Ouch thanks for bringing up the seasonal debt facility renewal....

Ouch thanks for bringing up the seasonal debt facility renewal.

THe company seems to have reduced its "interest bearing liability" debt around $40M in the last year though.

Historicly however The 07 annual report shows the "interest bearing liability" at $51M in the Annual report as at 28 Feb 07 and then the next half yearly had the "interest bearing liability at $142M
It states in the annual report of 07 the company had spent money on capital improvements to 3 gins and one warehouse, dont know if that would have been worth the above (142-51) $91m discrepancy

But probably not because the value of the non current assets has stayed the same for the last 2 years at at $90M

So where did the $91m get spent in 6 monts?