Hey CL I am pleased you took the time to get answers from APG...

Hey CL
I am pleased you took the time to get answers from APG management on this matter, but you obviously decided not to share these answers on Hotcopper.
It may reassure some people that you are an accountant (and a large APG shareholder as well ), and that you have no issues with APG managements accounting policies & methodology. Myself – I would rather have the answers (open & transparent remember) – then make up my own mind what is acceptable.

The issue here is one of definition – what is Cash ??
This what I think happened.

In the Q2 report APG management said they had $326,000 Cash on Hand & at Bank as at 31/12/15.
But they did not really have $326K in the bank account & in Petty Cash .
What they had was possibly someting like this:
$51,554 in the bank account & in Petty Cash .
$ ???? some amount still owing from the Shareholder Share Purchase Plan( SSPP)
$ ???? Recieveables - some money owing to APG
$ ???? Other Investments - unknown what price & how quickly can they be sold.
$360,000 Cash on Hand & at Bank as at 31/12/15 Q2 Cash Flow Report

In the H1 Report, the Auditor, a KPMG accountant ( yes - another accountant just like False9) said hang on there – I don’t think you can classify funds owed to you & investments as Cash. You actually have to receive the payment and hold the cash, to be able to claim it as Cash.
So, to get a truer picture of Cash (ie money instantly available to pay bills) the KPMG Auditor reclassified the money owed & Investments out of the Cash balance.
And this is now shown as :
$51,554 Cash & Cash Equivalents as at 31/12/15 H1 Cash Flow Statement

The ASX will probably not take this issue further. The ASX received a query about APG, and APG provided an answer. ASX will leave it at that.
I think APG may be fortunate that the query went to the ASX , and not to ASIC.