is repaid at full amount.
If right we should see increase in cash flows next quarter as this quarter would have had double impact on cash, no receivables advance payment and repayment of previous advances.
DYOR, IMHO etc
re: Ann: Quarterly Report & Appendix 4C - Mar... Reduction in...
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