I'm expecting the asset values at Dec17 to be very close, by co-incidence to the Dec16 figures which were:
Cash 166.0
Inventory-finished goods 10.1
Trade receivables 26.1
There are other components both to inventory(stores,etc) and receivables(tax refund,etc) but the above figures are the operating components.
The Annual Report states that trade receivables are due 14 days from invoice date(Bill of lading)so if it takes two weeks to get to China then it virtually gets paid when the ship docks there.
I'm expecting the asset values at Dec17 to be very close, by...
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